NOT LISTED FOR SALE

1604 Willis St Redding, CA 96001

Magnolia Neighborhood

Estimated Value: $323,000 - $635,000

5 Beds
3 Baths
1,671 Sq Ft
$253/Sq Ft Est. Value

Last Sold August 16, 2024

Last sale price $370,000 $221 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $2,377/month

22 Days on Market

About This Home

As of August 2024

4 Plex in Downtown Needs TLC but Has Huge Potential! This 4 plex is located in the heart of downtown and is just steps away from all the attractions Redding has to offer. Unit #3 is a 2 Bedroom 1.5 Bath displayed in the photos, which has been updated and is rent ready. Units 1, 2 & 4 need TLC, all the units are spacious and have good bones, they just need some updating to bring them up to date & maximize their rental value. With some work & vision, you could turn this property into a profitable rental with 4 streams of income. Or, you could renovate & sell for a profit. Either way, this is a great opportunity to get into the real estate investment market in an up and coming location.

Last Agent to Sell the Property

Nick Kerley

Realty 110, Inc. License #01332465 Listed on: 03/06/2024

Co-Listed By

Kimberly Moore

Realty 110, Inc. License #02059831

Last Buyer's Agent

Dustin Foster

Relevant Real Estate License #1709563

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,683

Year Built

  • Built in 1972

Lot Details

  • 0.27

Parking

  • Carport
  • Off-Street Parking

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 105-330-016-000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,683

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Directions: Placer. Turn north on Willis
  • Prop. Type: Residential Income
  • Year Built: 1972
  • Co List Office Mls Id: sha.2109
  • Co List Office Phone: 530-242-4114
  • Subdivision Name: N/A
  • Carport Y N: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Garage/Parking

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

Lot Info

  • Parcel #: 105-330-016-000
  • Lot Dimensions: 11,346
  • Zoning Description: NOT AVAILABLE

Multi Family

  • Number Of Units Total: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 6, 2024
Closed on
Jul 30, 2024
Sold by
Tripuraneni Vinaya L
Bought by
Renganathan Sri
Seller's Agent
Nick Kerley
Realty 110, Inc.
Buyer's Agent
Dustin Foster
Relevant Real Estate
List Price
$374,900
Sold Price
$370,000
Premium/Discount to List
-$4,900
-1.31%
Views
20
Current Estimated Value
$423,562

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$53,562
Avg. Annual Appreciation
11.23%
Original Mortgage
$276,000
Outstanding Balance
$272,924
Interest Rate
6.95%
Mortgage Type
Seller Take Back
Estimated Equity
$150,638
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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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
Renganathan Sri -- Chicago Title
Renganathan Sri $370,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Renganathan Sri $276,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/16/2024 08/16/24 Sold $370,000 -1.3% $221 / Sq Ft
03/29/2024 03/29/24 Pending -- -- --
03/06/2024 03/06/24 For Sale $374,900 -- $224 / 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 $1,683 $370,000 $80,000 $290,000
2024 $1,657 $155,089 $36,916 $118,173
2023 $1,657 $152,049 $36,193 $115,856
2022 $1,629 $149,069 $35,484 $113,585
2021 $1,621 $146,147 $34,789 $111,358
2020 $1,642 $144,650 $34,433 $110,217
2019 $1,560 $141,814 $33,758 $108,056
2018 $1,574 $139,035 $33,097 $105,938
2017 $1,566 $136,310 $32,449 $103,861
2016 $1,517 $133,638 $31,813 $101,825
2015 $1,498 $131,632 $31,336 $100,296
2014 $1,488 $129,055 $30,723 $98,332
Source: Public Records

Agents Affiliated with this Home

  • Nick Kerley

    Seller's Agent in 2024

    Nick Kerley

    Realty 110, Inc.

    (530) 242-4114

    13 in this area

    296 Total Sales

    Nick Kerley
    Section Image

  • K

    Seller Co-Listing Agent in 2024

    Kimberly Moore

    Realty 110, Inc.

    (530) 355-2538

    5 in this area

    204 Total Sales

    Kimberly Moore
    Section Image
  • Dustin Foster

    Buyer's Agent in 2024

    Dustin Foster

    Relevant Real Estate

    (530) 515-7186

    3 in this area

    286 Total Sales

    Dustin Foster
    Section Image
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Map

Source: Shasta Association of REALTORS®

MLS Number: 24-895

Shasta Association of REALTORS®

APN: 105-330-016-000

California Shasta County Redding 96001 Magnolia

1604 Willis St, Redding, CA

Not Listed for Sale

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