NOT LISTED FOR SALE

622 Chestnut St Chico, CA 95928

South Campus Neighborhood

Estimated Value: $847,635 - $885,000

16 Beds
8 Baths
4,400 Sq Ft
$198/Sq Ft Est. Value

Sale Details

Date Sold: May 12, 2022

Last sale price $930,700 $212 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $5,693 / mo

66 Days on Market

About This Home

As of May 2022

Great 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

Last Buyer's Agent

Tara Anderson

Ballou Company License #01860993

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

Property Details

Home Type

Multi-Family

Year Built

Built in 1984

Lot Details

8,712 Sq Ft Lot

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Water Sewer Expenses: 2023.00
  • Zoning: R3
  • Property Type: Residential Income
  • Parcel Number: 004217006000
  • Year Built: 1984
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 211.52

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 12.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Trash Expense: 4888.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 8712.00
  • Lot Size Acres: 0.2000

Multi Family

  • Gross Income: 82200.00
  • Gross Scheduled Income: 82200.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 8712.0000 Square Feet
  • Net Operating Income: 56485.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 25715.00
  • Rent Control: No
  • Total Expenses: 25715.00

Tax Info

  • Tax Block: 90
  • Tax Census Tract: 10.00
  • Tax Lot: 2

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 28, 2022
Closed on
May 6, 2022
Sold by
Bought by
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
$888,416

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$42,284
Avg. Annual Appreciation
-1.61%
Original Mortgage
$698,000
Interest Rate
0.0467%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 17, 2021
Sold by
Bought by

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
0.028%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 26, 2015
Sold by
Bought by

Purchase Details

Closed on
Oct 9, 2014
Sold by
Bought by

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
0.042%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 29, 2012
Sold by
Bought by

Purchase Details

Closed on
Jan 4, 2010
Sold by
Bought by

Purchase Details

Closed on
Nov 19, 2007
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,000
Interest Rate
0.0629%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jul 22, 2004
Sold by
Bought by

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
0.0629%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$931,000 Bidwell Title & Escrow
-- None Listed On Document
-- Placer Title Company
-- Placer Title Company
-- None Available
$371,500 Midvalley Title
-- None Available
-- None Available
-- None Available
-- None Available
$520,000 Fidelity Natl Title Co Of Ca
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $698,000
Closed $342,000
Closed $371,300
Closed $386,000
Closed $78,000
Closed $360,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

  • J

    Seller's Agent in 2022

    Jacob Hricik

    Atrix Real Estate

    Section Image
  • Tara Anderson

    Buyer's Agent in 2022

    Tara Anderson

    Ballou Company

    (530) 518-5914

    1 in this area

    19 Total Sales

    Tara Anderson
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN22017516

California Regional Multiple Listing Service (CRMLS)

APN: 004-217-006-000

California Butte County Chico 95928 South Campus

622 Chestnut St, Chico, CA

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.

California Regional Multiple Listing Service (CRMLS) 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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