$328,250
SOLD APR 8, 2016

2837 Esplanade Chico, CA 95973

1 Bed
1 Bath
2,400 Sq Ft
0.28 Acres

Recently Sold

$137 Per Sq Ft

21 Days on Market

Highlights

  • Contemporary Architecture
  • Corner Lot
  • Double Pane Windows
  • Chico Junior High School Rated A-
  • Neighborhood Views
  • Cooling System Mounted To A Wall/Window

About This Home

As of June 2018

Great investment opportunity to own a very nice well maintained 4-plex in Chico. Four one bedroom studio apartments are in high demand in the rental market. Each unit has living room, kitchen, bedroom & bathroom. Onsite laundry room with coin-op maintained by Wash, one off street parking for each unit, and a small storage closet with each unit.

Last Agent to Sell the Property

Kimberly Higby

BPS Properties License #01276246 Listed on: 01/26/2016

Last Buyer's Agent

Lori Akers

License #01081260

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,105

Year Built

  • Built in 1954

Lot Details

  • 0.28 Acre Lot
  • Two or More Common Walls
  • Partially Fenced Property
  • Corner Lot

Home Design

  • Contemporary Architecture
  • Property Attached
  • Turnkey
  • Slab Foundation
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,400 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Double Pane Windows
  • Living Room
  • Neighborhood Views
  • Gas Cooktop

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Laundry

  • Laundry Room
  • Leased Washer and Dryer
  • 220 Volts In Laundry

Parking

  • 4 Parking Spaces
  • Parking Available
  • Assigned Parking

Accessible Home Design

  • No Interior Steps

Outdoor Features

  • Exterior Lighting
  • Outdoor Storage

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • 220 Volts in Kitchen

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 006350034000

Community Details

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $43
  • Gardener Expense $822
  • Insurance Expense $1,300
  • Other Expense $1,200
  • Trash Expense $962
  • Water Sewer Expense $2,042
  • New Taxes Expense $3,227
  • Gross Income $2,600
  • Net Operating Income $18,839

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

  • Other Phone Description: (530) 682-1668
  • Other Phone Number: 530-682-1668
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • View: Yes
  • Water Sewer Expenses: 2042.00
  • Architectural Style: Contemporary
  • Property Condition: Turnkey
  • Property Type: Residential Income
  • Gardener Expense: 822.00
  • Parcel Number: 006350034000
  • Year Built: 1954
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s)
  • Stories: 1
  • Entry Location: Ground Level No Steps,Living Room
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Tile
  • Accessibility Features: No Interior Steps
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 136.77
  • Room Type: All Bedrooms Down, Living Room
  • Window Features: Double Pane Windows

Exterior Features

  • Foundation: Slab
  • Other Structures: Storage
  • View: Neighborhood
  • Fencing: Partial
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Wood Siding

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Natural Gas Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Cooktop, Refrigerator
  • Electric: 220 Volts in Kitchen, 220 Volts in Laundry, Electricity - On Property
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Trash Expense: 962.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 12197.00
  • Price Per Lot Square Foot: 26.91
  • Lot Size Acres: 0.2800

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 43.00
  • Gross Income: 2600.00
  • Gross Scheduled Income: 28478.00
  • Insurance Expense: 1300.00
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 12197.0000 Square Feet
  • Net Operating Income: 18839.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number Wall A C: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 9639.00
  • Other Expense: 1200.00
  • Other Expense Description: Cleaning
  • Rent Control: No
  • Total Actual Rent: 2600.00

Tax Info

  • New Taxes Expense: 3227.00

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
21
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

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Grant Deed $411,500 Mid Valley Title & Escrow Co
Grant Deed -- None Available
Grant Deed $328,500 Mid Valley Title & Escrow Co
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- Mid Valley Title & Escrow Co
Grant Deed $280,500 Mid Valley Title & Escrow Co
Grant Deed $415,000 Bidwell Title & Escrow Co
Interfamily Deed Transfer -- Fidelity Natl Title Of Ca
Interfamily Deed Transfer -- Fidelity Natl Title Of Ca
Trustee Deed $100,500 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $304,300 New Conventional
Closed $308,625 New Conventional
Previous Owner $191,000 New Conventional
Previous Owner $166,100 Purchase Money Mortgage
Previous Owner $232,000 Fannie Mae Freddie Mac
Previous Owner $198,800 No Value Available
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: CH16027078

California Regional Multiple Listing Service (CRMLS)

APN: 006-350-034-000