Seller's Agent in 2022
Steven Depa
RE/MAX
(530) 520-8672
144 Total Sales
Estimated Value: $690,000 - $825,000
7
Beds
4
Baths
2,150
Sq Ft
$357/Sq Ft
Est. Value
Highlights
- Cooling System Mounted To A Wall/Window
- Laundry Room
- Front Yard
- Chico Junior High School Rated A-
- Wall Furnace
About This Home
As of November 2022INVESTMENT OPPORTUNITY! If you’ve ever dreamt about owning a solid income producing asset on CSU, Chico’s doorstep— here is your opportunity to own four rental units! This property features (3) 2 bedroom/1 bath units, with an additional 1 bedroom/1 bath unit; each with their own unique charm, updated kitchens & baths, and in unit laundry. Alley offers ample off-street parking, and the proximity to campus, WREC center & all our beautiful downtown has to offer couldn’t be better. TENANT OCCUPIED & LEASED until May 2023. PLEASE DO NOT DISTURB TENANTS.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,743
Year Built
- Built in 1905
Lot Details
- 7,405 Sq Ft Lot
- Two or More Common Walls
- Front Yard
Home Design
- 2,150 Sq Ft Home
- Quadruplex
Bedrooms and Bathrooms
- 7 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
Utilities
- Cooling System Mounted To A Wall/Window
- Wall Furnace
Listing and Financial Details
- Tax Lot 23
- Assessor Parcel Number 004021007000
Community Details
Overview
- 4 Units
Building Details
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $1,586
- Trash Expense $644
- Water Sewer Expense $1,702
- New Taxes Expense $8,904
- Operating Expense $12,836
- Gross Income $5,280
- Net Operating Income $50,524
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 27, 2022
Closed on
Oct 19, 2022
Sold by
Edelman Properties Llc
Bought by
Allen L Renville Revocable Trust
Seller's Agent
Steven Depa
Re/Max of Chico
Buyer's Agent
Steven Depa
Re/Max of Chico
List Price
$795,000
Sold Price
$775,000
Premium/Discount to List
-$20,000
-2.52%
Views
4
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
-$80,258
Avg. Annual Appreciation
-1.50%
Original Mortgage
$497,250
Outstanding Balance
$481,632
Interest Rate
6.7%
Mortgage Type
New Conventional
Estimated Equity
$261,582
Purchase Details
Closed on
Apr 1, 2011
Sold by
Edelman Samuel M and Edelman Carol F
Bought by
Edelman Properties Llc
Purchase Details
Closed on
Apr 10, 2007
Sold by
Edelman Samuel M and Edelman Carol F
Bought by
Edelman Samuel M and Edelman Carol F
Purchase Details
Closed on
Aug 5, 2002
Sold by
Chapla Peter David and Chapla Linda Dean
Bought by
Edelman Samuel M and Edelman Carol F S
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,500
Interest Rate
6.51%
Purchase Details
Closed on
Nov 25, 1997
Sold by
Bassler William G and Bassler Mona
Bought by
Chapla Peter David and Chapla Linda Dean
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,000
Interest Rate
7.33%
Mortgage Type
Seller Take Back
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 |
|---|---|---|---|
| Allen L Renville Revocable Trust | $775,000 | Mid Valley Title | |
| Edelman Properties Llc | -- | None Available | |
| Edelman Samuel M | -- | None Available | |
| Edelman Samuel M | $310,000 | Mid Valley Title & Escrow Co | |
| Chapla Peter David | $133,000 | Mid Valley Title & Escrow Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Allen L Renville Revocable Trust | $497,250 | |
| Previous Owner | Edelman Samuel M | $372,711 | |
| Previous Owner | Edelman Carol F S | $369,750 | |
| Previous Owner | Edelman Samuel M | $232,500 | |
| Previous Owner | Chapla Peter David | $112,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/02/2022 11/02/22 | Sold | $775,000 | -2.5% | $360 / Sq Ft |
| 08/05/2022 08/05/22 | Pending | -- | -- | -- |
| 07/27/2022 07/27/22 | For Sale | $795,000 | -- | $370 / 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 |
|---|---|---|---|---|
| 2025 | $8,743 | $806,209 | $228,888 | $577,321 |
| 2024 | $8,743 | $787,950 | $224,400 | $563,550 |
| 2023 | $8,640 | $775,000 | $220,000 | $555,000 |
| 2022 | $4,723 | $421,244 | $184,239 | $237,005 |
| 2021 | $4,636 | $413,083 | $180,627 | $232,456 |
| 2020 | $4,623 | $408,899 | $178,775 | $230,124 |
| 2019 | $4,541 | $400,980 | $175,270 | $225,710 |
| 2018 | $4,459 | $393,217 | $171,834 | $221,383 |
| 2017 | $4,369 | $385,606 | $168,465 | $217,141 |
| 2016 | $3,989 | $378,144 | $165,162 | $212,982 |
| 2015 | $3,989 | $372,540 | $162,682 | $209,858 |
| 2014 | $3,894 | $365,342 | $159,496 | $205,846 |
Source: Public Records
Agents Affiliated with this Home
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SN22163572
APN: 004-021-007-000
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