NOT LISTED FOR SALE

Estimated Value: $554,516

0.5 Acre
$1,109,032 Price per Acre
21,780 Sq Ft Lot

Last Sold November 10, 2022

Last sale price $530,000 $24 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $3,403/month

33 Days on Market

Highlights

  • 0.5 Acre Lot
  • Chico Junior High School Rated A-
  • Level Lot

About This Lot

As of November 2022

Calling all creative developers! Selling in as-is condition. 0.5-acre property consisting of a vacant gas station and convenience store built in the early 70's. There is Environmental Clearance proof (gas tanks have been removed.) Adjacent to Mangrove Avenue, a main retail corridor in Chico. Plenty of inside storage with an office. Detached 350 SF garage/warehouse with potential to be leased separately; great for engine repair, plumbing, construction, or other small businesses. Easy access to Hwy 99, blocks away. Existing zoning is C1; great opportunity for redevelopment near a busy street. PVC roof is brand new.

Last Agent to Sell the Property

Marco Barretto

Compass License #02078316 Listed on: 07/14/2022

Compass

Last Buyer's Agent

Mazen Bahu

CENTURY 21 Masters License #01004992

CENTURY 21 Masters

Property Details

Property Type

  • Land

Lot Details

  • 0.5 Acre Lot
  • Level Lot
  • Property is zoned C-1, Commercial

Utilities

  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 003-362-021-000

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Commercial Lot
  • Primary Residence: None, See Remarks
  • Special Features: None

Exterior Features

  • Additional Living Units: No
  • Development Status: None
  • Road Frontage Type: City Street

Utilities

  • Sewer: Septic Available, Septic Tank
  • Utilities: See Remarks
  • Water Source: See Remarks

Lot Info

  • Assessor Parcel Number: 003-362-021-000
  • Current Use: Vacant
  • Irrigation: See Remarks
  • Lot Features: Paved
  • Lot Size Acres: 0.5000
  • Lot Size Sq Ft: 21780.00
  • Lot Size Units: Acres
  • Price Per Acre: 1060000.00
  • Topography: Mostly Level
  • Zoning: C-1
  • Possible Use: Residential, Commercial
  • Zoning Description: Commercial

MLS Schools

  • School District County: Butte
  • Senior High School District: Chico Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 14, 2022
Closed on
Nov 4, 2022
Sold by
Atwal Ajit Singh
Bought by
Race Telecommunications Llc
Seller's Agent
Marco Barretto
Compass
Buyer's Agent
Mazen Bahu
CENTURY 21 Masters
List Price
$565,000
Sold Price
$530,000
Premium/Discount to List
-$35,000
-6.19%
Views
13
Current Estimated Value
$554,516

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$24,516
Avg. Annual Appreciation
1.67%

Purchase Details

Closed on
Apr 28, 2003
Sold by
Kaur Jusbinder
Bought by
Atwal Ajit Singh

Purchase Details

Closed on
Apr 25, 2003
Sold by
Gasamat Oil Corp Of Colorado
Bought by
Atwal Ajit Singh

Purchase Details

Closed on
Apr 29, 1998
Sold by
Gallagher T P and Gallagher Michael
Bought by
Gasamat Oil Corp Of Colorado
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Race Telecommunications Llc $530,000 Fidelity National Title
Atwal Ajit Singh -- Fidelity National Title Co
Atwal Ajit Singh $308,000 Fidelity National Title Co
Gasamat Oil Corp Of Colorado -- Mid Valley Title & Escrow Co
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/10/2022 11/10/22 Sold $530,000 -6.2% $24 / Sq Ft
08/16/2022 08/16/22 Pending -- -- --
07/14/2022 07/14/22 For Sale $565,000 -- $26 / Sq Ft
Source: San Francisco Association of REALTORS®

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 $5,977 $462,574 $452,574 $10,000
2024 $5,977 $540,600 $443,700 $96,900
2023 $5,906 $530,000 $435,000 $95,000
2022 $2,913 $260,000 $225,000 $35,000
2021 $2,916 $260,000 $225,000 $35,000
2020 $2,937 $260,000 $225,000 $35,000
2019 $2,716 $240,000 $165,000 $75,000
2018 $2,720 $240,000 $165,000 $75,000
2017 $2,492 $220,000 $165,000 $55,000
2016 $2,320 $220,000 $165,000 $55,000
2015 $2,355 $220,000 $165,000 $55,000
2014 $2,356 $220,000 $165,000 $55,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Francisco Association of REALTORS®

MLS Number: 222093902

San Francisco Association of REALTORS®

APN: 003-362-021-000