NOT LISTED FOR SALE

Estimated Value: $668,151 - $755,000

2 Beds
1 Bath
2,880 Sq Ft
$241/Sq Ft Est. Value

Last Sold August 02, 2024

Last sale price $649,500 $226 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $3,573/month

7 Days on Market

Highlights

  • Lawn
  • No HOA
  • Double Pane Windows
  • Harry M. Marsh Junior High School Rated A-
  • Neighborhood Views
  • Cooling System Mounted To A Wall/Window

About This Home

As of August 2024

Nestled in a quiet location near downtown, this extremely well-maintained 4-plex offers convenient access to highways 32 and 99. The property features a large off-street parking lot and consists of four 2-bedroom, 1-bath units, each equipped with dual pane windows, a gas wall heater and wall/window AC. One of the units has been recently renovated, showcasing vinyl flooring, new carpets, baseboards, and crown molding. Residents will appreciate the convenience of an on-site shared laundry facility. The building has been exceptionally well maintained and roof and pest clearances are on file. Don’t miss out on this turnkey investment opportunity!

Last Agent to Sell the Property

Shane Collins

Re/Max of Chico Brokerage Phone: 530-896-9300 License #01738682 Listed on: 06/24/2024

Re/Max of Chico

Last Buyer's Agent

Kenneth Winslow

Re/Max of Chico License #00956005

Re/Max of Chico

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1975

Lot Details

  • 8,712 Sq Ft Lot
  • Two or More Common Walls
  • Wrought Iron Fence
  • Rectangular Lot
  • Level Lot
  • Lawn

Home Design

  • Quadruplex
  • Entry on the 1st floor
  • Turnkey
  • Stucco

Interior Spaces

  • 2,880 Sq Ft Home
  • 1-Story Property
  • Double Pane Windows
  • Neighborhood Views

Kitchen

  • Electric Oven
  • Electric Cooktop
  • Microwave

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • Parking Available
  • Paved Parking
  • Off-Street Parking

Location

  • Suburban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas
  • Wall Furnace
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Legal Lot and Block 5 / 3
  • Assessor Parcel Number 005242009000
  • $608 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Electric Expense $618
  • Gardener Expense $2,100
  • Insurance Expense $3,239
  • Pest Control $200
  • Trash Expense $1,038
  • Water Sewer Expense $1,548
  • Operating Expense $13,841
  • Gross Income $52,800
  • Net Operating Income $38,959

Property Details

Home Type

Multi-Family

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Assessments: Yes
  • Inclusions: Range, Refrigerators
  • Property Attached: Yes
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 1548.00
  • Zoning: R-2
  • Property Condition: Turnkey
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 2100.00
  • Parcel Number: 005242009000
  • Year Built: 1975
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Appliances: Yes
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 225.52
  • Room Type: All Bedrooms Down
  • Window Features: Double Pane Windows

Exterior Features

  • View: Neighborhood
  • Fence: Yes
  • Fencing: Wrought Iron
  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: Paved, Off Street

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Electric Oven, Electric Range, Electric Cooktop, Microwave, Refrigerator
  • Heating Type: Natural Gas, Wall Furnace
  • Laundry Features: Common Area, Gas Dryer Hookup, Individual Room, Inside, Washer Hookup
  • Pest Control Expense: 200.00
  • Sewer: Public Sewer
  • Trash Expense: 1038.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lawn, Rectangular Lot, Level
  • Lot Size Sq Ft: 8712.00
  • Lot Size Acres: 0.2000

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Electric Expense: 618.00
  • Gross Income: 52800.00
  • Gross Scheduled Income: 52800.00
  • Insurance Expense: 3239.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 205.00
  • Lot Size Area: 8712.0000 Square Feet
  • Net Operating Income: 38959.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Total: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 13841.00
  • Rent Control: Yes
  • Total Expenses: 13841.00

Tax Info

  • Tax Block: 3
  • Tax Census Tract: 13.00
  • Tax Lot: 5
  • TaxOtherAnnualAssessmentAmount: 608.48

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 24, 2024
Closed on
Jul 29, 2024
Sold by
Mahan Charles L and Mohle Family Trust
Bought by
Paul And Mary Krause 2000 Trust and Krause
Seller's Agent
Shane Collins
Re/Max of Chico
Buyer's Agent
Kenneth Winslow
Re/Max of Chico
List Price
$649,500
Sold Price
$649,500
Views
4
Current Estimated Value
$639,864

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$9,636
Avg. Annual Appreciation
4.92%
Original Mortgage
$389,700
Outstanding Balance
$385,290
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
$309,748

Purchase Details

Closed on
Nov 14, 2018
Sold by
Anderson Sandra L
Bought by
Anderson Sandra Lea and The Sandra Lea Anderson Revocable Inter

Purchase Details

Closed on
Jan 19, 2017
Sold by
Anderson Sandra L
Bought by
Anderson Sandra L

Purchase Details

Closed on
Apr 13, 1999
Sold by
Mahan Chris
Bought by
Mahan Christabelle R and The Christabelle R Mahan Living Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Paul And Mary Krause 2000 Trust $649,500 Mid Valley Title & Escrow
Anderson Sandra Lea -- None Available
Anderson Sandra L -- None Available
Mahan Christabelle R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Paul And Mary Krause 2000 Trust $389,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/02/2024 08/02/24 Sold $649,500 0.0% $226 / Sq Ft
06/24/2024 06/24/24 For Sale $649,500 -- $226 / 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 $2,634 $649,500 $190,000 $459,500
2024 $2,634 $234,465 $65,181 $169,284
2023 $2,603 $229,868 $63,903 $165,965
2022 $2,562 $225,361 $62,650 $162,711
2021 $2,511 $220,943 $61,422 $159,521
2020 $2,507 $218,679 $60,793 $157,886
2019 $2,464 $214,392 $59,601 $154,791
2018 $2,418 $210,189 $58,433 $151,756
2017 $2,365 $206,069 $57,288 $148,781
2016 $2,162 $202,029 $56,165 $145,864
2015 $2,161 $198,995 $55,322 $143,673
2014 $2,114 $195,098 $54,239 $140,859
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN24129484

California Regional Multiple Listing Service (CRMLS)

APN: 005-242-009-000