NOT LISTED FOR SALE

880 Spruce St Gridley, CA 95948

7 Beds
5 Baths
3,700 Sq Ft
0.42 Acres

Last Sold February 08, 2019

Last sale price $460,000 $124 Per Sq Ft

27 Days on Market

Highlights

  • All Bedrooms Downstairs
  • 0.42 Acre Lot
  • Furnished
  • Gridley High School Rated A-
  • Wood Flooring
  • Neighborhood Views

About This Home

As of February 2019

THREE homes on ONE lot! Corner lot in downtown Gridley features three separate homes and two 2-car garages. The main house 880 Spruce is 1700sf and has two bedrooms, a large office, large laundry room with sink and two full bathrooms. The kitchen has been updated and features newer stainless steel appliances. 880 Spruce has a driveway off Kentucky Street with a detached extra long 2-car garage with storage room. 706 Kentucky is a 2bd/2ba with a 2 car garage off the alley way. 850 Spruce is 2bd/1ba with brand new carpet and interior paint, has previously been used as a medical office. The homes date back to the 1930s and all feature wood floors, built ins, wood burning fireplaces, arched ceilings and other charming vintage details. Per City of Gridley, property is located within the DMU "Downtown Mixed Use District". Age and size of homes is estimated, buyer to verify to their satisfaction.

Last Agent to Sell the Property

Kendra DiGrazia

Ballou Company License #01946555 Listed on: 12/10/2018

Last Buyer's Agent

Tom Gagne

Re/Max of Chico License #01086956

Re/Max of Chico

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1930

Lot Details

  • 0.42 Acre Lot
  • Property fronts an alley
  • No Common Walls
  • Chain Link Fence
  • Density is 6-10 Units/Acre

Parking

  • 2 Open Parking Spaces
  • 4 Car Garage
  • 2 Carport Spaces
  • Parking Available

Home Design

  • Bungalow
  • Raised Foundation
  • Asphalt Roof

Interior Spaces

  • 3,700 Sq Ft Home
  • Furnished
  • Built-In Features
  • Coffered Ceiling
  • Ceiling Fan
  • Family Room with Fireplace
  • Neighborhood Views

Kitchen

  • Double Oven
  • Gas Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • All Bedrooms Down
  • 5 Bathrooms

Laundry

  • Laundry Room
  • 220 Volts In Laundry

Home Security

  • Home Security System
  • Carbon Monoxide Detectors
  • Fire Sprinkler System

Outdoor Features

  • Outdoor Storage
  • Rain Gutters

Utilities

  • Central Heating and Cooling System
  • 220 Volts in Garage
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, gas, water
  • Assessor Parcel Number 009122005000

Community Details

Overview

  • 3 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,000
  • Pest Control $720
  • Trash Expense $1,200
  • Water Sewer Expense $480
  • New Taxes Expense $5,500
  • Operating Expense $9,900
  • Gross Income $46,560
  • Net Operating Income $36,660

Property Details

Home Type

Multi-Family

Year Built

Built in 1930

Lot Details

0

Parking

4

Listing Details

  • CapRate: 7.00
  • Property Attached: No
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Gravel, Maintained
  • Security: Carbon Monoxide Detector(s), Fire Sprinkler System, Security System
  • View: Yes
  • Water Sewer Expenses: 480.00
  • Zoning: R3
  • Architectural Style: Bungalow
  • Property Type: Residential Income
  • Parcel Number: 009122005000
  • Year Built: 1930
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Built-in Features, Ceiling Fan(s), Coffered Ceiling(s), Furnished, Pantry
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile, Wood
  • Appliances: Yes
  • Fireplace Features: Family Room
  • Levels: One
  • Price Per Square Foot: 124.32
  • Room Type: All Bedrooms Down

Exterior Features

  • Foundation: Raised
  • Other Structures: Storage
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Chain Link
  • Pool Private: No
  • Roof: Asphalt
  • Spa: No

Garage/Parking

  • Carport Spaces: 2.00
  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Carport
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Available, Phone Connected, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Double Oven, Gas Range, Microwave, Refrigerator
  • Electric: 220 Volts in Garage, 220 Volts in Laundry
  • Heating Type: Central
  • Laundry Features: Individual Room
  • Pest Control Expense: 720.00
  • Sewer: Public Sewer
  • Trash Expense: 1200.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Gutters, Sidewalks, Storm Drains

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre, Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 18295.00
  • Lot Size Acres: 0.4200

Rental Info

  • Tenant Pays: Electricity, Gas, Water

Multi Family

  • Gross Income: 46560.00
  • Gross Scheduled Income: 46560.00
  • Insurance Expense: 2000.00
  • Lot Size Area: 18295.0000 Square Feet
  • Net Operating Income: 36660.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Number With Dishwasher: 1
  • Number With Range: 3
  • Number With Refrigerator: 3
  • Operating Expense: 9900.00
  • Rent Control: No
  • Total Actual Rent: 3205.00
  • Total Expenses: 9900.00

Tax Info

  • New Taxes Expense: 5500.00
  • Tax Census Tract: 35.01

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/08/2019 02/08/19 Sold $460,000 -12.4% $124 / Sq Ft
01/31/2019 01/31/19 Price Changed $525,000 +10.5% $142 / Sq Ft
01/06/2019 01/06/19 Pending -- -- --
12/10/2018 12/10/18 For Sale $475,000 -- $128 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN18288479

California Regional Multiple Listing Service (CRMLS)