NOT LISTED FOR SALE

1274 E 1st Ave Chico, CA 95926

Estimated Value: $536,000 - $582,972

8 Beds
4 Baths
3,600 Sq Ft
$155/Sq Ft Est. Value

Last Sold January 31, 2018

Last sale price $402,000 $112 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $3,335/month

7 Days on Market

Highlights

  • Property is near public transit
  • Great Room
  • Laundry Room
  • Neal Dow Elementary School Rated A-
  • No HOA
  • Central Heating and Cooling System

About This Home

As of January 2018

Located in a great location near the sports club, shopping center, public transit and school. This 4 unit complex offers large living rooms, dining areas, eating bars, 2 bedrooms, 1 bath and 900 sq.ft in each units. All the units have central heat, central air, refrigerator, dishwasher and garbage disposal. The unit A has indoor laundry with washer and dryer that are included in the price. The other units use the public Laundry which is in a walking distance from this property. All the tenant's leases are month to month.

Last Agent to Sell the Property

Effie Khaki

Century 21 Select Real Estate, Inc. License #01024181 Listed on: 12/11/2017

Century 21 Select Real Estate, Inc.

Last Buyer's Agent

Steven Depa

Re/Max of Chico License #00813533

Re/Max of Chico

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,969

Year Built

  • Built in 1986

Lot Details

  • 10,454 Sq Ft Lot
  • Two or More Common Walls
  • Wrought Iron Fence
  • Wood Fence
  • Wire Fence

Home Design

  • Property Attached
  • Slab Foundation
  • Composition Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 3,600 Sq Ft Home
  • 2-Story Property
  • Great Room

Kitchen

  • Dishwasher
  • Formica Countertops
  • Disposal

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 10 Open Parking Spaces
  • 10 Parking Spaces

Location

  • Property is near public transit

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 045160057000

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 5 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Electric Expense $240
  • Trash Expense $1,200
  • Water Sewer Expense $1,800
  • Operating Expense $6,840
  • Gross Income $29,160
  • Net Operating Income $29,160

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,969

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 1800.00
  • Property Type: Residential Income
  • Parcel Number: 045160057000
  • Year Built: 1986
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Formica Counters
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Vinyl
  • Appliances: Yes
  • Price Per Square Foot: 111.67
  • Room Type: Great Room

Exterior Features

  • Foundation: Slab
  • Fence: Yes
  • Fencing: Wire, Wood, Wrought Iron
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Total Parking Spaces: 10.00
  • Uncovered Spaces: 10.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Refrigerator
  • Heating Type: Central, Natural Gas
  • Laundry Features: Dryer Included, Inside, Washer Hookup, Washer Included
  • Sewer: Public Sewer
  • Trash Expense: 1200.00
  • Water Source: Public
  • Cooling: Central Air, Electric
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Near Public Transit
  • Lot Size Sq Ft: 10454.40

Multi Family

  • Electric Expense: 240.00
  • Gross Income: 29160.00
  • Gross Scheduled Income: 36000.00
  • Net Operating Income: 29160.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 4
  • Number With Dishwasher: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 6840.00
  • Rent Control: No
  • Total Expenses: 6840.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 10, 2019
Sold by
Cooper Paul B
Bought by
Cooper Paul and Cooper Britt
Current Estimated Value
$556,993

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$645,000
Interest Rate
3.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 6, 2019
Sold by
Cooper Paul and Cooper Paul B
Bought by
Cooper Paul and Cooper Britt

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$670,367
Interest Rate
4.4%
Mortgage Type
Commercial

Purchase Details

Listed on
Dec 11, 2017
Closed on
Mar 9, 2018
Sold by
Parker Richard B
Bought by
Cooper Paul and Cooper Britt
Seller's Agent
Effie Khaki
Century 21 Select Real Estate, Inc.
Buyer's Agent
Steven Depa
Re/Max of Chico
List Price
$399,900
Sold Price
$402,000
Premium/Discount to List
$2,100
0.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.24%
Original Mortgage
$300,000
Interest Rate
3.94%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Dec 11, 2017
Closed on
Jan 22, 2018
Sold by
Parker Ricahrd B
Bought by
Cooper Paul and Cooper Britt
Seller's Agent
Effie Khaki
Century 21 Select Real Estate, Inc.
Buyer's Agent
Steven Depa
Re/Max of Chico
List Price
$399,900
Sold Price
$402,000
Premium/Discount to List
$2,100
0.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
3.94%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 7, 2011
Sold by
Parker Richard B
Bought by
Parker Richard B and Parker Revocable Trust

Purchase Details

Closed on
Aug 24, 2010
Sold by
Alvarez Alicia
Bought by
Parker Richard B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
4.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 13, 2010
Sold by
Wright Dorine
Bought by
Parker Richard B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
4.38%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Cooper Paul -- Mid Valley Title & Escrow Co
Cooper Paul -- Mid Valley Title & Escrow Co
Cooper Paul -- Mid Valley Title & Escrow Co
Cooper Paul $402,000 Mid Valley Title & Escrow Co
Parker Richard B -- None Available
Parker Richard B -- Mid Valley Title & Escrow Co
Parker Richard B $360,000 Mid Valley Title & Escrow Co
Wright Dorine -- Mid Valley Title & Escrow Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cooper Paul $645,000
Previous Owner Cooper Paul $670,367
Previous Owner Cooper Paul $670,367
Previous Owner Cooper Paul $300,000
Previous Owner Parker Richard B $270,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/31/2018 01/31/18 Sold $402,000 +0.5% $112 / Sq Ft
12/18/2017 12/18/17 Pending -- -- --
12/11/2017 12/11/17 For Sale $399,900 -- $111 / 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 $4,969 $457,195 $147,916 $309,279
2024 $4,969 $446,761 $145,016 $301,745
2023 $4,910 $439,502 $142,173 $297,329
2022 $4,831 $430,915 $139,386 $291,529
2021 $4,741 $422,496 $136,653 $285,843
2020 $4,728 $418,180 $135,252 $282,928
2019 $4,642 $410,010 $132,600 $277,410
2018 $4,594 $405,161 $112,596 $292,565
2017 $3,984 $351,500 $130,000 $221,500
2016 $3,656 $346,500 $125,000 $221,500
2015 $3,499 $326,500 $115,000 $211,500
2014 $3,376 $316,500 $100,000 $216,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN17273465

California Regional Multiple Listing Service (CRMLS)

APN: 045-160-057-000