NOT LISTED FOR SALE
11 Beds
4 Baths
4,469 Sq Ft
9,583 Sq Ft Lot

Sale Details

Date Sold: February 5, 2016

Last sale price $399,900 $89 Per Sq Ft

164 Days on Market

Highlights

  • No HOA
  • Space Heater
  • Wood Fence

About This Home

As of February 2016

Four units on one lot - Great investment opportunity! Multi-unit building (1905 Locust St) w/ three 3bd/1ba residential units plus office / common room was built in 1983. Each unit has open plan concept living, kitchen, & dining areas, three bedrooms, large hall bathroom, entry closet, and laundry hook-ups. Separate 2bd/1ba house (255 E 19th St) has tons of old Chico charm and boasts high ceilings, newer vinyl windows, arched entry to dining room, newer electrical throughout, large cellar for storage, laundry room, gracious front porch, and separate fenced yard. Unit 2 of the multi-unit building is currently used as the rental office, but could also be used as a common area / rec room. Property features 8 off-street parking stalls, secure mailbox, shared yard area, and long-term tenants!

Last Agent to Sell the Property

Kiersten Morgan

Keller Williams Realty Chico Area License #01808835 Listed on: 12/08/2015

Keller Williams Realty Chico Area

Last Buyer's Agent

Carolyn Fejes

Re/Max of Chico License #01875522

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1983

Lot Details

  • 9,583 Sq Ft Lot
  • Two or More Common Walls
  • Wood Fence

Parking

  • 8 Parking Spaces

Home Design

  • Property Attached

Interior Spaces

  • 4,469 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry in Kitchen
  • Washer Hookup

Utilities

  • Cooling System Mounted To A Wall/Window
  • Space Heater
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Assessor Parcel Number 005247004000

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $2,275
  • Maintenance Expense $2,500
  • Pest Control $144
  • Trash Expense $1,296
  • Water Sewer Expense $2,544
  • New Taxes Expense $4,840
  • Gross Income $41,400
  • Net Operating Income $27,801

Property Details

Home Type

Multi-Family

Year Built

Built in 1983

Lot Details

9,583 Sq Ft Lot

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Water Sewer Expenses: 2544.00
  • Property Type: Residential Income
  • Parcel Number: 005247004000
  • Year Built: 1983
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 89.48

Exterior Features

  • Fencing: Wood
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Natural Gas Available, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Space Heater, Wall Furnace
  • Laundry Features: In Kitchen, Washer Hookup
  • Pest Control Expense: 144.00
  • Trash Expense: 1296.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Lot Size Sq Ft: 9583.00
  • Price Per Lot Square Foot: 41.73
  • Lot Size Acres: 0.2200

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 41400.00
  • Gross Scheduled Income: 41400.00
  • Insurance Expense: 2275.00
  • Lot Size Area: 9583.0000 Square Feet
  • Maintenance Expense: 2500.00
  • Net Operating Income: 27801.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 13599.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 4840.00
  • Tax Year: 2014

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 8, 2015
Closed on
Feb 1, 2016
Sold by
Bought by
Seller's Agent
Kiersten Morgan
Keller Williams Realty Chico Area
Buyer's Agent
Carolyn Fejes
Re/Max of Chico
List Price
$415,000
Sold Price
$399,900
Premium/Discount to List
-$15,100
-3.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$299,925
Outstanding Balance
$233,128
Interest Rate
3.93%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$400,000 Bidwell Title & Escrow Co
-- Bidwell Title & Escrow Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $299,925
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
02/05/2016 02/05/16 Sold $399,900 -3.6% $89 / Sq Ft
11/05/2015 11/05/15 Pending -- -- --
05/25/2015 05/25/15 For Sale $415,000 -- $93 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $2,129 $22,816
2024 $1,758 $26,294
2023 $2,184 $20,675 $7,362 $13,313
2022 $1,758 $13,717 $3,398 $10,319
2021 $1,277 $12,773 $0 $0
2020 $1,220 $10,522 $0 $0
2019 $1,173 $9,847 $0 $0
2018 $1,157 $9,247 $0 $0
2017 $1,102 $9,331 $0 $0
2016 $993 $9,519 $1,250 $8,269
2014 $948 $6,083 $1,000 $5,083
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CH15111815

California Regional Multiple Listing Service (CRMLS)
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