NOT LISTED FOR SALE

Estimated Value: $523,000 - $888,000

4 Beds
2 Baths
5,376 Sq Ft
$130/Sq Ft Est. Value

Last Sold January 20, 2015

Last sale price $415,000 $77 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $4,533/month

39 Days on Market

Highlights

  • Laundry Room
  • Central Heating and Cooling System
  • Carpet
  • Chico Junior High School Rated A-

About This Home

As of January 2015

Close to Chico State University and downtown, these units are prime for a student housing investment. The property consists of 2 duplexes with only 1 common wall each, and 4 bedrooms and 2 baths in each unit. Each has central heat/air, fireplace, laundry and patio. The property manager states there is upward potential in the rents.

Last Listed By

Sandi Bauman

Chico Homes License #01460929 Listed on: 10/23/2014

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,791

Year Built

  • Built in 1983

Lot Details

  • 10,454 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 4 Parking Spaces

Home Design

  • Property Attached

Interior Spaces

  • 5,376 Sq Ft Home
  • Family Room with Fireplace
  • Carpet
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Additional Features

  • Suburban Location
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 043162032000

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $3,300
  • Net Operating Income $22,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,791

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Property Type: Residential Income
  • Parcel Number: 043162032000
  • Year Built: 1983
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: 1 Common Wall
  • Flooring: Carpet
  • Fireplace Features: Family Room
  • Levels: Two
  • Price Per Square Foot: 77.19

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Inside
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Suburban

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 10454.00
  • Lot Size Acres: 0.2400

Multi Family

  • Gross Income: 3300.00
  • Gross Scheduled Income: 34200.00
  • Lot Size Area: 10454.0000 Square Feet
  • Net Operating Income: 22000.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 12198.00
  • Rent Control: No

Tax Info

  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 28, 2022
Sold by
Lopus Michael J
Bought by
Michael J Lopus Living Trust
Total Days on Market
39
Current Estimated Value
$700,641

Purchase Details

Closed on
Dec 21, 2022
Sold by
Lopus Gerald R and Lopus Janet M
Bought by
Lopus Michael J

Purchase Details

Listed on
Oct 23, 2014
Closed on
Jan 12, 2015
Sold by
Erastus Estates Llc
Bought by
Lopus Gerald R and Lopus Janet M
Seller's Agent
Sandi Bauman
Chico Homes
Buyer's Agent
Alisha Simpkins
Keller Williams Realty Chico Area
List Price
$430,000
Sold Price
$415,000
Premium/Discount to List
-$15,000
-3.49%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.04%
Original Mortgage
$210,000
Interest Rate
3.82%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 14, 2013
Sold by
Duong Catherine Thanh Thuy
Bought by
Erastus Estates Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$221,000
Interest Rate
3.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 27, 2012
Sold by
Erastus Estates Llc
Bought by
Duong Catherine Thanh Thuy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$221,000
Interest Rate
3.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 22, 2010
Sold by
Duong Catherine Thanh Thuy
Bought by
Erastus Estates Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,750
Interest Rate
4.68%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 12, 2010
Sold by
Huynh Tracey and Nguyen Ngon
Bought by
Duong Catherine Thanh Thuy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,750
Interest Rate
4.68%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 10, 2006
Sold by
Klay James Michael and Klay Stacy A
Bought by
Nguyen Ngon and Huynh Tracey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$448,400
Interest Rate
6.5%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Mar 29, 2004
Sold by
Larsen Anastasia and Larsen David J
Bought by
Klay James Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$338,000
Interest Rate
5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 14, 2002
Sold by
Archbold Kevin
Bought by
Larsen David J and Larsen Anastasia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$333,750
Interest Rate
7.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 29, 2000
Sold by
Campbell Dennis A
Bought by
Archbold Kevin

Purchase Details

Closed on
Oct 23, 1997
Sold by
Federal National Mortgage Association
Bought by
Campbell Dennis A and Archbold Kevin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,250
Interest Rate
7.19%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 7, 1997
Sold by
Ellen B M and Ellen Phyllis
Bought by
Federal National Mortgage Association

Range of Values:

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Average Value
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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
Michael J Lopus Living Trust -- --
Lopus Michael J -- --
Lopus Gerald R $415,000 Fidelity National Title Co
Erastus Estates Llc -- None Available
Duong Catherine Thanh Thuy -- First American Title Insuran
Erastus Estates Llc -- None Available
Duong Catherine Thanh Thuy $305,000 Mid Valley Title & Escrow Co
Nguyen Ngon $598,000 Multiple
Klay James Michael $520,000 --
Larsen David J $445,000 Bidwell Title & Escrow Compa
Archbold Kevin -- Bidwell Title & Escrow Co
Campbell Dennis A $290,000 Bidwell Title & Escrow Compa
Federal National Mortgage Association $189,668 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lopus Gerald R $350,000
Previous Owner Lopus Gerald R $210,000
Previous Owner Duong Catherine Thanh Thuy $221,000
Previous Owner Duong Catherine Thanh Thuy $228,750
Previous Owner Nguyen Ngon $448,400
Previous Owner Klay James Michael $338,000
Previous Owner Larsen David J $337,500
Previous Owner Larsen David J $333,750
Previous Owner Campbell Dennis A $32,000
Previous Owner Campbell Dennis A $123,250
Closed Klay James Michael $78,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/20/2015 01/20/15 Sold $415,000 -3.5% $77 / Sq Ft
11/16/2014 11/16/14 Pending -- -- --
10/08/2014 10/08/14 For Sale $430,000 -- $80 / 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
2024 $7,791 $699,684 $173,091 $526,593
2023 $7,700 $688,966 $169,698 $519,268
2022 $5,317 $472,993 $141,563 $331,430
2021 $5,218 $463,779 $138,788 $324,991
2020 $5,204 $459,055 $137,365 $321,690
2019 $5,110 $450,114 $134,672 $315,442
2018 $5,018 $441,348 $132,032 $309,316
2017 $4,949 $432,754 $129,444 $303,310
2016 $4,522 $424,328 $126,906 $297,422
2015 $3,985 $367,572 $95,940 $271,632
2014 $3,890 $360,431 $94,061 $266,370
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CH14216329

California Regional Multiple Listing Service (CRMLS)

APN: 043-162-032-000