NOT LISTED FOR SALE

1134 Franzel Rd Red Bluff, CA 96080

Estimated Value: $334,727 - $378,000

6 Beds
3 Baths
2,448 Sq Ft
$148/Sq Ft Est. Value

Last Sold July 05, 2024

Last sale price $330,000 $135 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $2,208/month

22 Days on Market

About This Home

As of July 2024

**Prime Investment: Tri-Plex in Red Bluff, CA!** Discover the potential of 1134 Franzel Road, a fantastic Tri-Plex offering three spacious units, each spanning 816 square feet. Boasting 2 bedrooms, 1 bathroom, and convenient in-unit laundry facilities, these units are designed to cater to modern lifestyles. Nestled in Red Bluff, CA, this property enjoys a sought-after location, providing easy access to local amenities, schools, and recreational facilities. Whether you're looking to diversify your investment portfolio or secure a steady stream of rental income, this Tri-Plex presents a lucrative opportunity. Currently fully rented, this property ensures immediate returns on your investment, making it an attractive option for discerning investors. Don't miss out on the chance to capitalize on the thriving rental market in Red Bluff. Schedule a viewing today and seize the potential of 1134 Franzel Road!

Last Agent to Sell the Property

Mike Gonzalez

Coldwell Banker Select - Red Bluff License #01466329 Listed on: 05/01/2024

Coldwell Banker Select - Red Bluff

Last Buyer's Agent

Mike Gonzalez

Coldwell Banker Select - Red Bluff License #01466329 Listed on: 05/01/2024

Coldwell Banker Select - Red Bluff

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,551

Year Built

  • Built in 1972

Lot Details

  • 9,148

Parking

  • 3 Car Parking Spaces

Home Design

  • Triplex

Kitchen

  • Range
  • Disposal

Additional Features

  • Washer and Dryer
  • 9,148 Sq Ft Lot

Community Details

  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 031-175-032-000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,551

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Class: Multi Family
  • Type: Triplex
  • Year Built: 1972
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Number Of Acres: 0.21

Garage/Parking

  • Number Of Parking Spaces: 3

Lot Info

  • Zoning Code: R-3
  • Geo Update Timestamp: 2024-05-02
  • Additional Assessor Parcel Numbers: 031-175-032-000

Multi Family

  • No. of Units: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 1, 2024
Closed on
Jul 2, 2024
Sold by
Ret Rentals Llc
Bought by
Tim O Fay Llc
Seller's Agent
Mike Gonzalez
Coldwell Banker Select - Red Bluff
Buyer's Agent
Mike Gonzalez
Coldwell Banker Select - Red Bluff
List Price
$329,000
Sold Price
$330,000
Premium/Discount to List
$1,000
0.3%
Views
10
Current Estimated Value
$361,932

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$31,932
Avg. Annual Appreciation
9.60%
Original Mortgage
$247,500
Outstanding Balance
$244,957
Interest Rate
6.94%
Mortgage Type
New Conventional
Estimated Equity
$123,413

Purchase Details

Closed on
Jul 18, 2022
Sold by
Drum Alfred E and Drum Patricia J
Bought by
Ret Rentals Llc

Purchase Details

Listed on
Nov 3, 2015
Closed on
Feb 4, 2016
Sold by
Vault Investment Properties Llc
Bought by
Drum Alfred E and Drum Patricia J
Seller's Agent
Cory Meyer
EXP Realty of Northern California, Inc.
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$245,000
Sold Price
$175,000
Premium/Discount to List
-$70,000
-28.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.05%
Original Mortgage
$131,250
Interest Rate
3.93%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 2, 2015
Sold by
Sutherland Daniel Stewart and Norma Sutherland Trust
Bought by
Vault Investment Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
3.76%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 25, 2010
Sold by
Sutherland Norman S
Bought by
Sutherland Norman Sterling
Source: Public Records

Range of Values:

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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
Tim O Fay Llc $330,000 Placer Title Company
Ret Rentals Llc -- None Listed On Document
Drum Alfred E $175,000 Placer Title Company
Vault Investment Properties Llc $120,000 Placer Title Company
Sutherland Norman Sterling -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tim O Fay Llc $247,500
Previous Owner Drum Alfred E $131,250
Previous Owner Vault Investment Properties Llc $120,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/05/2024 07/05/24 Sold $330,000 +0.3% $135 / Sq Ft
05/01/2024 05/01/24 For Sale $329,000 +88.0% $134 / Sq Ft
02/09/2016 02/09/16 Sold $175,000 -28.6% $71 / Sq Ft
12/14/2015 12/14/15 Pending -- -- --
08/28/2015 08/28/15 For Sale $245,000 -- $100 / Sq Ft
Source: Tehama County 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 $3,551 $330,000 $65,000 $265,000
2023 $3,491 $336,000 $65,000 $271,000
2022 $2,059 $195,211 $44,618 $150,593
2021 $1,976 $191,385 $43,744 $147,641
2020 $2,017 $189,424 $43,296 $146,128
2019 $2,030 $185,711 $42,448 $143,263
2018 $1,877 $182,070 $41,616 $140,454
2017 $1,894 $178,500 $40,800 $137,700
2016 $1,234 $121,829 $30,457 $91,372
2015 -- $133,198 $25,614 $107,584
2014 $1,411 $138,715 $27,857 $110,858
Source: Public Records

Agents Affiliated with this Home

  • Mike Gonzalez

    Seller's Agent in 2024

    Mike Gonzalez

    Coldwell Banker Select - Red Bluff

    (530) 840-0266

    18 Total Sales

    Mike Gonzalez
    Section Image
  • Cory Meyer

    Seller's Agent in 2016

    Cory Meyer

    EXP Realty of Northern California, Inc.

    (530) 410-6011

    599 Total Sales

    Cory Meyer
    Section Image

  • D

    Seller Co-Listing Agent in 2016

    Dusty Clement

    Aspire Real Estate

  • N

    Buyer's Agent in 2016

    NoEmail NoEmail

    NONMEMBER MRML

    (646) 541-2551

    5,908 Total Sales

    NoEmail NoEmail
    Section Image
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Map

Source: Tehama County Association of REALTORS®

MLS Number: 20240328

Tehama County Association of REALTORS®

APN: 031-175-032-000

California Tehama County Red Bluff 96080

1134 Franzel Rd, Red Bluff, CA

This home is located at 1134 Franzel Rd, Red Bluff, CA 96080 since 01 May 2024 and is currently estimated at $361,932, approximately $147 per square foot. This property was built in 1972. 1134 Franzel Rd is a home located in Tehama County with nearby schools including Jackson Heights Elementary School, Vista Preparatory Academy, and Red Bluff High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Tehama County Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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