NOT LISTED FOR SALE

2440 Almandor Cir Chico, CA 95926

Estimated Value: $491,198 - $609,000

8 Beds
8 Baths
3,944 Sq Ft
$138/Sq Ft Est. Value

Last Sold April 21, 2017

Last sale price $329,000 $83 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $3,355/month

2 Days on Market

Highlights

  • Cul-De-Sac
  • Laundry Room
  • Central Heating and Cooling System
  • Bidwell Junior High School Rated A-

About This Home

As of April 2017

4 Unit complex with town-home style units. Each unit has a half bath downstairs, 2 beds and a full bath upstairs. Units need updating but have great potential. Laundry facility located on site. Located in nice neighborhood, easy to rent. Current $2800 scheduled gross monthly rent. Complex has great potential with some improvements. City sewer connection is in progress with all fee paid (no fee assessed to property taxes).

Last Agent to Sell the Property

Joe Perry

Joe Perry Realty License #01849958 Listed on: 03/23/2017

Last Buyer's Agent

Sandi Bauman

Chico Homes License #01460929

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,159

Year Built

  • Built in 1964

Lot Details

  • 0.31 Acre Lot
  • 1 Common Wall
  • Cul-De-Sac

Home Design

  • Property Attached

Interior Spaces

  • 3,944 Sq Ft Home
  • Family Room with Fireplace

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Parking

  • 4 Parking Spaces
  • 4 Carport Spaces

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 015300026000

Community Details

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,200
  • Gardener Expense $700
  • Insurance Expense $1,151
  • Trash Expense $1,680
  • Water Sewer Expense $1,200
  • New Taxes Expense $2,815
  • Operating Expense $5,931
  • Gross Income $34,160
  • Net Operating Income $27,669

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,159

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 1200.00
  • Zoning: SR
  • Property Type: Residential Income
  • Gardener Expense: 700.00
  • Parcel Number: 015300026000
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: 1 Common Wall
  • Fireplace Features: Family Room
  • Price Per Square Foot: 83.42

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 1680.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Cul-De-Sac
  • Lot Size Sq Ft: 13504.00

Multi Family

  • Electric Expense: 1200.00
  • Gross Income: 34160.00
  • Gross Scheduled Income: 33600.00
  • Insurance Expense: 1151.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 560.00
  • Net Operating Income: 27669.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 5931.00
  • Rent Control: No
  • Total Actual Rent: 2800.00
  • Total Expenses: 5931.00

Tax Info

  • New Taxes Expense: 2815.00
  • Tax Census Tract: 1.04

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 23, 2017
Closed on
Apr 19, 2017
Sold by
Perry Valerie Jean and Perry Joseph
Bought by
Chou Aaron C and Chen Chioulien
Seller's Agent
Joe Perry
Joe Perry Realty
Buyer's Agent
Sandi Bauman
Chico Homes
List Price
$369,900
Sold Price
$329,000
Premium/Discount to List
-$40,900
-11.06%
Current Estimated Value
$544,550

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$215,550
Avg. Annual Appreciation
6.02%

Purchase Details

Listed on
May 18, 2015
Closed on
Dec 18, 2015
Sold by
Titus Lawrence E and Kameg Titus Robyn C
Bought by
Perry Valerie Jean and Perry Joseph
Seller's Agent
Emmett Jacobi
Century 21 Select Real Estate, Inc.
Buyer's Agent
Joe Perry
Joe Perry Realty
List Price
$349,000
Sold Price
$305,500
Premium/Discount to List
-$43,500
-12.46%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.21%
Original Mortgage
$229,125
Interest Rate
3.94%
Mortgage Type
New Conventional
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 Buyer Sale Price Title Company
Chou Aaron C $329,000 Mid Valley Title & Escrow Co
Perry Valerie Jean $305,500 Bidwell Title & Escrow Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Perry Valerie Jean $229,125
Previous Owner Titus Lawrence E $140,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/21/2017 04/21/17 Sold $329,000 -11.1% $83 / Sq Ft
03/25/2017 03/25/17 Pending -- -- --
03/23/2017 03/23/17 For Sale $369,900 +21.1% $94 / Sq Ft
01/28/2016 01/28/16 Sold $305,500 -12.5% $77 / Sq Ft
11/30/2015 11/30/15 Pending -- -- --
05/18/2015 05/18/15 For Sale $349,000 -- $88 / 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 $4,159 $382,325 $127,661 $254,664
2024 $4,159 $374,339 $125,158 $249,181
2023 $4,110 $367,500 $122,704 $244,796
2022 $4,043 $360,305 $120,299 $240,006
2021 $3,967 $353,251 $117,941 $235,310
2020 $3,956 $349,635 $116,732 $232,903
2019 $3,885 $342,791 $114,444 $228,347
2018 $3,814 $336,080 $112,200 $223,880
2017 $3,764 $332,000 $122,400 $209,600
2016 $2,815 $266,365 $99,033 $167,332
2015 $2,815 $262,373 $97,546 $164,827
2014 $2,760 $257,245 $95,636 $161,609
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CH17001128

California Regional Multiple Listing Service (CRMLS)

APN: 015-300-026-000