NOT LISTED FOR SALE

1031 Arbutus Ave Chico, CA 95926

Estimated Value: $580,106 - $734,000

3 Beds
3.5 Baths
1,502 Sq Ft
$429/Sq Ft Est. Value

Last Sold November 03, 2020

Last sale price $555,000 $370 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $3,902/month

40 Days on Market

Highlights

  • Art Studio
  • Dual Staircase
  • Property is near public transit
  • Neal Dow Elementary School Rated A-
  • Deck
  • Wood Flooring

About This Home

As of November 2020

LOCATION! LOCATION! LOCATION! This unique property has so many possibilities, that it truly must be seen to be appreciated. It's a short distance to Bidwell Park, downtown, Farmer's Market, coffee shops and restaurants with easy access to Hwy 99. The backyard is beautiful, with several shaded decks & bountiful mandarin and lemon tree. The property features a charming main house with beautiful, pristine oak wood floors, big living room with coved ceiling, dining room with French doors that open to a sweet bonus room with a gas fireplace, 2 bedrooms, and 2 full baths. A two car garage offers additional storage space. Up the exterior stairs is a third bedroom with a deck and a 1/2 bath. This room would also make an excellent office or home school area. Out the back door, across the lush yard, is another large building that could also serve as a huge bedroom which includes a full bath. This space could also be a wonderful in-law unit or rental with Chico city approval. One wall has been pre-plumbed to accommodate a kitchen/kitchenette. It also lends itself as an office, classroom, hobby/craft room, library or many other possibilities. A big art studio/shop features large doors that open to provide for easy alley access. The price per sq. ft. for this property fails to take into account the large living spaces. If a unique, custom, vintage and well maintained property in one of Chico's most desirable neighborhoods is of interest to you, come and view this property.

Last Agent to Sell the Property

Bill Campbell

W.M. Campbell Real Estate License #01070899 Listed on: 08/15/2020

Co-Listed By

Kym Campbell

W.M. Campbell Real Estate License #01074190

Last Buyer's Agent

Heather Gorman

Willow & Birch Realty, Inc License #02043356

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1951

Lot Details

  • 0.3 Acre Lot
  • Back and Front Yard
  • Property is zoned R1

Parking

  • 2 Car Attached Garage
  • 4 Open Parking Spaces
  • Parking Available
  • Two Garage Doors
  • Driveway Level

Home Design

  • Composition Roof

Interior Spaces

  • 1,502 Sq Ft Home
  • 2-Story Property
  • Dual Staircase
  • Built-In Features
  • Beamed Ceilings
  • Living Room
  • Dining Room
  • Art Studio
  • Workshop
  • Neighborhood Views

Kitchen

  • Gas Range
  • Dishwasher
  • Tile Countertops

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms | 2 Main Level Bedrooms
  • Bathtub
  • Walk-in Shower

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Outdoor Features

  • Deck
  • Open Patio
  • Outbuilding
  • Rear Porch

Location

  • Property is near public transit
  • Urban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Wall Furnace
  • Natural Gas Connected
  • Gas Water Heater
  • Phone Available
  • Cable TV Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 2
  • Assessor Parcel Number 003492002000

Home Details

Home Type

Single Family

Year Built

Built in 1951

Lot Details

0

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • View: Yes
  • Zoning: R1
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 003492002000
  • Year Built: 1951
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1502.00 Square Feet
  • Interior Amenities: 2 Staircases, Beamed Ceilings, Built-in Features
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet, Vinyl, Wood
  • Appliances: Yes
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Eating Area: Dining Room
  • Levels: One, Two
  • Main Level Bathrooms: 3
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 369.51
  • Room Type: Art Studio, Kitchen, Living Room, Workshop
  • Bathroom Features: Bathtub, Shower
  • Room Kitchen Features: Tile Counters

Exterior Features

  • Patio: Yes
  • Other Structures: Outbuilding
  • View: Neighborhood
  • Patio And Porch Features: Deck, Patio, Patio Open, Rear Porch
  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Concrete, Driveway Level, Garage - Two Door
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Range, Gas Water Heater, Refrigerator
  • Heating Type: Central, Wall Furnace, Forced Air, Natural Gas
  • Laundry Features: Gas & Electric Dryer Hookup, Inside, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air, Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Lot 10000-19999 Sqft, Near Public Transit
  • Lot Size Sq Ft: 13068.00
  • Lot Size Acres: 0.3000

Multi Family

  • Lease Considered: No
  • Lot Size Area: 13068.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 7.00
  • Tax Lot: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 15, 2020
Closed on
Oct 22, 2020
Sold by
Vermette Debra and Sturm Douglas
Bought by
Battershell Rachel and Battershell Mary
Seller's Agent
Bill Campbell
W.M. Campbell Real Estate
Buyer's Agent
Heather Gorman
Willow & Birch Realty, Inc
List Price
$615,000
Sold Price
$555,000
Premium/Discount to List
-$60,000
-9.76%
Current Estimated Value
$643,777

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$88,777
Avg. Annual Appreciation
2.90%
Original Mortgage
$355,000
Outstanding Balance
$315,178
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$328,599

Purchase Details

Closed on
Aug 11, 2020
Sold by
Vermette Debra and Sturm Orville M
Bought by
Vermette Debra and Sturm Douglas

Purchase Details

Closed on
Nov 22, 1999
Sold by
Sturm Orville M and Sturm Ada M
Bought by
Sturm Orville M and Sturm Ada M

Purchase Details

Closed on
Feb 24, 1997
Sold by
Sturm O M and Sturm Ada M
Bought by
Sturm Orville M and Sturm Ada M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$67,000
Interest Rate
7.86%
Mortgage Type
Balloon
Source: Public Records

Range of Values:

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

Date Buyer Sale Price Title Company
Battershell Rachel $555,000 Mid Valley Title
Vermette Debra -- None Available
Sturm Orville M -- --
Sturm Orville M -- Bidwell Title & Escrow Compa
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Battershell Rachel $355,000
Previous Owner Sturm Orville M $67,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/03/2020 11/03/20 Sold $555,000 -0.7% $370 / Sq Ft
09/24/2020 09/24/20 Pending -- -- --
09/17/2020 09/17/20 Price Changed $559,000 -5.1% $372 / Sq Ft
08/26/2020 08/26/20 Price Changed $589,000 -4.2% $392 / Sq Ft
08/15/2020 08/15/20 For Sale $615,000 -- $409 / 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 $6,433 $600,747 $205,661 $395,086
2024 $6,433 $588,969 $201,629 $387,340
2023 $6,355 $577,422 $197,676 $379,746
2022 $6,268 $566,100 $193,800 $372,300
2021 $6,149 $555,000 $190,000 $365,000
2020 $2,740 $249,421 $107,215 $142,206
2019 $2,688 $244,531 $105,113 $139,418
2018 $2,638 $239,737 $103,052 $136,685
2017 $2,582 $235,037 $101,032 $134,005
2016 $2,356 $230,429 $99,051 $131,378
2015 $2,355 $226,969 $97,564 $129,405
2014 $2,296 $222,524 $95,653 $126,871
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN20161105

California Regional Multiple Listing Service (CRMLS)

APN: 003-492-002-000