tomo logo

$499,900

Beds
4
Baths
2.5
sq ft
2,163

1395 Banning Park Dr, Chico, CA 95928

1395 Banning Park Dr

Chico, CA 95928

  • 36 days on market
    • Price drop $25,100↓
Welcome to this beautiful two-story, 4 bedroom home in the highly sought-after California Park neighborhood. A bright entryway with tall ceilings offers an open and airy feeling as soon as you enter the home. The kitchen has been updated with custom painted cabinets, Corian counters and newer appliances. It has a breakfast counter & dining nook overlooking the family room with a cozy fireplace. There is also a formal dining area and formal living room. The half bath located on the main floor has just been tastefully remodeled. There are 4 bedrooms and 2 full bathrooms upstairs, the master bathroom features dual sinks, a walk-in shower, separate soaking tub, and large walk in closet. Outside is a real treat, you'll appreciate the expansive covered deck overlooking the back yard lined with mature Redwood trees; providing ample shade and privacy. The 3 car garage is ideal for parking and projects. Being a California Park homeowner, you will enjoy picnic areas, biking, walking paths and playgrounds surrounding the peaceful lake.

Details

Property type

Single Family Residence

Est. home value

$553,503

Lot size

7,841 sq ft

Price per sq ft

$232

Year built

1992

Monthly HOA fee

$38.75

Price History

10/31/2024
CRMLS

CRMLS #OR24202236

Price change
$499,900
-4.78%
10/21/2024
CRMLS

CRMLS #OR24202236

Price change
$525,000
-4.53%
10/10/2024
CRMLS

CRMLS #OR24202236

Price change
$549,900
-2.67%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Curbs, Lake, Park, Street Lights, Sidewalks

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

$43,917
Asking price
$499,900
Closing costs (~8% of asking)
-$39,992
Est. remaining loan balance
-$415,991
Cash to seller
$43,917

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

Seller’s Loan History

Lender

Commerce Home Mortgage Llc

Loan start date

April 2021

Original loan amount

$451,250

Est. remaining balance

$415,991

Interest rate

2.81%

Loan type

New Conventional, 30 year

Seller

Erika J Lee and Matthew Mckenzie

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: 11/05/2024 at 1:25 AM

Listing updated: 10/31/2024 at 12:25 PM

Listed by: Jamie Engen, Bidwell Realty, Inc Phone #: (530) 589-3000

MLS: CRMLS #OR24202236

CRMLS logo

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