$580,000
SOLD NOV 25, 2025

550 Morgan Dr Chico, CA 95973

6 Beds
4 Baths
2,538 Sq Ft
6,098 Sq Ft Lot

Recently Sold

$229 Per Sq Ft

3% Below List Price

36 Days on Market

Highlights

  • Corner Lot
  • No HOA
  • Living Room
  • Bidwell Junior High School Rated A-
  • Walk-In Closet
  • Laundry Room

About This Home

As of November 2025

This is a great investment opportunity. Live in one side and rent the other or rent both. Each unit is two story. 3 bedrooms upstairs with ceiling fans and blinds, a full bathroom with shower/tub combo and linen closet. There is a stack washer/dryer upstairs in each unit. Nice fenced back yards and one car garages. Downstairs offers a nice tile entryway and under stairs storage. Full bathroom with tub/shower conbo. Access to one car garage makes it easy to bring in groceries. Living room with plenty of room for your furniture, a breakfast bar and nice size kitchen with nook near sliding door to your private backyard. Both units recently painted inside and recarpeted. Exterior recently repainted.

Last Agent to Sell the Property

Bonnie Shook

City of Trees Realty Brokerage Phone: 707-249-6592 License #00954393 Listed on: 09/19/2025

Last Buyer's Agent

Kim Tonge

Century 21 Select Real Estate, Inc. License #01318330

Century 21 Select Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2006

Lot Details

  • 6,098 Sq Ft Lot
  • 1 Common Wall
  • Wood Fence
  • Landscaped
  • Corner Lot
  • Sprinkler System
  • Back and Front Yard
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage
  • Parking Available
  • Single Garage Door
  • Driveway

Home Design

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

Interior Spaces

  • 2,538 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Entryway
  • Living Room
  • Fire and Smoke Detector

Kitchen

  • Range Hood
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • All Upper Level Bedrooms
  • Walk-In Closet
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Outdoor Features

  • Rain Gutters

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected
  • Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, sewer, trash collection, water
  • Assessor Parcel Number 007220039000
  • $4,096 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Gardener Expense $960
  • Insurance Expense $2,495
  • Maintenance Expense $4,549
  • Pest Control $200
  • New Taxes Expense $4,096
  • Operating Expense $12,300
  • Gross Income $45,600
  • Net Operating Income $30,490

Property Details

Home Type

Multi-Family

Year Built

Built in 2006

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Smoke Detector(s)
  • Subdivision Name Other: Baltar Estates
  • View: No
  • Property Condition: Turnkey
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 960.00
  • Parcel Number: 007220039000
  • Year Built: 2006
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s)
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 228.53
  • Room Type: All Bedrooms Up, Entry, Kitchen, Living Room, Walk-In Closet

Exterior Features

  • Foundation: Slab
  • Exterior Features: Rain Gutters
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway, Garage - Single Door
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Microwave, Range Hood, Refrigerator, Water Heater
  • Heating Type: Central
  • Laundry Features: Inside, Stackable
  • Pest Control Expense: 200.00
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Back Yard, Corner Lot, Front Yard, Landscaped, Sprinkler System
  • Lot Size Sq Ft: 6098.00
  • Lot Size Acres: 0.1400

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Sewer, Trash Collection, Water

Multi Family

  • Gross Income: 45600.00
  • Gross Scheduled Income: 45600.00
  • Insurance Expense: 2495.00
  • Lot Size Area: 6098.0000 Square Feet
  • Maintenance Expense: 4549.00
  • Net Operating Income: 30490.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number With Dishwasher: 2
  • Number With Disposal: 2
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 15110.00
  • Rent Control: No
  • Total Expenses: 12300.00

Tax Info

  • New Taxes Expense: 4096.00
  • TaxOtherAnnualAssessmentAmount: 4096.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 19, 2025
Closed on
Nov 20, 2025
Sold by
Ray And Bonnie Shook Living Trust and Shook Raymond R
Bought by
Feather River Tribal Health Inc
Seller's Agent
Bonnie Shook
City of Trees Realty
Buyer's Agent
Kim Tonge
Century 21 Select Real Estate, Inc.
List Price
$595,000
Sold Price
$580,000
Premium/Discount to List
-$15,000
-2.52%
Views
20

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.45%

Purchase Details

Listed on
Feb 16, 2012
Closed on
Oct 18, 2012
Sold by
Obrien Barbara V and Obrien Steven W
Bought by
Shook Raymond R and Shook Bonnie B
Seller's Agent
Dede Kauffman
Coldwell Banker C&C Properties
Buyer's Agent
Trudi Perry
Baywood Real Estate
List Price
$300,000
Sold Price
$270,000
Premium/Discount to List
-$30,000
-10%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.02%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Purchase History

Date Type Sale Price Title Company
Grant Deed $580,000 Mid Valley Title
Grant Deed $270,000 Mid Valley Title & Escrow Co
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/25/2025 11/25/25 Sold $580,000 -2.5% $229 / Sq Ft
10/25/2025 10/25/25 Pending -- -- --
10/21/2025 10/21/25 For Sale $595,000 0.0% $234 / Sq Ft
10/03/2025 10/03/25 Pending -- -- --
09/19/2025 09/19/25 For Sale $595,000 +120.4% $234 / Sq Ft
10/26/2012 10/26/12 Sold $270,000 -10.0% $106 / Sq Ft View Prior Sale
05/11/2012 05/11/12 Pending -- -- --
02/16/2012 02/16/12 For Sale $300,000 -- $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 $4,096 $332,472 $110,821 $221,651
2024 $4,096 $325,954 $108,649 $217,305
2023 $4,003 $319,564 $106,519 $213,045
2022 $3,820 $313,299 $104,431 $208,868
2021 $3,851 $307,157 $102,384 $204,773
2020 $3,843 $304,009 $101,335 $202,674
2019 $3,773 $298,049 $99,349 $198,700
2018 $3,675 $292,205 $97,401 $194,804
2017 $3,570 $286,477 $95,492 $190,985
2016 $3,238 $280,861 $93,620 $187,241
2015 $3,239 $276,643 $92,214 $184,429
2014 $3,212 $271,225 $90,408 $180,817
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN25221220

California Regional Multiple Listing Service (CRMLS)

APN: 007-220-039-000