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2986 Bancroft Drive

2986 Bancroft Drive, Chico, CA 95928
Property in Meriam Park
Sold Apr 29, 2016
$375,500
$150,000 by Bofi Federal Bank
Mortgage Due May 01, 2031
Sold Oct 08, 2012
Transfer
2986 Bancroft Drive has been categorized by the local assessors in Chico, CA as a residential type of property. The building on the property was first built in 2016 and is 8 years old. The home has a total of 3 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 2986 Bancroft Drive has 1,923 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 6,970 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a attached garage for those who require parking. The garage measured 473 sqft. According to our sources, there are a total of 2 available parking spaces. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with wood control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a central heating system. There is a single fireplace in the home. Perfect for those wintery nights. The building on the property is connected to a sewer system. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 2986 Bancroft Drive sold most recently in Apr 27, 2016 for a total of $375,500. If you work out the math, that's approximately a cost of $195.27 per sqft. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $4,899 in taxes each year. 2986 Bancroft Drive was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $419,431. If we break it down further, the land itself was valued at $145,016. Improvements to the property, however, were assessed at a total of $274,415. The property's total assessed value has been marked as more than the total market value which is pretty atypical. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2016
  • Effective Year Built: 2016
  • Building Count: 1
  • Total Rooms: 3
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Quality: C
  • Construction Type: Wood
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 473
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 6,970
  • Total Building Area: 1,923
  • Gross Building Area: 1,923
  • Building Area: 1,923
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,923
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: BEL-AIRE SUB #1
  • Land Acres: 0.16
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 38 BELVEDERE HEIGHTS SUB PH 1

Ownership

  • Current Owner : KOONS FRANK VINCENT
  • Current Owner 2: KOONS CARLA ANN
  • Previous Owner : BILL WEBB CONSTRUCTION INC
  • Owner Before Previous Owner: RIDGECREST PROPERTY GROUP LLC
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Family Trust
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Chico Unified School District
  • Census Tract: 001300

Geography

  • Parcel: 018-580-013-000
  • Lot: 38
  • Latitude: 39.7271
  • Longitude: -121.774

    Address

  • Full Address: 2986 Bancroft Dr
  • Address - House Number: 2986
  • Address - Street Name: Bancroft
  • Address - Suffix Type: Dr
  • State: CA
  • City Name: Chico
  • Zip Code: 95928

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $4,899
  • Tax Rate Code Area: 002005

    Appraisal Valuation

  • Standard Deviation: 0.4559
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 8
  • Final Value: 489,793
  • High Value: 713,125
  • Low Value: 266,460

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $170,000
  • First Open Lien Mortgage Lender: BOFI FEDERAL BANK
  • First Open Lien Mortgage Recording Date: Apr 29, 2016
  • First Open Lien Mortgage Loan Amount: $150,000
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: May 01, 2031
  • Second Open Lien Mortgage Lender: MEMBERS 1ST CU
  • Second Open Lien Mortgage Recording Date: Jun 23, 2021
  • Second Open Lien Mortgage Financing Type: Variable
  • Second Open Lien Mortgage Loan Amount: $20,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $419,431
  • Assessed Land Value: $145,016
  • Assessed Improvements Value: $274,415

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 27, 2016
  • Current Sale Recording Date: Apr 29, 2016
  • Current Sale Transaction ID: 1533532036
  • Current Sale Price: $375,500
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 2016-0015701
  • Previous Sale Recording Date: Oct 08, 2012
  • Previous Sale Contract Date: Oct 05, 2012
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: BOFI FEDERAL BANK
  • First Mortgage Transaction Date: Apr 29, 2016
  • First Mortgage Loan Amount: $150,000
  • First Mortgage Terms: 180
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: May 01, 2031

About Meriam Park



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Frequently Asked Questions

What neighborhood is 2986 Bancroft Drive located in?
The 2986 Bancroft Drive is a located in the neighborhood of Meriam Park in Meriam Park, Chico.
What is the average sales price for listings in 2986 Bancroft Drive?
The average sales price for units in 2986 Bancroft Drive is $0 currently.

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