NOT LISTED FOR SALE

3051 Burnap Ave Chico, CA 95973

Estimated Value: $374,015 - $484,000

4 Beds
3 Baths
1,694 Sq Ft
$244/Sq Ft Est. Value

Last Sold October 02, 2019

Last sale price $510,000 $301 Per Sq Ft

Est. 19% decrease in value since last sale

Current estimated payment $2,464/month

29 Days on Market

Highlights

  • Laundry Room
  • Central Heating and Cooling System
  • Level Lot
  • Bidwell Junior High School Rated A-

About This Home

As of October 2019

Great opportunity in an area of new development in north Chico. The property for sale consists of two houses-each on their own separate parcel. 3051 Burnap is a 3 bedroom 2 bath built in 1959 with 1,118 sq. ft. on .34 acre. 3055 Burnap is a studio with 1 bath built in 1960 with 576 sq. ft. on .9 acre plus a shop and out buildings.

Last Agent to Sell the Property

Dennis Deromedi

Deromedi and Associates Real License #00757576 Listed on: 07/10/2019

Last Buyer's Agent

Leslie Depweg

Bidwell Realty License #01447638

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,793

Year Built

  • Built in 1959

Lot Details

  • 1.24 Acre Lot
  • No Common Walls
  • Rural Setting
  • Level Lot
  • Sprinkler System
  • 007150032000

Interior Spaces

  • 1,694 Sq Ft Home
  • Living Room with Fireplace

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Carport

Parking

  • 4 Open Parking Spaces
  • 5 Parking Spaces
  • 1 Carport Space

Utilities

  • Central Heating and Cooling System
  • Private Water Source
  • Shared Well
  • Conventional Septic

Listing and Financial Details

  • Assessor Parcel Number 007150030000

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • Insurance Expense $1,800
  • Trash Expense $940
  • New Taxes Expense $6,050
  • Operating Expense $8,790
  • Gross Income $24,000
  • Net Operating Income $18,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,793

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Inclusions: refrigerators(2), stoves(2), dishwasher in 3051 Burnap
  • Property Attached: No
  • Property Type: Residential Income
  • Parcel Number: 007150030000
  • Year Built: 1959
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: No Common Walls
  • Fireplace Features: Living Room
  • Price Per Square Foot: 301.06

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 1.00
  • Total Parking Spaces: 5.00
  • Uncovered Spaces: 4.00

Utilities

  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: In Carport
  • Sewer: Conventional Septic
  • Trash Expense: 940.00
  • Water Source: Private, Shared Well
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Rural

Lot Info

  • Additional Parcels: No
  • Additional Parcels Description: 007150032000
  • Land Lease: No
  • Lot Features: Level, Sprinkler System
  • Lot Size Sq Ft: 54014.00
  • Lot Size Acres: 1.2400

Multi Family

  • Average3 Bed Area: 1118 Square Feet
  • Average Studio Area: 576 Square Feet
  • Gross Income: 24000.00
  • Gross Scheduled Income: 24000.00
  • Insurance Expense: 1800.00
  • Lot Size Area: 54014.0000 Square Feet
  • Net Operating Income: 18000.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 6000.00
  • Rent Control: No
  • Total Expenses: 8790.00

Tax Info

  • New Taxes Expense: 6050.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 10, 2019
Closed on
Sep 21, 2019
Sold by
Stebbins Nathan M
Bought by
Johnson Reed B
Seller's Agent
Dennis Deromedi
Deromedi and Associates Real
Buyer's Agent
Leslie Depweg
Bidwell Realty
List Price
$549,500
Sold Price
$510,000
Premium/Discount to List
-$39,500
-7.19%
Current Estimated Value
$412,754

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$97,246
Avg. Annual Appreciation
-3.94%
Original Mortgage
$375,000
Outstanding Balance
$329,903
Interest Rate
3.6%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$71,773

Purchase Details

Closed on
Nov 9, 2000
Sold by
Hamilton Rodney R
Bought by
Stebbins Nathan M and Stebbins Rebecca L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,250
Interest Rate
7.86%
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
Johnson Reed B $510,000 Allied Title & Escrow Svcs
Stebbins Nathan M $135,000 Bidwell Title & Escrow Compa
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Johnson Reed B $375,000
Previous Owner Stebbins Nathan M $121,100
Previous Owner Stebbins Nathan M $78,400
Previous Owner Stebbins Nathan M $25,000
Previous Owner Stebbins Nathan M $142,000
Previous Owner Stebbins Nathan M $128,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/02/2019 10/02/19 Sold $510,000 -7.2% $301 / Sq Ft
08/08/2019 08/08/19 Pending -- -- --
07/10/2019 07/10/19 For Sale $549,500 -- $324 / 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 $2,793 $311,100 $193,800 $117,300
2024 $2,793 $251,964 $187,634 $64,330
2023 $2,760 $247,024 $183,955 $63,069
2022 $2,715 $242,182 $180,349 $61,833
2021 $2,664 $237,434 $176,813 $60,621
2020 $2,656 $235,000 $175,000 $60,000
2019 $1,645 $144,517 $67,532 $76,985
2018 $1,615 $141,684 $66,208 $75,476
2017 $1,582 $138,907 $64,910 $73,997
2016 $1,445 $136,185 $63,638 $72,547
2015 $1,445 $134,141 $62,683 $71,458
2014 $1,423 $131,515 $61,456 $70,059
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN19163389

California Regional Multiple Listing Service (CRMLS)

APN: 007-150-030-000