NOT LISTED FOR SALE

2525 Guynn Ave Chico, CA 95973

Estimated Value: $789,108 - $830,000

7 Beds
7 Baths
3,645 Sq Ft
$223/Sq Ft Est. Value

Last Sold August 05, 2021

Last sale price $785,000 $215 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $4,956/month

11 Days on Market

Highlights

  • Corner Lot
  • No HOA
  • Central Heating and Cooling System
  • Chico Junior High School Rated A-
  • Laundry Room
  • Bike Trail

About This Home

As of August 2021

Turnkey, income producing triplex that has been meticulously maintained. New concrete driveway, water-efficient landscaping, newer central HVAC systems in units B and C. Unit A: 3 bed 3 bath, fireplace, washer/dryer, garage. Unit B: 2 bed 2 bath, fully furnished, fireplace, washer/dryer, private patio, garage with "owner" storage room. Electricity and internet/WiFi included with rent. Unit C: 2 bed 2 bath, ADA accessible, fireplace, washer/dryer, large back patio, garage. Clear septic and pest/woodrot inspection reports. Annual NOI just under $50k.

Last Agent to Sell the Property

John Lawrence

Chico Area Realty License #01870759 Listed on: 05/03/2021

Last Buyer's Agent

John Lawrence

Chico Area Realty License #01870759 Listed on: 05/03/2021

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1976

Lot Details

  • 0.38 Acre Lot
  • Two or More Common Walls
  • Corner Lot
  • Drip System Landscaping
  • Front Yard Sprinklers

Parking

  • 3 Car Garage

Home Design

  • Property Attached
  • Turnkey
  • Composition Roof

Interior Spaces

  • 3,645 Sq Ft Home
  • 1-Story Property
  • Family Room with Fireplace

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Rain Gutters

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected
  • Conventional Septic

Listing and Financial Details

  • Tax Lot 32
  • Assessor Parcel Number 042390032000

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Recreation

  • Bike Trail

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,607
  • Insurance Expense $1,784
  • Pest Control $600
  • Trash Expense $760
  • Water Sewer Expense $761
  • New Taxes Expense $8,635
  • Operating Expense $14,147
  • Gross Income $57,240
  • Net Operating Income $47,675

Property Details

Home Type

Multi-Family

Year Built

Built in 1976

Lot Details

0

Parking

3

Listing Details

  • Inclusions: refridgerators, washer/dryers
  • Property Attached: Yes
  • Water Sewer Expenses: 761.00
  • Zoning: R4
  • Property Condition: Turnkey
  • Property Type: Residential Income
  • Parcel Number: 042390032000
  • Year Built: 1976
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Fireplace Features: Family Room
  • Levels: One
  • Price Per Square Foot: 215.36

Exterior Features

  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Dryer Included, Washer Included
  • Pest Control Expense: 600.00
  • Sewer: Conventional Septic
  • Trash Expense: 760.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Curbs, Gutters, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Sprinklers Drip System, Sprinklers In Front
  • Lot Size Sq Ft: 16553.00
  • Lot Size Acres: 0.3800

Multi Family

  • Electric Expense: 1607.00
  • Gross Income: 57240.00
  • Gross Scheduled Income: 57240.00
  • Insurance Expense: 1784.00
  • Lot Size Area: 16553.0000 Square Feet
  • Net Operating Income: 47675.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Number With Dishwasher: 3
  • Number With Patio: 2
  • Number With Range: 3
  • Number With Refrigerator: 3
  • Operating Expense: 9536.00
  • Rent Control: No
  • Total Actual Rent: 4770.00
  • Total Expenses: 14147.00

Tax Info

  • New Taxes Expense: 8635.00
  • Tax Census Tract: 4.02
  • Tax Lot: 32

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 6, 2022
Sold by
Andersen Brenda C
Bought by
Brenda C Andersen Revocable Inter Vivos Trust and Andersen
Current Estimated Value
$813,036

Purchase Details

Listed on
May 3, 2021
Closed on
Jul 28, 2021
Sold by
Karasinski Kenneth and Karasinski Ellen S
Bought by
Andersen Brenda C
Seller's Agent
John Lawrence
Chico Area Realty
Buyer's Agent
John Lawrence
Chico Area Realty
List Price
$785,000
Sold Price
$785,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.79%
Original Mortgage
$450,000
Interest Rate
2.93%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 6, 2002
Sold by
Karasinski Kenneth and Karasinski Ellen
Bought by
Karasinski Kenneth and Karasinski Ellen S

Purchase Details

Closed on
Nov 6, 2000
Sold by
Declaration Greenberg Jan and Declaration Jan Greenberg 1988
Bought by
Karasinski Ken and Karasinski Ellen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,400
Interest Rate
7.86%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Brenda C Andersen Revocable Inter Vivos Trust -- Ferris Timothy D
Andersen Brenda C $785,000 Mid Valley Title & Escrow Co
Karasinski Kenneth -- Bidwell Title & Escrow Compa
Karasinski Ken $263,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Andersen Brenda C $450,000
Previous Owner Karasinski Ken $210,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/05/2021 08/05/21 Sold $785,000 0.0% $215 / Sq Ft
05/14/2021 05/14/21 Pending -- -- --
05/03/2021 05/03/21 For Sale $785,000 -- $215 / 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 $8,955 $833,047 $180,405 $652,642
2024 $8,955 $816,714 $176,868 $639,846
2023 $8,848 $800,700 $173,400 $627,300
2022 $8,706 $785,000 $170,000 $615,000
2021 $4,111 $366,104 $83,517 $282,587
2020 $4,099 $362,351 $82,661 $279,690
2019 $4,025 $355,247 $81,041 $274,206
2018 $3,951 $348,282 $79,452 $268,830
2017 $3,871 $341,454 $77,895 $263,559
2016 $3,534 $334,760 $76,368 $258,392
2015 $3,534 $329,732 $75,221 $254,511
2014 $3,461 $323,274 $73,748 $249,526
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN21093895

California Regional Multiple Listing Service (CRMLS)

APN: 042-390-032-000