NOT LISTED FOR SALE
6 Beds
2 Baths
11,504 Sq Ft
0.52 Acre Lot

Sale Details

Date Sold: September 14, 2012

Last sale price $600,000 $52 Per Sq Ft

13 Days on Market

Highlights

  • 0.52 Acre Lot
  • Contemporary Architecture
  • Central Heating and Cooling System
  • Chico Junior High School Rated A-

About This Home

As of September 2012

This property consists of 11 units located in Chico CA. The property has a 3 bedroom 1 bath home in front, with apartments in the rear. All 10 apartments are three bedrooms, one bath units and consist of both upstairs and downstairs units. A laundry room is shared by all units located between the house and the apartments. Units have full kitchens equipped with dishwasher, range, stove and refrigerator. Property is located less than one mile from California State University Chico, which is approximately a 10 minute walk to campus. Property is near bus routes, and within a short bike or walking distance to downtown Chico.

Last Agent to Sell the Property

Ryan Vaught

Ryno Company License #01444141 Listed on: 03/08/2012

Last Buyer's Agent

Ryan Vaught

Ryno Company License #01444141 Listed on: 03/08/2012

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1983

Lot Details

  • 0.52

Parking

  • 19 Parking Spaces

Home Design

  • 11,504 Sq Ft Home
  • Contemporary Architecture

Kitchen

  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Bathrooms

Additional Features

  • Laundry in unit
  • 22,651 Sq Ft Lot
  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Assessor Parcel Number 043150046000

Community Details

Overview

  • 2 Buildings
  • 11 Units

Amenities

  • Laundry Facilities

Building Details

  • 11 Separate Electric Meters
  • 11 Separate Gas Meters
  • 11 Separate Water Meters
  • Insurance Expense $2,600
  • Maintenance Expense $8,750
  • Professional Management Expense $7,872
  • Trash Expense $2,100
  • Water Sewer Expense $2,000
  • New Taxes Expense $8,125
  • Gross Income $8,200
  • Net Operating Income $51,740

Property Details

Home Type

Multi-Family

Year Built

Built in 1983

Lot Details

0.52 Acres

Listing Details

  • CapRate: 7.96
  • Professional Management Expense: 7872.00
  • Water Sewer Expenses: 2000.00
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Parcel Number: 043150046000
  • Year Built: 1983
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 52.16

Garage/Parking

  • Total Parking Spaces: 19.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Microwave, Refrigerator
  • Heating Type: Central
  • Laundry Features: Community
  • Trash Expense: 2100.00
  • Cooling: Central Air
  • Cooling: Yes

Lot Info

  • Lot Size Sq Ft: 22651.00
  • Lot Size Acres: 0.5200

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average3 Bed Area: 1025
  • Gross Income: 8200.00
  • Gross Multiplier: 6.61
  • Gross Scheduled Income: 98400.00
  • Insurance Expense: 2600.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 22651.0000 Square Feet
  • Maintenance Expense: 8750.00
  • Net Operating Income: 51740.00
  • Number Of Separate Electric Meters: 11
  • Number Of Separate Gas Meters: 11
  • Number Of Separate Water Meters: 11
  • Number Of Units Total: 11
  • Number With Dishwasher: 11
  • Number With Range: 11
  • Number With Refrigerator: 11
  • Operating Expense: 39772.00
  • Rent Control: No
  • Total Actual Rent: 8000.00

Tax Info

  • New Taxes Expense: 8125.00
  • Tax Year: 2011

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
Aug 10, 2021
Sold by
Bought by

Purchase Details

Listed on
Mar 8, 2012
Closed on
Sep 10, 2012
Sold by
Bought by
Seller's Agent
Ryan Vaught
Ryno Company
Buyer's Agent
Ryan Vaught
Ryno Company
List Price
$650,000
Sold Price
$600,000
Premium/Discount to List
-$50,000
-7.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$435,038
Interest Rate
0.035%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 22, 2005
Sold by
Bought by

Purchase Details

Closed on
Apr 30, 2003
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
$700,000
Interest Rate
0.0571%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 5, 2001
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
$652,050
Interest Rate
0.0724%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 3, 2001
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
$652,050
Interest Rate
0.0724%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 21, 2000
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
$332,500
Interest Rate
0.0796%
Mortgage Type
Commercial
Source: Public Records
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
-- None Available
$600,000 Fidelity Natl Title Co Of Ca
-- --
$970,000 Mid Valley Title & Escrow Co
$810,000 Mid Valley Title
-- Mid Valley Title
$595,000 Mid Valley Title & Escrow Co
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
Open $331,000
Previous Owner $435,038
Previous Owner $700,000
Previous Owner $652,050
Previous Owner $652,050
Previous Owner $332,500
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
09/14/2012 09/14/12 Sold $600,000 -7.7% $52 / Sq Ft
03/21/2012 03/21/12 Pending -- -- --
03/08/2012 03/08/12 For Sale $650,000 -- $57 / 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 $8,647 $741,850 $246,282 $495,568
2024 $8,122 $724,363 $241,453 $482,910
2023 $8,028 $713,161 $236,719 $476,442
2022 $7,897 $699,237 $232,078 $467,159
2021 $7,750 $685,586 $227,528 $458,058
2020 $7,729 $678,587 $225,195 $453,392
2019 $7,591 $665,341 $220,780 $444,561
2018 $7,454 $652,354 $216,451 $435,903
2017 $7,390 $639,622 $212,207 $427,415
2016 $6,758 $627,141 $208,047 $419,094
2015 $6,759 $617,766 $204,922 $412,844
2014 $6,600 $605,724 $200,908 $404,816
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CH12031850

California Regional Multiple Listing Service (CRMLS)
Your Personal Tour Guide

Ask me questions while you tour the home.