NOT LISTED FOR SALE
5 Beds
3 Baths
1,900 Sq Ft
5,227 Sq Ft Lot

Sale Details

Date Sold: May 8, 2020

Last sale price $295,000 $155 Per Sq Ft

6 Days on Market

Highlights

  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas
  • Chico Junior High School Rated A-
  • Level Lot

About This Home

As of May 2020

Triplex in downtown Chico 10 blocks from Chico State’s Campus. The property consists of two units that are 2 bedroom and 1 bath, and one unit that is 1 bedroom and 1 bath. The property is structurally sound, has newer dual pane windows, and is connected to city sewer. Inside the building the units need repairs and improvements, such as new carpet and vinyl, new paint, new fixtures, and new cabinets. The price has been discounted accordingly for the deferred maintenance. Seller is not interested in low-ball offers.

Last Agent to Sell the Property

Mike McCrady

Michael McCrady, Broker License #01234296 Listed on: 04/12/2020

Last Buyer's Agent

Aaron Jay

City of Trees Realty License #01927255

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 5,227 Sq Ft Lot
  • No Common Walls
  • Level Lot

Home Design

  • 1,900 Sq Ft Home
  • Composition Roof

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Parking

  • Parking Available
  • Driveway

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 2 / 2
  • Assessor Parcel Number 005131006000

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,200
  • Trash Expense $30
  • Water Sewer Expense $115
  • New Taxes Expense $2,800
  • Operating Expense $4,145
  • Gross Income $27,055
  • Net Operating Income $27,055

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

5,227 Sq Ft Lot

Listing Details

  • CapRate: 9.50
  • Property Attached: No
  • Water Sewer Expenses: 115.00
  • Zoning: R3
  • Property Type: Residential Income
  • Parcel Number: 005131006000
  • Year Built: 1900
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Price Per Square Foot: 155.26

Exterior Features

  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway

Utilities

  • Heating: Yes
  • Laundry: No
  • Heating Type: Wall Furnace, Natural Gas
  • Sewer: Public Sewer
  • Trash Expense: 30.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street
  • Lot Size Sq Ft: 5227.00
  • Lot Size Acres: 0.1200

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 27055.00
  • Gross Multiplier: 9.13
  • Gross Scheduled Income: 31200.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 5227.0000 Square Feet
  • Net Operating Income: 27055.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 4145.00
  • Rent Control: Yes
  • Total Expenses: 4145.00

Tax Info

  • New Taxes Expense: 2800.00
  • Tax Block: 2
  • Tax Census Tract: 12.00
  • Tax Lot: 2

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 13, 2021
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,250
Interest Rate
0.03%
Mortgage Type
Commercial

Purchase Details

Listed on
Apr 12, 2020
Closed on
Apr 30, 2020
Sold by
Bought by
Seller's Agent
Mike McCrady
Michael McCrady, Broker
Buyer's Agent
Aaron Jay
City of Trees Realty
List Price
$285,000
Sold Price
$295,000
Premium/Discount to List
$10,000
3.51%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$243,000
Interest Rate
0.035%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 19, 2011
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,000
Interest Rate
0.0415%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 28, 2001
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$23,000
Interest Rate
0.0721%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 14, 2001
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$23,000
Interest Rate
0.0721%
Mortgage Type
Purchase Money Mortgage
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Mid Valley Title & Escrow Co
$295,000 Mid Valley T&E Co
-- Multiple
-- Bidwell Title
$124,000 Bidwell Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $247,250
Closed $243,000
Previous Owner $137,000
Previous Owner $120,000
Previous Owner $23,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
05/08/2020 05/08/20 Sold $295,000 0.0% $155 / Sq Ft
04/18/2020 04/18/20 Pending -- -- --
04/18/2020 04/18/20 Off Market $295,000 -- --
04/12/2020 04/12/20 For Sale $285,000 -- $150 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $3,538 $322,622 $164,045 $158,577
2024 $3,538 $316,297 $160,829 $155,468
2023 $3,496 $310,096 $157,676 $152,420
2022 $3,442 $304,017 $154,585 $149,432
2021 $3,374 $298,056 $151,554 $146,502
2020 $1,925 $167,480 $81,039 $86,441
2019 $1,893 $164,197 $79,450 $84,747
2018 $1,857 $160,979 $77,893 $83,086
2017 $1,816 $157,823 $76,366 $81,457
2016 $1,661 $154,729 $74,869 $79,860
2015 $1,660 $152,406 $73,745 $78,661
2014 $1,625 $149,422 $72,301 $77,121
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN20072363

California Regional Multiple Listing Service (CRMLS)

APN: 005-131-006

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