NOT LISTED FOR SALE

2687 White Ave Chico, CA 95973

Estimated Value: $550,066 - $571,000

6 Beds
2 Baths
2,412 Sq Ft
$233/Sq Ft Est. Value

Last Sold October 18, 2016

Last sale price $379,000 $157 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $3,499/month

48 Days on Market

Highlights

  • Fireplace in Kitchen
  • Wood Flooring
  • Laundry Room
  • Bidwell Junior High School Rated A-
  • Double Pane Windows
  • Central Heating and Cooling System

About This Home

As of October 2016

Great producing income property! Seller has replaced windows, doors, flooring, paint, installed low maintenance landscaping. Live in one side and rent the other or just land yourself one of the highest cap duplexes on the market in Chico. Both units have 3 beds and 1.5 baths and large garages, indoor laundry. Lot is oversized with room for additional units in the back. Very large back yards and very functional floor plan.

Last Agent to Sell the Property

David Bronson

People's Choice Brokers License #01405631 Listed on: 06/28/2016

Last Buyer's Agent

Frank Condon

NextHome North Valley Realty License #01739641

NextHome North Valley Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,315

Year Built

  • Built in 1980

Lot Details

  • 0.39 Acre Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage
  • Parking Available
  • Front Facing Garage
  • Side Facing Garage
  • Garage Door Opener

Home Design

  • Property Attached
  • Turnkey
  • Slab Foundation
  • Tar and Gravel Roof
  • Composition Roof

Interior Spaces

  • 2,412 Sq Ft Home
  • 2-Story Property
  • Electric Fireplace
  • Gas Fireplace
  • Double Pane Windows
  • Living Room with Fireplace

Kitchen

  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Fireplace in Kitchen

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 6 Bedrooms
  • All Upper Level Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • 220 Volts In Laundry

Outdoor Features

  • Fireplace in Patio
  • Rain Gutters

Utilities

  • Central Heating and Cooling System
  • Conventional Septic

Listing and Financial Details

  • Assessor Parcel Number 007180068000

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $1,200
  • New Taxes Expense $4,500
  • Gross Income $1,350

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,315

Year Built

Built in 1980

Lot Details

0

Parking

4

Listing Details

  • Property Attached: Yes
  • Property Condition: Turnkey
  • Property Type: Residential Income
  • Parcel Number: 007180068000
  • Year Built: 1980
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Entry Location: Ground Level
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Wood
  • Appliances: Yes
  • Fireplace Features: Electric, Gas, Kitchen, Living Room, Patio
  • Levels: Two
  • Price Per Square Foot: 157.13
  • Room Type: All Bedrooms Up
  • Window Features: Double Pane Windows

Exterior Features

  • Foundation: Slab
  • Pool Private: No
  • Roof: Composition, Tar/Gravel

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Concrete, Garage Faces Front, Garage Door Opener, Garage Faces Side
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Range, Gas Cooktop, Microwave
  • Electric: 220 Volts in Laundry
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Conventional Septic
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Gutters

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 16988.00
  • Price Per Lot Square Foot: 23.49

Multi Family

  • Gross Income: 1350.00
  • Gross Scheduled Income: 16200.00
  • Insurance Expense: 1200.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Rent Control: No

Tax Info

  • New Taxes Expense: 4500.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 28, 2016
Closed on
Oct 20, 2016
Sold by
Hiughes Orval W and Hiughes Carolyn J
Bought by
Hughes Orval and Hughes Carolyn
Seller's Agent
David Bronson
People's Choice Brokers
Buyer's Agent
Frank Condon
NextHome North Valley Realty
List Price
$419,000
Sold Price
$379,000
Premium/Discount to List
-$40,000
-9.55%
Current Estimated Value
$561,017

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$182,017
Avg. Annual Appreciation
5.03%
Original Mortgage
$280,460
Outstanding Balance
$225,905
Interest Rate
3.44%
Mortgage Type
New Conventional
Estimated Equity
$359,137

Purchase Details

Listed on
Jun 28, 2016
Closed on
Oct 13, 2016
Sold by
Jennings Leroy J
Bought by
Hughes Orval W and Hughes Carolyn J
Seller's Agent
David Bronson
People's Choice Brokers
Buyer's Agent
Frank Condon
NextHome North Valley Realty
List Price
$419,000
Sold Price
$379,000
Premium/Discount to List
-$40,000
-9.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,460
Outstanding Balance
$225,905
Interest Rate
3.44%
Mortgage Type
New Conventional
Estimated Equity
$359,137

Purchase Details

Listed on
May 12, 2015
Closed on
Jul 16, 2015
Sold by
Snyder John L and The Snyder Family Trust
Bought by
Jennings Leroy J
Seller's Agent
Daniel Bosch
Re/Max of Chico
Buyer's Agent
David Bronson
People's Choice Brokers
List Price
$325,000
Sold Price
$321,500
Premium/Discount to List
-$3,500
-1.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.44%
Original Mortgage
$325,147
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 28, 2008
Sold by
Snyder John L
Bought by
Snyder John L and Snyder Family Trust

Purchase Details

Closed on
Feb 6, 2007
Sold by
Mcintosh Donald W and Crabtree Susan
Bought by
Snyder John L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$264,000
Interest Rate
6.17%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 28, 2004
Sold by
Mcintosh Donald V
Bought by
Mcintosh Donald and Crabtree Susan M

Purchase Details

Closed on
Aug 20, 2004
Sold by
Bettencourt Joseph M and Bettencourt Lori M Welch
Bought by
Mcintosh Donald

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,600
Interest Rate
4.13%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 9, 2002
Sold by
Walker George W and Lowen Christiana V
Bought by
Bettencourt Joseph M and Bettencourt Lori M Welch

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$193,500
Interest Rate
6.09%

Purchase Details

Closed on
Oct 2, 2000
Sold by
Walker George W and Walker Irma M
Bought by
Walker George W and Walker Irma M
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
Hughes Orval -- Mid Valley Title & Escrow Co
Hughes Orval W $379,000 Mid Valley Title & Escrow Co
Jennings Leroy J $321,500 Mid Valley Title & Escrow Co
Snyder John L -- None Available
Snyder John L $330,000 Bidwell Title & Escrow Co
Mcintosh Donald -- --
Mcintosh Donald $338,000 Mid Valley Title & Escrow Co
Bettencourt Joseph M $258,000 Bidwell Title & Escrow Co
Walker George W -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hughes Orval $280,460
Previous Owner Jennings Leroy J $325,147
Previous Owner Snyder John L $264,000
Previous Owner Mcintosh Donald $236,600
Previous Owner Bettencourt Joseph M $193,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/18/2016 10/18/16 Sold $379,000 -5.0% $157 / Sq Ft
08/15/2016 08/15/16 Pending -- -- --
07/18/2016 07/18/16 Price Changed $399,000 -4.8% $165 / Sq Ft
06/28/2016 06/28/16 For Sale $419,000 +30.3% $174 / Sq Ft
07/29/2015 07/29/15 Sold $321,500 -1.1% $133 / Sq Ft
06/02/2015 06/02/15 Pending -- -- --
05/12/2015 05/12/15 For Sale $325,000 -- $135 / 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 $5,315 $439,534 $150,874 $288,660
2024 $5,315 $428,956 $147,916 $281,040
2023 $5,259 $422,546 $145,016 $277,530
2022 $5,184 $414,301 $142,173 $272,128
2021 $5,097 $406,218 $139,386 $266,832
2020 $5,084 $402,074 $137,957 $264,117
2019 $4,454 $394,230 $135,252 $258,978
2018 $4,373 $386,540 $132,600 $253,940
2017 $4,285 $379,000 $130,000 $249,000
2016 $3,385 $321,500 $100,000 $221,500
2015 $2,781 $260,000 $115,000 $145,000
2014 $2,568 $240,000 $90,000 $150,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CH16139764

California Regional Multiple Listing Service (CRMLS)

APN: 007-180-068-000