NOT LISTED FOR SALE

Estimated Value: $348,000 - $477,000

6 Beds
2 Baths
1,680 Sq Ft
$234/Sq Ft Est. Value

Last Sold February 07, 2023

Last sale price $275,000 $164 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $2,388/month

55 Days on Market

Highlights

  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Laundry Room
  • Parkview Elementary School Rated A-
  • Living Room
  • Bike Trail

About This Home

As of February 2023

Investment opportunity! This 2 unit building is located just a few blocks from Downtown Chico and offers tremendous potential to the creative investor. Owned by the same family for many years, the time has now come to sell. The property needs some TLC, however according to the City of Chico, the zoning is RMU (Residential, mixed use) which allows for a wide variety of potential uses. Bring your imagination and ideas to this one and it could be the gem you've been looking for!

Last Agent to Sell the Property

Daniel Bosch

Re/Max of Chico License #01236305 Listed on: 12/06/2022

Re/Max of Chico

Last Buyer's Agent

Karin Anderson

Parkway Real Estate Co. License #02124385

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 6,098 Sq Ft Lot
  • Two or More Common Walls
  • Level Lot

Home Design

  • Duplex

Interior Spaces

  • 1,680 Sq Ft Home
  • Living Room
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms | 3 Main Level Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Cooling System Mounted To A Wall/Window

Listing and Financial Details

  • Legal Lot and Block 1,2 / 37
  • Assessor Parcel Number 004422001000

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Recreation

  • Bike Trail

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Structure Type: Duplex
  • Assessments: Yes
  • Property Attached: Yes
  • View: No
  • Zoning: C1
  • Property Sub Type: Duplex
  • Property Type: Residential
  • Parcel Number: 004422001000
  • Year Built: 1923
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1680.00 Square Feet
  • Common Walls: 2+ Common Walls
  • Full Bathrooms: 2
  • Total Bedrooms: 6
  • Levels: Two
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 163.69
  • Room Type: Kitchen, Living Room

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Curbs, Gutters, Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level
  • Lot Size Sq Ft: 6098.00
  • Lot Size Acres: 0.1400

Multi Family

  • Lease Considered: No
  • Lot Size Area: 6098.0000 Square Feet
  • Number Of Units Total: 2

Tax Info

  • Tax Block: 37
  • Tax Census Tract: 10.00
  • Tax Lot: 1,2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 6, 2022
Closed on
Jan 5, 2023
Sold by
Long Family Living Trust
Bought by
Miin-Jiun Liaw Family Trust
Seller's Agent
Daniel Bosch
Re/Max of Chico
Buyer's Agent
Karin Anderson
Parkway Real Estate Co.
List Price
$275,000
Sold Price
$275,000
Views
159
Current Estimated Value
$393,791

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$118,791
Avg. Annual Appreciation
13.28%

Purchase Details

Closed on
Jun 1, 2022
Sold by
Lau Man Cheong
Bought by
Man Cheong Lau Revocable Trust and Lau

Purchase Details

Closed on
Apr 13, 2021
Sold by
Long Barbara Jean Lee and Long Barbara Jean
Bought by
Long Gerald A and Long Barbara J

Purchase Details

Closed on
Jun 12, 2009
Sold by
The Maxwell & Ida Lee Family Trust
Bought by
Satake Alvin T and Satake Maxine R
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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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
Miin-Jiun Liaw Family Trust $275,000 Mid Valley Title & Escrow
Man Cheong Lau Revocable Trust -- Peters Amy
Long Gerald A -- None Available
Satake Alvin T -- None Available
Lee Wally -- None Available
Lee Wallace -- None Available
Satake Alvin T -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/07/2023 02/07/23 Sold $275,000 0.0% $164 / Sq Ft
01/30/2023 01/30/23 Pending -- -- --
01/10/2023 01/10/23 For Sale $275,000 0.0% $164 / Sq Ft
12/19/2022 12/19/22 Pending -- -- --
12/06/2022 12/06/22 For Sale $275,000 -- $164 / 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 $3,896 $286,110 $176,868 $109,242
2024 $3,896 $280,500 $173,400 $107,100
2023 $1,437 $57,171 $10,917 $46,254
2022 $1,392 $56,051 $10,703 $45,348
2021 $1,334 $54,953 $10,494 $44,459
2020 $1,315 $54,391 $10,387 $44,004
2019 $1,306 $53,326 $10,184 $43,142
2018 $1,274 $52,282 $9,985 $42,297
2017 $1,258 $51,258 $9,790 $41,468
2016 $559 $50,254 $9,599 $40,655
2015 $558 $49,500 $9,455 $40,045
2014 $550 $48,531 $9,270 $39,261
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN22249970

California Regional Multiple Listing Service (CRMLS)

APN: 004-422-001-000