NOT LISTED FOR SALE

Estimated Value: $444,956 - $470,000

4 Beds
2 Baths
1,901 Sq Ft
$239/Sq Ft Est. Value

Last Sold March 27, 2018

Last sale price $329,000 $173 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $2,879/month

3 Days on Market

Highlights

  • Corner Lot
  • Laundry Room
  • Central Heating and Cooling System
  • Parkview Elementary School Rated A-
  • Sliding Doors
  • Ceiling Fan

About This Home

As of March 2018

Looking for your next investment? This could be it!  Duplex currently brings in 2400 a month, has very low expenses, and is filled with leases ready to collect rent or purchase in time for your student to attend CSU! This 2 bed, 1 bath duplex is located seconds from Downtown Chico and public transportation. Each unit includes its own separate entry with 2 car driveway for convenient off street parking, fenced in private patio area, and shared exterior laundry room. Units are very similar, and have been well maintained. Unit A faces E 9th street with wrap around fenced in back/side yard. Kitchen is open to a eat-in dining area and includes vinyl flooring, electric appliances, laminate countertops, newer wood cabinets, decorative tile backsplash and breakfast bar. Well maintained carpeted living room, hall and 2 good size bedrooms, with the master room accessing the backyard through sliding glass door. Bathroom has been updated with newer vanity, accent tiles and mirror. Unit B faces Orient, with freshly painted neutral paint, baseboards and storage closet and cupboards down the hall. Kitchen also includes vinyl flooring, electric appliances and original wood cabinets livened up with white paint and new hardware. Good sized eat-in dining area is open to living room. Shared bathroom includes single vanity and shower/tub combo. Sprinkler system and mature landscaping surround the front of the property. Units are currently leased. Please see 3D tour prior to scheduling showings.

Last Agent to Sell the Property

Alisha Simpkins

Keller Williams Realty Chico Area License #01772692 Listed on: 02/16/2018

Keller Williams Realty Chico Area

Last Buyer's Agent

Steven Depa

Re/Max of Chico License #00813533

Re/Max of Chico

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,855

Year Built

  • Built in 1978

Lot Details

  • 5,227 Sq Ft Lot
  • 1 Common Wall
  • Cross Fenced
  • Wood Fence
  • Corner Lot
  • Front Yard Sprinklers
  • Back Yard

Home Design

  • Duplex
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 1,901 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Wood Burning Fireplace
  • Blinds
  • Sliding Doors
  • Living Room with Fireplace

Kitchen

  • Electric Oven
  • Electric Cooktop
  • Dishwasher
  • Laminate Countertops
  • Disposal

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside
  • Washer

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Parking Available
  • Driveway
  • Paved Parking
  • Off-Street Parking

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for cable TV, electricity, trash collection, water
  • Assessor Parcel Number 004427004000

Community Details

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,020
  • Insurance Expense $701
  • New Taxes Expense $3,303
  • Operating Expense $5,024
  • Gross Income $2,400

Additional Features

  • 2 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,855

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Surface Type: Paved
  • View: No
  • Zoning: RP
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 1020.00
  • Parcel Number: 004427004000
  • Year Built: 1978
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Ceiling Fan(s), Laminate Counters
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Vinyl
  • Appliances: Yes
  • Door Features: Sliding Doors
  • Fireplace Features: Living Room, Wood Burning
  • Levels: One
  • Price Per Square Foot: 173.07
  • Room Type: All Bedrooms Down, Kitchen, Living Room, Main Floor Bedroom
  • Window Features: Blinds

Exterior Features

  • Foundation: Slab
  • Fence: Yes
  • Fencing: Cross Fenced, Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway, Concrete, Off Street
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Electric Oven, Electric Cooktop, Disposal, Refrigerator
  • Heating Type: Central
  • Laundry Features: Common Area, Individual Room, Outside, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Corner Lot, Sprinkler System, Sprinklers In Front
  • Lot Size Sq Ft: 5227.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Trash Collection, Water

Multi Family

  • Gross Income: 2400.00
  • Gross Scheduled Income: 2400.00
  • Insurance Expense: 701.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Rent Control: No
  • Total Expenses: 5023.80

Tax Info

  • New Taxes Expense: 3302.80
  • Tax Census Tract: 10.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 23, 2025
Sold by
Rutter Paul M and Rutter Sunny B
Bought by
Rutter 2011 Revocable Trust and Rutter
Current Estimated Value
$454,989

Purchase Details

Closed on
Feb 25, 2022
Sold by
Belben Joel B and Belben Laurel J
Bought by
Rutter Paul M and Rutter Sunny B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,000
Interest Rate
3.69%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 16, 2018
Closed on
Mar 25, 2018
Sold by
Lind Gary and Lind Lynn
Bought by
Belben Joel B and Hammang Laurel J
Seller's Agent
Alisha Simpkins
Keller Williams Realty Chico Area
Buyer's Agent
Steven Depa
Re/Max of Chico
List Price
$329,000
Sold Price
$329,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.46%
Original Mortgage
$246,750
Interest Rate
4.32%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 25, 2016
Sold by
Lind Gary B and Lind Lynn S
Bought by
Lind Gary and Lind Lynn

Purchase Details

Closed on
Feb 25, 2011
Sold by
Gonzales Daniel T and Gonzales Dawn M
Bought by
Gonzales Daniel T and Gonzales Dawn M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,500
Interest Rate
3.48%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 8, 2011
Sold by
Gonzales Daniel T and Gonzales Dawn M
Bought by
Lind Gary B and Lind Lynn S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,500
Interest Rate
3.48%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 7, 2002
Sold by
Miller Andrew B
Bought by
Gonzales Daniel T and Gonzales Dawn M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,000
Interest Rate
6.87%
Mortgage Type
Unknown
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
Rutter 2011 Revocable Trust -- None Listed On Document
Rutter Paul M $420,000 Mid Valley Title
Belben Joel B $329,000 Timios Title
Lind Gary -- None Available
Gonzales Daniel T -- None Available
Lind Gary B $290,000 Bidwell Title & Escrow Compa
Gonzales Daniel T $165,000 Mid Valley Title & Escrow Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rutter Paul M $315,000
Previous Owner Belben Joel B $230,921
Previous Owner Belben Joel B $246,750
Previous Owner Lind Gary B $188,500
Previous Owner Daniel Daniel T $110,900
Previous Owner Daniel Daniel T $132,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/27/2018 03/27/18 Sold $329,000 0.0% $173 / Sq Ft
02/19/2018 02/19/18 Pending -- -- --
02/16/2018 02/16/18 For Sale $329,000 -- $173 / 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 $4,855 $445,707 $169,793 $275,914
2024 $4,855 $436,968 $166,464 $270,504
2023 $4,798 $428,400 $163,200 $265,200
2022 $3,997 $354,753 $198,357 $156,396
2021 $3,918 $347,837 $194,468 $153,369
2020 $3,910 $344,291 $192,474 $151,817
2019 $3,843 $337,580 $188,700 $148,880
2018 $3,374 $295,760 $127,500 $168,260
2017 $3,303 $290,000 $125,000 $165,000
2016 $2,194 $205,895 $74,869 $131,026
2015 $2,192 $202,803 $73,745 $129,058
2014 $2,145 $198,831 $72,301 $126,530
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN18032331

California Regional Multiple Listing Service (CRMLS)

APN: 004-427-004-000