Seller's Agent in 2022
Spencer Moyer
Alive Commercial Real Estate
(858) 922-4181
1 in this area
7 Total Sales
1041 W 9th St Chico, CA 95928
South Campus NeighborhoodEstimated Value: $830,608 - $1,117,000
4
Beds
8
Baths
4,216
Sq Ft
$222/Sq Ft
Est. Value
Highlights
- Laundry Room
- Central Heating and Cooling System
- Bike Trail
- Chico Junior High School Rated A-
About This Home
As of October 20221041 W 9th Street is a 4-unit multifamily property located in Chico, CA. Built in 1981, the property is comprised of (4) four-bedroom two-bathroom flats with sizeable floor plans of approximately 1,054 square feet each. The building is comprised of a stucco exterior, pitched composition shingle roof, dual pane windows, central HVAC and a concrete slab foundation. Comparable market data shows current rents are below market, allowing a new owner to achieve strong cash flow with minimal capital improvements going forward.
Last Agent to Sell the Property
Alive Commercial Real Estate License #01940191 Listed on: 08/12/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,386
Year Built
- Built in 1981
Lot Details
- 8,712 Sq Ft Lot
- Two or More Common Walls
- Density is up to 1 Unit/Acre
Home Design
- Property Attached
- Composition Roof
Interior Spaces
- 4 Bedrooms
- 4,216 Sq Ft Home
- 2-Story Property
- Laundry Room
Parking
- 9 Open Parking Spaces
- 9 Parking Spaces
Utilities
- Central Heating and Cooling System
Listing and Financial Details
- Assessor Parcel Number 004290015000
Community Details
Recreation
- Bike Trail
Building Details
- 4 Leased Units
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 4 Separate Water Meters
- Electric Expense $800
- Insurance Expense $1,800
- Professional Management Expense $3,480
- Trash Expense $3,922
- Water Sewer Expense $900
- Operating Expense $27,745
- Gross Income $71,760
- Net Operating Income $41,862
Additional Features
- 4 Units
- Laundry Facilities
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 12, 2022
Closed on
Dec 5, 2022
Sold by
Madrigal Miguel A and Madrigal Jessica N
Bought by
Mme Enterprises Llc
Seller's Agent
Spencer Moyer
Alive Commercial Real Estate
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$925,000
Sold Price
$825,000
Premium/Discount to List
-$100,000
-10.81%
Views
14
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
$110,152
Avg. Annual Appreciation
1.58%
Purchase Details
Listed on
Aug 12, 2022
Closed on
Oct 18, 2022
Sold by
Brk Holdings Llc
Bought by
Madrigal Miguel A and Madrigal Jessica N
Seller's Agent
Spencer Moyer
Alive Commercial Real Estate
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$925,000
Sold Price
$825,000
Premium/Discount to List
-$100,000
-10.81%
Views
14
Purchase Details
Closed on
Jun 11, 2004
Sold by
Knoll Robert and Knoll Suzanne
Bought by
Brk Holdings Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
3.92%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Apr 21, 2004
Sold by
Shukla Rattan and Shukla Sunita
Bought by
Knoll Robert
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
3.92%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Nov 13, 1997
Sold by
Wells Fargo Bank Na
Bought by
Shukla Rattan and Shukla Sunita
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,000
Interest Rate
7.19%
Purchase Details
Closed on
Jan 31, 1997
Sold by
Paul C Rosenbaum Realtors Inc
Bought by
Wells Fargo Bank Na
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 |
|---|---|---|---|
| Mme Enterprises Llc | -- | -- | |
| Madrigal Miguel A | $825,000 | First American Title | |
| Brk Holdings Llc | -- | Mid Valley Title & Escrow Co | |
| Knoll Robert | $450,000 | Mid Valley Title & Escrow Co | |
| Shukla Rattan | $155,000 | Fidelity National Title Co | |
| Wells Fargo Bank Na | $231,533 | First American Title Ins Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Brk Holdings Llc | $343,000 | |
| Previous Owner | Knoll Robert | $360,000 | |
| Previous Owner | Shukla Rattan | $124,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/25/2022 10/25/22 | Sold | $825,000 | -10.8% | $196 / Sq Ft |
| 08/23/2022 08/23/22 | Pending | -- | -- | -- |
| 08/12/2022 08/12/22 | For Sale | $925,000 | -- | $219 / 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 | $9,329 | $858,208 | $166,464 | $691,744 |
| 2024 | $9,329 | $838,440 | $163,200 | $675,240 |
| 2023 | $9,220 | $825,000 | $160,000 | $665,000 |
| 2022 | $6,645 | $591,068 | $144,479 | $446,589 |
| 2021 | $6,517 | $579,480 | $141,647 | $437,833 |
| 2020 | $6,501 | $573,539 | $140,195 | $433,344 |
| 2019 | $6,386 | $562,295 | $137,447 | $424,848 |
| 2018 | $6,268 | $551,270 | $134,752 | $416,518 |
| 2017 | $6,138 | $540,461 | $132,110 | $408,351 |
| 2016 | $5,604 | $529,865 | $129,520 | $400,345 |
| 2015 | $4,570 | $425,000 | $130,000 | $295,000 |
| 2014 | $4,076 | $380,000 | $130,000 | $250,000 |
Source: Public Records
Agents Affiliated with this Home
-
Spencer Moyer
-
NoEmail NoEmail
N
Buyer's Agent in 2022
NoEmail NoEmail
NONMEMBER MRML
(646) 541-2551
5,851 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SN22178084
APN: 004-290-015-000
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