NOT LISTED FOR SALE

563 Morgan Dr Chico, CA 95973

Estimated Value: $511,000 - $583,000

6 Beds
4 Baths
2,538 Sq Ft
$213/Sq Ft Est. Value

Last Sold May 20, 2013

Last sale price $290,000 $114 Per Sq Ft

Est. 87% increase in value since last sale

Current estimated payment $3,217/month

57 Days on Market

Highlights

  • No HOA
  • Bidwell Junior High School Rated A-
  • Central Heating and Cooling System

About This Home

As of May 2013

Nice and clean 3 bedroom 2 bath Duplex with single car garage for each unit and fenced back yard. Tile floors & granite counter top. Units are very well kept and in good condition.

Last Agent to Sell the Property

Paul Farsai

California Top Brokers, Inc. License #01787279 Listed on: 09/14/2012

Last Buyer's Agent

Kristin Pankhurst

Chico Lifestyle Real Estate License #01477045

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2006

Lot Details

  • 6,098 Sq Ft Lot
  • Two or More Common Walls
  • Sprinklers on Timer

Parking

  • 1 Car Garage

Home Design

  • 2,538 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Additional Features

  • Rain Gutters
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 007220043000

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $1,400
  • Insurance Expense $797
  • Trash Expense $600
  • Water Sewer Expense $960
  • New Taxes Expense $3,400
  • Gross Income $2,300
  • Net Operating Income $19,393

Property Details

Home Type

Multi-Family

Year Built

Built in 2006

Lot Details

0

Parking

1

Listing Details

  • Inclusions: Refrigrator, Washer and Dryer
  • Property Attached: Yes
  • Water Sewer Expenses: 960.00
  • Property Type: Residential Income
  • Parcel Number: 007220043000
  • Year Built: 2006
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 114.26

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Connected, Water Available
  • Heating: Yes
  • Heating Type: Central
  • Trash Expense: 600.00
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Community Features: Curbs, Gutters

Lot Info

  • Lot Features: Sprinklers Timer
  • Lot Size Sq Ft: 6098.00
  • Lot Size Acres: 0.1400

Multi Family

  • Electric Expense: 1400.00
  • Gross Income: 2300.00
  • Gross Scheduled Income: 27000.00
  • Insurance Expense: 797.00
  • Lot Size Area: 6098.0000 Square Feet
  • Net Operating Income: 19393.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 7607.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 3400.00
  • Taxes Percent: 1.10
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 1, 2013
Sold by
Corbin William Dean
Bought by
Corbin William Dean and Joy Devora
Current Estimated Value
$540,981

Purchase Details

Listed on
Sep 14, 2012
Closed on
May 13, 2013
Sold by
Brewster Nelson Ross and Brewster Conny
Bought by
Corbin William Dean
Seller's Agent
Paul Farsai
California Top Brokers, Inc.
Buyer's Agent
Kristin Pankhurst
Chico Lifestyle Real Estate
List Price
$283,000
Sold Price
$290,000
Premium/Discount to List
$7,000
2.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.01%
Original Mortgage
$217,500
Outstanding Balance
$154,261
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$386,720

Purchase Details

Listed on
Sep 14, 2012
Closed on
May 9, 2013
Sold by
Corbin Devora Joy and Corbin Devora S
Bought by
Corbin William Dean
Seller's Agent
Paul Farsai
California Top Brokers, Inc.
Buyer's Agent
Kristin Pankhurst
Chico Lifestyle Real Estate
List Price
$283,000
Sold Price
$290,000
Premium/Discount to List
$7,000
2.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$217,500
Outstanding Balance
$154,261
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$386,720
Source: Public Records

Range of Values:

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

Date Buyer Sale Price Title Company
Corbin William Dean -- None Available
Corbin William Dean $290,000 Fidelity Natl Title Co Of Ca
Corbin William Dean -- Fidelity Natl Title Co Of Ca
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Corbin William Dean $217,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/20/2013 05/20/13 Sold $290,000 +2.5% $114 / Sq Ft
11/10/2012 11/10/12 Pending -- -- --
09/14/2012 09/14/12 For Sale $283,000 -- $112 / 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 $4,895 $406,358 $153,922 $252,436
2024 $4,895 $398,391 $150,904 $247,487
2023 $4,793 $390,581 $147,946 $242,635
2022 $4,598 $382,924 $145,046 $237,878
2021 $4,614 $375,416 $142,202 $233,214
2020 $4,603 $371,567 $140,744 $230,823
2019 $4,520 $364,283 $137,985 $226,298
2018 $4,408 $357,141 $135,280 $221,861
2017 $4,288 $350,139 $132,628 $217,511
2016 $3,894 $343,275 $130,028 $213,247
2015 $3,895 $338,119 $128,075 $210,044
2014 $3,851 $331,497 $125,567 $205,930
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CH12138837

California Regional Multiple Listing Service (CRMLS)

APN: 007-220-043-000

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