NOT LISTED FOR SALE

1531 Downing Ave Chico, CA 95926

Estimated Value: $437,000 - $549,000

2 Beds
2 Baths
2,438 Sq Ft
$195/Sq Ft Est. Value

Last Sold August 27, 2014

Last sale price $284,500 $117 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $2,829/month

6 Days on Market

Highlights

  • All Bedrooms Downstairs
  • No HOA
  • Central Heating and Cooling System
  • Neal Dow Elementary School Rated A-
  • Laundry Room
  • Ceiling Fan

About This Home

As of August 2014

, Must see this duplex, 1533 is all new inside for showing. Open floor plan with 2 full baths and 2 bedrooms each side. Over sized single car garages, washer , Dryer included. Cute private patios, both with fireplace! Show and sell

Last Agent to Sell the Property

Donna Padula

eXp Realty of California, Inc. License #00762725 Listed on: 07/21/2014

eXp Realty of California, Inc.

Last Buyer's Agent

Jamie McDaniel

Re/Max of Chico License #01446848

Re/Max of Chico

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,632

Year Built

  • Built in 1972

Lot Details

  • 6,534 Sq Ft Lot
  • 1 Common Wall

Parking

  • 2 Car Garage

Home Design

  • Property Attached
  • Composition Roof
  • Wood Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,438 Sq Ft Home
  • Ceiling Fan
  • Living Room with Fireplace
  • Carpet

Bedrooms and Bathrooms

  • 2 Bedrooms
  • All Bedrooms Down
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 045650014000

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $1,000
  • Gross Income $2,080
  • Net Operating Income $20,390

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,632

Year Built

Built in 1972

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Surface Type: Maintained
  • Property Type: Residential Income
  • Parcel Number: 045650014000
  • Year Built: 1972
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Ceiling Fan(s)
  • Common Walls: 1 Common Wall
  • Flooring: Carpet
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 116.69
  • Room Type: All Bedrooms Down

Exterior Features

  • Foundation: Concrete Perimeter
  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Wood Siding

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: In Garage
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Community Features: Sidewalks

Lot Info

  • Lot Size Sq Ft: 6534.00
  • Lot Size Acres: 0.1500

Multi Family

  • Gross Income: 2080.00
  • Gross Scheduled Income: 24960.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 6534.0000 Square Feet
  • Net Operating Income: 20390.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Number With Dishwasher: 2
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 4570.00
  • Rent Control: No

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 21, 2014
Closed on
Aug 25, 2014
Sold by
Knudsen William R and Knudsen Nancy M
Bought by
Aaron Chou & Chioulien Chen Family Trust
Seller's Agent
Donna Padula
eXp Realty of California, Inc.
Buyer's Agent
Jamie McDaniel
Re/Max of Chico
List Price
$275,000
Sold Price
$284,500
Premium/Discount to List
$9,500
3.45%
Current Estimated Value
$476,337

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$191,837
Avg. Annual Appreciation
4.74%

Purchase Details

Closed on
May 15, 2007
Sold by
Knudsen William R and Knudsen Nancy M
Bought by
Knudsen William R and Knudsen Nancy M

Purchase Details

Closed on
Nov 16, 2005
Sold by
Coulter William M and Mae E Coulter Living Trust
Bought by
Knudsen William R and Knudsen Nancy M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$284,000
Interest Rate
5.93%
Mortgage Type
Purchase Money Mortgage
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
Aaron Chou & Chioulien Chen Family Trust $278,500 Mid Valley Title & Escrow Co
Knudsen William R -- None Available
Knudsen William R $355,000 Bidwell Title & Escrow Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Knudsen William R $284,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/27/2014 08/27/14 Sold $284,500 +3.5% $117 / Sq Ft
07/27/2014 07/27/14 Pending -- -- --
07/21/2014 07/21/14 For Sale $275,000 -- $113 / 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 $3,632 $334,705 $126,190 $208,515
2024 $3,632 $328,143 $123,716 $204,427
2023 $3,589 $321,710 $121,291 $200,419
2022 $3,531 $315,403 $118,913 $196,490
2021 $3,465 $309,220 $116,582 $192,638
2020 $3,455 $306,050 $115,387 $190,663
2019 $3,393 $300,050 $113,125 $186,925
2018 $3,331 $294,167 $110,907 $183,260
2017 $3,263 $288,400 $108,733 $179,667
2016 $2,978 $282,746 $106,601 $176,145
2015 $2,978 $278,500 $105,000 $173,500
2014 $3,616 $340,000 $105,000 $235,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CH14153956

California Regional Multiple Listing Service (CRMLS)

APN: 045-650-014-000