$532,000
SOLD APR 29, 2024

2940 Jolyn Way Chico, CA 95973

4 Beds
3 Baths
2,096 Sq Ft
0.31 Acres

Recently Sold

$254 Per Sq Ft

10% Above List Price

7 Days on Market

Highlights

  • Contemporary Architecture
  • Lawn
  • Beamed Ceilings
  • Bidwell Junior High School Rated A-
  • Neighborhood Views
  • Cul-De-Sac

About This Home

As of April 2025

DUPLEX in highly desirable Morseman Village! Unit A: 2 Bedroom/1 Bath with attached 1 car garage, laundry hookups and fully fenced yard. Unit B: 2 Bedroom/2 Bath with 1 car attached garage, laundry hookups and fully fenced yard. Both units have been well maintained with Unit B getting new paint and new vinyl plank in dining, kitchen and baths. Property is in a great location at the near the end of a cul-de sac on a large lot with mature trees and generously sized fenced yards. HOA is $170 per month and provides front yard maintenance so there is a nice feel to the neighborhoods with mowed front lawns and tree lined streets with sidewalks and streetlights. A great "live in one side and have the other paying your mortgage" properties!

Last Agent to Sell the Property

Raeann Titus

Titus Properties Brokerage Phone: 530-570-2750 License #01230408 Listed on: 04/01/2024

Last Buyer's Agent

Carly Wolf

Re/Max of Chico License #02074740

Re/Max of Chico

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,026

Year Built

  • Built in 1978

Lot Details

  • 0.31 Acre Lot
  • 1 Common Wall
  • Cul-De-Sac
  • Wood Fence
  • Landscaped
  • Paved or Partially Paved Lot
  • Irregular Lot
  • Lawn
  • Back and Front Yard
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage
  • 4 Open Parking Spaces
  • Parking Available
  • Front Facing Garage
  • Single Garage Door
  • Driveway Up Slope From Street
  • Off-Street Parking

Home Design

  • Duplex
  • Contemporary Architecture
  • Entry on the 1st floor
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 2,096 Sq Ft Home
  • 1-Story Property
  • Beamed Ceilings
  • Ceiling Fan
  • Wood Burning Fireplace
  • Fireplace Features Masonry
  • Double Pane Windows
  • Entryway
  • Living Room with Fireplace
  • Neighborhood Views

Kitchen

  • Electric Range
  • Range Hood
  • Dishwasher
  • Tile Countertops
  • Formica Countertops

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Electric Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Accessible Home Design

  • No Interior Steps
  • Entry Slope Less Than 1 Foot

Outdoor Features

  • Shed
  • Rain Gutters

Utilities

  • Central Heating and Cooling System
  • 220 Volts in Garage
  • 220 Volts in Kitchen
  • Water Heater
  • Conventional Septic
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, gas, telephone, trash collection
  • Tax Lot 11
  • Assessor Parcel Number 007320011000
  • $610 per year additional tax assessments

Community Details

Overview

  • Property has a Home Owners Association
  • 2 Units

Recreation

  • Bike Trail

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $780
  • Maintenance Expense $5,000
  • Other Expense $2,040
  • Trash Expense $863
  • Water Sewer Expense $427
  • New Taxes Expense $6,062
  • Operating Expense $15,172
  • Gross Income $38,760
  • Net Operating Income $23,588

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,026

Year Built

Built in 1978

Lot Details

0

Parking

2

Listing Details

  • Price Per Unit: 242500
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 427.00
  • Zoning: R2
  • Architectural Style: Contemporary
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 007320011000
  • Year Built: 1978
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Beamed Ceilings, Ceiling Fan(s), Formica Counters, Tile Counters
  • Stories: 1
  • Entry Location: ground
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Vinyl
  • Accessibility Features: Entry Slope Less Than 1 Foot, No Interior Steps
  • Appliances: Yes
  • Entry Level: 1
  • Fireplace Features: Living Room, Wood Burning, Masonry
  • Levels: One
  • Price Per Square Foot: 253.82
  • Room Type: All Bedrooms Down, Entry, Living Room, Main Floor Primary Bedroom, Primary Bathroom
  • Window Features: Double Pane Windows

Exterior Features

  • Foundation: Slab
  • Other Structures: Shed(s)
  • Exterior Features: Rain Gutters
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway Up Slope From Street, Garage Faces Front, Garage - Single Door, Off Street
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Electric Range, Range Hood, Refrigerator, Water Heater
  • Electric: 220 Volts in Garage, 220 Volts in Kitchen
  • Heating Type: Central, Fireplace(s)
  • Laundry Features: Electric Dryer Hookup, In Garage
  • Sewer: Conventional Septic
  • Trash Expense: 863.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Senior Community: No
  • Community Features: Biking, Curbs, Gutters, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Back Yard, Cul-De-Sac, Front Yard, Landscaped, Lawn, Irregular Lot, Paved
  • Lot Size Sq Ft: 13504.00
  • Lot Size Acres: 0.3100

Rental Info

  • Tenant Pays: Electricity, Gas, Telephone, Trash Collection

Multi Family

  • Gross Income: 38760.00
  • Gross Operating Income: 38760.00
  • Gross Scheduled Income: 40800.00
  • Insurance Expense: 780.00
  • Lot Size Area: 13504.0000 Square Feet
  • Maintenance Expense: 5000.00
  • Net Operating Income: 23588.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number With Carpet: 2
  • Number With Dishwasher: 2
  • Number With Patio: 2
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 14272.00
  • Other Expense: 2040.00
  • Other Expense Description: HOA
  • Rent Control: No
  • Total Actual Rent: 3400.00
  • Total Expenses: 15172.00
  • Vacancy Allowance: 2040
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 6062.00
  • Tax Census Tract: 2.01
  • Tax Lot: 11
  • TaxOtherAnnualAssessmentAmount: 610.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 1, 2024
Closed on
Apr 26, 2024
Sold by
Mirande Lindsay and Mirande Scott
Bought by
Russo Anthony Joseph and Russo Caitlin Sieferman
Seller's Agent
Raeann Titus
Titus Properties
Buyer's Agent
Carly Wolf
Re/Max of Chico
List Price
$485,000
Sold Price
$532,000
Premium/Discount to List
$47,000
9.69%
Views
39
Current Estimated Value
$578,539

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$46,539
Avg. Annual Appreciation
3.74%
Original Mortgage
$478,800
Outstanding Balance
$472,801
Interest Rate
6.74%
Mortgage Type
New Conventional
Estimated Equity
$86,670

Purchase Details

Closed on
Jun 29, 2017
Sold by
Mirande Lindsay and Matheu Lndsay Dorene
Bought by
Mirande Lindsay and Mirande Scott

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,942
Interest Rate
3.94%
Mortgage Type
Unknown

Purchase Details

Closed on
Sep 24, 2009
Sold by
Castellano Eric T and Castellano Julie J
Bought by
Matheu Lindsay Dorene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,500
Interest Rate
5.08%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 16, 2004
Sold by
Bailey Mary Louise
Bought by
Castellano Eric T and Castellano Julie J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$227,500
Interest Rate
4.75%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed -- Timios Title
Interfamily Deed Transfer -- Timios Inc
Grant Deed $287,500 Fidelity Natl Title Co Of Ca
Grant Deed $175,000 Fidelity Natl Title Co Of Ca
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $478,800 New Conventional
Previous Owner $115,942 Unknown
Previous Owner $227,500 New Conventional
Previous Owner $137,500 Purchase Money Mortgage
Previous Owner $227,500 Unknown
Previous Owner $170,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/16/2025 04/16/25 Sold $565,000 0.0% $270 / Sq Ft
03/22/2025 03/22/25 Pending -- -- --
03/13/2025 03/13/25 For Sale $565,000 +6.2% $270 / Sq Ft
04/29/2024 04/29/24 Sold $532,000 +9.7% $254 / Sq Ft
04/08/2024 04/08/24 Pending -- -- --
04/01/2024 04/01/24 For Sale $485,000 -- $231 / 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 $4,026 $542,640 $193,800 $348,840
2024 $4,026 $363,820 $132,871 $230,949
2023 $3,978 $356,687 $130,266 $226,421
2022 $3,914 $349,694 $127,712 $221,982
2021 $3,841 $342,838 $125,208 $217,630
2020 $3,830 $339,324 $123,925 $215,399
2019 $3,765 $332,672 $121,496 $211,176
2018 $3,401 $300,000 $130,000 $170,000
2017 $3,117 $275,000 $115,000 $160,000
2016 $2,902 $275,000 $115,000 $160,000
2015 $2,732 $255,000 $115,000 $140,000
2014 $2,626 $245,000 $90,000 $155,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN24063197

California Regional Multiple Listing Service (CRMLS)

APN: 007-320-011-000