NOT LISTED FOR SALE

848 Rancheria Dr Chico, CA 95926

Chico Vecino Neighborhood

Estimated Value: $612,000 - $789,000

4 Beds
2 Baths
3,604 Sq Ft
$183/Sq Ft Est. Value

Last Sold May 31, 2016

Last sale price $385,000 $107 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $4,013/month

10 Days on Market

About This Home

As of May 2016

Hard to find 4plex located a few blocks north of CSUC right next to bike path. All units are 2 bedrooms 1 bath. 3 units are leased until 6/30/2017. As of 7/1/2016 gross rent will be $2975/mo. One unit will be moving out in July with an opportunity to do improvements and bump rent further.

Last Agent to Sell the Property

Ryan Vaught

Ryno Company License #01444141 Listed on: 04/12/2016

Last Buyer's Agent

Casey Smyth

NextHome North Valley Realty License #01941937

NextHome North Valley Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,024

Year Built

  • Built in 1971

Lot Details

  • 8,276 Sq Ft Lot
  • Two or More Common Walls

Parking

  • 5 Parking Spaces

Home Design

  • 3,604 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Additional Features

  • Exterior Lighting
  • Property is near public transit

Listing and Financial Details

  • Assessor Parcel Number 043180015000

Community Details

Overview

  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,500
  • Gardener Expense $500
  • Insurance Expense $1,200
  • Professional Management Expense $3,000
  • Trash Expense $1,020
  • Water Sewer Expense $2,400
  • New Taxes Expense $4,600
  • Gross Income $2,970
  • Net Operating Income $21,480

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,024

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Professional Management Expense: 3000.00
  • Property Attached: Yes
  • Water Sewer Expenses: 2400.00
  • Property Type: Residential Income
  • Gardener Expense: 500.00
  • Parcel Number: 043180015000
  • Year Built: 1971
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 106.83

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Sewer Connected
  • Trash Expense: 1020.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Street Lights

Lot Info

  • Land Lease: No
  • Lot Features: Near Public Transit
  • Lot Size Sq Ft: 8276.00
  • Price Per Lot Square Foot: 46.52

Multi Family

  • Electric Expense: 1500.00
  • Gross Income: 2970.00
  • Gross Scheduled Income: 35700.00
  • Insurance Expense: 1200.00
  • Net Operating Income: 21480.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 14220.00
  • Operating Expense Percent: 60.00
  • Rent Control: No
  • Total Actual Rent: 2970.00

Tax Info

  • New Taxes Expense: 4600.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 12, 2016
Closed on
May 27, 2016
Sold by
Truong Michelle P and Tang Thanh Hoa
Bought by
Mari Travis and Mari Jessyca
Seller's Agent
Ryan Vaught
Ryno Company
Buyer's Agent
Casey Smyth
NextHome North Valley Realty
List Price
$389,000
Sold Price
$385,000
Premium/Discount to List
-$4,000
-1.03%
Current Estimated Value
$659,539

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$274,539
Avg. Annual Appreciation
6.01%

Purchase Details

Closed on
Apr 25, 2002
Sold by
Heng Lac Bat
Bought by
Tang Thanh Hoa and Truong Michelle P

Purchase Details

Closed on
Oct 30, 2000
Sold by
Wright Thomas R and Wright Nicholina C
Bought by
Heng Lac Bat

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Interest Rate
7.82%
Source: Public Records

Range of Values:

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Average Value
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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
Mari Travis $385,000 Mid Valley Title & Escrow Co
Tang Thanh Hoa $265,000 Mid Valley Title & Escrow Co
Heng Lac Bat $160,000 Bidwell Title & Escrow Compa
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Tang Thanh Hoa $100,000
Previous Owner Heng Lac Bat $46,000
Previous Owner Heng Lac Bat $144,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2016 05/31/16 Sold $385,000 -1.0% $107 / Sq Ft
04/22/2016 04/22/16 Pending -- -- --
04/12/2016 04/12/16 For Sale $389,000 -- $108 / 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 $5,024 $460,755 $142,051 $318,704
2024 $5,024 $446,819 $139,266 $307,553
2023 $4,966 $443,059 $136,536 $306,523
2022 $4,887 $434,470 $133,859 $300,611
2021 $4,796 $426,050 $131,235 $294,815
2020 $4,784 $421,734 $129,890 $291,844
2019 $4,698 $413,564 $127,344 $286,220
2018 $4,614 $405,554 $124,848 $280,706
2017 $4,553 $397,700 $122,400 $275,300
2016 $3,525 $329,451 $93,588 $235,863
2015 $3,526 $324,579 $92,183 $232,396
2014 $3,302 $305,000 $100,000 $205,000
Source: Public Records

Agents Affiliated with this Home

  • Ryan Vaught

    Seller's Agent in 2016

    Ryan Vaught

    Ryno Company

    (530) 343-2959

    4 in this area

    19 Total Sales

    Section Image

  • C

    Buyer's Agent in 2016

    Casey Smyth

    NextHome North Valley Realty

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CH16075706

California Regional Multiple Listing Service (CRMLS)

APN: 043-180-015-000

California Butte County Chico 95926 Chico Vecino

848 Rancheria Dr, Chico, CA

This home is located at 848 Rancheria Dr, Chico, CA 95926 since 12 April 2016 and is currently estimated at $659,539, approximately $183 per square foot. This property was built in 1971. 848 Rancheria Dr is a home located in Butte County with nearby schools including Citrus Avenue Elementary School, Chico Junior High School, and Chico High School.

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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