NOT LISTED FOR SALE

1368 Ringtail Way Chico, CA 95973

Estimated Value: $545,000 - $585,000

5 Beds
4 Baths
2,287 Sq Ft
$249/Sq Ft Est. Value

Last Sold December 07, 2020

Last sale price $499,000 $218 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $3,512/month

5 Days on Market

Highlights

  • Open Floorplan
  • High Ceiling
  • Neighborhood Views
  • Bidwell Junior High School Rated A-
  • No HOA
  • Living Room

About This Home

As of December 2020

Location, Location, Location! Close to Bidwell Park, this well maintained duplex is the perfect investment opportunity; or live in one and rent out the other!  The 3 bedroom 2 bathroom main unit has the favored open floor plan, high ceilings and ample number of windows that make the space feel light and bright. Open to the living room, the kitchen features plenty of counter space, loads of cabinetry, a gas range and a breakfast bar. Relax and unwind in the spacious master bedroom that offers a large closet and en suite bath that is perfect for getting ready in the morning. Other amenities include a separate laundry room, a large guest bath, ceilings fans throughout and a 2 car garage. Head upstairs, through the separate entrance, to the spotless 2 bedroom 2 bathroom second unit.  It features high ceilings, a large living space and a full kitchen equipped with tile counters, gas range, a dishwasher, under cabinet lights and a center island. That’s not all. In the second unit, you will find a private balcony, a separate laundry, newer water heater, ceilings fans throughout, upgraded light fixtures, surround sound and a 1 car garage. The list goes on! With its location near schools, restaurants, Wildwood and Bidwell park to its potential rental income you won't want to miss this wonderful opportunity!

Last Agent to Sell the Property

Brandi Laffins

Re/Max of Chico License #01140900 Listed on: 10/29/2020

Re/Max of Chico

Last Buyer's Agent

Kurt Gilbertson

Gilbertson Real Estate License #00805045

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,981

Year Built

  • Built in 2006

Lot Details

  • 4,792 Sq Ft Lot
  • 1 Common Wall
  • Wood Fence
  • Front Yard
  • Density is up to 1 Unit/Acre

Parking

  • 3 Car Garage
  • Parking Available
  • Driveway

Home Design

  • Duplex
  • Composition Roof

Interior Spaces

  • 2,287 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • High Ceiling
  • Ceiling Fan
  • Living Room
  • Living Room Balcony
  • Neighborhood Views
  • Laundry Room

Kitchen

  • Gas Oven
  • Gas Range
  • Dishwasher

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Additional Features

  • Exterior Lighting
  • Suburban Location
  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 245
  • Assessor Parcel Number 016320046000

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $1,169
  • Trash Expense $442
  • New Taxes Expense $4,802
  • Operating Expense $4,562
  • Gross Income $30,300
  • Net Operating Income $26,907

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,981

Year Built

Built in 2006

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • View: Yes
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 016320046000
  • Year Built: 2006
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s), High Ceilings, Living Room Balcony, Open Floorplan
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Laminate
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 218.19
  • Room Type: Kitchen, Laundry, Living Room, Master Bathroom, Master Bedroom

Exterior Features

  • View: Neighborhood
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Driveway, Garage
  • Total Parking Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Oven, Gas Range
  • Heating Type: Central
  • Laundry Features: Individual Room, Inside
  • Sewer: Public Sewer
  • Trash Expense: 442.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Front Yard
  • Lot Size Sq Ft: 4792.00
  • Lot Size Acres: 0.1100

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 30300.00
  • Gross Scheduled Income: 30300.00
  • Insurance Expense: 1169.00
  • Lot Size Area: 4792.0000 Square Feet
  • Net Operating Income: 26907.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Number With Carpet: 2
  • Number With Dishwasher: 2
  • Number With Disposal: 2
  • Number With Patio: 2
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 3393.00
  • Rent Control: Yes
  • Total Expenses: 4562.00

Tax Info

  • New Taxes Expense: 4802.00
  • Tax Census Tract: 1.03
  • Tax Lot: 245

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 29, 2020
Closed on
Nov 25, 2020
Sold by
Curtis Kerry P and Curtis Lynn W
Bought by
Crawford Robert J and Crawford Margaret P
Seller's Agent
Brandi Laffins
Re/Max of Chico
Buyer's Agent
Kurt Gilbertson
Gilbertson Real Estate
List Price
$499,000
Sold Price
$499,000
Current Estimated Value
$568,419

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$69,419
Avg. Annual Appreciation
3.00%

Purchase Details

Closed on
Aug 8, 2007
Sold by
Curtis Kerry P and Curtis Lynn W
Bought by
Curtis Kerry P and Curtis Lynn W

Purchase Details

Closed on
Feb 21, 2007
Sold by
Mariposa Traditions Inc
Bought by
Curtis Kerry P and Curtis Lynn W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$312,800
Interest Rate
6.62%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Crawford Robert J $499,000 Mid Valley Title & Escrow Co
Curtis Christopher John -- Mid Valley Title & Escrow Co
Curtis Kerry P -- None Available
Curtis Kerry P $391,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Curtis Kerry P $312,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/07/2020 12/07/20 Sold $499,000 0.0% $218 / Sq Ft
11/03/2020 11/03/20 Pending -- -- --
10/29/2020 10/29/20 For Sale $499,000 -- $218 / 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 $5,981 $540,131 $194,837 $345,294
2024 $5,981 $529,541 $191,017 $338,524
2023 $5,843 $519,159 $187,272 $331,887
2022 $5,752 $508,980 $183,600 $325,380
2021 $5,644 $499,000 $180,000 $319,000
2020 $5,415 $475,000 $160,000 $315,000
2019 $4,802 $420,000 $160,000 $260,000
2018 $4,285 $375,000 $125,000 $250,000
2017 $4,171 $365,000 $130,000 $235,000
2016 $3,741 $350,000 $120,000 $230,000
2015 $3,755 $345,000 $120,000 $225,000
2014 $3,074 $280,000 $85,000 $195,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN20228307

California Regional Multiple Listing Service (CRMLS)

APN: 016-320-046-000