Seller's Agent in 2024
Shane Collins
RE/MAX
(530) 518-1413
5 in this area
159 Total Sales
1021 Alder St Unit 1 Chico, CA 95928
Eastwood NeighborhoodEstimated Value: $353,356 - $433,000
3
Beds
2
Baths
1,464
Sq Ft
$267/Sq Ft
Est. Value
Highlights
- No HOA
- Double Pane Windows
- Laundry Room
- Parkview Elementary School Rated A-
- Ductless Heating Or Cooling System
- Shed
About This Home
As of April 2024Discover the perfect investment! This duplex is nestled close to downtown with convenient access to freeways and Bidwell Park. With a 2-bedroom, 1-bath unit downstairs, leased through May 2025, and a furnished 1-bedroom, 1-bath unit upstairs, this property will ensure a steady income stream for the investor, OR live in one unit while enjoying supplemental rental income. Both units have been updated with wood laminate flooring. Dual pane windows and a new roof were installed 5+ years ago. There are ductless mini splits and ceiling fans throughout. There are separate gas and electric meters for each unit and the property has been connected to City Sewer. The spacious backyard is fenced and includes a detached storage structure and laundry room. Whether you're an astute investor or a discerning homeowner looking for versatility and income potential, this duplex presents a compelling proposition. Don't miss your chance to capitalize on this offering!
Last Agent to Sell the Property
Re/Max of Chico Brokerage Phone: 530-518-1413 License #01738682 Listed on: 03/05/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,926
Year Built
- Built in 1981
Lot Details
- 6,098 Sq Ft Lot
- No Common Walls
- Rectangular Lot
- Level Lot
- Back and Front Yard
Home Design
- Duplex
- Entry on the 1st floor
- Composition Roof
Interior Spaces
- 1,464 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- Double Pane Windows
- Electric Range
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
Outdoor Features
- Shed
- Outbuilding
Location
- Suburban Location
Utilities
- Ductless Heating Or Cooling System
- Cooling System Mounted To A Wall/Window
- Wall Furnace
Listing and Financial Details
- Tenant pays for electricity
- Legal Lot and Block 26 / 3
- Assessor Parcel Number 004351028000
- $624 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 2 Units
Building Details
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 2 Separate Water Meters
- Insurance Expense $719
- Trash Expense $276
- Water Sewer Expense $987
- Operating Expense $1,982
- Gross Income $32,400
- Net Operating Income $30,418
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 5, 2024
Closed on
Apr 16, 2024
Sold by
Tun Judson
Bought by
Tun Wai Wai Wai
Seller's Agent
Shane Collins
Re/Max of Chico
Buyer's Agent
Evie Feldman
Century 21 Select Real Estate, Inc.
List Price
$385,000
Sold Price
$400,000
Premium/Discount to List
$15,000
3.9%
Views
25
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
-$8,911
Avg. Annual Appreciation
0.80%
Original Mortgage
$307,336
Outstanding Balance
$303,353
Interest Rate
6.94%
Mortgage Type
New Conventional
Estimated Equity
$101,296
Purchase Details
Listed on
Mar 5, 2024
Closed on
Apr 15, 2024
Sold by
Blodget Thomas
Bought by
Tun Wai Wai
Seller's Agent
Shane Collins
Re/Max of Chico
Buyer's Agent
Evie Feldman
Century 21 Select Real Estate, Inc.
List Price
$385,000
Sold Price
$400,000
Premium/Discount to List
$15,000
3.9%
Views
25
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$307,336
Outstanding Balance
$303,353
Interest Rate
6.94%
Mortgage Type
New Conventional
Estimated Equity
$101,296
Purchase Details
Closed on
Jan 26, 2018
Sold by
Blodget Rosemary Sabino
Bought by
Blodget Thomas
Purchase Details
Closed on
Mar 23, 2012
Sold by
Friedman Robert N and Friedman Cindy L
Bought by
Friedman Robert N and Friedman Cindy L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,000
Interest Rate
3.83%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 22, 2004
Sold by
Friedman Robert N and Friedman Cindy L
Bought by
The Robert N & Cindy L Friedman Revocabl
Purchase Details
Closed on
Feb 12, 2004
Sold by
Reck Tom S and Reck Anne H
Bought by
Friedman Robert N and Friedman Cindy L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,000
Interest Rate
4.62%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Aug 16, 2002
Sold by
Reck Thomas S and Reck Anne H
Bought by
Reck Thomas S and Reck Anne H
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 |
|---|---|---|---|
| Tun Wai Wai Wai | -- | Fidelity National Title Compan | |
| Tun Wai Wai | $400,000 | Fidelity National Title Compan | |
| Blodget Thomas | -- | Bidwell Title & Escrow Co | |
| Friedman Robert N | -- | Fidelity National Title Co | |
| Friedman Robert N | -- | Fidelity National Title Co | |
| The Robert N & Cindy L Friedman Revocabl | -- | -- | |
| Friedman Robert N | $205,000 | Bidwell Title & Escrow Co | |
| Reck Thomas S | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Tun Wai Wai | $307,336 | |
| Previous Owner | Friedman Robert N | $137,000 | |
| Previous Owner | Friedman Robert N | $164,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/16/2024 04/16/24 | Sold | $400,000 | +3.9% | $273 / Sq Ft |
| 03/13/2024 03/13/24 | Pending | -- | -- | -- |
| 03/05/2024 03/05/24 | For Sale | $385,000 | -- | $263 / 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 |
|---|---|---|---|---|
| 2025 | $2,961 | $408,000 | $193,800 | $214,200 |
| 2024 | $2,961 | $266,604 | $150,593 | $116,011 |
| 2023 | $2,926 | $261,378 | $147,641 | $113,737 |
| 2022 | $2,879 | $256,254 | $144,747 | $111,507 |
| 2021 | $2,824 | $251,230 | $141,909 | $109,321 |
| 2020 | $2,816 | $248,655 | $140,454 | $108,201 |
| 2019 | $2,766 | $243,780 | $137,700 | $106,080 |
| 2018 | $2,713 | $239,000 | $110,000 | $129,000 |
| 2017 | $2,385 | $210,000 | $100,000 | $110,000 |
| 2016 | $2,116 | $200,000 | $100,000 | $100,000 |
| 2015 | $2,041 | $190,000 | $95,000 | $95,000 |
| 2014 | $1,768 | $165,000 | $95,000 | $70,000 |
Source: Public Records
Agents Affiliated with this Home
-
Shane Collins
-
Evie Feldman
Buyer's Agent in 2024
Evie Feldman
Century 21 Select Real Estate, Inc.
(530) 961-3400
1 in this area
36 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SN24044467
APN: 004-351-028-000
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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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