NOT LISTED FOR SALE

2520 Reservoir Ln Redding, CA 96002

Reservoir Neighborhood

Estimated Value: $96,000 - $171,000

1 Bed
1 Bath
852 Sq Ft
$168/Sq Ft Est. Value

Last Sold November 04, 2022

Last sale price $70,000 $82 Per Sq Ft

Est. 105% increase in value since last sale

Current estimated payment $893/month

10 Days on Market

Highlights

  • City View
  • Traditional Architecture
  • Cooling Available
  • Enterprise High School Rated A-
  • No HOA
  • Wood Siding

About This Home

As of November 2022

Very rare opportunity to buy a house in the city of Redding for under 100k, let alone under 80k. A lot of potential on this major Fixer Upper in Redding. This is a single family home and zoning is both multi family and general office, great value add opportunity!! It is surrounded by single family, multiple units and one office that is on Cypress. This is for serious CASH BUYERS only. Don't wait because this property owner is only listing for a short time while they wait for their renovation crew to finish another project & be ready to work on this. Take advantage of this opportunity now, while it's on the market.

Last Listed By

Bobby Brown

Move Realty License #01894178 Listed on: 10/10/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,173

Year Built

  • Built in 1940

Lot Details

  • 7,405

Parking

  • Off-Street Parking

Home Design

  • Traditional Architecture
  • Property Attached
  • Raised Foundation
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 852 Sq Ft Home
  • 2-Story Property
  • City Views

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Utilities

  • Cooling Available
  • Heating Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 067-210-021-000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,173

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Bonds HOA: None
  • Directions: Cypress to Reservoir rd.
  • Prop. Type: Residential
  • Year Built: 1940
  • Road Surface Type: Asphalt
  • Architectural Style: Traditional
  • Unit Levels: Two
  • Property Attached Yn: Yes
  • Year Built Details: 30+
  • Water:Public: Yes
  • Special Features: RealEstateOwned
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Full Bathrooms: 1
  • Total Bedrooms: 1

Exterior Features

  • Roof: Composition
  • View: City, None
  • Construction Type: Wood Siding
  • Foundation Details: Raised

Garage/Parking

  • Parking Features: Off Street
  • ParkingOffStreet: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Other
  • Heating: Other
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel #: 067-210-021-000
  • Lot Dimensions: 7,526

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 10, 2022
Closed on
Nov 2, 2022
Sold by
Equity Moves
Bought by
Slimane Meksem and Hamidi Sonia
Seller's Agent
Bobby Brown
Move Realty
Buyer's Agent
Aaron Odle
Power West Properties, Inc.
List Price
$78,000
Sold Price
$70,000
Premium/Discount to List
-$8,000
-10.26%
Total Days on Market
10
Current Estimated Value
$143,355

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$73,355
Avg. Annual Appreciation
31.64%
Original Mortgage
$60,000
Outstanding Balance
$57,912
Interest Rate
5.55%
Mortgage Type
New Conventional
Estimated Equity
$82,422

Purchase Details

Listed on
Oct 10, 2022
Closed on
Oct 4, 2022
Sold by
Burton Jeffrey L
Bought by
Equity Movers
Seller's Agent
Bobby Brown
Move Realty
Buyer's Agent
Aaron Odle
Power West Properties, Inc.
List Price
$78,000
Sold Price
$70,000
Premium/Discount to List
-$8,000
-10.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Outstanding Balance
$57,912
Interest Rate
5.55%
Mortgage Type
New Conventional
Estimated Equity
$82,422

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
Slimane Meksem $70,000 Fidelity National Title
Equity Movers $50,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Equity Movers $60,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/04/2022 11/04/22 Sold $70,000 -10.3% $82 / Sq Ft
10/20/2022 10/20/22 Pending -- -- --
10/10/2022 10/10/22 For Sale $78,000 +56.0% $92 / Sq Ft
10/07/2022 10/07/22 Sold $50,000 -37.5% $59 / Sq Ft
09/14/2022 09/14/22 Pending -- -- --
09/13/2022 09/13/22 For Sale $80,000 0.0% $94 / Sq Ft
08/30/2022 08/30/22 Pending -- -- --
08/25/2022 08/25/22 For Sale $80,000 0.0% $94 / Sq Ft
08/20/2022 08/20/22 Pending -- -- --
08/04/2022 08/04/22 For Sale $80,000 -- $94 / 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 $1,173 $71,400 $40,800 $30,600
2023 $1,173 $110,000 $45,000 $65,000
2022 $227 $24,275 $10,300 $13,975
2021 $217 $23,800 $10,099 $13,701
2020 $215 $23,557 $9,996 $13,561
2019 $212 $23,096 $9,800 $13,296
2018 $207 $22,644 $9,608 $13,036
2017 $208 $22,201 $9,420 $12,781
2016 $195 $21,767 $9,236 $12,531
2015 $192 $21,441 $9,098 $12,343
2014 $189 $21,022 $8,920 $12,102
Source: Public Records

Agents Affiliated with this Home

  • Bobby Brown

    Seller's Agent in 2022

    Bobby Brown

    Move Realty

    (530) 279-4902

    2 in this area

    40 Total Sales

    Bobby Brown
    Section Image
  • Nate Molter

    Seller's Agent in 2022

    Nate Molter

    eXp Realty of California, Inc.

    (530) 221-7478

    7 in this area

    336 Total Sales

    Nate Molter
    Section Image

  • A

    Buyer's Agent in 2022

    Aaron Odle

    Power West Properties, Inc.

See All Agents

Map

Source: Shasta Association of REALTORS®

MLS Number: 22-4975

Shasta Association of REALTORS®

APN: 067-210-021-000

California Shasta County Redding 96002 Reservoir

2520 Reservoir Ln, Redding, CA

Homes for Sale in Redding, CA

This home is located at 2520 Reservoir Ln, Redding, CA 96002 since 10 October 2022 and is currently estimated at $143,355, approximately $168 per square foot. This property was built in 1940. 2520 Reservoir Ln is a home located in Shasta County with nearby schools including Rother Elementary School, Parsons Junior High School, and Enterprise High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Shasta Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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