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
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Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 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 | View Prior Sale |
| 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
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 | $9,189 | $847,337 | $246,068 | $601,269 |
| 2024 | $9,189 | $828,273 | $241,244 | $587,029 |
| 2023 | $9,081 | $814,533 | $236,514 | $578,019 |
| 2022 | $8,937 | $798,612 | $231,877 | $566,735 |
| 2021 | $8,769 | $783,003 | $227,331 | $555,672 |
| 2020 | $8,745 | $775,000 | $225,000 | $550,000 |
| 2019 | $7,501 | $663,101 | $159,181 | $503,920 |
| 2018 | $7,364 | $650,149 | $156,060 | $494,089 |
| 2017 | $7,216 | $637,450 | $153,000 | $484,450 |
| 2016 | $6,586 | $625,000 | $150,000 | $475,000 |
| 2015 | $4,868 | $454,416 | $88,023 | $366,393 |
| 2014 | $4,764 | $445,564 | $86,299 | $359,265 |
Source: Public Records
Agents Affiliated with this Home
-
Kenneth Winslow
-
John Barroso
Buyer's Agent in 2019
John Barroso
Parkway Real Estate Co.
(530) 570-8489
281 Total Sales
-
Phil Larios
Seller's Agent in 2015
Phil Larios
Hignell Inc.
(530) 894-0404
1 Total Sale
-
Heidi Brandt-Winslow
H
Buyer Co-Listing Agent in 2015
Heidi Brandt-Winslow
RE/MAX
(530) 809-3426
36 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SN19124095
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
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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