Seller's Agent in 2021
Nick Kerley
Realty 110, Inc.
(530) 242-4114
10 in this area
280 Total Sales
2320 Butte St Redding, CA 96001
Magnolia Neighborhood
2
Beds
1
Bath
894
Sq Ft
1900
Built
Highlights
- Evaporated cooling system
- Shasta High School Rated A
- 3-minute walk to Magnolia Park
About This Home
As of March 2021REDDING 4 PLEX 100% Occupied with a 8% CAP RATE - Features: a 3 Bedroom + 1 Bath Home with in-door laundry room that was Built in 2006, Plus another Large 2 Bedroom + 1 Bath Home with in-door laundry room, Plus a duplex with a 2+1 unit & a 1+1 unit. This 1/3 acre lot sits right in the heart of the City's Multimillion Dollar DownTown Revitalization Project. 3 of the 4 units have been updated with either newer roof, newer flooring, newer windows & HVAC systems. The 4th unit has a long term tenant in good standing, and when he moves the house will need some TLC. The future owner can take advantage of this Added Value opportunity. In return the Seller is willing to let this investment property go with an 8% CAP RATE, which is way above today's average return for similar properties. CALL TODAY
Last Agent to Sell the Property
Realty 110, Inc. License #01332465 Listed on: 08/21/2020
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1900
Parking
- Off-Street Parking
Utilities
- Evaporated cooling system
- Window Unit Cooling System
Listing and Financial Details
- Assessor Parcel Number 105-170-009-000
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/23/2021 03/23/21 | Sold | $435,000 | -5.2% | $487 / Sq Ft |
| 02/08/2021 02/08/21 | Pending | -- | -- | -- |
| 07/17/2020 07/17/20 | For Sale | $459,000 | -- | $513 / 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 | $4,917 | $470,855 | $86,593 | $384,262 |
| 2024 | $4,842 | $461,624 | $84,896 | $376,728 |
| 2023 | $4,842 | $452,574 | $83,232 | $369,342 |
| 2022 | $4,761 | $443,700 | $81,600 | $362,100 |
| 2021 | $3,421 | $311,686 | $65,617 | $246,069 |
| 2020 | $3,466 | $308,491 | $64,945 | $243,546 |
| 2019 | $3,292 | $302,443 | $63,672 | $238,771 |
| 2018 | $3,321 | $296,514 | $62,424 | $234,090 |
| 2017 | $3,285 | $290,700 | $61,200 | $229,500 |
| 2016 | $2,771 | $247,474 | $76,145 | $171,329 |
| 2015 | $2,597 | $231,000 | $50,000 | $181,000 |
| 2014 | $2,508 | $220,000 | $40,000 | $180,000 |
Source: Public Records
Agents Affiliated with this Home
-
Nick Kerley
Map
Source: Shasta Association of REALTORS®
MLS Number: 20-3450
APN: 105-170-09
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