NOT LISTED FOR SALE

2867 Godman Ave Chico, CA 95973

Estimated Value: $568,000 - $659,000

3 Beds
4 Baths
2,386 Sq Ft
$248/Sq Ft Est. Value

Last Sold August 10, 2023

Last sale price $534,000 $224 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $3,427/month

17 Days on Market

Highlights

  • Laundry Room
  • Landscaped
  • Central Heating
  • Bidwell Junior High School Rated A-

About This Home

As of August 2023

Introducing an exceptional investment opportunity! Located at 2867 Godman Ave in the desirable city of Chico, this well-kept and income-producing property presents a unique chance to acquire a 2-unit dwelling with a solid rental history. Professionally managed and meticulously maintained, this property offers a promising venture for both seasoned investors and those looking to make their mark in the real estate market.

Situated in a prime location, this property benefits from being in close proximity to various amenities and attractions. Residents will appreciate easy access to schools, shopping centers, dining options, parks, and more. The bustling city of Chico offers a vibrant community and a host of recreational activities to suit a diverse range of interests.

Don't miss out on this chance to own a well-maintained 2-unit income-producing property at 2867 Godman Ave, Chico. Contact us today to for further information. This property won't be on the market for long, so seize the opportunity now and secure your future in real estate investment!

Last Agent to Sell the Property

Dan Anderson

IPM License #01755557 Listed on: 06/19/2023

Last Buyer's Agent

Heather DeLuca

Re/Max of Chico License #01919038

Re/Max of Chico

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2008

Lot Details

  • 6,970 Sq Ft Lot
  • 1 Common Wall
  • Landscaped

Parking

  • 2 Car Garage

Home Design

  • Duplex
  • Entry on the 1st floor

Interior Spaces

  • 3 Bedrooms
  • 2,386 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Utilities

  • Central Heating

Listing and Financial Details

  • Assessor Parcel Number 007220057000

Community Details

Overview

  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Gross Income $35,280

Property Details

Home Type

Multi-Family

Year Built

Built in 2008

Lot Details

0

Parking

2

Listing Details

  • Inclusions: Seller owned appliances
  • Property Attached: Yes
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 007220057000
  • Year Built: 2008
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 223.81

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped
  • Lot Size Sq Ft: 6970.00
  • Lot Size Acres: 0.1600

Multi Family

  • Gross Income: 35280.00
  • Gross Scheduled Income: 35280.00
  • Lot Size Area: 6970.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Rent Control: Yes

Tax Info

  • Tax Census Tract: 2.01

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 19, 2023
Sold by
Nicole M Stuermer Revocable Trust
Bought by
Nicole M Stuermer Revocable Trust and Stuermer
Current Estimated Value
$565,239

Purchase Details

Listed on
Jun 19, 2023
Closed on
Aug 3, 2023
Sold by
Herman Family Trust
Bought by
2867 Godman Llc
Seller's Agent
Dan Anderson
IPM
Buyer's Agent
Heather DeLuca
Re/Max of Chico
List Price
$534,000
Sold Price
$534,000
Views
65

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.32%

Purchase Details

Listed on
Apr 26, 2013
Closed on
Jun 3, 2013
Sold by
Hunzeker Timothy R and Hunzeker Regina A
Bought by
Herman Beverly Jean and The Herman Family Trust 1990
Seller's Agent
Daniel Bosch
Re/Max of Chico
Buyer's Agent
John Anderson
Anderson Real Estate Sales
List Price
$340,000
Sold Price
$360,000
Premium/Discount to List
$20,000
5.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.95%
Original Mortgage
$240,000
Interest Rate
3.37%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Nicole M Stuermer Revocable Trust -- None Listed On Document
2867 Godman Llc $534,000 Mid Valley Title
Herman Beverly Jean $360,000 Bidwell Title & Escrow Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Herman Beverly Jean $240,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/10/2023 08/10/23 Sold $534,000 0.0% $224 / Sq Ft
07/06/2023 07/06/23 Pending -- -- --
07/02/2023 07/02/23 For Sale $534,000 0.0% $224 / Sq Ft
06/25/2023 06/25/23 Pending -- -- --
06/19/2023 06/19/23 For Sale $534,000 +48.3% $224 / Sq Ft
06/11/2013 06/11/13 Sold $360,000 +5.9% $151 / Sq Ft View Prior Sale
05/01/2013 05/01/13 Pending -- -- --
04/26/2013 04/26/13 For Sale $340,000 -- $142 / 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 $5,902 $544,680 $193,800 $350,880
2024 $5,902 $534,000 $190,000 $344,000
2023 $4,749 $426,088 $147,946 $278,142
2022 $4,674 $417,735 $145,046 $272,689
2021 $4,586 $409,545 $142,202 $267,343
2020 $4,573 $405,346 $140,744 $264,602
2019 $4,490 $397,399 $137,985 $259,414
2018 $4,408 $389,608 $135,280 $254,328
2017 $4,319 $381,970 $132,628 $249,342
2016 $3,941 $374,481 $130,028 $244,453
2015 $3,941 $368,857 $128,075 $240,782
2014 $3,846 $361,633 $125,567 $236,066
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN23097403

California Regional Multiple Listing Service (CRMLS)

APN: 007-220-057-000