NOT LISTED FOR SALE

2429 Placer St Redding, CA 96001

Magnolia Neighborhood

Estimated Value: $454,000 - $497,000

5 Beds
3 Baths
2,080 Sq Ft
$226/Sq Ft Est. Value

Last Sold March 15, 2022

Last sale price $468,000 $225 Per Sq Ft

Current estimated payment $2,885/month

14 Days on Market

Highlights

  • Contemporary Architecture
  • Park or Greenbelt View
  • In-Law or Guest Suite
  • Shasta High School Rated A
  • No HOA
  • 2-minute walk to Benton Dog Park

About This Home

As of March 2022

3 units in one home just fully renovated! Over 50,000 in updates and renovation inside and outside! Perfect for Investors, Airbnb or those looking for home with In-law units!! Rental potential $4500+. Large 4/2 on the main level, and a spacious studio with full living and kitchen area directly below and there is also an additional detached cottage with bathroom and a spacious yard, all with separate entrances and keyless lock entry. 3 New Mini splits with remotes for heating and air. New landscape front and back, new sod and new rock, has a sprinkler system. All new paint inside and outside of the house and cottage.
Downstairs has been completely gutted out and remodeled with new kitchen cabinets & countertops, shelving, waterproof vinyl flooring, bathroom cabinet,
& heating/air with r with remote. Upstairs main kitchen remodeled with new countertops. All original natural woods floors completely refurbished and sealed with Bona traffic, will last many years. Brand-new fans in each room and living room with new remotes to each fan. Keyless locks on all units and keyed security screen for front main entrance. There is also a garage area as well. Seller averaged about $4500 a month before remodel when all 3 units were rented out and can expect more now that there is a remodel.

Last Agent to Sell the Property

Natacha Chaney

eXp Realty of California, Inc. License #01976523 Listed on: 01/05/2022

eXp Realty of California, Inc.

Last Buyer's Agent

Natacha Chaney

eXp Realty of California, Inc. License #01976523 Listed on: 01/05/2022

eXp Realty of California, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1947

Lot Details

  • Property is Fully Fenced

Home Design

  • Contemporary Architecture
  • Property Attached
  • Raised Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 2,080 Sq Ft Home
  • 3-Story Property
  • Park or Greenbelt Views

Kitchen

  • Built-In Microwave
  • Tile Countertops

Bedrooms and Bathrooms

  • 5 Bedrooms
  • In-Law or Guest Suite
  • 3 Full Bathrooms

Utilities

  • Mini Split Air Conditioners
  • Window Unit Cooling System
  • Wall Furnace

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 105-470-004-000

Property Details

Home Type

Multi-Family

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Bonds HOA: None
  • Directions: Placer west to 2429 on the left, look for sign.
  • Kitchen Microwave: Built-in
  • Misc Amenities Laundry: In Garage
  • Prop. Type: Residential
  • Year Built: 1947
  • Road Surface Type: Asphalt
  • Architectural Style: Contemporary
  • Reso Interior Features: In-Law Floorplan
  • Unit Levels: Three Or More
  • Property Attached Yn: Yes
  • Year Built Details: 30+
  • Misc Amenities Fenced2: Full
  • Water:Public: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Kitchen Countertops: Tile
  • Full Bathrooms: 3
  • Total Bedrooms: 5

Exterior Features

  • Roof: Composition
  • View: Greenbelt-Open Space
  • Construction Type: Stucco
  • Foundation Details: Raised

Garage/Parking

  • Parking Features: On Street
  • Parking:On Street: Yes

Utilities

  • Electric: Public
  • Sewer: Public Sewer
  • Cooling: Mini-Split, Window Unit(s)
  • Heating: Furnace Wall, Other
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel #: 105-470-004-000
  • Lot Dimensions: 6,534

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 5, 2022
Closed on
Mar 11, 2022
Sold by
Rivas Sarah
Bought by
Rivas Jorge
Seller's Agent
Natacha Chaney
eXp Realty of California, Inc.
Buyer's Agent
Natacha Chaney
eXp Realty of California, Inc.
List Price
$48,000
Sold Price
$468,000
Premium/Discount to List
$420,000
875%
Current Estimated Value
$469,355

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,355
Avg. Annual Appreciation
0.08%
Original Mortgage
$374,400
Outstanding Balance
$359,878
Interest Rate
3.92%
Mortgage Type
New Conventional
Estimated Equity
$109,477

Purchase Details

Listed on
Jan 5, 2022
Closed on
Mar 3, 2022
Sold by
Cummings Terry
Bought by
Rivas Jorge
Seller's Agent
Natacha Chaney
eXp Realty of California, Inc.
Buyer's Agent
Natacha Chaney
eXp Realty of California, Inc.
List Price
$48,000
Sold Price
$468,000
Premium/Discount to List
$420,000
875%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$374,400
Outstanding Balance
$359,878
Interest Rate
3.92%
Mortgage Type
New Conventional
Estimated Equity
$109,477

Purchase Details

Listed on
Jan 19, 2017
Closed on
Apr 25, 2017
Sold by
Kirby Christopher S
Bought by
Cummings Terry
Seller's Agent
KYLIE DAGG-COVINGTON
TREG INC - The Real Estate Group
Buyer's Agent
NATACHA CHANEY
Aspire Real Estate
List Price
$225,000
Sold Price
$225,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.23%
Original Mortgage
$218,250
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 14, 2008
Sold by
Kirby Christopher S and Norder James
Bought by
Kirby Christopher S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$231,000
Interest Rate
6.11%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 25, 2006
Sold by
Kirby Christopher S
Bought by
Kirby Christopher S and Norder James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$44,200
Interest Rate
6.25%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Mar 28, 2006
Sold by
Kerston Peter and Kerston Caroline
Bought by
Kirby Christopher S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$44,200
Interest Rate
6.25%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jun 1, 2004
Sold by
Watson Larry Dennis and Orwin Christopher Morgan
Bought by
Kerston Peter and Kerston Caroline

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$179,775
Interest Rate
6.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 28, 1997
Sold by
Roberts Genev V and Roberts Roderic J
Bought by
Orwig Christopher Morgan
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
Rivas Jorge -- Fidelity National Title
Rivas Jorge $468,000 Fidelity National Title
Cummings Terry $225,000 Placer Title Company
Kirby Christopher S -- United Title Company
Kirby Christopher S -- Chicago Title Co
Kirby Christopher S $220,900 Chicago Title Co
Kerston Peter $200,000 Fidelity National Title Co
Orwig Christopher Morgan -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rivas Jorge $374,400
Closed Rivas Jorge $374,400
Previous Owner Cummings Terry $218,250
Previous Owner Kirby Christopher S $231,000
Previous Owner Kirby Christopher S $44,200
Previous Owner Kirby Christopher S $176,700
Previous Owner Kerston Peter $179,775
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/15/2022 03/15/22 Sold $468,000 +875.0% $225 / Sq Ft
01/18/2022 01/18/22 Pending -- -- --
01/04/2022 01/04/22 For Sale $48,000 -78.7% $23 / Sq Ft
05/02/2017 05/02/17 Sold $225,000 0.0% $118 / Sq Ft View Prior Sale
02/09/2017 02/09/17 Pending -- -- --
01/19/2017 01/19/17 For Sale $225,000 -- $118 / 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 $5,169 $496,644 $42,448 $454,196
2024 $5,089 $486,907 $41,616 $445,291
2023 $5,089 $477,360 $40,800 $436,560
2022 $2,669 $246,067 $38,276 $207,791
2021 $2,612 $241,243 $37,526 $203,717
2020 $2,647 $238,771 $37,142 $201,629
2019 $2,512 $234,090 $36,414 $197,676
2018 $2,535 $229,500 $35,700 $193,800
2017 $2,491 $229,200 $35,000 $194,200
2016 $1,867 $175,000 $35,000 $140,000
2015 $1,817 $170,000 $35,000 $135,000
2014 $1,851 $171,000 $35,000 $136,000
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2022

    Natacha Chaney

    eXp Realty of California, Inc.

    (530) 917-2665

    1 in this area

    12 Total Sales

    Natacha Chaney
    Section Image

  • K

    Seller's Agent in 2017

    KYLIE DAGG-COVINGTON

    TREG INC - The Real Estate Group

See All Agents

Map

Source: Shasta Association of REALTORS®

MLS Number: 22-23

Shasta Association of REALTORS®

APN: 105-470-004-000

California Shasta County Redding 96001 Magnolia

2429 Placer St, Redding, CA

Not Listed for Sale

MultiFamily

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