NOT LISTED FOR SALE

Estimated Value: $546,000 - $582,000

8 Beds
4 Baths
3,016 Sq Ft
$187/Sq Ft Est. Value

Last Sold August 21, 2018

Last sale price $414,000 $137 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $3,407/month

18 Days on Market

Highlights

  • Private Yard
  • No HOA
  • Doors swing in
  • Chico Junior High School Rated A-
  • Living Room
  • High-Efficiency Water Heater

About This Home

As of August 2018

Great north campus location makes this popular for both CSUC and Butte college students. Only blocks from CSUC and with the Butte College bus stop nearby. This great 4-unit apartment consisting of 2 bed, 1 bath units in the heart of it all. Each unit has nice sized kitchen and living room with wall heater and wall-mounted AC. Kitchens include vinyl flooring and electric appliances (no laundry). The property has off street parking, a large, fenced, grassy front yard with large trees and for all to share. Owner pays trash and landscaping. Recent improvement includes connecting to City Sewer April 2018. Previous owner installed new roof prior to putting on the market in 2004. Units A, B & D are rented through December 2018. Property manager lives on-site. (Square footage, bed/baths, & lot size taken from county records. This information has not been verified by agent. The information contained herein has been obtained through sources deemed reliable but cannot be guaranteed as to its accuracy. Buyer is advised to investigate to their satisfaction. Any information of special interest should be obtained through independent verification.)

Last Agent to Sell the Property

Jeff Rotlisberger

License #01823282 Listed on: 06/22/2018

Last Buyer's Agent

Non-Member Agent CHICO

Non-Member Office CHICO License #99999

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,033

Year Built

  • Built in 1965

Lot Details

  • 8,276 Sq Ft Lot
  • 1 Common Wall
  • Wood Fence
  • Chain Link Fence
  • Private Yard
  • Lawn
  • Front Yard

Home Design

  • Apartment
  • Fire Rated Drywall
  • Common Roof

Interior Spaces

  • 3,016 Sq Ft Home
  • 2-Story Property
  • Living Room
  • Electric Cooktop

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Parking

  • Parking Available
  • Private Parking
  • Parking Lot
  • Off-Street Parking
  • Unassigned Parking

Accessible Home Design

  • Doors swing in
  • Low Pile Carpeting

Outdoor Features

  • Exterior Lighting

Utilities

  • Wall Furnace
  • High-Efficiency Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, telephone
  • Assessor Parcel Number 043180027000

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Electric Expense $1,504
  • Insurance Expense $1,697
  • Other Expense $695
  • Trash Expense $1,929
  • Water Sewer Expense $1,129
  • New Taxes Expense $4,115
  • Operating Expense $11,069
  • Gross Income $37,200
  • Net Operating Income $26,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,033

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Water Sewer Expenses: 1129.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 043180027000
  • Year Built: 1965
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Vinyl
  • Accessibility Features: Doors - Swing In, Low Pile Carpeting
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 137.27
  • Room Type: Kitchen, Living Room

Exterior Features

  • Fence: Yes
  • Fencing: Chain Link, Wood
  • Pool Private: No
  • Roof: Common Roof
  • Spa: No
  • Construction Materials: Drywall Walls

Garage/Parking

  • Parking: Yes
  • Parking Features: Off Street, Parking Space, Private, Unassigned

Utilities

  • Utilities: Electricity Connected, Natural Gas Available
  • Heating: Yes
  • Laundry: No
  • Appliances: Electric Cooktop, High Efficiency Water Heater, Refrigerator
  • Electric: Standard
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Trash Expense: 1929.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Lawn, Yard
  • Lot Size Sq Ft: 8276.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Telephone

Multi Family

  • Electric Expense: 1504.00
  • Gross Income: 37200.00
  • Gross Scheduled Income: 37200.00
  • Insurance Expense: 1697.00
  • Net Operating Income: 26000.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 11069.00
  • Other Expense: 695.00
  • Rent Control: No
  • Total Actual Rent: 2325.00
  • Total Expenses: 11069.00

Tax Info

  • New Taxes Expense: 4115.00
  • Tax Census Tract: 6.04

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 22, 2018
Closed on
Aug 21, 2018
Sold by
Vang Yeng and Vang Yeng
Bought by
Arora Ritesh and Nagwekar Parag
Seller's Agent
Jeff Rotlisberger
Buyer's Agent
Non-Member Agent CHICO
Non-Member Office CHICO
List Price
$429,950
Sold Price
$414,000
Premium/Discount to List
-$15,950
-3.71%
Current Estimated Value
$563,669

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$149,669
Avg. Annual Appreciation
4.96%
Original Mortgage
$247,200
Outstanding Balance
$215,573
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$368,861

Purchase Details

Listed on
Jun 22, 2018
Closed on
Aug 18, 2018
Sold by
Arora Shobana Subramanian
Bought by
Arora Ritesh
Seller's Agent
Jeff Rotlisberger
Buyer's Agent
Non-Member Agent CHICO
Non-Member Office CHICO
List Price
$429,950
Sold Price
$414,000
Premium/Discount to List
-$15,950
-3.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,200
Outstanding Balance
$215,573
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$368,861

Purchase Details

Listed on
Jun 22, 2018
Closed on
Aug 17, 2018
Sold by
Jain Roopam
Bought by
Nagwekar Parag
Seller's Agent
Jeff Rotlisberger
Buyer's Agent
Non-Member Agent CHICO
Non-Member Office CHICO
List Price
$429,950
Sold Price
$414,000
Premium/Discount to List
-$15,950
-3.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,200
Outstanding Balance
$215,573
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$368,861

Purchase Details

Closed on
May 12, 2004
Sold by
Schlieper John G and Schlieper Donna C
Bought by
Vang Yeng

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$304,000
Interest Rate
4.21%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Arora Ritesh $414,000 Fidelity National Title Co
Arora Ritesh -- Fidelity National Title Co
Nagwekar Parag -- Fidelity National Title Co
Vang Yeng $380,000 Mid Valley Title & Escrow Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Arora Ritesh $247,200
Previous Owner Vang Yeng $304,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/21/2018 08/21/18 Sold $414,000 -3.7% $137 / Sq Ft
06/22/2018 06/22/18 For Sale $429,950 -- $143 / 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 $5,033 $461,705 $145,015 $316,690
2024 $5,033 $451,672 $142,172 $309,500
2023 $4,974 $443,817 $139,385 $304,432
2022 $4,894 $435,135 $136,652 $298,483
2021 $4,803 $426,623 $133,973 $292,650
2020 $4,789 $422,260 $132,600 $289,660
2019 $4,703 $414,000 $130,000 $284,000
2018 $4,450 $391,000 $130,000 $261,000
2017 $4,478 $391,000 $125,000 $266,000
2016 $3,752 $351,000 $110,000 $241,000
2015 -- $341,000 $105,000 $236,000
2014 -- $336,000 $100,000 $236,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN18149824

California Regional Multiple Listing Service (CRMLS)

APN: 043-180-027-000