Lora Trenner
Re/Max Home and Investment
(530) 767-4094
119 Total Sales
6 in Chico Vecino
$310K - $775K Price Range
1502 N Cherry St Chico, CA 95926
Chico Vecino Neighborhood
8
Beds
4
Baths
6,520
Sq Ft
0.46
Acre Lot
Highlights
- 20,038 Sq Ft lot
- Landscaped
- Laundry Facilities
- Chico Junior High School Rated A-
- Central Heating
- 1-Story Property
About This Home
As of May 2018This 8 unit complex is in a great location within close proximity to Chico State University, Enloe Hospital and downtown Chico. The excellent location provides for a very broad tenant base and translates to an extremely solid rental history. Low maintenance stucco exterior, onsite laundry facility and abundant off-street parking add to the appeal as well. Property is under professional management, is fully occupied and ready for an easy transition to new owner... **Long term tenants reside in a number of the units and currently have lower than market rents as a result. There is significant upside on rents for future owner.
Last Agent to Sell the Property
Re/Max of Chico License #01236305 Listed on: 03/23/2018
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1973
Lot Details
- 20,038 Sq Ft Lot
- Two or More Common Walls
- Landscaped
Home Design
- Property Attached
Interior Spaces
- 6,520 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Bathrooms
Additional Features
- Rain Gutters
- Central Heating
Listing and Financial Details
- Assessor Parcel Number 043132044000
Community Details
Building Details
- 8 Leased Units
- 8 Separate Electric Meters
- 8 Separate Gas Meters
- 1 Separate Water Meter
- Operating Expense $19,039
- Gross Income $64,788
- Net Operating Income $45,749
Additional Features
- 8 Units
- Laundry Facilities
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
Mar 23, 2018
Closed on
May 7, 2018
Sold by
Bought by
Seller's Agent
Daniel Bosch
Re/Max of Chico
Buyer's Agent
Brandi Laffins
Re/Max of Chico
List Price
$785,000
Sold Price
$715,520
Premium/Discount to List
-$69,480
-8.85%
Purchase Details
Closed on
Sep 3, 2005
Sold by
Bought by
Purchase Details
Closed on
May 26, 2005
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Chico Vecino, CA
-
Lora Trenner
-
Heather Boer
Heather Boer
HB Ranch and Home Properties, EXP of Northern Ca
(530) 767-4290
130 Total Sales
5 in Chico Vecino
$285K - $420K Price Range
-
Jacob Darr
Jacob Darr
NextHome North Valley Realty
(530) 767-3889
113 Total Sales
1 in Chico Vecino
$549,000 Price
-
Kelly McCarthy
Kelly McCarthy
eXp Realty of California Inc.
(530) 734-2744
305 Total Sales
1 in Chico Vecino
$410,000 Price
-
Jose Flores
Jose Flores
Real Estate Solutions
(916) 282-2437
16 Total Sales
2 in Chico Vecino
$560,000 Price Range
-
Brian Voigt
Brian Voigt
Re/Max Home and Investment
(530) 385-0752
376 Total Sales
2 in Chico Vecino
$309K - $310K Price Range
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 |
|---|---|---|---|
| $716,000 | Mid Valley Title & Escrow Co | ||
| $725,000 | Mid Valley Title & Escrow Co | ||
| -- | -- | ||
| -- | -- |
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 |
|---|---|---|---|
| Open | $500,000 |
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 |
|---|---|---|---|---|
| 05/17/2018 05/17/18 | Sold | $715,520 | -8.9% | $110 / Sq Ft |
| 05/12/2018 05/12/18 | Pending | -- | -- | -- |
| 03/23/2018 03/23/18 | For Sale | $785,000 | -- | $120 / 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 |
|---|---|---|---|---|
| 2025 | $9,446 | $813,698 | $318,589 | $495,109 |
| 2024 | $8,872 | $794,803 | $312,343 | $482,460 |
| 2023 | $8,769 | $782,219 | $306,219 | $476,000 |
| 2022 | $8,628 | $766,941 | $300,215 | $466,726 |
| 2021 | $8,467 | $751,963 | $294,329 | $457,634 |
| 2020 | $8,444 | $744,285 | $291,312 | $452,973 |
| 2019 | $8,292 | $729,750 | $285,600 | $444,150 |
| 2018 | $8,154 | $718,000 | $300,000 | $418,000 |
| 2017 | $7,897 | $693,000 | $300,000 | $393,000 |
| 2016 | $7,355 | $693,000 | $300,000 | $393,000 |
| 2015 | $7,252 | $673,000 | $300,000 | $373,000 |
| 2014 | $6,317 | $588,000 | $300,000 | $288,000 |
Source: Public Records
Agents Affiliated with this Home
-
Daniel Bosch
Seller's Agent in 2018
Daniel Bosch
RE/MAX
(530) 321-8330
2 in this area
71 Total Sales
-
Brandi Laffins
Buyer's Agent in 2018
Brandi Laffins
RE/MAX
(530) 321-9562
11 in this area
139 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SN18066053
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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