NOT LISTED FOR SALE

1248 Olive Ave Redding, CA 96001

Magnolia Neighborhood

Estimated Value: $196,000 - $246,000

2 Beds
1 Bath
702 Sq Ft
$325/Sq Ft Est. Value

Last Sold October 21, 2021

Last sale price $175,000 $249 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $1,372/month

72 Days on Market

Highlights

  • Contemporary Architecture
  • Solid Surface Countertops
  • Eat-In Kitchen
  • Shasta High School Rated A
  • No HOA
  • Evaporated cooling system

About This Home

As of October 2021

Welcome to this cute downtown Charmer in the heart of Redding. Walking distance to Shasta High School, restaurants, and grocery stores. 10 Minute drive to the lake, large lot with alley access, and offers a comfortable lay out. Attached 1 car garage with additional storage.

Last Agent to Sell the Property

Drew Wahlund

Wahlund & Co. Realty Group License #01918133 Listed on: 08/13/2021

Co-Listed By

Kyle German

Wahlund & Co. Realty Group License #01951783

Last Buyer's Agent

Kevin O'Brien

Shasta Sotheby's International Realty License #02121395

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,999

Year Built

  • Built in 1941

Lot Details

  • 6,098 Sq Ft Lot

Home Design

  • Contemporary Architecture
  • Property Attached
  • Raised Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 702 Sq Ft Home
  • 2-Story Property
  • Free Standing Fireplace
  • Washer and Dryer Hookup

Kitchen

  • Eat-In Kitchen
  • Solid Surface Countertops

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Utilities

  • Evaporated cooling system
  • Heating System Uses Kerosene
  • Wall Furnace

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 105-090-020-000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,999

Year Built

Built in 1941

Lot Details

0

Listing Details

  • Bonds HOA: None
  • Directions: West on Eureka, Left on Olive, 2 block down Home on right
  • Fireplace Free Standing: Kerosene
  • Kitchen Fuel Source: None
  • Misc Amenities Laundry: Hook-ups
  • Prop. Type: Residential
  • Year Built: 1941
  • Lot Size Acres: 0.14
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: sha.1364
  • Co List Office Phone: 530-691-4444
  • Architectural Style: Contemporary
  • Reso Interior Features: Eat-in Kitchen
  • Unit Levels: Two
  • Property Attached Yn: Yes
  • Year Built Details: 30+
  • Water:Public: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Kitchen Countertops: Solid Surface
  • Full Bathrooms: 1
  • Total Bedrooms: 2

Exterior Features

  • Roof: Composition
  • View: None
  • Construction Type: Stucco
  • Foundation Details: Raised

Garage/Parking

  • Parking Features: On Street
  • Parking:On Street: Yes

Utilities

  • Electric: Public
  • Sewer: Public Sewer
  • Cooling: Evaporative Cooling
  • Heating: Furnace Wall, Kerosene
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel #: 105-090-020-000
  • Lot Dimensions: 6,098
  • Lot Size Sq Ft: 6098.4
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 13, 2021
Closed on
Oct 20, 2021
Sold by
Jensen Christopher and Jensen Liane
Bought by
Savory Jeremy and Savory Brandy
Seller's Agent
Drew Wahlund
Wahlund & Co. Realty Group
Buyer's Agent
Kevin O'Brien
Shasta Sotheby's International Realty
List Price
$199,000
Sold Price
$175,000
Premium/Discount to List
-$24,000
-12.06%
Current Estimated Value
$228,232

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$53,232
Avg. Annual Appreciation
6.99%
Original Mortgage
$166,000
Outstanding Balance
$151,705
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$76,527

Purchase Details

Closed on
Feb 22, 2018
Sold by
Jordan Larry G and Jordan Janet E
Bought by
Jensen Christopher and Jensen Liane

Purchase Details

Closed on
Aug 31, 2010
Sold by
Jordan Larry and Jordan Janet
Bought by
Jordan Larry G and Jordan Janet E
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
Savory Jeremy $175,000 Fidelity Natl Ttl Co Of Ca
Jensen Christopher $89,000 Fidelity National Title Co
Jordan Larry G -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Savory Jeremy $166,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/21/2021 10/21/21 Sold $175,000 -12.1% $249 / Sq Ft
09/02/2021 09/02/21 Pending -- -- --
06/22/2021 06/22/21 For Sale $199,000 -- $283 / 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 $1,999 $191,281 $37,142 $154,139
2024 $1,967 $187,730 $36,414 $151,316
2023 $1,967 $183,980 $35,700 $148,280
2022 $1,878 $175,000 $35,000 $140,000
2021 $1,428 $130,345 $31,535 $98,810
2020 $1,447 $129,009 $31,212 $97,797
2019 $1,374 $126,480 $30,600 $95,880
2018 $784 $68,778 $26,722 $42,056
2017 $779 $67,431 $26,199 $41,232
2016 $755 $66,110 $25,686 $40,424
2015 $746 $65,118 $25,301 $39,817
2014 $740 $63,844 $24,806 $39,038
Source: Public Records

Agents Affiliated with this Home

  • Drew Wahlund

    Seller's Agent in 2021

    Drew Wahlund

    Wahlund & Co. Realty Group

    (530) 510-3412

    11 in this area

    961 Total Sales

    Drew Wahlund
    Section Image
  • Kyle German

    Seller Co-Listing Agent in 2021

    Kyle German

    Wahlund & Co. Realty Group

    (530) 605-8825

    2 in this area

    283 Total Sales

    Kyle German
    Section Image

  • K

    Buyer's Agent in 2021

    Kevin O'Brien

    Shasta Sotheby's International Realty

  • A

    Buyer Co-Listing Agent in 2021

    Amanda Nardo

    Shasta Sotheby's International Realty

See All Agents

Map

Source: Shasta Association of REALTORS®

MLS Number: 21-2913

Shasta Association of REALTORS®

APN: 105-090-020-000

California Shasta County Redding 96001 Magnolia

1248 Olive Ave, Redding, CA

This home is located at 1248 Olive Ave, Redding, CA 96001 since 13 August 2021 and is currently estimated at $228,232, approximately $325 per square foot. This property was built in 1941. 1248 Olive Ave is a home located in Shasta County with nearby schools including Manzanita Elementary School, Sequoia Middle School, and Shasta 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.

Shasta 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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