Seller's Agent in 2019
Kenneth Winslow
RE/MAX
(530) 809-3700
18 Total Sales
2805 Morseman Ave Chico, CA 95973
Chico Area
30
Beds
20
Baths
13,541
Sq Ft
0.5
Acre Lot
Highlights
- Central Heating and Cooling System
- Bidwell Junior High School Rated A-
- Fenced
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
- 21,780 Sq Ft 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 in unit
- 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
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jan 27, 2020
Sold by
Bought by
Purchase Details
Listed on
Jul 2, 2015
Closed on
Oct 16, 2015
Sold by
Bought by
Seller's Agent
Phil Larios
Hignell Inc.
Buyer's Agent
Kenneth Winslow
Re/Max of Chico
List Price
$1,500,000
Sold Price
$1,250,000
Premium/Discount to List
-$250,000
-16.67%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$937,500
Interest Rate
0.0385%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
May 31, 2013
Sold by
Bought by
Purchase Details
Closed on
Dec 16, 2011
Sold by
Bought by
Purchase Details
Closed on
May 28, 2003
Sold by
Bought by
Purchase Details
Closed on
Mar 16, 1998
Sold by
Bought by
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Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $1,550,000 | Mid Valley Title & Escrow Co | ||
| $1,250,000 | Fidelity Natl Title Co Of Ca | ||
| -- | None Available | ||
| -- | None Available | ||
| -- | -- | ||
| -- | -- | ||
| -- | -- | ||
| -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $755,000 | ||
| Previous Owner | $937,500 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
257 Total Sales
-
Phil Larios
Seller's Agent in 2015
Phil Larios
Hignell Inc.
(530) 894-0404
-
Heidi Brandt-Winslow
H
Buyer Co-Listing Agent in 2015
Heidi Brandt-Winslow
RE/MAX
(530) 809-3426
31 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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