NOT LISTED FOR SALE

Estimated Value: $661,000 - $794,000

12 Beds
8 Baths
3,840 Sq Ft
$189/Sq Ft Est. Value

Last Sold May 10, 2019

Last sale price $596,000 $155 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $4,339/month

6 Days on Market

Highlights

  • Laundry Room
  • Tile Flooring
  • Central Heating
  • Chico Junior High School Rated A-
  • Landscaped

About This Home

As of May 2019

4-plex close to Chico State. Spacious 3/2 units in good condition. Newer roof. Plenty of on site parking. Operating expenses are an estimate. Pest inspection has been done. The information contained herein has been obtained through sources deemed reliable but cannot be guaranteed as to its accuracy. Sq. ft., bed/baths , & lot size taken from public records. Buyer is advised to investigate to their satisfaction.

Last Agent to Sell the Property

Debbie Maderos

Parkway Real Estate Co. License #01097412 Listed on: 04/10/2019

Last Buyer's Agent

Wren Jones

Parkway Real Estate Co. License #02017208

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1989

Lot Details

  • 0.26 Acre Lot
  • 1 Common Wall
  • Landscaped

Home Design

  • Quadruplex
  • Composition Roof

Interior Spaces

  • 3,840 Sq Ft Home
  • 2-Story Property
  • Electric Range
  • Laundry Room

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 8 Bathrooms

Parking

  • Parking Available
  • On-Site Parking

Additional Features

  • Exterior Lighting
  • Central Heating

Listing and Financial Details

  • Assessor Parcel Number 043162014000

Community Details

Overview

  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Insurance Expense $1,710
  • Trash Expense $990
  • New Taxes Expense $6,000
  • Operating Expense $10,000
  • Gross Income $50,580
  • Net Operating Income $40,580

Property Details

Home Type

Multi-Family

Year Built

Built in 1989

Lot Details

0.26 Acres

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Zoning: R3
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 043162014000
  • Year Built: 1989
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 155.21

Exterior Features

  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Parking: Yes
  • Parking Features: On Site

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Electric Range, Refrigerator
  • Heating Type: Central
  • Laundry Features: In Closet
  • Sewer: Public Sewer
  • Trash Expense: 990.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped
  • Lot Size Sq Ft: 11326.00
  • Lot Size Acres: 0.2600

Multi Family

  • Gross Income: 50580.00
  • Gross Scheduled Income: 50580.00
  • Insurance Expense: 1710.00
  • Lot Size Area: 11326.0000 Square Feet
  • Net Operating Income: 40580.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 10000.00
  • Rent Control: Yes
  • Total Expenses: 10000.00

Tax Info

  • New Taxes Expense: 6000.00
  • Tax Census Tract: 6.04

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 10, 2019
Closed on
May 13, 2019
Sold by
Escobar Timothy and Currie Aaron
Bought by
Ajt Holdings Llc
Seller's Agent
Debbie Maderos
Parkway Real Estate Co.
Buyer's Agent
Wren Jones
Parkway Real Estate Co.
List Price
$595,000
Sold Price
$596,000
Premium/Discount to List
$1,000
0.17%
Current Estimated Value
$727,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$131,500
Avg. Annual Appreciation
2.99%
Original Mortgage
$447,000
Outstanding Balance
$391,399
Interest Rate
4%
Mortgage Type
New Conventional
Estimated Equity
$336,101

Purchase Details

Listed on
Apr 10, 2019
Closed on
May 6, 2019
Sold by
Currie Lacey
Bought by
Currie Aaron
Seller's Agent
Debbie Maderos
Parkway Real Estate Co.
Buyer's Agent
Wren Jones
Parkway Real Estate Co.
List Price
$595,000
Sold Price
$596,000
Premium/Discount to List
$1,000
0.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$447,000
Outstanding Balance
$391,399
Interest Rate
4%
Mortgage Type
New Conventional
Estimated Equity
$336,101

Purchase Details

Closed on
Jan 2, 2015
Sold by
Brooks Richard H and Brooks Jane S
Bought by
Maderos Matthew G and Maderos 2005 Family Revocable Trust

Purchase Details

Closed on
May 20, 2009
Sold by
Brooks Richard H and Brooks Jane S
Bought by
Brooks Richard H and Brooks Jane S

Purchase Details

Closed on
Apr 8, 2005
Sold by
Maderos Matthew G
Bought by
Maderos Matthew G and The Maderos 2005 Family Revocable Trust

Purchase Details

Closed on
Dec 9, 1998
Sold by
Maderos and Brooks
Bought by
Brooks Richard H and Brooks Jane S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
6.78%

Purchase Details

Closed on
Jul 1, 1998
Sold by
Brooks Richard H and Brooks Jane S
Bought by
Maderos Brooks

Purchase Details

Closed on
Mar 13, 1998
Sold by
Wells Fargo Bank
Bought by
Brooks Richard H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,800
Interest Rate
7%

Purchase Details

Closed on
Mar 3, 1998
Sold by
Fogarty Thomas V
Bought by
Wells Fargo Bank

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,800
Interest Rate
7%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Ajt Holdings Llc $74,500 Mid Valley Title & Escrow Co
Currie Aaron -- Mid Valley Title & Escrow Co
Escobar Timothy -- Mid Valley Title & Escrow Co
Escobar Timothy $596,000 Mid Valley Title & Escrow Co
Maderos Matthew G $87,000 Mid Valley Title & Escrow Co
Brooks Richard H -- None Available
Maderos Matthew G -- --
Brooks Richard H $282,000 Mid Valley Title & Escrow Co
Maderos Brooks $136,000 Fidelity National Title Co
Brooks Richard H $136,000 Fidelity National Title Co
Wells Fargo Bank $117,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Escobar Timothy $447,000
Previous Owner Brooks Richard H $105,000
Previous Owner Brooks Richard H $108,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/10/2019 05/10/19 Sold $596,000 +0.2% $155 / Sq Ft
04/16/2019 04/16/19 Pending -- -- --
04/10/2019 04/10/19 For Sale $595,000 -- $155 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $7,228 $664,613 $184,057 $480,556
2024 $7,228 $649,622 $180,449 $469,173
2023 $7,143 $638,885 $176,911 $461,974
2022 $7,030 $626,398 $173,443 $452,955
2021 $6,898 $614,156 $170,043 $444,113
2020 $6,879 $607,880 $168,300 $439,580
2019 $3,489 $306,246 $98,252 $207,994
2018 $3,426 $300,281 $96,326 $203,955
2017 $3,388 $294,434 $94,438 $199,996
2016 $3,098 $288,701 $92,587 $196,114
2015 $1,951 $176,780 $57,388 $119,392
2014 $1,905 $173,357 $56,264 $117,093
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN19080969

California Regional Multiple Listing Service (CRMLS)

APN: 043-162-014-000

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