NOT LISTED FOR SALE

Estimated Value: $1,001,107 - $1,089,000

16 Beds
8 Baths
5,376 Sq Ft
$194/Sq Ft Est. Value

Last Sold February 21, 2023

Last sale price $925,000 $172 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $6,328/month

106 Days on Market

Highlights

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

About This Home

As of February 2023

Close to CSU, Chico and downtown, this multifamily investment property features (4) spacious, 4 bedroom/2 bath units— Arranged into two townhomes, with only one common wall— These spacious units have been updated with fun colors & fixtures; while offering the comfort and convenience of in-unit laundry, and central heat & air with nest thermostats. Lower level floor plan is open and inviting; with a well appointed kitchen, breakfast bar, living & dining room, one bedroom and full bathroom. Venture upstairs to find 3 additional bedrooms, a private balcony & additional full bathroom with stacked washer & dryer. Fresh exterior paint, low maintenance landscape and off street parking are an added bonus! Call today for more details!

Last Agent to Sell the Property

Steven Depa

Re/Max of Chico License #00813533 Listed on: 10/07/2022

Re/Max of Chico

Last Buyer's Agent

Sandi Bauman

Chico Homes License #01460929

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1983

Lot Details

  • 0.26 Acre Lot
  • Two or More Common Walls
  • Back Yard

Home Design

  • Quadruplex

Interior Spaces

  • 5,376 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • Laundry Room

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 8 Bathrooms

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 7
  • Assessor Parcel Number 043162033000

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $420
  • Gardener Expense $1,800
  • Insurance Expense $2,470
  • Maintenance Expense $20,000
  • Trash Expense $1,920
  • Water Sewer Expense $1,860
  • New Taxes Expense $10,113
  • Operating Expense $38,583
  • Gross Income $7,550
  • Net Operating Income $45,417

Property Details

Home Type

Multi-Family

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 1860.00
  • Zoning: 00
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1800.00
  • Parcel Number: 043162033000
  • Year Built: 1983
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 172.06

Exterior Features

  • Pool Private: No

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 1920.00
  • 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
  • Lot Size Sq Ft: 11326.00
  • Lot Size Acres: 0.2600

Multi Family

  • Electric Expense: 420.00
  • Gross Income: 7550.00
  • Gross Scheduled Income: 84000.00
  • Insurance Expense: 2470.00
  • Lot Size Area: 11326.0000 Square Feet
  • Maintenance Expense: 20000.00
  • Net Operating Income: 45417.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 38583.00
  • Rent Control: Yes
  • Total Expenses: 38583.00

Tax Info

  • New Taxes Expense: 10113.00
  • Tax Census Tract: 6.04
  • Tax Lot: 7

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 7, 2022
Closed on
Feb 7, 2023
Sold by
Kong Keng P and Kong Rachel
Bought by
Osm Investment Company
Seller's Agent
Steven Depa
Re/Max of Chico
Buyer's Agent
Sandi Bauman
Chico Homes
List Price
$899,000
Sold Price
$925,000
Premium/Discount to List
$26,000
2.89%
Views
80
Current Estimated Value
$1,043,036

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$118,036
Avg. Annual Appreciation
4.24%

Purchase Details

Listed on
Mar 31, 2014
Closed on
May 12, 2014
Sold by
Depa Matthew C
Bought by
Kong Keng P and Jiang Rachel
Seller's Agent
Steven Depa
Re/Max of Chico
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$419,500
Sold Price
$404,000
Premium/Discount to List
-$15,500
-3.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.91%
Original Mortgage
$303,000
Interest Rate
4.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 15, 2013
Sold by
Hollowell William S and Rossetti Phillip A
Bought by
Depa Matthew C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,015
Interest Rate
3.98%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 16, 2004
Sold by
Moulos Elaine
Bought by
Hollowell William S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$383,250
Interest Rate
5.39%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 13, 2002
Sold by
Archbold Kevin
Bought by
Moulos Elaine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$333,750
Interest Rate
7.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 10, 2000
Sold by
Mccrady Michael
Bought by
Archbold Kevin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,120
Interest Rate
10.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 23, 1997
Sold by
Federal National Mortgage Association
Bought by
Mccrady Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,500
Interest Rate
7.33%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 11, 1997
Sold by
Ellen B M and Ellen Phyllis
Bought by
Federal National Mortgage Association
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
Osm Investment Company $925,000 Timios Title
Kong Keng P $404,000 Multiple
Depa Matthew C $220,000 Fidelity National Title Co
Hollowell William S $511,000 --
Moulos Elaine $445,000 Bidwell Title & Escrow Compa
Archbold Kevin $247,500 Chicago Title Co
Mccrady Michael $138,000 Bidwell Title & Escrow Compa
Federal National Mortgage Association $188,433 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kong Keng P $303,000
Previous Owner Depa Matthew C $216,015
Previous Owner Hollowell William S $383,250
Previous Owner Moulos Elaine $333,750
Previous Owner Archbold Kevin $210,120
Previous Owner Mccrady Michael $103,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/21/2023 02/21/23 Sold $925,000 -2.6% $172 / Sq Ft
01/21/2023 01/21/23 Pending -- -- --
10/14/2022 10/14/22 Price Changed $950,000 +5.7% $177 / Sq Ft
10/07/2022 10/07/22 For Sale $899,000 +122.5% $167 / Sq Ft
05/19/2014 05/19/14 Sold $404,000 -3.7% $75 / Sq Ft View Prior Sale
04/07/2014 04/07/14 Pending -- -- --
03/31/2014 03/31/14 For Sale $419,500 -- $78 / 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 $10,492 $966,370 $156,060 $810,310
2024 $10,492 $943,500 $153,000 $790,500
2023 $5,332 $476,007 $147,278 $328,729
2022 $5,246 $466,675 $144,391 $322,284
2021 $5,148 $457,525 $141,560 $315,965
2020 $5,134 $452,835 $140,109 $312,726
2019 $5,041 $443,957 $137,362 $306,595
2018 $4,949 $435,253 $134,669 $300,584
2017 $4,881 $426,720 $132,029 $294,691
2016 $4,459 $418,354 $129,441 $288,913
2015 $4,459 $412,071 $127,497 $284,574
2014 $3,939 $365,000 $100,000 $265,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN22216983

California Regional Multiple Listing Service (CRMLS)

APN: 043-162-033-000