tomo logo

$410,000

Beds
3
Baths
2.0
sq ft
1,148

1179 East Ave, Chico, CA 95926

1179 East Ave

Chico, CA 95926

  • 55 days on market
    • Price drop $32,000↓
Welcome to this charming property offering a perfect blend of residential comfort, multi-residential possibilities, and entrepreneurial opportunities! Situated on a spacious quarter-acre lot, this home features 3 bedrooms, 2 bathrooms, Owned Solar and ample space for both living and working. The property is uniquely zoned for both office, residential or multi-residential use. With a lot size exceeding 10,000 square feet, a lot split is likely possible; or keep it as one lot and add multiple rental units to increase income potential. Living room has drop-down projection screen and is wired for surround sound. Outside, the expansive ~quarter-acre lot provides endless opportunities for outdoor activities, gardening or even expanding the property to suit your needs. Yard has Peach, Persimmon and Pomegranate trees. Whether you envision a serene backyard retreat, a bustling home office with ample parking or a multi-unit property providing passive income, this property has the potential to bring your dreams to life. Located in a desirable area, this property offers a nice balance of serenity and accessibility. East Avenue is home to a wealth of amenities, with grocery stores, restaurants, schools, coffee shops, transportation and more, just a stone's throw away. Everything you need is conveniently located within reach, making daily errands a breeze and ensuring that you're never far from the essentials. Don't miss out on this one-of-a-kind opportunity to make this property your own!

Details

Property type

Single Family Residence

Est. home value

$376,005

Lot size

0.25 acres

Price per sq ft

$358

Year built

1960

Price History

08/23/2024
CRMLS

CRMLS #SN24151986

Price change
$410,000
-7.24%
07/27/2024
CRMLS

CRMLS #SN24151986

Listed
$442,000
+33.94%
03/08/2021
CRMLS

CRMLS #SN21035667

Sold
$330,000
+65%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Curbs, Street Lights, Sidewalks, Park

High school district: 

Chico Unified

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$226,603
Asking price
$410,000
Closing costs (~8% of asking)
-$32,800
Est. remaining loan balance
-$150,597
Cash to seller
$226,603

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Summit Funding Inc

Loan start date

October 2014

Original loan amount

$190,000

Est. remaining balance

$150,597

Interest rate

4.1%

Loan type

New Conventional, 30 year

Seller

Matthew Satterfield and Nichole Vargas

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 09/19/2024 at 5:45 PM

Listing updated: 09/07/2024 at 5:01 PM

Listed by: Sergio Sanchez, Thrive Real Estate Company Phone #: (530) 809-0547

MLS: CRMLS #SN24151986

CRMLS logo

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