NOT LISTED FOR SALE

Estimated Value: $363,000 - $393,000

4 Beds
2 Baths
1,390 Sq Ft
$271/Sq Ft Est. Value

Last Sold April 16, 2019

Last sale price $305,000 $219 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $2,418/month

27 Days on Market

Highlights

  • Laundry Room
  • Level Lot
  • 1-Story Property
  • Chico Junior High School Rated A-
  • Wall Furnace

About This Home

As of April 2019

Charming downtown DUPLEX. Situated just blocks from downtown shops and restaurants, this classic charmer sports Old World 1900's character but is updated for modern living. Each unit is 2 Bedroom, 1 Bathroom with wall heat and wall a/c units. Shared washer/dryer sits on the back porch. One meter for gas/electric and water. Units are fully leased.

Last Agent to Sell the Property

Julie Miller

RE/MAX Gold License #01113146 Listed on: 01/04/2019

RE/MAX Gold

Co-Listed By

Robert Jeffries

Re/Max of Chico License #01716956

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,715

Year Built

  • Built in 1905

Lot Details

  • 3,920 Sq Ft Lot
  • 1 Common Wall
  • Level Lot

Parking

  • On-Street Parking

Home Design

  • Property Attached

Interior Spaces

  • 1,390 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside
  • Washer

Utilities

  • Wall Furnace

Listing and Financial Details

  • Assessor Parcel Number 004463005000

Community Details

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $4,008
  • Professional Management Expense $2,028
  • Trash Expense $689
  • Water Sewer Expense $1,533
  • Operating Expense $11,389
  • Gross Income $28,130
  • Net Operating Income $16,740

Additional Features

  • 2 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,715

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Professional Management Expense: 2028.00
  • Property Attached: Yes
  • Water Sewer Expenses: 1533.00
  • Zoning: C2
  • Property Type: Residential Income
  • Parcel Number: 004463005000
  • Year Built: 1905
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 219.42

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: No
  • Parking Features: Street

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area, Outside, Washer Included
  • Sewer: Public Sewer
  • Trash Expense: 689.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level
  • Lot Size Sq Ft: 3920.00
  • Lot Size Acres: 0.0900

Multi Family

  • Electric Expense: 4008.00
  • Gross Income: 28130.00
  • Gross Scheduled Income: 28500.00
  • Lot Size Area: 3920.0000 Square Feet
  • Net Operating Income: 16740.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 6230.00
  • Rent Control: No
  • Total Expenses: 11389.00

Tax Info

  • Tax Census Tract: 10.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 4, 2019
Closed on
Apr 2, 2019
Sold by
Herl Chris and Herl Carina
Bought by
Blanco Marvin
Seller's Agent
Julie Miller
RE/MAX Gold
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$325,000
Sold Price
$305,000
Premium/Discount to List
-$20,000
-6.15%
Total Days on Market
27
Current Estimated Value
$377,044

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$72,044
Avg. Annual Appreciation
3.51%
Original Mortgage
$299,475
Interest Rate
5.5%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 11, 2005
Sold by
Billson Richard and Billson Kari
Bought by
Herl Chris and Herl Carina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$226,000
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 2, 2004
Sold by
Billson Richard H and Billson Kari J
Bought by
Billison Richard and Billson Kari

Purchase Details

Closed on
May 21, 2004
Sold by
Gray Robert C and The Robert C Gray Trust
Bought by
Billson Richard H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,000
Interest Rate
5.86%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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Range of Values:

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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
Blanco Marvin $305,000 Bidwell Title & Escrow Co
Herl Chris $282,500 Fidelity National Title Co
Billison Richard -- --
Billson Richard H $215,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Blanco Marvin $297,500
Closed Blanco Marvin $302,146
Closed Blanco Marvin $299,475
Previous Owner Herl Chris $226,000
Previous Owner Billson Richard H $172,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/16/2019 04/16/19 Sold $305,000 -6.2% $219 / Sq Ft
01/31/2019 01/31/19 Pending -- -- --
01/04/2019 01/04/19 For Sale $325,000 -- $234 / 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
2024 $3,715 $333,557 $147,640 $185,917
2023 $3,671 $327,018 $144,746 $182,272
2022 $3,616 $320,607 $141,908 $178,699
2021 $3,544 $314,322 $139,126 $175,196
2020 $3,537 $311,100 $137,700 $173,400
2019 $3,475 $305,000 $125,000 $180,000
2018 $3,591 $315,000 $115,000 $200,000
2017 $3,303 $290,000 $115,000 $175,000
2016 $2,447 $230,000 $115,000 $115,000
2015 $2,163 $200,000 $95,000 $105,000
2014 $1,998 $185,000 $95,000 $90,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OR19002795

California Regional Multiple Listing Service (CRMLS)

APN: 004-463-005-000