Seller's Agent in 2024
Ryan Vaught
Ryno Company
(530) 343-2959
4 in this area
15 Total Sales
511 W 5th St Chico, CA 95928
South Campus NeighborhoodEstimated Value: $630,000 - $777,000
5
Beds
2
Baths
2,465
Sq Ft
$297/Sq Ft
Est. Value
Highlights
- No HOA
- Laundry Room
- 4-minute walk to Rotary Park
- Chico Junior High School Rated A-
- 1-Story Property
About This Home
As of March 2024This charming duplex is a rare find. This student property is located in Downtown, practically across the street from CSUC. It is 100% occupied and has been meticulously maintained by one owner over decades. Recent updates include new paint, new custom front doors, new water heater, and new high efficiency ducted split HVAC for each unit. The property also has rear off street parking and a garage. Interior features include wood floors, period style finishes, washer/dryer in both units, and all appliances included. The property is located near Downtown and CSUC, close to public transportation, shopping, and dining. It is a great rental income potential and perfect investment opportunity. It’s one of a kind! Additionally units may be built in rear where garage is located, buyer to verify. Seller financing may be available. Some photos were taken prior to new doors, HVAC and paint. Full investment package and financials in supplemental documents.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,754
Year Built
- Built in 1929
Lot Details
- 5,663 Sq Ft Lot
- 1 Common Wall
- Density is up to 1 Unit/Acre
Parking
- 3 Car Garage
- Parking Available
- Assigned Parking
Home Design
- Duplex
- Entry on the 1st floor
Interior Spaces
- 5 Bedrooms
- 2,465 Sq Ft Home
- 1-Story Property
Laundry
- Laundry Room
- Dryer
- Washer
Outdoor Features
- Rain Gutters
Listing and Financial Details
- Assessor Parcel Number 004213005000
Community Details
Overview
- No Home Owners Association
- 2 Units
Building Details
- 2 Leased Units
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $1,800
- Insurance Expense $1,500
- Maintenance Expense $2,500
- Professional Management Expense $4,041
- Trash Expense $900
- Water Sewer Expense $1,800
- New Taxes Expense $9,300
- Operating Expense $10,921
- Gross Income $4,340
- Net Operating Income $28,676
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 12, 2023
Closed on
Mar 4, 2024
Sold by
North Riverbend Llc
Bought by
Gregory B Andrews 2015 Revocable Trust and Andrews
Seller's Agent
Ryan Vaught
Ryno Company
Buyer's Agent
Teresa Larson
Parkway Real Estate Co.
List Price
$775,000
Sold Price
$745,000
Premium/Discount to List
-$30,000
-3.87%
Views
85
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
-$14,008
Avg. Annual Appreciation
1.69%
Original Mortgage
$447,000
Outstanding Balance
$440,502
Interest Rate
6.69%
Mortgage Type
New Conventional
Estimated Equity
$324,306
Purchase Details
Closed on
Mar 23, 2022
Sold by
Johnson Jeffrey G and Johnson Suzanne
Bought by
North Riverbend Llc
Purchase Details
Closed on
Apr 4, 2019
Sold by
Johnson Jeffrey G and Johnson Suzanne M
Bought by
Johnson Jeffrey G and Johnson Suzanne M
Purchase Details
Closed on
Jul 18, 2001
Sold by
Johnson Jeff G and Johnson Suzanne
Bought by
Lspi Exchange Corp
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Gregory B Andrews 2015 Revocable Trust | $745,000 | Old Republic Title | |
| North Riverbend Llc | -- | None Listed On Document | |
| Johnson Jeffrey G | -- | None Available | |
| Lspi Exchange Corp | -- | Fidelity National Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Gregory B Andrews 2015 Revocable Trust | $447,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/08/2024 03/08/24 | Sold | $745,000 | -3.9% | $302 / Sq Ft |
| 01/22/2024 01/22/24 | Pending | -- | -- | -- |
| 12/12/2023 12/12/23 | For Sale | $775,000 | -- | $314 / 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 | $1,754 | $759,900 | $193,800 | $566,100 |
| 2024 | $1,754 | $157,921 | $58,556 | $99,365 |
| 2023 | $1,733 | $154,825 | $57,408 | $97,417 |
| 2022 | $1,705 | $151,790 | $56,283 | $95,507 |
| 2021 | $1,673 | $148,815 | $55,180 | $93,635 |
| 2020 | $1,668 | $147,290 | $54,615 | $92,675 |
| 2019 | $1,638 | $144,403 | $53,545 | $90,858 |
| 2018 | $1,608 | $141,573 | $52,496 | $89,077 |
| 2017 | $1,575 | $138,798 | $51,467 | $87,331 |
| 2016 | $1,438 | $136,077 | $50,458 | $85,619 |
| 2015 | $1,438 | $134,034 | $49,701 | $84,333 |
| 2014 | $1,403 | $131,410 | $48,728 | $82,682 |
Source: Public Records
Agents Affiliated with this Home
-
Ryan Vaught
-
Teresa Larson
Buyer's Agent in 2024
Teresa Larson
Parkway Real Estate Co.
(530) 899-5925
1 in this area
129 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SN23224261
APN: 004-213-005-000
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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