NOT LISTED FOR SALE

Estimated Value: $430,583 - $517,000

4 Beds
2 Baths
1,901 Sq Ft
$242/Sq Ft Est. Value

Last Sold March 07, 2022

Last sale price $420,000 $221 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $2,812/month

8 Days on Market

Highlights

  • Corner Lot
  • Laundry Room
  • Front Yard
  • Parkview Elementary School Rated A-
  • Central Heating and Cooling System
  • 1-Story Property

About This Home

As of March 2022

Start crushing your 2022 investment goals by adding this duplex to your portfolio! Nice & clean units both feature 2 bedrooms and 1 bath on corner parcel near the heart of downtown Chico, with off street parking-- Tenants will love the convenience of walking or biking to everything this beautiful city has to offer! Unit #A has fenced private courtyard entrance, and unit #B offers a larger fenced yard. Central heating & air, newer energy efficient windows with shared laundry facilities onsite. TENANT OCCUPIED & LEASED (Unit A leased until 6/29/23, Unit B leased until 7/21/22), please do not disturb tenants.

Last Agent to Sell the Property

Steven Depa

Re/Max of Chico License #00813533 Listed on: 01/25/2022

Re/Max of Chico

Last Buyer's Agent

John Fagan

eXp Realty of California Inc. License #01472149

eXp Realty of California Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1978

Lot Details

  • 5,227 Sq Ft Lot
  • Two or More Common Walls
  • Corner Lot
  • Front Yard

Home Design

  • Property Attached

Interior Spaces

  • 1,901 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Legal Lot and Block 1 / 48
  • Assessor Parcel Number 004427004000

Community Details

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $150
  • Insurance Expense $1,200
  • Water Sewer Expense $2,950
  • New Taxes Expense $4,895
  • Operating Expense $9,195
  • Gross Income $2,615
  • Net Operating Income $22,185

Additional Features

  • 2 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 2950.00
  • Zoning: RP
  • Property Type: Residential Income
  • Parcel Number: 004427004000
  • Year Built: 1978
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Levels: One
  • Price Per Square Foot: 220.94

Exterior Features

  • Pool Private: No

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Common Area, Outside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Front Yard
  • Lot Size Sq Ft: 5227.00
  • Lot Size Acres: 0.1200

Multi Family

  • Electric Expense: 150.00
  • Gross Income: 2615.00
  • Gross Scheduled Income: 31380.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 5227.0000 Square Feet
  • Net Operating Income: 22185.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 9195.00
  • Rent Control: Yes
  • Total Expenses: 9195.00

Tax Info

  • New Taxes Expense: 4895.00
  • Tax Block: 48
  • Tax Census Tract: 10.00
  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 23, 2025
Sold by
Rutter Paul M and Rutter Sunny B
Bought by
Rutter 2011 Revocable Trust and Rutter
Current Estimated Value
$460,396

Purchase Details

Listed on
Jan 25, 2022
Closed on
Feb 25, 2022
Sold by
Belben Joel B and Belben Laurel J
Bought by
Rutter Paul M and Rutter Sunny B
Seller's Agent
Steven Depa
Re/Max of Chico
Buyer's Agent
John Fagan
eXp Realty of California Inc.
List Price
$445,000
Sold Price
$420,000
Premium/Discount to List
-$25,000
-5.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.41%
Original Mortgage
$315,000
Interest Rate
3.69%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 25, 2018
Sold by
Lind Gary and Lind Lynn
Bought by
Belben Joel B and Hammang Laurel J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$246,750
Interest Rate
4.32%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 20, 2016
Closed on
Oct 25, 2016
Sold by
Lind Gary B and Lind Lynn S
Bought by
Lind Gary and Lind Lynn
Seller's Agent
John Barroso
Parkway Real Estate Co.
Buyer's Agent
Jayme Foster
Re/Max of Chico
List Price
$299,000
Sold Price
$290,000
Premium/Discount to List
-$9,000
-3.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.07%

Purchase Details

Closed on
Feb 25, 2011
Sold by
Gonzales Daniel T and Gonzales Dawn M
Bought by
Gonzales Daniel T and Gonzales Dawn M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,500
Interest Rate
3.48%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 8, 2011
Sold by
Gonzales Daniel T and Gonzales Dawn M
Bought by
Lind Gary B and Lind Lynn S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,500
Interest Rate
3.48%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 7, 2002
Sold by
Miller Andrew B
Bought by
Gonzales Daniel T and Gonzales Dawn M
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Rutter 2011 Revocable Trust -- None Listed On Document
Rutter Paul M $420,000 Mid Valley Title
Belben Joel B $329,000 Timios Title
Lind Gary -- None Available
Gonzales Daniel T -- None Available
Lind Gary B $290,000 Bidwell Title & Escrow Compa
Gonzales Daniel T $165,000 Mid Valley Title & Escrow Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rutter Paul M $315,000
Previous Owner Belben Joel B $246,750
Previous Owner Lind Gary B $188,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/07/2022 03/07/22 Sold $420,000 -5.6% $221 / Sq Ft
02/02/2022 02/02/22 Pending -- -- --
01/25/2022 01/25/22 For Sale $445,000 +53.4% $234 / Sq Ft
09/09/2016 09/09/16 Sold $290,000 -3.0% $153 / Sq Ft View Prior Sale
07/26/2016 07/26/16 Pending -- -- --
07/20/2016 07/20/16 For Sale $299,000 0.0% $157 / Sq Ft
06/27/2016 06/27/16 Pending -- -- --
06/09/2016 06/09/16 For Sale $299,000 -- $157 / 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 $4,855 $445,707 $169,793 $275,914
2024 $4,855 $436,968 $166,464 $270,504
2023 $4,798 $428,400 $163,200 $265,200
2022 $3,997 $354,753 $198,357 $156,396
2021 $3,918 $347,837 $194,468 $153,369
2020 $3,910 $344,291 $192,474 $151,817
2019 $3,843 $337,580 $188,700 $148,880
2018 $3,374 $295,760 $127,500 $168,260
2017 $3,303 $290,000 $125,000 $165,000
2016 $2,194 $205,895 $74,869 $131,026
2015 $2,192 $202,803 $73,745 $129,058
2014 $2,145 $198,831 $72,301 $126,530
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN22014989

California Regional Multiple Listing Service (CRMLS)

APN: 004-427-004-000