NOT LISTED FOR SALE

1878 Humboldt Rd Chico, CA 95928

Estimated Value: $649,044 - $683,000

8 Beds
4 Baths
3,290 Sq Ft
$204/Sq Ft Est. Value

Last Sold September 22, 2016

Last sale price $420,000 $128 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $4,194/month

5 Days on Market

Highlights

  • Private Yard
  • No HOA
  • Living Room
  • Harry M. Marsh Junior High School Rated A-
  • Cooling System Mounted To A Wall/Window
  • Laundry Room

About This Home

As of September 2016

Well maintained 4-plex in prime location set back from street and not far from Police Station, shopping mall, hwy 99 and hwy 32 access for downtown. Across the street you will find a tree lined walking path adjacent to creek with small picnic area. There is a private, community, fenced in side yard, Covered carport parking with separate storage for each unit. On-site coin op laundry room for extra income.

Last Agent to Sell the Property

David Junco

City of Trees Realty License #01412310 Listed on: 08/15/2016

Last Buyer's Agent

Jeff Culbreath

Century 21 Select Real Estate, Inc. License #01181507

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,507

Year Built

  • Built in 1964

Lot Details

  • 10,454 Sq Ft Lot
  • 1 Common Wall
  • East Facing Home
  • Wood Fence
  • Paved or Partially Paved Lot
  • Front and Back Yard Sprinklers
  • Private Yard
  • Lawn
  • Back and Front Yard

Home Design

  • Property Attached
  • Turnkey
  • Slab Foundation

Interior Spaces

  • 3,290 Sq Ft Home
  • Living Room
  • Disposal

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 8 Parking Spaces
  • 4 Attached Carport Spaces
  • Parking Available
  • Shared Driveway
  • Assigned Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Central Water Heater
  • Conventional Septic

Additional Features

  • Rain Gutters
  • Suburban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Assessor Parcel Number 002050117000

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,200
  • Trash Expense $1,200
  • Water Sewer Expense $900
  • New Taxes Expense $5,002
  • Gross Income $3,300
  • Net Operating Income $31,297

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,507

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Assessments: Yes
  • Inclusions: Refrigerators and stoves in each unit.
  • Other Phone Description: 530-966-4265
  • Property Attached: Yes
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Water Sewer Expenses: 900.00
  • Property Condition: Turnkey
  • Property Type: Residential Income
  • Parcel Number: 002050117000
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 1 Common Wall
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 127.66
  • Room Type: Living Room

Exterior Features

  • Direction Faces: East
  • Foundation: Slab
  • Exterior Features: Rain Gutters
  • Fencing: Wood
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Carport Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned, Covered, Carport, Attached Carport, Asphalt, Shared Driveway
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Phone Connected, Water Connected
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Refrigerator, Water Heater Central
  • Electric: Electricity - On Property
  • Heating Type: Wall Furnace
  • Laundry Features: Community, Individual Room
  • Sewer: Conventional Septic
  • Trash Expense: 1200.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Lawn, Lot 10000-19999 Sqft, Paved, Sprinklers In Front, Sprinklers In Rear, Sprinklers Timer, Sprinkler System, Yard
  • Lot Size Sq Ft: 10454.00
  • Price Per Lot Square Foot: 41.61

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 3300.00
  • Gross Scheduled Income: 39600.00
  • Insurance Expense: 1200.00
  • Laundry Equipment Own Lease: Lease
  • Net Operating Income: 31297.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Number Wall A C: 4
  • Number With Carpet: 4
  • Number With Disposal: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 8302.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 5002.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 1, 2024
Sold by
Lang John A and Lang Candace J
Bought by
Lang Living Trust and Lang
Current Estimated Value
$670,348

Purchase Details

Closed on
Dec 21, 2021
Sold by
Galler Elizabeth E and Galler David
Bought by
Lang John A and Lang Candace J

Purchase Details

Listed on
Aug 15, 2016
Closed on
Sep 16, 2016
Sold by
Ternero Felipe and Ternero Lisa
Bought by
Galler Elizabeth E and Galler David Coy
Seller's Agent
David Junco
City of Trees Realty
Buyer's Agent
Jeff Culbreath
Century 21 Select Real Estate, Inc.
List Price
$435,000
Sold Price
$420,000
Premium/Discount to List
-$15,000
-3.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.31%
Original Mortgage
$215,000
Interest Rate
3.45%
Mortgage Type
FHA

Purchase Details

Listed on
Jul 29, 2013
Closed on
Sep 6, 2013
Sold by
Pinocchio James W
Bought by
Ternero Felipe and Ternero Lisa
Seller's Agent
Rick Sufuentes
Parkway Real Estate Co.
Buyer's Agent
David Junco
City of Trees Realty
List Price
$369,000
Sold Price
$360,000
Premium/Discount to List
-$9,000
-2.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.25%
Original Mortgage
$165,000
Interest Rate
4.36%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 9, 2010
Sold by
The Bank Of New York Mellon
Bought by
Pinocchio James W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,290
Interest Rate
5.5%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 12, 2009
Sold by
Reber David J and Reber Susan Links
Bought by
The Bank Of New York Mellon and Jp Morgan Chase Bank Na

Purchase Details

Closed on
Feb 2, 2005
Sold by
Reber David J and Reber Susan Links
Bought by
Reber David J and Reber Susan Links

Purchase Details

Closed on
Aug 4, 2004
Sold by
Murphy Joe A and Murphy Sondra L
Bought by
Reber David J and Reber Susan Links

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$319,200
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 26, 2003
Sold by
Murphy Joe A and Murphy Sondra L
Bought by
Murphy Joe A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 15, 2002
Sold by
Murphy Joe A and Murphy Sondra L
Bought by
The Joe A Murphy Sr & Sondra L Murphy Jo

Purchase Details

Closed on
Jun 27, 2000
Sold by
Carmack Kristin V and Estate Of John W Jenson
Bought by
Murphy Joe A and Murphy Sondra L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,000
Interest Rate
8.07%

Purchase Details

Closed on
Aug 17, 1999
Sold by
Pa Merlen Properties
Bought by
Carmack Kristin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,000
Interest Rate
7.56%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Lang Living Trust -- None Listed On Document
Lang John A $650,000 Mid Valley Title
Galler Elizabeth E $420,000 Mid Valley Title & Escrow Co
Ternero Felipe $360,000 Mid Valley Title & Escrow Co
Pinocchio James W $270,000 Chicago Title Company
The Bank Of New York Mellon $222,255 First American Title Ins Co
The Bank Of New York Mellon $222,255 First American Title Ins Co
Reber David J -- --
Reber David J $399,000 Mid Valley Title & Escrow Co
Murphy Joe A -- Fidelity National Title Co
Murphy Joe A -- Fidelity National Title Co
The Joe A Murphy Sr & Sondra L Murphy Jo -- --
Murphy Joe A $165,000 Mid Valley Title & Escrow Co
Carmack Kristin $156,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Galler Elizabeth E $215,000
Previous Owner Ternero Felipe $165,000
Previous Owner Pinocchio James W $255,290
Previous Owner Reber David J $319,200
Previous Owner Murphy Joe A $175,000
Previous Owner Murphy Joe A $123,000
Previous Owner Carmack Kristin $108,000
Closed Reber David J $59,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/22/2016 09/22/16 Sold $420,000 -3.4% $128 / Sq Ft
07/23/2016 07/23/16 Pending -- -- --
07/18/2016 07/18/16 For Sale $435,000 +20.8% $132 / Sq Ft
09/20/2013 09/20/13 Sold $360,000 -2.4% $109 / Sq Ft View Prior Sale
06/09/2013 06/09/13 Pending -- -- --
05/21/2013 05/21/13 For Sale $369,000 -- $112 / 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 $7,507 $689,784 $175,099 $514,685
2024 $7,507 $676,260 $171,666 $504,594
2023 $7,419 $663,000 $168,300 $494,700
2022 $7,303 $650,000 $165,000 $485,000
2021 $5,074 $450,324 $139,386 $310,938
2020 $5,062 $445,707 $137,957 $307,750
2019 $4,973 $436,968 $135,252 $301,716
2018 $4,881 $428,400 $132,600 $295,800
2017 $4,779 $420,000 $130,000 $290,000
2016 $3,955 $372,791 $124,263 $248,528
2015 $3,954 $367,192 $122,397 $244,795
2014 $3,864 $360,000 $120,000 $240,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CH16156340

California Regional Multiple Listing Service (CRMLS)

APN: 002-050-117-000