NOT LISTED FOR SALE

1144 Franzel Rd Red Bluff, CA 96080

Estimated Value: $401,459 - $469,000

8 Beds
4 Baths
3,296 Sq Ft
$135/Sq Ft Est. Value

Last Sold July 10, 2024

Last sale price $395,000 $120 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $2,490/month

61 Days on Market

About This Home

As of July 2024

**Investment Opportunity in Red Bluff, CA!** Welcome to 1144 Franzel Road, where opportunity knocks for savvy investors! This charming Four-Plex boasts four units, each offering 824 square feet of comfortable living space. With 2 bedrooms and 1 bathroom per unit, it's an ideal setup for tenants seeking cozy accommodations. Situated in Red Bluff, CA, this property enjoys a prime location, offering convenience and accessibility to local amenities and attractions. Whether you're a seasoned investor looking to expand your portfolio or a newcomer eager to step into the real estate market, this property presents a promising opportunity. Currently, all units are fully rented, ensuring immediate returns on your investment. Don't miss your chance to capitalize on this excellent income-generating asset in a thriving rental market. Schedule a viewing today and unlock the potential of 1144 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

OUT OF AREA NON MEMBER

Out Of Area Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,717

Year Built

  • Built in 1972

Lot Details

  • 7,405 Sq Ft Lot
  • Cul-De-Sac

Parking

  • 4 Car Parking Spaces

Home Design

  • Quadruplex
  • Composition Roof

Kitchen

  • Range
  • Dishwasher
  • Disposal

Utilities

  • Central Air

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 031-175-030-000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,717

Year Built

Built in 1972

Lot Details

0

Listing Details

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

Interior Features

  • Appliances: Dishwasher, Disposal
  • Fireplace: See Agent Remarks
  • Bathroom Features: See Agent Remarks
  • Insulation: Unknown

Exterior Features

  • Fencing: See Agent Remarks
  • Exterior: See Agent Remarks
  • Foundation: See Agent Remarks
  • Number Of Acres: 0.17
  • Roof: Composition

Garage/Parking

  • Driveway: See Agent Remarks
  • Garage/Parking: See Agent Remarks
  • Number Of Parking Spaces: 4

Utilities

  • Utilities: See Agent Remarks
  • Cooling: Central Air
  • Sewer: Sewer

Lot Info

  • Lot Description: Cul-De-Sac
  • Zoning Code: R-3
  • Geo Update Timestamp: 2024-05-01
  • Additional Assessor Parcel Numbers: 031-175-030-000

Multi Family

  • No. of Units: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 1, 2024
Closed on
Jul 9, 2024
Sold by
Ret Rentals Llc
Bought by
Robertson Rees
Seller's Agent
Mike Gonzalez
Coldwell Banker Select - Red Bluff
Buyer's Agent
OUT OF AREA NON MEMBER
Out Of Area Office
List Price
$399,000
Sold Price
$395,000
Premium/Discount to List
-$4,000
-1%
Views
20
Current Estimated Value
$444,365

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$49,365
Avg. Annual Appreciation
8.86%
Original Mortgage
$316,000
Outstanding Balance
$312,809
Interest Rate
7.03%
Mortgage Type
New Conventional
Estimated Equity
$124,530

Purchase Details

Listed on
May 1, 2024
Closed on
May 31, 2024
Sold by
Drum Alfred D
Bought by
Ret Rentals Llc
Seller's Agent
Mike Gonzalez
Coldwell Banker Select - Red Bluff
Buyer's Agent
OUT OF AREA NON MEMBER
Out Of Area Office
List Price
$399,000
Sold Price
$395,000
Premium/Discount to List
-$4,000
-1%
Views
20

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$316,000
Outstanding Balance
$312,809
Interest Rate
7.03%
Mortgage Type
New Conventional
Estimated Equity
$124,530

Purchase Details

Closed on
Jul 15, 2014
Sold by
Drum Maria
Bought by
Drum Alfred D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,000
Interest Rate
4.13%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Jul 10, 2014
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Drum Alfred D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,000
Interest Rate
4.13%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Oct 3, 2013
Sold by
Gilardi Wendy
Bought by
Federal Home Loan Mortgage Corporation
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
Robertson Rees $395,000 Placer Title Company
Ret Rentals Llc -- None Listed On Document
Drum Alfred D -- Placer Title Company
Drum Alfred D $140,000 Orange Coast Title Company
Federal Home Loan Mortgage Corporation $119,700 Accommodation
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Robertson Rees $316,000
Previous Owner Drum Alfred D $157,500
Previous Owner Drum Alfred D $30,000
Previous Owner Drum Alfred D $70,000
Previous Owner Gilardi Wendy $125,600
Previous Owner Gilardi Wendy $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/10/2024 07/10/24 Sold $395,000 -1.0% $120 / Sq Ft
05/01/2024 05/01/24 For Sale $399,000 -- $121 / 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 $1,717 $395,000 $60,000 $335,000
2023 $1,688 $161,718 $40,427 $121,291
2022 $1,677 $158,548 $39,635 $118,913
2021 $1,610 $155,440 $38,858 $116,582
2020 $1,643 $153,847 $38,460 $115,387
2019 $1,653 $150,831 $37,706 $113,125
2018 $1,529 $147,874 $36,967 $110,907
2017 $1,543 $144,976 $36,243 $108,733
2016 $1,442 $142,134 $35,533 $106,601
2015 -- $140,000 $35,000 $105,000
2014 $1,508 $148,000 $35,000 $113,000
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

  • O

    Buyer's Agent in 2024

    OUT OF AREA NON MEMBER

    Out Of Area Office

See All Agents

Map

Source: Tehama County Association of REALTORS®

MLS Number: 20240327

Tehama County Association of REALTORS®

APN: 031-175-030-000

California Tehama County Red Bluff 96080

1144 Franzel Rd, Red Bluff, CA

This home is located at 1144 Franzel Rd, Red Bluff, CA 96080 since 01 May 2024 and is currently estimated at $444,365, approximately $134 per square foot. This property was built in 1972. 1144 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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