NOT LISTED FOR SALE

954 Kovak Ct Chico, CA 95973

Estimated Value: $635,941 - $703,000

7 Beds
6 Baths
3,651 Sq Ft
$180/Sq Ft Est. Value

Last Sold December 09, 2024

Last sale price $630,000 $173 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $3,673/month

91 Days on Market

Highlights

  • Golf Course Community
  • Fishing
  • City Lights View
  • Bidwell Junior High School Rated A-
  • No Units Above
  • Community Lake

About This Home

As of December 2024

Great opportunity to own this well maintained triplex. Perfectly placed in a cul-de-sac in North Chico. This triplex has two, 2 bedroom 2 bathroom units. The third unit is 3 bedroom 2 bathroom. All units currently have tenants for immediate monthly cash flow. Each unit has its own 2 car garage, inside laundry, dishwasher and private patio/backyard. Planned Parenthood also rents a part of the land for parking and pays $250 a month. Water pipes were recently replaced. Attic has been updated foam insulation. Don't miss out on this golden opportunity!

Last Agent to Sell the Property

Steve Valencia, Jr.

Chico Discount Realty Brokerage Phone: 530-514-1388 License #01885087 Listed on: 07/05/2024

Last Buyer's Agent

Alice Zeissler

Century 21 Select Real Estate, Inc. License #01312354

Century 21 Select Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1977 | Remodeled

Lot Details

  • 0.49 Acre Lot
  • Property fronts a private road
  • No Units Above
  • No Units Located Below
  • Two or More Common Walls
  • Cul-De-Sac
  • Wood Fence
  • Paved or Partially Paved Lot

Parking

  • 6 Car Garage

Property Views

  • City Lights
  • Woods
  • Neighborhood

Home Design

  • Triplex
  • Traditional Architecture
  • Entry on the 3rd floor
  • Cosmetic Repairs Needed
  • Composition Roof

Interior Spaces

  • 3,651 Sq Ft Home
  • 1-Story Property
  • Wood Burning Fireplace
  • Double Pane Windows
  • Living Room

Kitchen

  • Electric Oven
  • Built-In Range
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Washer and Electric Dryer Hookup

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Additional Features

  • Accessible Parking
  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 015070002000

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Community Lake
  • Foothills

Recreation

  • Golf Course Community
  • Fishing
  • Park
  • Dog Park
  • Horse Trails
  • Hiking Trails
  • Bike Trail

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Insurance Expense $4,265
  • Trash Expense $935
  • Operating Expense $13,085
  • Gross Income $39,737
  • Net Operating Income $26,652

Property Details

Home Type

Multi-Family

Year Built

Built in 1977 | Remodeled

Lot Details

0

Parking

6

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: Private Road
  • Road Surface Type: Paved
  • View: Yes
  • Zoning: R3
  • Architectural Style: Traditional
  • Property Condition: Repairs Cosmetic, Updated/Remodeled
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 015070002000
  • Year Built: 1977
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 1
  • Common Walls: 2+ Common Walls, No One Above, No One Below
  • Flooring: Carpet, Laminate, Tile
  • Accessibility Features: Parking
  • Appliances: Yes
  • Entry Level: 3
  • Fireplace Features: Wood Burning
  • Levels: One
  • Price Per Square Foot: 172.56
  • Room Type: All Bedrooms Down, Laundry, Living Room, Main Floor Bedroom, Main Floor Primary Bedroom, Primary Bathroom, Primary Bedroom
  • Window Features: Double Pane Windows

Exterior Features

  • Exterior Features: Rain Gutters
  • View: City Lights, Neighborhood, Trees/Woods
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Electricity Connected, Sewer Available, Sewer Connected, Water Available, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Built-In Range, Dishwasher, Electric Oven, Electric Range, Electric Cooktop, Disposal
  • Electric: Electricity - On Property
  • Heating Type: Central
  • Laundry Features: Electric Dryer Hookup, Inside, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 935.28
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Dog Park, Fishing, Foothills, Golf, Hiking, Gutters, Lake, Horse Trails, Park, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Cul-De-Sac, Paved
  • Lot Size Sq Ft: 21344.00
  • Lot Size Acres: 0.4900

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Income: 39737.00
  • Gross Scheduled Income: 39737.00
  • Insurance Expense: 4265.00
  • Lot Size Area: 21344.0000 Square Feet
  • Net Operating Income: 26652.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Total: 3
  • Number With Carpet: 3
  • Number With Dishwasher: 3
  • Number With Drapes: 3
  • Number With Range: 3
  • Number With Refrigerator: 3
  • Operating Expense: 13085.00
  • Rent Control: No
  • Total Expenses: 13085.00

Tax Info

  • Tax Census Tract: 1.04

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 5, 2024
Closed on
Dec 6, 2024
Sold by
Lombard Family Irrevocable Trust and Marquez Dorothy L
Bought by
Zeissler Alice
Seller's Agent
Steve Valencia, Jr.
Chico Discount Realty
Buyer's Agent
Alice Zeissler
Century 21 Select Real Estate, Inc.
List Price
$700,000
Sold Price
$630,000
Premium/Discount to List
-$70,000
-10%
Views
16
Current Estimated Value
$658,985

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$28,985
Avg. Annual Appreciation
4.46%
Original Mortgage
$400,000
Outstanding Balance
$396,699
Interest Rate
6.54%
Mortgage Type
New Conventional
Estimated Equity
$262,286

Purchase Details

Closed on
Feb 4, 2016
Sold by
Lombard Harold W and Lombard Glenna G
Bought by
Marquez Dorothy L and The Non Grantors Trust Of The Lombard Fa

Purchase Details

Closed on
Feb 3, 2016
Sold by
Lombard Harold W and Lombard Glenna G
Bought by
Marquez Dorothy L and The Non-Grantors Trust Of The Lombard Fa

Purchase Details

Closed on
Feb 2, 2016
Sold by
Lombard Harold W and Lombard Glenna G
Bought by
Marquez Dorothy L and The Non-Grantors Trust Of The Lombard Fa

Purchase Details

Closed on
Feb 1, 2016
Sold by
Lombard Harold W and Lombard Glenna G
Bought by
Marquez Dorothy L and The Non-Grantors Trust Of The Lombard Fa

Purchase Details

Closed on
Jan 29, 2016
Sold by
Lombard Harold W and Lombard Glenna G
Bought by
Marquez Dorothy L and The Non-Grantors Trust Of The Lombard Fa

Purchase Details

Closed on
Jan 28, 2016
Sold by
Lombard Harold W and Lombard Glenna G
Bought by
Marquez Dorothy L and The Non-Grantors Trust Of The Lombard Fa

Purchase Details

Closed on
Jan 27, 2016
Sold by
Lombard Harold W and Lombard Glenna G
Bought by
Marquez Dorothy L and The Non-Grantors Trust Of The Lombard Fa
Source: Public Records

Range of Values:

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Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Zeissler Alice $630,000 Mid Valley Title
Marquez Dorothy L -- None Available
Marquez Dorothy L -- None Available
Marquez Dorothy L -- None Available
Marquez Dorothy L -- None Available
Marquez Dorothy L -- None Available
Marquez Dorothy L -- None Available
Marquez Dorothy L -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zeissler Alice $400,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/09/2024 12/09/24 Sold $630,000 -10.0% $173 / Sq Ft
07/05/2024 07/05/24 For Sale $700,000 -- $192 / 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 $2,517 $630,000 $190,000 $440,000
2024 $2,517 $226,430 $40,746 $185,684
2023 $2,487 $221,992 $39,948 $182,044
2022 $2,445 $217,640 $39,165 $178,475
2021 $2,399 $213,374 $38,398 $174,976
2020 $2,392 $211,187 $38,005 $173,182
2019 $2,349 $207,047 $37,260 $169,787
2018 $2,306 $202,988 $36,530 $166,458
2017 $2,259 $199,009 $35,814 $163,195
2016 $2,062 $195,108 $35,112 $159,996
2015 $3,440 $192,178 $34,585 $157,593
2014 $3,403 $188,414 $33,908 $154,506
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN24127496

California Regional Multiple Listing Service (CRMLS)

APN: 015-070-002-000