NOT LISTED FOR SALE

1112 Burton Dr Redding, CA 96003

Estimated Value: $719,000 - $868,864

2 Beds
2 Baths
4,770 Sq Ft
$172/Sq Ft Est. Value

Last Sold September 20, 2024

Last sale price $875,000 $183 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $5,119/month

17 Days on Market

About This Home

As of September 2024

This 4-Plex represents an exceptional investment in a highly sought-after location, offering three 1190 sqft & one 1287 sqft units, each with 2 bedrooms, 1.5 baths, indoor laundry facilities, and attached garages. The property has been impeccably managed and maintained, ensuring a lucrative opportunity for the new owner. The property enjoys proximity to schools, shopping centers, transportation, and churches, making it highly desirable for tenants seeking convenience and accessibility. Overall, this 4Plex represents an exceptional investment in a highly sought-after location.

Last Agent to Sell the Property

Ray Ault

Coldwell Banker Select Real Estate - Redding License #01236173 Listed on: 06/19/2024

Coldwell Banker Select Real Estate - Redding

Last Buyer's Agent

Aaron Nelson

Real Brokerage Technologies License #01359293

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1987

Lot Details

  • 0.28

Home Design

  • Stucco

Parking

  • Garage
  • Off-Street Parking

Utilities

  • Central Air

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 071-340-037-000

Property Details

Home Type

Multi-Family

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Directions: From Churn Creek Road head north past Old Alturas Rd to Right on Lancers to Left on Burton
  • Prop. Type: Residential Income
  • Year Built: 1987
  • Heating Gas: Natural
  • Ownership: Seller
  • Subdivision Name: N/A
  • Garage Yn: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Exterior Features

  • Construction Type: Stucco

Garage/Parking

  • Parking Features: Guest, Off Street
  • ParkingOffStreet: Yes
  • Parking:Guest: Yes
  • Parking Facilities:Parking Garage: Yes

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating:Forced Air: Yes

Lot Info

  • Parcel #: 071-340-037-000
  • Lot Dimensions: 12,196
  • Zoning Description: RED - RM - Multiple Family Districts

Multi Family

  • Number Of Units Total: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 19, 2024
Closed on
Sep 17, 2024
Sold by
Nelson Aaron
Bought by
Nelson Karese
Seller's Agent
Ray Ault
Coldwell Banker Select Real Estate - Redding
Buyer's Agent
Aaron Nelson
Real Brokerage Technologies
List Price
$899,000
Sold Price
$875,000
Premium/Discount to List
-$24,000
-2.67%
Views
2
Current Estimated Value
$818,966

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$56,034
Avg. Annual Appreciation
-5.04%
Original Mortgage
$450,000
Outstanding Balance
$444,942
Interest Rate
6.47%
Mortgage Type
New Conventional
Estimated Equity
$374,024

Purchase Details

Closed on
Oct 28, 2014
Sold by
Knighten Gary L and Knighten Patsy Ann
Bought by
The Gary & Patsy Knighten 1995 Trust and Knighten Patsy Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,304,000
Interest Rate
4.2%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 25, 2008
Sold by
Davis David J and Davis Magdalena M
Bought by
Knighten Gary L and Knighten Patsy Ann

Purchase Details

Closed on
Jun 23, 2000
Sold by
Jamey Mazzotta
Bought by
Davis David J and Davis Magdalena M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
8.53%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Nelson Karese -- Placer Title
Nelson Karese $875,000 Placer Title
The Gary & Patsy Knighten 1995 Trust -- Fidelity National Title Co
Knighten Gary L -- Fidelity Natl Title Co Of Ca
Davis David J $265,000 Alliance Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nelson Karese $450,000
Previous Owner The Gary & Patsy Knighten 1995 Trust $2,304,000
Previous Owner Davis David J $160,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/20/2024 09/20/24 Sold $875,000 -2.7% $183 / Sq Ft
07/07/2024 07/07/24 Pending -- -- --
06/19/2024 06/19/24 For Sale $899,000 +3.9% $188 / Sq Ft
06/01/2022 06/01/22 Sold $865,000 -6.0% $181 / Sq Ft View Prior Sale
04/11/2022 04/11/22 Pending -- -- --
03/16/2022 03/16/22 For Sale $919,900 -- $193 / Sq Ft
Source: Shasta Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $9,938 $875,000 $125,000 $750,000
2024 $9,801 $899,946 $130,050 $769,896
2023 $9,801 $882,300 $127,500 $754,800
2022 $6,163 $556,977 $99,013 $457,964
2021 $5,954 $546,057 $97,072 $448,985
2020 $5,928 $540,459 $96,077 $444,382
2019 $5,226 $470,000 $80,000 $390,000
2018 $4,550 $405,000 $60,000 $345,000
2017 $4,606 $395,000 $60,000 $335,000
2016 $4,176 $375,000 $50,000 $325,000
2015 $3,636 $325,000 $50,000 $275,000
2014 $3,068 $270,000 $40,000 $230,000
Source: Public Records

Agents Affiliated with this Home

  • Ray Ault

    Seller's Agent in 2024

    Ray Ault

    Coldwell Banker Select Real Estate - Redding

    (530) 945-7807

    65 Total Sales

    Ray Ault
    Section Image
  • Aaron Nelson

    Buyer's Agent in 2024

    Aaron Nelson

    Real Brokerage Technologies

    (530) 921-9291

    7 Total Sales

    Aaron Nelson
    Section Image

  • W

    Seller's Agent in 2022

    Will Ramsdell

    Properties by Merit Inc.

See All Agents

Map

Source: Shasta Association of REALTORS®

MLS Number: 24-2712

Shasta Association of REALTORS®

APN: 071-340-037-000

California Shasta County Redding 96003

1112 Burton Dr, Redding, CA

Not Listed for Sale

MultiFamily

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