488 E 3rd St Chico, CA 95928
East Streets Neighborhood
9
Beds
5
Baths
3,659
Sq Ft
10,454
Sq Ft Lot
Highlights
- Property is near a park
- Wood Flooring
- Granite Countertops
- Parkview Elementary School Rated A-
- High Ceiling
- 4-minute walk to Lost Park
About This Home
As of December 2023Beautiful home in prime location walking distance to downtown Chico, Bidwell Park and Chico State University. The home has 9 bedrooms and 5 bathrooms, and it is currently rented for $6,400 per month. Originally built in 1950 by the Enloe Family, the home was taken down to the studs and completely refurbished in 2007 with new electrical, plumbing, appliances, HVAC systems, roof, windows, light fixtures, plumbing fixtures, and new insulation in the walls and attic. Most of the original wood flooring throughout the home was preserved and restored, and several bathrooms have the original tile flooring. The large kitchen features granite counter tops, two sinks, two stoves, two microwaves, two refrigerators and tons of cabinetry. The home also has two sets of washer and drier (one set upstairs and one set downstairs), plus a finished basement with a bedroom, a living room, separate exterior access, and two walk-in storage closets. The tenant is on a year lease and is responsible for paying water, sewer, garbage, yard maintenance, and interior repairs (including appliances). At the current list price, the property offers a true 7% return on investment. This property offers the trifecta - location, condition and ROI.
Last Agent to Sell the Property
Michael McCrady, Broker License #01234296 Listed on: 07/20/2020
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,459
Year Built
- Built in 1950
Lot Details
- 10,454 Sq Ft Lot
- No Common Walls
Interior Spaces
- 3,659 Sq Ft Home
- 2-Story Property
- High Ceiling
- Recessed Lighting
- Double Pane Windows
- Granite Countertops
- Laundry Room
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 9 Bedrooms
- 5 Bathrooms
Parking
- 6 Open Parking Spaces
- 6 Parking Spaces
- Parking Available
- Driveway
- Paved Parking
Utilities
- Central Heating and Cooling System
- Tankless Water Heater
- Gas Water Heater
Additional Features
- Rain Gutters
- Property is near a park
Listing and Financial Details
- Tenant pays for all utilities, electricity, grounds care, HVAC maintenance, janitorial service, repairs, sewer, trash collection, water
- Assessor Parcel Number 004094023000
Community Details
Overview
- No Home Owners Association
- Property is near a preserve or public land
Recreation
- Dog Park
- Hiking Trails
- Bike Trail
Building Details
- 1 Leased Unit
- 1 Separate Electric Meter
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Insurance Expense $1,350
- Maintenance Expense $1,000
- Pest Control $25
- New Taxes Expense $10,175
- Operating Expense $12,525
- Gross Income $64,275
- Net Operating Income $64,275
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 31, 2023
Closed on
Dec 13, 2023
Sold by
Barraco Christine
Bought by
Winkle Jake
Seller's Agent
Travis Whitehead
Keller Williams Realty Chico Area
Buyer's Agent
Glenn Fry
Glenn Fry Real Estate
List Price
$920,000
Sold Price
$675,000
Premium/Discount to List
-$245,000
-26.63%
Views
274
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$209,416
Avg. Annual Appreciation
18.35%
Purchase Details
Listed on
Jun 3, 2022
Closed on
Jul 7, 2022
Sold by
Perkins John W and Perkins Jennifer
Bought by
Winkle Jake
Seller's Agent
Mike McCrady
Michael McCrady, Broker
Buyer's Agent
Mike McCrady
Michael McCrady, Broker
List Price
$925,000
Sold Price
$850,000
Premium/Discount to List
-$75,000
-8.11%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-14.98%
Purchase Details
Listed on
Jul 20, 2020
Closed on
Sep 16, 2020
Sold by
Mccrady Michael W and Mccrady Elizabeth H
Bought by
Perkins John W and Perkins Jennifer
Seller's Agent
Mike McCrady
Michael McCrady, Broker
Buyer's Agent
Mike McCrady
Michael McCrady, Broker
List Price
$925,000
Sold Price
$775,000
Premium/Discount to List
-$150,000
-16.22%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.21%
Original Mortgage
$510,400
Interest Rate
2.8%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 10, 2012
Sold by
Mccrady Michael W and Mccrady Elizabeth H
Bought by
Mccrady Michael W and Mccrady Elizabeth H
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$404,000
Interest Rate
3.37%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 22, 2010
Sold by
Mccrady Michael and Mccrady Elizabeth H
Bought by
Deromedi Dennis Allen and Deromedi Eddi Gail
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
4.82%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jan 28, 2008
Sold by
Beta House Corp Chico
Bought by
Mccrady Michael and Mccrady Elizabeth H
Purchase Details
Closed on
Jan 14, 1994
Sold by
Fortino Robert S and Fortino Nancy D
Bought by
Beta House Corp Chico
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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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | Fidelity National Title Compan | |
| Grant Deed | $850,000 | Fidelity National Title Compan | |
| Grant Deed | $850,000 | Mid Valley Title | |
| Grant Deed | $775,000 | Fidelity National Title Co | |
| Interfamily Deed Transfer | -- | Fidelity Natl Title Co Of Ca | |
| Interfamily Deed Transfer | -- | Fidelity Natl Title Co Of Ca | |
| Grant Deed | $175,000 | Bidwell Title & Escrow Co | |
| Grant Deed | $388,000 | Bidwell Title & Escrow Co | |
| Grant Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $510,400 | New Conventional | |
| Previous Owner | $404,000 | New Conventional | |
| Previous Owner | $110,000 | Purchase Money Mortgage | |
| Previous Owner | $415,000 | Future Advance Clause Open End Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/19/2023 12/19/23 | Sold | $675,000 | -10.0% | $184 / Sq Ft |
| 12/09/2023 12/09/23 | Pending | -- | -- | -- |
| 11/28/2023 11/28/23 | Price Changed | $750,000 | -10.2% | $205 / Sq Ft |
| 10/09/2023 10/09/23 | Price Changed | $834,999 | -0.6% | $228 / Sq Ft |
| 09/11/2023 09/11/23 | Price Changed | $839,999 | -5.1% | $230 / Sq Ft |
| 08/24/2023 08/24/23 | Price Changed | $885,000 | -3.8% | $242 / Sq Ft |
| 07/31/2023 07/31/23 | For Sale | $920,000 | +8.2% | $251 / Sq Ft |
| 07/19/2022 07/19/22 | Sold | $850,000 | -8.1% | $232 / Sq Ft |
| 07/13/2022 07/13/22 | Pending | -- | -- | -- |
| 06/03/2022 06/03/22 | For Sale | $925,000 | +19.4% | $253 / Sq Ft |
| 09/21/2020 09/21/20 | Sold | $775,000 | -16.2% | $212 / Sq Ft |
| 07/31/2020 07/31/20 | Pending | -- | -- | -- |
| 07/20/2020 07/20/20 | For Sale | $925,000 | -- | $253 / 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 | $7,459 | $688,500 | $193,800 | $494,700 |
| 2024 | $7,459 | $675,000 | $190,000 | $485,000 |
| 2023 | $9,463 | $850,000 | $180,000 | $670,000 |
| 2022 | $8,836 | $790,500 | $183,600 | $606,900 |
| 2021 | $8,669 | $775,000 | $180,000 | $595,000 |
| 2020 | $7,467 | $662,385 | $188,679 | $473,706 |
| 2019 | $7,331 | $649,398 | $184,980 | $464,418 |
| 2018 | $7,197 | $636,665 | $181,353 | $455,312 |
| 2017 | $7,052 | $624,183 | $177,798 | $446,385 |
| 2016 | $6,435 | $611,945 | $174,312 | $437,633 |
| 2015 | $6,435 | $602,754 | $171,694 | $431,060 |
| 2014 | $6,110 | $575,000 | $165,000 | $410,000 |
Source: Public Records
Agents Affiliated with this Home
-
Travis Whitehead
Seller's Agent in 2023
Travis Whitehead
Keller Williams Realty Chico Area
(530) 615-7010
1 in this area
14 Total Sales
-
Lisa Bristow
Seller Co-Listing Agent in 2023
Lisa Bristow
Platinum Partners Real Estate
(530) 588-1336
8 in this area
324 Total Sales
-
Glenn Fry
Buyer's Agent in 2023
Glenn Fry
Glenn Fry Real Estate
(530) 518-3131
1 in this area
32 Total Sales
-
Mike McCrady
M
Seller's Agent in 2022
Mike McCrady
Michael McCrady, Broker
(530) 321-3726
3 in this area
31 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SN20144023
APN: 004-094-023-000
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