NOT LISTED FOR SALE

Estimated Value: $365,000 - $408,000

4 Beds
2 Baths
1,476 Sq Ft
$262/Sq Ft Est. Value

Last Sold January 07, 2021

Last sale price $350,000 $237 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $2,503/month

8 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Laundry Room
  • Chico Junior High School Rated A-
  • Evaporated cooling system
  • Bungalow

About This Home

As of January 2021

Location, Location, Location. A must-see 4/2 with a basement for your parent/student investor. Corner lot centrally located and just a few blocks from CSUC. Currently leased until Dec 2020. Rents are $1600 a month. The market suggested that this place should be renting for $2,000. ALWAYS RENTED. The property has the potential for an additional dwelling unit and is zoned commercial. There is a lot of upsides available. The property 1120 W 4th St is also available.

Last Agent to Sell the Property

Matthew Herman

Keller Williams Realty Chico Area License #01505777 Listed on: 11/10/2020

Keller Williams Realty Chico Area

Last Buyer's Agent

David Junco

City of Trees Realty License #01412310

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,110

Year Built

  • Built in 1941

Lot Details

  • 7,841 Sq Ft Lot
  • No Common Walls
  • Wood Fence
  • Density is up to 1 Unit/Acre

Home Design

  • 1,476 Sq Ft Home
  • Bungalow
  • Composition Roof

Flooring

  • Wood
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • 220 Volts In Laundry
  • Washer and Electric Dryer Hookup

Outdoor Features

  • Exterior Lighting

Utilities

  • Evaporated cooling system
  • Cooling System Mounted To A Wall/Window
  • Underground Utilities
  • Natural Gas Connected
  • Sewer Paid
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 004111006000

Community Details

Overview

  • No Home Owners Association

Recreation

  • Bike Trail

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Gardener Expense $135
  • Trash Expense $430
  • Operating Expense $2,050
  • Gross Income $19,200
  • Net Operating Income $15,530

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,110

Year Built

Built in 1941

Lot Details

0

Listing Details

  • Property Attached: No
  • Architectural Style: Bungalow
  • Property Type: Residential Income
  • Gardener Expense: 135.00
  • Parcel Number: 004111006000
  • Year Built: 1941
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Flooring: Tile, Vinyl, Wood
  • Price Per Square Foot: 237.13

Exterior Features

  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Underground Utilities
  • Laundry: Yes
  • Electric: 220 Volts in Laundry
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Sewer: Sewer Paid
  • Trash Expense: 430.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s), Evaporative Cooling
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7841.00
  • Lot Size Acres: 0.1800

Multi Family

  • Gross Income: 19200.00
  • Gross Scheduled Income: 19200.00
  • Lot Size Area: 7841.0000 Square Feet
  • Net Operating Income: 15530.00
  • 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: 3670.00
  • Rent Control: No
  • Total Expenses: 2050.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 11, 2022
Sold by
Richardson Living Trust
Bought by
Department Of Transportation
Total Days on Market
8
Current Estimated Value
$386,786

Purchase Details

Closed on
May 24, 2021
Sold by
Richardson Michael and Richardson Denise
Bought by
Richardson Michael and Richardson Denise

Purchase Details

Listed on
Nov 10, 2020
Closed on
Jan 4, 2021
Sold by
Lindquist Janice and Janice Lindquist Separate Prop
Bought by
Richardson Michael and Richardson Denise
Seller's Agent
Matthew Herman
Keller Williams Realty Chico Area
Buyer's Agent
David Junco
City of Trees Realty
List Price
$350,000
Sold Price
$350,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.24%
Original Mortgage
$262,500
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 19, 2017
Sold by
Lindquist Janice
Bought by
Lindquist Janice and The Janice Lindquist Separate

Purchase Details

Closed on
Dec 22, 2014
Sold by
Lindquist Janice
Bought by
Lindquist Janice and Mendonca Family Trust

Purchase Details

Closed on
Aug 22, 2011
Sold by
Mendonca William and Mendonca Leonila
Bought by
Mendonca William and Mendonca Leonila R
Source: Public Records

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Range of Values:

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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
Department Of Transportation -- --
Richardson Michael -- None Available
Richardson Michael $350,000 Timios Title A Ca Corp
Lindquist Janice -- None Available
Lindquist Janice -- None Available
Mendonca William -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Richardson Michael $262,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/07/2021 01/07/21 Sold $350,000 0.0% $237 / Sq Ft
11/10/2020 11/10/20 For Sale $350,000 -- $237 / 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
2024 $4,110 $371,422 $169,793 $201,629
2023 $4,061 $364,140 $166,464 $197,676
2022 $3,996 $357,000 $163,200 $193,800
2021 $2,947 $262,794 $126,141 $136,653
2020 $1,506 $132,793 $82,107 $50,686
2019 $1,478 $130,191 $80,498 $49,693
2018 $1,452 $127,639 $78,920 $48,719
2017 $1,422 $125,137 $77,373 $47,764
2016 $1,298 $122,684 $75,856 $46,828
2015 $1,298 $120,842 $74,717 $46,125
2014 $1,267 $118,476 $73,254 $45,222
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN20237214

California Regional Multiple Listing Service (CRMLS)

APN: 004-111-006-000