1005 Magnolia Ave Chico, CA 95926
Chico Vecino NeighborhoodEstimated Value: $531,000 - $706,000
5
Beds
4
Baths
2,250
Sq Ft
$259/Sq Ft
Est. Value
Highlights
- Craftsman Architecture
- No HOA
- Cooling System Mounted To A Wall/Window
- Chico Junior High School Rated A-
- Double Pane Windows
- Laundry Room
About This Home
As of July 2020Location! Location! Location! Set on a corner lot with easy access to all 4 units, this Chico Charmer is just blocks away from the CSU Chico campus and downtown. The home features a 2 bedroom, 1 bathroom unit, and three 1 bedroom, 1 bathroom units. There is off street parking behind the home, dual pane windows, a newer roof, and a low maintenance yard. Don't miss this opportunity to own an amazing income property with a slice of Chico history.
Last Agent to Sell the Property
Parkway Real Estate Co. License #01990048 Listed on: 05/03/2019
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,467
Year Built
- Built in 1905
Lot Details
- 5,227 Sq Ft Lot
- Two or More Common Walls
- Sprinkler System
- Density is up to 1 Unit/Acre
Home Design
- Craftsman Architecture
- Split Level Home
- Property Attached
- Asphalt Roof
Interior Spaces
- 2,250 Sq Ft Home
- 2-Story Property
- Double Pane Windows
Flooring
- Carpet
- Laminate
- Vinyl
Bedrooms and Bathrooms
- 5 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
- Washer Hookup
Parking
- 4 Parking Spaces
- Parking Available
- Off-Street Parking
Utilities
- Cooling System Mounted To A Wall/Window
- Wall Furnace
Listing and Financial Details
- Tenant pays for electricity, gas
- Assessor Parcel Number 003095009000
Community Details
Overview
- No Home Owners Association
- 4 Units
Building Details
- 4 Leased Units
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $105
- Trash Expense $1,216
- Water Sewer Expense $1,981
- Operating Expense $9,037
- Gross Income $39,420
- Net Operating Income $30,383
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 3, 2019
Closed on
Jul 22, 2020
Sold by
Lampe Mark A and Lampe Heidi M
Bought by
Krause Paul and Krause Mary E
Seller's Agent
Hobie Jensen
Parkway Real Estate Co.
Buyer's Agent
Kenneth Winslow
Re/Max of Chico
List Price
$510,000
Sold Price
$465,000
Premium/Discount to List
-$45,000
-8.82%
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
$117,921
Avg. Annual Appreciation
3.54%
Original Mortgage
$345,000
Outstanding Balance
$310,501
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$241,391
Purchase Details
Closed on
Nov 8, 2005
Sold by
Ruby Lawrence L and Ruby Diane
Bought by
Lampe Mark A and Lampe Heidi M
Purchase Details
Closed on
Nov 20, 2001
Sold by
Hill Wesley Dwight and Hill Jeanna Marie
Bought by
Ruby Lawrence L and Ruby Diane
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$197,600
Interest Rate
6.63%
Purchase Details
Closed on
Oct 10, 2001
Sold by
Ruby Lawrence L and Ruby Diane
Bought by
Ruby Lawrence L and Ruby Diane
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$197,600
Interest Rate
6.63%
Purchase Details
Closed on
Aug 16, 1999
Sold by
Branson James D and Branson Karen D
Bought by
Ruby Lawrence L and Ruby Diane
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
7.89%
Purchase Details
Closed on
Oct 11, 1998
Sold by
Holmes Julienne and The Julienne Holmes Trust
Bought by
Branson James D and Branson Karen D
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,500
Interest Rate
6.88%
Mortgage Type
Seller Take Back
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Krause Paul | $465,000 | Bidwell Title & Escrow Co | |
| Lampe Mark A | $425,000 | Mid Valley Title & Escrow Co | |
| Ruby Lawrence L | -- | Mid Valley Title & Escrow Co | |
| Ruby Lawrence L | $236,500 | Mid Valley Title & Escrow Co | |
| Ruby Lawrence L | -- | -- | |
| Ruby Lawrence L | -- | Mid Valley Title & Escrow Co | |
| Branson James D | $45,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Krause Paul | $345,000 | |
| Previous Owner | Lampe Mark A | $295,000 | |
| Previous Owner | Lampe Mark A | $300,000 | |
| Previous Owner | Ruby Lawrence L | $197,600 | |
| Previous Owner | Hill Wesley Dwight | $126,000 | |
| Previous Owner | Ruby Lawrence L | $60,000 | |
| Previous Owner | Branson James D | $40,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/24/2020 07/24/20 | Sold | $465,000 | -7.0% | $207 / Sq Ft |
| 06/07/2020 06/07/20 | Pending | -- | -- | -- |
| 05/15/2020 05/15/20 | Price Changed | $499,900 | -2.0% | $222 / Sq Ft |
| 04/04/2020 04/04/20 | For Sale | $510,000 | 0.0% | $227 / Sq Ft |
| 02/07/2020 02/07/20 | Pending | -- | -- | -- |
| 10/22/2019 10/22/19 | For Sale | $510,000 | 0.0% | $227 / Sq Ft |
| 09/17/2019 09/17/19 | Pending | -- | -- | -- |
| 05/03/2019 05/03/19 | For Sale | $510,000 | -- | $227 / 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 | $5,467 | $493,461 | $159,181 | $334,280 |
| 2023 | $5,402 | $483,786 | $156,060 | $327,726 |
| 2022 | $5,315 | $474,300 | $153,000 | $321,300 |
| 2021 | $5,216 | $465,000 | $150,000 | $315,000 |
| 2020 | $4,804 | $425,000 | $115,000 | $310,000 |
| 2019 | $4,811 | $425,000 | $115,000 | $310,000 |
| 2018 | $4,084 | $360,000 | $115,000 | $245,000 |
| 2017 | $3,741 | $330,000 | $115,000 | $215,000 |
| 2016 | $3,168 | $300,000 | $105,000 | $195,000 |
| 2015 | $2,843 | $265,000 | $105,000 | $160,000 |
| 2014 | $2,352 | $220,000 | $95,000 | $125,000 |
Source: Public Records
Agents Affiliated with this Home
-
Hobie Jensen
Seller's Agent in 2020
Hobie Jensen
Parkway Real Estate Co.
(209) 915-3376
8 in this area
164 Total Sales
-
Stephanie Jensen
Seller Co-Listing Agent in 2020
Stephanie Jensen
Parkway Real Estate Co.
(530) 356-8852
6 in this area
150 Total Sales
-
Kenneth Winslow
Buyer's Agent in 2020
Kenneth Winslow
RE/MAX
(530) 809-3700
2 in this area
18 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SN19102537
APN: 003-095-009-000
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
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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