NOT LISTED FOR SALE

1013 Frances Dr Chico, CA 95973

Estimated Value: $624,706 - $722,000

7 Beds
6 Baths
3,645 Sq Ft
$181/Sq Ft Est. Value

Last Sold January 10, 2025

Last sale price $625,000 $171 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $3,679/month

71 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • 6 Car Garage
  • Chico Junior High School Rated A-
  • Central Heating and Cooling System
  • Wood Fence

About This Home

As of January 2025

Hard to find triplex with each unit having it's own 2 car garage, laundry facilities and fully functional units! If you re looking for multi-generational living this tri-plex could work for you AND provide additional income! There is a 3 bedroom unit at the front of this building, then 2 bedroom, 2 bath units behind it. The long driveway accesses both of those garages and front doors! Recent updating to plumbing, a kitchen stove, a heater have been completed. Seller has owned this for many years, it was a great income opportunity for them, it can be for you as well! Don't miss the chance to earn income and have a living space for yourself, this can be a money maker, or your first opportunity to get in to your first home!

Last Agent to Sell the Property

Becky Prater

Platinum Partners Real Estate Brokerage Phone: 530-520-0308 License #00772540 Listed on: 10/01/2024

Last Buyer's Agent

Michelle Palmquist

Re/Max of Chico License #02159588

Re/Max of Chico

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1976

Lot Details

  • 0.33 Acre Lot
  • Two or More Common Walls
  • Wood Fence
  • Fence is in poor condition
  • Level Lot
  • Density is 2-5 Units/Acre

Parking

  • 6 Car Garage
  • Parking Available
  • Front Facing Garage
  • Side Facing Garage
  • Two Garage Doors
  • Driveway Level

Home Design

  • Triplex
  • Entry on the 1st floor
  • Cosmetic Repairs Needed
  • Slab Foundation
  • Fire Rated Drywall
  • Composition Roof
  • Stucco

Interior Spaces

  • 3,645 Sq Ft Home
  • 1-Story Property
  • Fireplace With Gas Starter
  • Window Screens
  • Living Room with Fireplace

Kitchen

  • Electric Range
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Electric Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Suburban Location

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • 220 Volts in Garage
  • Natural Gas Connected
  • Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, grounds care, gas, trash collection
  • Tax Lot 28
  • Assessor Parcel Number 042390028000

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • 3 Leased Units
  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,800
  • Water Sewer Expense $600
  • Operating Expense $2,400
  • Gross Income $55,500
  • Net Operating Income $53,100

Property Details

Home Type

Multi-Family

Year Built

Built in 1976

Lot Details

0.33 Acres

Parking

6

Listing Details

  • Assessments: No
  • Inclusions: refrigerators
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: No
  • Water Sewer Expenses: 600.00
  • Zoning: R4
  • Property Condition: Repairs Cosmetic
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 042390028000
  • Year Built: 1976
  • AgentOnly_SellerConsiderConcessionYN: No
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Vinyl
  • Appliances: Yes
  • Entry Level: 1
  • Fireplace Features: Living Room, Gas Starter
  • Levels: One
  • Price Per Square Foot: 171.47
  • Room Type: All Bedrooms Down, Kitchen, Main Floor Bedroom, Main Floor Primary Bedroom
  • Window Features: Screens

Exterior Features

  • Foundation: Slab
  • Fence: Yes
  • Fencing: Poor Condition, Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Drywall Walls, Stucco

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Driveway Level, Garage, Garage Faces Front, Garage Faces Side, Garage - Two Door
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Electric Range, Disposal, Refrigerator, Water Heater
  • Electric: 220 Volts in Garage
  • Heating Type: Central, Natural Gas
  • Laundry Features: Electric Dryer Hookup, In Garage
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Gutters, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Level with Street
  • Lot Size Sq Ft: 14375.00
  • Lot Size Acres: 0.3300

Rental Info

  • Tenant Pays: Electricity, Grounds Care, Gas, Trash Collection

Multi Family

  • Gross Income: 55500.00
  • Gross Scheduled Income: 55500.00
  • Insurance Expense: 1800.00
  • Lot Size Area: 14375.0000 Square Feet
  • Net Operating Income: 53100.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Number With Dishwasher: 3
  • Number With Range: 3
  • Number With Refrigerator: 3
  • Operating Expense: 2400.00
  • Rent Control: Yes
  • Total Actual Rent: 4765.00
  • Total Expenses: 2400.00

Tax Info

  • Tax Census Tract: 4.04
  • Tax Lot: 28

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 1, 2024
Closed on
Jan 6, 2025
Sold by
Michael Moran M and Michael Sondra C
Bought by
Wang Haosen and Varela Jennifer Marianne
Seller's Agent
Becky Prater
Platinum Partners Real Estate
Buyer's Agent
Michelle Palmquist
Re/Max of Chico
List Price
$669,000
Sold Price
$625,000
Premium/Discount to List
-$44,000
-6.58%
Views
33
Current Estimated Value
$658,177

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$33,177
Avg. Annual Appreciation
4.56%
Original Mortgage
$500,000
Outstanding Balance
$496,528
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$161,649

Purchase Details

Closed on
Jun 3, 2016
Sold by
Moran M Michael and Moran Sondra C
Bought by
Moran Moran M and Moran Sondra C
Source: Public Records

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Wang Haosen $625,000 Mid Valley Title & Escrow
Moran Moran M -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wang Haosen $500,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/10/2025 01/10/25 Sold $625,000 -2.2% $171 / Sq Ft
12/02/2024 12/02/24 Price Changed $639,000 -4.5% $175 / Sq Ft
10/01/2024 10/01/24 For Sale $669,000 -- $184 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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
2025 $3,501 $321,513 $88,299 $233,214
2024 $3,501 $314,719 $86,568 $228,151
2023 $3,459 $309,049 $84,871 $224,178
2022 $3,403 $303,000 $83,207 $219,793
2021 $3,339 $297,070 $81,576 $215,494
2020 $3,330 $294,030 $80,740 $213,290
2019 $3,270 $288,275 $79,157 $209,118
2018 $3,210 $282,633 $77,605 $205,028
2017 $5,121 $277,102 $76,084 $201,018
2016 $4,847 $271,680 $74,593 $197,087
2015 $4,847 $267,608 $73,473 $194,135
2014 $4,791 $262,376 $72,034 $190,342
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN24198482

California Regional Multiple Listing Service (CRMLS)

APN: 042-390-028-000

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