NOT LISTED FOR SALE

Estimated Value: $565,977 - $605,000

6 Beds
3 Baths
3,392 Sq Ft
$173/Sq Ft Est. Value

Last Sold December 18, 2019

Last sale price $475,000 $140 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $3,587/month

7 Days on Market

Highlights

  • Property is near public transit
  • Laundry Room
  • Paved or Partially Paved Lot
  • Chico Junior High School Rated A-
  • Central Heating

About This Home

As of December 2019

Truly unique investment opportunity! The property has been updated and upgraded like no other - The owner has spared no expense in the improvement of the building recently and it is now the epitome of turn-key. All units have had new top-of-the-line TRANE central heat and air units installed, the entire building has been re-plumbed with new blue-line copper hot and cold water pipes and in addition, the hot water is now delivered via a new tankless, on-demand system… One unit has even been completely remodeled and is being rented at a premium as a fully-furnished apartment. All furnishings for this unit are even included with the sale! The stoves and ovens in all 4 units have been replaced and even the onsite laundry units have been refurbished providing the tenants with a quality facility and the owner with additional income in the process. The complex is located within easy walking distance to Chico State University as well as shopping and other conveniences, making it appealing for both students and non-students alike…Fully occupied and with solid rental history, this property is ready to add to your portfolio and to begin providing you with tremendous cash-flow from day one.

Last Agent to Sell the Property

Daniel Bosch

Re/Max of Chico License #01236305 Listed on: 10/21/2019

Re/Max of Chico

Last Buyer's Agent

Rob Jansen

Jansen Team Real Estate License #01799964

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,656

Year Built

  • Built in 1969

Lot Details

  • 8,712 Sq Ft Lot
  • Two or More Common Walls
  • Paved or Partially Paved Lot

Home Design

  • 3,392 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Additional Features

  • Laundry Room
  • Property is near public transit
  • Central Heating

Listing and Financial Details

  • Tax Lot 18
  • Assessor Parcel Number 043180018000

Community Details

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Gross Income $48,600
  • Net Operating Income $29,305

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,656

Year Built

Built in 1969

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Zoning: R3
  • Property Type: Residential Income
  • Parcel Number: 043180018000
  • Year Built: 1969
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 140.04

Exterior Features

  • Pool Private: No

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Storm Drains

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Near Public Transit, Paved
  • Lot Size Sq Ft: 8712.00
  • Lot Size Acres: 0.2000

Multi Family

  • Gross Income: 48600.00
  • Gross Scheduled Income: 48600.00
  • Lot Size Area: 8712.0000 Square Feet
  • Net Operating Income: 29305.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 19295.00
  • Rent Control: Yes

Tax Info

  • Tax Census Tract: 6.04
  • Tax Lot: 18

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 10, 2021
Sold by
Clark David B and Clark Tiffany
Bought by
Clark David and Clark Tiffany
Current Estimated Value
$587,744

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$365,000
Outstanding Balance
$333,327
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$243,030

Purchase Details

Closed on
Jun 10, 2021
Sold by
Clark David and Clark Tiffany
Bought by
Clark David and Clark Tiffany

Purchase Details

Listed on
Oct 21, 2019
Closed on
Nov 26, 2019
Sold by
Blodget Thomas A
Bought by
Clark David B and Clark Tiffany
Seller's Agent
Daniel Bosch
Re/Max of Chico
Buyer's Agent
Rob Jansen
Jansen Team Real Estate
List Price
$450,000
Sold Price
$475,000
Premium/Discount to List
$25,000
5.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.40%
Original Mortgage
$356,250
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 25, 2014
Sold by
Blodget Rush M and Blodget Margaret J
Bought by
Blodget Thomas A

Purchase Details

Listed on
Apr 19, 2013
Closed on
Jun 11, 2013
Sold by
Sabino Blodget Rozemary
Bought by
Blodget Thomas A
Seller's Agent
Steven Depa
Re/Max of Chico
Buyer's Agent
Carolyn Fejes
Re/Max of Chico
List Price
$298,000
Sold Price
$306,000
Premium/Discount to List
$8,000
2.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.28%
Original Mortgage
$236,000
Interest Rate
3.32%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Feb 21, 1997
Sold by
Waits Donald E and Waits Millicent
Bought by
Waits Donald E and Waits Millicent F
Source: Public Records

Range of Values:

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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

Date Buyer Sale Price Title Company
Clark David -- Pacific Coast Title
Clark David -- None Available
Clark David -- None Available
Clark David B $475,000 Mid Valley Title & Escrow Co
Blodget Thomas A $47,000 None Available
Blodget Thomas A -- Bidwell Title & Escrow Co
Blodget Thomas A $306,000 Bidwell Title & Escrow Co
Waits Donald E -- Bidwell Title & Escrow Compa
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Clark David $365,000
Closed Clark David B $356,250
Previous Owner Blodget Thomas A $236,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/18/2019 12/18/19 Sold $475,000 +5.6% $140 / Sq Ft
10/28/2019 10/28/19 Pending -- -- --
10/21/2019 10/21/19 For Sale $450,000 +47.1% $133 / Sq Ft
06/17/2013 06/17/13 Sold $306,000 +2.7% $90 / Sq Ft
05/10/2013 05/10/13 Pending -- -- --
04/19/2013 04/19/13 For Sale $298,000 -- $88 / 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
2025 $5,656 $519,289 $180,449 $338,840
2024 $5,656 $507,147 $176,911 $330,236
2023 $5,590 $499,204 $173,443 $325,761
2022 $5,501 $489,456 $170,043 $319,413
2021 $5,398 $479,899 $166,709 $313,190
2020 $5,383 $475,000 $165,000 $310,000
2019 $3,844 $337,788 $104,868 $232,920
2018 $3,774 $331,165 $102,812 $228,353
2017 $3,729 $324,673 $100,797 $223,876
2016 $3,408 $318,308 $98,821 $219,487
2015 $3,408 $313,528 $97,337 $216,191
2014 $3,328 $307,388 $95,431 $211,957
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN19247791

California Regional Multiple Listing Service (CRMLS)

APN: 043-180-018-000