NOT LISTED FOR SALE

Estimated Value: $479,000 - $512,000

6 Beds
3 Baths
1,960 Sq Ft
$253/Sq Ft Est. Value

Last Sold September 02, 2022

Last sale price $465,000 $237 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $3,253/month

124 Days on Market

Highlights

  • Property is near public transit
  • Laundry Room
  • Level Lot
  • Chico Junior High School Rated A-

About This Home

As of September 2022

Prime investment opportunity in a prime Chico location... Just blocks to CSUC, this two-unit classic avenues charmer offers a light and bright 2 bedroom/1 bath upstairs and a great 4 bedroom/2 bath downstairs. With a fantastic rental history, and tons of pride-of-ownership, this is one that will provide you with steady cash flow today and long-term appreciation for the future as well. Could also be perfect for an owner-occupant that would like to supplement their income/offset their mortgage with the rent from additional unit... In addition to the existing duplex the property also offers a great covered carport/storage area and HUGE backyard with alley access as well.

Last Agent to Sell the Property

Daniel Bosch

Re/Max of Chico License #01236305 Listed on: 04/07/2022

Re/Max of Chico

Last Buyer's Agent

Becky Johns

EXP Realty of Northern California, Inc. License #01496335

EXP Realty of Northern California, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,244

Year Built

  • Built in 1922

Lot Details

  • 9,583 Sq Ft Lot
  • 1 Common Wall
  • Level Lot
  • Front and Back Yard Sprinklers

Home Design

  • 1,960 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Additional Features

  • Laundry Room
  • Property is near public transit

Listing and Financial Details

  • Legal Lot and Block 3 / 8
  • Assessor Parcel Number 003053006000

Community Details

Overview

  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Gross Income $36,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,244

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Price Per Unit: 232500
  • Property Attached: Yes
  • Zoning: R3
  • Property Type: Residential Income
  • Parcel Number: 003053006000
  • Year Built: 1922
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 237.24

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Storm Drains

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level, Near Public Transit, Sprinklers In Front, Sprinklers In Rear
  • Lot Size Sq Ft: 9583.00
  • Lot Size Acres: 0.2200

Multi Family

  • Gross Income: 36000.00
  • Gross Scheduled Income: 36000.00
  • Lot Size Area: 9583.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Rent Control: Yes

Tax Info

  • Tax Block: 8
  • Tax Census Tract: 6.03
  • Tax Lot: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 26, 2023
Sold by
Martinez Cassandra Hope
Bought by
Martinez Family Farms Revocable Trust and Martinez
Current Estimated Value
$516,772

Purchase Details

Listed on
Apr 7, 2022
Closed on
Aug 31, 2022
Sold by
Gregory Roberts
Bought by
Roberts Laura
Seller's Agent
Daniel Bosch
Re/Max of Chico
Buyer's Agent
Becky Johns
EXP Realty of Northern California, Inc.
List Price
$475,000
Sold Price
$465,000
Premium/Discount to List
-$10,000
-2.11%
Views
4

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.44%
Original Mortgage
$395,250
Interest Rate
5.54%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 30, 2015
Closed on
Sep 22, 2015
Sold by
Sarra Carole L and Carole L Sarra Trust
Bought by
Coon Richard G and Hantelman Christine R
Seller's Agent
Daniel Bosch
Re/Max of Chico
Buyer's Agent
Daniel Bosch
Re/Max of Chico
List Price
$340,000
Sold Price
$332,500
Premium/Discount to List
-$7,500
-2.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.95%
Original Mortgage
$245,000
Interest Rate
3.9%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jul 7, 2000
Sold by
Sarra Carole
Bought by
Sarra Carole L and Carole L Sarra Trust
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Martinez Family Farms Revocable Trust -- None Listed On Document
Roberts Laura -- Mid Valley Title & Escrow Comp
Martinez Cassandra Hope -- Mid Valley Title
Martinez Cassandra Hope $465,000 Mid Valley Title Escrow Compa
Coon Richard G $332,500 Mid Valley Title & Escrow Co
Sarra Carole L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Martinez Cassandra Hope $395,250
Previous Owner Coon Richard G $245,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/02/2022 09/02/22 Sold $465,000 0.0% $237 / Sq Ft
08/09/2022 08/09/22 Pending -- -- --
06/30/2022 06/30/22 Price Changed $465,000 -2.1% $237 / Sq Ft
06/23/2022 06/23/22 For Sale $475,000 0.0% $242 / Sq Ft
06/02/2022 06/02/22 Pending -- -- --
05/16/2022 05/16/22 Price Changed $475,000 -3.1% $242 / Sq Ft
04/26/2022 04/26/22 For Sale $490,000 0.0% $250 / Sq Ft
04/19/2022 04/19/22 Pending -- -- --
04/07/2022 04/07/22 For Sale $490,000 +47.4% $250 / Sq Ft
09/25/2015 09/25/15 Sold $332,500 -2.2% $123 / Sq Ft
08/11/2015 08/11/15 Pending -- -- --
07/30/2015 07/30/15 For Sale $340,000 -- $125 / 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
2025 $5,244 $483,786 $171,666 $312,120
2024 $5,244 $474,300 $168,300 $306,000
2023 $5,182 $465,000 $165,000 $300,000
2022 $4,151 $370,906 $167,326 $203,580
2021 $4,073 $363,635 $164,046 $199,589
2020 $4,061 $359,907 $162,364 $197,543
2019 $3,988 $352,851 $159,181 $193,670
2018 $3,915 $345,933 $156,060 $189,873
2017 $3,836 $339,150 $153,000 $186,150
2016 $3,500 $332,500 $150,000 $182,500
2015 $1,235 $115,021 $43,348 $71,673
2014 $1,206 $112,769 $42,499 $70,270
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN22070064

California Regional Multiple Listing Service (CRMLS)

APN: 003-053-006-000