NOT LISTED FOR SALE

1507 W 5th St Chico, CA 95928

South Campus Neighborhood
8 Beds
5 Baths
4,300 Sq Ft
0.64 Acres

Last Sold August 31, 2012

Last sale price $315,000 $73 Per Sq Ft

54 Days on Market

Highlights

  • RV Access or Parking
  • 0.64 Acre Lot
  • Wooded Lot
  • Chico Junior High School Rated A-
  • Craftsman Architecture
  • Private Yard

About This Home

As of August 2012

WOW-- $50,000 PRICE REDUCTION!! GREAT OPPORTUNITY FOR INVESTOR LOOKING FOR OWNER FINANCING. HAVE 5 RESIDENTIAL UNITS WITH 4 GARAGE SPACES AND STORAGE BLDGS. MAIN HOUSE WAS BUILT IN 1910 AND IS DIVIDED INTO 2 BEDROOM, 1 BATHROOM DUPLEX, ONE UNIT OVER 1,500 SQ. FT., OTHER DUPLEX UNIT 812 SQ. FT., PLUS 3 DETACHED HOUSES THAT TOTAL OVER 2,000 SQ. FT.. TOTAL MONTHLY INCOME IS PRESENTLY $2,600 WITH POTENTIAL FOR MONTHLY INCREASES! LARGE OVER-SIZED LOT WITH POSSIBLE SPACE TO BUILD MORE UNITS. THIS PROPERTY WILL NEED SOME TLC, OWNER IS OUT OF STATE AND WILL CONSIDER ALL REASONABLE OFFERS. PROPERTY IS BEING SOLD IN-ITS-AS-VIEWED-IN CONDITION.

Last Agent to Sell the Property

Frank Zebley

Zebley & Associates License #00561259 Listed on: 06/13/2012

Last Buyer's Agent

Tamara Lambert

Thrive Real Estate Company License #01728469

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1910

Lot Details

  • 0.64 Acre Lot
  • Paved or Partially Paved Lot
  • Wooded Lot
  • Private Yard
  • Lawn

Parking

  • 4 Car Garage
  • Parking Available
  • Front Facing Garage
  • Side by Side Parking
  • Driveway
  • RV Access or Parking
  • Unassigned Parking

Home Design

  • Craftsman Architecture
  • Victorian Architecture
  • Fixer Upper
  • Brick Foundation
  • Raised Foundation
  • Frame Construction
  • Asbestos
  • Concrete Perimeter Foundation
  • Stucco

Interior Spaces

  • 4,300 Sq Ft Home
  • Crown Molding
  • Blinds
  • Window Screens
  • Storage
  • Fire and Smoke Detector

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Outdoor Features

  • Outdoor Storage

Utilities

  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating and Cooling System
  • Space Heater
  • Heating System Uses Natural Gas
  • Gas Water Heater
  • Sewer Paid
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 004108017000

Community Details

Overview

  • No Home Owners Association
  • 4 Buildings
  • 5 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $3,000
  • Insurance Expense $1,500
  • Maintenance Expense $500
  • Water Sewer Expense $1,000
  • New Taxes Expense $2,000
  • Gross Income $2,600
  • Net Operating Income $21,200

Property Details

Home Type

Multi-Family

Year Built

Built in 1910

Lot Details

0

Parking

4

Listing Details

  • Inclusions: MOST UNITS INCLUDE STOVE, REFRIGERATOR, WINDOW COVERINGS
  • Road Frontage Type: City Street
  • Security: Smoke Detector(s)
  • Water Sewer Expenses: 1000.00
  • Architectural Style: Craftsman, Victorian
  • Property Condition: Fixer
  • Property Type: Residential Income
  • Parcel Number: 004108017000
  • Year Built: 1910
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Crown Molding, Storage
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 73.26
  • Window Features: Blinds, Screens

Exterior Features

  • Foundation: Brick/Mortar, Concrete Perimeter, Raised
  • Other Structures: Storage
  • Construction Materials: Asbestos, Frame, Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Driveway, Garage Faces Front, Garage, Oversized, RV Access/Parking, Side by Side, Unassigned
  • Total Parking Spaces: 35.00

Utilities

  • Utilities: Cable Available, Natural Gas Available, Sewer Connected, Phone Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Electric Water Heater, Gas Water Heater, Refrigerator
  • Electric: Electricity - On Property
  • Heating Type: Central, Forced Air, Natural Gas, Space Heater
  • Laundry Features: Dryer Included, Electric Dryer Hookup, Gas Dryer Hookup, Inside, Individual Room, Stackable, Washer Hookup, Washer Included
  • Sewer: Sewer Paid
  • Water Source: Public
  • Cooling: Central Air, Electric, Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Lot Info

  • Lot Features: Lawn, Lot 20000-39999 Sqft, Paved, Treed Lot, Yard
  • Lot Size Sq Ft: 27878.00
  • Lot Size Acres: 0.6400

Multi Family

  • Electric Expense: 3000.00
  • Gross Income: 2600.00
  • Gross Scheduled Income: 31200.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 27878.0000 Square Feet
  • Maintenance Expense: 500.00
  • Net Operating Income: 21200.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 5
  • Operating Expense: 10000.00
  • Rent Control: No
  • Total Actual Rent: 2600.00

Tax Info

  • New Taxes Expense: 2000.00
  • Tax Year: 2011

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/31/2012 08/31/12 Sold $315,000 -16.0% $73 / Sq Ft
08/06/2012 08/06/12 Pending -- -- --
06/13/2012 06/13/12 For Sale $375,000 -- $87 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • F

    Seller's Agent in 2012

    Frank Zebley

    Zebley & Associates

  • Tamara Lambert

    Buyer's Agent in 2012

    Tamara Lambert

    Thrive Real Estate Company

    55 Total Sales

    Tamara Lambert
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CH12074546

California Regional Multiple Listing Service (CRMLS)
California Butte County Chico 95928 South Campus

1507 W 5th St, Chico, CA

Not Listed for Sale

MultiFamily

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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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