NOT LISTED FOR SALE

2925 East Way Redding, CA 96002

Reservoir Neighborhood

Estimated Value: $646,000 - $1,073,853

2 Beds
1 Bath
-- Sq Ft
0.36 Acres

Last Sold July 07, 2021

Last sale price $999,000

Est. 22% decrease in value since last sale

Current estimated payment $4,585/month

71 Days on Market

About This Home

As of July 2021

Successful 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

Nick Kerley

Realty 110, Inc. License #01332465 Listed on: 06/16/2021

Last Buyer's Agent

Elizabeth Gowen

Vylla Home, Inc. License #01901160

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,751

Lot Details

  • 0.36

Parking

  • Off-Street Parking

Home Design

Utilities

  • Central Air

Listing and Financial Details

  • Assessor Parcel Number 067-330-054-000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,751

Lot Details

0

Listing Details

  • Directions: Take CA-44 E/Tehama St. Take exit 3 for Victor Ave. Turn right on onto Victor Ave. Turn left onto Hartnell Ave. Turn left onto East Way. Destination is on the right.
  • Prop. Type: Residential Income
  • Building Stories: 1
  • Subdivision Name: N/A
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Garage/Parking

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

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating:Forced Air: Yes

Lot Info

  • Parcel #: 067-330-054-000
  • Lot Dimensions: 15,576
  • Zoning Description: NOT AVAILABLE

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%
Current Estimated Value
$774,463

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$224,537
Avg. Annual Appreciation
-2.91%
Original Mortgage
$375,000
Outstanding Balance
$341,726
Interest Rate
2.9%
Mortgage Type
Credit Line Revolving
Estimated Equity
$539,793

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
Source: Public Records

Range of Values:

Collateral Analytics

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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
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

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 $5,751 $530,071 $84,896 $445,175
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

    306 Total Sales

    Nick Kerley
    Section Image

  • E

    Buyer's Agent in 2021

    Elizabeth Gowen

    Vylla Home, Inc.

    (530) 917-0141

    2 in this area

    17 Total Sales

    Elizabeth Gowen
    Section Image

  • L

    Buyer's Agent in 2021

    LIZ GOWEN

    SUMMIT REALTY GROUP

See All Agents

Map

Source: Shasta Association of REALTORS®

MLS Number: 21-1759

Shasta Association of REALTORS®

APN: 067-330-054-000

California Shasta County Redding 96002 Reservoir

2925 East Way, Redding, CA

This home is located at 2925 East Way, Redding, CA 96002 since 16 June 2021 and is currently estimated at $774,463. 2925 East Way is a home located in Shasta County with nearby schools including Shasta Meadows 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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