1072 Chestnut St Chico, CA 95928
Southwest Chico NeighborhoodEstimated Value: $568,000 - $720,000
8
Beds
7
Baths
3,078
Sq Ft
$209/Sq Ft
Est. Value
Highlights
- End Unit
- Lawn
- Neighborhood Views
- Chico Junior High School Rated A-
- No HOA
- Cooling Available
About This Home
As of November 2017Solid income-producing 4-plex just a quick walk/bike to CSUC. (3) 2-story units and (1) single story (front unit). 2-story units are 2-bed 2-bath with laundry hookups, living room, and small back patios. Bedrooms and 1-bath upstairs, half-bath with laundry downstairs, mini-split "ductless" AC located upstairs, carpet and vinyl or "LVP" luxury vinyl plank flooring. The single story unit is 2-bed 1-bath with living room, hardwood floors, no laundry, private off street parking, and a large front porch. ALL units have wall furnace heaters. NEW ext paint. New roof in 2013. Mostly newer appliances and renovated kitchens. 2 new water heaters. ALL UNITS currently rented. Total rents: $3,175/mo. Owner pays trash, water/sewer, landscaping. Very well maintained rental property with an extremely stable rental history. (Pro-forma rents: $3,600/mo)
Last Agent to Sell the Property
Chico Area Realty License #01870759 Listed on: 10/03/2017
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,655
Year Built
- Built in 1968
Lot Details
- 5,663 Sq Ft Lot
- End Unit
- Two or More Common Walls
- Wood Fence
- Level Lot
- Sprinkler System
- Lawn
Home Design
- Quadruplex
- Composition Roof
- Wood Siding
- Stucco
Interior Spaces
- 3,078 Sq Ft Home
- 2-Story Property
- Neighborhood Views
Bedrooms and Bathrooms
- 8 Bedrooms
- 7 Bathrooms
Laundry
- Laundry Room
- Washer and Gas Dryer Hookup
Parking
- 4 Open Parking Spaces
- 4 Parking Spaces
Outdoor Features
- Rain Gutters
Utilities
- Cooling Available
- Central Heating
- Overhead Utilities
- Natural Gas Connected
- Cable TV Available
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas, telephone
- Assessor Parcel Number 005089007000
Community Details
Overview
- No Home Owners Association
- 4 Units
Building Details
- 4 Leased Units
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $720
- Insurance Expense $1,000
- Professional Management Expense $2,667
- Trash Expense $1,204
- Water Sewer Expense $2,200
- New Taxes Expense $4,750
- Operating Expense $12,541
- Net Operating Income $25,559
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Feb 17, 2022
Sold by
Maurer Marie Paz B and Lloyd Craig
Bought by
Craig And Marie Maurer 2022 Trust
Total Days on Market
18
Current Estimated Value
Purchase Details
Listed on
Oct 3, 2017
Closed on
Nov 16, 2017
Sold by
Ford Lloyd
Bought by
Maurer Marie Paz B and Maurer Craig
Seller's Agent
John Lawrence
Chico Area Realty
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$475,000
Sold Price
$455,000
Premium/Discount to List
-$20,000
-4.21%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.70%
Original Mortgage
$273,000
Interest Rate
3.85%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 17, 2014
Sold by
Ford Alice
Bought by
Ford Lloyd
Purchase Details
Closed on
Jun 18, 2013
Sold by
Ford Lloyd
Bought by
Safe Rei Llc
Purchase Details
Listed on
Oct 8, 2012
Closed on
Dec 26, 2012
Sold by
Ford Alice Kathleen
Bought by
Ford Lloyd
Seller's Agent
Daniel Bosch
Re/Max of Chico
Buyer's Agent
John Lawrence
Chico Area Realty
List Price
$299,000
Sold Price
$299,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.36%
Original Mortgage
$224,250
Interest Rate
3.27%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 27, 2004
Sold by
Della Maggiore Nick and Della Maggiore Brenda
Bought by
Del Houle Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$287,000
Interest Rate
5.92%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Sep 23, 2003
Sold by
Maggiore Nick Della
Bought by
Del Houle Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
5.46%
Mortgage Type
Unknown
Purchase Details
Closed on
Aug 8, 2000
Sold by
Assemblies Of God Foundation
Bought by
Dellamaggiore Nick and Dellamaggiore Brenda
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$149,200
Interest Rate
8.5%
Purchase Details
Closed on
Jun 1, 2000
Sold by
Enns Hermann
Bought by
Assemblies Of God Foundation and The Herman Enns & Iris I Enns Charitable
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Craig And Marie Maurer 2022 Trust | -- | Buckingham Jason S | |
| Maurer Marie Paz B | $455,000 | Mid Valley Title & Esc Co | |
| Ford Lloyd | -- | Mid Valley Title & Escrow Co | |
| Ford Lloyd | $112,500 | Mid Valley Title & Escrow Co | |
| Safe Rei Llc | $149,500 | Mid Valley Title & Escrow Co | |
| Ford Lloyd | -- | Mid Valley Title & Escrow Co | |
| Ford Lloyd | $299,000 | Mid Valley Title & Escrow Co | |
| Del Houle Llc | $101,500 | Fidelity National Title Co | |
| Maggiore Nick Della | -- | Fidelity National Title Co | |
| Del Houle Llc | -- | Fidelity National Title Co | |
| Dellamaggiore Nick | $186,500 | Mid Valley Title & Escrow Co | |
| Assemblies Of God Foundation | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Maurer Marie Paz B | $273,000 | |
| Previous Owner | Ford Lloyd | $224,250 | |
| Previous Owner | Maggiore Nick Della | $287,000 | |
| Previous Owner | Maggiore Nick Della | $200,000 | |
| Previous Owner | Maggiore Nick Della | $154,000 | |
| Previous Owner | Dellamaggiore Nick | $149,200 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/24/2017 11/24/17 | Sold | $455,000 | -2.2% | $148 / Sq Ft |
| 10/21/2017 10/21/17 | Pending | -- | -- | -- |
| 10/18/2017 10/18/17 | Price Changed | $465,000 | -2.1% | $151 / Sq Ft |
| 10/03/2017 10/03/17 | For Sale | $475,000 | +58.9% | $154 / Sq Ft |
| 01/07/2013 01/07/13 | Sold | $299,000 | 0.0% | $97 / Sq Ft |
| 10/12/2012 10/12/12 | Pending | -- | -- | -- |
| 10/08/2012 10/08/12 | For Sale | $299,000 | -- | $97 / 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 |
|---|---|---|---|---|
| 2024 | $5,655 | $507,558 | $145,016 | $362,542 |
| 2023 | $5,589 | $498,407 | $142,173 | $356,234 |
| 2022 | $5,502 | $488,651 | $139,386 | $349,265 |
| 2021 | $5,395 | $479,086 | $136,653 | $342,433 |
| 2020 | $5,383 | $474,182 | $135,252 | $338,930 |
| 2019 | $5,288 | $464,900 | $132,600 | $332,300 |
| 2018 | $5,190 | $455,800 | $130,000 | $325,800 |
| 2017 | $4,255 | $373,598 | $119,088 | $254,510 |
| 2016 | $3,887 | $366,289 | $116,753 | $249,536 |
| 2015 | $3,886 | $360,800 | $115,000 | $245,800 |
| 2014 | $3,395 | $315,800 | $100,000 | $215,800 |
Source: Public Records
Agents Affiliated with this Home
-
John Lawrence
Seller's Agent in 2017
John Lawrence
Chico Area Realty
(530) 680-4207
1 in this area
45 Total Sales
-
NoEmail NoEmail
N
Buyer's Agent in 2017
NoEmail NoEmail
NONMEMBER MRML
(646) 541-2551
5,607 Total Sales
-
Daniel Bosch
Seller's Agent in 2013
Daniel Bosch
RE/MAX
(530) 321-8330
1 in this area
63 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SN17227807
APN: 005-089-007-000
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