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Sold for $599,000
    • Listed by: NextHome North Valley Realty • Casey Smyth • 530-402-4411
    Bought with: NONMEMBER MRML
    $599,000

    8 Lorayne Ct, Chico, CA 95926

    8beds
    4baths
    3,712sqft
    Quadruplex
    Built in 1980
    -- sqft lot
    $637,000 Zestimate®
    $161/sqft
    $1,579 Estimated rent

    Home value

    $637,000

    $592,000 - $682,000

    $1,579/mo

    Zestimate® history
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    What's special

    This is a great opportunity to own an investment property located just blocks away from CSU Chico. This well-positioned 4-plex offers not only immediate rental income but also substantial potential for increased capital appreciation and enhanced cash flow. Don't miss out on this opportunity to secure a 4-plex with potential for value enhancement and increased market rents. Whether you're a seasoned investor looking to expand your portfolio or a newcomer seeking a strategic entry point into the real estate market, this property offers a combination of location, potential, and profitability.

    Zillow last checked:

    Listing updated:

    Listed by:

    Casey Smyth DRE #01941937 530-402-4411,

    NextHome North Valley Realty

    Bought with:

    General NONMEMBER, DRE #02032437

    NONMEMBER MRML

    Source: CRMLS,MLS#: SN23146463MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 4
    Rooms
    • Room types: Kitchen, Living Room
    Heating
    • Central
    Cooling
    • Central Air
    Appliances
    • Included: Dishwasher, Refrigerator
    • Laundry: Common Area
    Features
    • Flooring: Carpet
    • Has fireplace: No
    • Fireplace features: None
    • Common walls with other units/homes: 1 Common Wall
    Interior area
    • Total structure area: 3,712
    • Total interior livable area: 3,712 sqft

    Property

    Parking
    • Parking features: On Site, On Street
    Features
    • Levels: Two
    • Stories: 2
    • Entry location: Front
    • Pool features: None
    • Spa features: None
    • Fencing: None
    • View description: None
    Lot
    • Size: 9,583 Square Feet
    • Features: 0-1 Unit/Acre
    Details
    • Parcel number: 043131024000
    • Zoning: R3
    • Special conditions: Trust

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Quadruplex
    • Attached to another structure: Yes
    Materials
    • Stucco
    • Foundation: Slab
    • Roof: Composition
    Condition
    • New construction: No
    • Year built: 1980

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable Connected, Natural Gas Connected, Sewer Connected, Water Connected

    Community & HOA

    Community
    • Features: Curbs, Storm Drain(s), Street Lights, Sidewalks
    Location
    • Region: Chico

    Financial & listing details

    • Price per square foot: $161/sqft
    • Tax assessed value: $623,102
    • Annual tax amount: $2,956
    • Date on market: 8/10/2023
    • Cumulative days on market: 15 days
    • Listing terms: Submit
    • Tenant pays: Electricity, Gas

    Price history

    DateEventPrice
    11/3/2023Sold$599,000$161/sqft
    Source: CRMLS #SN23146463 Report a problem
    8/25/2023Pending sale$599,000$161/sqft
    Source: CRMLS #SN23146463 Report a problem
    8/10/2023Listed for sale$599,000$161/sqft
    Source: CRMLS #SN23146463 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2026-- $623,102 +2%
    2025$7,081 +6.5%$610,932 +2%
    2024$6,647 +132.2%$599,000 +135.9%
    2023$2,863 +1.7%$253,925 +2%
    2022$2,816 +1.9%$248,967 +2%
    2021$2,764 +0.3%$244,106 +1%
    2020$2,756 +1.8%$241,614 +2%
    2019$2,707 +1.8%$236,897 +2%
    2018$2,658 +0.9%$232,272 +2%
    2017$2,636 +9.3%$227,739 +2%
    2016$2,411 +2.4%$223,294 +1.5%
    2015$2,354 $219,956 +2%
    2014$2,354 $215,668 +0.5%
    2013-- $214,699 +2%
    2012-- $210,509 +2%
    2011-- $206,402 +0.7%
    2010-- $204,868 -0.2%
    2009-- $205,353 +2%
    2008-- $201,347 +2%
    2007-- $197,420 +2%
    2006-- $193,570 +2%
    2005-- $189,795 +2%
    2004-- $186,094 +1.9%
    2003-- $182,703 +2%
    2002-- $179,142 +2.6%
    2001-- $174,650
    Find assessor info on the county website

    Neighborhood: The Avenues

    Nearby schools

    GreatSchools rating
    Sell for more on Zillow
    Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
    $637,000
    2% more
    +$12,740
    With Zillow Showcase(estimated)
    $649,740
    Sell for more on Zillow
    Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
    $637,000
    2% more
    +$12,740
    With Zillow Showcase(estimated)
    $649,740

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