NOT LISTED FOR SALE

862 Palmetto Ave Chico, CA 95926

Estimated Value: $368,000 - $448,000

2 Beds
1 Bath
936 Sq Ft
$440/Sq Ft Est. Value

Last Sold December 18, 2023

Last sale price $404,235 $432 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $2,527/month

3 Days on Market

Highlights

  • Updated Kitchen
  • Property is near park
  • L-Shaped Dining Room
  • Neal Dow Elementary School Rated A-
  • Wood Flooring
  • No HOA

About This Home

As of December 2023

Close to downtown, Bidwell Park, CSUC, schools and 2 blocks from shopping and restaurants you will find this renovated and adorable cottage style home with huge backyard! Recently remodeled kitchen and bath, hardwood floors, and fireplace add to the appeal of this charming home. The kitchen remodel includes new cabinets, solid surface counter tops, tile flooring and stainless appliances. The bath has new subway tile shower, vanity, and flooring. Currently used as an Airbnb this home is in move-in ready condition for you or would make a great investment. The garage is oversized with room for one car and storage; the driveway is oversized and may accommodate an RV. The backyard is super spacious with a patio, storage shed, clothes line and lots of lawn area for play; there appears to be room to add an ADU. So many options for this great home!! Make an appointment to see it today!

Last Agent to Sell the Property

Lori Akers

Parkway Real Estate Co. License #01081260 Listed on: 12/01/2023

Parkway Real Estate Co.

Last Buyer's Agent

Teresa Larson

Parkway Real Estate Co.

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1951 | Remodeled

Lot Details

  • 8,712 Sq Ft Lot
  • Wood Fence
  • Back and Front Yard
  • Property is zoned R1

Parking

  • 1 Car Attached Garage
  • Parking Available
  • RV Potential

Home Design

  • Cottage
  • Entry on the 1st floor
  • Raised Foundation
  • Frame Construction
  • Composition Roof
  • Shingle Siding

Interior Spaces

  • 936 Sq Ft Home
  • 1-Story Property
  • Double Pane Windows
  • Living Room with Fireplace
  • L-Shaped Dining Room

Kitchen

  • Updated Kitchen
  • Gas Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Remodeled Bathroom
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Laundry in Garage
  • Dryer
  • Washer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Concrete Porch or Patio
  • Shed

Location

  • Property is near park
  • Suburban Location

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Legal Lot and Block 20 / D
  • Assessor Parcel Number 003505005000
  • $377 per year additional tax assessments

Home Details

Home Type

Single Family

Year Built

Built in 1951 | Remodeled

Lot Details

0

Parking

1

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Inclusions: Refrigerator, washer, dryer
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: No
  • Zoning: R1
  • Architectural Style: Cottage
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 003505005000
  • Year Built: 1951
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 936.00 Square Feet
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Tile, Wood
  • Appliances: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Eating Area: Dining Ell
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: One
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 431.88
  • Room Type: Kitchen, Living Room
  • Window Features: Double Pane Windows
  • Bathroom Features: Remodeled
  • Room Kitchen Features: Remodeled Kitchen

Exterior Features

  • Patio: Yes
  • Foundation: Raised
  • Other Structures: Shed(s)
  • Fence: Yes
  • Fencing: Wood
  • Patio And Porch Features: Concrete, Patio
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Frame, Shingle Siding

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Garage, RV Potential
  • Total Parking Spaces: 1.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Range, Microwave, Refrigerator
  • Heating Type: Central, Forced Air, Natural Gas
  • Laundry Features: Dryer Included, In Garage, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air, Electric
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Park Nearby
  • Lot Size Sq Ft: 8712.00
  • Lot Size Acres: 0.2000

Multi Family

  • Lease Considered: No
  • Lot Size Area: 8712.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Block: D
  • Tax Census Tract: 7.00
  • Tax Lot: 20
  • TaxOtherAnnualAssessmentAmount: 377.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 1, 2023
Closed on
Dec 8, 2023
Sold by
Allen Felix Trust
Bought by
Betsy A Delaney Living Trust and Delaney
Seller's Agent
Lori Akers
Parkway Real Estate Co.
Buyer's Agent
Teresa Larson
Parkway Real Estate Co.
List Price
$385,000
Sold Price
$404,235
Premium/Discount to List
$19,235
5%
Views
26
Current Estimated Value
$412,070

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,835
Avg. Annual Appreciation
0.94%
Original Mortgage
$164,235
Outstanding Balance
$161,642
Interest Rate
7.76%
Mortgage Type
New Conventional
Estimated Equity
$250,428

Purchase Details

Listed on
Aug 20, 2021
Closed on
Sep 7, 2021
Sold by
Miller Marjorie Louise
Bought by
Felix Christopher Allen and Felix Sherisse Allen
Seller's Agent
MaryAnn Scott
Parkway Real Estate Co.
Buyer's Agent
Lori Akers
Parkway Real Estate Co.
List Price
$349,500
Sold Price
$315,000
Premium/Discount to List
-$34,500
-9.87%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.61%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Purchase History

Date Buyer Sale Price Title Company
Betsy A Delaney Living Trust $404,500 Mid Valley Title
Felix Christopher Allen $315,000 Mid Valley Title & Escrow Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Betsy A Delaney Living Trust $164,235
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/18/2023 12/18/23 Sold $404,235 +5.0% $432 / Sq Ft
12/04/2023 12/04/23 Pending -- -- --
12/01/2023 12/01/23 For Sale $385,000 +22.2% $411 / Sq Ft
09/10/2021 09/10/21 Sold $315,000 -9.9% $246 / Sq Ft View Prior Sale
08/25/2021 08/25/21 Pending -- -- --
08/20/2021 08/20/21 For Sale $349,500 -- $273 / 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 $4,472 $412,284 $193,800 $218,484
2024 $4,472 $404,200 $190,000 $214,200
2023 $3,585 $321,300 $168,300 $153,000
2022 $3,527 $315,000 $165,000 $150,000
2021 $1,630 $151,896 $78,499 $73,397
2020 $1,624 $150,340 $77,695 $72,645
2019 $1,593 $147,393 $76,172 $71,221
2018 $1,563 $144,504 $74,679 $69,825
2017 $1,529 $141,671 $73,215 $68,456
2016 $1,395 $138,894 $71,780 $67,114
2015 $1,393 $136,808 $70,702 $66,106
2014 $1,358 $134,130 $69,318 $64,812
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN23216863

California Regional Multiple Listing Service (CRMLS)

APN: 003-505-005-000