NOT LISTED FOR SALE

969 E Lassen Ave Chico, CA 95973

Estimated Value: $476,000 - $732,000

9 Beds
6 Baths
3,831 Sq Ft
$167/Sq Ft Est. Value

Last Sold August 24, 2018

Last sale price $470,000 $123 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $3,473/month

22 Days on Market

Highlights

  • No HOA
  • Living Room
  • Storage
  • Bidwell Junior High School Rated A-
  • Laundry Room
  • Central Heating and Cooling System

About This Home

As of August 2018

A gem of a triplex in north Chico featuring exclusively three bed, two bath townhouses. Each unit features a small backyard area along with a single car garage attached. All bedrooms are located upstairs along with one of the bathrooms and a stackable washer/dryer. These units are rarely vacant and currently have full occupancy with 12-month leases.

There are two other triplexes available in the same community (983 & 985 E. Lassen). If desired, multiple buildings can be purchased.

Last Agent to Sell the Property

Larry Ruby

Larry Ruby, Broker License #00890357 Listed on: 06/19/2018

Last Buyer's Agent

Larry Ruby

Larry Ruby, Broker License #00890357 Listed on: 06/19/2018

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2008

Lot Details

  • 9,583 Sq Ft Lot
  • 1 Common Wall
  • Back Yard

Parking

  • 1 Open Parking Space
  • 1 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 3,831 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Entryway
  • Living Room
  • Storage

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 9 Bedrooms
  • All Upper Level Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Laundry on upper level
  • Stacked Washer and Dryer

Additional Features

  • Rain Gutters
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 007570042000

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • Operating Expense $10,724
  • Gross Income $38,700
  • Net Operating Income $27,976

Property Details

Home Type

Multi-Family

Year Built

Built in 2008

Lot Details

0

Parking

1

Listing Details

  • Property Attached: Yes
  • Property Type: Residential Income
  • Parcel Number: 007570042000
  • Year Built: 2008
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Ceiling Fan(s), Storage
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Vinyl
  • Levels: Two
  • Price Per Square Foot: 122.68
  • Room Type: All Bedrooms Up, Entry, Kitchen, Living Room

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 2.00
  • Uncovered Spaces: 1.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Upper Level, Stackable
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard
  • Lot Size Sq Ft: 9583.00

Multi Family

  • Gross Income: 38700.00
  • Gross Scheduled Income: 38700.00
  • Net Operating Income: 27976.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Units Total: 3
  • Number With Carpet: 3
  • Number With Dishwasher: 3
  • Number With Disposal: 3
  • Number With Range: 3
  • Number With Refrigerator: 3
  • Operating Expense: 10724.00
  • Rent Control: No
  • Total Expenses: 10724.00

Tax Info

  • Tax Census Tract: 2.02

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 10, 2021
Sold by
Mellum Jeffrey and Mellum Sara
Bought by
Mellum Jeffrey and Mellum Sara
Current Estimated Value
$573,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$511,000
Outstanding Balance
$468,243
Interest Rate
2.99%
Mortgage Type
New Conventional
Estimated Equity
$169,757

Purchase Details

Closed on
Oct 18, 2019
Sold by
Mellum Jeffrey S and Mellum Scott D
Bought by
Mellum Jeffrey S and Vallelunga Sara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$416,500
Interest Rate
3.4%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 19, 2018
Closed on
Aug 18, 2018
Sold by
Lomarey I Llc
Bought by
Mellum Jeffrey S and Mellum Scott D
Seller's Agent
Larry Ruby
Larry Ruby, Broker
Buyer's Agent
Larry Ruby
Larry Ruby, Broker
List Price
$450,000
Sold Price
$470,000
Premium/Discount to List
$20,000
4.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.22%
Original Mortgage
$352,500
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 19, 2018
Closed on
Aug 15, 2018
Sold by
Mellum Nancy
Bought by
Mellum Scott D
Seller's Agent
Larry Ruby
Larry Ruby, Broker
Buyer's Agent
Larry Ruby
Larry Ruby, Broker
List Price
$450,000
Sold Price
$470,000
Premium/Discount to List
$20,000
4.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$352,500
Interest Rate
4.5%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Purchase History

Date Buyer Sale Price Title Company
Mellum Jeffrey -- Timios Title A Ca Corp
Mellum Jeffrey S $208,500 Timios Title
Mellum Jeffrey S $470,000 Bidwell Title & Escrow C
Mellum Scott D -- Bidwell Title & Escrow Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mellum Jeffrey $511,000
Closed Mellum Jeffrey S $416,500
Previous Owner Mellum Scott D $352,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/24/2018 08/24/18 Sold $470,000 +4.4% $123 / Sq Ft
06/21/2018 06/21/18 Pending -- -- --
05/30/2018 05/30/18 For Sale $450,000 -- $117 / 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 $5,686 $524,059 $156,171 $367,888
2024 $5,686 $511,823 $153,109 $358,714
2023 $5,619 $503,788 $150,107 $353,681
2022 $5,530 $493,950 $147,164 $346,786
2021 $5,426 $484,305 $144,279 $340,026
2020 $5,411 $479,360 $142,800 $336,560
2019 $5,314 $470,000 $140,000 $330,000
2018 $4,710 $415,896 $128,135 $287,761
2017 $4,614 $407,742 $125,623 $282,119
2016 $4,211 $399,748 $123,160 $276,588
2015 $4,211 $393,745 $121,311 $272,434
2014 $4,109 $386,033 $118,935 $267,098
Source: Public Records

Agents Affiliated with this Home

  • Larry Ruby

    Seller's Agent in 2018

    Larry Ruby

    Larry Ruby, Broker

    (530) 342-2214

    Larry Ruby
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN18146633

California Regional Multiple Listing Service (CRMLS)

APN: 007-570-042-000

California Butte County Chico 95973

969 E Lassen Ave, Chico, CA

Not Listed for Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

Nearby Homes