NOT LISTED FOR SALE

1612 Spruce Ave Chico, CA 95926

Chico Vecino Neighborhood

Estimated Value: $294,538 - $623,000

2 Beds
2 Baths
2,688 Sq Ft
$149/Sq Ft Est. Value

Last Sold August 24, 2012

Last sale price $305,000 $113 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $2,327/month

12 Days on Market

Highlights

  • Multi-Level Bedroom
  • Contemporary Architecture
  • Cooling System Mounted To A Wall/Window
  • Chico Junior High School Rated A-
  • Corner Lot
  • Laundry Room

About This Home

As of August 2012

Listing consists of a tri-plex and a duplex, on two lots with individual parcel numbers (003-0411-025-000, 003-0411-024-000), consisting of 5 units, each unit being one bedroom, one bath. Both properties are serviced by one septic system. Duplex units are on second level, first level consisting of a two car garage, and a storeroom. Both properties must be sold together. Each unit has a refrigerator, stove and air conditioning. Sale does not include coin-operated washer and dryer. Total square footage 2688 (assessment records), buyer to confirm. To show please call Listing Agent for appointment. Please do not disturb tenants.

Last Agent to Sell the Property

Thomas Russo

Michael McCrady, Broker License #00919437 Listed on: 06/21/2012

Co-Listed By

Lee Koepping

LTK Real Estate Services License #01721268

Last Buyer's Agent

Thomas Russo

Michael McCrady, Broker License #00919437 Listed on: 06/21/2012

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,475

Year Built

  • Built in 1955

Lot Details

  • 3,049 Sq Ft Lot
  • No Common Walls
  • Corner Lot

Parking

  • 2 Car Garage
  • Parking Available
  • Unassigned Parking

Home Design

  • Contemporary Architecture
  • Frame Construction
  • Composition Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • Multi-Level Bedroom
  • 2,688 Sq Ft Home
  • Carpet
  • Laundry Room

Utilities

  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating and Cooling System
  • Wall Furnace
  • Conventional Septic

Listing and Financial Details

  • Tenant pays for electricity, gas, water
  • Tax Lot 9
  • Assessor Parcel Number 003411025000

Community Details

Overview

  • 3 Buildings
  • 5 Units

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 5 Separate Water Meters
  • Gross Income $3,125
  • Net Operating Income $37,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,475

Year Built

Built in 1955

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Inclusions: Refrigerators, stoves and air-conditioners.
  • Other Phone Description: Home Office
  • Other Phone Number: 530-894-7223
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Parcel Number: 003411025000
  • Year Built: 1955
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Flooring: Carpet
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 113.47
  • Room Type: Multi-Level Bedroom

Exterior Features

  • Roof: Composition
  • Construction Materials: Block, Frame, Stucco, Wood Siding

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Unassigned
  • Total Parking Spaces: 6.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Refrigerator
  • Heating Type: Electric, Forced Air, Wall Furnace
  • Laundry Features: Individual Room
  • Sewer: Conventional Septic
  • Cooling: Central Air, Electric, Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 3049.00
  • Lot Size Acres: 0.0700

Rental Info

  • Tenant Pays: Electricity, Gas, Water

Multi Family

  • Gross Income: 3125.00
  • Gross Scheduled Income: 37500.00
  • Lot Size Area: 3049.0000 Square Feet
  • Net Operating Income: 37500.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 5
  • Number Of Units Total: 5
  • Rent Control: No

Tax Info

  • Tax Lot: 9
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 21, 2012
Closed on
Oct 4, 2012
Sold by
Moser Dann S and The Moser Family Trust
Bought by
Moser Dann S and Dann S Moser Revocable Living Trust
Seller's Agent
Thomas Russo
Michael McCrady, Broker
Buyer's Agent
Thomas Russo
Michael McCrady, Broker
List Price
$320,000
Sold Price
$305,000
Premium/Discount to List
-$15,000
-4.69%
Current Estimated Value
$401,635

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$96,635
Avg. Annual Appreciation
2.46%
Original Mortgage
$205,000
Outstanding Balance
$142,090
Interest Rate
3.53%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$277,228

Purchase Details

Listed on
Jun 21, 2012
Closed on
Aug 16, 2012
Sold by
Castaldo John L and Castaldo Jacklyn A
Bought by
Moser Dann S and The Moser Family Trust
Seller's Agent
Thomas Russo
Michael McCrady, Broker
Buyer's Agent
Thomas Russo
Michael McCrady, Broker
List Price
$320,000
Sold Price
$305,000
Premium/Discount to List
-$15,000
-4.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$205,000
Outstanding Balance
$142,090
Interest Rate
3.53%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$277,228

Purchase Details

Closed on
Aug 12, 2003
Sold by
Castaldo John L and Castaldo Michael L
Bought by
Castaldo John L and Castaldo Jacklyn A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,000
Interest Rate
5.29%
Mortgage Type
Construction

Purchase Details

Closed on
May 24, 2002
Sold by
Lambert William J
Bought by
Castaldo John L and Castaldo Jacklyn A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$159,850
Interest Rate
6.89%
Source: Public Records

Range of Values:

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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
Moser Dann S -- Accommodation
Moser Dann S $305,000 Mid Valley Title & Escrow Co
Castaldo John L -- Bidwell Title & Escrow Co
Castaldo John L $114,000 Bidwell Title & Escrow Co
Castaldo John L $195,000 Bidwell Title & Escrow Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Moser Dann S $205,000
Previous Owner Castaldo John L $228,000
Previous Owner Castaldo John L $159,850
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/24/2012 08/24/12 Sold $305,000 -4.7% $113 / Sq Ft
07/03/2012 07/03/12 Pending -- -- --
06/21/2012 06/21/12 For Sale $320,000 -- $119 / 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 $2,475 $227,802 $104,664 $123,138
2024 $2,475 $223,336 $102,612 $120,724
2023 $2,446 $218,957 $100,600 $118,357
2022 $2,407 $214,665 $98,628 $116,037
2021 $2,362 $210,457 $96,695 $113,762
2020 $2,355 $208,300 $95,704 $112,596
2019 $2,312 $204,217 $93,828 $110,389
2018 $2,270 $200,214 $91,989 $108,225
2017 $2,224 $196,289 $90,186 $106,103
2016 $2,030 $192,441 $88,418 $104,023
2015 $2,030 $189,551 $87,090 $102,461
2014 $1,993 $185,839 $85,385 $100,454
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2012

    Thomas Russo

    Michael McCrady, Broker

  • L

    Seller Co-Listing Agent in 2012

    Lee Koepping

    LTK Real Estate Services

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CH12078345

California Regional Multiple Listing Service (CRMLS)

APN: 003-411-025-000

California Butte County Chico 95926 Chico Vecino

1612 Spruce Ave, Chico, CA

This home is located at 1612 Spruce Ave, Chico, CA 95926 since 21 June 2012 and is currently estimated at $401,635, approximately $149 per square foot. This property was built in 1955. 1612 Spruce Ave is a home located in Butte County with nearby schools including Citrus Avenue Elementary School, Chico Junior High School, and Chico High School.

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.

California Regional Multiple Listing Service (CRMLS) 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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