5471 S Libby Rd

273,992 / 6.29
Lot Size / Acres

Description

Motivated 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...Motivated 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.
  1. Listed by Dustin Cheatham • DRE #01972561 • Brokerage DRE #02014153 • Upside Real Estate • 530-355-6881

Property Details for 5471 South Libby Road

View
Mountain(s), Trees/Woods
Lot Size Source
Assessor
Assessor Parcel Number
054181026000
New Construction
No
Pool
No
View
Yes
Association
No
Association Fee
$.00
LISTING UPDATED: 08/20/2024 03:59 AM

Property Details for 5471 South Libby Road

StatusClosed
MLS #SN23224360
Days on Compass113
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLot/Land
Year Built-
Lot Size6.29 AC
CountyButte County

Location

Listing Courtesy of Upside Real Estate, Dustin Cheatham, DRE #01972561

Sold By Upside Real Estate, Dustin Cheatham, DRE #01972561

Add your commute

Building Information for 5471 South Libby Road

Lot Size6.29 AC

Payment Calculator

$5,195 per month

30 year fixed, 6.15% Interest

Principal and Interest

$4,561

Property Taxes

$634

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5471 South Libby Road

Income / Expense / Tax Details
Tax / Assessment Info
  • Tax Census Tract: 23.00
  • CFD/Mello-Roos Fee: $1
Community / Development
Community / Development
  • Assessments: Buyer to Verify
  • Community Features: BLM/National Forest
Property / Structure Info
Exterior Features
  • Structures: Value in Land
  • Other Structures: Value in Land
  • Miscellaneous: Value in Land
  • View Description: Trees/Woods
Distance To
  • Distance To Water: 1
Land/Lot Info
  • Sign on Property: Yes
  • Additional Parcels Description: 054181011000
  • Lot Features: Gentle Sloping, Value In Land
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Paved
  • Road Frontage Type: City Street
  • Water: Public
  • Sewer: Conventional Septic
  • Sewer/Septic: Septic Installed
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Not Available, Water Available
  • Electric: Electricity - On Property
  • Water Source: Public
Parking Info
  • Carport Spaces: 0
Property / Structure Info
  • Residential Styles: Lots/Land

Property History for 5471 South Libby Road

DateEvent & SourcePriceAppreciation
Aug 5, 2024

Sold

CRMLS #SN23224360

$935,800
Aug 5, 2024

Sold

SDMLS #SN23224360

$935,800
Jun 28, 2024

Sold (Public Record)

Public Record #1539166586

$936,000
May 3, 2024

Pending

SDMLS #SN23224360

Apr 19, 2024

Pending

CRMLS #SN23224360

Apr 19, 2024

Pending

CLAW #SN23224360MR

Mar 26, 2024

Price Change

CLAW #SN23224360MR

$998,000
Mar 26, 2024

Price Change

CRMLS #SN23224360

$998,000
Feb 21, 2024

Price Change

CLAW #SN23224360MR

$1,200,000
Feb 21, 2024

Price Change

CRMLS #SN23224360

$1,200,000
Jan 16, 2024

Price Change

CLAW #SN23224360MR

$1,600,000
Jan 16, 2024

Price Change

CRMLS #SN23224360

$1,600,000
Dec 28, 2023

Listed (Active)

CRMLS #SN23224360

$2,200,000
Dec 28, 2023

Listed (Active)

CLAW #SN23224360MR

$2,200,000
Dec 10, 2023

Listed (Active)

SDMLS #SN23224360

$2,200,000
Nov 25, 2015

Sold

CLAW #PA15225486MR

$39,000
Nov 4, 2015

Pending

CLAW #PA15225486MR

Oct 14, 2015

Listed (Active)

CLAW #PA15225486MR

$45,000
Oct 13, 2015

Sold

CLAW #PA15127154MR

$4,000
Oct 10, 2015

Expired

CLAW #PA15170543MR

Sep 8, 2015

Pending

CLAW #PA15127154MR

Aug 3, 2015

Listed (Active)

CLAW #PA15170543MR

$52,000
Jun 10, 2015

Listed (Active)

CLAW #PA15127154MR

$7,900
Apr 2, 2011

Price Change

RESFAR #200802727

$69,900
Jul 8, 2009

Sold

RESFAR #200809657

$30,000
Jul 8, 2009

Sold

METROLIST #200809657

$30,000
Jun 23, 2009

Pending

RESFAR #200809657

Jun 23, 2009

Pending

METROLIST #200809657

Jan 1, 2009

Expired

METROLIST #200802727

Dec 31, 2008

Expired

RESFAR #200802727

Sep 30, 2008

Price Change

RESFAR #200809657

$60,000
Sep 30, 2008

Listed (Active)

RESFAR #200809657

$35,000
Sep 30, 2008

Listed (Active)

METROLIST #200809657

$60,000
Apr 5, 2008

Expired

RESFAR #200707667

Mar 20, 2008

Expired

RESFAR #200706049

Mar 18, 2008

Price Change

RESFAR #200802727

$89,500
Mar 18, 2008

Listed (Active)

RESFAR #200802727

$69,900
Mar 18, 2008

Listed (Active)

METROLIST #200802727

$89,500
Mar 15, 2008

Expired

METROLIST #200706761

Mar 14, 2008

Expired

RESFAR #200706761

Mar 12, 2008

Expired

METROLIST #200706049

Jan 22, 2008

Expired

METROLIST #200707667

Nov 5, 2007

Listed (Active)

METROLIST #200707667

$39,900
Nov 5, 2007

Listed (Active)

RESFAR #200707667

$39,900
Sep 21, 2007

Listed (Active)

RESFAR #200706761

$89,500
Sep 21, 2007

Listed (Active)

METROLIST #200706761

$89,500
Aug 30, 2007

Sold

RESFAR #200702874

$15,000
Aug 30, 2007

Sold

METROLIST #200702874

$15,000
Aug 16, 2007

Pending

RESFAR #200702874

Aug 16, 2007

Listed (Active)

METROLIST #200706049

$99,950
Aug 16, 2007

Pending

METROLIST #200702874

Aug 16, 2007

Listed (Active)

RESFAR #200706049

$99,950
Apr 23, 2007

Price Change

RESFAR #200702874

$28,500
Apr 23, 2007

Listed (Active)

RESFAR #200702874

$19,900
Apr 23, 2007

Listed (Active)

METROLIST #200702874

$28,500
Dec 30, 2006

Expired

RESFAR #200607486

$21,500
Nov 21, 2006

Expired

METROLIST #200607486

$21,500
Sep 25, 2006

Price Change

RESFAR #200607486

$25,500
Sep 25, 2006

Listed (Active)

METROLIST #200607486

$25,500
Sep 25, 2006

Listed (Active)

RESFAR #200607486

$21,500
DateEvent & SourcePrice
08/05/2024

Sold

CRMLS #SN23224360

$935,800
08/05/2024

Sold

SDMLS #SN23224360

$935,800
06/28/2024

Sold (Public Record)

Public Record #1539166586

$936,000
05/03/2024

Pending

SDMLS #SN23224360

04/19/2024

Pending

CRMLS #SN23224360

04/19/2024

Pending

CLAW #SN23224360MR

03/26/2024

Price Change

CLAW #SN23224360MR

$998,000
03/26/2024

Price Change

CRMLS #SN23224360

$998,000
02/21/2024

Price Change

CLAW #SN23224360MR

$1,200,000
02/21/2024

Price Change

CRMLS #SN23224360

$1,200,000
01/16/2024

Price Change

CLAW #SN23224360MR

$1,600,000
01/16/2024

Price Change

CRMLS #SN23224360

$1,600,000
12/28/2023

Listed (Active)

CRMLS #SN23224360

$2,200,000
12/28/2023

Listed (Active)

CLAW #SN23224360MR

$2,200,000
12/10/2023

Listed (Active)

SDMLS #SN23224360

$2,200,000
11/25/2015

Sold

CLAW #PA15225486MR

$39,000
11/04/2015

Pending

CLAW #PA15225486MR

10/14/2015

Listed (Active)

CLAW #PA15225486MR

$45,000
10/13/2015

Sold

CLAW #PA15127154MR

$4,000
10/10/2015

Expired

CLAW #PA15170543MR

09/08/2015

Pending

CLAW #PA15127154MR

08/03/2015

Listed (Active)

CLAW #PA15170543MR

$52,000
06/10/2015

Listed (Active)

CLAW #PA15127154MR

$7,900
04/02/2011

Price Change

RESFAR #200802727

$69,900
07/08/2009

Sold

RESFAR #200809657

$30,000
07/08/2009

Sold

METROLIST #200809657

$30,000
06/23/2009

Pending

RESFAR #200809657

06/23/2009

Pending

METROLIST #200809657

01/01/2009

Expired

METROLIST #200802727

12/31/2008

Expired

RESFAR #200802727

09/30/2008

Price Change

RESFAR #200809657

$60,000
09/30/2008

Listed (Active)

RESFAR #200809657

$35,000
09/30/2008

Listed (Active)

METROLIST #200809657

$60,000
04/05/2008

Expired

RESFAR #200707667

03/20/2008

Expired

RESFAR #200706049

03/18/2008

Price Change

RESFAR #200802727

$89,500
03/18/2008

Listed (Active)

RESFAR #200802727

$69,900
03/18/2008

Listed (Active)

METROLIST #200802727

$89,500
03/15/2008

Expired

METROLIST #200706761

03/14/2008

Expired

RESFAR #200706761

03/12/2008

Expired

METROLIST #200706049

01/22/2008

Expired

METROLIST #200707667

11/05/2007

Listed (Active)

METROLIST #200707667

$39,900
11/05/2007

Listed (Active)

RESFAR #200707667

$39,900
09/21/2007

Listed (Active)

RESFAR #200706761

$89,500
09/21/2007

Listed (Active)

METROLIST #200706761

$89,500
08/30/2007

Sold

RESFAR #200702874

$15,000
08/30/2007

Sold

METROLIST #200702874

$15,000
08/16/2007

Pending

RESFAR #200702874

08/16/2007

Listed (Active)

METROLIST #200706049

$99,950
08/16/2007

Pending

METROLIST #200702874

08/16/2007

Listed (Active)

RESFAR #200706049

$99,950
04/23/2007

Price Change

RESFAR #200702874

$28,500
04/23/2007

Listed (Active)

RESFAR #200702874

$19,900
04/23/2007

Listed (Active)

METROLIST #200702874

$28,500
12/30/2006

Expired

RESFAR #200607486

$21,500
11/21/2006

Expired

METROLIST #200607486

$21,500
09/25/2006

Price Change

RESFAR #200607486

$25,500
09/25/2006

Listed (Active)

METROLIST #200607486

$25,500
09/25/2006

Listed (Active)

RESFAR #200607486

$21,500

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 5471 South Libby Road

Taxable ValueLand$520,000Additions$180,000Total$700,000
Tax Record2025$7,608 ($634 / month)
Home Facts
Lot Size217,800 SqFtStyleMiscellaneous CommercialYear Built1964ZoningRT1CountyBUTTEAPN054-181-011-000

Schools near 5471 South Libby Road

This home is within Paradise Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 7 to 8
Public - 9 to 12
Public - 7 to 12
Rating
School
Distance
Paradise Elementary School
PublicK to 5

Paradise Intermediate School
Public7 to 8

Paradise Senior High School
Public9 to 12

Honey Run Academy Secondary
Public7 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Similar Sold Homes

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Upside Real Estate, Dustin Cheatham, DRE #01972561

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.