NOT LISTED FOR SALE

2727 Lanning Ave Redding, CA 96001

Parkview Neighborhood

Estimated Value: $1,249,000

3 Beds
3 Baths
-- Sq Ft
11,326 Sq Ft

Last Sold July 23, 2018

Last sale price $1,995,000

Est. 37% decrease in value since last sale

Current estimated payment $7,315/month

97 Days on Market

About This Home

As of July 2018

34 Well maintained Units, fully occupied, low vacancy. Stucco Construction with Newer Roofs, Well Kept Grounds, OnSite Coin-Op Laundry. Updated interiors: New Paint, Tile or Laminate Flooring & Nice Appliances. Rarely in our market, do we see a property with such an attractive ROI that’s also in this good condition. Limited time Opportunity, Take Advantage!!! Gross Income $261,000+ at 9.35% CAP!

Last Agent to Sell the Property

Nick Kerley

DROZ CORPORATION Listed on: 03/27/2018

Last Buyer's Agent

NON MEMBER

Big Valley Properties

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1995

Lot Details

  • 0.26

Parking

  • Off-Street Parking

Listing and Financial Details

  • Assessor Parcel Number 104-250-036-000

Property Details

Home Type

Multi-Family

Year Built

Built in 1995

Lot Details

0.26 Acres

Listing Details

  • Directions: Take Highway 44 to Park Marina. Take a left onto Parkview. Make a left onto Lanning Ave. Property is on the left
  • Prop. Type: Residential Income
  • Year Built: 1995
  • Subdivision Name: N/A
  • Special Features: RealEstateOwned
  • Property Sub Type: MultiFamily
  • Stories: 1

Garage/Parking

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

Lot Info

  • Parcel #: 104-250-036-000
  • Lot Dimensions: 11,137
  • Zoning Description: NOT AVAILABLE

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 11, 2023
Sold by
5716 42Nd Street Llc
Bought by
Sekhon Properties Llc
Current Estimated Value
$1,249,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,735,000
Outstanding Balance
$1,697,787
Interest Rate
6.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 15, 2007
Sold by
Woodcock Paul A
Bought by
Modesto Seventh Street Llc

Purchase Details

Closed on
Mar 29, 2006
Sold by
Integrity Real Estate Enterprises Llc
Bought by
Woodcock Paul A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,120,000
Interest Rate
6.2%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 15, 2006
Sold by
Integrity Real Estate Enterprises Llc
Bought by
Lspi Exchange Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,120,000
Interest Rate
6.2%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 11, 2005
Sold by
Leppard David A and Erickson Micah A
Bought by
Integrity Real Estate Enterprises Llc

Purchase Details

Closed on
Apr 15, 2005
Sold by
Leppard David A
Bought by
Integrity Real Estate Enterprises Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$850,000
Interest Rate
5.84%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 7, 2001
Sold by
Knighten Gerald L and Knighten Robin D
Bought by
Leppard David A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,922
Interest Rate
6.73%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Oct 26, 2001
Sold by
Leppard Nancy J
Bought by
Leppard David A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,922
Interest Rate
6.73%
Mortgage Type
Seller Take Back
Source: Public Records
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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
Sekhon Properties Llc $3,325,000 Chicago Title Company
Modesto Seventh Street Llc -- None Available
Woodcock Paul A $1,725,000 First American Title Co
Lspi Exchange Corp -- First American Title Co
Integrity Real Estate Enterprises Llc -- Placer Title Company
Leppard David A -- Placer Title Company
Erickson Micah A -- Placer Title Company
Leppard David A -- Placer Title Co
Leppard David A -- Placer Title Company
Integrity Real Estate Enterprises Llc -- Placer Title Company
Leppard David A -- Placer Title Company
Leppard David A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sekhon Properties Llc $1,735,000
Previous Owner Woodcock Paul A $1,120,000
Previous Owner Lspi Exchange Corp $115,000
Previous Owner Integrity Real Estate Enterprises Llc $850,000
Previous Owner Leppard David A $126,922
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/23/2018 07/23/18 Sold $1,995,000 0.0% --
04/03/2018 04/03/18 Pending -- -- --
12/27/2017 12/27/17 For Sale $1,995,000 -- --
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 $10,805 $1,042,308 $76,500 $965,808
2024 $7,064 $1,022,154 $75,000 $947,154
2023 $7,064 $660,473 $160,829 $499,644
2022 $6,898 $642,865 $157,676 $485,189
2021 $6,827 $626,622 $154,585 $472,037
2020 $5,041 $448,570 $140,000 $308,570
2019 $4,682 $429,600 $135,000 $294,600
2018 $4,324 $384,500 $85,000 $299,500
2017 $4,026 $352,100 $80,000 $272,100
2016 $3,266 $287,100 $65,000 $222,100
2015 $3,164 $290,000 $60,000 $230,000
2014 $3,235 $280,000 $60,000 $220,000
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2018

    Nick Kerley

    DROZ CORPORATION

  • N

    Buyer's Agent in 2018

    NON MEMBER

    Big Valley Properties

See All Agents

Map

Source: Shasta Association of REALTORS®

MLS Number: 17-6323

Shasta Association of REALTORS®

APN: 104-250-036-000

California Shasta County Redding 96001 Parkview

2727 Lanning Ave, Redding, CA

Not Listed for Sale

MultiFamily

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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