8 Lorayne Ct Chico, CA 95926
Chico Vecino NeighborhoodEstimated Value: $613,000 - $664,000
8
Beds
4
Baths
3,712
Sq Ft
$172/Sq Ft
Est. Value
Highlights
- No HOA
- Living Room
- Central Heating and Cooling System
- Chico Junior High School Rated A-
- Laundry Room
- Carpet
About This Home
As of November 2023This is a great opportunity to own an investment property located just blocks away from CSU Chico. This well-positioned 4-plex offers not only immediate rental income but also substantial potential for increased capital appreciation and enhanced cash flow. Don't miss out on this opportunity to secure a 4-plex with potential for value enhancement and increased market rents. Whether you're a seasoned investor looking to expand your portfolio or a newcomer seeking a strategic entry point into the real estate market, this property offers a combination of location, potential, and profitability.
Last Agent to Sell the Property
NextHome North Valley Realty License #01941937 Listed on: 08/10/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,956
Year Built
- Built in 1980
Lot Details
- 9,583 Sq Ft Lot
- 1 Common Wall
- Density is up to 1 Unit/Acre
Home Design
- Quadruplex
- Slab Foundation
- Composition Roof
- Stucco
Interior Spaces
- 3,712 Sq Ft Home
- 2-Story Property
- Living Room
- Carpet
- Dishwasher
- Laundry Room
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Bathrooms
Parking
- On-Street Parking
- On-Site Parking
Outdoor Features
- Exterior Lighting
Utilities
- Central Heating and Cooling System
- Natural Gas Connected
- Cable TV Available
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 8
- Assessor Parcel Number 043131024000
Community Details
Overview
- No Home Owners Association
- 4 Units
Amenities
- Laundry Facilities
Building Details
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $500
- Insurance Expense $3,890
- Maintenance Expense $600
- Trash Expense $1,740
- Water Sewer Expense $3,060
- New Taxes Expense $7,487
- Operating Expense $17,277
- Gross Income $41,340
- Net Operating Income $28,594
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 10, 2023
Closed on
Nov 2, 2023
Sold by
Wilmikevi Trust
Bought by
Barrios Miguel A
Seller's Agent
Casey Smyth
NextHome North Valley Realty
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$599,000
Sold Price
$599,000
Views
73
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
$39,649
Avg. Annual Appreciation
3.96%
Original Mortgage
$449,250
Outstanding Balance
$442,923
Interest Rate
7.19%
Mortgage Type
New Conventional
Estimated Equity
$195,726
Purchase Details
Closed on
Feb 25, 2021
Sold by
Payne William L and Payne Valerie L
Bought by
Payne William L and Payne Valerie L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$330,000
Interest Rate
2.8%
Mortgage Type
New Conventional
Similar Homes in Chico, CA
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Barrios Miguel A | $599,000 | Bidwell Title & Escrow Company | |
| Payne William L | -- | Amrock Llc | |
| Payne William L | -- | Amrock Llc |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Barrios Miguel A | $449,250 | |
| Previous Owner | Payne William L | $330,000 | |
| Previous Owner | Payne William L | $287,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/03/2023 11/03/23 | Sold | $599,000 | 0.0% | $161 / Sq Ft |
| 08/25/2023 08/25/23 | Pending | -- | -- | -- |
| 08/10/2023 08/10/23 | For Sale | $599,000 | -- | $161 / 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 |
|---|---|---|---|---|
| 2024 | $6,647 | $596,600 | $170,000 | $426,600 |
| 2023 | $2,863 | $253,925 | $50,529 | $203,396 |
| 2022 | $2,816 | $248,967 | $49,539 | $199,428 |
| 2021 | $2,764 | $244,106 | $48,568 | $195,538 |
| 2020 | $2,756 | $241,614 | $48,070 | $193,544 |
| 2019 | $2,707 | $236,897 | $47,128 | $189,769 |
| 2018 | $2,658 | $232,272 | $46,204 | $186,068 |
| 2017 | $2,636 | $227,739 | $45,299 | $182,440 |
| 2016 | $2,411 | $223,294 | $44,411 | $178,883 |
| 2015 | $2,411 | $219,956 | $43,744 | $176,212 |
| 2014 | $2,354 | $215,668 | $42,888 | $172,780 |
Source: Public Records
Agents Affiliated with this Home
-
Casey Smyth
Seller's Agent in 2023
Casey Smyth
NextHome North Valley Realty
(530) 864-6810
9 in this area
133 Total Sales
-
NoEmail NoEmail
N
Buyer's Agent in 2023
NoEmail NoEmail
NONMEMBER MRML
(646) 541-2551
5,672 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SN23146463
APN: 043-131-024-000
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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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