NOT LISTED FOR SALE

194 Panama Ave Chico, CA 95973

Estimated Value: $483,000 - $658,866

4 Beds
4 Baths
2,110 Sq Ft
$261/Sq Ft Est. Value

Last Sold October 21, 2016

Last sale price $465,000 $220 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $3,362/month

10 Days on Market

Highlights

  • Contemporary Architecture
  • Property is near public transit
  • Central Heating and Cooling System
  • Bidwell Junior High School Rated A-
  • Neighborhood Views
  • 1 Car Garage

About This Home

As of October 2016

Unique investment opportunity! A 1.7 acre parcel with an existing duplex zoned Office-Residential. The duplex consists of two 2-bed, 2-bath units, with garages and private back yards. Forced-air heating and cooling, newer roof. Carpet and tile flooring, tile counter tops, and laundry hook-ups. Actually very nice units. With $500 monthly storage on the lot from 2 nearby business', this property's monthly income is $2,820. The real kicker is, the duplex can be split off, and the remaining approx 1.4 acres could be developed. Curbs, gutters and sidewalks existing, sewer in the street. Opportunity knocks rarely on a property like this!

Last Agent to Sell the Property

Bill Campbell

W.M. Campbell Real Estate License #01070899 Listed on: 05/09/2016

Last Buyer's Agent

Paul Champlin

Century 21 Select Real Estate, Inc. License #01436522

Century 21 Select Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,342

Year Built

  • Built in 1951

Lot Details

  • 1.67 Acre Lot
  • 1 Common Wall
  • Level Lot
  • Irregular Lot
  • Density is 16-20 Units/Acre

Parking

  • 1 Car Garage
  • Parking Available
  • Driveway

Home Design

  • Contemporary Architecture
  • Property Attached
  • Composition Roof

Interior Spaces

  • 2,110 Sq Ft Home
  • Neighborhood Views

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Utilities

  • Central Heating and Cooling System
  • Conventional Septic

Additional Features

  • Rain Gutters
  • Property is near public transit

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection
  • Assessor Parcel Number 006054014000

Community Details

Overview

  • 2 Units
  • Valley

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,215
  • Water Sewer Expense $492
  • New Taxes Expense $5,938
  • Gross Income $2,820
  • Net Operating Income $21,723

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,342

Year Built

Built in 1951

Lot Details

0

Parking

1

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: Yes
  • Water Sewer Expenses: 492.00
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Parcel Number: 006054014000
  • Year Built: 1951
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 220.38

Exterior Features

  • View: Neighborhood
  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Driveway, Garage
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Natural Gas Available, Sewer Available, Water Connected
  • Heating: Yes
  • Heating Type: Central
  • Sewer: Conventional Septic
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Storm Drains, Valley

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 16-20 Units/Acre, Level, Irregular Lot, Lot Over 40000 Sqft, Near Public Transit
  • Lot Size Sq Ft: 72745.00
  • Price Per Lot Square Foot: 6.53

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Gross Income: 2820.00
  • Gross Scheduled Income: 33840.00
  • Insurance Expense: 1215.00
  • Net Operating Income: 21723.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number With Carpet: 2
  • Number With Range: 2
  • Operating Expense: 10898.00
  • Other Income Description: storage rent on lot.
  • Rent Control: No
  • Total Actual Rent: 2320.00
  • Vacancy Allowance Rate: 3.60

Tax Info

  • New Taxes Expense: 5938.00

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/21/2016 10/21/16 Sold $465,000 -2.1% $220 / Sq Ft
05/19/2016 05/19/16 Pending -- -- --
05/09/2016 05/09/16 For Sale $475,000 -- $225 / 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 $4,342 $400,396 $150,874 $249,522
2024 $4,342 $392,546 $147,916 $244,630
2023 $4,291 $384,850 $145,016 $239,834
2022 $4,222 $377,305 $142,173 $235,132
2021 $4,143 $369,908 $139,386 $230,522
2020 $4,131 $366,116 $137,957 $228,159
2019 $4,056 $358,938 $135,252 $223,686
2018 $3,982 $351,900 $132,600 $219,300
2017 $0 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CH16100143

California Regional Multiple Listing Service (CRMLS)

APN: 006-054-016-000