NOT LISTED FOR SALE

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

Chico Area
9 Beds
9 Baths
4,935 Sq Ft
0.4 Acre Lot

Sale Details

Date Sold: October 26, 2022

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

36 Days on Market

Highlights

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

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

  • 17,424 Sq Ft 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 in unit
  • 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

0.4 Acres

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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 11, 2022
Closed on
Oct 20, 2022
Sold by
Bought by
Seller's Agent
Candace Andel
Century 21 Select Real Estate, Inc.
Buyer's Agent
Matthew Spaulding
Century 21 Select Real Estate, Inc.
List Price
$1,100,000
Sold Price
$1,025,000
Premium/Discount to List
-$75,000
-6.82%
Views
11

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
0.0602%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 2, 1998
Sold by
Bought by
Source: Public Records
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,025,000 Mid Valley Title & Escrow
-- First American Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $400,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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)
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