NOT LISTED FOR SALE

1246 Mighty Oak Ln Redding, CA 96002

Enterprise Neighborhood

Estimated Value: $902,029 - $940,000

2 Beds
3 Baths
4,395 Sq Ft
$211/Sq Ft Est. Value

Last Sold November 15, 2024

Last sale price $895,000 $204 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $5,435/month

28 Days on Market

About This Home

As of November 2024

A rare & exceptional opportunity awaits the investor seeking the ''Gold Standard'' of multi-family properties in Redding! Nestled seamlessly within a newer neighborhood which features wide sidewalks, lush greenbelts, & a neighborhood park. Each unit is generously sized with vaulted ceilings, an open-concept kitchen, dining, living room, & a half-bath on the ground floor. All units feature their own Two-Car attached garages. (3) of the units exceed 1,000 sqft, offering Two large bedrooms, each with private bathrooms, spacious closets, & ample storage. The end unit spans 1,300 square feet, featuring 3 bedrooms one with a private bath, & the other two sharing a jack-and-jill bathroom. All units are fully occupied, with excellent potential for increased rental income.

Last Agent to Sell the Property

Nick Kerley

Realty 110, Inc. License #01332465 Listed on: 10/12/2024

Co-Listed By

Kimberly Moore

Realty 110, Inc. License #02059831

Last Buyer's Agent

Nick Kerley

Realty 110, Inc. License #01332465 Listed on: 10/12/2024

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2006

Lot Details

  • 0.29

Parking

  • Garage

Home Design

  • Stucco

Utilities

  • Central Air

Listing and Financial Details

  • Assessor Parcel Number 068-730-030-000

Property Details

Home Type

Multi-Family

Year Built

Built in 2006

Lot Details

0

Listing Details

  • Directions: I5 South to South Bonnyview/Churn Creek Exit. Left onto S. Bonnyview which turns into Churn Creek Rd. Left onto Alrose Lane which turns into Lofty Oak Dr. Left onto Mighty Oak. Property is on the right
  • Prop. Type: Residential Income
  • Year Built: 2006
  • Co List Office Mls Id: sha.2109
  • Co List Office Phone: 530-242-4114
  • 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: On Street
  • Parking:On Street: Yes
  • Parking Facilities:Parking Garage: Yes

Utilities

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

Lot Info

  • Parcel #: 068-730-030-000
  • Zoning Description: NOT AVAILABLE

Rental Info

  • Owner Pays: Water, Garbage

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 12, 2024
Closed on
Nov 8, 2024
Sold by
Mighty Oak Llc
Bought by
Marlee Group Llc
Seller's Agent
Nick Kerley
Realty 110, Inc.
Buyer's Agent
Nick Kerley
Realty 110, Inc.
List Price
$975,000
Sold Price
$895,000
Premium/Discount to List
-$80,000
-8.21%
Views
3
Current Estimated Value
$933,313

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$38,313
Avg. Annual Appreciation
3.07%

Purchase Details

Closed on
Dec 25, 2015
Sold by
Baird Horne Donna M and Horne David R
Bought by
Mighty Oak Llc

Purchase Details

Closed on
Dec 18, 2015
Sold by
Baird Horne Donna M and Horne David R
Bought by
Mighty Oak Llc

Purchase Details

Listed on
Jul 29, 2014
Closed on
Jan 26, 2015
Sold by
East Oaks 4Plex Llc
Bought by
Horne David and Baird Horne Donna
Seller's Agent
Hank Thomas
Greater Shasta Homeplaces
Buyer's Agent
Ray Ault
Coldwell Banker C&C Properties
List Price
$549,900
Sold Price
$500,000
Premium/Discount to List
-$49,900
-9.07%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.80%

Purchase Details

Closed on
Aug 25, 2009
Sold by
Kurth Thomas E and Kurth Rita
Bought by
East Oaks 4Plex Llc

Purchase Details

Closed on
Dec 21, 2007
Sold by
East Oak Estates Partners
Bought by
Kurth Thomas E and Kurth Rita
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
Marlee Group Llc $895,000 Placer Title
Mighty Oak Llc -- None Available
Mighty Oak Llc -- None Available
Baird Horne Donna M -- None Available
Baird Horne Donna M -- None Available
Horne David $1,000,000 Placer Title Company
East Oaks 4Plex Llc -- None Available
Kurth Thomas E $1,514,636 Financial Title Company
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/15/2024 11/15/24 Sold $895,000 -8.2% $204 / Sq Ft
10/26/2024 10/26/24 Pending -- -- --
10/12/2024 10/12/24 For Sale $975,000 0.0% $222 / Sq Ft
09/27/2024 09/27/24 Pending -- -- --
09/27/2024 09/27/24 For Sale $975,000 +95.0% $222 / Sq Ft
01/28/2015 01/28/15 Sold $500,000 -9.1% $114 / Sq Ft View Prior Sale
12/15/2014 12/15/14 Pending -- -- --
07/28/2014 07/28/14 For Sale $549,900 -- $125 / 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 $6,537 $895,000 $125,000 $770,000
2024 $6,446 $589,132 $88,366 $500,766
2023 $6,446 $577,582 $86,634 $490,948
2022 $6,265 $566,258 $84,936 $481,322
2021 $6,052 $555,156 $83,271 $471,885
2020 $6,026 $549,465 $82,418 $467,047
2019 $5,978 $538,692 $80,802 $457,890
2018 $5,909 $528,130 $79,218 $448,912
2017 $6,014 $517,775 $77,665 $440,110
2016 $5,626 $507,624 $76,143 $431,481
2015 $5,563 $500,000 $75,000 $425,000
2014 $4,797 $425,000 $50,000 $375,000
Source: Public Records

Agents Affiliated with this Home

  • Nick Kerley

    Seller's Agent in 2024

    Nick Kerley

    Realty 110, Inc.

    (530) 242-4114

    10 in this area

    287 Total Sales

    Nick Kerley
    Section Image

  • K

    Seller Co-Listing Agent in 2024

    Kimberly Moore

    Realty 110, Inc.

    (530) 355-2538

    3 in this area

    200 Total Sales

    Kimberly Moore
    Section Image

  • H

    Seller's Agent in 2015

    Hank Thomas

    Greater Shasta Homeplaces

    (530) 941-1889

    15 Total Sales

    Hank Thomas
    Section Image

  • M

    Seller Co-Listing Agent in 2015

    Mike Thomas

    Greater Shasta Homeplaces

    Section Image

  • R

    Buyer's Agent in 2015

    Ray Ault

    Coldwell Banker C&C Properties

See All Agents

Map

Source: Shasta Association of REALTORS®

MLS Number: 24-4165

Shasta Association of REALTORS®

APN: 068-730-030-000

California Shasta County Redding 96002 Enterprise

1246 Mighty Oak Ln, Redding, CA

Not Listed for Sale

MultiFamily

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