NOT LISTED FOR SALE

608 Chestnut St Unit 3 Chico, CA 95928

South Campus Neighborhood

Estimated Value: $397,000 - $469,000

1 Bed
1 Bath
1,407 Sq Ft
$299/Sq Ft Est. Value

Last Sold May 17, 2021

Last sale price $392,000 $279 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $2,617/month

6 Days on Market

Highlights

  • Hiking Trails
  • Park
  • Front Yard
  • Chico Junior High School Rated A-
  • Horse Trails
  • 1-Story Property

About This Home

As of May 2021

Awesome investment opportunity! Very RARE triplex really close to Chico State and Downtown. Units consistently have renters. Units are all 1br 1bath. Don't miss this one!

Last Agent to Sell the Property

Steve Valencia, Jr.

Chico Discount Realty License #01885087 Listed on: 04/15/2021

Last Buyer's Agent

Alisha Simpkins

Keller Williams Realty Chico Area License #01772692

Keller Williams Realty Chico Area

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,628

Year Built

  • Built in 1905

Lot Details

  • 4,792 Sq Ft Lot
  • Two or More Common Walls
  • Front Yard

Home Design

  • Property Attached

Interior Spaces

  • 1,407 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Additional Features

  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Legal Lot and Block 1 / 90
  • Assessor Parcel Number 004217005000

Community Details

Overview

  • 3 Units

Recreation

  • Park
  • Horse Trails
  • Hiking Trails
  • Bike Trail

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Insurance Expense $1,195
  • Trash Expense $436
  • Water Sewer Expense $1,800
  • Operating Expense $3,431
  • Gross Income $24,300
  • Net Operating Income $20,869

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,628

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 1800.00
  • Zoning: R3
  • Property Type: Residential Income
  • Parcel Number: 004217005000
  • Year Built: 1905
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Levels: One
  • Price Per Square Foot: 278.61

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Trash Expense: 436.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking, Hiking, Horse Trails, Park, Sidewalks, Storm Drains, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 4792.00
  • Lot Size Acres: 0.1100

Multi Family

  • Gross Income: 24300.00
  • Gross Scheduled Income: 24300.00
  • Insurance Expense: 1195.00
  • Lot Size Area: 4792.0000 Square Feet
  • Net Operating Income: 20869.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Total: 3
  • Operating Expense: 3431.00
  • Rent Control: No
  • Total Expenses: 3431.00

Tax Info

  • Tax Block: 90
  • Tax Census Tract: 10.00
  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 15, 2021
Closed on
May 12, 2021
Sold by
Virginia Delacruz-Klever Living Trust and Delacruz-Klever Virginia May
Bought by
Foreman Jeffrey and Stewart Barbara
Seller's Agent
Steve Valencia, Jr.
Chico Discount Realty
Buyer's Agent
Alisha Simpkins
Keller Williams Realty Chico Area
List Price
$429,000
Sold Price
$392,000
Premium/Discount to List
-$37,000
-8.62%
Current Estimated Value
$420,870

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$28,870
Avg. Annual Appreciation
2.84%
Original Mortgage
$294,000
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 3, 2017
Sold by
Dela Cruz Klever Virginiia May
Bought by
Delacruz Klever Virgnia May and The Virgina Delacruz Klever Living Trust

Purchase Details

Closed on
Aug 29, 2017
Sold by
Delacurz Klever Virginia May
Bought by
Delacruz Klever Virginia May
Source: Public Records

Range of Values:

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Average Value
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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
Foreman Jeffrey $392,000 Fidelity National Title
Delacruz Klever Virgnia May -- None Available
Delacruz Klever Virginia May -- None Available
Delacruz Klever Virginia May -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Foreman Jeffrey $294,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/17/2021 05/17/21 Sold $392,000 -8.6% $279 / Sq Ft
04/21/2021 04/21/21 Pending -- -- --
04/15/2021 04/15/21 For Sale $429,000 -- $305 / 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 $4,628 $424,147 $194,837 $229,310
2024 $4,628 $413,870 $191,017 $222,853
2023 $4,575 $407,756 $187,272 $220,484
2022 $4,505 $399,800 $183,600 $216,200
2021 $413 $33,634 $13,753 $19,881
2020 $415 $33,292 $13,612 $19,680
2019 $410 $32,645 $13,346 $19,299
2018 $402 $32,011 $13,085 $18,926
2017 $390 $31,389 $12,829 $18,560
2016 $360 $30,779 $12,578 $18,201
2015 $358 $30,322 $12,390 $17,932
2014 $355 $29,734 $12,148 $17,586
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN21078438

California Regional Multiple Listing Service (CRMLS)

APN: 004-217-005-000