NOT LISTED FOR SALE

2845 Jolyn Way Chico, CA 95973

Estimated Value: $506,000 - $579,637

5 Beds
4 Baths
2,426 Sq Ft
$228/Sq Ft Est. Value

Last Sold April 18, 2019

Last sale price $415,000 $171 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $3,506/month

30 Days on Market

Highlights

  • Contemporary Architecture
  • Neighborhood Views
  • Laundry Room
  • Bidwell Junior High School Rated A-
  • Cul-De-Sac
  • Forced Air Heating and Cooling System

About This Home

As of April 2019

Duplexes in Morseman Village don't come on the market often, but here's an opportunity! Located in the cul-de-sac, his duplex consists of a 3 bed, 2 bath unit, and a 2 bed, 2 bath unit, a total of 2426 sq ft! Forced-air heating and cooling. Both units have garages, and fireplaces in their respective living rooms. Each unit features a separate dining area, with access to the backyard through a sliding glass door. The kitchen opens to the dining room, and also has access to the garage via a pedestrian door. The separate backyards provide a measure of privacy. Live in one, and rent the other, or be an investor and rent them both! This one will not last!

Last Agent to Sell the Property

Bill Campbell

W.M. Campbell Real Estate License #01070899 Listed on: 02/25/2019

Last Buyer's Agent

John Wallace

Century 21 Select Real Estate, Inc. License #01110326

Century 21 Select Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,019

Year Built

  • Built in 1978

Lot Details

  • 0.35 Acre Lot
  • 1 Common Wall
  • Cul-De-Sac
  • Wood Fence
  • Front Yard

HOA Fees

  • $150 Monthly HOA Fees

Parking

  • 2 Car Garage

Home Design

  • Duplex
  • Contemporary Architecture
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 2,426 Sq Ft Home
  • 1-Story Property
  • Fireplace Features Masonry
  • Living Room with Fireplace
  • Neighborhood Views

Kitchen

  • Electric Range
  • Dishwasher
  • Formica Countertops

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Connected
  • Gas Water Heater
  • Shared Septic
  • Phone Available
  • Cable TV Available

Additional Features

  • Rain Gutters
  • Suburban Location

Listing and Financial Details

  • Assessor Parcel Number 007320031000

Community Details

Overview

  • 2 Units
  • Morseman Village Association, Phone Number (530) 894-0404
  • Valley

Building Details

  • 1 Leased Unit
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $1,200
  • Trash Expense $910
  • New Taxes Expense $4,800
  • Operating Expense $6,910
  • Gross Income $16,100
  • Net Operating Income $16,100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,019

Year Built

Built in 1978

Lot Details

0

HOA Fees

$150 per month

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Surface Type: Paved
  • View: Yes
  • Zoning: R2
  • Architectural Style: Contemporary
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 007320031000
  • Year Built: 1978
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Formica Counters
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Vinyl
  • Appliances: Yes
  • Fireplace Features: Living Room, Masonry
  • Levels: One
  • Price Per Square Foot: 171.06
  • Room Type: Kitchen, Living Room

Exterior Features

  • Foundation: Slab
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Available, Natural Gas Connected, Phone Available, Sewer Available, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Electric Range, Gas Water Heater
  • Heating Type: Central, Forced Air
  • Laundry Features: In Garage
  • Sewer: Shared Septic
  • Trash Expense: 910.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Association Fee: 150.00
  • Association Fee Frequency: Monthly
  • Association Name: Morseman Village
  • Phone: 530-894-0404
  • Senior Community: No
  • Community Features: Curbs, Gutters, Suburban, Valley

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Cul-De-Sac, Front Yard
  • Lot Size Sq Ft: 15246.00
  • Lot Size Acres: 0.3500

Multi Family

  • Gross Income: 16100.00
  • Gross Operating Income: 23100.00
  • Gross Scheduled Income: 23100.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 15246.0000 Square Feet
  • Net Operating Income: 16100.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Number With Dishwasher: 2
  • Number With Disposal: 2
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 7000.00
  • Rent Control: No
  • Total Actual Rent: 1925.00
  • Total Expenses: 6910.00

Tax Info

  • New Taxes Expense: 4800.00
  • Tax Census Tract: 2.01

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 25, 2019
Closed on
Apr 15, 2019
Sold by
Luke Christopher William and Luke Barbara Frances
Bought by
Nazari Mahmoud R and Nazari Paula J
Seller's Agent
Bill Campbell
W.M. Campbell Real Estate
Buyer's Agent
John Wallace
Century 21 Select Real Estate, Inc.
List Price
$450,000
Sold Price
$415,000
Premium/Discount to List
-$35,000
-7.78%
Current Estimated Value
$554,159

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$139,159
Avg. Annual Appreciation
4.56%

Purchase Details

Closed on
Apr 1, 2004
Sold by
Luke Christopher and Luke Barbara
Bought by
Luke Christopher

Purchase Details

Closed on
Apr 6, 2000
Sold by
Eschen Eric L and Eschen Sharon D
Bought by
Luke Christopher W and Luke Barbara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$131,250
Interest Rate
8.26%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Nazari Mahmoud R $415,000 Bidwell Title & Escrow Co
Luke Christopher William -- Bidwell Title & Escrow Co
Luke Christopher -- --
Luke Christopher W $175,000 Mid Valley Title & Escrow Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Luke Christopher W $131,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/18/2019 04/18/19 Sold $415,000 -4.6% $171 / Sq Ft
03/27/2019 03/27/19 Pending -- -- --
03/25/2019 03/25/19 Price Changed $435,000 -3.3% $179 / Sq Ft
02/25/2019 02/25/19 For Sale $450,000 -- $185 / 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 $5,019 $462,937 $156,171 $306,766
2024 $5,019 $453,860 $153,109 $300,751
2023 $4,959 $444,961 $150,107 $294,854
2022 $4,880 $436,237 $147,164 $289,073
2021 $4,788 $427,684 $144,279 $283,405
2020 $4,775 $423,300 $142,800 $280,500
2019 $2,733 $241,101 $82,660 $158,441
2018 $2,683 $236,375 $81,040 $155,335
2017 $2,629 $231,741 $79,451 $152,290
2016 $2,400 $227,198 $77,894 $149,304
2015 $2,400 $223,786 $76,724 $147,062
2014 $2,355 $219,404 $75,222 $144,182
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN19042811

California Regional Multiple Listing Service (CRMLS)

APN: 007-320-031-000