NOT LISTED FOR SALE

20471 Quebec St Burney, CA 96013

Estimated Value: $289,917 - $507,000

2 Beds
1 Bath
2,880 Sq Ft
$130/Sq Ft Est. Value

Last Sold November 04, 2021

Last sale price $674,000 $234 Per Sq Ft

Est. 45% decrease in value since last sale

Current estimated payment $2,252/month

212 Days on Market

About This Home

As of November 2021

Amazing opportunity for the capital improvement investor. 12 unit complex on 3 separate lots & APN #s (20471,20473, 20475 Quebec St.) Each lot has a 4 plex building. Two of the 4 plex buildings have 2 upstairs 2/1 units and 2 downstairs 2/1 units with 720 sqft. 8 total 2/1 units. 7 of the 8 are rented. The vacant unit has just been remodeled (new kitchen/bath/carpet/paint) awaiting a tenant. The last building (20475) has larger units. Consisting of two types of units. The two end units are 2/1.5 with 1050 sqft and the middle units are 3/1.5 with 1240 sqft. All of these units in 20475 have the kitchen and living area downstairs with bedrooms upstairs. The two units on the left side of 20475 (units #1 & #2) are vacant awaiting updating/remodeling continuation by an investor/buyer. Seller has made many improvements to the complex since buying it 5 years ago and difficulty removing a few long term below market tenants by PM has the owner wanting to sell. Property has tons of potential for increasing rents. Location is very close to the local elementary school and walking distance to store and community pool. Burney Falls State Park is just down the road. Blue ribbon fly fishing rivers (Pit, Hat and Fall) just east of town and Lassen Park is just beyond for to enjoy some the best nature recreation areas California has to offer.

Last Agent to Sell the Property

STEVEN MILLER

REDDING COMMERCIAL INVESTMENTS License #01025926 Listed on: 07/02/2021

Last Buyer's Agent

Susan Brooks

Shasta Living Real Estate License #01083858

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1984

Parking

  • Off-Street Parking

Home Design

  • Wood Siding

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 028-210-039-000

Property Details

Home Type

Multi-Family

Year Built

Built in 1984

Lot Details

0 Sq Ft Lot

Listing Details

  • Directions: Hwy 299 to Mountain House Rd. to Quebec Street
  • Prop. Type: Residential Income
  • Year Built: 1984
  • Existing Rntl Terms Written Lease: Yes
  • Heating Gas: Natural
  • Ownership: Seller
  • Subdivision Name: N/A
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Exterior Features

  • Construction Type: Wood Siding

Garage/Parking

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

Utilities

  • Heating:Forced Air: Yes

Lot Info

  • Parcel #: 028-210-039-000
  • Lot Dimensions: 9,148
  • Zoning Description: Conforming

Multi Family

  • Number Of Units Total: 4
  • Tenant Pays: Cable

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 2, 2021
Closed on
Oct 28, 2021
Sold by
Palermo Louis A and Palermo Melissa S
Bought by
Lee Jeff S and The Jeff Lee Revocable Trust
Seller's Agent
STEVEN MILLER
REDDING COMMERCIAL INVESTMENTS
Buyer's Agent
Susan Brooks
Shasta Living Real Estate
List Price
$780,000
Sold Price
$674,000
Premium/Discount to List
-$106,000
-13.59%
Current Estimated Value
$373,479

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$300,521
Avg. Annual Appreciation
-12.53%

Purchase Details

Listed on
Nov 20, 2014
Closed on
Aug 26, 2015
Sold by
Rassi Dennis W and Rassi Elena
Bought by
Palermo Louis A and Palermo Melissa S
Seller's Agent
Allison Cassity
Coldwell Banker Intermountain Realty
Buyer's Agent
Diana Bunney
REDDING COMMERCIAL INVESTMENTS
List Price
$675,000
Sold Price
$575,000
Premium/Discount to List
-$100,000
-14.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.60%
Original Mortgage
$101,500
Interest Rate
4.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 26, 2013
Sold by
Rassi Dennis W and Rassi Elena
Bought by
Rassi Dennis W and Rassi Elena

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,000
Interest Rate
3.54%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 4, 2012
Sold by
Rassi Dennis W and Rassi Elena F
Bought by
Rassi Dennis W and Rassi Elena

Purchase Details

Closed on
Dec 21, 2005
Sold by
Rassi Dennis W and Rassi Elena F
Bought by
Rassi Dennis W and Rassi Elena F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
9.15%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 26, 2004
Sold by
Milligan Danny and Milligan Michael
Bought by
Rassi Dennis W and Rassi Ellena F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$20,000
Interest Rate
5.1%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Apr 1, 2002
Sold by
Reece Ronald E and Crook Harold A
Bought by
Milligan Danny and Milligan Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$77,250
Interest Rate
7.13%

Purchase Details

Closed on
Jun 9, 2000
Sold by
Crook Harold A and Crook Terri L
Bought by
Crook Harold A and Crook Terri L
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
Lee Jeff S $674,000 Fidelity Natl Ttl Co Of Ca
Palermo Louis A $135,500 Fidelity Natl Title Co Of Ca
Rassi Dennis W -- First American Title Company
Rassi Dennis W -- First American Title Company
Rassi Dennis W -- None Available
Rassi Dennis W -- First American Title Company
Rassi Dennis W $440,000 First American Title Co
Milligan Danny $103,000 First American Title Co
Crook Harold A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Palermo Louis A $101,500
Previous Owner Rassi Dennis W $117,000
Previous Owner Rassi Dennis W $120,000
Previous Owner Rassi Dennis W $20,000
Previous Owner Milligan Danny $77,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/04/2021 11/04/21 Sold $674,000 -13.6% $234 / Sq Ft
09/16/2021 09/16/21 Pending -- -- --
02/16/2021 02/16/21 For Sale $780,000 +35.7% $271 / Sq Ft
08/28/2015 08/28/15 Sold $575,000 -14.8% $200 / Sq Ft View Prior Sale
05/05/2015 05/05/15 Pending -- -- --
05/15/2014 05/15/14 For Sale $675,000 -- $234 / Sq Ft
Source: Shasta Association of REALTORS®

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 $3,074 $290,770 $26,530 $264,240
2024 $3,033 $285,069 $26,010 $259,059
2023 $3,033 $279,480 $25,500 $253,980
2022 $2,945 $274,000 $25,000 $249,000
2021 $1,647 $153,655 $21,872 $131,783
2020 $1,642 $152,080 $21,648 $130,432
2019 $1,577 $149,099 $21,224 $127,875
2018 $1,641 $146,176 $20,808 $125,368
2017 $1,557 $143,310 $20,400 $122,910
2016 $1,511 $140,500 $20,000 $120,500
2015 $1,364 $127,570 $34,790 $92,780
2014 $1,349 $125,072 $34,109 $90,963
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2021

    STEVEN MILLER

    REDDING COMMERCIAL INVESTMENTS

  • S

    Buyer's Agent in 2021

    Susan Brooks

    Shasta Living Real Estate

    (530) 351-4364

    1 in this area

    9 Total Sales

    Susan Brooks
    Section Image
  • Allison Cassity

    Seller's Agent in 2015

    Allison Cassity

    Coldwell Banker Intermountain Realty

    (530) 355-7306

    72 in this area

    191 Total Sales

    Allison Cassity
    Section Image

  • D

    Buyer's Agent in 2015

    Diana Bunney

    REDDING COMMERCIAL INVESTMENTS

    Section Image
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Map

Source: Shasta Association of REALTORS®

MLS Number: 21-663

Shasta Association of REALTORS®

APN: 028-210-039-000

California Shasta County Burney 96013

20471 Quebec St, Burney, CA

Not Listed for Sale

MultiFamily

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