NOT LISTED FOR SALE

Estimated Value: $265,000 - $327,203

3 Beds
2 Baths
1,147 Sq Ft
$264/Sq Ft Est. Value

Last Sold November 13, 2020

Last sale price $250,000 $218 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $1,851/month

34 Days on Market

Highlights

  • Fenced
  • Carpet
  • 1-Story Property
  • Chico Junior High School Rated A-
  • Wall Furnace

About This Home

As of November 2020

Updated duplex blocks away from CSU Chico, with great rental history. This property has a brand new roof, new siding, new paint and all dry rot related items repaired. 920 Ivy is a 2 bd./1 bath unit and the second unit, 922 Ivy is 1 bd./1 bath. The pictures are current and taken of 922 Ivy. Both units share a backyard.

Last Agent to Sell the Property

Casey Smyth

NextHome North Valley Realty License #01941937 Listed on: 08/26/2020

NextHome North Valley Realty

Co-Listed By

Kelli Smyth

NextHome North Valley Realty License #01939578

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

  • $2,962

Year Built

  • Built in 1941

Lot Details

  • 3,485 Sq Ft Lot
  • 1 Common Wall
  • Fenced
  • Fence is in average condition
  • Density is up to 1 Unit/Acre

Parking

  • On-Street Parking

Home Design

  • Property Attached
  • Composition Roof

Interior Spaces

  • 1,147 Sq Ft Home
  • 1-Story Property

Kitchen

  • Gas Oven
  • Gas Range

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Exterior Lighting

Utilities

  • Wall Furnace
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, trash collection, water
  • Tax Lot 25,26
  • Assessor Parcel Number 004463006000

Community Details

Overview

  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Gardener Expense $360
  • Insurance Expense $2,729
  • Pest Control $130
  • Professional Management Expense $1,553
  • New Taxes Expense $2,856
  • Operating Expense $7,304
  • Gross Income $20,718
  • Net Operating Income $13,414

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,962

Year Built

Built in 1941

Lot Details

0

Listing Details

  • Professional Management Expense: 1553.00
  • Property Attached: Yes
  • Zoning: C2
  • Property Type: Residential Income
  • Gardener Expense: 360.00
  • Parcel Number: 004463006000
  • Year Built: 1941
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Vinyl
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 217.96

Exterior Features

  • Fence: Yes
  • Fencing: Average Condition
  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Parking: No
  • Parking Features: Street

Utilities

  • Utilities: Cable Connected
  • Heating: Yes
  • Laundry: No
  • Appliances: Gas Oven, Gas Range
  • Heating Type: Wall Furnace
  • Pest Control Expense: 130.00
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 3485.00
  • Lot Size Acres: 0.0800

Rental Info

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

Multi Family

  • Gross Income: 20718.00
  • Gross Operating Income: 20718.00
  • Gross Scheduled Income: 20718.00
  • Insurance Expense: 2729.00
  • Lot Size Area: 3485.0000 Square Feet
  • Net Operating Income: 13414.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Number With Carpet: 2
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 7304.00
  • Rent Control: Yes
  • Total Expenses: 7304.00

Tax Info

  • New Taxes Expense: 2856.00
  • Tax Census Tract: 10.00
  • Tax Lot: 25,26

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 26, 2020
Closed on
Nov 3, 2020
Sold by
Philipovitch Properties Llc
Bought by
Richard Billson And Kari Billson Revocable Tr and Billson
Seller's Agent
Casey Smyth
NextHome North Valley Realty
Buyer's Agent
Steven Depa
Re/Max of Chico
List Price
$274,900
Sold Price
$250,000
Premium/Discount to List
-$24,900
-9.06%
Current Estimated Value
$302,551

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$52,551
Avg. Annual Appreciation
4.00%
Original Mortgage
$200,000
Outstanding Balance
$177,972
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$124,579

Purchase Details

Closed on
Aug 25, 2020
Sold by
Philipovitch Properties Llc
Bought by
Billson Ricahrd and Billson Kari

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
2.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 3, 2006
Sold by
Philipovitch Karl and Philipovitch Catherine Ann
Bought by
Philipovitch Properties Llc

Purchase Details

Closed on
Jul 21, 2005
Sold by
Lspi Exchange Corp
Bought by
Philipovitch Karl and Philipovitch Catherine Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,000
Interest Rate
5.46%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
May 11, 2005
Sold by
Billson Richard and Billson Kari
Bought by
Lspi Exchange Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,272
Interest Rate
6.02%
Mortgage Type
Stand Alone Second

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
Bought by
Billson Richard H and Billson Kari J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,000
Interest Rate
5.86%
Mortgage Type
Purchase Money Mortgage
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
Richard Billson And Kari Billson Revocable Tr $250,000 Bidwell Title & Escrow
Billson Ricahrd $250,000 Bidwell Title & Escrow Co
Philipovitch Properties Llc -- None Available
Philipovitch Karl $260,000 Mid Valley Title & Escrow Co
Lspi Exchange Corp -- Fidelity Natl Title Co Of Ca
Billison Richard -- --
Billson Richard H $195,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Richard Billson And Kari Billson Revocable Tr $200,000
Previous Owner Billson Ricahrd $200,000
Previous Owner Philipovitch Karl $208,000
Previous Owner Lspi Exchange Corp $90,272
Previous Owner Billson Richard H $156,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/13/2020 11/13/20 Sold $250,000 -9.1% $218 / Sq Ft
09/29/2020 09/29/20 Pending -- -- --
09/25/2020 09/25/20 For Sale $274,900 0.0% $240 / Sq Ft
09/03/2020 09/03/20 Pending -- -- --
08/26/2020 08/26/20 For Sale $274,900 -- $240 / 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 $2,962 $270,606 $151,540 $119,066
2024 $2,962 $265,301 $148,569 $116,732
2023 $2,927 $260,100 $145,656 $114,444
2022 $2,883 $255,000 $142,800 $112,200
2021 $2,825 $250,000 $140,000 $110,000
2020 $3,074 $270,000 $130,000 $140,000
2019 $2,968 $260,000 $130,000 $130,000
2018 $2,744 $240,000 $120,000 $120,000
2017 $2,739 $240,000 $120,000 $120,000
2016 $2,290 $215,000 $120,000 $95,000
2015 $2,323 $215,000 $95,000 $120,000
2014 $2,158 $200,000 $80,000 $120,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN20175432

California Regional Multiple Listing Service (CRMLS)

APN: 004-463-006-000