CA
Seller's Agent in 2019
Candace Andel
Century 21 Select Real Estate, Inc.
1443 W 7th St Chico, CA 95928
Chico Area
6
Beds
6
Baths
2,234
Sq Ft
6,970
Sq Ft Lot
Highlights
- Carpet
- Wall Furnace
- 1-Story Property
- Chico Junior High School Rated A-
About This Home
As of September 2019Lovely six unit investment property or live in one unit and rent out the others. The property consists of 4 1-bedroom units and 2 studios between 4 structures with a tremendous rental history. There is also a centrally located structure that used to be showers and a toilet. In need of some repairs this is an "As-Is" sale, inspections are on file. Proforma cap rate is 8.57% and is currently producing income. Property has mature landscaping, 7 electrical meters, and is on city water. Perfect college rental with many students still looking for housing for the 2019-2020 school year.
Last Agent to Sell the Property
Candace Andel
Century 21 Select Real Estate, Inc. License #02040053 Listed on: 08/19/2019
Last Buyer's Agent
Kristen Keller
Keller Williams Realty Chico Area License #01952832
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1940
Lot Details
- 6,970 Sq Ft Lot
- 1 Common Wall
- Density is up to 1 Unit/Acre
Home Design
- Property Attached
- Composition Roof
Interior Spaces
- 2,234 Sq Ft Home
- 1-Story Property
Kitchen
- Gas Range
- Freezer
Flooring
- Carpet
- Laminate
Bedrooms and Bathrooms
- 6 Bedrooms
- 6 Bathrooms
Location
- Urban Location
Utilities
- Cooling System Mounted To A Wall/Window
- Wall Furnace
- Conventional Septic
Listing and Financial Details
- Tax Lot 21-23
- Assessor Parcel Number 004500028000
Community Details
Overview
- 4 Buildings
- 6 Units
Building Details
- 3 Leased Units
- Rent Control
- 7 Separate Electric Meters
- 6 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $194
- Gardener Expense $1,451
- Insurance Expense $1,934
- Professional Management Expense $410
- Trash Expense $954
- Water Sewer Expense $913
- New Taxes Expense $3,870
- Operating Expense $17,728
- Gross Income $45,360
- Net Operating Income $27,632
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
Aug 19, 2019
Closed on
Sep 9, 2019
Sold by
Burt Marva O and The Burt Family Trust
Bought by
Seller's Agent
Candace Andel
Century 21 Select Real Estate, Inc.
Buyer's Agent
Kristen Keller
Keller Williams Realty Chico Area
List Price
$322,500
Sold Price
$395,000
Premium/Discount to List
$72,500
22.48%
Purchase Details
Closed on
Aug 9, 2004
Sold by
Branson James D and Branson Karen D
Bought by
Burt Steven A and Burt Marva O
Purchase Details
Closed on
Oct 11, 1998
Sold by
Holmes Julienne and The Julienne Holmes Trust
Bought by
Branson James D and Branson Karen D
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
6.88%
Mortgage Type
Seller Take Back
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 |
|---|---|---|---|
| $395,000 | Mid Valley Title & Escrow Co | ||
| Burt Steven A | $430,000 | -- | |
| Branson James D | $40,000 | -- |
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 |
|---|---|---|---|
| Previous Owner | $40,000 |
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 |
|---|---|---|---|---|
| 09/11/2019 09/11/19 | Sold | $395,000 | +22.5% | $177 / Sq Ft |
| 08/26/2019 08/26/19 | Pending | -- | -- | -- |
| 08/19/2019 08/19/19 | For Sale | $322,500 | -- | $144 / 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 |
|---|---|---|---|---|
| 2026 | $5,047 | $440,624 | $139,437 | $301,187 |
| 2025 | $5,047 | $431,985 | $136,703 | $295,282 |
| 2024 | $4,730 | $423,516 | $134,023 | $289,493 |
| 2023 | $4,675 | $415,213 | $131,396 | $283,817 |
| 2022 | $4,596 | $407,072 | $128,820 | $278,252 |
| 2021 | $4,509 | $399,092 | $126,295 | $272,797 |
| 2020 | $4,497 | $395,000 | $125,000 | $270,000 |
| 2019 | $6,108 | $537,305 | $199,926 | $337,379 |
| 2018 | $5,128 | $450,000 | $150,000 | $300,000 |
| 2017 | $5,122 | $450,000 | $150,000 | $300,000 |
| 2016 | $4,561 | $430,000 | $150,000 | $280,000 |
| 2015 | $4,629 | $430,000 | $150,000 | $280,000 |
| 2014 | $3,879 | $360,000 | $75,000 | $285,000 |
Source: Public Records
Agents Affiliated with this Home
-
-
Teresa Larson
Seller Co-Listing Agent in 2019
Teresa Larson
Parkway Real Estate Co.
(530) 899-5925
97 Total Sales
-
KK
Buyer's Agent in 2019
Kristen Keller
Keller Williams Realty Chico Area
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SN19198728
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.
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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