$370,000
SOLD MAR 28, 2018

843 Netters Cir Chico, CA 95973

5 Beds
4 Baths
2,426 Sq Ft
0.31 Acres

Recently Sold

$153 Per Sq Ft

3% Below List Price

7 Days on Market

Highlights

  • Lawn
  • Neighborhood Views
  • Central Heating and Cooling System
  • Bidwell Junior High School Rated A-
  • Laundry Room
  • Wood Fence

About This Home

As of March 2018

Excellent investment opportunity. Duplex: 3 bed/ 2 bath, and a 2 bed/2 bath. Spacious units with separate dining area, living room with fireplace, master bedrooms with master bath and lots of closet space. Refrigerators, electric ranges, dishwashers included. Laundry hook-ups in garage. New roof and exterior paint. New HVAC on one unit. New carpet and "vinyl plank" flooring in the 2 bed unit. This family-friendly development has wide streets with huge front yards and private fenced back yards. $150/mo HOA. Currently occupied with happy tenants!

Last Agent to Sell the Property

John Lawrence

Chico Area Realty License #01870759 Listed on: 02/16/2018

Last Buyer's Agent

Jessica MacKenzie

License #01319232

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,565

Year Built

  • Built in 1980

Lot Details

  • 0.31 Acre Lot
  • 1 Common Wall
  • Wood Fence
  • Front Yard Sprinklers
  • Lawn
  • Back and Front Yard

HOA Fees

  • $150 Monthly HOA Fees

Parking

  • 4 Open Parking Spaces
  • 2 Car Garage

Home Design

  • Property Attached
  • Composition Roof

Interior Spaces

  • 2,426 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace
  • Neighborhood Views

Kitchen

  • Electric Range
  • Formica Countertops

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Outdoor Features

  • Rain Gutters

Utilities

  • Central Heating and Cooling System
  • Conventional Septic

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Assessor Parcel Number 007380024000

Community Details

Overview

  • 2 Units
  • Moreseman Village Association

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $718
  • Other Expense $1,800
  • Professional Management Expense $2,079
  • Trash Expense $510
  • Water Sewer Expense $720
  • New Taxes Expense $4,180
  • Operating Expense $8,207
  • Net Operating Income $21,493

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,565

Year Built

Built in 1980

Lot Details

0

HOA Fees

$150 per month

Parking

2

Listing Details

  • Inclusions: 2 refrigerators, 2 elect ranges
  • Professional Management Expense: 2079.00
  • Property Attached: Yes
  • View: Yes
  • Water Sewer Expenses: 720.00
  • Zoning: R2
  • Property Type: Residential Income
  • Parcel Number: 007380024000
  • Year Built: 1980
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Formica Counters
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Laminate
  • Appliances: Yes
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 152.51
  • Room Type: Master Bathroom, Master Bedroom

Exterior Features

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

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Electric Range
  • Heating Type: Central
  • Laundry Features: In Garage
  • Sewer: Conventional Septic
  • Trash Expense: 510.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Association Fee: 150.00
  • Association Fee Frequency: Monthly
  • Association Name: Moreseman Village
  • Senior Community: No
  • Community Features: Gutters, Sidewalks, Storm Drains

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Lawn, Sprinklers In Front
  • Lot Size Sq Ft: 13504.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Scheduled Income: 29700.00
  • Insurance Expense: 718.00
  • Net Operating Income: 21493.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number With Dishwasher: 2
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 8207.00
  • Other Expense: 1800.00
  • Other Expense Description: HOA
  • Rent Control: No
  • Total Expenses: 8207.00

Tax Info

  • New Taxes Expense: 4180.00
  • Tax Census Tract: 2.01

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 16, 2018
Closed on
Mar 14, 2018
Sold by
Safe Rei Lllc
Bought by
Yarnel Kirk and Place Susan E
Seller's Agent
John Lawrence
Chico Area Realty
Buyer's Agent
Jessica MacKenzie
List Price
$380,000
Sold Price
$370,000
Premium/Discount to List
-$10,000
-2.63%
Current Estimated Value
$558,838

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$188,838
Avg. Annual Appreciation
5.30%

Purchase Details

Listed on
Feb 16, 2018
Closed on
Mar 13, 2018
Sold by
Eaton Jeffrey S
Bought by
Safe Rei Llc
Seller's Agent
John Lawrence
Chico Area Realty
Buyer's Agent
Jessica MacKenzie
List Price
$380,000
Sold Price
$370,000
Premium/Discount to List
-$10,000
-2.63%

Purchase Details

Closed on
Dec 17, 2014
Sold by
Eaton Stacey Goodman
Bought by
Eaton Jeffrey S

Purchase Details

Closed on
Jun 18, 2013
Sold by
Eaton Jeffrey S
Bought by
Safe Rei Llc

Purchase Details

Listed on
Nov 3, 2012
Closed on
Dec 28, 2012
Sold by
Scaglione Carolyn Jean and Arnold Family Living Trust
Bought by
Eaton Jeffery S
Seller's Agent
Eric Christensen
Keller Williams Realty Chico Area
Buyer's Agent
John Lawrence
Chico Area Realty
List Price
$250,000
Sold Price
$254,500
Premium/Discount to List
$4,500
1.8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.17%
Original Mortgage
$190,750
Interest Rate
3.27%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 3, 2012
Closed on
Dec 21, 2012
Sold by
Eaton Stacey Goodman
Bought by
Eaton Jeffery S
Seller's Agent
Eric Christensen
Keller Williams Realty Chico Area
Buyer's Agent
John Lawrence
Chico Area Realty
List Price
$250,000
Sold Price
$254,500
Premium/Discount to List
$4,500
1.8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,750
Interest Rate
3.27%
Mortgage Type
New Conventional
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $370,000 Mid Valley Title & Escrow Co
Grant Deed $185,000 Mid Valley Title & Escrow Co
Interfamily Deed Transfer -- Mid Valley Title & Escrow Co
Grant Deed $95,500 Mid Valley Title & Escrow Co
Grant Deed $127,500 Mid Valley Title & Escrow Co
Grant Deed $254,500 Bidwell Title & Escrow Co
Interfamily Deed Transfer -- Bidwell Title & Escrow Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $190,750 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/28/2018 03/28/18 Sold $370,000 -2.6% $153 / Sq Ft
02/23/2018 02/23/18 Pending -- -- --
02/16/2018 02/16/18 For Sale $380,000 +49.3% $157 / Sq Ft
01/04/2013 01/04/13 Sold $254,500 +1.8% $105 / Sq Ft
11/15/2012 11/15/12 Pending -- -- --
11/03/2012 11/03/12 For Sale $250,000 -- $103 / 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 $4,565 $420,991 $153,604 $267,387
2024 $4,565 $412,738 $150,593 $262,145
2023 $4,511 $404,646 $147,641 $257,005
2022 $4,439 $396,713 $144,747 $251,966
2021 $4,356 $388,935 $141,909 $247,026
2020 $4,343 $384,948 $140,454 $244,494
2019 $4,270 $377,400 $137,700 $239,700
2018 $3,234 $285,189 $105,626 $179,563
2017 $3,169 $279,598 $103,555 $176,043
2016 $2,892 $274,117 $101,525 $172,592
2015 $2,892 $270,000 $100,000 $170,000
2014 $2,727 $254,500 $90,000 $164,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN18037539

California Regional Multiple Listing Service (CRMLS)

APN: 007-380-024-000