NOT LISTED FOR SALE

1305 Arbutus Ave Chico, CA 95926

Estimated Value: $513,000 - $555,513

5 Beds
4 Baths
2,568 Sq Ft
$209/Sq Ft Est. Value

Last Sold June 26, 2020

Last sale price $460,000 $179 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $3,245/month

17 Days on Market

Highlights

  • No Units Above
  • All Bedrooms Downstairs
  • Contemporary Architecture
  • Neal Dow Elementary School Rated A-
  • Open Floorplan
  • Property is near public transit

About This Home

As of June 2020

Unique location, Centrually located duplex, 3 bedroom 2 bath and 2 bedroom 2 bath, fenced yard, double garage and single garage, 2 bedroom has upstairs, close to schools, 2 car garage and 1 car garage, excellent tenant, kind, tidy, would love to stay

Last Agent to Sell the Property

Bruce Smith

Hightower Real Estate Group License #00756045 Listed on: 05/18/2020

Last Buyer's Agent

Dustin Cheatham

Upside Real Estate License #01972561

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 7,405 Sq Ft Lot
  • No Units Above
  • 1 Common Wall
  • East Facing Home
  • Chain Link Fence
  • Fence is in average condition
  • Landscaped
  • Rectangular Lot
  • Level Lot
  • Sprinkler System
  • Lawn
  • Back and Front Yard
  • Density is 2-5 Units/Acre

Parking

  • 3 Car Garage
  • 2 Open Parking Spaces
  • 1 Carport Space
  • Parking Available
  • Front Facing Garage
  • Side Facing Garage
  • Two Garage Doors
  • Gravel Driveway
  • Off-Street Parking
  • Assigned Parking

Home Design

  • Duplex
  • Contemporary Architecture
  • Cosmetic Repairs Needed
  • Composition Roof
  • Concrete Perimeter Foundation
  • Stucco

Interior Spaces

  • 2,568 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Window Screens
  • Family Room
  • Center Hall
  • Neighborhood Views

Kitchen

  • Self-Cleaning Oven
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 5 Bedrooms
  • All Bedrooms Down
  • All Upper Level Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Laundry Located Outside
  • Gas And Electric Dryer Hookup

Accessible Home Design

  • More Than Two Accessible Exits
  • Accessible Parking

Location

  • Property is near public transit

Utilities

  • Cooling System Powered By Gas
  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • 220 Volts in Garage
  • Natural Gas Connected

Listing and Financial Details

  • Legal Lot and Block 9 / 12
  • Assessor Parcel Number 003431005000

Community Details

Overview

  • 2 Units

Recreation

  • Bike Trail

Building Details

  • 1 Leased Unit
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,400
  • Trash Expense $1,200
  • Water Sewer Expense $1,200
  • New Taxes Expense $5,225
  • Operating Expense $10,025
  • Gross Income $9,600
  • Net Operating Income $3,600

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Parking

3

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: Yes
  • Water Sewer Expenses: 1200.00
  • Zoning: R1
  • Architectural Style: Contemporary
  • Property Condition: Repairs Cosmetic
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 003431005000
  • Year Built: 1963
  • Special Features: None

Interior Features

  • Interior Amenities: Open Floorplan
  • Stories: 2
  • Common Walls: 1 Common Wall, No One Above
  • Flooring: Carpet, Laminate
  • Accessibility Features: 2+ Access Exits, Parking
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 179.13
  • Room Type: All Bedrooms Down, All Bedrooms Up, Center Hall, Family Room, Kitchen, Main Floor Bedroom, Main Floor Master Bedroom, Master Bathroom, Master Bedroom
  • Window Features: Screens

Exterior Features

  • Direction Faces: East
  • Foundation: Concrete Perimeter
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Average Condition, Chain Link, Fair Condition
  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Stucco

Garage/Parking

  • Carport Spaces: 1.00
  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Assigned, Carport, Driveway, Concrete, Gravel, Garage Faces Front, Garage Faces Side, Garage - Single Door, Garage - Two Door, Off Street
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Self Cleaning Oven, Dishwasher, Microwave, Refrigerator
  • Electric: 220 Volts in Garage
  • Heating Type: Central, Forced Air, Natural Gas
  • Laundry Features: Gas & Electric Dryer Hookup, In Garage, Outside
  • Sewer: Public Sewer
  • Trash Expense: 1200.00
  • Water Source: Public
  • Cooling: Central Air, Gas
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Back Yard, Front Yard, Landscaped, Lawn, Level with Street, Lot 6500-9999, Rectangular Lot, Level, Near Public Transit, Sprinkler System
  • Lot Size Sq Ft: 7405.00
  • Lot Size Acres: 0.1700

Multi Family

  • Gross Income: 9600.00
  • Gross Scheduled Income: 800.00
  • Insurance Expense: 2400.00
  • Lot Size Area: 7405.0000 Square Feet
  • Net Operating Income: 3600.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Number With Carpet: 2
  • Operating Expense: 6000.00
  • Rent Control: No
  • Total Actual Rent: 800.00
  • Total Expenses: 10025.00

Tax Info

  • New Taxes Expense: 5225.00
  • Tax Block: 12
  • Tax Census Tract: 7.00
  • Tax Lot: 9

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 10, 2023
Sold by
Thomson Shanna
Bought by
Jemison Gregory W
Current Estimated Value
$537,504

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$404,825
Outstanding Balance
$394,536
Interest Rate
7.18%
Mortgage Type
New Conventional
Estimated Equity
$142,968

Purchase Details

Listed on
May 18, 2020
Closed on
Jun 19, 2020
Sold by
Langlois Lorna M
Bought by
Thomas Shanna
Seller's Agent
Bruce Smith
Hightower Real Estate Group
Buyer's Agent
Dustin Cheatham
Upside Real Estate
List Price
$475,000
Sold Price
$460,000
Premium/Discount to List
-$15,000
-3.16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.83%
Original Mortgage
$432,234
Interest Rate
3.2%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 28, 2005
Sold by
Langlois Lorna M and The Lorna M Langlois Living Tr
Bought by
Langlois Lorna M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
5.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 24, 2003
Sold by
Langlois Lorna M
Bought by
Langlois Lorna M and The Lorna M Langlois Living Trust
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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Purchase History

Date Buyer Sale Price Title Company
Jemison Gregory W $55,175 None Listed On Document
Thomas Shanna $460,000 Mid Valley Title & Escrow Co
Langlois Lorna M -- First American Title Ins Co
Langlois Lorna M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jemison Gregory W $404,825
Previous Owner Thomas Shanna $432,234
Previous Owner Langlois Lorna M $50,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/26/2020 06/26/20 Sold $460,000 -3.2% $179 / Sq Ft
06/04/2020 06/04/20 Pending -- -- --
05/18/2020 05/18/20 For Sale $475,000 -- $185 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $5,417 $499,800 $168,300 $331,500
2024 $5,417 $490,000 $165,000 $325,000
2023 $5,388 $483,540 $157,676 $325,864
2022 $5,303 $474,060 $154,585 $319,475
2021 $5,203 $464,765 $151,554 $313,211
2020 $921 $87,931 $19,179 $68,752
2019 $903 $86,207 $18,803 $67,404
2018 $885 $84,518 $18,435 $66,083
2017 $865 $82,862 $18,074 $64,788
2016 $789 $81,238 $17,720 $63,518
2015 $787 $80,018 $17,454 $62,564
2014 $767 $78,452 $17,113 $61,339
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN20091773

California Regional Multiple Listing Service (CRMLS)

APN: 003-431-005-000