Seller's Agent in 2024
Dustin Cheatham
Upside Real Estate
(530) 767-3714
116 Total Sales
5471 S Libby Rd Paradise, CA 95969
Estimated Value: $935,991
6
Acres
$148,806
Price per Acre
273,992
Sq Ft Lot
Highlights
- Senior Community
- 6.29 Acre Lot
- No HOA
- View of Trees or Woods
- Near a National Forest
- Gentle Sloping Lot
About This Lot
As of August 2024MOTIVATED SELLER. Prime Improved Land! This may be the opportunity you are looking for to create impressive income. This age-restricted 55+ property is centrally located and close to Shopping, Restaurants, Schools, fire, and police. Improved with a proposed 54 mobile home spaces, 47 of which have separate meters for gas, electricity. Space dimensions accommodate a mix of triple-wide, double, and single-wide manufactured homes and mobile homes. The current market would support $650 monthly space rent for $421,200 annual gross income, pro forma cap rate 28%. The Town of Paradise zoning TR-1 allows for permitted use as a mobile home park, group home, or elderly community care facilities. The subject is situated within the confines of two contiguous Assessor’s parcels located west of S. Libby Road, south of Newland Road, within the town of Paradise, California. Access via a long paved driveway from S. Libby Rd gives the feeling of seclusion and privacy. A communal space is central to the park where either 4 spaces could be created or a common multi-use building could be re-built, next to the USPS mailbox cluster. The park has six septic tanks. Trenching for septic and public water to each space will be the responsibility of the new owner, has not been investigated by the listing brokerage or Seller. Water is available at the street, Paradise Irrigation District. Before the Camp Fire in 2018, the park was a thriving community known as Holly Hills Senior Mobile Home Park. An appraisal done by Nelson M. Wong, MAI for a national bank in July 2017 valued the park at $2.55M with a 91% vacancy at the time. The present utility infrastructure was rebuilt at no cost to the owner. APNs: 054181-011 and 054-81-026 for a combined 6.29 acres. Flood insurance is not required. California earthquake Zone 3 (very low risk). Lower Paradise, which means little chance of snow. No apparent adverse easements, encroachments or other conditions currently impacting the subject.
Last Listed By
Upside Real Estate Brokerage Phone: 530-355-6881 License #01972561 Listed on: 12/28/2023
Property Details
Property Type
- Land
Est. Annual Taxes
- $2,786
Year Built
- 1990
Lot Details
- 6.29 Acre Lot
- Gentle Sloping Lot
- 054181011000
- Value in Land
- Property is zoned RT1
Property Views
- Woods
- Mountain
Utilities
- Natural Gas Connected
- Conventional Septic
- Sewer Not Available
Community Details
- Senior Community
- No Home Owners Association
- Near a National Forest
Listing and Financial Details
- Assessor Parcel Number 054181026000
- $1 per year additional tax assessments
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 28, 2023
Closed on
Jun 28, 2024
Sold by
Randall Craig Ahr Revocable Living Trust and Ahr Randall C
Bought by
Libby Rd Paradise Corp
Seller's Agent
Dustin Cheatham
Upside Real Estate
Buyer's Agent
Dustin Cheatham
Upside Real Estate
List Price
$2,200,000
Sold Price
$935,800
Premium/Discount to List
-$1,264,200
-57.46%
Total Days on Market
112
Views
22
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$191
Avg. Annual Appreciation
0.41%
Purchase Details
Closed on
May 16, 2024
Sold by
Ahrs Paradise Llc and Ahr Randall C
Bought by
Randall Craig Ahr Revocable Living Trust and Ahr
Purchase Details
Closed on
Oct 20, 2022
Sold by
Ahrs Paradise Llc
Bought by
Randall Craig Ahr Revocable Living Trust
Purchase Details
Closed on
Aug 16, 2017
Sold by
Ahr Randall C
Bought by
Ahrs Paradise Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$670,000
Interest Rate
3.96%
Mortgage Type
Commercial
Purchase Details
Closed on
Jul 16, 2007
Sold by
Blum Walter
Bought by
Blum Walter
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Libby Rd Paradise Corp | $936,000 | Fidelity National Title Compan | |
| Randall Craig Ahr Revocable Living Trust | -- | -- | |
| Ahrs Paradise Llc | -- | Fidelity National Title | |
| Ahr Randall C | -- | Fidelity National Title | |
| Ahr Randall C | $587,500 | Fidelity National Title | |
| Blum Walter | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Ahr Randall C | $670,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/05/2024 08/05/24 | Sold | $935,800 | -6.2% | $696 / Sq Ft |
| 04/19/2024 04/19/24 | Pending | -- | -- | -- |
| 03/26/2024 03/26/24 | Price Changed | $998,000 | -16.8% | $743 / Sq Ft |
| 02/21/2024 02/21/24 | Price Changed | $1,200,000 | -25.0% | $893 / Sq Ft |
| 01/16/2024 01/16/24 | Price Changed | $1,600,000 | -27.3% | $1,190 / Sq Ft |
| 12/28/2023 12/28/23 | For Sale | $2,200,000 | -- | $1,637 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $2,786 | $256,865 | $256,865 | $0 |
| 2023 | $2,785 | $375,000 | $375,000 | $0 |
| 2022 | $2,733 | $246,888 | $246,888 | $0 |
| 2021 | $2,675 | $242,048 | $242,048 | $0 |
| 2020 | $2,543 | $239,567 | $239,567 | $0 |
| 2019 | $2,493 | $234,870 | $234,870 | $0 |
| 2018 | $8,108 | $763,842 | $230,265 | $533,577 |
| 2017 | $8,017 | $752,449 | $225,750 | $526,699 |
| 2016 | $7,681 | $733,010 | $221,324 | $511,686 |
| 2015 | -- | $722,000 | $218,000 | $504,000 |
| 2014 | -- | $463,521 | $135,416 | $328,105 |
Source: Public Records
Agents Affiliated with this Home
-
Dustin Cheatham
Map
Similar Property in Paradise, CA
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SN23224360
APN: 054-181-011-000
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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