NOT LISTED FOR SALE

Estimated Value: $360,494 - $500,000

4 Beds
2 Baths
1,364 Sq Ft
$330/Sq Ft Est. Value

Last Sold January 24, 2020

Last sale price $459,900 $337 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $2,897/month

4 Days on Market

Highlights

  • Central Air
  • Shasta High School Rated A
  • 4-minute walk to Magnolia Park

About This Home

As of January 2020

Great central Redding income producing 4 unit complex with $54,600 of scheduled income. This property is fully fenced with a gated entrance, pool, ample parking, large storage units, coin operated laundry room, central HVAC, common area with small yard and so much more. A rare find!

Last Listed By

Cory Meyer

eXp Realty of Northern California, Inc. License #01715789 Listed on: 10/28/2019

eXp Realty of Northern California, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,493

Year Built

  • Built in 1951

Lot Details

  • 0.26

Parking

  • Carport
  • Off-Street Parking

Utilities

  • Central Air

Listing and Financial Details

  • Assessor Parcel Number 105-490-013-000, 012

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,493

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Directions: CA-44 W, Continue straight onto Shasta St, Left onto Court St, Right onto Placer St, Left onto Willis St, Right onto Sacramento St.
  • Prop. Type: Residential Income
  • Year Built: 1951
  • Building Stories: 1
  • Co List Office Mls Id: sha.1034
  • Co List Office Phone: 530-410-6011
  • Ownership: Seller
  • Subdivision Name: N/A
  • Carport Y N: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Garage/Parking

  • Parking Features: Guest, Off Street
  • ParkingOffStreet: Yes
  • Parking:Guest: Yes
  • Parking:Carport: Yes

Utilities

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

Lot Info

  • Parcel #: 105-490-013-000, 012
  • Lot Dimensions: 11,326
  • Zoning Description: NOT AVAILABLE

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 28, 2019
Closed on
Jan 22, 2020
Sold by
Verchiani Michael J and Thurston Diane M
Bought by
Sabet Farzad and Sabet Del Rosario
Seller's Agent
Cory Meyer
eXp Realty of Northern California, Inc.
Buyer's Agent
Kevin Rhoderick
eXp Realty of California, Inc.
List Price
$499,900
Sold Price
$459,900
Premium/Discount to List
-$40,000
-8%
Total Days on Market
4
Current Estimated Value
$450,624

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$9,276
Avg. Annual Appreciation
-0.35%
Original Mortgage
$10,000
Outstanding Balance
$8,968
Interest Rate
3.73%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$442,368

Purchase Details

Listed on
Feb 3, 2014
Closed on
Aug 8, 2014
Sold by
Richard Reva
Bought by
Verchiani Michael J and Thurston Diane M
Seller's Agent
Mark Chitwood
Century 21 Hilltop
Buyer's Agent
Todd Janes
Josh Barker Real Estate
List Price
$349,000
Sold Price
$300,000
Premium/Discount to List
-$49,000
-14.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.15%
Original Mortgage
$225,000
Interest Rate
4.11%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 3, 2014
Closed on
Jun 27, 2014
Sold by
Richard Reva and Richard Clebert
Bought by
Richard Reva
Seller's Agent
Mark Chitwood
Century 21 Hilltop
Buyer's Agent
Todd Janes
Josh Barker Real Estate
List Price
$349,000
Sold Price
$300,000
Premium/Discount to List
-$49,000
-14.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
4.11%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 11, 2004
Sold by
Richard Clebert and Richard Reva M
Bought by
Richard Clebert and Richard Reva Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,000
Interest Rate
6.27%
Mortgage Type
Unknown

Range of Values:

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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
Sabet Farzad $460,000 Placer Title Co
Verchiani Michael J $300,000 Placer Title Company
Richard Reva -- None Available
Richard Clebert -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sabet Farzad $10,000
Previous Owner Verchiani Michael J $225,000
Previous Owner Richard Clebert $124,000
Previous Owner Richard Clebert $111,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/24/2020 01/24/20 Sold $459,900 -8.0% $337 / Sq Ft
11/01/2019 11/01/19 Pending -- -- --
10/28/2019 10/28/19 For Sale $499,900 +66.6% $366 / Sq Ft
08/13/2014 08/13/14 Sold $300,000 -14.0% $220 / Sq Ft
05/29/2014 05/29/14 Pending -- -- --
02/03/2014 02/03/14 For Sale $349,000 -- $256 / 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
2024 $4,493 $428,769 $64,330 $364,439
2023 $4,493 $420,363 $63,069 $357,294
2022 $4,417 $412,122 $61,833 $350,289
2021 $4,395 $404,042 $60,621 $343,421
2020 $3,081 $274,732 $54,945 $219,787
2019 $2,906 $269,346 $53,868 $215,478
2018 $2,932 $264,065 $52,812 $211,253
2017 $2,917 $258,888 $51,777 $207,111
2016 $2,825 $253,812 $50,762 $203,050
2015 $2,789 $250,000 $50,000 $200,000
2014 -- $59,945 $8,967 $50,978
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Shasta Association of REALTORS®

MLS Number: 19-5706

Shasta Association of REALTORS®

APN: 105-490-013-000