Sold658d on market
618 Rancheria Dr
Chico, CA, 95926 • The Avenues • Butte County
$579,800
$192/sqft
8Beds
3,016Sqft
0.19 acLot
1965Built
This home is getting attention
Listed 658 days ago · 3 views
Market activity
Demand and pricing signals for this listing
3 views
People checking out this listing
658 days on market
Established listing
$192/sqft
Price per square foot
Selling Soon Prediction
HighThis home ranks in the top 13% of listings most likely to go under contract soon, based on market activity and demand signals.
Likelihood score
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About this home
Multi Family · Built 1965
Welcome to 618 Rancheria Drive, an enticing 4-unit multifamily opportunity nestled in the heart of Chico, CA. This property features four-units, each boasting two bedrooms and one bathroom, spanning roughly 765 square feet, with current average rents of $1,175. This unit mix offers a fresh perspective for new investors, as it diverges from the typical three and four-bedroom layouts commonly found in the area. Positioned just 0.2 miles from the University and a mere 0.8 miles from Chico High School, this property appeals to a diverse range of renters, including both students and non-students alike. This prime investment opportunity is offered at an attractive basis of $149,750/unit, yielding a strong day-one CAP rate of 6.11%.
Estimated monthly payment
Based on current rates
$3,596/month
Principal & Interest$2,823
Property Tax$580
Insurance$193
Down payment20% ($115,960)
3%50%
Est. 6.14% rate · 30yr fixed · $463,840 loan
Full calculator →At a glance
Key facts and listing details
TypeQuadruplex
Year Built1965
ParkingNo Data
Property
Home typeMulti Family
Sub-typeQuadruplex
Year built1965
Stories2
Systems
Water / SewerPublic / Public Sewer
Parking & Outdoor
Lot8,276 sqft
Location & Tax
NeighborhoodThe Avenues
ZoningR3
Annual tax$6,659
Parcel043180025000
Features & details
4 categories of property features
Interior Features
Laundry
None
Exterior Features
Lot Features
16-20 Units/Acre
Community
Biking
Street Lights
Sidewalks
Pool Features
None
Listing insights
Market data and value estimates
StatusSold
Days on market658
Est. value$553,500
Est. rent$1,513/mo
Tax rate1.11%
Price/sqft$192
On marketMay 22, 2024
PostedJun 24, 2024
Last sold$579,800
MLS updatedJun 27, 2024
Tour days6
Views3
How are the schools in Chico?
3 schools rated nearby
Location
Chico, CA, 95926
Price history
11 events
DateEventPrice$/sqftSource
Jun 25, 2024Sold$579,800$192CRMLS
May 27, 2024Pending Sale$599,000$199CRMLS
May 22, 2024Listed For Sale$599,000$199CRMLS
Jul 30, 2015Sold$269,000$89Public Record
Jun 11, 2015Pending Sale$269,000$89Century 21 Jeffries Lydon
Jun 11, 2015Listed For Sale$269,000$89Century 21 Jeffries Lydon
Sep 10, 2014Listing Removed$295,000$98Coldwell Banker DuFour Realty
Apr 3, 2014Listed For Sale$295,000$98Coldwell Banker DuFour Realty
May 24, 2002Sold$265,000$88Public Record
Apr 5, 2001Sold$190,000$63Public Record
Jan 16, 1997Sold$125,000$41Public Record
Sold$579,800
Jun 25, 2024•$192/sqft•CRMLS
Pending Sale$599,000
May 27, 2024•$199/sqft•CRMLS
Listed For Sale$599,000
May 22, 2024•$199/sqft•CRMLS
Sold$269,000
Jul 30, 2015•$89/sqft•Public Record
Pending Sale$269,000
Jun 11, 2015•$89/sqft•Century 21 Jeffries Lydon
Listed For Sale$269,000
Jun 11, 2015•$89/sqft•Century 21 Jeffries Lydon
Listing Removed$295,000
Sep 10, 2014•$98/sqft•Coldwell Banker DuFour Realty
Listed For Sale$295,000
Apr 3, 2014•$98/sqft•Coldwell Banker DuFour Realty
Sold$265,000
May 24, 2002•$88/sqft•Public Record
Sold$190,000
Apr 5, 2001•$63/sqft•Public Record
Sold$125,000
Jan 16, 1997•$41/sqft•Public Record
Tax history
25 years of records
YearTax paidAssessed value
Apr 15, 2025$7,693$591,336
Apr 15, 2024$4,319$312,029
Apr 15, 2023$4,279$305,932
Apr 15, 2022$4,223$299,954
Apr 15, 2021$4,160$294,093
Apr 15, 2020$4,151$291,089
Apr 15, 2019$4,091$285,402
Apr 15, 2018$4,032$279,827
Apr 15, 2017$3,999$274,360
Apr 15, 2016$3,728$269,000
Apr 15, 2015$3,526$324,579
Apr 15, 2014$3,456$318,320
Apr 15, 2013—$260,000
Apr 15, 2012—$215,000
Apr 15, 2011—$304,795
Apr 15, 2010—$302,555
Apr 15, 2009—$303,262
Apr 15, 2008—$297,415
Apr 15, 2007—$291,683
Apr 15, 2006—$286,063
Apr 15, 2005—$280,553
Apr 15, 2004—$275,151
Apr 15, 2003—$270,200
Apr 15, 2002—$193,760
Apr 15, 2001—$134,023
Nearby homes
Neighborhood details
Local context around this listing
Chico, CA • Butte County
Nearby neighborhoods
ChapmantownDowntownMansion parkSouth CampusThe Avenues
Nearby cities
Berry CreekBiggsChicoDurhamForest RanchGridleyMagaliaOroville
Nearby zip codes
959269592795928959299593895942959739597696092
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