Estimated Value: $543,205 - $570,000
5
Beds
4
Baths
2,426
Sq Ft
$229/Sq Ft
Est. Value
Highlights
- Central Heating and Cooling System
- Bidwell Junior High School Rated A-
- Paved or Partially Paved Lot
About This Home
As of November 2015Pride of ownership abounds! This immaculate duplex has been lovingly maintained by the owner and it shows inside and out. Property is comprised of one 2 bedroom, 2 bath unit and one 3 bedroom, 2 bath unit - each with it's own fireplace, garage and large private yard. Properties in Morseman Village are highly desired by a quality tenant base who value the space, privacy, abundant mature landscaping and the close proximity to shopping, schools, freeway access and more. Not only is this property a tremendous investment, but would also be an incredible opportunity for an owner-occupant to purchase and live in one side while renting the other out to significantly offset the mortgage payment. Gross rents are currently $2,500 per month.
Last Agent to Sell the Property
Re/Max of Chico License #01236305 Listed on: 10/05/2015
Last Buyer's Agent
Bev Scott
People's Choice Brokers License #01372695
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,173
Year Built
- Built in 1979
Lot Details
- 0.31 Acre Lot
- 1 Common Wall
- Paved or Partially Paved Lot
- Front Yard Sprinklers
Parking
- 2 Car Garage
- Parking Available
- Unassigned Parking
Home Design
- Property Attached
Interior Spaces
- 2,426 Sq Ft Home
- Living Room with Fireplace
Bedrooms and Bathrooms
- 5 Bedrooms
- 4 Bathrooms
Outdoor Features
- Exterior Lighting
- Rain Gutters
Utilities
- Central Heating and Cooling System
- Conventional Septic
Listing and Financial Details
- Assessor Parcel Number 007380025000
Community Details
Overview
- 2 Units
Building Details
- 2 Separate Electric Meters
- 3 Separate Gas Meters
- 3 Separate Water Meters
- Gross Income $2,500
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 5, 2015
Closed on
Oct 30, 2015
Sold by
Albini Alan R and Frisco Albini Sandra R
Bought by
Scott Revocable Inter Vivos Trust
Seller's Agent
Daniel Bosch
Re/Max of Chico
Buyer's Agent
Bev Scott
People's Choice Brokers
List Price
$335,000
Sold Price
$325,000
Premium/Discount to List
-$10,000
-2.99%
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
$231,301
Avg. Annual Appreciation
5.56%
Purchase Details
Closed on
Jun 30, 2005
Sold by
Frisco Albini Sandra Rose and Albini Alan R
Bought by
Albini Alan R and Frisco Albini Sandra R
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$297,000
Interest Rate
5.65%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 18, 2003
Sold by
Albini Alan R and Frisco Albini Sandra R
Bought by
Albini Alan R
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$20,000
Interest Rate
5.61%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
Mar 28, 2000
Sold by
Albini Alan R and Frisco Albini Sanra R
Bought by
Albini Alan Roger and Frisco Albini Sandra Rose
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,800
Interest Rate
8.38%
Mortgage Type
Stand Alone First
Purchase Details
Closed on
Mar 22, 2000
Sold by
Rupp Barbara L
Bought by
Albini Alan R and Frisco Albini Sandra R
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,800
Interest Rate
8.38%
Mortgage Type
Stand Alone First
Purchase Details
Closed on
Jan 6, 1997
Sold by
Butterfield Ira K and Butterfield Helen M
Bought by
Rupp Barbara L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,700
Interest Rate
7.53%
Mortgage Type
Seller Take Back
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Scott Revocable Inter Vivos Trust | $325,000 | Mid Valley Title & Escrow Co | |
| Albini Alan R | -- | Fidelity Natl Title Co Of Ca | |
| Albini Alan R | -- | Fidelity Natl Title Co Of Ca | |
| Albini Alan R | -- | Fidelity National Title Ca | |
| Albini Alan R | -- | Fidelity National Title Ca | |
| Albini Alan R | -- | Fidelity Natl Title Of Ca | |
| Albini Alan Roger | -- | Fidelity National Title | |
| Albini Alan R | $164,000 | Fidelity National Title | |
| Rupp Barbara L | $150,000 | Fidelity National Title Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Albini Alan R | $297,000 | |
| Previous Owner | Albini Alan R | $20,000 | |
| Previous Owner | Albini Alan R | $161,500 | |
| Previous Owner | Frisco Albini Sandra Rose | $25,750 | |
| Previous Owner | Albini Alan R | $114,800 | |
| Previous Owner | Rupp Barbara L | $110,700 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/13/2015 11/13/15 | Sold | $325,000 | -3.0% | $134 / Sq Ft |
| 10/14/2015 10/14/15 | Pending | -- | -- | -- |
| 10/05/2015 10/05/15 | For Sale | $335,000 | -- | $138 / 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 | $4,173 | $377,185 | $150,874 | $226,311 |
| 2023 | $4,124 | $369,790 | $147,916 | $221,874 |
| 2022 | $4,058 | $362,540 | $145,016 | $217,524 |
| 2021 | $3,981 | $355,432 | $142,173 | $213,259 |
| 2020 | $3,970 | $351,789 | $140,716 | $211,073 |
| 2019 | $3,903 | $344,892 | $137,957 | $206,935 |
| 2018 | $3,832 | $338,130 | $135,252 | $202,878 |
| 2017 | $3,754 | $331,500 | $132,600 | $198,900 |
| 2016 | $3,427 | $325,000 | $130,000 | $195,000 |
| 2015 | $2,250 | $209,719 | $76,724 | $132,995 |
| 2014 | $2,208 | $205,612 | $75,222 | $130,390 |
Source: Public Records
Agents Affiliated with this Home
-
Daniel Bosch
Seller's Agent in 2015
Daniel Bosch
RE/MAX
(530) 321-8330
62 Total Sales
-
B
Buyer's Agent in 2015
Bev Scott
People's Choice Brokers
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CH15218507
APN: 007-380-025-000
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