NOT LISTED FOR SALE

557 Nord Ave Chico, CA 95926

3 Beds
3 Baths
21,118 Sq Ft
1 Acres

Last Sold March 01, 2018

Last sale price $5,200,000 $246 Per Sq Ft

Highlights

  • Newly Remodeled
  • Two Primary Bedrooms
  • Main Floor Bedroom
  • Chico Junior High School Rated A-
  • Contemporary Architecture
  • High Ceiling

About This Home

As of March 2018

BRAND NEW!! 18 THREE BEDROOM THREE BATH UNITS WITH GRANITE COUNTER TOPS, VINYL PLANK FLOORING, TANKLESS WATER HEATERS WITH FULL SIZE WASHERS AND DRYERS IN EVERY UNIT. APARTMENTS ALSO HAVE STAINLESS STEEL APPLIANCES AND 9 FOOT CEILINGS. LOCATED NEXT TO A MAIN BIKE PATH THAT RUNS TO THE HEART OF CAMPUS. ALL UNITS HAVE SEPARATE METERS INCLUDING WATER, GAS AND ELECTRIC. EVERYTHING IS UNDER WARRANTY AND CONSTRUCTION WAS COMPLETED IN AUGUST OF 2017. NOTE, EVERY BEDROOM HAS ITS OWN BATHROOM AND THIS IS A HUGE AMENITY FOR COLLEGE STUDENTS.

Last Agent to Sell the Property

Jim Aguilar

Century 21 Select Real Estate, Inc. License #01862725 Listed on: 10/26/2017

Century 21 Select Real Estate, Inc.

Last Buyer's Agent

Non Member

Non Member Office

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2017 | Newly Remodeled

Lot Details

  • 1 Acre Lot
  • Two or More Common Walls
  • Fenced
  • Fence is in excellent condition
  • Landscaped
  • Paved or Partially Paved Lot
  • Level Lot
  • Sprinklers on Timer
  • Density is 16-20 Units/Acre

Home Design

  • Contemporary Architecture
  • Apartment
  • Turnkey
  • Slab Foundation
  • Fire Rated Drywall
  • Blown-In Insulation
  • Composition Roof
  • Lap Siding
  • HardiePlank Type
  • Stucco

Interior Spaces

  • 21,118 Sq Ft Home
  • 2-Story Property
  • High Ceiling
  • Ceiling Fan
  • Recessed Lighting
  • Double Pane Windows
  • Blinds
  • Window Screens
  • Panel Doors
  • Living Room
  • Neighborhood Views

Kitchen

  • Free-Standing Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Main Floor Bedroom
  • Double Master Bedroom
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • Parking Available
  • Unassigned Parking

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • Underground Utilities
  • Natural Gas Connected
  • Tankless Water Heater
  • Gas Water Heater
  • Cable TV Available

Additional Features

  • Doors swing in
  • Urban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, sewer, water
  • Assessor Parcel Number 043290010000

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 18 Units

Building Details

  • 16 Leased Units
  • 19 Separate Electric Meters
  • 18 Separate Gas Meters
  • 19 Separate Water Meters
  • Electric Expense $828
  • Gardener Expense $2,400
  • Insurance Expense $3,000
  • Pest Control $2,160
  • Professional Management Expense $19,440
  • Trash Expense $2,400
  • Water Sewer Expense $1,200
  • New Taxes Expense $45,000
  • Operating Expense $76,460
  • Gross Income $388,800
  • Net Operating Income $300,676

Property Details

Home Type

Multi-Family

Year Built

Built in 2017 | Newly Remodeled

Lot Details

0

Listing Details

  • Assessments: Yes
  • Professional Management Expense: 19440.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained, Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 1200.00
  • Zoning: R3
  • Architectural Style: Contemporary
  • New Construction: Yes
  • Property Condition: Turnkey
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 2400.00
  • Parcel Number: 043290010000
  • Year Built: 2017
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s), Granite Counters, High Ceilings, Recessed Lighting
  • Stories: 2
  • Entry Location: GROUND
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Vinyl
  • Accessibility Features: Doors - Swing In, See Remarks
  • Appliances: Yes
  • Door Features: Panel Doors
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 246.24
  • Room Type: Kitchen, Laundry, Living Room, Main Floor Bedroom, Master Bathroom, Master Bedroom, Two Masters
  • Window Features: Blinds, Double Pane Windows, Screens

Exterior Features

  • Foundation: Slab
  • Exterior Features: Rain Gutters
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Excellent Condition
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Blown-In Insulation, Drywall Walls, Hardiplank Type, Lap Siding, Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: Unassigned

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Underground Utilities, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Free-Standing Range, Disposal, Gas Water Heater, Ice Maker, Microwave, Refrigerator, Tankless Water Heater
  • Electric: Standard
  • Heating Type: Central, Natural Gas
  • Laundry Features: Dryer Included, Inside, Washer Included
  • Pest Control Expense: 2160.00
  • Sewer: Public Sewer
  • Trash Expense: 2400.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Gutters, Sidewalks, Storm Drains, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 16-20 Units/Acre, Landscaped, Lot Over 40000 Sqft, Level, Paved, Sprinkler System, Sprinklers Timer
  • Lot Size Sq Ft: 43560.00

Rental Info

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

Multi Family

  • Average3 Bed Area: 1173 Square Feet
  • Electric Expense: 828.00
  • Gross Income: 388800.00
  • Gross Scheduled Income: 388800.00
  • Insurance Expense: 3000.00
  • Net Operating Income: 300676.00
  • Number Of Separate Electric Meters: 19
  • Number Of Separate Gas Meters: 18
  • Number Of Separate Water Meters: 19
  • Number Of Units Leased: 16
  • Number Of Units Total: 18
  • Number With Carpet: 18
  • Number With Dishwasher: 18
  • Number With Disposal: 18
  • Number With Range: 18
  • Number With Refrigerator: 18
  • Operating Expense: 76460.00
  • Rent Control: No
  • Total Actual Rent: 28800.00
  • Total Expenses: 76460.00
  • Vacancy Allowance: 11664
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 45000.00
  • Tax Census Tract: 5.02

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/01/2018 03/01/18 Sold $5,200,000 -3.7% $246 / Sq Ft
10/26/2017 10/26/17 Pending -- -- --
10/26/2017 10/26/17 For Sale $5,400,000 -- $256 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jim Aguilar

    Seller's Agent in 2018

    Jim Aguilar

    Century 21 Select Real Estate, Inc.

    (530) 519-4714

    22 Total Sales

    Section Image

  • N

    Buyer's Agent in 2018

    Non Member

    Non Member Office

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN17244691

California Regional Multiple Listing Service (CRMLS)

California Butte County Chico 95926

557 Nord Ave, Chico, CA

This home is located at 557 Nord Ave, Chico, CA 95926 since 26 October 2017. This property was built in 2017. 557 Nord Ave is a home located in Butte County with nearby schools including Emma Wilson Elementary School, Chico Junior High School, and Chico High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

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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