NOT LISTED FOR SALE

Estimated Value: $332,018 - $388,000

4 Beds
2 Baths
1,472 Sq Ft
$248/Sq Ft Est. Value

Last Sold June 24, 2016

Last sale price $233,500 $159 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $2,272/month

24 Days on Market

Highlights

  • No HOA
  • Two Homes on a Lot
  • Cooling System Mounted To A Wall/Window
  • Harry M. Marsh Junior High School Rated A-
  • Wainscoting
  • 3-minute walk to Chapman Park

About This Home

As of June 2016

Two cute bungalows on one lot near downtown Chico and Bidwell Park. Each stand-alone home has 2 bedrooms, 1 full bath, indoor laundry, private fenced yards, separate access, and plenty of charm. The property is nestled on a shady treed lot in a quiet neighborhood biking distance to Bidwell Park, Chico State, and the downtown area. The property is connected to City sewer and each home has its own water meter. Roof on front unit was replaced in 2015. Perfect for parent-student investor, or owner occupant in one and rent out the other. Monthly rent for unit B is $750 and tenant pays water/sewer. Unit A has recently been updated with new carpet, vinyl and paint. Garbage is $58 per month for both units.

Last Agent to Sell the Property

Mike McCrady

Michael McCrady, Broker License #01234296 Listed on: 04/05/2016

Last Buyer's Agent

Max Froome

Results Real Estate Inc. License #01487210

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,961

Year Built

  • Built in 1950

Lot Details

  • 5,663 Sq Ft Lot
  • Property fronts an alley
  • No Common Walls
  • Wood Fence
  • Fence is in average condition
  • Back Yard

Home Design

  • Bungalow
  • Raised Foundation
  • Asphalt Roof
  • Stucco

Interior Spaces

  • 1,472 Sq Ft Home
  • 1-Story Property
  • Wainscoting
  • Blinds
  • Window Screens

Kitchen

  • Electric Oven
  • Electric Range

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • 220 Volts In Laundry

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • Parking Available
  • Unassigned Parking

Additional Homes

  • Two Homes on a Lot

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, water
  • Assessor Parcel Number 005213010000

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $1,200
  • Trash Expense $696
  • New Taxes Expense $2,530
  • Gross Income $1,500
  • Net Operating Income $13,034

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,961

Year Built

Built in 1950

Lot Details

0

Listing Details

  • CapRate: 5.40
  • Property Attached: No
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Alley Paved, Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Architectural Style: Bungalow
  • Property Type: Residential Income
  • Parcel Number: 005213010000
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Wainscoting
  • Stories: 1
  • Entry Location: Ground Level No Steps
  • Common Walls: No Common Walls
  • Flooring: Carpet, Vinyl
  • Appliances: Yes
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 158.63
  • Room Type: All Bedrooms Down
  • Window Features: Blinds, Screens

Exterior Features

  • Foundation: Raised
  • Other Structures: Two On A Lot
  • Fencing: Average Condition, Wood
  • Pool Private: No
  • Roof: Asphalt
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: Unassigned

Utilities

  • Utilities: Cable Available, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Electric Oven, Electric Range
  • Electric: 220 Volts in Laundry
  • Heating Type: Wall Furnace
  • Laundry Features: Inside
  • Trash Expense: 696.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Land Lease: No
  • Lot Features: Back Yard
  • Lot Size Sq Ft: 5663.00
  • Price Per Lot Square Foot: 41.23

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Water

Multi Family

  • Gross Income: 1500.00
  • Gross Scheduled Income: 18000.00
  • Insurance Expense: 1200.00
  • Net Operating Income: 13034.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Number Wall A C: 2
  • Operating Expense: 4426.00
  • Rent Control: No
  • Vacancy Allowance: 3

Tax Info

  • New Taxes Expense: 2530.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 5, 2016
Closed on
Jun 23, 2016
Sold by
Fine Fine Mattew N Mattew N and Fine Isale
Bought by
Zwinger Thomas L and Zwinger Doris J
Seller's Agent
Mike McCrady
Michael McCrady, Broker
Buyer's Agent
Max Froome
Results Real Estate Inc.
List Price
$239,500
Sold Price
$233,500
Premium/Discount to List
-$6,000
-2.51%
Current Estimated Value
$366,741

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$133,241
Avg. Annual Appreciation
4.99%
Original Mortgage
$139,500
Interest Rate
3.58%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 5, 2016
Closed on
Jun 16, 2016
Sold by
Rogers Lillian M
Bought by
Zwinger Thomas L and Zwinger Doris J
Seller's Agent
Mike McCrady
Michael McCrady, Broker
Buyer's Agent
Max Froome
Results Real Estate Inc.
List Price
$239,500
Sold Price
$233,500
Premium/Discount to List
-$6,000
-2.51%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,500
Interest Rate
3.58%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 1, 2004
Sold by
Fine Matthew N and Fine Isabel L
Bought by
Rogers Lillian M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$416,000
Interest Rate
5.61%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Zwinger Thomas L -- Bidwell Title & Escrow Co
Zwinger Thomas L $233,500 Placer Title Co
Rogers Lillian M $520,000 Fidelity Natl Title Of Ca
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zwinger Thomas L $132,950
Closed Zwinger Thomas L $139,500
Previous Owner Rogers Lillian M $416,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/24/2016 06/24/16 Sold $233,500 -2.5% $159 / Sq Ft
04/29/2016 04/29/16 Pending -- -- --
04/05/2016 04/05/16 For Sale $239,500 -- $163 / 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 $2,961 $276,409 $130,214 $146,195
2024 $2,961 $270,990 $127,661 $143,329
2023 $2,925 $265,677 $125,158 $140,519
2022 $2,956 $260,468 $122,704 $137,764
2021 $2,897 $255,362 $120,299 $135,063
2020 $2,891 $252,745 $119,066 $133,679
2019 $2,842 $247,790 $116,732 $131,058
2018 $2,789 $242,933 $114,444 $128,489
2017 $2,728 $238,170 $112,200 $125,970
2016 $2,228 $208,151 $68,033 $140,118
2015 $2,226 $205,026 $67,012 $138,014
2014 $2,178 $201,011 $65,700 $135,311
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CH16070011

California Regional Multiple Listing Service (CRMLS)

APN: 005-213-010-000