NOT LISTED FOR SALE
5 Beds
4 Baths
2,900 Sq Ft
0.25 Acres

Last Sold August 21, 2020

Last sale price $585,000 $202 Per Sq Ft

58 Days on Market

Highlights

  • Property is near public transit
  • No HOA
  • Laundry Room
  • Chico Junior High School Rated A-
  • Solar owned by a third party
  • Central Heating and Cooling System

About This Home

As of August 2020

Very cool property featuring two homes on one lot with each home having its own 2-car garage. The front house is an original farm house from a local ranch that underwent a major renovation 15 years ago so it has an updated kitchen and bathrooms, but retains much of its original character with original wood windows, doors and hardware. The home features 3 bedrooms, 2 full baths, an office that has been used as a 4th bedroom, a formal dining room, separate family room, a laundry room and a large unfinished basement. There is a fully fenced private yard at the back of which is the detached 2 car garage, and the garage has attic storage accessed by a pull down ladder. At the rear of the property is a 2009 built home that features 2 bedrooms, 2 full bathrooms, a laundry room, open kitchen and living room with vaulted ceilings, and a 2 car garage. The back house is accessed off of the alley, which is fully improved with cement from E 1st Ave. The property is located in the East Avenues and is walking distance to restaurants, cafes, shops and grocery stores. The property is also just a short bike ride away from Chico High School, Chico State, and downtown Chico. The property next store, 1160 Palm Ave, is also listed for sale.

Last Agent to Sell the Property

Mike McCrady

Michael McCrady, Broker License #01234296 Listed on: 04/21/2020

Last Buyer's Agent

Brian Littrell

CBCNorcal License #01350075

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2009

Lot Details

  • 0.25 Acre Lot
  • No Common Walls
  • Rectangular Lot
  • Level Lot

Parking

  • 4 Car Garage
  • 4 Open Parking Spaces
  • Parking Available
  • Driveway

Interior Spaces

  • 2,900 Sq Ft Home
  • 3-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Additional Features

  • Solar owned by a third party
  • Rain Gutters
  • Property is near public transit
  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for all utilities, sewer, trash collection, water
  • Tax Lot 2
  • Assessor Parcel Number 003111020000

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 2 Units

Building Details

  • 2 Leased Units
  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Gardener Expense $1,800
  • Insurance Expense $1,800
  • Trash Expense $360
  • Water Sewer Expense $840
  • New Taxes Expense $6,325
  • Operating Expense $11,125
  • Gross Income $39,000
  • Net Operating Income $27,875

Property Details

Home Type

Multi-Family

Year Built

Built in 2009

Lot Details

0

Parking

4

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 840.00
  • Zoning: R3
  • Property Type: Residential Income
  • Gardener Expense: 1800.00
  • Parcel Number: 003111020000
  • Year Built: 2009
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 3
  • Common Walls: No Common Walls
  • Levels: Three Or More
  • Price Per Square Foot: 201.72

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Driveway, Concrete, Garage
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Electric: Photovoltaics Third-Party Owned
  • Heating Type: Central
  • Laundry Features: Individual Room, Inside
  • Sewer: Public Sewer
  • Trash Expense: 360.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street, Rectangular Lot, Near Public Transit
  • Lot Size Sq Ft: 10890.00
  • Lot Size Acres: 0.2500

Rental Info

  • Tenant Pays: All Utilities, Sewer, Trash Collection, Water

Multi Family

  • Gross Income: 39000.00
  • Gross Scheduled Income: 39000.00
  • Insurance Expense: 1800.00
  • Lot Size Area: 10890.0000 Square Feet
  • Net Operating Income: 27875.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 11125.00
  • Rent Control: Yes
  • Total Actual Rent: 3250.00
  • Total Expenses: 11125.00

Tax Info

  • New Taxes Expense: 6325.00
  • Tax Census Tract: 7.00
  • Tax Lot: 2

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/21/2020 08/21/20 Sold $585,000 -2.3% $202 / Sq Ft
06/18/2020 06/18/20 Pending -- -- --
04/21/2020 04/21/20 For Sale $599,000 -- $207 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN20076870

California Regional Multiple Listing Service (CRMLS)