NOT LISTED FOR SALE

2503 Floral Ave Chico, CA 95973

Estimated Value: $855,000

1.77 Acres
$483,051 Price per Acre
77,101 Sq Ft Lot

Last Sold September 29, 2020

Last sale price $760,000

Est. 12% increase in value since last sale

Current estimated payment $5,370/month

202 Days on Market

Highlights

  • Corner Lot
  • No HOA
  • Views
  • Bidwell Junior High School Rated A-

About This Lot

As of September 2020

2501/2503 Floral Ave. This well designed and located complex is proposed and approved for the two corner parcels on East Ave and Floral Avenue. Total conditioned space is 29,168 sq ft. This location has a high volume of drive by traffic and is located near several schools. Shopping and stores are nearby. This shovel ready project is approved and ready for a contractor to pay permit fees and commence construction. Proposed project is similar to a recent development at 2910 Joshua Tree. Buyer shall confirm all aspects of this listing, including lot size, plans and approvals to their satisfaction. PHOTOS FROM SIMILAR COMPLETED PROJECTS

Last Agent to Sell the Property

Ryan Vaught

Ryno Company License #01444141 Listed on: 02/04/2020

Last Buyer's Agent

Ryan Vaught

Ryno Company License #01444141 Listed on: 02/04/2020

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $8,657

Lot Details

  • 1.77 Acre Lot
  • Corner Lot
  • Property is zoned OR

Additional Features

  • Property Views

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 12
  • Assessor Parcel Number 015250066000

Property Details

Property Type

Land

Est. Annual Taxes

$8,657

Lot Details

0

Listing Details

  • View: Yes
  • Zoning: OR
  • Property Type: Land
  • Parcel Number: 015250066000
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Price Per Square Foot: 9.86

Utilities

  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 77101.20
  • Lot Size Acres: 1.7700

Multi Family

  • Lot Size Area: 1.7700 Acres

Tax Info

  • Tax Census Tract: 1.02
  • Tax Lot: 12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 22, 2019
Sold by
Corrigan Patrick T and Corrigan Jill A
Bought by
City Of Chico
Current Estimated Value
$855,000

Purchase Details

Closed on
May 24, 2016
Sold by
Revocab Damschen Laura Virginia
Bought by
Corrigan Family Revoable Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
3.66%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 13, 2015
Sold by
Yuba Investments North Market Lp
Bought by
Damschen Laura Virginia

Purchase Details

Closed on
Oct 23, 2013
Sold by
Bank Of The West
Bought by
Yuba Investments North Market Lp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$201,240
Interest Rate
4.17%
Mortgage Type
Unknown

Purchase Details

Closed on
Oct 12, 2011
Sold by
Floral Plaza Realty Partners Llc
Bought by
Bank Of The West

Purchase Details

Closed on
Oct 15, 2004
Sold by
Cantwell Phyllis E
Bought by
Stornetta Toby L and Stornetta Karen R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$371,000
Interest Rate
5.82%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
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
City Of Chico -- None Available
City Of Chico -- None Available
Corrigan Family Revoable Trust $500,000 Mid Valley Title & Escrow Co
Damschen Laura Virginia $225,000 Mid Valley Title & Escrow Co
Yuba Investments North Market Lp -- None Available
Bank Of The West $607,500 None Available
Stornetta Toby L $495,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Floral East Llc $356,021
Closed Floral East Llc $404,673
Open Floral East Llc $3,995,000
Previous Owner Corrigan Family Revoable Trust $400,000
Previous Owner Yuba Investments North Market Lp $201,240
Previous Owner Stornetta Toby L $371,000
Previous Owner Cantwell Don L $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/29/2020 09/29/20 Sold $760,000 -4.9% --
08/24/2020 08/24/20 Pending -- -- --
07/11/2020 07/11/20 For Sale $799,000 0.0% --
05/15/2020 05/15/20 Pending -- -- --
04/10/2020 04/10/20 Price Changed $799,000 -11.1% --
02/04/2020 02/04/20 For Sale $899,000 -- --
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
2022 $8,657 $775,200 $775,200 $0
2021 $8,494 $760,000 $760,000 $0
2020 $2,744 $243,546 $243,546 $0
2019 $2,694 $238,771 $238,771 $0
2018 $2,645 $234,090 $234,090 $0
2017 $2,592 $229,500 $229,500 $0
2016 $1,335 $126,906 $126,906 $0
2015 $2,624 $245,905 $245,905 $0
2014 -- $241,089 $241,089 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN20025358

California Regional Multiple Listing Service (CRMLS)

APN: 015-250-069-000