NOT LISTED FOR SALE

12 Scenic Ln Chico, CA 95973

5 Beds
4 Baths
1,752 Sq Ft
0.52 Acres

Last Sold March 04, 2014

Last sale price $285,000 $163 Per Sq Ft

156 Days on Market

Highlights

  • All Bedrooms Downstairs
  • No HOA
  • Laundry Room
  • Bidwell Junior High School Rated A-
  • Fireplace
  • Central Heating and Cooling System

About This Home

As of March 2014

#8 and #12 on Scenic Lane is an investment opportunity located off Lassen Avenue and just west of Burnap Drive. All units have their own laundry facilities. Units are on septic system; however, city sewer has been installed into Scenic Lane and the hookup fees are very reasonable if needed in the future. The lot is quite large and there is plenty of room for additional improvements. Units have no garage but there is lots of parking including two large covered carport structures at the rear of the parking areas. Drive by the units to see but please do not disturb the tenants.

Last Agent to Sell the Property

John Kennedy

Kennedy Real Estate License #00935877 Listed on: 09/09/2013

Last Buyer's Agent

Brian Littrell

CBCNorcal License #01350075

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1970

Lot Details

  • 0.52 Acre Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Home Design

  • Property Attached
  • Raised Foundation
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 1,752 Sq Ft Home
  • Fireplace
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • All Bedrooms Down
  • 4 Bathrooms

Parking

  • 6 Parking Spaces
  • Parking Available
  • Unassigned Parking

Location

  • Suburban Location

Utilities

  • Central Heating and Cooling System
  • Conventional Septic

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 007570012000

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • Cable TV Expense $325
  • Gardener Expense $1,200
  • Insurance Expense $1,200
  • Trash Expense $350
  • Water Sewer Expense $800
  • New Taxes Expense $3,000
  • Gross Income $2,200
  • Net Operating Income $19,525

Property Details

Home Type

Multi-Family

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 800.00
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 007570012000
  • Year Built: 1970
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 162.67
  • Room Type: All Bedrooms Down

Exterior Features

  • Foundation: Slab, Raised
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Unassigned
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Sewer: Conventional Septic
  • Trash Expense: 350.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 22651.00
  • Lot Size Acres: 0.5200

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Cable TV Expense: 325.00
  • Gross Income: 2200.00
  • Gross Scheduled Income: 26400.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 22651.0000 Square Feet
  • Net Operating Income: 19525.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Units Total: 3
  • Operating Expense: 6875.00
  • Rent Control: No
  • Total Actual Rent: 2270.00

Tax Info

  • New Taxes Expense: 3000.00
  • Tax Year: 2012

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/04/2014 03/04/14 Sold $285,000 -5.0% $163 / Sq Ft
02/12/2014 02/12/14 Pending -- -- --
09/09/2013 09/09/13 For Sale $300,000 -- $171 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CH13183631

California Regional Multiple Listing Service (CRMLS)

APN: 007-570-012