NOT LISTED FOR SALE

2680 Ceanothus Ave Chico, CA 95973

Estimated Value: $573,000 - $601,925

5 Beds
4 Baths
2,287 Sq Ft
$256/Sq Ft Est. Value

Last Sold December 31, 2019

Last sale price $495,000 $216 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $3,548/month

80 Days on Market

Highlights

  • Contemporary Architecture
  • Corner Lot
  • Neighborhood Views
  • Marigold Elementary School Rated A-
  • No HOA
  • Double Pane Windows

About This Home

As of December 2019

Wonderful, super clean newer duplex close to schools, shopping and The Park. As an income property it is uniquely situated and surrounded by a neighborhood of single family homes. Upstairs unit has a balcony, a small patio area and a one car garage. Downstairs unit also has a small patio area and a two car garage. Located on a corner lot provides tenants extra front space and neighbors on just one side.
This property is perfect for an owner who wants to occupy one unit and live in the other. Otherwise the excellent tenants would love to stay.

Last Agent to Sell the Property

Bill Campbell

W.M. Campbell Real Estate License #01070899 Listed on: 09/12/2019

Co-Listed By

Kym Campbell

W.M. Campbell Real Estate License #01074190

Last Buyer's Agent

Hobie Jensen

Parkway Real Estate Co. License #01990048

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2006

Lot Details

  • 5,663 Sq Ft Lot
  • No Common Walls
  • Corner Lot

Parking

  • 3 Open Parking Spaces
  • 3 Car Garage

Home Design

  • Duplex
  • Contemporary Architecture
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 2,287 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • Neighborhood Views

Kitchen

  • Gas Range
  • Dishwasher
  • Tile Countertops
  • Disposal

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Suburban Location

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Connected
  • Gas Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 35
  • Assessor Parcel Number 016300035000

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Valley

Recreation

  • Park

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $915
  • Trash Expense $380
  • Water Sewer Expense $1,275
  • New Taxes Expense $5,500
  • Operating Expense $8,070
  • Gross Income $30,000
  • Net Operating Income $21,600

Property Details

Home Type

Multi-Family

Year Built

Built in 2006

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • View: Yes
  • Water Sewer Expenses: 1275.00
  • Architectural Style: Contemporary
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 016300035000
  • Year Built: 2006
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Tile Counters
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet, Vinyl
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 216.44
  • Room Type: Laundry
  • Window Features: Double Pane Windows

Exterior Features

  • Foundation: Slab
  • View: Neighborhood
  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 3.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Range, Gas Water Heater, Water Heater
  • Heating Type: Central, Forced Air
  • Laundry Features: Gas & Electric Dryer Hookup, Individual Room, Inside, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 380.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Park, Sidewalks, Street Lights, Suburban, Valley

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 5663.00
  • Lot Size Acres: 0.1300

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 30000.00
  • Gross Operating Income: 30000.00
  • Gross Scheduled Income: 30000.00
  • Insurance Expense: 915.00
  • Lot Size Area: 5663.0000 Square Feet
  • Net Operating Income: 21600.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number With Carpet: 2
  • Number With Dishwasher: 2
  • Number With Disposal: 2
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 8070.00
  • Operating Expense Percent: 27.00
  • Rent Control: No
  • Total Actual Rent: 2550.00
  • Total Expenses: 8070.00

Tax Info

  • New Taxes Expense: 5500.00
  • Tax Census Tract: 1.03
  • Tax Lot: 35

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 11, 2020
Sold by
Regan Harriette
Bought by
Regan Harriette and Patrick And Harriette Living T
Current Estimated Value
$586,481

Purchase Details

Listed on
Sep 12, 2019
Closed on
Dec 27, 2019
Sold by
Hart Roger L and Hart Sabrina A
Bought by
Regan Patrick and Regan Harriette
Seller's Agent
Bill Campbell
W.M. Campbell Real Estate
Buyer's Agent
Hobie Jensen
Parkway Real Estate Co.
List Price
$515,000
Sold Price
$495,000
Premium/Discount to List
-$20,000
-3.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.85%
Original Mortgage
$371,200
Outstanding Balance
$328,601
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$257,880

Purchase Details

Closed on
Jun 4, 2010
Sold by
Leach Joshua G and Leach Katherine A
Bought by
Hart Roger L and Hart Sabrina A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,000
Interest Rate
4.52%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 8, 2006
Sold by
Ceanothus Traditions Inc
Bought by
Leach Joshua G and Leach Katherine A
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Regan Harriette -- None Available
Regan Patrick $495,000 Bidwell Title & Escrow Co
Hart Roger L $289,000 Fidelity Natl Title Co Of Ca
Leach Joshua G $330,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Regan Patrick $371,200
Previous Owner Hart Roger L $195,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/31/2019 12/31/19 Sold $495,000 -3.9% $216 / Sq Ft
12/01/2019 12/01/19 Pending -- -- --
09/12/2019 09/12/19 For Sale $515,000 -- $225 / 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 $5,789 $541,349 $174,981 $366,368
2024 $5,789 $530,735 $171,550 $359,185
2023 $5,760 $520,330 $168,187 $352,143
2022 $5,785 $510,129 $164,890 $345,239
2021 $5,639 $500,127 $161,657 $338,470
2020 $5,653 $495,000 $160,000 $335,000
2019 $3,818 $331,910 $114,847 $217,063
2018 $3,714 $325,403 $112,596 $212,807
2017 $3,663 $319,024 $110,389 $208,635
2016 $3,373 $312,770 $108,225 $204,545
2015 $3,306 $308,073 $106,600 $201,473
2014 $3,105 $280,000 $85,000 $195,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN19216696

California Regional Multiple Listing Service (CRMLS)

APN: 016-300-035-000