J
Seller's Agent in 2022
Jacob Hricik
Atrix Real Estate
622 Chestnut St Chico, CA 95928
South Campus NeighborhoodEstimated Value: $867,614 - $960,000
16
Beds
8
Baths
4,400
Sq Ft
$208/Sq Ft
Est. Value
About This Home
As of May 2022Great investment opportunity in downtown Chico! This quadruplex is 5 blocks from the university and features four, four-bedroom two-bathroom units. The property is professionally managed and has been well-maintained. The roof was replaced in 2019. Each unit has updated dual pain windows, renovated porch/staircase leading to the upstairs unit and a recently re-painted parking lot. The rents have been priced affordable and has given the property a strong rental history, all units are leased through summer 2022. The current total gross rent is $6,850 per month.
Last Agent to Sell the Property
Jacob Hricik
Atrix Real Estate License #01997279 Listed on: 01/28/2022
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1984
Lot Details
- 8,712 Sq Ft Lot
- Two or More Common Walls
- Density is 2-5 Units/Acre
Parking
- 12 Parking Spaces
Home Design
- Apartment
Interior Spaces
- 4,400 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 16 Bedrooms
- 8 Bathrooms
Listing and Financial Details
- Legal Lot and Block 2 / 90
- Assessor Parcel Number 004217006000
Community Details
Overview
- 4 Units
Building Details
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $1,200
- Trash Expense $4,888
- Water Sewer Expense $2,023
- Operating Expense $25,715
- Gross Income $82,200
- Net Operating Income $56,485
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 28, 2022
Closed on
May 6, 2022
Sold by
Anderson and Tara
Bought by
Anderfund Llc
Seller's Agent
Jacob Hricik
Atrix Real Estate
Buyer's Agent
Tara Anderson
Ballou Company
List Price
$1,125,000
Sold Price
$930,700
Premium/Discount to List
-$194,300
-17.27%
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
-$13,495
Avg. Annual Appreciation
-0.39%
Original Mortgage
$698,000
Outstanding Balance
$655,323
Interest Rate
4.67%
Mortgage Type
New Conventional
Estimated Equity
$261,882
Purchase Details
Closed on
Sep 17, 2021
Sold by
Williams Michael B
Bought by
Williams Michael B and Williams Living Trust
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$342,000
Interest Rate
2.8%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 26, 2015
Sold by
Williams Michael B
Bought by
Williams Michael B and Williams Living Trust
Purchase Details
Closed on
Oct 9, 2014
Sold by
Meridian Management Llc Series A
Bought by
Williams Michael B and Williams Kristine D
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$371,300
Interest Rate
4.2%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 29, 2012
Sold by
Williams Michael B and Williams Kristine D
Bought by
Meridian Management Llc Series A
Purchase Details
Closed on
Jan 4, 2010
Sold by
Williams Michael B and Williams Kristine D
Bought by
Meridian Management Llc Series A
Purchase Details
Closed on
Nov 19, 2007
Sold by
Williams Michael B and Williams Kristine D
Bought by
Williams Michael B and Williams Kristine D
Purchase Details
Closed on
Jul 22, 2004
Sold by
Hodges Debra A Seiler and Hodges James
Bought by
Williams Michael B and Williams Kristine D
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
6.29%
Mortgage Type
Purchase Money Mortgage
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 |
|---|---|---|---|
| Anderfund Llc | -- | None Listed On Document | |
| Anderson Andrew | $931,000 | Bidwell Title & Escrow | |
| Williams Michael B | -- | Placer Title Company | |
| Williams Michael B | -- | Placer Title Company | |
| Williams Michael B | -- | None Available | |
| Williams Michael B | $371,500 | Midvalley Title | |
| Meridian Management Llc Series A | -- | None Available | |
| Williams Michael B | -- | None Available | |
| Meridian Management Llc Series A | -- | None Available | |
| Williams Michael B | -- | None Available | |
| Williams Michael B | $520,000 | Fidelity Natl Title Co Of Ca |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Anderson Andrew | $698,000 | |
| Previous Owner | Williams Michael B | $342,000 | |
| Previous Owner | Williams Michael B | $371,300 | |
| Previous Owner | Williams Michael B | $360,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/12/2022 05/12/22 | Sold | $930,700 | -10.9% | $212 / Sq Ft |
| 04/10/2022 04/10/22 | Price Changed | $1,045,000 | -4.8% | $238 / Sq Ft |
| 03/21/2022 03/21/22 | Price Changed | $1,098,000 | -2.4% | $250 / Sq Ft |
| 01/28/2022 01/28/22 | For Sale | $1,125,000 | -- | $256 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $10,732 | $987,983 | $169,793 | $818,190 |
| 2024 | $10,732 | $968,612 | $166,464 | $802,148 |
| 2023 | $10,605 | $949,620 | $163,200 | $786,420 |
| 2022 | $7,672 | $683,015 | $210,156 | $472,859 |
| 2021 | $7,524 | $669,624 | $206,036 | $463,588 |
| 2020 | $7,505 | $662,759 | $203,924 | $458,835 |
| 2019 | $7,372 | $649,765 | $199,926 | $449,839 |
| 2018 | $7,236 | $637,025 | $196,006 | $441,019 |
| 2017 | $7,086 | $624,535 | $192,163 | $432,372 |
| 2016 | $5,291 | $500,000 | $175,000 | $325,000 |
| 2015 | $5,370 | $500,000 | $175,000 | $325,000 |
| 2014 | $5,031 | $470,000 | $175,000 | $295,000 |
Source: Public Records
Agents Affiliated with this Home
-
-
Tara Anderson
Buyer's Agent in 2022
Tara Anderson
Ballou Company
(530) 518-5914
1 in this area
25 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SN22017516
APN: 004-217-006-000
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