NOT LISTED FOR SALE

Estimated Value: $429,000 - $491,318

6 Beds
2 Baths
2,050 Sq Ft
$222/Sq Ft Est. Value

Last Sold August 16, 2016

Last sale price $265,000 $129 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $2,665/month

34 Days on Market

About This Home

As of August 2016

Clean and well-maintained investment opportunity, located just a few blocks from Chico State University. Comprised of two 3 bedroom units with indoor laundry and good-size bedrooms, plus off-street parking and a fenced yard – this property has an exceptional rental history and will provide cash flow from day one.

Last Agent to Sell the Property

Daniel Bosch

Re/Max of Chico License #01236305 Listed on: 05/17/2016

Re/Max of Chico

Last Buyer's Agent

Brooke Shelton

BPS Properties License #01386475

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1975

Lot Details

  • 6,970 Sq Ft Lot
  • 1 Common Wall
  • Front Yard
  • Density is up to 1 Unit/Acre

Parking

  • 2 Parking Spaces

Home Design

  • 2,050 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Assessor Parcel Number 043170009000

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Gross Income $1,550

Property Details

Home Type

Multi-Family

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Property Type: Residential Income
  • Parcel Number: 043170009000
  • Year Built: 1975
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 129.27

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Connected
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Street Lights

Lot Info

  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Front Yard
  • Lot Size Sq Ft: 6970.00
  • Price Per Lot Square Foot: 38.02

Multi Family

  • Gross Income: 1550.00
  • Gross Scheduled Income: 1550.00
  • 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: No

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 17, 2016
Closed on
Aug 10, 2016
Sold by
Hatch Anne Louise and Williams Dale Lee
Bought by
Kzbn Llc
Seller's Agent
Daniel Bosch
Re/Max of Chico
Buyer's Agent
Brooke Shelton
BPS Properties
List Price
$295,900
Sold Price
$265,000
Premium/Discount to List
-$30,900
-10.44%
Current Estimated Value
$454,106

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$189,106
Avg. Annual Appreciation
5.90%

Purchase Details

Closed on
Dec 11, 2014
Sold by
Gunderson Kari Ilene
Bought by
Williams Dale Lee

Purchase Details

Closed on
Dec 9, 2014
Sold by
Hatch Roger Farrell
Bought by
Hatch Anne Louise

Purchase Details

Closed on
Dec 4, 2014
Sold by
Williams Donald Robert
Bought by
Williams Christine M and Williams Donald R

Purchase Details

Closed on
Aug 11, 2005
Sold by
Castaldo Sam Louis and John L & Jacklyn A Castaldo Re
Bought by
Williams Donald R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$277,500
Interest Rate
5.56%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 10, 2005
Sold by
Williams Donald R
Bought by
Williams Donald Robert and Testamentary Trust Of The Dona

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$277,500
Interest Rate
5.56%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 21, 2002
Sold by
Hawes Chad M and Hawes Susan
Bought by
Castaldo John L and Castaldo Jacklyn A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$158,000
Interest Rate
6.86%

Purchase Details

Closed on
Nov 3, 1998
Sold by
Hart Eric A
Bought by
Hawes Chad M and Hawes Susan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,450
Interest Rate
6.61%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Kzbn Llc $265,000 Bidwell Title & Escrow Co
Williams Dale Lee -- None Available
Hatch Anne Louise -- None Available
Williams Christine M -- None Available
Williams Donald Robert -- None Available
Hatch Anne Louise -- None Available
Williams Donald R $377,500 Fidelity Natl Title Co Of Ca
Williams Donald Robert -- Fidelity Natl Title Co Of Ca
Williams Donald R -- Fidelity Natl Title Co Of Ca
Castaldo John L $208,000 Bidwell Title & Escrow Compa
Hawes Chad M $138,500 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Williams Donald R $277,500
Previous Owner Castaldo John L $158,000
Previous Owner Hawes Chad M $124,450
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/16/2016 08/16/16 Sold $265,000 -10.4% $129 / Sq Ft
06/20/2016 06/20/16 Pending -- -- --
05/17/2016 05/17/16 For Sale $295,900 -- $144 / 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 $3,518 $323,481 $150,874 $172,607
2024 $3,518 $317,139 $147,916 $169,223
2023 $3,477 $310,921 $145,016 $165,905
2022 $3,421 $304,825 $142,173 $162,652
2021 $3,357 $298,849 $139,386 $159,463
2020 $3,348 $295,785 $137,957 $157,828
2019 $3,287 $289,986 $135,252 $154,734
2018 $3,227 $284,300 $132,600 $151,700
2017 $3,023 $265,000 $130,000 $135,000
2016 $2,219 $208,143 $93,620 $114,523
2015 $2,219 $205,017 $92,214 $112,803
2014 $2,221 $205,000 $85,000 $120,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CH16105693

California Regional Multiple Listing Service (CRMLS)

APN: 043-170-009-000