Seller's Agent in 2024
Steven Depa
RE/MAX
(530) 520-8672
144 Total Sales
Estimated Value: $271,993 - $385,000
3
Beds
2
Baths
1,150
Sq Ft
$280/Sq Ft
Est. Value
Highlights
- Cooling System Mounted To A Wall/Window
- Laundry Room
- Back Yard
- Chico Junior High School Rated A-
- Wall Furnace
About This Home
As of March 2024Charming Income Property Near Chico State University – Ideal Investment Opportunity! Nestled in a quaint neighborhood on the west side of Chico, and conveniently situated near to Chico State University and the vibrant downtown Chico this income generating property is an attractive option for a variety of tenants. The charming main house features 2 bedrooms and 1 bathroom with a spacious laundry area that offers ample room for additional storage – a practical feature for tenants! Above the main house sits a bright and inviting 1 bedroom, 1 bathroom apartment. This property also offers an external storage shed sits amidst a lush, low-maintenance landscape, with off street parking. With a GSI of ~$23,500 a year, this property presents a lucrative opportunity for investors looking to expand their portfolio. PLEASE DO NOT DISTURB TENANTS.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $946
Year Built
- Built in 1920
Lot Details
- 4,356 Sq Ft Lot
- 1 Common Wall
- Back Yard
Home Design
- Duplex
Interior Spaces
- 1,150 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
Location
- Suburban Location
Utilities
- Cooling System Mounted To A Wall/Window
- Wall Furnace
Listing and Financial Details
- Tax Lot 7
- Assessor Parcel Number 004500073000
Community Details
Overview
- 2 Units
Building Details
- Rent Control
- 1 Separate Electric Meter
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Insurance Expense $1,173
- Trash Expense $307
- Water Sewer Expense $904
- New Taxes Expense $3,364
- Operating Expense $5,748
- Gross Income $1,960
- Net Operating Income $17,772
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 31, 2024
Closed on
Feb 27, 2024
Sold by
Campos Properties Lp
Bought by
Robinson William B
Seller's Agent
Steven Depa
Re/Max of Chico
Buyer's Agent
Heather DeLuca
Re/Max of Chico
List Price
$299,000
Sold Price
$312,000
Premium/Discount to List
$13,000
4.35%
Views
29
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$6,518
Avg. Annual Appreciation
2.63%
Original Mortgage
$280,800
Outstanding Balance
$276,718
Interest Rate
6.69%
Mortgage Type
New Conventional
Estimated Equity
$47,016
Purchase Details
Closed on
Dec 17, 2014
Sold by
Campos Michael D and Campos Nancy
Bought by
Campos Properties Limited Partnership
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Robinson William B | $312,000 | Mid Valley Title | |
| Campos Properties Limited Partnership | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Robinson William B | $280,800 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/11/2024 03/11/24 | Sold | $312,000 | +4.3% | $271 / Sq Ft |
| 02/07/2024 02/07/24 | Pending | -- | -- | -- |
| 01/31/2024 01/31/24 | For Sale | $299,000 | -- | $260 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $946 | $318,240 | $168,300 | $149,940 |
| 2024 | $946 | $83,967 | $44,194 | $39,773 |
| 2023 | $936 | $82,322 | $43,328 | $38,994 |
| 2022 | $920 | $80,709 | $42,479 | $38,230 |
| 2021 | $902 | $79,128 | $41,647 | $37,481 |
| 2020 | $900 | $78,317 | $41,220 | $37,097 |
| 2019 | $884 | $76,782 | $40,412 | $36,370 |
| 2018 | $866 | $75,277 | $39,620 | $35,657 |
| 2017 | $849 | $73,802 | $38,844 | $34,958 |
| 2016 | $776 | $72,356 | $38,083 | $34,273 |
| 2015 | $776 | $71,270 | $37,511 | $33,759 |
| 2014 | $772 | $69,875 | $36,777 | $33,098 |
Source: Public Records
Agents Affiliated with this Home
-
-
Buyer's Agent in 2024
Heather DeLuca
RE/MAX
(530) 228-1480
114 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SN24017770
APN: 004-500-073-000
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