NOT LISTED FOR SALE

1903 Grace Ave Redding, CA 96001

Magnolia Neighborhood

Estimated Value: $541,000 - $686,000

4 Beds
3 Baths
2,196 Sq Ft
$293/Sq Ft Est. Value

Last Sold June 26, 2023

Last sale price $660,000 $301 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $3,987/month

27 Days on Market

About This Home

As of June 2023

Are you looking for a fully renovated investment property? Look no further! This 4 PLEX features two buildings both with new roofs, new gutters, most all the windows have been replaced, completely new kitchens & bathrooms with upgraded cabinets, granite countertops, & new appliances. All new electrical wiring & panels have been installed, along with all new plumbing. All the HVAC systems are new along with all new ducting. The interiors feature new LVP flooring throughout, except for new carpet on the stairs. Each unit has indoor private laundry, PLUS all have new sheetrock, new doors & fresh new paint inside & out. With a Gross annual income over $59,000 & CAP Rate at 6.57% This is an excellent investment opportunity for anyone looking for a TURN-KEY investment!

Last Agent to Sell the Property

Nick Kerley

Realty 110, Inc. License #01332465 Listed on: 04/24/2023

Last Buyer's Agent

Taylor Carter

Real Brokerage Technologies License #02105535

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,124

Year Built

  • Built in 1948

Lot Details

  • 8,276

Parking

  • Off-Street Parking

Home Design

  • Stucco

Utilities

  • Central Air

Listing and Financial Details

  • Assessor Parcel Number 105-620-041-000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,124

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Directions: Placer West, Chestnut South, Gold St Left, Right on Grace.
  • Prop. Type: Residential Income
  • Year Built: 1948
  • Heating Gas: Natural
  • Subdivision Name: N/A
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Exterior Features

  • Construction Type: Stucco

Garage/Parking

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

Utilities

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

Lot Info

  • Parcel #: 105-620-041-000
  • Lot Dimensions: 7,861
  • Zoning Description: NOT AVAILABLE

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 24, 2023
Closed on
Jun 16, 2023
Sold by
Dragon Ridge Properties Llc
Bought by
Bartlett Jonathan
Seller's Agent
Nick Kerley
Realty 110, Inc.
Buyer's Agent
Taylor Carter
Real Brokerage Technologies
List Price
$699,000
Sold Price
$660,000
Premium/Discount to List
-$39,000
-5.58%
Views
40
Current Estimated Value
$642,394

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$17,606
Avg. Annual Appreciation
-1.12%
Original Mortgage
$495,000
Outstanding Balance
$481,667
Interest Rate
6.35%
Mortgage Type
New Conventional
Estimated Equity
$160,727

Purchase Details

Closed on
May 7, 2021
Sold by
Cline Brandon and Cline Michelle
Bought by
Dragon Ridge Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$445,000
Interest Rate
3.1%
Mortgage Type
Credit Line Revolving

Purchase Details

Listed on
Aug 29, 2019
Closed on
Oct 19, 2019
Sold by
Walker Richard T and Walker Shelley R
Bought by
Cline Brandon and Cline Michelle
Seller's Agent
Catherine Michael
Venture Properties
Buyer's Agent
Colette Johnson
eXp Realty of California, Inc.
List Price
$289,900
Sold Price
$245,000
Premium/Discount to List
-$44,900
-15.49%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.70%
Original Mortgage
$292,500
Interest Rate
3.4%
Mortgage Type
Construction

Purchase Details

Closed on
Feb 20, 2004
Sold by
Blodgett Louis J and Blodgett Janice E
Bought by
Walker Richard T and Walker Shelley R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,000
Interest Rate
5.65%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 17, 1996
Sold by
Tc Blodgett and Tc Janet
Bought by
Blodgett Louis J and Blodgett Janice E
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
Bartlett Jonathan $660,000 Fidelity National Title Compan
Dragon Ridge Properties Llc -- Placer Title Company
Cline Brandon $245,000 Placer Title Company
Walker Richard T $264,000 Fidelity National Title Co
Blodgett Louis J -- --
Blodgett Louis J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bartlett Jonathan $495,000
Previous Owner Dragon Ridge Properties Llc $445,000
Previous Owner Cline Brandon $292,500
Previous Owner Walker Richard T $198,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/26/2023 06/26/23 Sold $660,000 -1.3% $301 / Sq Ft
05/21/2023 05/21/23 Pending -- -- --
05/17/2023 05/17/23 Price Changed $669,000 -1.5% $305 / Sq Ft
05/16/2023 05/16/23 Price Changed $679,000 -2.9% $309 / Sq Ft
04/24/2023 04/24/23 For Sale $699,000 +185.3% $318 / Sq Ft
08/30/2019 08/30/19 Sold $245,000 -15.5% $112 / Sq Ft View Prior Sale
08/30/2019 08/30/19 Pending -- -- --
08/27/2019 08/27/19 For Sale $289,900 -- $132 / 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 $7,124 $686,664 $62,424 $624,240
2024 $5,442 $673,200 $61,200 $612,000
2023 $5,442 $509,796 $62,424 $447,372
2022 $5,350 $499,800 $61,200 $438,600
2021 $2,736 $247,537 $55,569 $191,968
2020 $2,770 $245,000 $55,000 $190,000
2019 $2,758 $255,000 $60,000 $195,000
2018 $2,652 $238,000 $50,000 $188,000
2017 $2,491 $220,000 $50,000 $170,000
2016 $2,350 $210,000 $50,000 $160,000
2015 $2,355 $210,000 $50,000 $160,000
2014 $2,275 $200,000 $50,000 $150,000
Source: Public Records

Agents Affiliated with this Home

  • Nick Kerley

    Seller's Agent in 2023

    Nick Kerley

    Realty 110, Inc.

    (530) 242-4114

    13 in this area

    297 Total Sales

    Nick Kerley
    Section Image
  • Taylor Carter

    Buyer's Agent in 2023

    Taylor Carter

    Real Brokerage Technologies

    (530) 526-4356

    1 in this area

    48 Total Sales

    Taylor Carter
    Section Image

  • S

    Buyer's Agent in 2023

    SARAH CHAMBERLAIN

    GOLDEN STATE PROPERTIES

  • C

    Seller's Agent in 2019

    Catherine Michael

    Venture Properties

  • C

    Buyer's Agent in 2019

    Colette Johnson

    eXp Realty of California, Inc.

    Section Image

  • C

    Buyer's Agent in 2019

    Colette Anders

    REALTY EXECUTIVES

See All Agents

Map

Source: Shasta Association of REALTORS®

MLS Number: 23-1455

Shasta Association of REALTORS®

APN: 105-620-041-000

California Shasta County Redding 96001 Magnolia

1903 Grace Ave, Redding, CA

Not Listed for Sale

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