NOT LISTED FOR SALE

Estimated Value: $420,000 - $474,000

4 Beds
2 Baths
1,584 Sq Ft
$276/Sq Ft Est. Value

Last Sold September 25, 2023

Last sale price $437,500 $276 Per Sq Ft

Current estimated payment $2,722/month

8 Days on Market

Highlights

  • Central Heating and Cooling System
  • Front Yard
  • 1-minute walk to Humboldt Avenue Skate Park
  • Parkview Elementary School Rated A-
  • 1-Story Property

About This Home

As of September 2023

Double Your Dough in Downtown with This Income Producing Duplex! This duplex is just steps away from picturesque parks, bustling cafes, and inviting pubs in the heart of downtown. The property features two units, both offering 2 spacious bedrooms with 1 bathroom - creating equal investment opportunities for both owner-occupants and seasoned investors. The moment you step inside, you'll be impressed by the open feel of each living space. Eat-in kitchens possess generous counter space and ample cabinetry for storage. But this duplex doesn't stop there! In a downtown area where parking can be a daunting task, this gem provides the luxury of off-street parking for residents, adding an invaluable convenience to city living. Tenants easily enjoy strolling through our beautiful parks on a sunny afternoon or grabbing a bite to eat at one of the many nearby cafes. Don't miss your chance to secure this prime downtown investment property! With limited availability and the potential for outstanding rental income, this duplex won't stay on the market for long.

Last Agent to Sell the Property

Steven Depa

Re/Max of Chico License #00813533 Listed on: 08/01/2023

Re/Max of Chico

Last Buyer's Agent

Julie Christensen

Keller Williams Realty Chico Area License #02005744

Keller Williams Realty Chico Area

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,861

Year Built

  • Built in 1980

Lot Details

  • 5,663 Sq Ft Lot
  • 1 Common Wall
  • Front Yard

Home Design

  • Duplex
  • Entry on the 1st floor

Interior Spaces

  • 1,584 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Legal Lot and Block 4 / 48
  • Assessor Parcel Number 004427007000

Community Details

Overview

  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,258
  • Trash Expense $1,020
  • Water Sewer Expense $900
  • New Taxes Expense $5,625
  • Operating Expense $8,803
  • Gross Income $2,445
  • Net Operating Income $20,537

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,861

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Assessments: Yes
  • Price Per Unit: 225000
  • Property Attached: Yes
  • Water Sewer Expenses: 900.00
  • Zoning: RP
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 004427007000
  • Year Built: 1980
  • Special Features: None

Interior Features

  • Stories: 1
  • Entry Location: Front
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 276.20

Exterior Features

  • Pool Private: No

Utilities

  • Heating: Yes
  • Laundry: No
  • Heating Type: Central
  • Sewer: Public Sewer
  • Trash Expense: 1020.00
  • 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: Front Yard
  • Lot Size Sq Ft: 5663.00
  • Lot Size Acres: 0.1300

Multi Family

  • Gross Income: 2445.00
  • Gross Scheduled Income: 29340.00
  • Insurance Expense: 1258.00
  • Lot Size Area: 5663.0000 Square Feet
  • Net Operating Income: 20537.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 8803.00
  • Rent Control: Yes
  • Total Expenses: 8803.00

Tax Info

  • New Taxes Expense: 5625.00
  • Tax Block: 48
  • Tax Census Tract: 10.00
  • Tax Lot: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 1, 2023
Closed on
Nov 13, 2023
Sold by
Webber Rebecca Luanne and Webber Kurtis Alan
Bought by
Webber Family Trust and Webber
Seller's Agent
Steven Depa
Re/Max of Chico
Buyer's Agent
Julie Christensen
Keller Williams Realty Chico Area
List Price
$450,000
Sold Price
$437,500
Premium/Discount to List
-$12,500
-2.78%
Views
39
Current Estimated Value
$437,110

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$390
Avg. Annual Appreciation
2.34%
Original Mortgage
$328,125
Interest Rate
6.96%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 1, 2023
Closed on
Sep 14, 2023
Sold by
Pinsler Family Trust
Bought by
Webber Rebecca Luanne and Webber Kurtis Alan
Seller's Agent
Steven Depa
Re/Max of Chico
Buyer's Agent
Julie Christensen
Keller Williams Realty Chico Area
List Price
$450,000
Sold Price
$437,500
Premium/Discount to List
-$12,500
-2.78%
Views
39

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$328,125
Interest Rate
6.96%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 2, 2010
Sold by
Pinsler Melvin H and Pinsler Marianne I
Bought by
Pinsler Melvin H and Pinsler Marianne I

Purchase Details

Closed on
Jun 24, 2009
Sold by
Pinsler Melvin H and Pinsler Marianne I
Bought by
Pinsler Melvin H and Pinsler Marianne I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,250
Interest Rate
5.31%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 24, 2006
Sold by
Pinsler Melvin H and Pinsler Marianne I
Bought by
Pinsler Melvin H and Pinsler Marianne I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,500
Interest Rate
6.67%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 23, 2006
Sold by
Prefontaine Michael J
Bought by
Pinsler Melvin H and Pinsler Marianne I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,500
Interest Rate
6.67%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 23, 2003
Sold by
Leighty Jesse M and Leighty Shirley J
Bought by
Prefontaine Michael J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
5.87%
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
Webber Family Trust -- None Listed On Document
Webber Rebecca Luanne $437,500 Fidelity National Title Compan
Pinsler Melvin H -- None Available
Pinsler Melvin H -- Accommodation
Pinsler Melvin H -- Mid Valley Title & Escrow Co
Pinsler Melvin H $270,000 Mid Valley Title & Escrow Co
Prefontaine Michael J $225,000 Mid Valley Title & Escrow Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Webber Rebecca Luanne $328,125
Previous Owner Pinsler Melvin H $176,250
Previous Owner Pinsler Melvin H $202,500
Previous Owner Prefontaine Michael J $180,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/25/2023 09/25/23 Sold $437,500 -2.8% $276 / Sq Ft
08/09/2023 08/09/23 Pending -- -- --
08/01/2023 08/01/23 For Sale $450,000 -- $284 / 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 $4,861 $446,250 $168,300 $277,950
2024 $4,861 $437,500 $165,000 $272,500
2023 $3,901 $347,680 $141,645 $206,035
2022 $3,842 $340,864 $138,868 $201,996
2021 $3,607 $320,000 $130,000 $190,000
2020 $3,243 $285,000 $120,000 $165,000
2019 $3,137 $275,000 $120,000 $155,000
2018 $2,970 $260,000 $105,000 $155,000
2017 $2,739 $240,000 $105,000 $135,000
2016 $2,132 $200,000 $105,000 $95,000
2015 $2,003 $185,000 $105,000 $80,000
2014 $1,839 $170,000 $105,000 $65,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN23140859

California Regional Multiple Listing Service (CRMLS)

APN: 004-427-007-000