NOT LISTED FOR SALE

Estimated Value: $972,000 - $1,217,000

16 Beds
8 Baths
5,376 Sq Ft
$210/Sq Ft Est. Value

Last Sold October 26, 2021

Last sale price $1,174,000 $218 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $6,805/month

2 Days on Market

Highlights

  • 0.24 Acre Lot
  • No HOA
  • Central Heating and Cooling System
  • Chico Junior High School Rated A-
  • Laundry Room

About This Home

As of October 2021

Located just south of Chico State lies this well-maintained quadruplex! Each unit features tile flooring in the common areas, crown moulding, in-unit laundry, stainless steel appliances, and a back deck or porch for relaxation. This building has a strong rental history and is currently fully occupied. Also listed for sale is the adjacent building at 315 Hickory Street.

Last Agent to Sell the Property

Lindsay Porter

eXp Realty of California, Inc. License #02114755 Listed on: 09/07/2021

eXp Realty of California, Inc.

Last Buyer's Agent

Brent Silberbauer

eXp Realty of California, Inc. License #02019819

eXp Realty of California, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1983

Lot Details

  • 10,454 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Home Design

  • Quadruplex
  • Composition Roof

Interior Spaces

  • 5,376 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 16 Bedrooms
  • All Upper Level Bedrooms
  • 8 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • Parking Available
  • Parking Lot

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 14
  • Assessor Parcel Number 004102008000

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,164
  • Trash Expense $1,160
  • New Taxes Expense $9,680
  • Operating Expense $30,649
  • Gross Income $87,792
  • Net Operating Income $73,423

Property Details

Home Type

Multi-Family

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 6.00
  • Inclusions: Washer & Dryer
  • Property Attached: Yes
  • View: No
  • Zoning: 00
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 004102008000
  • Year Built: 1983
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 218.38
  • Room Type: All Bedrooms Up

Exterior Features

  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Parking: Yes
  • Parking Features: Parking Space

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Dryer Included, Inside, Washer Included
  • Sewer: Public Sewer
  • Trash Expense: 1160.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 10454.00
  • Lot Size Acres: 0.2400

Multi Family

  • Gross Income: 87792.00
  • Gross Scheduled Income: 101238.00
  • Insurance Expense: 2164.00
  • Lot Size Area: 10454.0000 Square Feet
  • Net Operating Income: 73423.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 30649.00
  • Rent Control: No
  • Total Expenses: 30649.00

Tax Info

  • New Taxes Expense: 9680.00
  • Tax Census Tract: 11.00
  • Tax Lot: 14

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 7, 2021
Closed on
Oct 8, 2021
Sold by
Grace & Reese Properties Llc
Bought by
Sierra Jeffery and Sierra Monika
Seller's Agent
Lindsay Porter
eXp Realty of California, Inc.
Buyer's Agent
Brent Silberbauer
eXp Realty of California, Inc.
List Price
$12,000,000
Sold Price
$1,174,000
Premium/Discount to List
-$10,826,000
-90.22%
Current Estimated Value
$1,093,887

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$80,113
Avg. Annual Appreciation
-0.96%
Original Mortgage
$880,500
Outstanding Balance
$802,934
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$323,994

Purchase Details

Listed on
Nov 7, 2017
Closed on
Mar 8, 2018
Sold by
Williams Michael S and Williams Kathleen H
Bought by
Grace & Reese Properties Llc
Seller's Agent
Steven Depa
Re/Max of Chico
Buyer's Agent
B.J. Parsons
Parkway Real Estate Co.
List Price
$849,500
Sold Price
$825,000
Premium/Discount to List
-$24,500
-2.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.86%

Purchase Details

Listed on
Nov 7, 2017
Closed on
Dec 20, 2017
Sold by
Campos Properties Limited Partnership
Bought by
Williams Michael S and Williams Katherine H
Seller's Agent
Steven Depa
Re/Max of Chico
Buyer's Agent
B.J. Parsons
Parkway Real Estate Co.
List Price
$849,500
Sold Price
$825,000
Premium/Discount to List
-$24,500
-2.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$618,750
Interest Rate
3.93%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 17, 2014
Sold by
Campos Michael D and Campos Nancy
Bought by
Campos Properties Limited Partnership

Purchase Details

Closed on
Jun 6, 2011
Sold by
Campos Michael D and Campos Nancy
Bought by
Campos Michael D and Campos Nancy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,000
Interest Rate
4.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 15, 2011
Sold by
Porter Ronald and Porter Eva
Bought by
Campos Michael D and Campos Nancy

Purchase Details

Closed on
Nov 16, 2006
Sold by
College Towne Realty Fund I Llc
Bought by
Porter Ronald and Porter Eva

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$540,000
Interest Rate
7.25%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Sep 10, 2004
Sold by
Depa Steven J and Haas Depa Nancy
Bought by
College Towne Realty Fund I Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$972,000
Interest Rate
5.82%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 30, 2002
Sold by
Nielsen Stanley A and Nielsen Eleanor C
Bought by
Depa Steven J and Haas Depa Nancy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$258,400
Interest Rate
6.17%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Sierra Jeffery $1,174,000 Mid Valley Title & Escrow Co
Grace & Reese Properties Llc -- None Available
Williams Michael S $825,000 Mid Valley Title & Escrow Co
Campos Properties Limited Partnership -- None Available
Campos Michael D -- Mid Valley Title & Escrow Co
Campos Michael D $350,500 Mid Valley Title
Porter Ronald $675,000 Fidelity Natl Title Co Of Ca
College Towne Realty Fund I Llc $520,000 Fidelity Natl Title Co Of Ca
Depa Steven J $354,000 Bidwell Title & Escrow
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sierra Jeffery $880,500
Previous Owner Williams Michael S $618,750
Previous Owner Campos Michael D $315,000
Previous Owner Porter Ronald $540,000
Previous Owner College Towne Realty Fund I Llc $972,000
Previous Owner Depa Steven J $258,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/26/2021 10/26/21 Sold $1,174,000 -2.2% $218 / Sq Ft
09/09/2021 09/09/21 Pending -- -- --
09/07/2021 09/07/21 Price Changed $1,200,000 -90.0% $223 / Sq Ft
09/07/2021 09/07/21 For Sale $12,000,000 +1354.5% $2,232 / Sq Ft
01/26/2018 01/26/18 Sold $825,000 -2.9% $153 / Sq Ft View Prior Sale
11/13/2017 11/13/17 Pending -- -- --
11/07/2017 11/07/17 For Sale $849,500 -- $158 / 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 $13,495 $1,245,612 $222,853 $1,022,759
2024 $13,495 $1,217,268 $218,484 $998,784
2023 $13,337 $1,197,400 $214,200 $983,200
2022 $13,127 $1,174,000 $210,000 $964,000
2021 $9,707 $867,017 $236,515 $630,502
2020 $9,680 $858,168 $234,090 $624,078
2019 $9,506 $841,420 $229,500 $611,920
2018 $9,332 $825,000 $225,000 $600,000
2017 $4,384 $386,915 $104,869 $282,046
2016 $4,001 $379,329 $102,813 $276,516
2015 $4,001 $373,632 $101,269 $272,363
2014 $3,905 $366,314 $99,286 $267,028
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN21197572

California Regional Multiple Listing Service (CRMLS)

APN: 004-102-008-000