NOT LISTED FOR SALE

305 Olive St Chico, CA 95928

East Streets Neighborhood

Estimated Value: $449,937 - $466,000

5 Beds
2 Baths
1,200 Sq Ft
$380/Sq Ft Est. Value

Last Sold September 27, 2021

Last sale price $438,750 $366 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $2,812/month

4 Days on Market

Highlights

  • Laundry Room
  • Central Heating and Cooling System
  • Back Yard
  • Parkview Elementary School Rated A-

About This Home

As of September 2021

Don’t miss out on this income producing property! Renovated 5 bedroom, 2 bath home in a highly desirable area just east of Downtown, near Bidwell Park. Newer HVAC system and kitchen appliances. Onsite laundry room with washer/dryer, and off-street parking in rear. Ample backyard and great front porch! Call for more info today! Currently leased until 5/2022. PLEASE DO NOT DISTURB OCCUPANTS.

Last Agent to Sell the Property

Steven Depa

Re/Max of Chico License #00813533 Listed on: 08/13/2021

Re/Max of Chico

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1910

Lot Details

  • 4,356 Sq Ft Lot
  • No Common Walls
  • Back Yard

Home Design

  • 1,200 Sq Ft Home

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Additional Features

  • Laundry Room
  • Central Heating and Cooling System

Community Details

  • Rent Control
  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Gardener Expense $960
  • Insurance Expense $1,000
  • Trash Expense $326
  • Water Sewer Expense $1,020
  • New Taxes Expense $4,950
  • Operating Expense $8,256
  • Gross Income $2,800
  • Net Operating Income $26,244

Listing and Financial Details

  • Legal Lot and Block 3,4 / O
  • Assessor Parcel Number 004181009000

Property Details

Home Type

Multi-Family

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 1020.00
  • Zoning: RD-1
  • Property Type: Residential Income
  • Gardener Expense: 960.00
  • Parcel Number: 004181009000
  • Year Built: 1910
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 365.62

Exterior Features

  • Pool Private: No

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 326.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard
  • Lot Size Sq Ft: 4356.00
  • Lot Size Acres: 0.1000

Multi Family

  • Gross Income: 2800.00
  • Gross Scheduled Income: 34500.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 4356.0000 Square Feet
  • Net Operating Income: 26244.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 1
  • Operating Expense: 8256.00
  • Other Income1: 900.00
  • Other Income Description: RUBS Charge
  • Rent Control: Yes
  • Total Expenses: 8256.00

Tax Info

  • New Taxes Expense: 4950.00
  • Tax Block: O
  • Tax Census Tract: 10.00
  • Tax Lot: 3,4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 13, 2021
Closed on
Sep 24, 2021
Sold by
Campos Properties Limited Partnership
Bought by
West Russell and West Angela
Seller's Agent
Steven Depa
Re/Max of Chico
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$450,000
Sold Price
$438,750
Premium/Discount to List
-$11,250
-2.5%
Current Estimated Value
$455,734

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$16,984
Avg. Annual Appreciation
0.91%
Original Mortgage
$300,000
Outstanding Balance
$272,978
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$182,756

Purchase Details

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

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
West Russell $439,000 Mid Valley Title & Escrow Co
Campos Properties Limited Partnership -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open West Russell $300,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/27/2021 09/27/21 Sold $438,750 -2.5% $366 / Sq Ft
08/17/2021 08/17/21 Pending -- -- --
08/13/2021 08/13/21 For Sale $450,000 -- $375 / 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 $5,048 $465,657 $180,405 $285,252
2024 $5,048 $456,527 $176,868 $279,659
2023 $4,989 $447,576 $173,400 $274,176
2022 $4,910 $438,800 $170,000 $268,800
2021 $1,472 $130,782 $63,307 $67,475
2020 $1,468 $129,442 $62,658 $66,784
2019 $1,441 $126,905 $61,430 $65,475
2018 $1,415 $124,418 $60,226 $64,192
2017 $1,386 $121,980 $59,046 $62,934
2016 $1,265 $119,589 $57,889 $61,700
2015 $1,265 $117,794 $57,020 $60,774
2014 $1,235 $115,488 $55,904 $59,584
Source: Public Records

Agents Affiliated with this Home

  • Steven Depa

    Seller's Agent in 2021

    Steven Depa

    RE/MAX

    (530) 520-8672

    6 in this area

    131 Total Sales

    Steven Depa
    Section Image

  • N

    Buyer's Agent in 2021

    NoEmail NoEmail

    NONMEMBER MRML

    (646) 541-2551

    2 in this area

    6,102 Total Sales

    NoEmail NoEmail
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN21177984

California Regional Multiple Listing Service (CRMLS)

APN: 004-181-009-000

California Butte County Chico 95928 East Streets

305 Olive St, Chico, CA

Not Listed for Sale

MultiFamily

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