Becky Johns
Responds Quickly
eXp of Northern CA
(530) 767-4275
207 Total Sales
2 in Mulberry
$285,000 Price Range
1531 Laurel St Chico, CA 95928
Mulberry Neighborhood
12
Beds
5
Baths
4,269
Sq Ft
8,712
Sq Ft Lot
Highlights
- Laundry Facilities
- Back and Front Yard
- 3-minute walk to Chapman Park
- Harry M. Marsh Junior High School Rated A-
About This Home
As of July 2019This is an exceptional chance to own a fourplex consisting of four large 3 bedroom units making 9.22% annual rent to capital and fully net income positive. Comprising a single family home and a triplex built in 1984, this investment is fully rented with the ability to raise rents further in November. With the lack of inventory in Chico, this is an excellent chance to buy into this booming rental market. Full top to bottom remodels have been done on 3/4 units and the last one has been updated with new flooring, paint, etc. The owner has made extensive repairs and improvements to make all units easy to rent. There is no owner PG&E
Last Agent to Sell the Property
Constance Carter
Catalyst Real Estate Professionals License #01358287 Listed on: 06/06/2019
Last Buyer's Agent
General NONMEMBER
NONMEMBER MRML
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1984
Lot Details
- 8,712 Sq Ft Lot
- Two or More Common Walls
- Back and Front Yard
Home Design
- Quadruplex
Interior Spaces
- 4,269 Sq Ft Home
- Laminate Flooring
- Washer and Electric Dryer Hookup
Bedrooms and Bathrooms
- 12 Bedrooms
- 5 Bathrooms
Parking
- Parking Available
- Parking Lot
Additional Features
- Exterior Lighting
- Cooling System Mounted To A Wall/Window
Listing and Financial Details
- Assessor Parcel Number 005213007000
Community Details
Overview
- 2 Buildings
- 4 Units
Amenities
- Laundry Facilities
Building Details
- 4 Leased Units
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 2 Separate Water Meters
- Insurance Expense $2,552
- Trash Expense $1,204
- Water Sewer Expense $2,128
- New Taxes Expense $4,934
- Operating Expense $15,278
- Net Operating Income $43,798
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
Jun 6, 2019
Closed on
Jul 25, 2019
Sold by
Silbermann Garbam
Bought by
Seller's Agent
Constance Carter
Catalyst Real Estate Professionals
Buyer's Agent
General NONMEMBER
NONMEMBER MRML
List Price
$645,000
Sold Price
$650,000
Premium/Discount to List
$5,000
0.78%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$487,500
Outstanding Balance
$418,730
Interest Rate
3.82%
Mortgage Type
New Conventional
Purchase Details
Listed on
Mar 20, 2017
Closed on
May 12, 2017
Sold by
Madrid Christian De La and Madrid Kristen De La
Bought by
Silbermann Graham
Seller's Agent
Ryan Vaught
Ryno Company
Buyer's Agent
Ryan Vaught
Ryno Company
List Price
$450,000
Sold Price
$417,000
Premium/Discount to List
-$33,000
-7.33%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.58%
Original Mortgage
$312,750
Interest Rate
4.1%
Mortgage Type
Commercial
Purchase Details
Listed on
Sep 19, 2014
Closed on
Oct 30, 2014
Sold by
Camaren Joyce M
Bought by
Delamadrid Christian and Delamadrid Kirsten
Seller's Agent
Kiersten Morgan
Keller Williams Realty Chico Area
Buyer's Agent
General NONMEMBER
NONMEMBER MRML
List Price
$375,000
Sold Price
$363,500
Premium/Discount to List
-$11,500
-3.07%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.51%
Original Mortgage
$270,000
Interest Rate
4.2%
Mortgage Type
Commercial
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Mulberry, CA
-
Becky Johns
-
Rhonda Maehl
Rhonda Maehl
Responds QuicklyCentury 21 Select Paradise
(530) 657-0810
396 Total Sales
2 in Mulberry
$339,000 Price Range
-
Shane Collins
Shane Collins
Responds QuicklyRe/Max of Chico
(530) 767-3408
147 Total Sales
5 in Mulberry
$315K - $650K Price Range
-
Mariah Thompson
Mariah Thompson
Responds QuicklyPlatinum Partners Real Estate
(530) 767-3807
148 Total Sales
2 in Mulberry
$405,000 Price Range
-
Lisa Bristow
Lisa Bristow
Platinum Partners Real Estate
(530) 767-4066
317 Total Sales
3 in Mulberry
$292K - $405K Price Range
-
Alisha Simpkins
Alisha Simpkins
Keller Williams Realty Chico Area
(530) 767-3460
261 Total Sales
12 in Mulberry
$2K - $440K 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 |
|---|---|---|---|
| $650,000 | Bidwell Title & Escrow Co | ||
| Silbermann Graham | $417,000 | Mid Valley Title & Escrow Co | |
| Delamadrid Christian | $363,500 | 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 | $487,500 | ||
| Previous Owner | Silbermann Graham | $312,750 | |
| Previous Owner | Delamadrid Christian | $270,000 |
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 | Prior Sale |
|---|---|---|---|---|---|
| 07/29/2019 07/29/19 | Sold | $650,000 | +0.8% | $152 / Sq Ft | |
| 06/17/2019 06/17/19 | Pending | -- | -- | -- | |
| 06/06/2019 06/06/19 | For Sale | $645,000 | +54.7% | $151 / Sq Ft | |
| 05/23/2017 05/23/17 | Sold | $417,000 | -7.3% | $139 / Sq Ft | View Prior Sale |
| 04/17/2017 04/17/17 | Pending | -- | -- | -- | |
| 03/20/2017 03/20/17 | For Sale | $450,000 | +23.8% | $150 / Sq Ft | |
| 10/31/2014 10/31/14 | Sold | $363,500 | -3.1% | $85 / Sq Ft | View Prior Sale |
| 10/02/2014 10/02/14 | Pending | -- | -- | -- | |
| 09/19/2014 09/19/14 | For Sale | $375,000 | -- | $88 / 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 | $8,201 | $727,082 | $156,171 | $570,911 |
| 2025 | $7,690 | $712,865 | $153,109 | $559,756 |
| 2024 | $7,690 | $696,927 | $150,107 | $546,820 |
| 2023 | $7,598 | $685,263 | $147,164 | $538,099 |
| 2022 | $7,478 | $671,867 | $144,279 | $527,588 |
| 2021 | $7,333 | $658,733 | $141,450 | $517,283 |
| 2020 | $7,314 | $652,000 | $140,000 | $512,000 |
| 2019 | $4,946 | $433,766 | $135,252 | $298,514 |
| 2018 | $4,855 | $425,300 | $132,600 | $292,700 |
| 2017 | $4,295 | $376,422 | $88,021 | $288,401 |
| 2016 | $3,923 | $369,043 | $86,296 | $282,747 |
| 2015 | $3,922 | $363,500 | $85,000 | $278,500 |
| 2014 | $2,541 | $235,273 | $56,327 | $178,946 |
Source: Public Records
Agents Affiliated with this Home
-
CC
Seller's Agent in 2019
Constance Carter
Catalyst Real Estate Professionals
-
GN
Buyer's Agent in 2019
General NONMEMBER
NONMEMBER MRML
-
CA
Buyer's Agent in 2019
Chris Arthur
ITECH MLS
-
Ryan Vaught
Seller's Agent in 2017
Ryan Vaught
Ryno Company
(530) 343-2959
11 Total Sales
-
Kiersten Morgan
Seller's Agent in 2014
Kiersten Morgan
Keller Williams Realty Chico Area
(530) 895-0921
2 in this area
108 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SN19132826
APN: 005-213-007
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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