$672,000
SOLD OCT 13, 2017
16 Beds
8 Baths
5,376 Sq Ft
9,148 Sq Ft Lot

Recently Sold

$125 Per Sq Ft

6% Above List Price

12 Days on Market

Highlights

  • Open Floorplan
  • Main Floor Bedroom
  • Granite Countertops
  • Chico Junior High School Rated A-
  • Great Room
  • No HOA

About This Home

As of October 2021

Extremely well maintained and updated 4-plex consisting of 2 buildings, #3 and #4 Klondike Ct., each with (2) 4 bedroom/2 bath townhouse units with one bedroom and bath downstairs and 3 bedrooms and 1 bath upstairs. These units have been updated with granite counter tops, stainless appliances, tile flooring downstairs, recessed lighting, ceiling fans in all bedrooms, remodeled baths with tile surrounds and floors, granite counters and new sinks, toilets, and plubmbing fixtures, and have been freshly painted and carpet replaced or cleaned bewteen tenants. Recent other improvements include newer roofs, refurbished balconies, updated HVAC. The units are fully leased for 2017-2018.

Last Agent to Sell the Property

Lori Akers

Parkway Real Estate Co. License #01081260 Listed on: 08/31/2017

Parkway Real Estate Co.

Last Buyer's Agent

Lori Akers

Parkway Real Estate Co. License #01081260 Listed on: 08/31/2017

Parkway Real Estate Co.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,286

Year Built

  • Built in 1984 | Remodeled

Lot Details

  • 9,148 Sq Ft Lot
  • 1 Common Wall
  • Cul-De-Sac

Home Design

  • Quadruplex
  • Turnkey
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 5,376 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Ceiling Fan
  • Recessed Lighting
  • Sliding Doors
  • Great Room
  • Living Room with Fireplace
  • Laundry Room

Kitchen

  • Built-In Range
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 16 Bedrooms
  • Main Floor Bedroom
  • 8 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces
  • Parking Available
  • Parking Lot
  • Unassigned Parking

Location

  • Urban Location

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Assessor Parcel Number 043162028000

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Fuel Expense $258
  • Gardener Expense $1,400
  • Insurance Expense $1,882
  • Maintenance Expense $700
  • Pest Control $80
  • Professional Management Expense $2,686
  • Trash Expense $2,017
  • Water Sewer Expense $2,750
  • New Taxes Expense $7,938
  • Operating Expense $19,711
  • Gross Income $62,400
  • Net Operating Income $42,700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,286

Year Built

Built in 1984 | Remodeled

Lot Details

0

Listing Details

  • CapRate: 7.00
  • Inclusions: Refrigerators
  • Professional Management Expense: 2686.00
  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Water Sewer Expenses: 2750.00
  • Zoning: 00
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1400.00
  • Parcel Number: 043162028000
  • Year Built: 1984
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Ceiling Fan(s), Granite Counters, Open Floorplan, Recessed Lighting
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Door Features: Sliding Doors
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 125.00
  • Room Type: Great Room, Main Floor Bedroom

Exterior Features

  • Foundation: Slab
  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Parking: Yes
  • Parking Features: Unassigned, Uncovered, Parking Space
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 8.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Built-In Range, Dishwasher, Electric Range, Disposal, Refrigerator
  • Heating Type: Central, Forced Air, Natural Gas
  • Laundry Features: Community
  • Pest Control Expense: 80.00
  • Sewer: Public Sewer
  • Trash Expense: 2017.00
  • Water Source: Public
  • Cooling: Central Air, Electric
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Cul-De-Sac
  • Lot Size Sq Ft: 9148.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Fuel Expense: 258.00
  • Gross Income: 62400.00
  • Gross Scheduled Income: 62400.00
  • Insurance Expense: 1882.00
  • Maintenance Expense: 700.00
  • Net Operating Income: 42700.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Dishwasher: 4
  • Number With Disposal: 4
  • Number With Patio: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 19700.00
  • Rent Control: No
  • Total Actual Rent: 5200.00
  • Total Expenses: 19711.00

Tax Info

  • New Taxes Expense: 7938.00
  • Tax Census Tract: 6.04

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 30, 2021
Closed on
Oct 7, 2021
Sold by
Rudolph Richard and Rudolph Monica
Bought by
Hubbard Thomas K and The Thomas K Hubbard Living Tr
Seller's Agent
Lori Akers
Parkway Real Estate Co.
Buyer's Agent
Cindy Haskett
Century 21 Select Paradise
List Price
$995,000
Sold Price
$980,000
Premium/Discount to List
-$15,000
-1.51%
Current Estimated Value
$880,473

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$99,527
Avg. Annual Appreciation
-4.04%
Original Mortgage
$480,000
Outstanding Balance
$373,770
Interest Rate
2.1%
Mortgage Type
New Conventional
Estimated Equity
$458,929

Purchase Details

Listed on
Aug 31, 2017
Closed on
Sep 29, 2017
Sold by
Littell William F and Littell Judith A
Bought by
Rudolph Richard and Rudolph Monica
Seller's Agent
Lori Akers
Parkway Real Estate Co.
Buyer's Agent
Lori Akers
Parkway Real Estate Co.
List Price
$635,000
Sold Price
$672,000
Premium/Discount to List
$37,000
5.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.87%
Original Mortgage
$310,000
Interest Rate
3.82%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 3, 1999
Sold by
Littell William F and Littell Judith A
Bought by
Littell William F and Littell Judith A

Purchase Details

Closed on
Dec 8, 1997
Sold by
Ellen B M and Ellen Phyllis
Bought by
Federal National Mortgage Association

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,750
Interest Rate
7.33%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 23, 1997
Sold by
Federal National Mortgage Association
Bought by
Littell William and Littell Judith

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,750
Interest Rate
7.33%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 7, 1997
Sold by
Ellen B M and Ellen Phyllis
Bought by
Federal National Mortgage Association
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Grant Deed $980,000 Mid Valley Title & Escrow Co
Grant Deed $672,000 Mid Valley Title & Escrow Co
Interfamily Deed Transfer -- --
Trustee Deed $192,620 Bidwell Title Escrow
Grant Deed $145,000 Bidwell Title & Escrow Compa
Trustee Deed $192,620 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $480,000 New Conventional
Previous Owner $310,000 New Conventional
Previous Owner $108,750 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/14/2021 10/14/21 Sold $980,000 -1.5% $182 / Sq Ft
09/12/2021 09/12/21 Pending -- -- --
08/30/2021 08/30/21 For Sale $995,000 +48.1% $185 / Sq Ft
10/13/2017 10/13/17 Sold $672,000 +5.8% $125 / Sq Ft
09/12/2017 09/12/17 Pending -- -- --
08/31/2017 08/31/17 For Sale $635,000 -- $118 / 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 $11,286 $1,039,860 $206,935 $832,925
2024 $11,286 $1,017,511 $202,878 $814,633
2023 $11,153 $999,560 $198,900 $800,660
2022 $10,977 $980,000 $195,000 $785,000
2021 $7,927 $706,289 $136,653 $569,636
2020 $7,905 $699,068 $135,252 $563,816
2019 $7,763 $685,400 $132,600 $552,800
2018 $7,621 $672,000 $130,000 $542,000
2017 $2,479 $213,849 $63,275 $150,574
2016 $2,268 $209,696 $62,035 $147,661
2015 $2,268 $206,578 $61,104 $145,474
2014 $2,215 $202,572 $59,908 $142,664
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CH17201629

California Regional Multiple Listing Service (CRMLS)

APN: 043-162-028-000