NOT LISTED FOR SALE

2910 Morseman Ave Chico, CA 95973

Chico Area
12 Beds
8 Baths
8,000 Sq Ft
1.53 Acre Lot

Sale Details

Date Sold: April 30, 2021

Last sale price $605,000 $76 Per Sq Ft

6 Days on Market

Highlights

  • Property is near public transit
  • Lawn
  • Landscaped
  • Bidwell Junior High School Rated A-
  • Neighborhood Views
  • Laundry Facilities

About This Home

As of April 2021

Don’t miss this unique opportunity to purchase this multi-family property bursting with garden blooms and possibilities! There are 8 dwellings; 7 currently occupied with long term tenants on a month-to-month lease. Each unit has a private fenced yard, plenty of parking, and access to the gorgeous communal garden, featuring over 20 mature fruit trees, complete with picnic table & fire pit. Explore the idea of a new development, with the possibility of adding 16-22 units, develop a multigenerational compound, or keep it as is— The prospects are endless!

Last Agent to Sell the Property

Steven Depa

Re/Max of Chico License #00813533 Listed on: 02/23/2021

Re/Max of Chico

Last Buyer's Agent

Marisa Bauer

Platinum Partners Real Estate License #01418223

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 1.53 Acre Lot
  • Two or More Common Walls
  • Landscaped
  • Lawn
  • Garden
  • Back Yard
  • 910-000-012, 910-022-519
  • Value in Land

Home Design

  • Property Attached

Interior Spaces

  • 8,000 Sq Ft Home
  • Neighborhood Views

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 8 Bathrooms

Location

  • Property is near public transit
  • Urban Location

Utilities

  • Shared Septic

Listing and Financial Details

  • Assessor Parcel Number 007320033000

Community Details

Overview

  • 8 Buildings
  • 8 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 5 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $8,612
  • Insurance Expense $2,034
  • Trash Expense $1,507
  • Water Sewer Expense $1,895
  • New Taxes Expense $6,435
  • Operating Expense $14,048
  • Gross Income $7,100
  • Net Operating Income $71,152

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

1.53 Acres

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • View: Yes
  • Water Sewer Expenses: 1895.00
  • Zoning: R2
  • Property Type: Residential Income
  • Parcel Number: 007320033000
  • Year Built: 1959
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 75.62

Exterior Features

  • View: Neighborhood
  • Pool Private: No

Utilities

  • Laundry: Yes
  • Sewer: Shared Septic
  • Trash Expense: 1507.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Additional Parcels Description: 910-000-012, 910-022-519
  • Land Lease: No
  • Lot Features: Back Yard, Garden, Landscaped, Lawn, Near Public Transit, Value In Land
  • Lot Size Sq Ft: 66647.00
  • Lot Size Acres: 1.5300

Multi Family

  • Electric Expense: 8612.00
  • Gross Income: 7100.00
  • Gross Scheduled Income: 85200.00
  • Insurance Expense: 2034.00
  • Lot Size Area: 66647.0000 Square Feet
  • Net Operating Income: 71152.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 8
  • Operating Expense: 14048.00
  • Rent Control: Yes
  • Total Expenses: 14048.00

Tax Info

  • New Taxes Expense: 6435.00
  • Tax Census Tract: 2.01

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

Closed on
Apr 22, 2025
Sold by
Bought by

Purchase Details

Closed on
Apr 30, 2024
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
$635,000
Interest Rate
0.0679%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 4, 2021
Sold by
Bought by

Purchase Details

Listed on
Feb 23, 2021
Closed on
Apr 20, 2021
Sold by
Bought by
Seller's Agent
Steven Depa
Re/Max of Chico
Buyer's Agent
Marisa Bauer
Platinum Partners Real Estate
List Price
$585,000
Sold Price
$605,000
Premium/Discount to List
$20,000
3.42%
Source: Public Records
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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
-- None Listed On Document
$695,000 Mid Valley Title & Escrow
-- Mid Valley Title & Escrow Co
$605,000 Mid Valley Title
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 $635,000
Previous Owner $500,000
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
04/30/2021 04/30/21 Sold $605,000 +3.4% $76 / Sq Ft
03/01/2021 03/01/21 Pending -- -- --
02/23/2021 02/23/21 For Sale $585,000 -- $73 / 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 $7,090 $704,310 $357,000 $347,310
2024 $7,090 $636,724 $371,422 $265,302
2023 $7,006 $624,240 $364,140 $260,100
2022 $6,887 $612,000 $357,000 $255,000
2021 $3,329 $293,110 $184,155 $108,955
2020 $3,320 $290,105 $182,267 $107,838
2019 $3,266 $284,418 $178,694 $105,724
2018 $3,207 $278,842 $175,191 $103,651
2017 $3,138 $273,375 $171,756 $101,619
2016 $2,868 $268,016 $168,389 $99,627
2015 -- $263,991 $165,860 $98,131
2014 -- $258,821 $162,612 $96,209
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN21036601

California Regional Multiple Listing Service (CRMLS)
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