NOT LISTED FOR SALE
12 Beds
7 Baths
4,156 Sq Ft
0.94 Acre Lot

Sale Details

Date Sold: March 2, 2018

Last sale price $560,000 $135 Per Sq Ft

8 Days on Market

Highlights

  • 40,946 Sq Ft lot
  • Mountainous Community
  • Wall Furnace
  • Cooling System Mounted To A Wall/Window
  • Laundry Facilities
  • Back Yard

About This Home

As of March 2018

A rare opportunity to obtain a beautifully remodeled 7 plex with frontage along the majestic Feather river and views of the Table Mountain foothills. Residents have a riverfront picnic area to watch the spawning salmon and the abundance of birds. There are three buildings with ample parking. Property is located on a culdesac just minutes from downtown. Each unit has been tastefully remodeled and has its own one car garage. Shared onsite laundry with maintenance free equipment.
IMPROVEMENTS
Two roofs are new. All windows are new dual pane. Ceiling fans in the bedrooms. Water saving fixtures. Water main and breaker panels replaced. Most water heaters, appliances, cabinets, counters and furnaces are new. All floor covering and interior/exterior paint redone. Each downstairs unit has fenced yard.

Last Agent to Sell the Property

Steven Depa

Re/Max of Chico License #00813533 Listed on: 02/05/2018

Re/Max of Chico

Last Buyer's Agent

Steven Depa

Re/Max of Chico License #00813533 Listed on: 02/05/2018

Re/Max of Chico
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1952

Lot Details

  • 40,946 Sq Ft Lot
  • Two or More Common Walls
  • Back Yard

Parking

  • 7 Car Garage

Home Design

  • 4,156 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 7 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Assessor Parcel Number 030170085000

Community Details

Overview

  • 3 Buildings
  • 7 Units
  • Mountainous Community

Amenities

  • Laundry Facilities

Building Details

  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $600
  • Insurance Expense $3,600
  • Professional Management Expense $5,184
  • Trash Expense $1,488
  • Water Sewer Expense $4,800
  • New Taxes Expense $5,950
  • Operating Expense $21,622
  • Gross Income $5,418
  • Net Operating Income $43,394

Property Details

Home Type

Multi-Family

Year Built

Built in 1952

Lot Details

0.94 Acres

Parking

7

Listing Details

  • Assessments: Yes
  • Professional Management Expense: 5184.00
  • Property Attached: Yes
  • Water Sewer Expenses: 4800.00
  • Property Type: Residential Income
  • Parcel Number: 030170085000
  • Year Built: 1952
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 134.74

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 7.00
  • Total Parking Spaces: 7.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 1488.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Mountainous

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard
  • Lot Size Sq Ft: 40946.00

Multi Family

  • Electric Expense: 600.00
  • Gross Income: 5418.00
  • Gross Scheduled Income: 65016.00
  • Insurance Expense: 3600.00
  • Net Operating Income: 43394.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 7
  • Operating Expense: 21622.00
  • Rent Control: No
  • Total Expenses: 21622.00

Tax Info

  • New Taxes Expense: 5950.00
  • Tax Census Tract: 37.00

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 5, 2018
Closed on
Mar 2, 2018
Sold by
Bought by
Seller's Agent
Steven Depa
Re/Max of Chico
Buyer's Agent
Steven Depa
Re/Max of Chico
List Price
$595,000
Sold Price
$560,000
Premium/Discount to List
-$35,000
-5.88%

Purchase Details

Closed on
May 31, 2016
Sold by
Bought by

Purchase Details

Closed on
Nov 12, 2015
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
3.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 5, 2015
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
3.8%
Mortgage Type
Commercial

Purchase Details

Closed on
May 5, 2015
Sold by
Bought by

Purchase Details

Closed on
Dec 18, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$186,000
Interest Rate
6.03%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$560,000 Mid Valley Title & Escrow Co
-- None Available
$70,000 Mid Valley Title & Escrow Co
-- Fidelity Natl Title Ins Co
$163,000 None Available
$299,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $140,000
Previous Owner $186,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
03/02/2018 03/02/18 Sold $560,000 -5.9% $135 / Sq Ft
02/13/2018 02/13/18 Pending -- -- --
02/05/2018 02/05/18 For Sale $595,000 -- $143 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $7,274 $636,491 $159,294 $477,197
2024 $7,034 $619,110 $156,171 $462,939
2023 $6,938 $611,971 $153,109 $458,862
2022 $6,716 $600,070 $150,107 $449,963
2021 $6,661 $588,403 $147,164 $441,239
2020 $6,632 $582,422 $145,656 $436,766
2019 $6,547 $571,100 $142,800 $428,300
2018 $2,391 $208,080 $78,030 $130,050
2017 $2,307 $204,000 $76,500 $127,500
2016 $2,264 $200,000 $75,000 $125,000
2015 $2,974 $275,000 $75,000 $200,000
2014 $3,043 $275,000 $75,000 $200,000
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN18027037

California Regional Multiple Listing Service (CRMLS)
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