tomo logo

$925,000

Beds
Unknown
sq ft
2,691

765 Humboldt Ave, Chico, CA 95928

765 Humboldt Ave

Chico, CA 95928

  • 94 days on market
    • Price drop $25,000↓
Black and White Perfection: Elevate Your Investment Game Today! Discover an incredible investment opportunity with this stylish black and white residential income property featuring six updated units. You'll find five chic 1-bedroom units and a detached 2-bedroom unit, each freshly painted and boasting sleek fixtures, flooring, and a modern color scheme. Unit 1 charms with a ground-level front patio, while Units 2 and 3 offer cozy upstairs living in the main house. Units 4 and 5 nestle at the rear, with the detached rear unit offering serene views backing up to the Little Chico Creek area. Ample on-site and street parking, along with separate gas and electric meters for each unit, make tenant management a breeze. Just a short ride from downtown, tenants will relish the convenience of nearby shopping, restaurants, and pubs. Don’t miss out on adding this property to your portfolio!

Details

Property type

Apartment

Est. home value

$661,049

Lot size

0.23 acres

Price per sq ft

$344

Year built

1885

Price History

08/09/2024
CRMLS

CRMLS #SN24123348

Price change
$925,000
-2.63%
07/09/2024
CRMLS

CRMLS #SN24123348

Listed
$950,000
06/25/2024
CRMLS

CRMLS #SN24123348

Pending
$950,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Sidewalks

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

$542,565
Asking price
$925,000
Closing costs (~8% of asking)
-$74,000
Est. remaining loan balance
-$308,435
Cash to seller
$542,565

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

Seller’s Loan History

Lender

Theresa Dahlbeck Ira

Loan start date

October 2023

Original loan amount

$551,250

Est. remaining balance

$308,435

Interest rate

7.23%

Loan type

New Conventional, 2 year

Seller

Mk Investing Llc

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?

Status: Active

Tomo last checked: 09/19/2024 at 6:05 PM

Listing updated: 08/15/2024 at 4:15 PM

Listed by: Matt Depa, Re/Max of Chico Phone #: (530) 896-9300

MLS: CRMLS #SN24123348

CRMLS logo

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