NOT LISTED FOR SALE

Estimated Value: $326,000 - $424,648

4 Beds
2 Baths
-- Sq Ft
0.4 Acre Lot

Sale Details

Date Sold: January 13, 2023

Last sale price $425,000

Est. 13% decrease in value since last sale

Current estimated payment $2,478 / mo

16 Days on Market

Highlights

  • 0.4 Acre Lot
  • Corner Lot
  • Laundry Facilities
  • Parkview Elementary School Rated A-
  • Bike Trail
  • 5-minute walk to City Plaza

About This Home

As of January 2023

Very unique opportunity to purchase two separate houses on one large corner lot in downtown Chico. Sale includes both 722 Flume Street AND 289 East 7th Street. Whether you are looking to add to your current investment portfolio, wanting to purchase a home for yourself with an additional source of income, or have always wanted that downtown office location for your business - this property can do it all! Additionally, the long term potential for future development is the icing on the cake. Both units do need work, but the potential of this property is truly amazing!

Last Agent to Sell the Property

Daniel Bosch

Re/Max of Chico License #01236305 Listed on: 12/07/2022

Re/Max of Chico

Last Buyer's Agent

Eric Stofa

Parkway Real Estate Co. License #01904078

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 17,424 Sq Ft Lot
  • No Common Walls
  • Corner Lot
  • Level Lot

Home Design

  • Duplex

Interior Spaces

  • 1-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Listing and Financial Details

  • Legal Lot and Block 1,2 / 37
  • Assessor Parcel Number 004385001000

Community Details

Overview

  • 2 Buildings
  • 2 Units

Amenities

  • Laundry Facilities

Recreation

  • Bike Trail

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Gross Income $27,600

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0.4 Acres

Listing Details

  • Property Attached: No
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 004385001000
  • Year Built: 1920
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking, Gutters, Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Level
  • Lot Size Sq Ft: 17424.00
  • Lot Size Acres: 0.4000

Multi Family

  • Gross Income: 27600.00
  • Gross Scheduled Income: 2300.00
  • Lot Size Area: 17424.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Rent Control: No

Tax Info

  • Tax Block: 37
  • Tax Census Tract: 10.00
  • Tax Lot: 1,2

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

Closed on
Nov 18, 2024
Sold by
Stofa Eric and Macneill Shawn
Bought by
Current Estimated Value
$368,045

Purchase Details

Listed on
Dec 7, 2022
Closed on
Jan 5, 2023
Sold by
Lee Wally and Ho Peggy
Bought by
Stofa Eric and Macneill Shawn
Seller's Agent
Daniel Bosch
Re/Max of Chico
Buyer's Agent
Eric Stofa
Parkway Real Estate Co.
List Price
$400,000
Sold Price
$425,000
Premium/Discount to List
$25,000
6.25%
Views
32

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.59%

Purchase Details

Listed on
Dec 7, 2022
Closed on
Jan 4, 2023
Sold by
Macneill Kaci
Bought by
Macneill Shawn
Seller's Agent
Daniel Bosch
Re/Max of Chico
Buyer's Agent
Eric Stofa
Parkway Real Estate Co.
List Price
$400,000
Sold Price
$425,000
Premium/Discount to List
$25,000
6.25%
Views
32

Purchase Details

Closed on
Jun 1, 2022
Sold by
Lau Man Cheong
Bought by
Man Cheong Lau Revocable Trust and Lau

Purchase Details

Closed on
Jul 23, 2009
Sold by
The Maxwell & Ida Lee Family Trust
Bought by
Satake Alvin T and Satake Maxine R

Purchase Details

Closed on
Feb 12, 1998
Sold by
Lee Ida Ping and The Maxwell & Ida Lee Family T
Bought by
Lee Ida Ping and Lee Wallace
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Downtown Chico, CA

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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
-- None Listed On Document
Stofa Eric $414,500 Mid Valley Title
Macneill Shawn -- Mid Valley Title & Escrow
Man Cheong Lau Revocable Trust -- Peters Amy
Satake Alvin T -- None Available
Lee Ida Ping -- --
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
01/13/2023 01/13/23 Sold $425,000 +6.3% --
12/23/2022 12/23/22 Pending -- -- --
12/07/2022 12/07/22 For Sale $400,000 -- --
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
2026 $5,484 $313,956 $192,474 $121,482
2025 $6,600 $307,800 $188,700 $119,100
2024 $6,600 $423,300 $188,700 $234,600
2023 $2,536 $54,440 $24,486 $29,954
2022 $2,436 $53,373 $24,006 $29,367
2021 $2,318 $52,328 $23,536 $28,792
2020 $2,271 $51,792 $23,295 $28,497
2019 $2,263 $50,778 $22,839 $27,939
2018 $2,203 $49,784 $22,392 $27,392
2017 $2,185 $48,808 $21,953 $26,855
2016 $549 $47,852 $21,523 $26,329
2015 $548 $47,134 $21,200 $25,934
2014 $542 $46,211 $20,785 $25,426
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN22252345

California Regional Multiple Listing Service (CRMLS)

APN: 004-385-001-000

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