NOT LISTED FOR SALE

Estimated Value: $588,000 - $889,000

8 Beds
8 Baths
3,328 Sq Ft
$214/Sq Ft Est. Value

Last Sold June 28, 2013

Last sale price $292,500 $88 Per Sq Ft

Est. 143% increase in value since last sale

Current estimated payment $4,306/month

42 Days on Market

Highlights

  • Laundry Room
  • Central Heating and Cooling System
  • Front Yard
  • Chico Junior High School Rated A-

About This Home

As of June 2013

Hard to find 2 bedroom 2bath units with a great oppurtunity to pick up multiple buildings with 4-plex financing, turn key and move in ready with room for rents to move up. Adjacent building is also for sale.

Last Agent to Sell the Property

Steven Depa

Re/Max of Chico License #00813533 Listed on: 02/13/2013

Re/Max of Chico

Last Buyer's Agent

Steven Depa

Re/Max of Chico License #00813533 Listed on: 02/13/2013

Re/Max of Chico

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,935

Year Built

  • Built in 1967

Lot Details

  • 9,148 Sq Ft Lot
  • No Common Walls
  • Front Yard

Home Design

  • 3,328 Sq Ft Home

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Parking

  • 10 Parking Spaces
  • Parking Available
  • Assigned Parking

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Additional Features

  • Laundry Room
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 043180034000

Community Details

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $959
  • Gardener Expense $630
  • Insurance Expense $935
  • Maintenance Expense $3,506
  • Other Expense $4,885
  • Pest Control $293
  • Professional Management Expense $2,009
  • Trash Expense $472
  • Water Sewer Expense $1,768
  • New Taxes Expense $3,100
  • Gross Income $2,735
  • Net Operating Income $14,263

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,935

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Assessments: Yes
  • Professional Management Expense: 2009.00
  • Property Attached: No
  • Water Sewer Expenses: 1768.00
  • Property Type: Residential Income
  • Gardener Expense: 630.00
  • Parcel Number: 043180034000
  • Year Built: 1967
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 87.89

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 10.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Community
  • Pest Control Expense: 293.00
  • Trash Expense: 472.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Curbs, Gutters, Sidewalks, Street Lights

Lot Info

  • Lot Features: Front Yard
  • Lot Size Sq Ft: 9148.00
  • Lot Size Acres: 0.2100

Multi Family

  • Electric Expense: 959.00
  • Gross Income: 2735.00
  • Gross Scheduled Income: 32820.00
  • Insurance Expense: 935.00
  • Lot Size Area: 9148.0000 Square Feet
  • Maintenance Expense: 3506.00
  • Net Operating Income: 14263.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 18557.00
  • Other Expense: 4885.00
  • Other Expense Description: Up Keep
  • Rent Control: No

Tax Info

  • New Taxes Expense: 3100.00
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 13, 2013
Closed on
Jun 12, 2013
Sold by
Boyd Timothy P and Boyd Marlies K
Bought by
Vantruong Thong and Pham Amy Ha
Seller's Agent
Steven Depa
Re/Max of Chico
Buyer's Agent
Steven Depa
Re/Max of Chico
List Price
$309,500
Sold Price
$292,500
Premium/Discount to List
-$17,000
-5.49%
Total Days on Market
42
Current Estimated Value
$712,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$419,500
Avg. Annual Appreciation
7.47%
Original Mortgage
$300,000
Outstanding Balance
$218,325
Interest Rate
3.48%
Mortgage Type
Credit Line Revolving
Estimated Equity
$474,675

Purchase Details

Closed on
Apr 3, 2012
Sold by
Brownfield Jerry A and Brownfield Virginia E
Bought by
Singh Harminder

Purchase Details

Closed on
Dec 19, 2007
Sold by
Boyd Timothy P and Boyd Marlies K
Bought by
Boyd Timothy P and Boyd Marlies K

Purchase Details

Closed on
Aug 24, 2005
Sold by
Minto Caroline and Minto Preston
Bought by
Singh Harminder

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
5.61%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Aug 22, 2005
Sold by
Singh Harminder and Singh Mundip
Bought by
Boyd Timothy P and Boyd Marlies K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
5.61%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jun 14, 2004
Sold by
Brownfield Jerry A and Brownfield Virginia E
Bought by
Singh Harminder

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,000
Interest Rate
5.95%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jan 18, 2000
Sold by
Minto Caroline M and The Brownfield Trust A
Bought by
Brownfield Gerald and Brownfield Elizabeth
Source: Public Records

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Range of Values:

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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
Vantruong Thong $585,000 Mid Valley Title & Escrow Co
Boyd Timothy P -- None Available
Boyd Timothy P $485,000 Fidelity National Title Co
Singh Harminder $339,000 Mid Valley Title & Escrow Co
Brownfield Gerald -- Mid Valley Title & Escrow Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vantruong Thong $300,000
Previous Owner Boyd Timothy P $239,200
Previous Owner Boyd Timothy P $260,000
Previous Owner Singh Harminder $65,000
Previous Owner Singh Harminder $254,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/28/2013 06/28/13 Sold $292,500 -5.5% $88 / Sq Ft
03/27/2013 03/27/13 Pending -- -- --
02/13/2013 02/13/13 For Sale $309,500 -- $93 / Sq Ft
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
2024 $3,935 $353,117 $114,686 $238,431
2023 $3,889 $346,194 $112,438 $233,756
2022 $3,826 $339,407 $110,234 $229,173
2021 $3,754 $332,753 $108,073 $224,680
2020 $3,744 $329,342 $106,965 $222,377
2019 $3,676 $322,885 $104,868 $218,017
2018 $3,609 $316,555 $102,812 $213,743
2017 $3,568 $310,349 $100,797 $209,552
2016 $3,261 $304,265 $98,821 $205,444
2015 $3,261 $299,696 $97,337 $202,359
2014 $3,184 $293,827 $95,431 $198,396
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CH13022248

California Regional Multiple Listing Service (CRMLS)

APN: 043-180-034-000