8 Lorayne Court

8 Lorayne Court in Chico, CA was first built in 1980 and is 44 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a quadplex style. There are a total of 2 floors. There are a total of 16 rooms in the home, of which, 2 are bedrooms. In terms of bathrooms, there is only one bathroom. There is a 1 partial bathroom. 8 Lorayne Court has 3,712 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 9,583 square feet.

Learn more about the property and building on this page. For those who need parking, there is a garage. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with wood control joints. The quality of the control joints have been graded by the local assessor with a letter grade of C. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a central heating 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, 8 Lorayne Court sold most recently in Nov 2, 2023 for a total of $599,000. If you work out the math, that's approximately a cost of $161.37 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 $2,863 in taxes each year. 8 Lorayne Court was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $248,967. If we break it down further, the land itself was valued at $49,539. Improvements to the property, however, were assessed at a total of $199,428. The property's total assessed value has been marked as more than the total market value which is pretty atypical. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!