NOT LISTED FOR SALE

Estimated Value: $510,000 - $702,000

16 Beds
4 Baths
5,736 Sq Ft
$106/Sq Ft Est. Value

Last Sold July 13, 2021

Last sale price $800,000 $139 Per Sq Ft

Est. 24% decrease in value since last sale

Current estimated payment $3,902/month

876 Days on Market

Highlights

  • 0.43 Acre Lot
  • Property is near public transit
  • High Ceiling
  • Parkview Elementary School Rated A-
  • Corner Lot
  • 2-minute walk to Humboldt Avenue Skate Park

About This Home

As of July 2021

Prime downtown Chico income property with four - (4)bedroom units consisting of 2 duplexes and a vacant corner lot with development opportunity. This listing is comprised of 2 parcels being sold together. 828 and 828 1/2 Wall St. is a duplex on one parcel, and 836 and 836 1/2 Wall St. plus the vacant corner lot are on the second and larger parcel. The addresses for the vacant lot will be on 9th St. and per the City of Chico are zoned C1, commercial mixed use including retail, residential, commercial and office. The 2 residential duplexes are very similar and have a strong rental history. Each unit consists of 4 bedrooms and 1 bath large living room and kitchen, with laundry in 3 of the units, and high ceilings and porches in the upstairs units.

Last Agent to Sell the Property

Jenifer (Bel Fricke

Parkway Real Estate Co. License #01935943 Listed on: 01/16/2019

Co-Listed By

Lori Akers

License #01081260

Last Buyer's Agent

Lori Akers

Parkway Real Estate Co. License #01081260

Parkway Real Estate Co.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,414

Year Built

  • Built in 1918

Lot Details

  • 0.43 Acre Lot
  • 1 Common Wall
  • Partially Fenced Property
  • Chain Link Fence
  • Corner Lot
  • Irregular Lot
  • 004421003000
  • Value in Land

Home Design

  • Property Attached
  • Composition Roof

Interior Spaces

  • 5,736 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • High Ceiling
  • Ceiling Fan
  • Laundry Room

Kitchen

  • Gas Range
  • Laminate Countertops

Flooring

  • Carpet
  • Laminate
  • Concrete
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 4 Bathrooms

Location

  • Property is near public transit

Utilities

  • Heating System Uses Natural Gas
  • Wall Furnace
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, telephone
  • Assessor Parcel Number 004421004000

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $2,400
  • Trash Expense $1,176
  • Water Sewer Expense $2,293
  • New Taxes Expense $11,875
  • Operating Expense $17,744
  • Gross Income $74,400
  • Net Operating Income $56,656

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,414

Year Built

Built in 1918

Lot Details

0

Listing Details

  • Assessments: Yes
  • Inclusions: Refrigerators in 828, 8281/2, 836 1/2. Washer/dryers in 836 1/2, 828.
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Water Sewer Expenses: 2293.00
  • Zoning: C1
  • Property Type: Residential Income
  • Parcel Number: 004421004000
  • Year Built: 1918
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Built-in Features, Ceiling Fan(s), High Ceilings, Laminate Counters
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Concrete, Laminate, Tile, Vinyl
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 139.47

Exterior Features

  • Fence: Yes
  • Fencing: Chain Link, Partial
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range, Refrigerator
  • Heating Type: Wall Furnace, Natural Gas
  • Laundry Features: Common Area, Inside
  • Sewer: Public Sewer
  • Trash Expense: 1176.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 004421003000
  • Land Lease: No
  • Lot Features: Corner Lot, Irregular Lot, Near Public Transit, Value In Land
  • Lot Size Sq Ft: 18535.00
  • Lot Size Acres: 0.4255

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Telephone

Multi Family

  • Gross Income: 74400.00
  • Gross Scheduled Income: 74400.00
  • Insurance Expense: 2400.00
  • Lot Size Area: 18535.0000 Square Feet
  • Net Operating Income: 56656.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 17744.00
  • Operating Expense Percent: 25.00
  • Rent Control: No
  • Total Actual Rent: 5500.00
  • Total Expenses: 17744.00

Tax Info

  • New Taxes Expense: 11875.00
  • Tax Census Tract: 10.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 16, 2019
Closed on
Jul 8, 2021
Sold by
Long Scot and Long Keri
Bought by
Lomker Jared and Lomker Hollie
Seller's Agent
Jenifer (Bel Fricke
Parkway Real Estate Co.
Buyer's Agent
Lori Akers
Parkway Real Estate Co.
List Price
$950,000
Sold Price
$800,000
Premium/Discount to List
-$150,000
-15.79%
Current Estimated Value
$606,812

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$193,188
Avg. Annual Appreciation
-6.74%
Original Mortgage
$450,000
Outstanding Balance
$412,705
Interest Rate
2.9%
Mortgage Type
Seller Take Back
Estimated Equity
$194,107

Purchase Details

Closed on
Feb 22, 2002
Sold by
Sauer Christian H and Hathaway Virginia C
Bought by
Long Scot and Long Keri

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
6.8%
Mortgage Type
Commercial
Source: Public Records

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Range of Values:

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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
Lomker Jared $800,000 Fidelity Natl Ttl Co Of Ca
Long Scot $250,000 Mid Valley Title & Escrow Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lomker Jared $450,000
Previous Owner Long Scot $198,768
Previous Owner Long Scot $175,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/13/2021 07/13/21 Sold $800,000 -15.8% $139 / Sq Ft
06/10/2021 06/10/21 Pending -- -- --
01/02/2020 01/02/20 For Sale $950,000 +18.8% $166 / Sq Ft
12/31/2019 12/31/19 Off Market $800,000 -- --
08/01/2019 08/01/19 For Sale $950,000 +18.8% $166 / Sq Ft
06/30/2019 06/30/19 Off Market $800,000 -- --
01/16/2019 01/16/19 For Sale $950,000 -- $166 / 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
2024 $6,414 $431,766 $187,272 $244,494
2023 $6,357 $423,300 $183,600 $239,700
2022 $6,208 $396,729 $194,886 $201,843
2021 $5,829 $388,951 $191,065 $197,886
2020 $5,786 $384,963 $189,106 $195,857
2019 $5,710 $377,416 $185,399 $192,017
2018 $5,588 $370,016 $181,764 $188,252
2017 $5,499 $362,761 $178,200 $184,561
2016 $3,774 $355,649 $174,706 $180,943
2015 $3,773 $350,308 $172,082 $178,226
2014 $3,689 $343,447 $168,712 $174,735
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN19003825

California Regional Multiple Listing Service (CRMLS)

APN: 004-421-004-000