2925 East Way Redding, CA 96002
Reservoir NeighborhoodEstimated Value: $642,000 - $1,054,454
2
Beds
1
Bath
--
Sq Ft
0.36
Acres
About This Home
As of July 2021Successful Apartment Complex in a Nice Location of East Redding with quick access to stores, schools, transportation, parks & more! Consisting of 8 single story units, each features 2 bedrooms + 1 bathroom, interior laundry, open floor plan, central AC & Heating, carport with storage locker and private backyard. Currently producing over $78,000 in gross annual income! 6 of the 8 HVAC units are newer, all the bathrooms in each unit have newer tile floors, and all the units have updated cabinets or countertops or appliances. The Savvy Investor will easily see the incredible amount of potential in this property to increase income, minimize maintenance and take advantage of attractive financing options. Please Do Not Disturb the Tenants. CALL FOR MORE INFO!
Last Agent to Sell the Property
Realty 110, Inc. License #01332465 Listed on: 06/16/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,672
Year Built
- 1964
Lot Details
- 0.36
Parking
- Off-Street Parking
Home Design
Utilities
- Central Air
Listing and Financial Details
- Assessor Parcel Number 067-330-054-000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 16, 2021
Closed on
Jul 2, 2021
Sold by
Jennings Jack E
Bought by
Renlor Inc
Seller's Agent
Nick Kerley
Realty 110, Inc.
Buyer's Agent
Elizabeth Gowen
Vylla Home, Inc.
List Price
$999,995
Sold Price
$999,000
Premium/Discount to List
-$995
-0.1%
Total Days on Market
71
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$151,386
Avg. Annual Appreciation
-3.09%
Original Mortgage
$375,000
Outstanding Balance
$343,921
Interest Rate
2.9%
Mortgage Type
Credit Line Revolving
Estimated Equity
$539,529
Purchase Details
Closed on
Mar 12, 2007
Sold by
Mcfarland Cheryl A and Mcfarland Jennings Cheryl A
Bought by
Jennings Jack E
Purchase Details
Closed on
Jun 3, 2004
Sold by
Jennings Jack E
Bought by
Jennings Jack E and Mcfarland Jennings Cheryl A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
6.29%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Similar Homes in Redding, CA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Renlor Inc | $999,000 | Placer Title Company | |
| Jennings Jack E | -- | None Available | |
| Jennings Jack E | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Renlor Inc | $375,000 | |
| Previous Owner | Jennings Jack E | $75,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/07/2021 07/07/21 | Sold | $999,000 | -0.1% | -- |
| 07/01/2021 07/01/21 | Pending | -- | -- | -- |
| 04/21/2021 04/21/21 | For Sale | $999,995 | -- | -- |
Source: Shasta Association of REALTORS®
Tax History Compared to Growth
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 | $5,672 | $519,679 | $83,232 | $436,447 |
| 2023 | $5,672 | $509,490 | $81,600 | $427,890 |
| 2022 | $5,513 | $499,500 | $80,000 | $419,500 |
| 2021 | $2,564 | $232,732 | $50,492 | $182,240 |
| 2020 | $2,553 | $230,347 | $49,975 | $180,372 |
| 2019 | $2,532 | $225,832 | $48,996 | $176,836 |
| 2018 | $2,504 | $221,405 | $48,036 | $173,369 |
| 2017 | $2,548 | $217,065 | $47,095 | $169,970 |
| 2016 | $2,424 | $212,810 | $46,172 | $166,638 |
| 2015 | $2,405 | $209,614 | $45,479 | $164,135 |
| 2014 | $2,389 | $205,509 | $44,589 | $160,920 |
Source: Public Records
Agents Affiliated with this Home
-
Nick Kerley
Seller's Agent in 2021
Nick Kerley
Realty 110, Inc.
(530) 242-4114
8 in this area
320 Total Sales
-
Elizabeth Gowen
E
Buyer's Agent in 2021
Elizabeth Gowen
Vylla Home, Inc.
(530) 917-0141
2 in this area
18 Total Sales
-
L
Buyer's Agent in 2021
LIZ GOWEN
SUMMIT REALTY GROUP
Map
Source: Shasta Association of REALTORS®
MLS Number: 21-1759
APN: 067-330-054-000
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