$175,000
SOLD FEB 9, 2016

1134 Franzel Rd Red Bluff, CA 96080

6 Beds
3 Baths
2,448 Sq Ft
9,148 Sq Ft Lot

Recently Sold

$71 Per Sq Ft

29% Below List Price

108 Days on Market

Highlights

  • All Bedrooms Downstairs
  • No HOA
  • Laundry Room
  • Traditional Architecture
  • Neighborhood Views
  • Central Air

About This Home

As of July 2024

Great income property. 3-2 bedroom 1 bath units with new carpet and paint in all units. Each unit has a carport space and storage closet. Hvac units and roof approximately 5 years old. There is also a detached 1 car garage which could be used for additional income.

Last Agent to Sell the Property

Cory Meyer

EXP Realty of Northern California, Inc. License #01715789 Listed on: 11/03/2015

EXP Realty of Northern California, Inc.

Co-Listed By

Dusty Clement

Aspire Real Estate License #01952581

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,551

Year Built

  • Built in 1972

Lot Details

  • 9,148 Sq Ft Lot
  • Two or More Common Walls
  • Chain Link Fence
  • Density is 2-5 Units/Acre

Parking

  • 1 Car Garage
  • 3 Carport Spaces

Home Design

  • Traditional Architecture
  • Property Attached
  • Composition Roof

Interior Spaces

  • 2,448 Sq Ft Home
  • Carpet
  • Neighborhood Views

Kitchen

  • Electric Oven
  • Electric Range

Bedrooms and Bathrooms

  • 6 Bedrooms
  • All Bedrooms Down
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Outdoor Features

  • Rain Gutters

Utilities

  • Central Air
  • Wall Furnace

Listing and Financial Details

  • Assessor Parcel Number 031175321

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Electric Expense $20
  • Insurance Expense $120
  • Other Expense $40
  • Pest Control $37
  • Trash Expense $60
  • Water Sewer Expense $110
  • Gross Income $2,250
  • Net Operating Income $1,862

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,551

Year Built

Built in 1972

Lot Details

0

Parking

1

Listing Details

  • Other Phone Description: Office
  • Other Phone Number: 530-427-4240
  • Property Attached: Yes
  • View: Yes
  • Water Sewer Expenses: 110.00
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Parcel Number: 031175321
  • Year Built: 1972
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 71.49
  • Room Type: All Bedrooms Down

Exterior Features

  • View: Neighborhood
  • Fencing: Chain Link
  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Carport Spaces: 3.00
  • Garage Spaces: 1.00
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Natural Gas Available, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Electric Oven, Electric Range, Refrigerator
  • Electric: Electricity - On Property
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area, Community
  • Pest Control Expense: 37.00
  • Trash Expense: 60.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters

Lot Info

  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 9148.00
  • Price Per Lot Square Foot: 19.13
  • Lot Size Acres: 0.2100

Multi Family

  • Average2 Bed Area: 816
  • Electric Expense: 20.00
  • Gross Income: 2250.00
  • Gross Scheduled Income: 2250.00
  • Insurance Expense: 120.00
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 9148.0000 Square Feet
  • Net Operating Income: 1862.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 3
  • Operating Expense: 387.00
  • Other Expense: 40.00
  • Other Expense Description: laundry
  • Rent Control: No

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
9.52%
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
8.04%
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
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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 Type Sale Price Title Company
Grant Deed $330,000 Placer Title Company
Gift Deed -- None Listed On Document
Grant Deed $175,000 Placer Title Company
Grant Deed $120,000 Placer Title Company
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $247,500 New Conventional
Previous Owner $131,250 New Conventional
Previous Owner $120,000 Purchase Money Mortgage
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: California Regional Multiple Listing Service (CRMLS)

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

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CH15191208

California Regional Multiple Listing Service (CRMLS)

APN: 031-175-032-000