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820 Spruce Street

Gridley, CA 95948
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Bed 1

Bed

Bath 1

Bath

SqFt820

Sqft

804 & 820 Spruce Street. THERE ARE TWO DETACHED HOMES. LIVE IN ONE, RENT THE OTHER! Offered together at $425,000, 820 and 804 Spruce Street provide a rare opportunity to own two separate detached one-bedroom, one-bath cottages on an approximately 6,000-square-foot parcel. The approximately 820-square-foot main residence at 820 Spruce and beautifully renovated 520-square-foot cottage at 804 Spruce each have their own address, driveway and utilities, providing the privacy and independence of two individual homes in an attractive landscaped setting. For an owner-occupant, the second cottage can substantially change the economics of ownership. With 10% down, an illustrative $382,500 mortgage financed for 15 years at 6.5% would have a monthly principal-and-interest payment of approximately $3,3 32 and would be completely paid off at the end of the 15-year term. Meanwhile, rental income of just $1,350 per month from 804 Spruce would generate approximately $243,000 over those 15 years more than the approximately $217,000 of total interest paid over the entire life of the mortgage, even assuming no rent increases. Live in one, collect income from the other, and in 15 years own two detached homes free of mortgage debt. It is an unusual combination of affordable owner occupancy, immediate rental income and long-term equity building.

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Detail Ic Property Details

Property Type : Residential

Price : $425,000

AD Id : 89140462

MLS Id : 226099007

Beds : 1

Living Area Size : 820 Sq. Ft

Year Built : 1958

County : Butte

  • Map Map

Map

Feature Features

  • Bedroom Information

    Total beds: 1

    Bathroom Information

    Total Baths: 1 Full Baths: 1

    Water/Sewer

    Sewer: Public Sewer

    Room Information

    Total Bedroom: 1
  • Flooring Information

    Carpet, Laminate, Linoleum
  • Roofing Information

    Composition
  • Interior Features

    Roof: Composition Appliances: Free Standing Refrigerator, Dishwasher, Microwave, Free Standing Gas Oven Laundry Features: Electric, Gas Hook-Up, Inside Area
  • Heating & Cooling

    Heating: Ductless Cooling: Ductless WaterSource: Public
  • Fireplace

    Number of Fireplaces: 0 Fireplace Features: 0

  • Building Information

    Year Built: 1958 Construction Materials: Stucco Roof: Composition Foundation Details: Raised, Slab
  • Exterior Features

    Foundation Details: Raised, Slab
  • Laundry Features

    Electric, Gas Hook-Up, Inside Area

  • Lot Information

    Lot Description: Auto Sprinkler Front, Landscape Front, Low Maintenance Lot Square Feet: 6,500 Stories: 1 Main Square Feet: 820 Topography: Level

    Property Information

    Property Type: Residential Sub Type: 2 Houses on Lot Style: Cottage SQ ft (Living Area): 820 Construction Materials: Stucco Property Age: 68 Cross Street: Hwy 99 Source Neighborhood: 12558 Area: Gridley S: 95948 Zoning: R Living Area Source: Owner Structure Type: Custom

    Farm Info

    Irrigation Source: Public District, Meter on Site

  • Listing Price Information

    Listing Id: 226099007 List Price: $425,000 List Price Tot SqFt: $518

  • Tax Information

    Parcel Number: 009122004000

  • Parking Information

    Private, Uncovered Parking Space

  • Elementary School District: Gridley Unified
    Junior High School District: Gridley Unified
    Senior High School District: Gridley Unified
  • Utility Information

    Sewer Connected, Electric, Natural Gas Connected Electric: 220 Volts in Kitchen
  • Location Information

    Direction: Hwy 99- Spruce
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Nearby Home Value

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Little Avenue, Gridley, CA, 95948 $290,000 2 3 1,040 --
Ohio St, Gridley, CA, 95948 $275,000 2 1 884 --
Justeson Avenue, Gridley, CA, 95948 $535,000 4 2 1,505 76,665.60 Sq. Ft
Justeson Ave, Gridley, CA, 95948 $599,900 4 2 1,712 --
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Justeson Avenue, Gridley, CA, 95948 $275,000 2 1 784 --

ByOwner last updated this listing 10/02/2026 @ 22:16

MLS: 226099007 LISTED BY: Kari Wheeler, LPT Realty, Inc SOURCE: MLS Metrolist

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