NOT LISTED FOR SALE

2848 Morseman Ave Chico, CA 95973

Estimated Value: $477,614 - $552,000

4 Beds
3 Baths
2,096 Sq Ft
$246/Sq Ft Est. Value

Last Sold January 14, 2013

Last sale price $238,000 $114 Per Sq Ft

Est. 116% increase in value since last sale

Current estimated payment $3,050/month

22 Days on Market

Highlights

  • Landscaped
  • Bidwell Junior High School Rated A-
  • Front Yard

About This Home

As of January 2013

Investment opportunity awaits. Nice Duplex in a developed neighborhood in a good location. Unit A consists of 2 beds 1 bath and Unit B consists of 2 beds 2 baths. Property has a strong rental history.

Last Agent to Sell the Property

Steven Depa

Re/Max of Chico License #00813533 Listed on: 11/05/2012

Re/Max of Chico

Last Buyer's Agent

Leslie Depweg

Bidwell Realty License #01447638

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1978

Lot Details

  • 0.31 Acre Lot
  • 1 Common Wall
  • Landscaped
  • Front Yard

HOA Fees

  • $134 Monthly HOA Fees

Parking

  • 2 Car Garage

Home Design

  • 2,096 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Utilities

  • Conventional Septic

Listing and Financial Details

  • Assessor Parcel Number 007320024000

Community Details

Overview

  • 2 Units
  • Hignell Association

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,000
  • Other Expense $1,608
  • Pest Control $348
  • Professional Management Expense $1,386
  • Water Sewer Expense $1,176
  • New Taxes Expense $2,400
  • Gross Income $1,650
  • Net Operating Income $11,882

Property Details

Home Type

Multi-Family

Year Built

Built in 1978

Lot Details

0.31 Acres

HOA Fees

$134 per month

Parking

2

Listing Details

  • Assessments: Yes
  • Professional Management Expense: 1386.00
  • Property Attached: Yes
  • Water Sewer Expenses: 1176.00
  • Property Type: Residential Income
  • Parcel Number: 007320024000
  • Year Built: 1978
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 113.55

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Pest Control Expense: 348.00
  • Sewer: Conventional Septic
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Association Fee: 134.00
  • Association Fee Frequency: Monthly
  • Association Name: Hignell
  • Phone: 894-0404
  • Community Features: Curbs

Lot Info

  • Lot Features: Front Yard, Landscaped
  • Lot Size Sq Ft: 13504.00
  • Lot Size Acres: 0.3100

Multi Family

  • Gross Income: 1650.00
  • Gross Scheduled Income: 19800.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 13504.0000 Square Feet
  • Net Operating Income: 11882.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 7918.00
  • Other Expense: 1608.00
  • Other Expense Description: HOA FEES
  • Rent Control: No

Tax Info

  • New Taxes Expense: 2400.00
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 5, 2012
Closed on
Dec 19, 2012
Sold by
Irvin David W and Irvin Linda L
Bought by
Adams David and Adams Dawn
Seller's Agent
Steven Depa
Re/Max of Chico
Buyer's Agent
Leslie Depweg
Bidwell Realty
List Price
$240,000
Sold Price
$238,000
Premium/Discount to List
-$2,000
-0.83%
Current Estimated Value
$514,654

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$276,654
Avg. Annual Appreciation
6.07%
Original Mortgage
$233,689
Outstanding Balance
$160,990
Interest Rate
3.25%
Mortgage Type
FHA
Estimated Equity
$353,664
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Adams David $238,000 Mid Valley Title & Escrow Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Adams David $233,689
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/14/2013 01/14/13 Sold $238,000 -0.8% $114 / Sq Ft
11/27/2012 11/27/12 Pending -- -- --
11/05/2012 11/05/12 For Sale $240,000 -- $115 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $3,182 $293,066 $110,821 $182,245
2024 $3,182 $287,321 $108,649 $178,672
2023 $3,144 $281,688 $106,519 $175,169
2022 $3,093 $276,166 $104,431 $171,735
2021 $3,035 $270,752 $102,384 $168,368
2020 $3,027 $267,977 $101,335 $166,642
2019 $2,977 $262,724 $99,349 $163,375
2018 $2,922 $257,573 $97,401 $160,172
2017 $2,863 $252,524 $95,492 $157,032
2016 $2,614 $247,573 $93,620 $153,953
2015 $2,614 $243,855 $92,214 $151,641
2014 $2,563 $239,079 $90,408 $148,671
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CH12137819

California Regional Multiple Listing Service (CRMLS)

APN: 007-320-024-000

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