NOT LISTED FOR SALE

2947 Jolyn Way Chico, CA 95973

Estimated Value: $504,000 - $554,000

5 Beds
4 Baths
2,426 Sq Ft
$220/Sq Ft Est. Value

Last Sold August 16, 2018

Last sale price $364,500 $150 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $3,349/month

38 Days on Market

Highlights

  • Lawn
  • 2 Car Direct Access Garage
  • Laundry Room
  • Bidwell Junior High School Rated A-
  • Cul-De-Sac
  • Tile Flooring

About This Home

As of August 2018

Exceptionally well cared for Duplex on "end of cul-de-sac lot"! 3 bed/2bath, and a 2 bed/2bath. Spacious units with separate dining area, living room with fireplace, master bedrooms with master bath and lots of closet space. Refrigerators, electric ranges, dishwashers included. Laundry hook-ups in garage. Wide streets with spacious front yards. This property has a HUGH backyard!! HOA is $150/mo.

Last Agent to Sell the Property

Peter Tichinin

Century 21 Select Real Estate, Inc. License #00828481 Listed on: 06/01/2018

Century 21 Select Real Estate, Inc.

Last Buyer's Agent

Shari Dixon

Willow & Birch Realty, Inc License #01376347

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,410

Year Built

  • Built in 1978

Lot Details

  • 0.44 Acre Lot
  • 1 Common Wall
  • Cul-De-Sac
  • Northeast Facing Home
  • Wood Fence
  • Fence is in average condition
  • Landscaped
  • Level Lot
  • Lawn
  • Back and Front Yard

HOA Fees

  • $150 Monthly HOA Fees

Parking

  • 2 Car Direct Access Garage
  • 2 Open Parking Spaces
  • Parking Available
  • Front Facing Garage
  • Single Garage Door
  • Driveway Level

Home Design

  • Duplex
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 2,426 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Sliding Doors
  • Living Room with Fireplace
  • Fire and Smoke Detector
  • Formica Countertops

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • 220 Volts In Laundry

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Forced Air Heating and Cooling System
  • 220 Volts in Kitchen
  • Natural Gas Connected
  • Conventional Septic
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 007320014000

Community Details

Overview

  • 2 Units
  • Morseman Village Association, Phone Number (530) 894-0404

Amenities

  • Laundry Facilities

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $960
  • Professional Management Expense $1,500
  • Trash Expense $720
  • Water Sewer Expense $1,200
  • New Taxes Expense $3,750
  • Operating Expense $11,400
  • Gross Income $28,500
  • Net Operating Income $17,100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,410

Year Built

Built in 1978

Lot Details

0

HOA Fees

$150 per month

Parking

2

Listing Details

  • Assessments: Yes
  • Professional Management Expense: 1500.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Smoke Detector(s)
  • Subdivision Name Other: Morseman Village
  • Water Sewer Expenses: 1200.00
  • Zoning: R2
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 007320014000
  • Year Built: 1978
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Ceiling Fan(s), Formica Counters
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Tile
  • Door Features: Sliding Doors
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 150.25
  • Room Type: All Bedrooms Down

Exterior Features

  • Direction Faces: Northeast
  • Foundation: Slab
  • Fence: Yes
  • Fencing: Average Condition, Wood
  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Driveway, Concrete, Driveway Level, Garage Faces Front, Garage - Single Door
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Cable Connected, Natural Gas Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Electric: 220 Volts in Kitchen, 220 Volts in Laundry
  • Heating Type: Central, Forced Air
  • Laundry Features: Common Area, In Garage
  • Sewer: Conventional Septic
  • Trash Expense: 720.00
  • Water Source: Public
  • Cooling: Central Air, Electric
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Association Fee: 150.00
  • Association Fee Frequency: Monthly
  • Association Name: Morseman Village
  • Phone: 530 894-0404
  • Senior Community: No
  • Community Features: Gutters, Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Cul-De-Sac, Front Yard, Landscaped, Lawn, Level with Street
  • Lot Size Sq Ft: 19166.00

Multi Family

  • Gross Income: 28500.00
  • Gross Operating Income: 28500.00
  • Gross Scheduled Income: 28500.00
  • Insurance Expense: 960.00
  • Net Operating Income: 17100.00
  • 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
  • Number With Carpet: 2
  • Number With Dishwasher: 2
  • Number With Disposal: 2
  • Number With Patio: 2
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 11400.00
  • Operating Expense Percent: 40.00
  • Rent Control: No
  • Total Actual Rent: 28500.00
  • Total Expenses: 11400.00

Tax Info

  • New Taxes Expense: 3750.00
  • Tax Census Tract: 2.01

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 1, 2018
Closed on
Aug 13, 2018
Sold by
Rowe William Alan
Bought by
Thomchick Deena L
Seller's Agent
Peter Tichinin
Century 21 Select Real Estate, Inc.
Buyer's Agent
Shari Dixon
Willow & Birch Realty, Inc
List Price
$375,000
Sold Price
$364,500
Premium/Discount to List
-$10,500
-2.8%
Current Estimated Value
$533,993

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$169,493
Avg. Annual Appreciation
5.48%
Original Mortgage
$273,350
Outstanding Balance
$237,393
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$296,600

Purchase Details

Closed on
Jul 7, 2017
Sold by
Rowe William Alan and The Olson Living Trust
Bought by
Rowe William Alan

Purchase Details

Listed on
Dec 16, 2012
Closed on
Mar 28, 2013
Sold by
Vercruse Rodney
Bought by
Rowe William Alan and The Susan Olson Living Trust
Seller's Agent
Bill Chance
Bill Chance Realty
Buyer's Agent
Peter Tichinin
Century 21 Select Real Estate, Inc.
List Price
$280,000
Sold Price
$275,000
Premium/Discount to List
-$5,000
-1.79%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.44%

Purchase Details

Closed on
Oct 25, 2012
Sold by
Vercruse Karen and Vercruse Family Trust
Bought by
Vercruse Rodney

Purchase Details

Closed on
Aug 5, 2009
Sold by
Vercruse Vercruse Gary Gary and Vercruse Albert
Bought by
Vercruse Gary and Vercruse Family Trust A

Purchase Details

Closed on
Oct 17, 2003
Sold by
Hicks Georgene E
Bought by
Vercruse Albert

Purchase Details

Closed on
Apr 22, 2002
Sold by
Hicks Georgene E
Bought by
Hicks Georgene E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,000
Interest Rate
7.08%

Purchase Details

Closed on
Jan 8, 1999
Sold by
Morgan Phillip Wayne and Morgan Trisha
Bought by
Hicks Georgene E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$79,000
Interest Rate
6.66%

Purchase Details

Closed on
Dec 21, 1998
Sold by
Hicks Jack R
Bought by
Hicks Georgene R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$79,000
Interest Rate
6.66%
Source: Public Records

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Thomchick Deena L $364,500 Mid Valley Title & Escrow Co
Rowe William Alan -- None Available
Rowe William Alan $275,000 Mid Valley Title & Escrow Co
Vercruse Rodney -- None Available
Vercruse Gary -- None Available
Vercruse Albert $340,000 Bidwell Title & Escrow Co
Hicks Georgene E -- Bidwell Title & Escrow Compa
Hicks Georgene E -- --
Hicks Georgene R -- Mid Valley Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Thomchick Deena L $273,350
Previous Owner Hicks Georgene E $123,000
Previous Owner Hicks Georgene E $79,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/16/2018 08/16/18 Sold $364,500 -1.0% $150 / Sq Ft
07/09/2018 07/09/18 Pending -- -- --
06/21/2018 06/21/18 Price Changed $368,000 -1.9% $152 / Sq Ft
06/01/2018 06/01/18 For Sale $375,000 +36.4% $155 / Sq Ft
04/08/2013 04/08/13 Sold $275,000 -1.8% $113 / Sq Ft View Prior Sale
01/26/2013 01/26/13 Pending -- -- --
12/16/2012 12/16/12 For Sale $280,000 -- $115 / 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 $4,410 $406,601 $150,592 $256,009
2024 $4,410 $398,630 $147,640 $250,990
2023 $4,358 $390,815 $144,746 $246,069
2022 $4,288 $383,153 $141,908 $241,245
2021 $4,207 $375,641 $139,126 $236,515
2020 $4,195 $371,790 $137,700 $234,090
2019 $4,124 $364,500 $135,000 $229,500
2018 $3,374 $297,616 $97,401 $200,215
2017 $3,306 $291,782 $95,492 $196,290
2016 $3,018 $286,062 $93,620 $192,442
2015 $3,018 $281,766 $92,214 $189,552
2014 $2,958 $276,247 $90,408 $185,839
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN18129227

California Regional Multiple Listing Service (CRMLS)

APN: 007-320-014-000