NOT LISTED FOR SALE

567 Morgan Dr Chico, CA 95973

Estimated Value: $545,631 - $677,000

6 Beds
4 Baths
2,538 Sq Ft
$231/Sq Ft Est. Value

Last Sold November 21, 2023

Last sale price $515,000 $203 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $3,628/month

4 Days on Market

Highlights

  • No HOA
  • 2 Car Direct Access Garage
  • Laundry Room
  • Bidwell Junior High School Rated A-
  • Up Slope from Street
  • Tile Flooring

About This Home

As of November 2023

Great investment opportunity or take advantage of being an owner occupant and live in one and rent the other! Each unit is a 3/2 with laundry, granite counters, attached 1 car garages and private backyard spaces for each tenant. Rents are below market.

Last Agent to Sell the Property

Kim Jergentz

Parkway Real Estate Co. License #01059248 Listed on: 10/20/2023

Last Buyer's Agent

Hobie Jensen

Parkway Real Estate Co. License #01990048

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,181

Year Built

  • Built in 2006

Lot Details

  • 6,098 Sq Ft Lot
  • 1 Common Wall

Parking

  • 2 Car Direct Access Garage
  • Parking Available
  • Up Slope from Street

Home Design

  • Duplex

Interior Spaces

  • 2,538 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Laundry Room

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • All Upper Level Bedrooms
  • 4 Bathrooms

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 007220044000

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • Trash Expense $663
  • Water Sewer Expense $1,831
  • Gross Income $33,223
  • Net Operating Income $24,433

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,181

Year Built

Built in 2006

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Other Phone Description: Tenants
  • Price Per Unit: 269500
  • Property Attached: Yes
  • Subdivision Name Other: Baltar Estates
  • Water Sewer Expenses: 1831.00
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 007220044000
  • Year Built: 2006
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s)
  • Stories: 2
  • Entry Location: street
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Tile
  • Levels: Two
  • Price Per Square Foot: 202.92
  • Room Type: All Bedrooms Up

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Direct Garage Access
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 663.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Up Slope from Street
  • Lot Size Sq Ft: 6098.00
  • Lot Size Acres: 0.1400

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 33223.00
  • Gross Scheduled Income: 33223.00
  • Lot Size Area: 6098.0000 Square Feet
  • Net Operating Income: 24433.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number With Dishwasher: 2
  • Number With Disposal: 2
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 8789.00
  • Rent Control: No
  • Total Actual Rent: 2825.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 20, 2023
Closed on
Nov 15, 2023
Sold by
Vinson Family Trust
Bought by
Pekarek Family Trust and Pekarek
Seller's Agent
Kim Jergentz
Parkway Real Estate Co.
Buyer's Agent
Hobie Jensen
Parkway Real Estate Co.
List Price
$539,000
Sold Price
$515,000
Premium/Discount to List
-$24,000
-4.45%
Views
21
Current Estimated Value
$587,158

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$72,158
Avg. Annual Appreciation
7.15%

Purchase Details

Closed on
Sep 12, 2016
Sold by
Vinson Thomas Edward and Vinson Judith Paull
Bought by
Vinson Thomas E and Vinson Judith P

Purchase Details

Listed on
Aug 1, 2012
Closed on
Oct 25, 2012
Sold by
Brewster Nelson Ross and Brewster Conny
Bought by
Vinson Thomas Edward and Vinson Judith Paull
Seller's Agent
Paul Farsai
California Top Brokers, Inc.
Buyer's Agent
Kristin Pankhurst
Chico Lifestyle Real Estate
List Price
$274,500
Sold Price
$286,000
Premium/Discount to List
$11,500
4.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.71%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Pekarek Family Trust $515,000 Mid Valley Title & Escrow
Vinson Thomas E -- None Available
Vinson Thomas Edward $286,500 Fidelity Natl Title Co Of Ca
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/21/2023 11/21/23 Sold $515,000 -4.5% $203 / Sq Ft
10/24/2023 10/24/23 Pending -- -- --
10/20/2023 10/20/23 For Sale $539,000 +88.5% $212 / Sq Ft
11/02/2012 11/02/12 Sold $286,000 +4.2% $113 / Sq Ft View Prior Sale
08/13/2012 08/13/12 Pending -- -- --
08/01/2012 08/01/12 For Sale $274,500 -- $108 / 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 $6,181 $525,300 $193,800 $331,500
2024 $6,181 $515,000 $190,000 $325,000
2023 $4,220 $339,094 $106,519 $232,575
2022 $4,034 $332,446 $104,431 $228,015
2021 $4,061 $325,929 $102,384 $223,545
2020 $4,052 $322,588 $101,335 $221,253
2019 $3,978 $316,264 $99,349 $216,915
2018 $3,876 $310,063 $97,401 $212,662
2017 $3,768 $303,985 $95,492 $208,493
2016 $3,419 $298,025 $93,620 $204,405
2015 $3,420 $293,549 $92,214 $201,335
2014 $3,387 $287,800 $90,408 $197,392
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN23195343

California Regional Multiple Listing Service (CRMLS)

APN: 007-220-044-000