$340,000
SOLD FEB 21, 2025

2 Rainier Ln Chico, CA 95973

3 Beds
1.5 Baths
1,119 Sq Ft
4,792 Sq Ft Lot

Recently Sold

$304 Per Sq Ft

13% Below List Price

57 Days on Market

Highlights

  • Golf Course Community
  • Private Yard
  • Neighborhood Views
  • Bidwell Junior High School Rated A-
  • No HOA
  • Hiking Trails

About This Home

As of February 2025

Looking for a great deal with potential? This charming 3-bedroom, 1.5-bathroom home is the perfect opportunity for a first-time buyer or savvy investor. With some TLC, this property can be transformed into a cozy home or a profitable rental. Large backyard with potential for outdoor entertaining or gardening. Private driveway and ample off-street parking. Conveniently located near schools, shopping, and popular restaurants. Easy access to freeways, making commutes a breeze. Close to public transportation and other essential amenities. This home is priced to sell and offers tremendous upside with some renovation. Whether you're a first-time homebuyer eager to make your mark or an investor looking for a project, this property is full of possibilities! Schedule a showing today and bring your vision to life!

Last Agent to Sell the Property

Delia Hernandez

NextHome North Valley Realty Brokerage Email: mychicorealtor@outlook.com License #02151769 Listed on: 12/04/2024

NextHome North Valley Realty

Last Buyer's Agent

Jon Baird

Parkway Real Estate Co. License #01936985

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,164

Year Built

  • Built in 1986

Lot Details

  • 4,792 Sq Ft Lot
  • Private Yard
  • Density is up to 1 Unit/Acre
  • Property is zoned 00

Parking

  • 2 Car Attached Garage

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 1,119 Sq Ft Home
  • 1-Story Property
  • Neighborhood Views

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Additional Features

  • Rain Gutters
  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 78
  • Assessor Parcel Number 015040037000

Community Details

Overview

  • No Home Owners Association

Recreation

  • Golf Course Community
  • Park
  • Hiking Trails
  • Bike Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,164

Year Built

Built in 1986

Lot Details

0

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: No
  • Property Attached: No
  • View: Yes
  • Zoning: 00
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 015040037000
  • Year Built: 1986
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1119.00 Square Feet
  • Stories: 1
  • Entry Location: Front Door
  • Common Walls: No Common Walls
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Entry Level: 1
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 303.84
  • Room Type: All Bedrooms Down

Exterior Features

  • View: Neighborhood
  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Gas & Electric Dryer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Curbs, Golf, Hiking, Gutters, Park

Schools

  • School District: Chico Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Yard
  • Lot Size Sq Ft: 4792.00
  • Lot Size Acres: 0.1100

Multi Family

  • Lease Considered: No
  • Lot Size Area: 4792.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 1.04
  • Tax Lot: 78

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 16, 2010
Sold by
Montanez Erika
Bought by
Cortes Demetrio Nieves
Current Estimated Value
$378,485

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,249
Outstanding Balance
$131,937
Interest Rate
4.75%
Mortgage Type
FHA
Estimated Equity
$246,548

Purchase Details

Closed on
Oct 15, 2010
Sold by
Montanez Erika
Bought by
Cortes Demetrio Nieves

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,249
Outstanding Balance
$131,937
Interest Rate
4.75%
Mortgage Type
FHA
Estimated Equity
$246,548

Purchase Details

Closed on
Dec 9, 2003
Sold by
Bell Cheryl A and Coates Cheryl A
Bought by
Cortes Demetrio Nieves

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,000
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 13, 2001
Sold by
Coates Stephen
Bought by
Coates Cheryl A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
7.11%
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Interfamily Deed Transfer -- Fidelity Natl Title Co Of Ca
Interfamily Deed Transfer -- Mid Valley Title & Escrow Co
Grant Deed $205,000 Mid Valley Title & Escrow Co
Interfamily Deed Transfer -- Mid Valley Title
Grant Deed $137,500 Mid Valley Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $195,249 FHA
Previous Owner $164,000 Purchase Money Mortgage
Previous Owner $110,000 No Value Available
Closed $20,600 No Value Available
Closed $41,000 No Value Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/21/2025 02/21/25 Sold $340,000 -12.6% $304 / Sq Ft
01/30/2025 01/30/25 Pending -- -- --
12/04/2024 12/04/24 For Sale $389,000 -- $348 / 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 $3,164 $291,445 $127,952 $163,493
2024 $3,164 $285,732 $125,444 $160,288
2023 $3,127 $280,131 $122,985 $157,146
2022 $3,077 $274,639 $120,574 $154,065
2021 $3,019 $269,255 $118,210 $151,045
2020 $3,011 $266,495 $116,998 $149,497
2019 $2,956 $261,270 $114,704 $146,566
2018 $2,902 $256,148 $112,455 $143,693
2017 $2,843 $251,126 $110,250 $140,876
2016 $2,425 $230,000 $115,000 $115,000
2015 $2,355 $220,000 $105,000 $115,000
2014 $2,185 $205,000 $100,000 $105,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN24243900

California Regional Multiple Listing Service (CRMLS)

APN: 015-040-037-000