NOT LISTED FOR SALE

Estimated Value: $689,000 - $993,000

16 Beds
8 Baths
4,500 Sq Ft
$178/Sq Ft Est. Value

Last Sold December 15, 2016

Last sale price $509,500 $113 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $4,787/month

76 Days on Market

About This Home

As of December 2016

South Campus neighborhood consisting of 4bed 2bath units with fireplaces. Upside available in rents. Property needs some updates.

Last Agent to Sell the Property

Steven Depa

Re/Max of Chico License #00813533 Listed on: 09/26/2016

Re/Max of Chico

Last Buyer's Agent

Adam Pearce

Adam Pearce, Broker License #01890178

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,416

Year Built

  • Built in 1983

Lot Details

  • 8,276 Sq Ft Lot
  • Two or More Common Walls
  • Landscaped

Home Design

  • 4,500 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 8 Bathrooms

Listing and Financial Details

  • Assessor Parcel Number 004105016000

Community Details

Overview

  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,200
  • Trash Expense $1,200
  • Water Sewer Expense $1,800
  • New Taxes Expense $5,350
  • Gross Income $5,900
  • Net Operating Income $61,250

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,416

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Water Sewer Expenses: 1800.00
  • Property Type: Residential Income
  • Parcel Number: 004105016000
  • Year Built: 1983
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 113.22

Exterior Features

  • Pool Private: No

Utilities

  • Utilities: Sewer Connected
  • Trash Expense: 1200.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped
  • Lot Size Sq Ft: 8276.00
  • Price Per Lot Square Foot: 64.64

Multi Family

  • Gross Income: 5900.00
  • Gross Scheduled Income: 70800.00
  • Insurance Expense: 1200.00
  • Net Operating Income: 61250.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 9550.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 5350.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 16, 2024
Sold by
Matt And Cassie Shelton Family Trust and Shelton Matthew J
Bought by
Forty Four Holdings Llc
Total Days on Market
76
Current Estimated Value
$801,369

Purchase Details

Closed on
Aug 27, 2024
Sold by
Shelton Matt and Shelton Cassie
Bought by
Matt And Cassie Shelton Family Trust and Shelton

Purchase Details

Closed on
Apr 4, 2017
Sold by
Butte Creek Property Corporation
Bought by
Shelton Matt and Shelton Cassie

Purchase Details

Listed on
Sep 26, 2016
Closed on
Dec 13, 2016
Sold by
Lambert William J and Lambert Irina C
Bought by
Butte Creek Property Corp
Seller's Agent
Steven Depa
Re/Max of Chico
Buyer's Agent
Adam Pearce
Adam Pearce, Broker
List Price
$535,000
Sold Price
$509,500
Premium/Discount to List
-$25,500
-4.77%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.30%

Purchase Details

Closed on
Jul 29, 2009
Sold by
Marden Clifford
Bought by
Lambert William J and Lambert Irina C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$239,400
Interest Rate
4.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 16, 2003
Sold by
Marden Janis L
Bought by
Marden Clifford

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$390,400
Interest Rate
7.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 29, 2003
Sold by
Campos Michael D and Campos Nancy
Bought by
Marden Clifford

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$390,400
Interest Rate
7.5%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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Range of Values:

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Average Value
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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
Forty Four Holdings Llc -- None Listed On Document
Matt And Cassie Shelton Family Trust -- None Listed On Document
Shelton Matt $509,500 None Available
Butte Creek Property Corp $509,500 Bidwell Title & Escrow Co
Lambert William J $375,000 Bidwell Title & Escrow Co
Marden Clifford -- Mid Valley Title & Escrow Co
Marden Clifford $488,000 Mid Valley Title & Escrow Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lambert William J $239,400
Previous Owner Marden Clifford $131,200
Previous Owner Marden Clifford $390,800
Previous Owner Marden Clifford $390,400
Previous Owner Campos Michael D $240,000
Previous Owner Campos Michael D $245,000
Closed Marden Clifford $48,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/15/2016 12/15/16 Sold $509,500 -4.8% $113 / Sq Ft
10/12/2016 10/12/16 Pending -- -- --
09/26/2016 09/26/16 For Sale $535,000 0.0% $119 / Sq Ft
08/05/2016 08/05/16 Pending -- -- --
07/28/2016 07/28/16 For Sale $535,000 -- $119 / 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
2024 $6,416 $577,445 $142,227 $435,218
2023 $6,340 $568,124 $139,439 $428,685
2022 $6,239 $557,024 $136,705 $420,319
2021 $6,122 $546,142 $134,025 $412,117
2020 $6,105 $540,563 $132,651 $407,912
2019 $5,995 $530,003 $130,050 $399,953
2018 $5,886 $519,650 $127,500 $392,150
2017 $5,767 $509,500 $125,000 $384,500
2016 $3,963 $375,733 $125,394 $250,339
2015 $3,964 $370,165 $123,511 $246,654
2014 $3,573 $335,000 $130,000 $205,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CH16165359

California Regional Multiple Listing Service (CRMLS)

APN: 004-105-016-000