NOT LISTED FOR SALE

2837 Esplanade Chico, CA 95973

Estimated Value: $562,000 - $641,000

4 Beds
4 Baths
2,429 Sq Ft
$243/Sq Ft Est. Value

Last Sold June 19, 2018

Last sale price $411,500 $169 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $3,557/month

4 Days on Market

Highlights

  • Property is near public transit
  • Cottage
  • Laundry Room
  • Chico Junior High School Rated A-
  • Cooling System Mounted To A Wall/Window
  • 4 Detached Carport Spaces

About This Home

As of June 2018

Adorable and well maintained 4-plex conveniently located on the Esplanade in Chico's growing north side. This property is private from the street with mature hedges and offers a paved driveway with assigned carport parking and storage lockers for each unit at the rear of the property. Each unit consists of 1 bedroom and 1 bathroom with nice sized living room and kitchen. The front unit has a private fenced large patio. There is a coin-op laundry facility in the middle of the complex. New roof in 2016. This property has been loved over the years and has great rental history.

Last Agent to Sell the Property

Lori Akers

Parkway Real Estate Co. License #01081260 Listed on: 04/03/2018

Parkway Real Estate Co.

Last Buyer's Agent

Daniel Bosch

Re/Max of Chico License #01236305

Re/Max of Chico

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,105

Year Built

  • Built in 1954

Lot Details

  • 0.28 Acre Lot
  • 1 Common Wall

Home Design

  • Cottage
  • Quadruplex
  • Turnkey
  • Composition Roof

Interior Spaces

  • 2,429 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Parking

  • 4 Parking Spaces
  • 4 Detached Carport Spaces
  • Parking Available
  • Driveway
  • Off-Street Parking
  • Assigned Parking

Outdoor Features

  • Outdoor Storage

Location

  • Property is near public transit
  • Suburban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas
  • Wall Furnace
  • Natural Gas Connected

Listing and Financial Details

  • Assessor Parcel Number 006350034000

Community Details

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $300
  • Gardener Expense $1,200
  • Insurance Expense $1,000
  • Pest Control $450
  • Trash Expense $1,032
  • Water Sewer Expense $1,200
  • New Taxes Expense $4,938
  • Operating Expense $10,120
  • Gross Income $32,100
  • Net Operating Income $21,980

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,105

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Water Sewer Expenses: 1200.00
  • Architectural Style: Cottage
  • Property Condition: Turnkey
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 006350034000
  • Year Built: 1954
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Laminate, Vinyl
  • Levels: One
  • Price Per Square Foot: 169.41

Exterior Features

  • Other Structures: Storage
  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Carport Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned, Detached Carport, Asphalt, Off Street
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace, Natural Gas
  • Laundry Features: Community
  • Pest Control Expense: 450.00
  • Sewer: Public Sewer
  • Trash Expense: 1032.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s), Electric
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft, Near Public Transit
  • Lot Size Sq Ft: 12197.00

Multi Family

  • Electric Expense: 300.00
  • Gross Income: 32100.00
  • Gross Scheduled Income: 32100.00
  • Insurance Expense: 1000.00
  • Net Operating Income: 21980.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Number Wall A C: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 10120.00
  • Rent Control: No
  • Total Actual Rent: 2675.00
  • Total Expenses: 10120.00

Tax Info

  • New Taxes Expense: 4938.00
  • Tax Census Tract: 4.02

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 6, 2019
Sold by
Gaul James W and Gaul Julie A
Bought by
Gaul James W and Gaul Julie A
Total Days on Market
4
Current Estimated Value
$590,045

Purchase Details

Listed on
Apr 3, 2018
Closed on
Jun 13, 2018
Sold by
El Gato Properties 2 Llc
Bought by
Gaul James W and Gaul Julie A
Seller's Agent
Lori Akers
Parkway Real Estate Co.
Buyer's Agent
Daniel Bosch
Re/Max of Chico
List Price
$395,000
Sold Price
$411,500
Premium/Discount to List
$16,500
4.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.32%
Original Mortgage
$308,625
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 29, 2016
Sold by
Weiner Mark A and Weiner Sue M
Bought by
Gato Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$191,000
Interest Rate
3.64%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 26, 2016
Closed on
Apr 4, 2016
Sold by
Darrow Kevin E and Darrow Carleen Frances
Bought by
Weiner Mark and Weiner Sue
Seller's Agent
Kimberly Higby
BPS Properties
Buyer's Agent
Lori Akers
List Price
$329,000
Sold Price
$328,250
Premium/Discount to List
-$750
-0.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.07%

Purchase Details

Listed on
Jan 26, 2016
Closed on
Mar 28, 2016
Sold by
Darrow Kevin E and Darrow Robert Lee
Bought by
Darrow Robert L and Darrow Patricia L
Seller's Agent
Kimberly Higby
BPS Properties
Buyer's Agent
Lori Akers
List Price
$329,000
Sold Price
$328,250
Premium/Discount to List
-$750
-0.23%

Purchase Details

Closed on
May 26, 2011
Sold by
Darrow Robert L and Darrow Patricia L
Bought by
Darrow Robert L and Darrow Patricia L

Purchase Details

Closed on
Jul 15, 2009
Sold by
Darrow Robert L and Darrow Patricia L
Bought by
Darrow Robert L and Darrow Patricia L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$166,100
Interest Rate
4.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 19, 2009
Sold by
Nord Jim and Estate Of Michael Sheridan
Bought by
Darrow Robert L and Darrow Patricia L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$166,100
Interest Rate
4.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 7, 2005
Sold by
Steinsiek Donald and Steinsiek Annabel
Bought by
Sheridan Michael Lee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,000
Interest Rate
5.63%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Dec 17, 2003
Sold by
Steinsiek Donald and Steinsiek Annabel
Bought by
Steinsiek Donald

Purchase Details

Closed on
Mar 19, 2003
Sold by
Silacci Steve and Silacci Ann
Bought by
Silacci Steve

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,800
Interest Rate
5.79%

Purchase Details

Closed on
Feb 4, 2002
Sold by
Colgan Kenneth J and Colgan Victoria M
Bought by
Silacci Steve
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
Gaul James W -- None Available
Gaul James W $411,500 Mid Valley Title & Escrow Co
Gato Properties Llc -- None Available
Weiner Mark $328,500 Mid Valley Title & Escrow Co
Darrow Robert L -- None Available
Darrow Robert L -- Mid Valley Title & Escrow Co
Darrow Robert L $280,500 Mid Valley Title & Escrow Co
Sheridan Michael Lee $415,000 Bidwell Title & Escrow Co
Steinsiek Donald -- Fidelity Natl Title Of Ca
Silacci Steve -- Fidelity Natl Title Of Ca
Silacci Steve $100,500 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gaul James W $304,300
Closed Gaul James W $308,625
Previous Owner Weiner Mark $191,000
Previous Owner Darrow Robert L $166,100
Previous Owner Sheridan Michael Lee $232,000
Previous Owner Silacci Steve $198,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/19/2018 06/19/18 Sold $411,500 +4.2% $169 / Sq Ft
04/07/2018 04/07/18 Pending -- -- --
04/03/2018 04/03/18 For Sale $395,000 +20.3% $163 / Sq Ft
04/08/2016 04/08/16 Sold $328,250 -0.2% $137 / Sq Ft
02/16/2016 02/16/16 Pending -- -- --
01/26/2016 01/26/16 For Sale $329,000 -- $137 / 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
2024 $5,105 $459,590 $145,016 $314,574
2023 $5,045 $451,579 $142,173 $309,406
2022 $4,963 $442,745 $139,386 $303,359
2021 $4,870 $434,084 $136,653 $297,431
2020 $4,857 $429,644 $135,252 $294,392
2019 $4,769 $421,240 $132,600 $288,640
2018 $3,878 $341,731 $135,252 $206,479
2017 $3,798 $335,050 $132,600 $202,450
2016 $3,227 $305,584 $135,975 $169,609
2015 $3,227 $301,010 $133,933 $167,077
2014 $3,162 $295,134 $131,310 $163,824
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN18075803

California Regional Multiple Listing Service (CRMLS)

APN: 006-350-034-000