NOT LISTED FOR SALE

307 Saint Michael Ct Unit A-D Chico, CA 95973

9 Beds
9 Baths
4,935 Sq Ft
0.4 Acres

Last Sold October 26, 2022

Last sale price $1,025,000 $208 Per Sq Ft

36 Days on Market

Highlights

  • Lawn
  • Laundry Room
  • Bike Trail
  • Chico Junior High School Rated A-
  • Central Heating and Cooling System

About This Home

As of October 2022

Very well maintained income producing 4-unit property seconds from the Esplanade and a highly sought after residential area of Chico. The property consists of a single family house with 3 bedrooms / 3 bathrooms and a triplex with each unit having 2 bedrooms / 2 bathrooms all on one lot. Two of the units in the triplex have an additional good size den/bonus room. All four units have a 2 car garage, some off street parking, a small patio area, and washer and dryer hookups. Property is in a quiet neighborhood at the end of a cul-de-sac surrounded by other income producing properties. Consistent, great rental history for the past 30+ years. Leases are on month to month. Please do not disturb the Tenants.

Last Agent to Sell the Property

Candace Andel

Century 21 Select Real Estate, Inc. License #02040053 Listed on: 08/11/2022

Century 21 Select Real Estate, Inc.

Last Buyer's Agent

Matthew Spaulding

Century 21 Select Real Estate, Inc. License #02124466

Century 21 Select Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1985

Lot Details

  • 0.4 Acre Lot
  • 1 Common Wall
  • Lawn
  • Density is up to 1 Unit/Acre

Parking

  • 8 Car Garage

Home Design

  • 4,935 Sq Ft Home
  • Quadruplex
  • Composition Roof

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 9 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Location

  • Urban Location

Utilities

  • Central Heating and Cooling System
  • Conventional Septic

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, telephone
  • Tax Lot 10
  • Assessor Parcel Number 006300010000

Community Details

Overview

  • 2 Buildings
  • 4 Units

Recreation

  • Bike Trail

Building Details

  • Rent Control
  • 5 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Electric Expense $100
  • Insurance Expense $1,836
  • Maintenance Expense $360
  • Professional Management Expense $3,600
  • Trash Expense $450
  • Water Sewer Expense $3,536
  • New Taxes Expense $13,200
  • Operating Expense $23,082
  • Net Operating Income $48,538

Property Details

Home Type

Multi-Family

Year Built

Built in 1985

Lot Details

0

Parking

8

Listing Details

  • Professional Management Expense: 3600.00
  • Property Attached: Yes
  • Water Sewer Expenses: 3536.00
  • Zoning: R3
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 006300010000
  • Year Built: 1985
  • Special Features: None

Interior Features

  • Fireplace: No
  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 207.70

Exterior Features

  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 8.00
  • Total Parking Spaces: 8.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Conventional Septic
  • Trash Expense: 450.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Lawn
  • Lot Size Sq Ft: 17424.00
  • Lot Size Acres: 0.4000

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Telephone

Multi Family

  • Electric Expense: 100.00
  • Gross Scheduled Income: 71620.00
  • Insurance Expense: 1836.00
  • Lot Size Area: 17424.0000 Square Feet
  • Maintenance Expense: 360.00
  • Net Operating Income: 48538.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 23082.00
  • Rent Control: Yes
  • Total Expenses: 23082.00

Tax Info

  • New Taxes Expense: 13200.00
  • Tax Census Tract: 3.00
  • Tax Lot: 10
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Property History

Date Event Price List to Sale Price per Sq Ft
10/26/2022 10/26/22 Sold $1,025,000 -6.8% $208 / Sq Ft
09/16/2022 09/16/22 Pending -- -- --
08/11/2022 08/11/22 For Sale $1,100,000 -- $223 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $11,529 $1,063,809 $187,272 $876,537
2024 $11,529 $1,042,950 $183,600 $859,350
2023 $11,393 $1,022,500 $180,000 $842,500
2022 $4,453 $397,010 $70,482 $326,528
2021 $4,369 $389,226 $69,100 $320,126
2020 $4,357 $385,236 $68,392 $316,844
2019 $4,278 $377,683 $67,051 $310,632
2018 $4,200 $370,279 $65,737 $304,542
2017 $4,114 $363,020 $64,449 $298,571
2016 $3,755 $355,903 $63,186 $292,717
2015 $3,755 $350,558 $62,237 $288,321
2014 $3,677 $343,692 $61,018 $282,674
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN22177580

California Regional Multiple Listing Service (CRMLS)