NOT LISTED FOR SALE

1266 Olive Ave Redding, CA 96001

Magnolia Neighborhood

Estimated Value: $310,000 - $343,000

3 Beds
2 Baths
1,390 Sq Ft
$232/Sq Ft Est. Value

Last Sold November 15, 2021

Last sale price $269,500 $194 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $1,934/month

124 Days on Market

Highlights

  • City View
  • No HOA
  • Mini Split Air Conditioners
  • Shasta High School Rated A
  • Covered Deck
  • 1-Story Property

About This Home

As of November 2021

This 1390 square-foot home features a full-length front porch; it is walking distance to some of Redding's fine dining, and to Manzanita Elementary and Shasta High School. It has 3 bedrooms, 2 bathrooms, indoor laundry, fenced back yard, and a 2-car detached garage. There are 4 mini split dual-heating/cooling units to provide optimum comfort to the whole house or single rooms as needed. The large family room also has a ''pot-belly-type'' gas stove -- good ambiance for cold winter evenings.

Last Agent to Sell the Property

Kim Woodland

Venture Properties Listed on: 06/04/2021

Co-Listed By

Joel Pelote

Venture Properties

Last Buyer's Agent

Drew Wahlund

Wahlund & Co. Realty Group License #01918133

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1938

Lot Details

  • 7,405

Home Design

  • Ranch Property
  • Property Attached
  • Raised Foundation
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,390 Sq Ft Home
  • 1-Story Property
  • Free Standing Fireplace
  • City Views
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Parking

  • 2 Parking Spaces
  • Off-Street Parking

Schools

  • Manzanita Elementary School
  • Sequoia Middle School
  • Shasta High School

Utilities

  • Mini Split Air Conditioners
  • Heat Pump System
  • 220 Volts

Additional Features

  • Covered Deck
  • 7,405 Sq Ft Lot

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 105-090-013-000

Property Details

Home Type

Multi-Family

Year Built

Built in 1938

Lot Details

0

Listing Details

  • Bonds HOA: None
  • Directions: Eureka Way west, left on Olive, corner of Olive and Shasta.
  • Fireplace Free Standing: Yes
  • Kitchen Fuel Source: Natural Gas
  • Misc Amenities Laundry: Hook-ups
  • Prop. Type: Residential
  • Year Built: 1938
  • Lot Size Acres: 0.17
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: sha.1359
  • Co List Office Phone: 530-229-1000
  • Architectural Style: Ranch
  • Unit Levels: One
  • Property Attached Yn: Yes
  • Year Built Details: 30+
  • Water:Public: Yes
  • Misc Amenities Deck2: Covered
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Kitchen Countertops: Other
  • Full Bathrooms: 2
  • Total Bedrooms: 3

Exterior Features

  • Roof: Composition
  • View: City
  • Construction Type: Wood Siding
  • Foundation Details: Raised

Garage/Parking

  • Total Parking Spaces: 2.0
  • Parking Features: Off Street
  • Total Parking Spaces: 2.0
  • ParkingOffStreet: Yes

Utilities

  • Electric: Public, 220 Volts
  • Sewer: Public Sewer
  • Cooling: Mini-Split
  • Heating: Heat Pump
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Manzanita
  • High School: Shasta
  • Middle Or Junior School: Sequoia

Lot Info

  • Parcel #: 105-090-013-000
  • Lot Dimensions: 7,405
  • Lot Size Sq Ft: 7405.2
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 4, 2021
Closed on
Nov 12, 2021
Sold by
Wolter Debra and Debra Wolter Revocable Trust
Bought by
Sims Ramsey
Seller's Agent
Kim Woodland
Venture Properties
Buyer's Agent
Drew Wahlund
Wahlund & Co. Realty Group
List Price
$299,000
Sold Price
$269,500
Premium/Discount to List
-$29,500
-9.87%
Current Estimated Value
$321,846

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$52,346
Avg. Annual Appreciation
4.40%
Original Mortgage
$264,618
Outstanding Balance
$242,544
Interest Rate
3.01%
Mortgage Type
FHA
Estimated Equity
$79,302

Purchase Details

Closed on
Jun 19, 2020
Sold by
Wolter Debra L
Bought by
Wolter Debra and The Debra Wolter Revocable Tru

Purchase Details

Closed on
Sep 20, 2018
Sold by
Hoffman Steven W and The State Of California
Bought by
Wolter Debra L

Purchase Details

Closed on
Nov 17, 2016
Sold by
Department Of Veterans Affairs Of The St
Bought by
Hoffman Steven W

Purchase Details

Closed on
Dec 13, 1999
Sold by
Mcdonough Patricia Ann
Bought by
Va
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Buyer Sale Price Title Company
Sims Ramsey $269,500 Fidelity Natl Ttl Co Of Ca
Wolter Debra -- None Available
Wolter Debra L $42,000 None Available
Hoffman Steven W -- None Available
Va $77,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sims Ramsey $264,618
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/15/2021 11/15/21 Sold $269,500 -9.9% $194 / Sq Ft
10/05/2021 10/05/21 Pending -- -- --
06/03/2021 06/03/21 For Sale $299,000 -- $215 / 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 $2,965 $285,994 $42,448 $243,546
2024 $2,920 $280,387 $41,616 $238,771
2023 $2,920 $274,890 $40,800 $234,090
2022 $2,871 $269,500 $40,000 $229,500
2021 $1,907 $175,195 $36,069 $139,126
2020 $1,932 $173,400 $35,700 $137,700
2019 $1,834 $170,000 $35,000 $135,000
2018 $1,092 $103,998 $33,764 $70,234
2017 $1,084 $101,959 $33,102 $68,857
2016 $1,048 $99,960 $32,453 $67,507
2015 $1,034 $98,459 $31,966 $66,493
2014 $1,025 $96,531 $31,340 $65,191
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2021

    Kim Woodland

    Venture Properties

  • J

    Seller Co-Listing Agent in 2021

    Joel Pelote

    Venture Properties

  • Drew Wahlund

    Buyer's Agent in 2021

    Drew Wahlund

    Wahlund & Co. Realty Group

    (530) 510-3412

    11 in this area

    981 Total Sales

    Drew Wahlund
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Map

Source: Shasta Association of REALTORS®

MLS Number: 21-2633

Shasta Association of REALTORS®

APN: 105-090-013-000

California Shasta County Redding 96001 Magnolia

1266 Olive Ave, Redding, CA

Not Listed for Sale

MultiFamily

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