NOT LISTED FOR SALE

316 W 4th Ave Chico, CA 95926

Chico Vecino Neighborhood

Estimated Value: $593,000 - $653,000

8 Beds
4 Baths
3,736 Sq Ft
$168/Sq Ft Est. Value

Last Sold June 06, 2014

Last sale price $370,000 $99 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $3,762/month

88 Days on Market

Highlights

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

About This Home

As of June 2014

Located 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

Alisha Simpkins

Keller Williams Realty Chico Area License #01772692 Listed on: 04/24/2014

Keller Williams Realty Chico Area

Last Buyer's Agent

Deb Sprague

Deb Sprague, Broker License #01900748

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,315

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,315

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Other Phone Description: Lindsay
  • Other Phone Number: 530-521-0412
  • Professional Management Expense: 1770.00
  • Property Attached: Yes
  • Water Sewer Expenses: 2160.00
  • Property Type: Residential Income
  • Parcel Number: 003013021000
  • Year Built: 1970
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 99.04

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Unassigned
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Community
  • Trash Expense: 258.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 7405.00
  • Lot Size Acres: 0.1700

Multi Family

  • Electric Expense: 180.00
  • Gross Income: 2900.00
  • Gross Scheduled Income: 34800.00
  • Insurance Expense: 1500.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 7405.0000 Square Feet
  • Maintenance Expense: 1071.00
  • Net Operating Income: 24361.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Number With Dishwasher: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 10439.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 3700.00
  • Taxes Percent: 1.00
  • Tax Year: 2012

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
$625,950

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
$270,293

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
4.75%

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
Source: Public Records

Range of Values:

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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
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 Change Sq Ft Price
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
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

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 $5,315 $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

    Seller's Agent in 2014

    Alisha Simpkins

    Keller Williams Realty Chico Area

    (530) 354-4244

    28 in this area

    301 Total Sales

    Alisha Simpkins
    Section Image

  • 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

    22 in this area

    138 Total Sales

    Steven Depa
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CH14016697

California Regional Multiple Listing Service (CRMLS)

APN: 003-013-021-000

California Butte County Chico 95926 Chico Vecino

316 W 4th Ave, Chico, CA

This home is located at 316 W 4th Ave, Chico, CA 95926 since 24 April 2014 and is currently estimated at $625,950, approximately $167 per square foot. This property was built in 1970. 316 W 4th Ave is a home located in Butte County with nearby schools including Citrus Avenue Elementary School, Chico Junior High School, and Chico High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) 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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