NOT LISTED FOR SALE

Estimated Value: $621,000 - $940,000

16 Beds
8 Baths
5,376 Sq Ft
$154/Sq Ft Est. Value

Last Sold October 20, 2017

Last sale price $650,000 $121 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $5,065/month

12 Days on Market

Highlights

  • Open Floorplan
  • Main Floor Bedroom
  • No HOA
  • Chico Junior High School Rated A-
  • Granite Countertops
  • Balcony

About This Home

As of October 2017

Extremely well maintained and updated 4-plex consisting of 2 buildings, #3 and #4 Klondike Ct., each with (2) 4 bedroom/2 bath townhouse units with one bedroom and bath downstairs and 3 bedrooms and 1 bath upstairs. These units have been updated with granite counter tops, stainless appliances, tile flooring downstairs, recessed lighting, ceiling fans in all bedrooms, remodeled baths with tile surrounds and floors, granite counters and new sinks, toilets, and plubmbing fixtures, and have been freshly painted and carpet replaced or cleaned bewteen tenants. Recent other improvements include newer roofs, refurbished balconies, updated HVAC. The units are fully leased for 2017-2018.

Last Agent to Sell the Property

Lori Akers

Parkway Real Estate Co. License #01081260 Listed on: 08/31/2017

Parkway Real Estate Co.

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,036

Year Built

  • Built in 1983 | Remodeled

Lot Details

  • 9,148 Sq Ft Lot
  • 1 Common Wall
  • Cul-De-Sac

Home Design

  • Quadruplex
  • Turnkey
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 5,376 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Ceiling Fan
  • Gas Fireplace
  • Blinds
  • Living Room with Fireplace
  • Laundry Room

Kitchen

  • Built-In Range
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 16 Bedrooms
  • Main Floor Bedroom
  • 8 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces
  • Parking Available
  • Parking Lot
  • Unassigned Parking

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Connected

Additional Features

  • Balcony
  • Two Homes on a Lot
  • Urban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Assessor Parcel Number 043162027000

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Fuel Expense $258
  • Gardener Expense $1,400
  • Insurance Expense $1,882
  • Maintenance Expense $700
  • Pest Control $80
  • Professional Management Expense $2,686
  • Trash Expense $2,017
  • Water Sewer Expense $2,750
  • New Taxes Expense $7,938
  • Operating Expense $19,711
  • Gross Income $62,400
  • Net Operating Income $42,700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,036

Year Built

Built in 1983 | Remodeled

Lot Details

0

Listing Details

  • CapRate: 7.00
  • Inclusions: Refrigerator
  • Professional Management Expense: 2686.00
  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Water Sewer Expenses: 2750.00
  • Zoning: 00
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1400.00
  • Parcel Number: 043162027000
  • Year Built: 1983
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Balcony, Ceiling Fan(s), Granite Counters, Open Floorplan
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Fireplace Features: Living Room, Gas
  • Levels: Two
  • Price Per Square Foot: 120.91
  • Room Type: Main Floor Bedroom
  • Window Features: Blinds

Exterior Features

  • Foundation: Slab
  • Other Structures: Two On A Lot
  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Parking: Yes
  • Parking Features: Unassigned, Uncovered, Parking Space
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 8.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Built-In Range, Dishwasher, Electric Range, Disposal, Refrigerator
  • Heating Type: Central, Forced Air, Natural Gas
  • Laundry Features: Community
  • Pest Control Expense: 80.00
  • Sewer: Public Sewer
  • Trash Expense: 2017.00
  • Water Source: Public
  • Cooling: Central Air, Electric
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Cul-De-Sac
  • Lot Size Sq Ft: 9148.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Fuel Expense: 258.00
  • Gross Income: 62400.00
  • Gross Scheduled Income: 62400.00
  • Insurance Expense: 1882.00
  • Maintenance Expense: 700.00
  • Net Operating Income: 42700.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Dishwasher: 4
  • Number With Disposal: 4
  • Number With Patio: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 19700.00
  • Rent Control: No
  • Total Actual Rent: 5400.00
  • Total Expenses: 19711.00

Tax Info

  • New Taxes Expense: 7938.00
  • Tax Census Tract: 6.04

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 8, 2023
Sold by
Huff Robert B and Huff Arlene
Bought by
Huff Family Trust
Current Estimated Value
$829,070

Purchase Details

Closed on
Apr 11, 2023
Sold by
Hennigan Daniel and Hennigan Lindsay
Bought by
Daniel And Lindsay Hennigan Family Trust

Purchase Details

Listed on
Aug 31, 2017
Closed on
Oct 4, 2017
Sold by
Littell William F and Littell Judith A
Bought by
Hennigan Daniel and Huff Lindsay
Seller's Agent
Lori Akers
Parkway Real Estate Co.
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$635,000
Sold Price
$650,000
Premium/Discount to List
$15,000
2.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.11%
Original Mortgage
$487,500
Interest Rate
3.78%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 24, 2002
Sold by
Littell William F and Littell Judith A
Bought by
Littell William F and Littell Judith A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$106,350
Interest Rate
5.86%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 3, 1999
Sold by
Littell William F and Littell Judith A
Bought by
Littell William F and Littell Judith A

Purchase Details

Closed on
Oct 23, 1997
Sold by
Federal National Mortgage Association
Bought by
Littell William and Littell Judith

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,750
Interest Rate
7.33%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 7, 1997
Sold by
Ellen B M and Ellen Phyllis
Bought by
Federal National Mortgage Association
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 Buyer Sale Price Title Company
Huff Family Trust -- None Listed On Document
Daniel And Lindsay Hennigan Family Trust -- None Listed On Document
Hennigan Daniel $650,000 Mid Valley Title & Escrow Co
Littell William F -- Fidelity Natl Title Of Ca
Littell William F -- Fidelity Natl Title Of Ca
Littell William F -- --
Littell William $145,000 Bidwell Title & Escrow Compa
Federal National Mortgage Association $189,636 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hennigan Daniel $487,500
Previous Owner Littell William F $106,350
Previous Owner Littell William $108,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/20/2017 10/20/17 Sold $650,000 +2.4% $121 / Sq Ft
09/12/2017 09/12/17 Pending -- -- --
08/31/2017 08/31/17 For Sale $635,000 -- $118 / 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 $8,036 $739,310 $147,916 $591,394
2024 $8,036 $722,854 $145,016 $577,838
2023 $7,942 $710,681 $142,173 $568,508
2022 $7,815 $696,786 $139,386 $557,400
2021 $7,669 $683,163 $136,653 $546,510
2020 $7,648 $676,179 $135,252 $540,927
2019 $7,510 $662,960 $132,600 $530,360
2018 $7,373 $650,000 $130,000 $520,000
2017 $2,479 $213,849 $63,275 $150,574
2016 $2,268 $209,696 $62,035 $147,661
2015 $2,268 $206,578 $61,104 $145,474
2014 $2,215 $202,572 $59,908 $142,664
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CH17201268

California Regional Multiple Listing Service (CRMLS)

APN: 043-162-027-000