NOT LISTED FOR SALE

2909 Godman Ave Chico, CA 95973

Estimated Value: $515,624 - $584,000

3 Beds
2 Baths
2,425 Sq Ft
$225/Sq Ft Est. Value

Sale Details

Date Sold: December 31, 2014

Last sale price $310,500 $128 Per Sq Ft

Est. 75% increase in value since last sale

Current estimated payment $3,316 / mo

22 Days on Market

About This Home

As of December 2014

Wonderfully maintained newer duplex in north Chico. Both units are leased to a local non-profit organization, and has been since 2009 creating a 0% vacancy factor over the last 5 years. NPO has carpets cleaned every 6 months, has handyman available, and pays for all utilities except landscaping. This property is great for the investor looking for a stable income producing property, or an owner occupied that wants one unit to help reduce their mortgage.

Last Agent to Sell the Property

Adam Pearce

Adam Pearce, Broker License #01890178 Listed on: 11/24/2014

Last Buyer's Agent

Eric Stofa

Parkway Real Estate Co. License #01904078

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2006

Lot Details

  • 6,534 Sq Ft Lot
  • 1 Common Wall
  • Sprinklers on Timer
  • Density is 11-15 Units/Acre

Parking

  • 2 Car Garage

Home Design

  • 2,425 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Rain Gutters

Listing and Financial Details

  • Assessor Parcel Number 007220026000

Community Details

Overview

  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,200
  • Insurance Expense $1,500
  • Maintenance Expense $2,246
  • Pest Control $150
  • Professional Management Expense $2,640
  • New Taxes Expense $3,875
  • Gross Income $2,230
  • Net Operating Income $15,083

Property Details

Home Type

Multi-Family

Year Built

Built in 2006

Lot Details

6,534 Sq Ft Lot

Parking

2

Listing Details

  • Professional Management Expense: 2640.00
  • Property Attached: Yes
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 007220026000
  • Year Built: 2006
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 128.04

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected
  • Pest Control Expense: 150.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Gutters, Sidewalks

Lot Info

  • Lot Features: 11-15 Units/Acre, Sprinklers Timer, Sprinkler System
  • Lot Size Sq Ft: 6534.00
  • Lot Size Acres: 0.1500

Multi Family

  • Gross Income: 2230.00
  • Gross Scheduled Income: 26760.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 6534.0000 Square Feet
  • Maintenance Expense: 2246.00
  • Net Operating Income: 15083.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 11677.00
  • Rent Control: No
  • Total Actual Rent: 2230.00

Tax Info

  • New Taxes Expense: 3875.00
  • Tax Year: 2014

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 24, 2014
Closed on
Dec 29, 2014
Sold by
Bought by
Seller's Agent
Adam Pearce
Adam Pearce, Broker
Buyer's Agent
Eric Stofa
Parkway Real Estate Co.
List Price
$310,000
Sold Price
$310,500
Premium/Discount to List
$500
0.16%
Current Estimated Value
$544,906

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$234,406
Avg. Annual Appreciation
5.02%

Purchase Details

Closed on
May 15, 2007
Sold by
Bought by

Purchase Details

Closed on
May 14, 2007
Sold by
Bought by

Purchase Details

Closed on
Sep 6, 2006
Sold by
Bought by

Purchase Details

Closed on
Apr 11, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$322,000
Interest Rate
6.35%
Mortgage Type
Construction

Purchase Details

Closed on
Nov 3, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
5.9%
Mortgage Type
Construction
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$310,500 Mid Valley Title & Escrow Co
$1,500,421 Mid Valley Title & Escrow Co
-- None Available
$2,000 None Available
$195,000 Mid Valley Title & Escrow Co
$150,000 Mid Valley Title & Escrow Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $322,000
Previous Owner $135,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
12/31/2014 12/31/14 Sold $310,500 +0.2% $128 / Sq Ft
12/16/2014 12/16/14 Pending -- -- --
11/24/2014 11/24/14 For Sale $310,000 -- $128 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $4,536 $373,163 $138,206 $234,957
2024 $4,536 $365,847 $135,497 $230,350
2023 $4,438 $358,675 $132,841 $225,834
2022 $4,248 $351,643 $130,237 $221,406
2021 $4,271 $344,749 $127,684 $217,065
2020 $4,262 $341,215 $126,375 $214,840
2019 $4,184 $334,526 $123,898 $210,628
2018 $4,078 $327,968 $121,469 $206,499
2017 $3,966 $321,538 $119,088 $202,450
2016 $3,599 $315,234 $116,753 $198,481
2015 $3,600 $310,500 $115,000 $195,500
2014 $3,941 $340,000 $125,000 $215,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CH14248028

California Regional Multiple Listing Service (CRMLS)

APN: 007-220-026-000

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