Seller's Agent in 2019
Kenneth Winslow
RE/MAX
(530) 809-3700
17 Total Sales
30
Beds
20
Baths
13,541
Sq Ft
0.5
Acres
Highlights
- Laundry Room
- Central Heating and Cooling System
- Fenced
- Bidwell Junior High School Rated A-
About This Home
As of August 2019Sale includes both 2805 and 2811 Morseman Avenue two separate parcel numbers (007-200-009 & 007-200-008).
This sale is subject to 1031 Tax deferred exchange, seller is currently in escrow with replacement property.
Extremely well-maintained 10 units, all 3 bedroom 2 bath, inside laundry, back yards and 1 car garages.
Superb investment in todays market providing a 6.3% Cap Rate at list price. All units are on month-to-month leases except one. Each parcel has 2 duplexes and one single detached unit, totaling 5 units per parcel. Rents stated reflect nominal rental increase beginning July 1st 2019.
Last Agent to Sell the Property
Re/Max of Chico License #00956005 Listed on: 05/28/2019
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1985
Lot Details
- 0.5 Acre Lot
- 1 Common Wall
- Fenced
- Fence is in average condition
- Density is 2-5 Units/Acre
Parking
- 10 Car Garage
Home Design
- 13,541 Sq Ft Home
- Property Attached
- Composition Roof
Bedrooms and Bathrooms
- 30 Bedrooms
- 20 Bathrooms
Additional Features
- Laundry Room
- Central Heating and Cooling System
Listing and Financial Details
- Tax Tract Number 2
- Assessor Parcel Number 007200009000
Community Details
Overview
- 6 Buildings
- 10 Units
Building Details
- 1 Leased Unit
- 10 Separate Electric Meters
- 10 Separate Gas Meters
- 10 Separate Water Meters
- Gardener Expense $5,820
- Insurance Expense $4,462
- Other Expense $7,055
- Trash Expense $5,023
- Water Sewer Expense $2,519
- New Taxes Expense $18,550
- Operating Expense $43,429
- Gross Income $150,240
- Net Operating Income $106,811
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/23/2019 08/23/19 | Sold | $1,550,000 | -2.8% | $114 / Sq Ft |
| 08/13/2019 08/13/19 | Pending | -- | -- | -- |
| 07/25/2019 07/25/19 | Price Changed | $1,595,000 | 0.0% | $118 / Sq Ft |
| 07/25/2019 07/25/19 | For Sale | $1,595,000 | -5.9% | $118 / Sq Ft |
| 07/22/2019 07/22/19 | Pending | -- | -- | -- |
| 07/17/2019 07/17/19 | Price Changed | $1,695,000 | -3.1% | $125 / Sq Ft |
| 07/12/2019 07/12/19 | For Sale | $1,750,000 | 0.0% | $129 / Sq Ft |
| 05/30/2019 05/30/19 | Pending | -- | -- | -- |
| 05/28/2019 05/28/19 | For Sale | $1,750,000 | +40.0% | $129 / Sq Ft |
| 10/23/2015 10/23/15 | Sold | $1,250,000 | -16.7% | $92 / Sq Ft |
| 10/23/2015 10/23/15 | Pending | -- | -- | -- |
| 04/20/2015 04/20/15 | For Sale | $1,500,000 | -- | $111 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
-
Buyer's Agent in 2019
John Barroso
Parkway Real Estate Co.
(530) 570-8489
287 Total Sales
-
Seller's Agent in 2015
Phil Larios
Hignell Inc.
(530) 894-0404
1 Total Sale
-
H
Buyer Co-Listing Agent in 2015
Heidi Brandt-Winslow
RE/MAX
(530) 809-3426
28 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SN19124095
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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