Sold for $404,235

Listed by: Parkway Real Estate Co. • Lori Akers • Contact: 530-592-3432

Bought with: Parkway Real Estate Co.

$404,235

862 Palmetto Ave, Chico, CA 95926

2beds

936sqft

Single Family Residence

Built in 1951

8,712 Square Feet Lot

$404,000 Zestimate^®

$432/sqft

$1,608 Estimated rent

Home value

$404,000

$384,000 - $424,000

$1,608/mo

Zestimate^® history

Owner options

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$1,608/mo

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$1,608/mo

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$2,533/mo

Est. payment

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$2,533/mo

Est. payment

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What's special

Huge backyardNew subway tile showerNew cabinetsClose to downtownStorage shedSolid surface counter topsHardwood floors

Close to downtown, Bidwell Park, CSUC, schools and 2 blocks from shopping and restaurants you will find this renovated and adorable cottage style home with huge backyard! Recently remodeled kitchen and bath, hardwood floors, and fireplace add to the appeal of this charming home. The kitchen remodel includes new cabinets, solid surface counter tops, tile flooring and stainless appliances. The bath has new subway tile shower, vanity, and flooring. Currently used as an Airbnb this home is in move-in ready condition for you or would make a great investment. The garage is oversized with room for one car and storage; the driveway is oversized and may accommodate an RV. The backyard is super spacious with a patio, storage shed, clothes line and lots of lawn area for play; there appears to be room to add an ADU. So many options for this great home!! Make an appointment to see it today!

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 1
Full bathrooms: 1
Main level bathrooms: 1
Main level bedrooms: 2

Rooms

Room types: Kitchen, Living Room

Bathroom

Features: Remodeled

Kitchen

Features: Updated Kitchen

Heating

Central, Forced Air, Natural Gas

Cooling

Central Air, Electric

Appliances

Included: Dishwasher, Gas Range, Microwave, Refrigerator, Dryer, Washer
Laundry: In Garage

Features

Flooring: Tile, Wood
Windows: Double Pane Windows
Has fireplace: Yes
Fireplace features: Living Room
Common walls with other units/homes: No Common Walls

Interior area

Total interior livable area: 936 sqft

Property

Parking

Total spaces: 1
Parking features: Garage, RV Potential
Attached garage spaces: 1

Features

Levels: One
Stories: 1
Entry location: Front porch
Patio & porch: Concrete, Patio
Pool features: None
Spa features: None
Fencing: Wood
Has view: Yes
View description: None

Lot

Size: 8,712 Square Feet
Features: Back Yard, Front Yard, Near Park

Details

Additional structures: Shed(s)
Parcel number: 003505005000
Zoning: R1
Special conditions: Standard,Trust

Construction

Type & style

Home type: SingleFamily
Architectural style: Cottage
Property subtype: Single Family Residence

Materials

Frame, Shingle Siding
Foundation: Raised
Roof: Composition

Condition

Updated/Remodeled
New construction: No
Year built: 1951

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Features: Suburban, Park
Security: Carbon Monoxide Detector(s), Smoke Detector(s)

Location

Region: Chico

Financial & listing details

Price per square foot: $432/sqft
Tax assessed value: $412,284
Annual tax amount: $4,769
Date on market: 12/1/2023
Cumulative days on market: 3 days
Listing terms: Cash,Cash to New Loan,Conventional,FHA,Fannie Mae,Freddie Mac,VA Loan
Inclusions: Refrigerator, washer, dryer
Road surface type: Paved

Price history

Date	Event	Price
12/18/2023	Sold	$404,235+5%$432/sqft
Source: CRMLS #SN23216863 Report a problem
12/4/2023	Pending sale	$385,000$411/sqft
Source: CRMLS #SN23216863 Report a problem
12/1/2023	Listed for sale	$385,000+22.2%$411/sqft
Source: CRMLS #SN23216863 Report a problem
9/10/2021	Sold	$315,000-9.9%$337/sqft
Source: Public Record Report a problem
8/27/2021	Pending sale	$349,500$373/sqft
Source: CRMLS #SN21183800 Report a problem
8/20/2021	Listed for sale	$349,500$373/sqft
Source: CRMLS #SN21183800 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$4,769 +6.6%	$412,284 +2%
2024	$4,472 +24.7%	$404,200 +25.8%
2023	$3,585 +1.6%	$321,300 +2%
2022	$3,527 +116.5%	$315,000 +107.4%
2021	$1,630 +0.3%	$151,896 +1%
2020	$1,624 +1.9%	$150,340 +2%
2019	$1,593 +2%	$147,393 +2%
2018	$1,563 +2.2%	$144,504 +2%
2017	$1,529 +9.6%	$141,671 +2%
2016	$1,395 +2.7%	$138,894 +1.5%
2015	$1,358	$136,808 +2%
2014	$1,358	$134,130 +0.5%
2013	--	$133,525 +2%
2012	--	$130,907 +2%
2011	--	$128,341 +0.8%
2010	--	$127,383 -0.2%
2009	--	$127,687 +2%
2008	--	$125,185 +2%
2007	--	$122,731 +2%
2006	--	$120,326 +2%
2005	--	$117,967 +2%
2004	--	$115,655 +1.9%
2003	--	$113,536 +2%
2002	--	$111,311 +2%
2001	--	$109,130