NOT LISTED FOR SALE

Estimated Value: $302,000 - $347,000

3 Beds
2 Baths
880 Sq Ft
$363/Sq Ft Est. Value

Last Sold November 12, 2021

Last sale price $283,500 $322 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $1,944/month

72 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Laundry Room
  • Front Yard
  • Chico Junior High School Rated A-
  • Wall Furnace
  • 1-Story Property

About This Home

As of November 2021

Looking to add some residential income property to your portfolio? Look no further than this Barber Yard cutie! 3 bedrooms & 2 bathrooms with laundry facilities, located just blocks from CSUC and downtown. Currently leased until 6/15/2022. This is an AS-IS sell. PLEASE DO NOT DISTURB TENANTS.

Last Agent to Sell the Property

Steven Depa

Re/Max of Chico License #00813533 Listed on: 08/18/2021

Re/Max of Chico

Last Buyer's Agent

Jon Kressin

Kressin Real Estate License #01467065

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1905

Lot Details

  • 5,663 Sq Ft Lot
  • No Common Walls
  • Front Yard

Interior Spaces

  • 880 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Community Details

  • Rent Control
  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Insurance Expense $800
  • Trash Expense $435
  • New Taxes Expense $3,289
  • Operating Expense $4,524
  • Gross Income $1,645
  • Net Operating Income $15,216

Listing and Financial Details

  • Legal Lot and Block 3 / 7
  • Assessor Parcel Number 005095004000

Property Details

Home Type

Multi-Family

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Property Attached: No
  • Zoning: R3
  • Property Type: Residential Income
  • Parcel Number: 005095004000
  • Year Built: 1905
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 322.16

Exterior Features

  • Pool Private: No

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 435.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 5663.00
  • Lot Size Acres: 0.1300

Multi Family

  • Gross Income: 1645.00
  • Gross Scheduled Income: 19740.00
  • Insurance Expense: 800.00
  • Lot Size Area: 5663.0000 Square Feet
  • Net Operating Income: 15216.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 1
  • Operating Expense: 4524.00
  • Rent Control: Yes
  • Total Expenses: 4524.00

Tax Info

  • New Taxes Expense: 3289.00
  • Tax Block: 7
  • Tax Census Tract: 12.00
  • Tax Lot: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 18, 2021
Closed on
Nov 3, 2021
Sold by
Campos Properties Limited Partnership
Bought by
Kressin Jonathan and Kressin Megan
Seller's Agent
Steven Depa
Re/Max of Chico
Buyer's Agent
Jon Kressin
Kressin Real Estate
List Price
$299,000
Sold Price
$283,500
Premium/Discount to List
-$15,500
-5.18%
Current Estimated Value
$319,341

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$35,841
Avg. Annual Appreciation
2.91%

Purchase Details

Closed on
Mar 11, 2019
Sold by
Busick Michael G and Busick Catherine A
Bought by
Campos Properties Limited Partnership

Purchase Details

Closed on
Dec 4, 2012
Sold by
Busick Michael G and Busick Catherine A
Bought by
Busick Michael G and Busick Catherine A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,750
Interest Rate
3.36%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 14, 2005
Sold by
Busick Michael G and Busick Catherine A
Bought by
Busick Michael G and Busick Catherine A

Purchase Details

Closed on
May 10, 2005
Sold by
Ferrari John J and Ferrari Laurette L
Bought by
Busick Michael G and Busick Catherine A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Interest Rate
5.74%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Aug 12, 2003
Sold by
Knadle David Brian and D Brian Knadle Trust
Bought by
Ferrari John J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$154,400
Interest Rate
5.29%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 3, 2001
Sold by
Funk Autumn
Bought by
Knadle David Brian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,000
Interest Rate
7.1%

Purchase Details

Closed on
Dec 20, 1998
Sold by
Funk Kesham and Funk Autumn
Bought by
Funk Autumn

Purchase Details

Closed on
Nov 24, 1997
Sold by
Funk Kesham and Jennings Kesham
Bought by
Funk Kesham and Funk Autumn
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Kressin Jonathan $283,500 Mid Valley Title & Escrow Co
Campos Properties Limited Partnership $235,500 Mid Valley T&E Co
Busick Michael G -- Fidelity National Title Co
Busick Michael G -- Fidelity National Title Co
Busick Michael G -- Fidelity Natl Title Co Of Ca
Busick Michael G $230,000 Fidelity Natl Title Co Of Ca
Ferrari John J $193,000 Fidelity Natl Title Of Ca
Knadle David Brian $115,000 Bidwell Title
Funk Autumn -- --
Funk Kesham -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Busick Michael G $138,750
Previous Owner Busick Michael G $165,000
Previous Owner Ferrari John J $154,400
Previous Owner Knadle David Brian $92,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/12/2021 11/12/21 Sold $283,500 -5.2% $322 / Sq Ft
10/29/2021 10/29/21 Pending -- -- --
09/08/2021 09/08/21 For Sale $299,000 0.0% $340 / Sq Ft
08/26/2021 08/26/21 Pending -- -- --
08/18/2021 08/18/21 For Sale $299,000 -- $340 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $3,290 $300,851 $169,793 $131,058
2024 $3,290 $294,953 $166,464 $128,489
2023 $3,251 $289,170 $163,200 $125,970
2022 $3,202 $283,500 $160,000 $123,500
2021 $2,744 $242,698 $123,668 $119,030
2020 $2,739 $240,210 $122,400 $117,810
2019 $2,969 $260,000 $140,000 $120,000
2018 $2,519 $220,000 $130,000 $90,000
2017 $2,514 $220,000 $110,000 $110,000
2016 $2,080 $195,000 $95,000 $100,000
2015 $2,110 $195,000 $95,000 $100,000
2014 $1,935 $179,000 $95,000 $84,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN21180746

California Regional Multiple Listing Service (CRMLS)

APN: 005-095-004-000