NOT LISTED FOR SALE

2812 Morseman Ave Chico, CA 95973

Estimated Value: $486,071 - $535,000

4 Beds
3 Baths
2,096 Sq Ft
$245/Sq Ft Est. Value

Last Sold November 30, 2016

Last sale price $305,000 $146 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $3,163/month

163 Days on Market

Highlights

  • Double Pane Windows
  • Laundry Room
  • Energy-Efficient Windows
  • Bidwell Junior High School Rated A-
  • Central Heating and Cooling System
  • Wood Fence

About This Home

As of November 2016

This duplex shows a pride of ownership and has been impeccably maintained. These spacious units are a 2 bed 2 bath, and a 2 bed 1 bath. Each unit has its own 1 & 1/2 car garages, fireplaces, huge backyards and has very attractive front yard landscaping. Units feature newer carpet, newer dual pane windows and has excellent paint through out. Some of the updates include: newer Milgard dual pane windows in May 2011, new exterior paint in May 2011, hot water heaters in 2010, new roof and gutters in 2001. Close to bus lines, schools, retail and easy access to freeway/hwy 99. HOA fee is $125 per month, it covers front yard landscaping & front yard irrigation.

Last Agent to Sell the Property

Johnny Klinger

Fathom Realty Group, Inc. License #01251617 Listed on: 03/30/2016

Fathom Realty Group, Inc.

Last Buyer's Agent

Jesse Roe

Coldwell Banker C&C Properties License #01954969

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,837

Year Built

  • Built in 1978

Lot Details

  • 0.33 Acre Lot
  • 1 Common Wall
  • Wood Fence

HOA Fees

  • $125 Monthly HOA Fees

Parking

  • 2 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 2,096 Sq Ft Home
  • Double Pane Windows
  • Living Room with Fireplace

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Eco-Friendly Details

  • Energy-Efficient Windows

Utilities

  • Central Heating and Cooling System
  • Conventional Septic

Listing and Financial Details

  • Tenant pays for cable TV, electricity, repairs
  • Assessor Parcel Number 007320027000

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $825
  • Other Expense $1,608
  • Trash Expense $600
  • Water Sewer Expense $600
  • New Taxes Expense $3,575
  • Gross Income $1,900
  • Net Operating Income $15,960

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,837

Year Built

Built in 1978

Lot Details

0

HOA Fees

$125 per month

Parking

2

Listing Details

  • Assessments: Yes
  • Inclusions: Two refrigerators and two stoves
  • Property Attached: Yes
  • Water Sewer Expenses: 600.00
  • Property Type: Residential Income
  • Parcel Number: 007320027000
  • Year Built: 1978
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Entry Location: Ground Level No Steps
  • Common Walls: 1 Common Wall
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 145.52
  • Window Features: Double Pane Windows

Exterior Features

  • Fencing: Wood
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: In Garage
  • Sewer: Conventional Septic
  • Trash Expense: 600.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Dues Paid Monthly, Trash
  • Association Fee: 125.00
  • Association Fee Frequency: Monthly
  • Senior Community: No
  • Community Features: Curbs

Green Features

  • Efficiency: Windows

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 14375.00
  • Price Per Lot Square Foot: 21.57

Rental Info

  • Tenant Pays: Cable TV, Electricity, Repairs

Multi Family

  • Gross Income: 1900.00
  • Gross Scheduled Income: 22800.00
  • Insurance Expense: 825.00
  • Net Operating Income: 15960.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number With Carpet: 2
  • Number With Dishwasher: 2
  • Number With Disposal: 2
  • Number With Patio: 2
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 6840.00
  • Operating Expense Percent: 30.00
  • Other Expense: 1608.00
  • Other Expense Description: HOA
  • Rent Control: No

Tax Info

  • New Taxes Expense: 3575.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 30, 2016
Closed on
Nov 29, 2016
Sold by
Hughes Orval W and Hughes Carolyn J
Bought by
Hughes Orval and Hughes Carolyn
Seller's Agent
Johnny Klinger
Fathom Realty Group, Inc.
Buyer's Agent
Jesse Roe
Coldwell Banker C&C Properties
List Price
$310,000
Sold Price
$305,000
Premium/Discount to List
-$5,000
-1.61%
Current Estimated Value
$512,768

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$207,768
Avg. Annual Appreciation
6.03%
Original Mortgage
$225,700
Interest Rate
3.47%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 30, 2016
Closed on
Oct 12, 2016
Sold by
Mariomac Family Llc
Bought by
Haghess Orval W and Haghess Carolyn J
Seller's Agent
Johnny Klinger
Fathom Realty Group, Inc.
Buyer's Agent
Jesse Roe
Coldwell Banker C&C Properties
List Price
$310,000
Sold Price
$305,000
Premium/Discount to List
-$5,000
-1.61%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,700
Interest Rate
3.47%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 21, 2013
Closed on
Feb 11, 2013
Sold by
Scott Mary L and Mary L Scott Revocable Living
Bought by
Mariomac Family Llc
Seller's Agent
Kenneth Winslow
Re/Max of Chico
Buyer's Agent
Johnny Klinger
Fathom Realty Group, Inc.
List Price
$249,000
Sold Price
$249,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.54%

Purchase Details

Closed on
Aug 26, 2008
Sold by
Scott Mary L
Bought by
Scott Mary L and Mary L Scott Revocable Living Trust
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
Haghess Orval W $305,000 Mid Valley Title & Escrow
Mariomac Family Llc $249,000 Fidelity Natl Title Co Of Ca
Scott Mary L -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Haghess Orval W $225,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/30/2016 11/30/16 Sold $305,000 -1.6% $146 / Sq Ft
09/14/2016 09/14/16 For Sale $310,000 -4.6% $148 / Sq Ft
09/09/2016 09/09/16 Pending -- -- --
03/30/2016 03/30/16 For Sale $325,000 +30.5% $155 / Sq Ft
02/25/2013 02/25/13 Sold $249,000 0.0% $101 / Sq Ft View Prior Sale
01/29/2013 01/29/13 Pending -- -- --
01/21/2013 01/21/13 For Sale $249,000 -- $101 / 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 $3,837 $353,652 $145,071 $208,581
2024 $3,837 $344,758 $142,227 $202,531
2023 $3,792 $339,999 $139,439 $200,560
2022 $3,732 $333,372 $136,705 $196,667
2021 $3,662 $326,875 $134,025 $192,850
2020 $3,652 $323,545 $132,651 $190,894
2019 $3,591 $317,241 $130,050 $187,191
2018 $3,526 $311,060 $127,500 $183,560
2017 $3,455 $305,000 $125,000 $180,000
2016 $2,734 $259,016 $93,620 $165,396
2015 $2,734 $255,126 $92,214 $162,912
2014 $2,681 $250,129 $90,408 $159,721
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CH16065476

California Regional Multiple Listing Service (CRMLS)

APN: 007-320-027-000