NOT LISTED FOR SALE

983 E Lassen Ave Chico, CA 95973

Estimated Value: $568,000 - $674,769

6 Beds
4 Baths
3,831 Sq Ft
$164/Sq Ft Est. Value

Sale Details

Date Sold: July 30, 2018

Last sale price $495,000 $129 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $3,823 / mo

23 Days on Market

Highlights

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

About This Home

As of July 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. Two units out of the three have had new laminate flooring installed downstairs within the last year. 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 (969 & 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

Ivy Lenahan

NextHome North Valley Realty License #02041985

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2008

Lot Details

  • 11,744 Sq Ft Lot
  • 1 Common Wall
  • Back Yard

Parking

  • 3 Open Parking Spaces
  • 3 Car Garage

Home Design

  • Property Attached

Interior Spaces

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

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • All Upper Level Bedrooms
  • 4 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 007570003000

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • Operating Expense $15,317
  • Gross Income $45,600
  • Net Operating Income $29,827

Property Details

Home Type

Multi-Family

Year Built

Built in 2008

Lot Details

0.27 Acres

Parking

3

Listing Details

  • Property Attached: Yes
  • Zoning: R3
  • Property Type: Residential Income
  • Parcel Number: 007570003000
  • Year Built: 2008
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Ceiling Fan(s)
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Laminate, Vinyl
  • Levels: Two
  • Price Per Square Foot: 129.21
  • Room Type: All Bedrooms Up, Entry, Kitchen, Living Room

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 3.00

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: 11744.00

Multi Family

  • Gross Income: 45600.00
  • Gross Scheduled Income: 45600.00
  • Net Operating Income: 29827.00
  • 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: 15317.00
  • Rent Control: No
  • Total Expenses: 15317.00

Tax Info

  • Tax Census Tract: 2.02

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
May 7, 2025
Sold by
Bought by
Current Estimated Value
$626,442

Purchase Details

Closed on
Oct 7, 2019
Sold by
Bought by

Purchase Details

Listed on
Jun 19, 2018
Closed on
Jul 26, 2018
Sold by
Bought by
Seller's Agent
Larry Ruby
Larry Ruby, Broker
Buyer's Agent
Ivy Lenahan
NextHome North Valley Realty
List Price
$450,000
Sold Price
$495,000
Premium/Discount to List
$45,000
10%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.05%
Original Mortgage
$346,500
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 15, 2008
Sold by
Bought by

Purchase Details

Closed on
May 21, 2007
Sold by
Bought by

Purchase Details

Closed on
Sep 25, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,000
Interest Rate
6.27%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 9, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,000
Interest Rate
6.27%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Listed On Document
-- None Available
$495,000 Mid Valley Title & Escrow Co
$2,474,433 None Available
$2,275,000 None Available
$200,000 Mid Valley Title & Escrow Co
-- Mid Valley Title & Escrow Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $346,500
Previous Owner $153,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/30/2018 07/30/18 Sold $495,000 +10.0% $129 / Sq Ft
06/22/2018 06/22/18 Pending -- -- --
05/30/2018 05/30/18 For Sale $450,000 -- $117 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $5,989 $552,062 $156,171 $395,891
2024 $5,989 $540,258 $153,109 $387,149
2023 $5,918 $530,665 $150,107 $380,558
2022 $5,824 $520,280 $147,164 $373,116
2021 $5,714 $510,099 $144,279 $365,820
2020 $5,698 $504,880 $142,800 $362,080
2019 $5,595 $495,000 $140,000 $355,000
2018 $5,987 $529,074 $131,532 $397,542
2017 $5,866 $518,701 $128,953 $389,748
2016 $5,001 $430,000 $125,000 $305,000
2015 $4,224 $395,000 $115,000 $280,000
2014 $4,098 $385,000 $100,000 $285,000
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

  • I

    Buyer's Agent in 2018

    Ivy Lenahan

    NextHome North Valley Realty

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN18146656

California Regional Multiple Listing Service (CRMLS)

APN: 007-570-003-000

California Butte County Chico 95973

983 E Lassen Ave, Chico, CA

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

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