NOT LISTED FOR SALE
3 Beds
2 Baths
9,060 Sq Ft
0.43 Acre Lot

Sale Details

Date Sold: July 25, 2017

Last sale price $1,337,000 $148 Per Sq Ft

39 Days on Market

Highlights

  • 18,731 Sq Ft lot
  • Contemporary Architecture
  • Granite Countertops
  • Chico Junior High School Rated A-
  • Property is near public transit
  • Neighborhood Views

About This Home

As of July 2017

CLOSE TO SCHOOLS AND UNIVERSITY. RECENT REMODEL ALL 3 BEDROOM 2 BATH UNITS. 8 APARTMENT UNITS AND ONE HOUSE ON PROPERTY. EXCELLENT RENTAL HISTORY. GOOD CONDITION WITH UPGRADES.

Last Agent to Sell the Property

Jim Aguilar

Century 21 Select Real Estate, Inc. License #01862725 Listed on: 03/06/2017

Century 21 Select Real Estate, Inc.

Last Buyer's Agent

Robin Miller

Parkway Real Estate Co. License #01483965

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1983 | Remodeled

Lot Details

  • 18,731 Sq Ft Lot
  • Two or More Common Walls
  • Fenced
  • Fence is in average condition
  • Paved or Partially Paved Lot
  • Level Lot
  • Density is 16-20 Units/Acre

Home Design

  • Contemporary Architecture
  • Property Attached
  • Turnkey
  • Slab Foundation
  • Fire Rated Drywall
  • Composition Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 9,060 Sq Ft Home
  • Ceiling Fan
  • Laminate Flooring
  • Neighborhood Views
  • Granite Countertops
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Parking

  • Parking Available
  • Unassigned Parking

Outdoor Features

  • Rain Gutters

Location

  • Property is near public transit
  • Urban Location

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for electricity
  • Assessor Parcel Number 003052008000

Community Details

Overview

  • 2 Buildings
  • 9 Units

Amenities

  • Laundry Facilities

Building Details

  • 9 Leased Units
  • 10 Separate Electric Meters
  • 9 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,080
  • Insurance Expense $1,526
  • Professional Management Expense $6,000
  • Trash Expense $1,332
  • Water Sewer Expense $4,800
  • New Taxes Expense $8,066
  • Operating Expense $15,730
  • Gross Income $117,900
  • Net Operating Income $70,740

Property Details

Home Type

Multi-Family

Year Built

Built in 1983 | Remodeled

Lot Details

0.43 Acres

Listing Details

  • Professional Management Expense: 6000.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: Yes
  • Water Sewer Expenses: 4800.00
  • Zoning: R-2
  • Architectural Style: Contemporary
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Type: Residential Income
  • Parcel Number: 003052008000
  • Year Built: 1983
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s), Granite Counters
  • Common Walls: 2+ Common Walls
  • Flooring: Laminate
  • Levels: Two
  • Price Per Square Foot: 147.57

Exterior Features

  • Foundation: Slab
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Average Condition
  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Drywall Walls, Stucco, Wood Siding

Garage/Parking

  • Parking: Yes
  • Parking Features: Unassigned

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central, Natural Gas
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 1332.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Curbs, Gutters, Sidewalks, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 16-20 Units/Acre, Lot 10000-19999 Sqft, Level, Near Public Transit, Paved
  • Lot Size Sq Ft: 18731.00

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Electric Expense: 1080.00
  • Gross Income: 117900.00
  • Gross Scheduled Income: 117900.00
  • Insurance Expense: 1526.00
  • Net Operating Income: 70740.00
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 9
  • Number Of Units Total: 9
  • Operating Expense: 47160.00
  • Operating Expense Percent: 40.00
  • Rent Control: No
  • Total Expenses: 15729.66

Tax Info

  • New Taxes Expense: 8066.10
  • Tax Census Tract: 6.03

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Bidwell Title & Escrow
Fraga Louie $896,000 Bidwell Title & Escrow Co
Souza Richard W -- None Available
1237 Citrus Ave Chico Ca $640,000 Mid Valley Title & Escrow Co
Cortes Manuel $640,000 Mid Valley Title & Escrow Co
Fu Yi Ho -- Mid Valley Title
Fu Tina Shing Kuang -- --
Fu Yi Ho $16,000 Bidwell Title & Escrow
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,015,000
Previous Owner Fraga Louie $546,500
Previous Owner Cortes Manuel $590,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/25/2017 07/25/17 Sold $1,337,000 -10.0% $148 / Sq Ft
04/14/2017 04/14/17 Pending -- -- --
03/06/2017 03/06/17 For Sale $1,485,000 -- $164 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $17,534 $1,549,554 $365,581 $1,183,973
2025 $17,534 $1,519,220 $358,413 $1,160,807
2024 $16,475 $1,486,982 $351,386 $1,135,596
2023 $16,281 $1,460,327 $344,497 $1,115,830
2022 $16,022 $1,431,743 $337,743 $1,094,000
2021 $15,721 $1,403,720 $331,121 $1,072,599
2020 $15,677 $1,389,353 $327,726 $1,061,627
2019 $15,393 $1,362,160 $321,300 $1,040,860
2018 $15,112 $1,335,500 $315,000 $1,020,500
2017 $8,002 $706,237 $165,584 $540,653
2016 $7,304 $692,439 $162,338 $530,101
2015 $7,305 $682,076 $159,900 $522,176
2014 $7,129 $668,765 $156,768 $511,997
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CH17047362

California Regional Multiple Listing Service (CRMLS)
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