NOT LISTED FOR SALE

Estimated Value: $338,865 - $441,000

4 Beds
2 Baths
1,472 Sq Ft
$255/Sq Ft Est. Value

Last Sold January 28, 2016

Last sale price $230,000 $156 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $2,277/month

209 Days on Market

Highlights

  • All Bedrooms Downstairs
  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Harry M. Marsh Junior High School Rated A-
  • Two Homes on a Lot
  • Laundry Room

About This Home

As of January 2016

Two cute bungalows on one lot near downtown Chico and Bidwell Park. Each stand-alone home has 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. Plus, the property is already connected to City sewer and each home has its own water meter. Roof on front unit was replaced in 2014, and the roof on rear unit was replaced in 2015. Perfect for parent-student investor, or owner occupant in one and rent out the other. Monthly rent for unit A is $750 and tenant pays water/sewer. Unit B is vacant. Garbage is $58 per month for both units. Property next door (1544 Elm Street) is a mirror image of this property and is for sale as well for the same price, however it will not be put onto the MLS until further notice.

Last Agent to Sell the Property

Mike McCrady

Michael McCrady, Broker License #01234296 Listed on: 05/10/2015

Last Buyer's Agent

NON` MEMBER

NON MEMBER

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,993

Year Built

  • Built in 1960

Lot Details

  • 6,098 Sq Ft Lot
  • Property fronts an alley
  • No Common Walls
  • Wood Fence

Home Design

  • 1,472 Sq Ft Home
  • Bungalow
  • Slab Foundation
  • Composition Roof
  • Asphalt Roof
  • Stucco

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • All Bedrooms Down
  • 2 Bathrooms

Laundry

  • Laundry Room
  • 220 Volts In Laundry

Parking

  • 8 Parking Spaces
  • Parking Available
  • Unassigned Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • 220 Volts in Kitchen

Additional Features

  • Electric Cooktop
  • Rain Gutters
  • Two Homes on a Lot

Listing and Financial Details

  • Tenant pays for electricity, gas, water
  • Assessor Parcel Number 005213011000

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $936
  • Trash Expense $696
  • Water Sewer Expense $600
  • New Taxes Expense $2,500
  • Gross Income $1,425
  • Net Operating Income $14,892

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,993

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Inclusions: All appliances owned by landlord and used by the tenants
  • Other Phone Description: List Agent Cell
  • Other Phone Number: 530-321-3726
  • Property Attached: No
  • Road Frontage Type: Alley
  • Road Surface Type: Alley Paved
  • Water Sewer Expenses: 600.00
  • Architectural Style: Bungalow
  • Property Type: Residential Income
  • Parcel Number: 005213011000
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Flooring: Carpet, Vinyl
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 156.25
  • Room Type: All Bedrooms Down

Exterior Features

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

Garage/Parking

  • Parking: Yes
  • Parking Features: Unassigned
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Electric Cooktop
  • Electric: 220 Volts in Kitchen, 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, Gutters, Sidewalks

Lot Info

  • Lot Size Sq Ft: 6098.00
  • Price Per Lot Square Foot: 37.72
  • Lot Size Acres: 0.1400

Rental Info

  • Tenant Pays: Electricity, Gas, Water

Multi Family

  • Gross Income: 1425.00
  • Gross Scheduled Income: 17100.00
  • Insurance Expense: 936.00
  • Lot Size Area: 6098.0000 Square Feet
  • Net Operating Income: 14892.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 2208.00
  • Rent Control: No
  • Total Actual Rent: 1425.00

Tax Info

  • New Taxes Expense: 2500.00
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 10, 2015
Closed on
Jan 25, 2016
Sold by
Rogers Lillian M
Bought by
Salles Gabriel Ramos
Seller's Agent
Mike McCrady
Michael McCrady, Broker
Buyer's Agent
NON` MEMBER
NON MEMBER
List Price
$239,900
Sold Price
$230,000
Premium/Discount to List
-$9,900
-4.13%
Total Days on Market
209
Current Estimated Value
$367,177

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$137,177
Avg. Annual Appreciation
4.65%
Source: Public Records

Range of Values:

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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
Salles Gabriel Ramos $230,000 Fidelity Natl Title Co Of Ca
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/28/2016 01/28/16 Sold $230,000 -4.1% $156 / Sq Ft
12/05/2015 12/05/15 Pending -- -- --
05/10/2015 05/10/15 For Sale $239,900 -- $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 $2,993 $272,265 $130,214 $142,051
2024 $2,993 $266,927 $127,661 $139,266
2023 $2,958 $261,694 $125,158 $136,536
2022 $2,912 $256,563 $122,704 $133,859
2021 $2,854 $251,534 $120,299 $131,235
2020 $2,849 $248,956 $119,066 $129,890
2019 $2,800 $244,076 $116,732 $127,344
2018 $2,748 $239,292 $114,444 $124,848
2017 $2,688 $234,600 $112,200 $122,400
2016 $2,228 $208,210 $68,094 $140,116
2015 $2,227 $205,084 $67,072 $138,012
2014 $2,179 $201,068 $65,759 $135,309
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CH15100399

California Regional Multiple Listing Service (CRMLS)

APN: 005-213-011-000