NOT LISTED FOR SALE

527 Madrone Ave Chico, CA 95926

Estimated Value: $758,457 - $785,000

3 Beds
2 Baths
2,668 Sq Ft
$289/Sq Ft Est. Value

Last Sold November 12, 2024

Last sale price $749,000 $281 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $4,337/month

34 Days on Market

Highlights

  • Fireplace in Primary Bedroom
  • Deck
  • No HOA
  • Sierra View Elementary School Rated A
  • Property is near park
  • Neighborhood Views

About This Home

As of November 2024

This charming home for sale is ideally located just a 2 to 3 minute walk from Bidwell Park, offering a convenient escape to nature. Additionally, Sierra view Elementary is only a 1-minute walk away. With a sizeable living space of 2668 square feet, this three-bedroom, two-bathroom home has been recently updated with fresh paint and bathroom renovations. The home features a new composition roof, ensuring durability and longevity. Inside, the open floor plan seamlessly connects the kitchen, living room, and family room, providing ample space for entertaining and relaxation. One of the bedrooms includes an exterior door, offering the flexibility to use it as an office space if desired. Furthermore, there is a dedicated office area within the home, providing an additional space for work or study. Situated on a generous .41-acre lot, this property offers plenty of room for outdoor activities and potential additions such as a pool or workshop. The backyard features two sheds for storage, and the garage includes a convenient roll-up door at the front and back, allowing easy access for equipment and facilitating any future construction projects. The neighborhood surrounding this home is highly sought after due to its proximity to Bidwell Park and the esteemed Sierra view Elementary. The park provides endless opportunities for outdoor recreation, and the nearby school offers an excellent education for students in grades K through 5. With its desirable location and desirable features, this home presents a wonderful opportunity for those seeking both convenience and quality of life.

Last Agent to Sell the Property

Robert Hightower

Hightower Real Estate Group Brokerage Phone: 530-518-4440 License #01430163 Listed on: 09/03/2024

Co-Listed By

Bruce Smith

Hightower Real Estate Group Brokerage Phone: 530-518-4440 License #00756045

Last Buyer's Agent

Casey Smyth

NextHome North Valley Realty License #01941937

NextHome North Valley Realty

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1952

Lot Details

  • 0.42 Acre Lot
  • East Facing Home
  • Wood Fence
  • Landscaped
  • Rectangular Lot
  • Level Lot
  • Garden
  • Front Yard
  • Density is up to 1 Unit/Acre
  • Property is zoned R1

Parking

  • 2 Car Attached Garage
  • Parking Available
  • Front Facing Garage
  • Two Garage Doors
  • Driveway Level

Home Design

  • Entry on the 1st floor
  • Turnkey
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 2,668 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Double Pane Windows
  • Family Room with Fireplace
  • Living Room
  • Neighborhood Views
  • Laundry Room

Kitchen

  • Breakfast Bar
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • Fireplace in Primary Bedroom
  • 2 Full Bathrooms

Outdoor Features

  • Deck
  • Patio
  • Exterior Lighting
  • Shed
  • Porch

Location

  • Property is near park
  • Suburban Location

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 17
  • Assessor Parcel Number 045321011000
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association

Recreation

  • Park

Home Details

Home Type

Single Family

Year Built

Built in 1952

Lot Details

0

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: Yes
  • Zoning: R1
  • Architectural Style: Ranch
  • Property Condition: Turnkey
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 045321011000
  • Year Built: 1952
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2668.00 Square Feet
  • Interior Amenities: Ceiling Fan(s)
  • Stories: 1
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Eating Area: Breakfast Counter / Bar
  • Entry Level: 1
  • Fireplace Features: Family Room, Primary Bedroom
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 280.73
  • Room Type: All Bedrooms Down, Family Room, Living Room
  • Window Features: Double Pane Windows

Exterior Features

  • Patio: Yes
  • Direction Faces: East
  • Foundation: Slab
  • Other Structures: Shed(s)
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Wood
  • Patio And Porch Features: Deck, Porch
  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway, Driveway Level, Garage Faces Front, Garage - Two Door
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Park, Sidewalks, Storm Drains, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Front Yard, Garden, Landscaped, Lot 10000-19999 Sqft, Rectangular Lot, Level, Park Nearby
  • Lot Size Sq Ft: 18295.00
  • Lot Size Acres: 0.4200

Multi Family

  • Lease Considered: No
  • Lot Size Area: 18295.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 8.00
  • Tax Lot: 17

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 3, 2024
Closed on
Nov 5, 2024
Sold by
Merkley Margaret M and Merkley Michael D
Bought by
Clum Faren and Dominguez Dana
Seller's Agent
Robert Hightower
Hightower Real Estate Group
Buyer's Agent
Casey Smyth
NextHome North Valley Realty
List Price
$749,000
Sold Price
$749,000
Views
31
Current Estimated Value
$771,614

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$22,614
Avg. Annual Appreciation
2.49%
Original Mortgage
$711,550
Outstanding Balance
$703,212
Interest Rate
6.25%
Mortgage Type
New Conventional
Estimated Equity
$68,402

Purchase Details

Closed on
Aug 16, 2012
Sold by
Merkley Michael D and Merkley Margaret
Bought by
Merkley Margaret M and Merkley Michael D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,937
Interest Rate
3.5%
Mortgage Type
FHA

Purchase Details

Closed on
May 11, 2007
Sold by
Merkley Margaret
Bought by
Merkley Michael D and Merkley Margaret

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$231,200
Interest Rate
6.17%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 9, 2005
Sold by
Merkley Michael
Bought by
Merkley Margaret

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
1%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Clum Faren $749,000 Fidelity National Title Compan
Merkley Margaret M -- Bidwell Title & Escrow Co
Merkley Michael D -- Alliance Title Company
Merkley Margaret -- Orange Coast Title La Mirada
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Clum Faren $711,550
Previous Owner Merkley Margaret M $228,937
Previous Owner Merkley Michael D $231,200
Previous Owner Merkley Margaret $180,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/12/2024 11/12/24 Sold $749,000 0.0% $281 / Sq Ft
10/07/2024 10/07/24 Pending -- -- --
09/18/2024 09/18/24 For Sale $749,000 0.0% $281 / Sq Ft
09/17/2024 09/17/24 Price Changed $749,000 +2.6% $281 / Sq Ft
09/06/2024 09/06/24 Pending -- -- --
09/03/2024 09/03/24 For Sale $729,950 -- $274 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $3,913 $749,000 $210,000 $539,000
2024 $3,913 $353,479 $79,824 $273,655
2023 $4,233 $379,549 $78,259 $301,290
2022 $3,988 $356,255 $76,725 $279,530
2021 $3,732 $333,094 $75,221 $257,873
2020 $3,722 $329,679 $74,450 $255,229
2019 $3,654 $323,216 $72,991 $250,225
2018 $3,587 $316,879 $71,560 $245,319
2017 $3,515 $310,666 $70,157 $240,509
2016 $3,208 $304,576 $68,782 $235,794
2015 $3,208 $300,002 $67,749 $232,253
2014 $3,130 $294,126 $66,422 $227,704
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN24127467

California Regional Multiple Listing Service (CRMLS)

APN: 045-321-011-000