$515,000
SOLD DEC 11, 2024

1197 Palmetto Ave Chico, CA 95926

3 Beds
2 Baths
1,722 Sq Ft
0.25 Acres

Recently Sold

$299 Per Sq Ft

29% Above List Price

2 Days on Market

Highlights

  • Wood Flooring
  • Corner Lot
  • Neighborhood Views
  • Neal Dow Elementary School Rated A-
  • No HOA
  • Cottage

About This Home

As of May 2025

How often do you find a home built in 1950, that's a ONE owner home???? Well, here it is. Wonderful Chico location, with a private setting on a large corner lot. Original hardwood floors in some rooms, one bedroom/bath at separate end of the home and 2 bedrooms/1 bath at the other end. The cozy family room in the front of the home has a gas insert in the fireplace. On the back side of the home the oversized picture window in the living room gives a wonderful view of the covered patio, majestic tree, and private back yard. Inspections that have been done: whole house (some work done), roof (repairs done), electrical subpanel has been upgraded from fuses to breakers and various electrical repairs done, HVAC repair, Chico energy retrofit, septic (repairs being done), pest (spraying has been done). Plenty of vintage feel inside this home, ready for a buyer to enjoy, or update to their own taste.

Last Agent to Sell the Property

Debbie Maderos

Parkway Real Estate Co. Brokerage Phone: 530-570-8052 License #01097412 Listed on: 11/18/2024

Last Buyer's Agent

Sherry Calbert

Century 21 Select Real Estate, Inc. License #01084946

Century 21 Select Real Estate, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $984

Year Built

  • Built in 1950

Lot Details

  • 0.25 Acre Lot
  • Fenced
  • Needs Fence Repair
  • Corner Lot
  • Sprinklers on Timer
  • Property is zoned R1

Home Design

  • Cottage
  • Cosmetic Repairs Needed
  • Raised Foundation
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 1,722 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Skylights
  • Wood Burning Fireplace
  • Fireplace With Gas Starter
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Open Floorplan
  • Neighborhood Views
  • Tile Countertops

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms
  • Low Flow Toliet
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 1 Parking Space
  • 1 Attached Carport Space
  • Parking Available
  • Driveway

Outdoor Features

  • Covered patio or porch
  • Shed
  • Rain Gutters

Utilities

  • Central Heating and Cooling System
  • Conventional Septic

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 3
  • Assessor Parcel Number 045271005000

Home Details

Home Type

Single Family

Est. Annual Taxes

$984

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Structure Type: House
  • Assessments: No
  • Inclusions: Fridge, washer, dryer
  • Property Attached: No
  • Road Frontage Type: City Street
  • View: Yes
  • Zoning: R1
  • Architectural Style: Cottage
  • Property Condition: Repairs Cosmetic
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 045271005000
  • Year Built: 1950
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1722.00 Square Feet
  • Interior Amenities: Ceiling Fan(s), Tile Counters
  • Stories: 1
  • Entry Location: Front door
  • Common Walls: No Common Walls
  • Flooring: Carpet, Vinyl, Wood
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 3
  • Eating Area: In Family Room, In Living Room
  • Entry Level: 1
  • Fireplace Features: Family Room, Living Room, Gas Starter, Wood Burning
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 299.07
  • Room Type: All Bedrooms Down, Family Room, Laundry, Living Room
  • Window Features: Skylight(s)
  • Bathroom Features: Low Flow Toilet(s), Shower, Shower In Tub
  • Room Kitchen Features: Tile Counters

Exterior Features

  • Patio: Yes
  • Foundation: Raised, Slab
  • Other Structures: Shed(s)
  • Exterior Features: Rain Gutters
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Needs Repair
  • Patio And Porch Features: Brick, Covered, Patio
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Carport Spaces: 1.00
  • Parking: Yes
  • Parking Features: Attached Carport, Driveway
  • Total Parking Spaces: 1.00

Utilities

  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Refrigerator
  • Heating Type: Central
  • Laundry Features: Dryer Included, Individual Room, Washer Included
  • Sewer: Conventional Septic
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

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

Schools

  • School District: Chico Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Sprinkler System, Sprinklers Timer
  • Lot Size Sq Ft: 10890.00
  • Lot Size Acres: 0.2500

Multi Family

  • Lease Considered: No
  • Lot Size Area: 10890.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 8.00
  • Tax Lot: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 18, 2024
Closed on
Dec 2, 2024
Sold by
Alfred And Marjorie Regier Trust and Regier Cindy R
Bought by
Speer-Fleming Family Trust and Fleming
Seller's Agent
Debbie Maderos
Parkway Real Estate Co.
Buyer's Agent
Sherry Calbert
Century 21 Select Real Estate, Inc.
List Price
$399,000
Sold Price
$515,000
Premium/Discount to List
$116,000
29.07%
Views
10

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.26%
Original Mortgage
$275,000
Outstanding Balance
$273,305
Interest Rate
6.72%
Mortgage Type
New Conventional
Estimated Equity
$262,099

Purchase Details

Closed on
Nov 12, 1997
Sold by
Regier Marjorie S and Regier Marjorie Maxine
Bought by
Regier Alfred J and Regier Marjorie S

Purchase Details

Closed on
Oct 11, 1982
Sold by
Regier Sandra K
Bought by
Regier Marjorie Maxine

Purchase Details

Closed on
Sep 14, 1982
Sold by
Regier Cindy Rae
Bought by
Regier Marjorie Maxine
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $515,000 Mid Valley Title & Escrow
Interfamily Deed Transfer -- Bidwell Title & Escrow
Interfamily Deed Transfer $1,500 --
Interfamily Deed Transfer $1,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $275,000 New Conventional
Previous Owner $37,300 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/16/2025 05/16/25 Sold $545,000 -0.4% $316 / Sq Ft
04/24/2025 04/24/25 Pending -- -- --
04/09/2025 04/09/25 For Sale $547,000 +6.2% $318 / Sq Ft
12/11/2024 12/11/24 Sold $515,000 +29.1% $299 / Sq Ft
11/20/2024 11/20/24 Pending -- -- --
11/18/2024 11/18/24 For Sale $399,000 -- $232 / 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 $984 $515,000 $180,000 $335,000
2024 $984 $88,013 $21,415 $66,598
2023 $972 $86,289 $20,996 $65,293
2022 $955 $84,598 $20,585 $64,013
2021 $937 $82,940 $20,182 $62,758
2020 $856 $82,091 $19,976 $62,115
2019 $839 $80,483 $19,585 $60,898
2018 $822 $78,905 $19,201 $59,704
2017 $804 $77,359 $18,825 $58,534
2016 $733 $75,843 $18,456 $57,387
2015 $731 $74,704 $18,179 $56,525
2014 $725 $73,241 $17,823 $55,418
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN24222393

California Regional Multiple Listing Service (CRMLS)

APN: 045-271-005-000