NOT LISTED FOR SALE

Estimated Value: $530,000 - $646,000

7 Beds
3 Baths
2,561 Sq Ft
$222/Sq Ft Est. Value

Last Sold May 29, 2020

Last sale price $459,000 $179 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $3,412/month

3 Days on Market

Highlights

  • Contemporary Architecture
  • No HOA
  • Turnkey
  • Parkview Elementary School Rated A-
  • Laundry Room
  • Fenced

About This Home

As of May 2020

Super cute triplex in a great location close to downtown, Chico State and Bidwell Park! All three units have been recently updated yet still have some of the old original charm! Two units have new stainless steel appliances and new laminate wood floors. Units #1 and #3 have laundry rooms with washer and dryers. Each unit has individual private fenced patios complete with garden boxes. Low maintenance front yard landscaping and off street parking in the back. Solid rental history with low vacancy. Low expenses with room for additional rent increases. Guide yourself through the property with the 3D tour!

Last Agent to Sell the Property

Joan Heckerson

Re/Max of Chico License #01219323 Listed on: 04/21/2020

Re/Max of Chico

Last Buyer's Agent

Steven Depa

Re/Max of Chico License #00813533

Re/Max of Chico

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1935

Lot Details

  • 7,841 Sq Ft Lot
  • Two or More Common Walls
  • Fenced
  • Fence is in good condition
  • Density is 2-5 Units/Acre

Parking

  • 3 Parking Spaces

Home Design

  • 2,561 Sq Ft Home
  • Triplex
  • Contemporary Architecture
  • Turnkey
  • Composition Roof

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room

Listing and Financial Details

  • Assessor Parcel Number 004424005000

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $890
  • Trash Expense $267
  • Water Sewer Expense $1,080
  • New Taxes Expense $4,658
  • Operating Expense $6,895
  • Gross Income $38,256
  • Net Operating Income $37,925

Property Details

Home Type

Multi-Family

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained, Paved
  • View: No
  • Water Sewer Expenses: 1080.00
  • Architectural Style: Contemporary
  • Property Condition: Turnkey
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 004424005000
  • Year Built: 1935
  • Special Features: None

Interior Features

  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 179.23

Exterior Features

  • Fence: Yes
  • Fencing: Good Condition
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Sewer Connected
  • Laundry: Yes
  • Laundry Features: Individual Room, Inside
  • Sewer: Public Sewer
  • Trash Expense: 267.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 7840.80
  • Lot Size Acres: 0.1800

Multi Family

  • Gross Income: 38256.00
  • Gross Scheduled Income: 44820.00
  • Insurance Expense: 890.00
  • Lot Size Area: 0.1800 Acres
  • Net Operating Income: 37925.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 6895.00
  • Rent Control: No
  • Total Expenses: 6895.00

Tax Info

  • New Taxes Expense: 4658.00

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 21, 2020
Closed on
May 27, 2020
Sold by
Castro David M and Castro Kimberle J
Bought by
Livingston Angela S and Angela S Livingston Trust
Seller's Agent
Joan Heckerson
Re/Max of Chico
Buyer's Agent
Steven Depa
Re/Max of Chico
List Price
$459,000
Sold Price
$459,000
Current Estimated Value
$569,359

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$110,359
Avg. Annual Appreciation
3.87%

Purchase Details

Listed on
Feb 6, 2015
Closed on
Apr 28, 2015
Sold by
Eaton Castro Kimberlee J
Bought by
The Kimberlee J Eaton Castro Premarital
Seller's Agent
Steven Depa
Re/Max of Chico
Buyer's Agent
Joan Heckerson
Re/Max of Chico
List Price
$425,000
Sold Price
$380,000
Premium/Discount to List
-$45,000
-10.59%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.79%
Original Mortgage
$285,000
Interest Rate
3.73%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 5, 2014
Closed on
Jun 11, 2014
Sold by
Farnsworth Mervyn J and The Mervyn J Farnsworth & Mary
Bought by
Birchard Adam
Seller's Agent
Steven Depa
Re/Max of Chico
Buyer's Agent
Steven Depa
Re/Max of Chico
List Price
$165,000
Sold Price
$162,500
Premium/Discount to List
-$2,500
-1.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
162.57%
Original Mortgage
$100,000
Interest Rate
4.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 22, 1998
Sold by
Farnsworth Mervyn J and Farnsworth Mary
Bought by
Farnsworth Marvyn J and Farnsworth Mary
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Livingston Angela S $459,000 Mid Valley Title & Escrow Co
The Kimberlee J Eaton Castro Premarital -- Mid Valley Title & Escrow Co
Eaton Castro Kimberlee J -- Mid Valley Title & Escrow Co
Eaton Castro Kimberlee J $380,000 Mid Valley Title
Birchard Adam -- Mid Valley Title & Escrow Co
Birchard Adam $162,500 Mid Valley Title & Escrow Co
Farnsworth Marvyn J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Eaton Castro Kimberlee J $285,000
Previous Owner Birchard Adam $100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/29/2020 05/29/20 Sold $459,000 0.0% $179 / Sq Ft
04/24/2020 04/24/20 Pending -- -- --
04/21/2020 04/21/20 For Sale $459,000 +20.8% $179 / Sq Ft
04/30/2015 04/30/15 Sold $380,000 -10.6% $149 / Sq Ft View Prior Sale
03/16/2015 03/16/15 Pending -- -- --
02/06/2015 02/06/15 For Sale $425,000 +161.5% $167 / Sq Ft
06/13/2014 06/13/14 Sold $162,500 -1.5% $64 / Sq Ft View Prior Sale
05/09/2014 05/09/14 Pending -- -- --
05/05/2014 05/05/14 For Sale $165,000 -- $65 / 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 $5,470 $501,980 $164,045 $337,935
2024 $5,470 $492,138 $160,829 $331,309
2023 $5,406 $482,489 $157,676 $324,813
2022 $5,322 $473,030 $154,585 $318,445
2021 $5,219 $463,755 $151,554 $312,201
2020 $4,740 $417,592 $115,387 $302,205
2019 $4,657 $409,405 $113,125 $296,280
2018 $4,571 $401,378 $110,907 $290,471
2017 $4,475 $393,509 $108,733 $284,776
2016 $4,087 $385,794 $106,601 $279,193
2015 $2,623 $242,754 $107,097 $135,657
2014 -- $128,321 $45,476 $82,845
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN20076385

California Regional Multiple Listing Service (CRMLS)

APN: 004-424-005-000