NOT LISTED FOR SALE

Estimated Value: $771,000 - $885,588

6 Beds
5 Baths
3,403 Sq Ft
$243/Sq Ft Est. Value

Last Sold July 16, 2015

Last sale price $546,000 $160 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $5,204/month

2 Days on Market

Highlights

  • Contemporary Architecture
  • High Ceiling
  • Neighborhood Views
  • Chico Junior High School Rated A-
  • No HOA
  • Balcony

About This Home

As of July 2015

Turnkey income property with good rental history in excellent condition. Great location in Chico. 3 units with high ceilings, tons of natural light, large kitchens with eating nook and spacious bedrooms and baths. All units are alarmed through ADT with sensors on all downstairs windows. 2 units have new interior paint and the 3 bedroom has tile thoughout the main living areas, kitchen, living and dining nook with 2 story ceiling in family room. The 1 bedroom has vaulted ceilings with wood beams and open kitchen and dining layout. 3 single car garages are rented separately at $100 each. Plenty of parking and a shady back yard and picnic bench area. This property is great for investors looking for easy renting in a popular location. Class A building immaculately maintained.

Last Agent to Sell the Property

Kristin Pankhurst

Chico Lifestyle Real Estate License #01477045 Listed on: 06/23/2015

Last Buyer's Agent

Ryan Vaught

Ryno Company License #01444141

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,008

Year Built

  • Built in 2002

Lot Details

  • 6,098 Sq Ft Lot
  • Two or More Common Walls
  • Wood Fence
  • Density is 2-5 Units/Acre

Parking

  • 3 Car Garage
  • 1 Carport Space
  • Parking Available
  • Unassigned Parking

Home Design

  • Contemporary Architecture
  • Property Attached
  • Turnkey
  • Slab Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 3,403 Sq Ft Home
  • 2-Story Property
  • High Ceiling
  • Double Pane Windows
  • Blinds
  • Neighborhood Views
  • Laundry Room

Kitchen

  • Dishwasher
  • Laminate Countertops
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Walk-In Closet
  • 5 Bathrooms

Home Security

  • Home Security System
  • Security Lights
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Forced Air Heating and Cooling System
  • Water Heater
  • Cable TV Available

Additional Features

  • Balcony
  • Suburban Location

Listing and Financial Details

  • Assessor Parcel Number 004104013000

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $75
  • Gardener Expense $780
  • Insurance Expense $1,300
  • Trash Expense $912
  • Water Sewer Expense $1,200
  • New Taxes Expense $5,900
  • Gross Income $3,900
  • Net Operating Income $40,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,008

Year Built

Built in 2002

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • Inclusions: washer/dryers and refrigerators in each unit
  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Security Lights, Fire and Smoke Detection System, Smoke Detector(s), Security System
  • View: Yes
  • Water Sewer Expenses: 1200.00
  • Architectural Style: Contemporary
  • Property Condition: Turnkey
  • Property Type: Residential Income
  • Gardener Expense: 780.00
  • Parcel Number: 004104013000
  • Year Built: 2002
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Balcony, High Ceilings, Laminate Counters
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 160.45
  • Room Type: Walk-In Closet
  • Window Features: Blinds, Double Pane Windows

Exterior Features

  • Foundation: Slab
  • View: Neighborhood
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Carport Spaces: 1.00
  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Unassigned
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Cable Available, Natural Gas Available, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Water Heater
  • Heating Type: Forced Air
  • Laundry Features: In Closet
  • Trash Expense: 912.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 6098.00
  • Price Per Lot Square Foot: 89.54
  • Lot Size Acres: 0.1400

Multi Family

  • Electric Expense: 75.00
  • Gross Income: 3900.00
  • Gross Scheduled Income: 46800.00
  • Insurance Expense: 1300.00
  • Lot Size Area: 6098.0000 Square Feet
  • Net Operating Income: 40600.00
  • Number Of Rented Garages: 3
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 6168.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 5900.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 23, 2015
Closed on
Jul 9, 2015
Sold by
Munoz Gordon and The Gordon Munoz Revocable Tru
Bought by
Dove Perry J and Dove Laurie J
Seller's Agent
Kristin Pankhurst
Chico Lifestyle Real Estate
Buyer's Agent
Ryan Vaught
Ryno Company
List Price
$549,000
Sold Price
$546,000
Premium/Discount to List
-$3,000
-0.55%
Total Days on Market
2
Current Estimated Value
$826,147

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$280,147
Avg. Annual Appreciation
4.26%

Purchase Details

Closed on
Mar 27, 2007
Sold by
Munoz Gordon
Bought by
Munoz Gordon and Gordon Munoz Revocable Trust

Purchase Details

Closed on
May 27, 2005
Sold by
Hulen Paula
Bought by
Munoz Gordon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,500
Interest Rate
5.74%
Mortgage Type
Stand Alone First
Source: Public Records

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Range of Values:

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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
Dove Perry J $546,000 Fidelity Natl Title Co Of Ca
Munoz Gordon -- None Available
Munoz Gordon $515,000 Mid Valley Title & Escrow Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Munoz Gordon $34,500
Previous Owner Munoz Gordon $360,500
Previous Owner Hulen Paula $272,000
Previous Owner Hulen Paula $264,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/16/2015 07/16/15 Sold $546,000 -0.5% $160 / Sq Ft
06/25/2015 06/25/15 Pending -- -- --
06/23/2015 06/23/15 For Sale $549,000 -- $161 / 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
2024 $7,008 $633,672 $174,085 $459,587
2023 $6,925 $621,248 $170,672 $450,576
2022 $6,815 $609,068 $167,326 $441,742
2021 $6,687 $597,127 $164,046 $433,081
2020 $6,668 $591,005 $162,364 $428,641
2019 $6,547 $579,418 $159,181 $420,237
2018 $6,427 $568,058 $156,060 $411,998
2017 $6,297 $556,920 $153,000 $403,920
2016 $5,747 $546,000 $150,000 $396,000
2015 $3,905 $365,000 $130,000 $235,000
2014 $2,931 $275,000 $130,000 $145,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CH15136290

California Regional Multiple Listing Service (CRMLS)

APN: 004-104-013-000