NOT LISTED FOR SALE

1440 Spruce Ave Unit A Chico, CA 95926

Chico Vecino Neighborhood

Estimated Value: $394,570 - $468,000

4 Beds
2 Baths
1,810 Sq Ft
$240/Sq Ft Est. Value

Last Sold September 11, 2015

Last sale price $245,000 $135 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $2,563/month

167 Days on Market

Highlights

  • Fishing
  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Chico Junior High School Rated A-
  • Neighborhood Views
  • Laundry Room

About This Home

As of September 2015

UNDER MARKET RENT DUPLEX! This property presents a unique opportunity to own a duplex in the heart of Chico's avenues. Two 2 bedroom 1 bathroom units connected by a covered carport area. the front unit is approximately 730 SqFt 2BD/1BA and a larger 1,000+ SqFt unit in the rear. The front unit received extensive updating in the last two years! This property is hard to beat, dual pane windows, stucco, newer cabinets, newer appliances, long term tenants, Wow! Call today!

Last Agent to Sell the Property

Chari Bullock

American Homes and Land License #01426229 Listed on: 02/14/2015

Last Buyer's Agent

Mike McCrady

Michael McCrady, Broker License #01234296

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,664

Year Built

  • Built in 1980

Lot Details

  • 6,534 Sq Ft Lot
  • No Common Walls
  • Fence is in average condition

Home Design

  • Composition Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 1,810 Sq Ft Home
  • 1-Story Property
  • Carpet
  • Neighborhood Views

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Carport

Parking

  • 2 Parking Spaces
  • 2 Attached Carport Spaces
  • Parking Available

Location

  • Suburban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System
  • Wall Furnace
  • Conventional Septic

Listing and Financial Details

  • Assessor Parcel Number 003442020000

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Foothills

Amenities

  • Laundry Facilities

Recreation

  • Fishing

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,600
  • Trash Expense $800
  • Water Sewer Expense $500
  • New Taxes Expense $2,700
  • Operating Expense $5,700
  • Gross Income $1,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,664

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Road Surface Type: Paved
  • View: Yes
  • Water Sewer Expenses: 500.00
  • Property Type: Residential Income
  • Parcel Number: 003442020000
  • Year Built: 1980
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Entry Location: Ground Level With Steps
  • Common Walls: No Common Walls
  • Flooring: Carpet
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 135.36

Exterior Features

  • View: Neighborhood
  • Fencing: Average Condition
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Carport Spaces: 2.00
  • Parking: Yes
  • Parking Features: Carport, Attached Carport
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central, Wall Furnace
  • Laundry Features: Common Area, In Carport
  • Sewer: Conventional Septic
  • Trash Expense: 800.00
  • Water Source: Public
  • Cooling: Central Air, Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Foothills, Suburban

Lot Info

  • Additional Parcels: No
  • Lot Size Sq Ft: 6534.00
  • Price Per Lot Square Foot: 37.50
  • Lot Size Acres: 0.1500

Multi Family

  • Gross Income: 1600.00
  • Gross Scheduled Income: 19200.00
  • Insurance Expense: 1600.00
  • Lot Size Area: 6534.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Rent Control: No
  • Total Expenses: 5700.00
  • Waterfront Features: Fishing in Community

Tax Info

  • New Taxes Expense: 2700.00
  • Tax Annual Amount: 1664.00
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 14, 2015
Closed on
Sep 2, 2015
Sold by
Riley Matthew David and Riley Charlene Danette
Bought by
Nagy Bruce
Seller's Agent
Chari Bullock
American Homes and Land
Buyer's Agent
Mike McCrady
Michael McCrady, Broker
List Price
$263,000
Sold Price
$245,000
Premium/Discount to List
-$18,000
-6.84%
Current Estimated Value
$420,216

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$175,216
Avg. Annual Appreciation
5.60%
Original Mortgage
$220,000
Interest Rate
3.91%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 20, 2006
Sold by
Riley Matthew David and Riley Charlene Danette
Bought by
Riley Matthew David and Riley Charlene Danette

Purchase Details

Closed on
Oct 31, 2005
Sold by
Riley Charlene D and Cavier Charlene D
Bought by
Riley Matthew D and Riley Charlene D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,000
Interest Rate
5.9%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Mar 17, 2000
Sold by
Quinn Kathleen
Bought by
Cavier Charlene D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,325
Interest Rate
8.34%
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
Nagy Bruce $245,000 Mid Valley Title & Escrow Co
Riley Matthew David -- None Available
Riley Matthew David -- None Available
Riley Matthew D -- Mid Valley Title & Escrow Co
Cavier Charlene D $123,500 Bidwell Title & Escrow Compa
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nagy Bruce $7,349
Open Nagy Bruce $99,210
Open Nagy Bruce $356,125
Closed Nagy Bruce $27,000
Closed Nagy Bruce $248,000
Closed Nagy Bruce $220,000
Previous Owner Riley Matthew D $155,000
Previous Owner Cavier Charlene D $119,000
Previous Owner Cavier Charlene D $117,325
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/11/2015 09/11/15 Sold $245,000 -6.8% $135 / Sq Ft
07/31/2015 07/31/15 Pending -- -- --
02/14/2015 02/14/15 For Sale $263,000 -- $145 / 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 $3,149 $290,023 $147,972 $142,051
2024 $3,149 $284,337 $145,071 $139,266
2023 $3,111 $278,763 $142,227 $136,536
2022 $3,061 $273,298 $139,439 $133,859
2021 $3,004 $267,940 $136,705 $131,235
2020 $2,995 $265,194 $135,304 $129,890
2019 $2,941 $259,995 $132,651 $127,344
2018 $2,887 $254,898 $130,050 $124,848
2017 $2,829 $249,900 $127,500 $122,400
2016 $2,582 $245,000 $125,000 $120,000
2015 $1,693 $157,927 $63,937 $93,990
2014 $1,664 $154,834 $62,685 $92,149
Source: Public Records

Agents Affiliated with this Home

  • Chari Bullock

    Seller's Agent in 2015

    Chari Bullock

    American Homes and Land

    (530) 680-7898

    2 in this area

    240 Total Sales

    Section Image

  • M

    Buyer's Agent in 2015

    Mike McCrady

    Michael McCrady, Broker

    (530) 321-3726

    3 in this area

    30 Total Sales

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PA15032136

California Regional Multiple Listing Service (CRMLS)

APN: 003-442-020-000

California Butte County Chico 95926 Chico Vecino

1440 Spruce Ave Unit A, Chico, CA

This home is located at 1440 Spruce Ave Unit A, Chico, CA 95926 since 14 February 2015 and is currently estimated at $434,393, approximately $239 per square foot. This property was built in 1980. 1440 Spruce Ave Unit A is a home located in Butte County with nearby schools including Citrus Avenue Elementary School, Chico Junior High School, and Chico High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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