NOT LISTED FOR SALE
1 Bed
1 Bath
432 Sq Ft
1950 Built

Sale Details

Date Sold: March 15, 2024

Last sale price $550,000 $1,273 Per Sq Ft

24 Days on Market

Highlights

  • Central Air
  • Shasta High School Rated A
  • Wood Siding

About This Home

As of March 2024

Thoroughly renovated triplex in the heart of West Redding just 5 mins from both major hospitals. Currently generating $48,000 in annual gross income with unfurnished units and long-term tenants. Renovations include a new roof, new windows & mini-splits throughout, complete interior & exterior paint, as well as brand new nu-flo sewer lines from the units all the way to the street. Higher-end design features include: luxury vinyl plank floors, brand new Meek's cabinets, corian countertops, counter-to-ceiling tile backsplash, new stainless steel appliances, plus recessed lighting throughout.

Last Agent to Sell the Property

Daniel Miller: Realtor

Upward Realty License #01782607 Listed on: 01/19/2024

Last Buyer's Agent

DANIEL MILLER

SUMMIT REALTY GROUP

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Parking

  • Off-Street Parking

Home Design

  • Wood Siding

Utilities

  • Central Air

Community Details

  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 105-130-005-000

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Listing Details

  • Directions: From Hwy 44 & I-5, head West on Hwy 44 into downtown Redding. Stay on hwy 44 as it turns into shasta st. downtown. Turn L on Olive St. Property is on the right.
  • Prop. Type: Residential Income
  • Year Built: 1950
  • Existing Rntl Terms Written Lease: Yes
  • Financial Info Cap Rate: 6.0
  • Financial Info Complete Package: No
  • Ownership: Seller
  • Subdivision Name: N/A
  • FinancialInfoNetIncome: 41500.0
  • FinancialInfoOperatingExpenses: 6500.0
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Exterior Features

  • Construction Type: Wood Siding

Garage/Parking

  • Parking Features: Assigned, Off Street, On Street
  • ParkingOffStreet: Yes
  • Parking:On Street: Yes
  • Parking:Assigned: Yes

Utilities

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

Lot Info

  • Parcel #: 105-130-005-000
  • Zoning Description: NOT AVAILABLE

Rental Info

  • Owner Pays: Electric, Insurance, Water, Bldg/Grnds Mnt, Real Estate Tax

Multi Family

  • Number Of Units Total: 3
  • Insurance Expense: 163.0

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 19, 2024
Closed on
Mar 14, 2024
Sold by
Bought by
Seller's Agent
Daniel Miller: Realtor
Upward Realty
Buyer's Agent
Daniel Miller: Realtor
Upward Realty
List Price
$599,000
Sold Price
$550,000
Premium/Discount to List
-$49,000
-8.18%
Views
99

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$412,500
Interest Rate
0.0663%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 1, 2021
Closed on
Oct 7, 2021
Sold by
Bought by
Seller's Agent
Dennis Crabill
Domke Real Estate Professionals, Inc.
Buyer's Agent
Daniel Miller: Realtor
Upward Realty
List Price
$175,000
Sold Price
$150,000
Premium/Discount to List
-$25,000
-14.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
70.32%
Original Mortgage
$212,500
Interest Rate
0.028%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Dec 23, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,000
Interest Rate
0.0586%

Purchase Details

Closed on
Mar 29, 2001
Sold by
Bought by

Purchase Details

Closed on
Mar 23, 1995
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,600
Interest Rate
0.0719%
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$550,000 First American Title
$150,000 Fidelity Natl Ttl Co Of Ca
-- Alliance Title Company
-- Placer Title Company
$97,500 Placer Title Company
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $412,500
Closed $412,500
Previous Owner $315,000
Previous Owner $212,500
Previous Owner $150,000
Previous Owner $112,000
Previous Owner $92,600
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/15/2024 03/15/24 Sold $550,000 -8.2% $1,273 / Sq Ft
02/13/2024 02/13/24 Pending -- -- --
01/19/2024 01/19/24 For Sale $599,000 +299.3% $1,387 / Sq Ft
10/08/2021 10/08/21 Sold $150,000 -14.3% $347 / Sq Ft View Prior Sale
09/02/2021 09/02/21 Pending -- -- --
09/01/2021 09/01/21 For Sale $175,000 -- $405 / Sq Ft
Source: Shasta Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $1,683 $561,000 $51,000 $510,000
2024 $1,657 $156,060 $52,020 $104,040
2023 $1,657 $153,000 $51,000 $102,000
2022 $1,629 $150,000 $50,000 $100,000
2021 $1,240 $111,346 $32,009 $79,337
2020 $1,255 $110,205 $31,681 $78,524
2019 $1,193 $108,045 $31,060 $76,985
2018 $1,203 $105,927 $30,451 $75,476
2017 $1,197 $103,851 $29,854 $73,997
2016 $1,159 $101,816 $29,269 $72,547
2015 $1,145 $100,288 $28,830 $71,458
2014 $1,137 $98,325 $28,266 $70,059
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Shasta Association of REALTORS®

MLS Number: 24-341

Shasta Association of REALTORS®

APN: 105-130-05

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