NOT LISTED FOR SALE

2962 Lanning Ave Redding, CA 96001

Parkview Neighborhood
3 Beds
1 Bath
1,362 Sq Ft
1943 Built

Last Sold August 29, 2024

Last sale price $485,000 $356 Per Sq Ft

99 Days on Market

About This Home

As of August 2024

TURN-KEY with an incredible investment return of 8% CAP Rate & over $49,000 in gross annual income.! Exceptional property offering 3 INCOME STREAMS with little to no maintenance and VERY LOW landlord expenses! This unique TRI-PLEX includes a spacious single-family home and a freshly RENOVATED Duplex, perfect for extended family or CASH FLOW. The single-family home has a open floor plan, featuring 3 generously sized bedrooms, a spacious bathroom, indoor laundry, private backyard & garage, PLUS a newer roof & HVAC. The duplex, meticulously redesigned from the studs, offers brand-new interiors and exteriors, complete with new Kitchens, New Bathrooms, New Floors, New Appliances, NEW AC units & a NEW roof. Don't miss this rare opportunity!

Last Agent to Sell the Property

Nick Kerley

Realty 110, Inc. License #01332465 Listed on: 05/21/2024

Co-Listed By

Kimberly Moore

Realty 110, Inc. License #02059831

Last Buyer's Agent

Estephanie Feeney

Shasta Sotheby's International Realty License #02198861

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1943

Parking

  • Off-Street Parking

Listing and Financial Details

  • Assessor Parcel Number 104-230-028-000

Property Details

Home Type

Multi-Family

Year Built

Built in 1943

Lot Details

0

Listing Details

  • Directions: Parkview to Lanning
  • Prop. Type: Residential Income
  • Year Built: 1943
  • Existing Rntl Terms Written Lease: Yes
  • Co List Office Mls Id: sha.2109
  • Co List Office Phone: 530-242-4114
  • Ownership: Seller
  • Subdivision Name: N/A
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Garage/Parking

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

Lot Info

  • Parcel #: 104-230-028-000
  • Lot Dimensions: 10,454
  • Zoning Description: NOT AVAILABLE

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/29/2024 08/29/24 Sold $485,000 -2.0% $356 / Sq Ft
07/17/2024 07/17/24 Price Changed $495,000 -0.8% $363 / Sq Ft
05/21/2024 05/21/24 For Sale $499,000 +90.1% $366 / Sq Ft
09/29/2023 09/29/23 Sold $262,500 -21.1% $193 / Sq Ft View Prior Sale
08/18/2023 08/18/23 Pending -- -- --
07/21/2023 07/21/23 For Sale $332,500 +100.9% $244 / Sq Ft
09/25/2020 09/25/20 Sold $165,500 -26.4% $122 / Sq Ft View Prior Sale
03/10/2019 03/10/19 Pending -- -- --
06/22/2018 06/22/18 For Sale $225,000 -- $165 / 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 $2,799 $485,000 $80,000 $405,000
2024 $1,875 $262,500 $60,000 $202,500
2023 $1,875 $173,226 $52,020 $121,206
2022 $1,844 $169,830 $51,000 $118,830
2021 $1,834 $166,500 $50,000 $116,500
2020 $2,445 $218,484 $52,020 $166,464
2019 $2,322 $214,200 $51,000 $163,200
2018 $2,778 $249,900 $49,974 $199,926
2017 $2,763 $245,001 $48,995 $196,006
2016 $2,676 $240,198 $48,035 $192,163
2015 $2,642 $236,591 $47,314 $189,277
2014 $2,625 $231,958 $46,388 $185,570
Source: Public Records

Agents Affiliated with this Home

  • Nick Kerley

    Seller's Agent in 2024

    Nick Kerley

    Realty 110, Inc.

    (530) 242-4114

    4 in this area

    288 Total Sales

    Nick Kerley
    Section Image

  • K

    Seller Co-Listing Agent in 2024

    Kimberly Moore

    Realty 110, Inc.

    (530) 355-2538

    3 in this area

    200 Total Sales

    Kimberly Moore
    Section Image

  • E

    Buyer's Agent in 2024

    Estephanie Feeney

    Shasta Sotheby's International Realty

    (530) 604-3951

    3 in this area

    15 Total Sales

    Estephanie Feeney
    Section Image
  • Douglas Juenke

    Seller's Agent in 2023

    Douglas Juenke

    eXp Realty of California, Inc.

    (530) 515-9445

    2 in this area

    51 Total Sales

    Douglas Juenke
    Section Image
  • Michael Rossiter

    Seller's Agent in 2020

    Michael Rossiter

    Coldwell Banker Select Real Estate - Redding

    (530) 945-5611

    78 Total Sales

    Michael Rossiter
    Section Image
See All Agents

Map

Source: Shasta Association of REALTORS®

MLS Number: 24-2229

Shasta Association of REALTORS®

APN: 104-230-28

California Shasta County Redding 96001 Parkview

2962 Lanning Ave, Redding, CA

Not Listed for Sale

MultiFamily

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