Seller's Agent in 2024
Shane Collins
RE/MAX
(530) 518-1413
1 in this area
154 Total Sales
1149 W 3rd St Chico, CA 95928
South Campus NeighborhoodEstimated Value: $806,984 - $1,052,000
13
Beds
8
Baths
4,284
Sq Ft
$209/Sq Ft
Est. Value
Highlights
- Corner Lot
- No HOA
- Laundry Room
- Chico Junior High School Rated A-
- Double Pane Windows
- Tile Flooring
About This Home
As of December 20241149 W 3rd St in Chico, CA, is part of a prime investment package being sold alongside the adjoining duplex at 333 Oak St. Ideally located near CSU Chico and other amenities, this property offers a vibrant, walkable, and bike-friendly environment. The triplex at 1149 W 3rd St offers three spacious 3-bedroom, 2-bath units, each equipped with a washer and dryer and off-street parking. The duplex at 333 Oak St features two 2-bedroom, 1-bath units, also with in-unit laundry and off-street parking. Both properties were built in 2007 and have been professionally managed and are exceptionally well-maintained. Some of the features of these units include central heat & air, recessed lighting, luxury vinyl and tile flooring in the living spaces and bathrooms, gas ranges, dishwashers, crown molding, and ceiling fans. This package presents an excellent opportunity to own multiple income-generating properties that are fully leased at market rental rates.
Last Agent to Sell the Property
Re/Max of Chico Brokerage Phone: 530-896-9300 License #01738682 Listed on: 08/23/2024
Property Details
Home Type
- Multi-Family
Year Built
- Built in 2007
Lot Details
- 8,712 Sq Ft Lot
- Two or More Common Walls
- Landscaped
- Corner Lot
- Paved or Partially Paved Lot
- Level Lot
- 004-111-014-000
Home Design
- Apartment
- Entry on the 1st floor
- Stucco
Interior Spaces
- 4,284 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- Double Pane Windows
- Blinds
Kitchen
- Gas Range
- Range Hood
- Dishwasher
Flooring
- Carpet
- Laminate
- Tile
- Vinyl
Bedrooms and Bathrooms
- 13 Bedrooms
- 8 Bathrooms
Laundry
- Laundry Room
- Laundry in Garage
- Dryer
- Washer
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Outdoor Features
- Exterior Lighting
Utilities
- Central Heating and Cooling System
- Natural Gas Connected
- Water Heater
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas
- Legal Lot and Block 1 / 124
- Assessor Parcel Number 004111013000
- $924 per year additional tax assessments
- Seller Considering Concessions
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 5 Units
Building Details
- Rent Control
- 5 Separate Electric Meters
- 5 Separate Gas Meters
- 3 Separate Water Meters
- Gardener Expense $3,250
- Insurance Expense $2,400
- Pest Control $455
- Professional Management Expense $6,928
- Trash Expense $4,198
- Water Sewer Expense $5,624
- Operating Expense $22,853
- Gross Income $104,400
- Net Operating Income $79,987
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 23, 2024
Closed on
Dec 13, 2024
Sold by
Tony Clark Jewett and Terry Sue
Bought by
Ferguson Family Revocable Trust and Ferguson
Seller's Agent
Shane Collins
Re/Max of Chico
Buyer's Agent
Joan Heckerson
Re/Max of Chico
List Price
$1,250,000
Sold Price
$1,220,000
Premium/Discount to List
-$30,000
-2.4%
Views
20
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$324,754
Avg. Annual Appreciation
-22.90%
Original Mortgage
$477,000
Outstanding Balance
$473,249
Interest Rate
6.79%
Mortgage Type
New Conventional
Estimated Equity
$421,997
Purchase Details
Closed on
Jul 16, 2007
Sold by
Jewett Tony Clark and Jewett Terry Sue
Bought by
Jewett Tony C and Jewett Terry S
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$390,000
Interest Rate
6.73%
Mortgage Type
New Conventional
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Ferguson Family Revocable Trust | $795,000 | Old Republic Title | |
| Jewett Tony C | -- | Mid Valley Title & Escrow Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Ferguson Family Revocable Trust | $477,000 | |
| Previous Owner | Jewett Tony C | $390,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/18/2024 12/18/24 | Sold | $1,220,000 | -2.4% | $285 / Sq Ft |
| 10/22/2024 10/22/24 | Pending | -- | -- | -- |
| 08/23/2024 08/23/24 | For Sale | $1,250,000 | -- | $292 / 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 | $5,771 | $795,000 | $180,000 | $615,000 |
| 2024 | $5,771 | $521,622 | $59,271 | $462,351 |
| 2023 | $5,703 | $511,395 | $58,109 | $453,286 |
| 2022 | $5,613 | $501,369 | $56,970 | $444,399 |
| 2021 | $5,507 | $491,539 | $55,853 | $435,686 |
| 2020 | $5,491 | $486,500 | $55,281 | $431,219 |
| 2019 | $5,392 | $476,962 | $54,198 | $422,764 |
| 2018 | $5,293 | $467,611 | $53,136 | $414,475 |
| 2017 | $5,186 | $458,444 | $52,095 | $406,349 |
| 2016 | $4,733 | $449,456 | $51,074 | $398,382 |
| 2015 | $4,733 | $442,705 | $50,307 | $392,398 |
| 2014 | $4,619 | $434,034 | $49,322 | $384,712 |
Source: Public Records
Agents Affiliated with this Home
-
Shane Collins
-
Joan Heckerson
Buyer's Agent in 2024
Joan Heckerson
RE/MAX
(530) 896-9300
1 in this area
43 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SN24174900
APN: 004-111-013-000
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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