Seller's Agent in 2021
Sima Saboury
Porchlight Real Estate Brokers
(530) 624-7833
5 in this area
85 Total Sales
616 W 2nd Ave Chico, CA 95926
Chico Vecino NeighborhoodEstimated Value: $475,000 - $602,000
6
Beds
4
Baths
2,184
Sq Ft
$253/Sq Ft
Est. Value
Highlights
- Open Floorplan
- Contemporary Architecture
- Main Floor Primary Bedroom
- Chico Junior High School Rated A-
- Two Story Ceilings
- No HOA
About This Home
As of February 2021Conveniently located to Chico State University and Downtown Chico!
616 West 2nd Ave is ready for a new Owner! This property is a perfect place for extended family with its 2 separate entries. It makes for a perfect place to have your kids or in-laws close but still be far enough to enjoy your own space. Also, a great income producing property for your client to add to their portfolio.
A total of 6 bedrooms and 4 bathrooms! The main home is 5 bedroom 3 bath, 4 bedrooms and 2 baths located upstairs with a convenient hall computer area. Downstairs you will find the 5th bedroom and bath plus a laundry room with a large utility sink. The large kitchen opens to the family room with high ceilings, electric stove and dishwasher and the window over the kitchen sink overlooks a private fenced yard. The dining room has a sliding glass door with easy access for backyard enjoyment. There is an attached large studio with its own kitchen and bathroom with heat and air.
This property has been a fully rented income producing property for its owner. All rooms and the studio are occupied and are rented until June 2021 for a total amount of $3400 per month. Tenants pay all utilities including trash. The owner only pays taxes and insurance on the building. All appliances will stay at the time of sale. The house and carpets have been professionally cleaned and the yard and trees professionally maintained.
Last Agent to Sell the Property
Porchlight Real Estate Brokers License #01792124 Listed on: 12/06/2020
Property Details
Home Type
- Multi-Family
Year Built
- Built in 2002
Lot Details
- 4,356 Sq Ft Lot
- Property fronts an alley
- No Common Walls
- Wood Fence
- Density is up to 1 Unit/Acre
Home Design
- Contemporary Architecture
- Turnkey
- Slab Foundation
- Shingle Roof
- Wood Siding
Interior Spaces
- 2,184 Sq Ft Home
- 2-Story Property
- Open Floorplan
- Two Story Ceilings
- Ceiling Fan
- Blinds
- Window Screens
- Entryway
Kitchen
- Electric Oven
- Electric Range
- Disposal
Bedrooms and Bathrooms
- 6 Bedrooms
- Primary Bedroom on Main
- All Upper Level Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
- 220 Volts In Laundry
Parking
- 6 Open Parking Spaces
- 6 Parking Spaces
Utilities
- Cooling System Mounted To A Wall/Window
- Central Heating and Cooling System
- Natural Gas Connected
- Cable TV Available
Additional Features
- Rain Gutters
- Suburban Location
Listing and Financial Details
- Tenant pays for all utilities, cable TV, electricity, gas
- Tax Lot 36
- Assessor Parcel Number 043150052000
Community Details
Overview
- No Home Owners Association
- 2 Units
Building Details
- 6 Leased Units
- Rent Control
- 1 Separate Electric Meter
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Insurance Expense $1,050
- New Taxes Expense $6,042
- Operating Expense $7,092
- Gross Income $40,800
- Net Operating Income $33,708
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 6, 2020
Closed on
Feb 22, 2021
Sold by
Hollenback Marissa
Bought by
Hollenback Daniel W
Seller's Agent
Sima Saboury
Porchlight Real Estate Brokers
Buyer's Agent
Tina Peters
eXp Realty of California, Inc.
List Price
$509,500
Sold Price
$500,000
Premium/Discount to List
-$9,500
-1.86%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$53,478
Avg. Annual Appreciation
2.04%
Original Mortgage
$400,000
Outstanding Balance
$357,756
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$195,722
Purchase Details
Listed on
Dec 6, 2020
Closed on
Feb 15, 2021
Sold by
Azad Farshad and Kashtiban Farzad
Bought by
Hollenback Daniel W and Perez Matthew K
Seller's Agent
Sima Saboury
Porchlight Real Estate Brokers
Buyer's Agent
Tina Peters
eXp Realty of California, Inc.
List Price
$509,500
Sold Price
$500,000
Premium/Discount to List
-$9,500
-1.86%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Outstanding Balance
$357,756
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$195,722
Purchase Details
Closed on
Feb 22, 2005
Sold by
Kashtiban Tamara M
Bought by
Kashtiban Farzad
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$316,000
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Feb 16, 2005
Sold by
Kizirian Tim G and Kizirian Bethany J
Bought by
Azad Farshad and Kashtiban Farzad
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$316,000
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Dec 22, 2003
Sold by
Kizirian Tim G and Kizirian James
Bought by
Kizirian Tim G and Kizirian Bethany J
Purchase Details
Closed on
Feb 4, 2002
Sold by
Kizirian Tim G
Bought by
Kizirian Tim G and Kizirian James
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,870
Interest Rate
6.73%
Purchase Details
Closed on
Dec 31, 2001
Sold by
Stryker Brenda L
Bought by
Kizirian Tim G
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,870
Interest Rate
6.73%
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Hollenback Daniel W | -- | Mid Valley Title | |
| Hollenback Daniel W | $500,000 | Mid Valley Title | |
| Kashtiban Farzad | -- | -- | |
| Azad Farshad | $395,000 | -- | |
| Kizirian Tim G | $30,000 | -- | |
| Kizirian Tim G | -- | Fidelity National Title | |
| Kizirian Tim G | $195,000 | Fidelity National Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Hollenback Daniel W | $400,000 | |
| Previous Owner | Azad Farshad | $316,000 | |
| Previous Owner | Kizirian Tim G | $184,870 | |
| Closed | Azad Farshad | $59,200 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/26/2021 02/26/21 | Sold | $500,000 | -1.9% | $229 / Sq Ft |
| 01/12/2021 01/12/21 | Pending | -- | -- | -- |
| 12/06/2020 12/06/20 | For Sale | $509,500 | -- | $233 / 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 | $5,869 | $541,214 | $184,013 | $357,201 |
| 2024 | $5,869 | $530,603 | $180,405 | $350,198 |
| 2023 | $5,800 | $520,200 | $176,868 | $343,332 |
| 2022 | $5,708 | $510,000 | $173,400 | $336,600 |
| 2021 | $5,698 | $508,655 | $167,404 | $341,251 |
| 2020 | $5,682 | $503,440 | $165,688 | $337,752 |
| 2019 | $4,749 | $420,000 | $150,000 | $270,000 |
| 2018 | $4,417 | $390,000 | $125,000 | $265,000 |
| 2017 | $4,196 | $370,000 | $125,000 | $245,000 |
| 2016 | $3,644 | $345,000 | $120,000 | $225,000 |
| 2015 | $3,273 | $305,000 | $105,000 | $200,000 |
| 2014 | $3,205 | $300,000 | $100,000 | $200,000 |
Source: Public Records
Agents Affiliated with this Home
-
Sima Saboury
-
Tina Peters
Buyer's Agent in 2021
Tina Peters
eXp Realty of California, Inc.
(530) 518-5441
2 in this area
73 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SN20252400
APN: 043-150-052-000
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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