1903 Grace Ave Redding, CA 96001
Magnolia Neighborhood
--
Bed
--
Bath
2,196
Sq Ft
8,276
Sq Ft Lot
About This Home
As of June 2023Are 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
Realty 110, Inc. License #01332465 Listed on: 04/24/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,124
Year Built
- Built in 1948
Parking
- Off-Street Parking
Home Design
- Stucco
Utilities
- Central Air
Listing and Financial Details
- Assessor Parcel Number 105-620-041-000
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
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$42,546
Avg. Annual Appreciation
-3.18%
Original Mortgage
$495,000
Outstanding Balance
$483,244
Interest Rate
6.35%
Mortgage Type
New Conventional
Estimated Equity
$134,210
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
17.02%
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
Similar Homes in Redding, CA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $660,000 | Fidelity National Title Compan | |
| Grant Deed | -- | Placer Title Company | |
| Grant Deed | $245,000 | Placer Title Company | |
| Grant Deed | $264,000 | Fidelity National Title Co | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $495,000 | New Conventional | |
| Previous Owner | $445,000 | Credit Line Revolving | |
| Previous Owner | $292,500 | Construction | |
| Previous Owner | $171,550 | New Conventional | |
| Previous Owner | $198,000 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 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 |
| 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
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
14 in this area
316 Total Sales
-
Taylor Carter
Buyer's Agent in 2023
Taylor Carter
Real Brokerage Technologies
(530) 526-4356
1 in this area
42 Total Sales
-
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.
-
C
Buyer's Agent in 2019
Colette Anders
REALTY EXECUTIVES
Map
Source: Shasta Association of REALTORS®
MLS Number: 23-1455
APN: 105-620-041-000
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