Sold for $400,000

Listed by: Re/Max of Chico • Shane Collins • Contact: 530-896-9300

Bought with: Better Homes and Gardens Real Estate Welcome Home

$400,000

1021 Alder St #1, Chico, CA 95928

3beds

2baths

1,464sqft

Duplex

Built in 1981

-- sqft lot

$403,100 Zestimate^®

$273/sqft

$1,621 Estimated rent

Home value

$403,100

$383,000 - $423,000

$1,621/mo

Zestimate^® history

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$1,621/mo

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$2,524/mo

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$2,524/mo

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What's special

New roofSpacious backyardElectric metersSeparate gasLaundry roomDetached storage structureCeiling fans

Discover the perfect investment! This duplex is nestled close to downtown with convenient access to freeways and Bidwell Park. With a 2-bedroom, 1-bath unit downstairs, leased through May 2025, and a furnished 1-bedroom, 1-bath unit upstairs, this property will ensure a steady income stream for the investor, OR live in one unit while enjoying supplemental rental income. Both units have been updated with wood laminate flooring. Dual pane windows and a new roof were installed 5+ years ago. There are ductless mini splits and ceiling fans throughout. There are separate gas and electric meters for each unit and the property has been connected to City Sewer. The spacious backyard is fenced and includes a detached storage structure and laundry room. Whether you're an astute investor or a discerning homeowner looking for versatility and income potential, this duplex presents a compelling proposition. Don't miss your chance to capitalize on this offering!

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 2

Heating

Ductless, Wall Furnace

Cooling

Ductless, Wall/Window Unit(s)

Appliances

Included: Electric Range, Refrigerator, Dryer, Washer
Laundry: Washer Hookup, Electric Dryer Hookup, See Remarks

Features

Ceiling Fan(s)
Windows: Double Pane Windows
Has fireplace: No
Fireplace features: None
Common walls with other units/homes: No Common Walls

Interior area

Total structure area: 1,464
Total interior livable area: 1,464 sqft

Property

Features

Levels: Two
Stories: 2
Entry location: 1
Pool features: None
Spa features: None
Has view: Yes
View description: None

Lot

Size: 6,098 Square Feet
Features: Back Yard, Front Yard, Level, Rectangular Lot

Details

Additional structures: Outbuilding, Shed(s)
Parcel number: 004351028000
Zoning: AR
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Duplex

Materials

Roof: Composition

Condition

New construction: No
Year built: 1981

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Electricity Connected, Sewer Connected, Water Connected

Community & HOA

Community

Features: Suburban

Location

Region: Chico

Financial & listing details

Price per square foot: $273/sqft
Tax assessed value: $408,000
Annual tax amount: $2,926
Date on market: 3/5/2024
Cumulative days on market: 8 days
Listing terms: Submit
Inclusions: All contents of Unit B to be included with the sale. Washer and Dryer and Refrigerators included.
Tenant pays: Electricity, See Remarks
Road surface type: Paved

Price history

Date	Event	Price
4/16/2024	Sold	$400,000+3.9%$273/sqft
Source: CRMLS #SN24044467 Report a problem
3/24/2024	Pending sale	$385,000$263/sqft
Source: CRMLS #SN24044467 Report a problem
3/5/2024	Listed for sale	$385,000+61.1%$263/sqft
Source: CRMLS #SN24044467 Report a problem
2/3/2018	Sold	$239,000$163/sqft
Source: Agent Provided Report a problem
1/18/2018	Pending sale	$239,000$163/sqft
Source: Re/Max of Chico #SN18011562 Report a problem
1/18/2018	Listed for sale	$239,000+13.8%$163/sqft
Source: Re/Max of Chico #SN18011562 Report a problem
3/7/2012	Listing removed	$210,000$143/sqft
Source: BCHM Inc. #CH12012137 Report a problem
1/29/2012	Listed for sale	$210,000+2.4%$143/sqft
Source: Keller Williams Realty Chico #CH12012137 Report a problem
2/19/2004	Sold	$205,000$140/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$4,730 +59.8%	$408,000 +53%
2024	$2,961 +1.2%	$266,604 +2%
2023	$2,926 +1.6%	$261,378 +2%
2022	$2,879 +2%	$256,254 +2%
2021	$2,824 +0.3%	$251,230 +1%
2020	$2,816 +1.8%	$248,655 +2%
2019	$2,766 +1.9%	$243,780 +2%
2018	$2,713 +13.8%	$239,000 +13.8%
2017	$2,385 +12.7%	$210,000 +5%
2016	$2,116 +19.7%	$200,000 +5.3%
2015	$1,768	$190,000 +15.2%
2014	$1,768	$165,000 +10%
2013	--	$150,000 -16.7%
2012	--	$180,000 -20.9%
2011	--	$227,495 +0.8%
2010	--	$225,796 -0.2%
2009	--	$226,333 +2%
2008	--	$221,896 +2%
2007	--	$217,546 +2%
2006	--	$213,282 +2%
2005	--	$209,100 +172.6%
2004	--	$76,701 +1.9%
2003	--	$75,297 +2%
2002	--	$73,822 +2%
2001	--	$72,375