NOT LISTED FOR SALE

621 Brice Ave Chico, CA 95926

Estimated Value: $497,986

4 Beds
2 Baths
1,575 Sq Ft
$316/Sq Ft Est. Value

Last Sold August 12, 2016

Last sale price $350,000 $222 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $3,107/month

2 Days on Market

Highlights

  • Property is near public transit
  • Wooded Lot
  • No HOA
  • Chico Junior High School Rated A-
  • Wood Flooring
  • Neighborhood Views

About This Home

As of August 2016

IDEAL college rental and location! This house is closer than some Chico State's dorms. Rental income could reach up to $650 per bedroom; those in the neighborhood are currently paying $600 per bedroom. New HVAC was installed in 2002. The sunroom was converted to a 4th bedroom in 2001. Roof was installed in 1998. Most of the windows are double-paned vinyl replacements. Half basement, approx. 360 sqft, is where laundry area is located. Washer, dryer and refrigerator are included in the sale.

Last Agent to Sell the Property

Deb Sprague

Deb Sprague, Broker License #01900748 Listed on: 07/04/2016

Last Buyer's Agent

Becky Prater

Platinum Partners Real Estate License #00772540

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1948

Lot Details

  • 10,890 Sq Ft Lot
  • No Common Walls
  • Wood Fence
  • Fence is in average condition
  • Paved or Partially Paved Lot
  • Level Lot
  • Sprinklers Throughout Yard
  • Wooded Lot
  • Garden
  • Back and Front Yard
  • Density is up to 1 Unit/Acre

Parking

  • 1 Car Garage
  • Parking Available
  • Gravel Driveway
  • Off-Street Parking
  • Parking Permit Required

Home Design

  • Bungalow
  • Composition Roof
  • Concrete Perimeter Foundation
  • Plaster

Interior Spaces

  • 1,575 Sq Ft Home
  • Crown Molding
  • Ceiling Fan
  • Entryway
  • Living Room
  • Wood Flooring
  • Neighborhood Views
  • Basement

Kitchen

  • Galley Kitchen
  • Gas Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Converted Bedroom
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer
  • Laundry Chute

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Property is near public transit

Utilities

  • Central Heating and Cooling System
  • 220 Volts For Spa
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 003130009000

Community Details

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Insurance Expense $1,200
  • Pest Control $360
  • Trash Expense $320
  • Water Sewer Expense $1,440
  • New Taxes Expense $3,124
  • Gross Income $2,400
  • Net Operating Income $22,356

Additional Features

  • No Home Owners Association
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1948

Lot Details

0

Parking

1

Listing Details

  • Inclusions: Washer, Dryer, Refrigerator
  • Property Attached: No
  • Road Frontage Type: City Street
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 1440.00
  • Architectural Style: Bungalow
  • Property Type: Residential Income
  • Parcel Number: 003130009000
  • Year Built: 1948
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s), Crown Molding
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 222.22
  • Room Type: Basement, Converted Bedroom, Entry, Galley Kitchen, Living Room

Exterior Features

  • Foundation: Concrete Perimeter
  • Exterior Features: Rain Gutters
  • View: Neighborhood
  • Fencing: Average Condition, Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Plaster

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Concrete, Gravel, Driveway, Off Street, Permit Required
  • Total Parking Spaces: 16.00

Utilities

  • Utilities: Natural Gas Available, Sewer Connected
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Range, Gas Water Heater, Ice Maker, Microwave, Refrigerator
  • Electric: 220V Other - See Remarks, 220 Volts For Spa
  • Heating Type: Central
  • Laundry Features: Common Area, Dryer Included, Gas & Electric Dryer Hookup, Inside, Laundry Chute, Washer Included
  • Pest Control Expense: 360.00
  • Trash Expense: 320.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Land Lease: No
  • Lot Features: Back Yard, 0-1 Unit/Acre, Front Yard, Garden, Level with Street, Lot 10000-19999 Sqft, Paved, Sprinklers In Front, Sprinklers In Rear, Sprinklers On Side, Sprinklers Timer, Sprinkler System, Near Public Transit, Treed Lot
  • Lot Size Sq Ft: 10890.00
  • Price Per Lot Square Foot: 32.14

Multi Family

  • Gross Income: 2400.00
  • Gross Scheduled Income: 28800.00
  • Insurance Expense: 1200.00
  • Net Operating Income: 22356.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 1
  • Operating Expense: 6444.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 3124.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 6, 2021
Sold by
California State University
Bought by
California State University
Current Estimated Value
$497,986

Purchase Details

Closed on
Feb 16, 2018
Sold by
Bradley Linda D
Bought by
The Trustees Of The California State Uni

Purchase Details

Listed on
Jul 4, 2016
Closed on
Aug 10, 2016
Sold by
Sprague Robert F and Sprague Debra E
Bought by
Bradley Linda D
Seller's Agent
Deb Sprague
Deb Sprague, Broker
Buyer's Agent
Becky Prater
Platinum Partners Real Estate
List Price
$365,000
Sold Price
$350,000
Premium/Discount to List
-$15,000
-4.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
3.42%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 25, 2009
Sold by
Edwards Tim and Edwards Ann M
Bought by
Sprague Robert F and Sprague Debra E
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
California State University -- Bidwell Title & Escrow Co
The Trustees Of The California State Uni -- Mid Valley Title & Escrow Co
Bradley Linda D $350,000 Bidwell Title & Escrow Co
Sprague Robert F $111,500 Fidelity Natl Title Co Of Ca
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bradley Linda D $280,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/12/2016 08/12/16 Sold $350,000 -4.1% $222 / Sq Ft
07/04/2016 07/04/16 For Sale $365,000 0.0% $232 / Sq Ft
07/03/2016 07/03/16 Pending -- -- --
06/30/2016 06/30/16 For Sale $365,000 +4.3% $232 / Sq Ft
06/28/2016 06/28/16 Off Market $350,000 -- --
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
2022 -- $407,073 $170,043 $237,030
2021 -- $402,900 $168,300 $234,600
2020 $0 $395,000 $165,000 $230,000
2019 $0 $357,000 $153,000 $204,000
2018 $0 $350,000 $150,000 $200,000
2017 $3,959 $350,000 $150,000 $200,000
2016 $3,363 $326,340 $174,048 $152,292
2015 $3,362 $321,439 $171,434 $150,005
2014 $3,065 $295,000 $160,000 $135,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CH16140206

California Regional Multiple Listing Service (CRMLS)

APN: 003-130-009-000