Seller's Agent in 2014
Alisha Simpkins
Keller Williams Realty Chico Area
(530) 354-4244
26 in this area
286 Total Sales
316 W 4th Ave Chico, CA 95926
Chico Vecino NeighborhoodEstimated Value: $625,464 - $649,000
8
Beds
4
Baths
3,736
Sq Ft
$170/Sq Ft
Est. Value
Highlights
- Laundry Room
- Chico Junior High School Rated A-
- Central Heating and Cooling System
About This Home
As of June 2014Located off the Esplanade near Enloe and a short bike ride away from Chico State University, this fully occupied 4 unit property has a CAP Rate (including property management) of 6.8%. Two leases are currently month to month and the other two leases are expiring within the next several months. The property also owns an income producing washer and dryer that is currently charging under market price. This complex has tremendous income potential depending and a location that draws college students and young professionals alike. * Please note the interior photo's are of one of the units only.
Last Agent to Sell the Property
Keller Williams Realty Chico Area License #01772692 Listed on: 04/24/2014
Last Buyer's Agent
Deb Sprague
Deb Sprague, Broker License #01900748
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1970
Lot Details
- 7,405 Sq Ft Lot
- Two or More Common Walls
- Density is 2-5 Units/Acre
Home Design
- 3,736 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Bathrooms
Parking
- 8 Parking Spaces
- Parking Available
- Unassigned Parking
Additional Features
- Laundry Room
- Central Heating and Cooling System
Listing and Financial Details
- Assessor Parcel Number 003013021000
Community Details
Building Details
- 5 Separate Electric Meters
- 5 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $180
- Insurance Expense $1,500
- Maintenance Expense $1,071
- Professional Management Expense $1,770
- Trash Expense $258
- Water Sewer Expense $2,160
- New Taxes Expense $3,700
- Gross Income $2,900
- Net Operating Income $24,361
Additional Features
- 4 Units
- Laundry Facilities
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Dec 27, 2017
Sold by
Walter Jamnes J and Walter Rebecca E
Bought by
Squires Cody J and Squires Janae K
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$422,211
Outstanding Balance
$355,657
Interest Rate
3.87%
Mortgage Type
FHA
Estimated Equity
$281,164
Purchase Details
Listed on
Apr 24, 2014
Closed on
May 28, 2014
Sold by
Pearce Adam F
Bought by
The Walter Family Trust
Seller's Agent
Alisha Simpkins
Keller Williams Realty Chico Area
Buyer's Agent
Deb Sprague
Deb Sprague, Broker
List Price
$370,000
Sold Price
$370,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.78%
Purchase Details
Listed on
Mar 1, 2012
Closed on
Apr 17, 2012
Sold by
Payne Robert C
Bought by
Pearce Adam F and Pearce Leigh M
Seller's Agent
Steven Depa
Re/Max of Chico
Buyer's Agent
Steven Depa
Re/Max of Chico
List Price
$280,000
Sold Price
$280,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.98%
Original Mortgage
$210,000
Interest Rate
3.84%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 5, 2011
Sold by
Payne Mary Frances
Bought by
Payne Robert C and Payne Verna J
Purchase Details
Closed on
May 24, 2007
Sold by
Payne Robert C
Bought by
Payne Robert C and Payne Mary Frances
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
6.12%
Mortgage Type
New Conventional
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Squires Cody J | $430,000 | Mid Valley Title & Escrow Co | |
| The Walter Family Trust | $370,000 | Fidelity National Title Co | |
| Pearce Adam F | $280,000 | Fidelity Natl Title Co Of Ca | |
| Payne Robert C | -- | Fidelity Natl Title Co Of Ca | |
| Payne Mary Frances | -- | Fidelity Natl Title Co Of Ca | |
| Payne Robert C | -- | Fidelity Natl Title Co Of Ca |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Squires Cody J | $422,211 | |
| Previous Owner | Pearce Adam F | $210,000 | |
| Previous Owner | Payne Robert C | $250,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 06/06/2014 06/06/14 | Sold | $370,000 | 0.0% | $99 / Sq Ft | |
| 04/22/2014 04/22/14 | Pending | -- | -- | -- | |
| 01/24/2014 01/24/14 | For Sale | $370,000 | +32.1% | $99 / Sq Ft | |
| 04/19/2012 04/19/12 | Sold | $280,000 | 0.0% | $75 / Sq Ft | View Prior Sale |
| 03/02/2012 03/02/12 | Pending | -- | -- | -- | |
| 03/01/2012 03/01/12 | For Sale | $280,000 | -- | $75 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $5,315 | $489,263 | $147,916 | $341,347 |
| 2024 | $5,315 | $479,670 | $145,016 | $334,654 |
| 2023 | $5,252 | $470,266 | $142,173 | $328,093 |
| 2022 | $5,168 | $461,046 | $139,386 | $321,660 |
| 2021 | $5,070 | $452,006 | $136,653 | $315,353 |
| 2020 | $5,056 | $447,372 | $135,252 | $312,120 |
| 2019 | $4,965 | $438,600 | $132,600 | $306,000 |
| 2018 | $4,520 | $398,622 | $123,895 | $274,727 |
| 2017 | $4,427 | $390,807 | $121,466 | $269,341 |
| 2016 | $4,041 | $383,145 | $119,085 | $264,060 |
| 2015 | $4,041 | $377,391 | $117,297 | $260,094 |
| 2014 | $3,062 | $286,846 | $97,339 | $189,507 |
Source: Public Records
Agents Affiliated with this Home
-
Alisha Simpkins
-
D
Buyer's Agent in 2014
Deb Sprague
Deb Sprague, Broker
-
Steven Depa
Seller's Agent in 2012
Steven Depa
RE/MAX
(530) 520-8672
21 in this area
129 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CH14016697
APN: 003-013-021-000
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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