NOT LISTED FOR SALE

Estimated Value: $485,000 - $597,000

5 Beds
2 Baths
2,710 Sq Ft
$197/Sq Ft Est. Value

Last Sold March 15, 2024

Last sale price $485,000 $179 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $3,155/month

4 Days on Market

Highlights

  • Wood Flooring
  • High Ceiling
  • Neighborhood Views
  • Chico Junior High School Rated A-
  • No HOA
  • 4-minute walk to Rotary Park

About This Home

As of March 2024

Ivestment Property! Great location, close to CSUC, schools, downtown, restaurants, bus stop. 527 unit has 3 bedroom 1 bath, wood floors, high ceilings, living room, kitchen with an eating nook. The 531 unit has 2 bedrooms and 1 bath, kitchen, living room area, inside laundry. There is a spacious basement with plenty of room for storage. Both units have rear parking which makes this nice for the tenants.

Last Agent to Sell the Property

Sandy Stoner

Century 21 Select Real Estate, Inc. Brokerage Phone: 530-514-5555 License #01131795 Listed on: 01/31/2024

Century 21 Select Real Estate, Inc.

Last Buyer's Agent

Mike McCrady

Michael McCrady, Broker License #01234296

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,846

Year Built

  • Built in 1920

Lot Details

  • 5,663 Sq Ft Lot
  • Property fronts an alley
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • Duplex
  • Entry on the 1st floor
  • Raised Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 2,710 Sq Ft Home
  • 2-Story Property
  • High Ceiling
  • Ceiling Fan
  • Entryway
  • Living Room
  • Neighborhood Views
  • Laundry Room
  • Basement

Kitchen

  • Gas Cooktop
  • Tile Countertops

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating
  • Water Heater

Listing and Financial Details

  • Tenant pays for electricity
  • Legal Lot and Block 4 / 81
  • Assessor Parcel Number 004213003000

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $22
  • Gardener Expense $2,160
  • Maintenance Expense $5,436
  • Other Expense $724
  • Professional Management Expense $5,337
  • Trash Expense $856
  • Water Sewer Expense $778
  • Operating Expense $14,589
  • Gross Income $44,480
  • Net Operating Income $29,567

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,846

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Price Per Unit: 247500
  • Professional Management Expense: 5337.00
  • Property Attached: Yes
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 778.00
  • Zoning: R3
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 2160.00
  • Parcel Number: 004213003000
  • Year Built: 1920
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s), High Ceilings, Tile Counters
  • Stories: 2
  • Entry Location: Front
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Vinyl, Wood
  • Appliances: Yes
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 178.97
  • Room Type: Basement, Entry, Kitchen, Living Room

Exterior Features

  • Foundation: Raised
  • View: Neighborhood
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Electricity Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Cooktop, Water Heater
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 856.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5663.00
  • Lot Size Acres: 0.1300

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Electric Expense: 22.00
  • Gross Income: 44480.00
  • Gross Scheduled Income: 44480.00
  • Lot Size Area: 5663.0000 Square Feet
  • Maintenance Expense: 5436.00
  • Net Operating Income: 29567.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number Wall A C: 2
  • Number With Carpet: 2
  • Number With Range: 2
  • Operating Expense: 14913.00
  • Other Expense: 724.00
  • Rent Control: No
  • Total Actual Rent: 3990.00
  • Total Expenses: 14589.00

Tax Info

  • Tax Block: 81
  • Tax Census Tract: 10.00
  • Tax Lot: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 31, 2024
Closed on
Feb 14, 2024
Sold by
Brooks Jill S and Brooks Jeffrey R
Bought by
Perkins 2001 Family Trust and Perkins
Seller's Agent
Sandy Stoner
Century 21 Select Real Estate, Inc.
Buyer's Agent
Mike McCrady
Michael McCrady, Broker
List Price
$495,000
Sold Price
$485,000
Premium/Discount to List
-$10,000
-2.02%
Views
14
Current Estimated Value
$534,585

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$49,585
Avg. Annual Appreciation
7.31%

Purchase Details

Closed on
Jul 16, 2001
Sold by
Johnson Jeff G and Johnson Suzanne
Bought by
Brooks Jeffrey R and Brooks Jill S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,000
Interest Rate
7.21%
Source: Public Records

Range of Values:

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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
Perkins 2001 Family Trust $485,000 Mid Valley Title
Brooks Jeffrey R $240,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Brooks Jeffrey R $192,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/15/2024 03/15/24 Sold $485,000 -2.0% $179 / Sq Ft
02/04/2024 02/04/24 Pending -- -- --
01/31/2024 01/31/24 For Sale $495,000 -- $183 / 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 $3,846 $494,700 $193,800 $300,900
2024 $3,846 $347,577 $108,613 $238,964
2023 $3,800 $340,763 $106,484 $234,279
2022 $3,740 $334,083 $104,397 $229,686
2021 $3,670 $327,533 $102,350 $225,183
2020 $3,659 $324,176 $101,301 $222,875
2019 $3,593 $317,820 $99,315 $218,505
2018 $3,527 $311,589 $97,368 $214,221
2017 $3,456 $305,480 $95,459 $210,021
2016 $3,154 $299,491 $93,588 $205,903
2015 $3,154 $294,994 $92,183 $202,811
2014 $3,078 $289,217 $90,378 $198,839
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN24022297

California Regional Multiple Listing Service (CRMLS)

APN: 004-213-003-000