NOT LISTED FOR SALE

1308 Palm Ave Chico, CA 95926

Chico Vecino Neighborhood
9 Beds
3 Baths
2,997 Sq Ft
10,019 Sq Ft Lot

Last Sold May 06, 2016

Last sale price $357,000 $119 Per Sq Ft

158 Days on Market

About This Home

As of May 2016

Fully occupied triplex consisting of one single family home and a separate duplex. Awesome location, large lot with separate yards, mature landscaping, asphalt parking lot and so much income potential! Upside on under-priced rental units for the avenues. Listed at only $142 per square foot and ready for a new owner to doll it up. At this price, location and rental income this is a must see triplex. Owner may use a 1031 exchange.

Last Agent to Sell the Property

Bruce Smith

Hightower Real Estate Group License #00756045 Listed on: 09/20/2015

Last Buyer's Agent

Robin Miller

Parkway Real Estate Co. License #01483965

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1983

Lot Details

  • 10,019 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 6 Parking Spaces

Home Design

  • 2,997 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 3 Bathrooms

Additional Features

  • Suburban Location
  • Conventional Septic

Listing and Financial Details

  • Assessor Parcel Number 003444036000

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Insurance Expense $200
  • Trash Expense $80
  • Water Sewer Expense $100
  • Gross Income $2,700
  • Net Operating Income $24,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 100.00
  • Property Type: Residential Income
  • Parcel Number: 003444036000
  • Year Built: 1983
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 119.12

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 6.00

Utilities

  • Sewer: Conventional Septic
  • Trash Expense: 80.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 10019.00
  • Price Per Lot Square Foot: 35.63
  • Lot Size Acres: 0.2300

Multi Family

  • Gross Income: 2700.00
  • Gross Scheduled Income: 31800.00
  • Insurance Expense: 200.00
  • Lot Size Area: 10019.0000 Square Feet
  • Net Operating Income: 24000.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Total: 3
  • Operating Expense: 800.00
  • Rent Control: No

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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

Property History

Date Event Price List to Sale Price per Sq Ft
05/06/2016 05/06/16 Sold $357,000 -16.0% $119 / Sq Ft
02/25/2016 02/25/16 Pending -- -- --
09/20/2015 09/20/15 For Sale $425,000 -- $142 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2016

    Bruce Smith

    Hightower Real Estate Group

    (530) 715-0020

    3 Total Sales

    Bruce Smith
    Section Image

  • R

    Buyer's Agent in 2016

    Robin Miller

    Parkway Real Estate Co.

    (530) 809-3700

    29 Total Sales

    Robin Miller
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CH15207717

California Regional Multiple Listing Service (CRMLS)

APN: 003-444-036

California Butte County Chico 95926 Chico Vecino

1308 Palm Ave, Chico, CA

Not Listed for Sale

MultiFamily

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