NOT LISTED FOR SALE
3 Beds
2 Baths
4,266 Sq Ft
6,970 Sq Ft Lot

Sale Details

Date Sold: April 6, 2018

Last sale price $695,000 $163 Per Sq Ft

4 Days on Market

About This Home

As of April 2018

Well maintained and clean 6 unit building with plenty of upside in rents. Great location, near CSU Chico, downtown and Chico High School. 4 1/1 Units averaging $650/month and 2 2/1 Units averaging $840/month. Tenants also pay a water fee. Other similar 1 bedroom units in this area are leased for as much as $895/mo. Units share a coin laundry room that generates additional income each month, and one garage is available to a unit.

Last Agent to Sell the Property

Ryan Vaught

Ryno Company License #01444141 Listed on: 02/23/2018

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 1957

Lot Details

  • 6,970 Sq Ft Lot
  • Two or More Common Walls
  • Private Yard

Parking

  • 1 Car Garage

Home Design

  • 4,266 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Additional Features

  • Laundry in unit
  • Urban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity, telephone
  • Assessor Parcel Number 003092011000

Community Details

Building Details

  • 6 Leased Units
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,140
  • Insurance Expense $2,388
  • Maintenance Expense $1,000
  • Other Expense $1,500
  • Professional Management Expense $4,098
  • Trash Expense $1,380
  • Water Sewer Expense $2,100
  • New Taxes Expense $7,645
  • Operating Expense $21,251
  • Gross Income $4,400
  • Net Operating Income $29,976

Additional Features

  • 6 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1957

Lot Details

6,970 Sq Ft Lot

Parking

1

Listing Details

  • Professional Management Expense: 4098.00
  • Property Attached: Yes
  • Water Sewer Expenses: 2100.00
  • Zoning: R3
  • Property Type: Residential Income
  • Gardener Expense: 1140.00
  • Parcel Number: 003092011000
  • Year Built: 1957
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 162.92

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 1380.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Yard
  • Lot Size Sq Ft: 6970.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Telephone

Multi Family

  • Gross Income: 4400.00
  • Gross Scheduled Income: 52812.00
  • Insurance Expense: 2388.00
  • Maintenance Expense: 1000.00
  • Net Operating Income: 29976.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Operating Expense: 21251.00
  • Other Expense: 1500.00
  • Other Expense Description: Turnover
  • Rent Control: No
  • Total Actual Rent: 4400.00
  • Total Expenses: 21251.00

Tax Info

  • New Taxes Expense: 7645.00
  • Tax Census Tract: 6.03

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
Feb 23, 2018
Closed on
Apr 2, 2018
Sold by
Bought by
Seller's Agent
Ryan Vaught
Ryno Company
Buyer's Agent
Kenneth Winslow
Re/Max of Chico
List Price
$695,000
Sold Price
$695,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$486,500
Interest Rate
0.044%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 5, 2015
Sold by
Bought by

Purchase Details

Listed on
Jan 2, 2014
Closed on
May 7, 2014
Sold by
Bought by
Seller's Agent
Sarah Nielsen
Independent Realty Group
Buyer's Agent
Dean Gaskey
Anderson Real Estate Sales
List Price
$424,000
Sold Price
$418,000
Premium/Discount to List
-$6,000
-1.42%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
0.0438%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 30, 2013
Sold by
Bought by

Purchase Details

Closed on
Jan 25, 2005
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
$695,000 Mid Valley Title & Escrow Co
-- None Available
$417,272 Bidwell Title & Escrow Co
-- None Available
-- --
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 $486,500
Previous Owner $375,000
Previous Owner $270,000
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 Prior Sale
04/06/2018 04/06/18 Sold $695,000 0.0% $163 / Sq Ft
02/27/2018 02/27/18 Pending -- -- --
02/23/2018 02/23/18 For Sale $695,000 +66.3% $163 / Sq Ft
05/14/2014 05/14/14 Sold $418,000 -1.4% $98 / Sq Ft View Prior Sale
02/06/2014 02/06/14 Pending -- -- --
01/02/2014 01/02/14 For Sale $424,000 -- $99 / 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 $9,147 $790,511 $238,942 $551,569
2024 $8,589 $773,051 $234,257 $538,794
2023 $8,488 $759,894 $229,664 $530,230
2022 $8,351 $745,034 $225,161 $519,873
2021 $8,195 $730,466 $220,747 $509,719
2020 $8,172 $722,997 $218,484 $504,513
2019 $8,025 $708,860 $214,200 $494,660
2018 $5,139 $452,336 $172,376 $279,960
2017 $5,034 $443,507 $168,997 $274,510
2016 $4,596 $434,851 $165,684 $269,167
2015 $4,596 $428,350 $163,196 $265,154
2014 $1,318 $121,406 $15,830 $105,576
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN18042995

California Regional Multiple Listing Service (CRMLS)
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