NOT LISTED FOR SALE

Estimated Value: $550,925 - $592,000

8 Beds
4 Baths
3,012 Sq Ft
$190/Sq Ft Est. Value

Last Sold March 01, 2024

Last sale price $550,000 $183 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $3,423/month

255 Days on Market

Highlights

  • No HOA
  • Neighborhood Views
  • Laundry Room
  • Chico Junior High School Rated A-
  • Living Room
  • Central Heating and Cooling System

About This Home

As of March 2024

The perfect investment opportunity! Located just minutes from downtown Chico and the university, this duplex gives you the rare chance of earning an additional income. Each unit gives you 4 bedrooms, 2 bathrooms, a spacious living area, updated flooring, a nicely sized kitchen with a breakfast bar, a laundry room and a private backyard that is perfect for hosting a barbecue with friends. The property itself also features a private parking lot giving you plenty of space for everyone to park. Being located so close to downtown, everything Chico offers is right at your fingertips. Enjoy the Saturday farmers market in the morning or the local happenings in the evening. If you are looking to build wealth with a property in a prime location, this is the place for you!

Last Agent to Sell the Property

Raquel Henderson

Re/Max of Chico License #02160582 Listed on: 05/08/2023

Re/Max of Chico

Last Buyer's Agent

Jennifer Fortino

Coldwell Banker Select Real Estate License #01755778

Coldwell Banker Select Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,701

Year Built

  • Built in 1990

Lot Details

  • 8,712 Sq Ft Lot
  • 1 Common Wall
  • Wood Fence
  • Back Yard

Home Design

  • Duplex
  • Entry on the 1st floor
  • Composition Roof

Interior Spaces

  • 3,012 Sq Ft Home
  • 2-Story Property
  • Living Room
  • Neighborhood Views
  • Dishwasher
  • Laundry Room

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Parking

  • Parking Available
  • Private Parking
  • On-Site Parking
  • Parking Lot

Additional Features

  • Suburban Location
  • Central Heating and Cooling System

Listing and Financial Details

  • Legal Lot and Block 2 / 117
  • Assessor Parcel Number 004266003000

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 1 Separate Electric Meter
  • 2 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,701

Year Built

Built in 1990

Lot Details

0

Listing Details

  • Assessments: Yes
  • Price Per Unit: 275000
  • Property Attached: Yes
  • View: Yes
  • Zoning: C2
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 004266003000
  • Year Built: 1990
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Entry Location: 1
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Laminate
  • Appliances: Yes
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 182.60
  • Room Type: Kitchen, Living Room

Exterior Features

  • View: Neighborhood
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Parking: Yes
  • Parking Features: On Site, Parking Space, Private

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Refrigerator
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Lot 6500-9999
  • Lot Size Sq Ft: 8712.00
  • Lot Size Acres: 0.2000

Multi Family

  • Lot Size Area: 8712.0000 Square Feet
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Rent Control: No

Tax Info

  • Tax Block: 117
  • Tax Census Tract: 11.00
  • Tax Lot: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 8, 2023
Closed on
Feb 21, 2024
Sold by
Riley Ventures Llc
Bought by
Pietro Jack Darrah and Lucido Cadyn Leone
Seller's Agent
Raquel Henderson
Re/Max of Chico
Buyer's Agent
Jennifer Fortino
Coldwell Banker Select Real Estate
List Price
$625,000
Sold Price
$550,000
Premium/Discount to List
-$75,000
-12%
Views
316
Current Estimated Value
$571,731

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$21,731
Avg. Annual Appreciation
3.46%
Original Mortgage
$495,000
Outstanding Balance
$487,681
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
$92,664

Purchase Details

Closed on
Jul 13, 2006
Sold by
Riley Franklin K and Riley Teresa
Bought by
Riley Ventures Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$241,500
Interest Rate
6.57%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 6, 2006
Sold by
Nelson Gary F and Nelson Suzanne S
Bought by
Riley Franklin K and Riley Teresa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$241,500
Interest Rate
6.57%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 4, 1997
Sold by
Nelson Gary F and Nelson Suzanne S
Bought by
Nelson Gary F and Nelson Suzanne S
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
Pietro Jack Darrah $550,000 Old Republic Title
Riley Ventures Llc -- Mid Valley Title & Escrow Co
Riley Franklin K $322,000 Mid Valley Title & Escrow Co
Nelson Gary F -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pietro Jack Darrah $495,000
Previous Owner Riley Franklin K $241,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/01/2024 03/01/24 Sold $550,000 0.0% $183 / Sq Ft
12/12/2023 12/12/23 Price Changed $550,000 -4.3% $183 / Sq Ft
11/07/2023 11/07/23 Price Changed $575,000 -4.0% $191 / Sq Ft
08/01/2023 08/01/23 Price Changed $599,000 -4.2% $199 / Sq Ft
06/12/2023 06/12/23 For Sale $625,000 +13.6% $208 / Sq Ft
05/23/2023 05/23/23 Off Market $550,000 -- --
05/08/2023 05/08/23 For Sale $625,000 -- $208 / 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 $4,701 $561,000 $193,800 $367,200
2024 $4,701 $422,932 $157,612 $265,320
2023 $4,645 $414,640 $154,522 $260,118
2022 $4,575 $406,511 $151,493 $255,018
2021 $4,485 $398,541 $148,523 $250,018
2020 $4,475 $394,456 $147,001 $247,455
2019 $4,397 $386,722 $144,119 $242,603
2018 $4,315 $379,141 $141,294 $237,847
2017 $4,225 $371,708 $138,524 $233,184
2016 $3,858 $364,420 $135,808 $228,612
2015 $3,857 $358,948 $133,769 $225,179
2014 $3,749 $350,000 $130,000 $220,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN23077277

California Regional Multiple Listing Service (CRMLS)

APN: 004-266-003-000