127 W 9th Ave Chico, CA 95926
Chico Vecino NeighborhoodEstimated Value: $452,000 - $554,000
1
Bed
1
Bath
1,760
Sq Ft
$286/Sq Ft
Est. Value
Highlights
- Laundry Room
- Level Lot
- 1-Story Property
- Chico Junior High School Rated A-
About This Home
As of January 2019What the world needs now - entry level housing. This is it with a return that makes a social benefit a good investment. This simple fourplex is ideal for a high demand tenant segment so vacancy is not an issue. The one story, straight forward, no frills building and site keeps operating expenses to a minimum. The location is near the iconic Esplanade, bus transportation, newer luxury apartments and upscale development - a location home run for real estate. Each of the four units have oak hardwood floors, living room, kitchen and bedroom with bathroom.
Last Agent to Sell the Property
Keller Williams Realty Chico Area License #00966700 Listed on: 07/16/2018
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,487
Year Built
- Built in 1951
Lot Details
- 6,098 Sq Ft Lot
- Two or More Common Walls
- Level Lot
Home Design
- Quadruplex
- Composition Roof
Interior Spaces
- 1,760 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Bathroom
Laundry
- Laundry Room
- Washer Hookup
Additional Features
- Suburban Location
- Septic Type Unknown
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas
- Assessor Parcel Number 003614003000
Community Details
Overview
- 4 Units
Building Details
- 4 Leased Units
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $1,500
- Other Expense $860
- Trash Expense $1,000
- Water Sewer Expense $1,200
- New Taxes Expense $4,440
- Operating Expense $9,000
- Gross Income $36,000
- Net Operating Income $26,000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Nov 10, 2023
Sold by
Branham Jeffery L and Branham Danielle K
Bought by
Branham Family 2022 Trust and Branham
Total Days on Market
134
Current Estimated Value
Purchase Details
Listed on
Jul 16, 2018
Closed on
Dec 31, 2018
Sold by
Lambert William J and Lambert Irina C
Bought by
Branham Jeffery L and Branham Daniellek
Seller's Agent
Ken Dickson
Keller Williams Realty Chico Area
Buyer's Agent
Danielle Branham
Century 21 Select Real Estate, Inc.
List Price
$370,000
Sold Price
$400,000
Premium/Discount to List
$30,000
8.11%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.33%
Original Mortgage
$222,000
Interest Rate
4.8%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 23, 2000
Sold by
Long Thomas D and Long Beverly I
Bought by
Lambert William J and Lambert Irina C
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,600
Interest Rate
8.6%
Similar Homes in Chico, CA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Branham Family 2022 Trust | -- | None Listed On Document | |
| Branham Jeffery L | $400,000 | Mid Valley Title & Escrow Co | |
| Lambert William J | $129,500 | Mid Valley Title & Escrow Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Branham Jeffery L | $222,000 | |
| Previous Owner | Lambert William J | $217,750 | |
| Previous Owner | Lambert William J | $103,600 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/11/2019 01/11/19 | Sold | $400,000 | +8.1% | $227 / Sq Ft |
| 11/27/2018 11/27/18 | Pending | -- | -- | -- |
| 08/18/2018 08/18/18 | For Sale | $370,000 | 0.0% | $210 / Sq Ft |
| 07/26/2018 07/26/18 | Pending | -- | -- | -- |
| 07/16/2018 07/16/18 | For Sale | $370,000 | -- | $210 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $4,487 | $404,644 | $169,512 | $235,132 |
| 2023 | $4,434 | $396,711 | $166,189 | $230,522 |
| 2022 | $4,362 | $388,933 | $162,931 | $226,002 |
| 2021 | $4,281 | $381,308 | $159,737 | $221,571 |
| 2020 | $4,269 | $377,400 | $158,100 | $219,300 |
| 2019 | $1,992 | $174,912 | $60,778 | $114,134 |
| 2018 | $1,956 | $171,484 | $59,587 | $111,897 |
| 2017 | $1,915 | $168,122 | $58,419 | $109,703 |
| 2016 | $1,749 | $164,826 | $57,274 | $107,552 |
| 2015 | $1,749 | $162,351 | $56,414 | $105,937 |
| 2014 | $1,720 | $159,171 | $55,309 | $103,862 |
Source: Public Records
Agents Affiliated with this Home
-
Ken Dickson
K
Seller's Agent in 2019
Ken Dickson
Keller Williams Realty Chico Area
(925) 451-3177
1 in this area
35 Total Sales
-
Danielle Branham
Buyer's Agent in 2019
Danielle Branham
Century 21 Select Real Estate, Inc.
(530) 570-8402
3 in this area
93 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SN18170924
APN: 003-614-003-000
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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