827 W 2nd Ave Chico, CA 95926
Chico Vecino NeighborhoodEstimated Value: $380,000 - $438,000
4
Beds
2
Baths
1,462
Sq Ft
$273/Sq Ft
Est. Value
Highlights
- Wood Flooring
- Private Yard
- Neighborhood Views
- Chico Junior High School Rated A-
- No HOA
- Fireplace
About This Home
As of October 2020Prime Investment Property with Development Potential for more units! This property is located Close to Chico State, downtown and shopping. The current home offers a 4 bedroom 1 and 1/2 baths with hardwood floors, updated bathrooms, a large backyard, open floor plan and indoor laundry. It's currently rented at $2,300 per month with new tenants on a 1 year lease. This lot has the potential for additional units to be built. The seller has plans drawn for a triplex to be built on the back portion of the lot consisting of Three, Two story, 2 bedroom 2 bath units to maximize your ROI. Current home includes leased solar from Tesla to lower your tenants utility costs. This property is a great investment with the ability to expand!! Click on the 3D tour to see this home.
Last Agent to Sell the Property
Parkway Real Estate Co. License #01486988 Listed on: 06/11/2020
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,636
Year Built
- Built in 1962
Lot Details
- 8,276 Sq Ft Lot
- No Common Walls
- Wood Fence
- Fence is in average condition
- Level Lot
- Private Yard
- Lawn
- Back and Front Yard
- Density is 11-15 Units/Acre
Home Design
- Turnkey
- Brick Exterior Construction
- Raised Foundation
- Slab Foundation
- Composition Roof
- Wood Siding
Interior Spaces
- 1,462 Sq Ft Home
- 1-Story Property
- Fireplace
- Living Room
- Neighborhood Views
Kitchen
- Electric Oven
- Electric Range
Flooring
- Wood
- Carpet
- Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Bathrooms
Laundry
- Laundry Room
- 220 Volts In Laundry
- Washer and Electric Dryer Hookup
Utilities
- Central Heating and Cooling System
- 220 Volts in Kitchen
- Conventional Septic
- Cable TV Available
Additional Features
- Grid-tied solar system exports excess electricity
- Urban Location
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 54,55
- Assessor Parcel Number 043162021000
Community Details
Overview
- No Home Owners Association
Building Details
- Rent Control
- 1 Separate Electric Meter
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Gardener Expense $960
- Insurance Expense $1,000
- Professional Management Expense $2,700
- Water Sewer Expense $1,080
- New Taxes Expense $4,188
- Operating Expense $8,928
- Gross Income $27,600
- Net Operating Income $19,263
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 11, 2020
Closed on
Oct 28, 2020
Sold by
Tozier Kevin and Tozier Erin
Bought by
Paustell Rebecca
Seller's Agent
Rick Sufuentes
Parkway Real Estate Co.
Buyer's Agent
Rick Sufuentes
Parkway Real Estate Co.
List Price
$335,000
Sold Price
$324,000
Premium/Discount to List
-$11,000
-3.28%
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
$74,764
Avg. Annual Appreciation
4.09%
Purchase Details
Listed on
Apr 16, 2018
Closed on
Jan 14, 2019
Sold by
Garcia Sara S
Bought by
Tozier Kevin and Tozier Erin
Seller's Agent
Hobie Jensen
Parkway Real Estate Co.
Buyer's Agent
B.J. Parsons
Parkway Real Estate Co.
List Price
$274,999
Sold Price
$280,000
Premium/Discount to List
$5,001
1.82%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.55%
Original Mortgage
$210,000
Interest Rate
4.7%
Mortgage Type
Commercial
Purchase Details
Listed on
Jul 8, 2016
Closed on
Oct 24, 2016
Sold by
Jensen Hobie A and Chinchiolo Ronald J
Bought by
Garcia Sara S
Seller's Agent
Hobie Jensen
Parkway Real Estate Co.
Buyer's Agent
Hobie Jensen
Parkway Real Estate Co.
List Price
$270,000
Sold Price
$235,000
Premium/Discount to List
-$35,000
-12.96%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.14%
Original Mortgage
$188,000
Interest Rate
3.44%
Mortgage Type
New Conventional
Purchase Details
Listed on
Jul 8, 2016
Closed on
Oct 21, 2016
Sold by
Fuentes Victor F
Bought by
Garcia Sara S
Seller's Agent
Hobie Jensen
Parkway Real Estate Co.
Buyer's Agent
Hobie Jensen
Parkway Real Estate Co.
List Price
$270,000
Sold Price
$235,000
Premium/Discount to List
-$35,000
-12.96%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,000
Interest Rate
3.44%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 29, 2009
Sold by
Demma Gerald J and Demma Elke
Bought by
Jensen Hobie A and Chinchiolo Ronald J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,000
Interest Rate
4.8%
Mortgage Type
Purchase Money Mortgage
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John Brophy GUIDE Real Estate
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 |
|---|---|---|---|
| Paustell Rebecca | $324,000 | Mid Valley T&E Co | |
| Tozier Kevin | $280,000 | Mid Valley Title & Escrow Co | |
| Garcia Sara S | $235,000 | Mid Valley Title & Escrow Co | |
| Garcia Sara S | -- | Mid Valley Title & Escrow Co | |
| Jensen Hobie A | $157,500 | Fidelity Natl Title Co Of Ca |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Tozier Kevin | $210,000 | |
| Previous Owner | Garcia Sara S | $188,000 | |
| Previous Owner | Jensen Hobie A | $126,000 | |
| Previous Owner | Demma Gerald J | $51,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/30/2020 10/30/20 | Sold | $324,000 | -0.3% | $222 / Sq Ft |
| 08/22/2020 08/22/20 | Pending | -- | -- | -- |
| 08/06/2020 08/06/20 | Price Changed | $325,000 | -3.0% | $222 / Sq Ft |
| 06/11/2020 06/11/20 | For Sale | $335,000 | +19.6% | $229 / Sq Ft |
| 01/19/2019 01/19/19 | Sold | $280,000 | +1.8% | $192 / Sq Ft |
| 12/20/2018 12/20/18 | Pending | -- | -- | -- |
| 12/19/2018 12/19/18 | For Sale | $274,999 | 0.0% | $188 / Sq Ft |
| 11/28/2018 11/28/18 | Pending | -- | -- | -- |
| 11/24/2018 11/24/18 | For Sale | $274,999 | 0.0% | $188 / Sq Ft |
| 11/19/2018 11/19/18 | Pending | -- | -- | -- |
| 09/10/2018 09/10/18 | Price Changed | $274,999 | -1.8% | $188 / Sq Ft |
| 05/19/2018 05/19/18 | Price Changed | $279,999 | -1.8% | $192 / Sq Ft |
| 02/14/2018 02/14/18 | For Sale | $285,000 | +21.3% | $195 / Sq Ft |
| 10/25/2016 10/25/16 | Sold | $235,000 | -2.1% | $161 / Sq Ft |
| 08/26/2016 08/26/16 | Price Changed | $240,000 | -4.0% | $164 / Sq Ft |
| 08/18/2016 08/18/16 | Price Changed | $249,900 | -3.8% | $171 / Sq Ft |
| 07/19/2016 07/19/16 | Price Changed | $259,900 | -3.7% | $178 / Sq Ft |
| 07/08/2016 07/08/16 | For Sale | $270,000 | -- | $185 / 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 | $4,636 | $343,830 | $175,099 | $168,731 |
| 2023 | $4,591 | $337,089 | $171,666 | $165,423 |
| 2022 | $4,531 | $330,480 | $168,300 | $162,180 |
| 2021 | $4,461 | $324,000 | $165,000 | $159,000 |
| 2020 | $4,056 | $285,600 | $132,600 | $153,000 |
| 2019 | $3,597 | $244,494 | $124,848 | $119,646 |
| 2018 | $2,720 | $239,700 | $122,400 | $117,300 |
| 2017 | $2,673 | $235,000 | $120,000 | $115,000 |
| 2016 | $2,233 | $217,558 | $130,535 | $87,023 |
| 2015 | $2,231 | $214,291 | $128,575 | $85,716 |
| 2014 | $2,069 | $200,000 | $110,000 | $90,000 |
Source: Public Records
Agents Affiliated with this Home
-
Rick Sufuentes
Seller's Agent in 2020
Rick Sufuentes
Parkway Real Estate Co.
(530) 270-3815
4 in this area
112 Total Sales
-
Hobie Jensen
Seller's Agent in 2019
Hobie Jensen
Parkway Real Estate Co.
(209) 915-3376
8 in this area
164 Total Sales
-
Stephanie Jensen
Seller Co-Listing Agent in 2019
Stephanie Jensen
Parkway Real Estate Co.
(530) 356-8852
6 in this area
150 Total Sales
-
B
Buyer's Agent in 2019
B.J. Parsons
Parkway Real Estate Co.
(530) 592-3432
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SN20112866
APN: 043-162-021-000
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