NOT LISTED FOR SALE
6 Beds
3 Baths
2,880 Sq Ft
7,841 Sq Ft Lot

Sale Details

Date Sold: May 29, 2024

Last sale price $500,000 $174 Per Sq Ft

6 Days on Market

Highlights

  • Central Heating and Cooling System
  • Chico Junior High School Rated A-
  • Back and Front Yard

About This Home

As of May 2024

Discover the unique investment opportunity with this character-filled residential income property. Situated in a convenient location, this property features a quaint two-bedroom, one-bath house at the front, complete with a welcoming front porch. A laundry room flanks the dwellings— Just beyond the main house lies a two-story duplex; each unit offering spacious two bedrooms and one bathroom. The units are thoughtfully laid out, maximizing space and comfort. Accessed via the alley, this duplex provides privacy and exclusive off-street parking, enhancing tenant appeal. An ideal choice for investors seeking a property with reliable income potential and enduring appeal. Experience a blend of timeless character and practical living with this enticing investment.

Last Agent to Sell the Property

Steven Depa

Re/Max of Chico License #00813533 Listed on: 04/24/2024

Re/Max of Chico

Last Buyer's Agent

Jayme Foster

Re/Max of Chico License #02002903

Re/Max of Chico

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1980

Lot Details

  • 7,841 Sq Ft Lot
  • 1 Common Wall
  • Back and Front Yard

Home Design

  • Triplex
  • Entry on the 1st floor

Interior Spaces

  • 2,880 Sq Ft Home
  • 2-Story Property
  • Laundry in unit

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 19
  • Assessor Parcel Number 005234017000

Community Details

Overview

  • 2 Buildings
  • 3 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $295
  • Insurance Expense $2,045
  • Trash Expense $1,102
  • Water Sewer Expense $1,208
  • New Taxes Expense $5,456
  • Operating Expense $10,106
  • Gross Income $2,445
  • Net Operating Income $19,229

Property Details

Home Type

Multi-Family

Year Built

Built in 1980

Lot Details

7,841 Sq Ft Lot

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Water Sewer Expenses: 1208.00
  • Zoning: RD-1
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 005234017000
  • Year Built: 1980
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 173.61

Exterior Features

  • Pool Private: No

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 1102.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard
  • Lot Size Sq Ft: 7841.00
  • Lot Size Acres: 0.1800

Multi Family

  • Electric Expense: 295.00
  • Gross Income: 2444.58
  • Gross Scheduled Income: 29335.00
  • Insurance Expense: 2045.00
  • Lot Size Area: 7841.0000 Square Feet
  • Net Operating Income: 19229.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 10106.00
  • Rent Control: Yes
  • Total Expenses: 10106.00

Tax Info

  • New Taxes Expense: 5456.00
  • Tax Census Tract: 12.00
  • Tax Lot: 19

Ownership 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 Name Owned For Owner Type

Purchase Details

Listed on
Apr 24, 2024
Closed on
May 13, 2024
Sold by
Bought by
Seller's Agent
Steven Depa
Re/Max of Chico
Buyer's Agent
Jayme Foster
Re/Max of Chico
List Price
$485,000
Sold Price
$500,000
Premium/Discount to List
$15,000
3.09%
Views
16

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$342,500
Interest Rate
0.071%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 10, 2005
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
$500,000 Mid Valley 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
Closed $337,800
Closed $342,500
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
05/29/2024 05/29/24 Sold $500,000 +3.1% $174 / Sq Ft
04/30/2024 04/30/24 Pending -- -- --
04/24/2024 04/24/24 For Sale $485,000 -- $168 / 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
2025 $1,757 $510,000 $193,800 $316,200
2024 $1,757 $154,796 $43,149 $111,647
2023 $1,736 $151,761 $42,303 $109,458
2022 $1,709 $148,786 $41,474 $107,312
2021 $1,673 $145,869 $40,661 $105,208
2020 $1,672 $144,375 $40,245 $104,130
2019 $1,644 $141,545 $39,456 $102,089
2018 $1,613 $138,771 $38,683 $100,088
2017 $1,576 $136,051 $37,925 $98,126
2016 $1,443 $133,384 $37,182 $96,202
2015 $1,441 $131,381 $36,624 $94,757
2014 $1,412 $128,808 $35,907 $92,901
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN24079849

California Regional Multiple Listing Service (CRMLS)
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