NOT LISTED FOR SALE

2718 White Ave Chico, CA 95973

Estimated Value: $564,017 - $649,000

8 Beds
4 Baths
3,378 Sq Ft
$180/Sq Ft Est. Value

Last Sold August 11, 2021

Last sale price $562,000 $166 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $3,723/month

8 Days on Market

Highlights

  • Traditional Architecture
  • No HOA
  • Double Pane Windows
  • Bidwell Junior High School Rated A-
  • Neighborhood Views
  • Laundry Room

About This Home

As of August 2021

Solid Chico Residential Income Property Investment Opportunity...! Well-located fourplex convenient to restaurants, shopping, employment and freeway access. Four good-sized, fully-rented, 2 Bedroom and 1 Bath units with on-site laundry room and on-site parking. Three units have been cosmetically renovated and 2 units include newer central HVAC units. The building has newer paint and all newer energy efficient dual pane windows. Call for more information.

Last Agent to Sell the Property

William Granicher

Granicher Real Estate License #02004418 Listed on: 06/25/2021

Last Buyer's Agent

Steven Depa

Re/Max of Chico License #00813533

Re/Max of Chico

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1986

Lot Details

  • 10,019 Sq Ft Lot
  • No Common Walls
  • Wood Fence
  • Level Lot
  • Sprinkler System

Home Design

  • Quadruplex
  • Traditional Architecture
  • Slab Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 3,378 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • Neighborhood Views
  • Laundry Room

Kitchen

  • Electric Oven
  • Electric Cooktop

Flooring

  • Carpet
  • Laminate
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces
  • Parking Available
  • Driveway
  • Paved Parking

Outdoor Features

  • Exterior Lighting

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 1
  • Assessor Parcel Number 007180075000

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Electric Expense $250
  • Gardener Expense $1,000
  • Insurance Expense $1,400
  • Trash Expense $925
  • Water Sewer Expense $1,750
  • New Taxes Expense $6,545
  • Operating Expense $11,870
  • Gross Income $42,858
  • Net Operating Income $30,988

Property Details

Home Type

Multi-Family

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 1750.00
  • Zoning: CITY
  • Architectural Style: Traditional
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1000.00
  • Parcel Number: 007180075000
  • Year Built: 1986
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet, Laminate, Tile, Vinyl
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 166.37
  • Window Features: Double Pane Windows

Exterior Features

  • Foundation: Slab
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: Asphalt, Paved, Uncovered
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 8.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Electric Oven, Electric Cooktop
  • Electric: Electricity - On Property
  • Heating Type: Central
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 925.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level, Sprinkler System
  • Lot Size Sq Ft: 10019.00
  • Lot Size Acres: 0.2300

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 250.00
  • Gross Income: 42858.00
  • Gross Operating Income: 42858.00
  • Gross Scheduled Income: 42858.00
  • Insurance Expense: 1400.00
  • Lot Size Area: 10019.0000 Square Feet
  • Net Operating Income: 30988.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Dishwasher: 4
  • Number With Disposal: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 11870.00
  • Operating Expense Percent: 27.70
  • Other Income Description: Laundry Income Not Included
  • Rent Control: Yes
  • Total Expenses: 11870.00

Tax Info

  • New Taxes Expense: 6545.00
  • Tax Census Tract: 2.02
  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 25, 2021
Closed on
Aug 9, 2021
Sold by
Clark David B and Clark Tiffany
Bought by
Clark David and Clark Tiffany
Seller's Agent
William Granicher
Granicher Real Estate
Buyer's Agent
Steven Depa
Re/Max of Chico
List Price
$595,000
Sold Price
$562,000
Premium/Discount to List
-$33,000
-5.55%
Current Estimated Value
$609,006

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$47,006
Avg. Annual Appreciation
1.84%
Original Mortgage
$421,500
Outstanding Balance
$383,274
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$225,732

Purchase Details

Listed on
Jun 25, 2021
Closed on
Aug 5, 2021
Sold by
Middleman Lee M and Middleman Donnie M
Bought by
Clark David B and Clark Tiffany
Seller's Agent
William Granicher
Granicher Real Estate
Buyer's Agent
Steven Depa
Re/Max of Chico
List Price
$595,000
Sold Price
$562,000
Premium/Discount to List
-$33,000
-5.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$421,500
Outstanding Balance
$383,274
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$225,732

Purchase Details

Closed on
Dec 2, 2015
Sold by
Zeissler Alice E
Bought by
The Lee & Donnie Middleman Living Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$249,375
Interest Rate
3.73%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 11, 2011
Closed on
Oct 12, 2012
Sold by
Thompson James B and Thompson Anne F
Bought by
Zeissler Alice E
Seller's Agent
B.J. Parsons
Parkway Real Estate Co.
Buyer's Agent
Alice Zeissler
Century 21 Select Real Estate, Inc.
List Price
$319,000
Sold Price
$258,850
Premium/Discount to List
-$60,150
-18.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.68%
Original Mortgage
$194,137
Interest Rate
3.58%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 11, 2011
Closed on
Sep 13, 2012
Sold by
Zeissler Thomas A and Zeissler Alice
Bought by
Zeissler Alice E
Seller's Agent
B.J. Parsons
Parkway Real Estate Co.
Buyer's Agent
Alice Zeissler
Century 21 Select Real Estate, Inc.
List Price
$319,000
Sold Price
$258,850
Premium/Discount to List
-$60,150
-18.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$194,137
Interest Rate
3.58%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 21, 2004
Sold by
Thompson James B and Thompson Anne F
Bought by
Thompson James B and Thompson Anne F

Purchase Details

Closed on
Jul 29, 2004
Sold by
Lofgren Mildred J and Lofgren Bruce A
Bought by
Thompson James B and Thompson Anne F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$273,637
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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

Date Buyer Sale Price Title Company
Clark David -- Mid Valley Title & Escrow Co
Clark David B $562,000 Mid Valley Title & Escrow Co
The Lee & Donnie Middleman Living Trust $332,500 Mid Valley Title & Escrow Co
Zeissler Alice E $259,000 Bidwell Title & Escrow Co
Zeissler Alice E -- Bidwell Title & Escrow Co
Thompson James B -- --
Thompson James B $371,000 Fidelity Natl Title Co Of Ca
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Clark David B $421,500
Previous Owner The Lee & Donnie Middleman Living Trust $249,375
Previous Owner Zeissler Alice E $194,137
Previous Owner Thompson James B $273,637
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/11/2021 08/11/21 Sold $562,000 -5.5% $166 / Sq Ft
07/03/2021 07/03/21 Pending -- -- --
06/25/2021 06/25/21 For Sale $595,000 +129.9% $176 / Sq Ft
10/16/2012 10/16/12 Sold $258,850 -18.9% $77 / Sq Ft View Prior Sale
08/31/2012 08/31/12 Pending -- -- --
08/11/2011 08/11/11 For Sale $319,000 -- $94 / 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 $6,472 $596,153 $196,323 $399,830
2024 $6,472 $580,543 $192,474 $388,069
2023 $6,396 $573,160 $188,700 $384,460
2022 $6,295 $562,000 $185,000 $377,000
2021 $4,105 $365,634 $109,363 $256,271
2020 $4,094 $361,906 $108,242 $253,664
2019 $4,021 $354,850 $106,120 $248,730
2018 $3,948 $347,933 $104,040 $243,893
2017 $3,867 $341,150 $102,000 $239,150
2016 $3,530 $334,500 $100,000 $234,500
2015 $2,867 $267,270 $81,968 $185,302
2014 $2,799 $262,075 $80,363 $181,712
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN21138103

California Regional Multiple Listing Service (CRMLS)

APN: 007-180-075-000