NOT LISTED FOR SALE

3689 Eureka Way Redding, CA 96001

Manzanita Neighborhood

Estimated Value: $1,516,744

-- Bed
-- Bath
3,420 Sq Ft
$443/Sq Ft Est. Value

Last Sold December 03, 2021

Last sale price $1,450,000 $424 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $9,263/month

49 Days on Market

About This Home

As of December 2021

Successful free-standing medical office building with current tenant, Prestige Urgent Care LLC, operating from the location since 2014. Current absolute net lease in place until 2032 with three, 5-year options to extend for reliable income and zero landlord maintenance.

The subject property contains a large waiting room, multi-station reception, billing work area, nurses station, triage, lab, X-ray room, seven exam rooms, procedure room, break room, two individual restrooms, and storage.

Last Agent to Sell the Property

Jessica Whitlow

Haedrich & Co., Inc. Listed on: 09/20/2021

Last Buyer's Agent

Nicole Godman

Relevant Real Estate License #01999218

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1992

Lot Details

  • 5,663 Sq Ft Lot

Parking

  • Off-Street Parking

Listing and Financial Details

  • Assessor Parcel Number 104-730-028

Property Details

Home Type

Multi-Family

Year Built

Built in 1992

Lot Details

0

Listing Details

  • Directions: Conveniently located on the hard corner of the Sunset Plaza Retail Center which is anchored by Grocery Outlet.
  • Prop. Type: Investment
  • Year Built: 1992
  • Lot Size Acres: 0.13
  • Special Features: None
  • Property Sub Type: MultiFamily

Garage/Parking

  • Parking Features: Off Street
  • ParkingOffStreet: Yes
  • GarageParking:Common: Yes

Lot Info

  • Parcel #: 104-730-028
  • Lot Size Sq Ft: 5663.0
  • ResoLotSizeUnits: Square Feet
  • Zoning Description: RED - C-4 - Retail Core Commercial District
  • ResoLotSizeUnits: SquareFeet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 31, 2023
Sold by
Mathews Family Trust
Bought by
Mathews Family Trust
Current Estimated Value
$1,516,744

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Outstanding Balance
$435,881
Interest Rate
6.33%
Mortgage Type
Credit Line Revolving
Estimated Equity
$1,080,863

Purchase Details

Listed on
Sep 20, 2021
Closed on
Dec 1, 2021
Sold by
Prestige Healthcare Direct Llc
Bought by
Matthews Lewis C and Matthews Leslie C
Seller's Agent
Jessica Whitlow
Haedrich & Co., Inc.
Buyer's Agent
Nicole Godman
Relevant Real Estate
List Price
$1,785,000
Sold Price
$1,450,000
Premium/Discount to List
-$335,000
-18.77%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.11%

Purchase Details

Closed on
Sep 23, 2014
Sold by
Swaying Palm Properties Llc
Bought by
Prestige Healthcare Direct Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$277,500
Interest Rate
4.08%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 4, 2005
Sold by
Buenaventura Properties Llc
Bought by
Swaying Palm Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
5.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 3, 2000
Sold by
Kip Rickel
Bought by
Buenaventura Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$308,000
Interest Rate
8.12%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Mathews Family Trust -- First American Title
Matthews Lewis C $1,450,000 Chicago Title Company
Prestige Healthcare Direct Llc $925,000 Fidelity National Title Co
Swaying Palm Properties Llc $825,000 Chicago Title Co
Buenaventura Properties Llc $385,000 Placer Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mathews Family Trust $450,000
Previous Owner Prestige Healthcare Direct Llc $277,500
Previous Owner Prestige Healthcare Direct Llc $462,500
Previous Owner Swaying Palm Properties Llc $600,000
Previous Owner Buenaventura Properties Llc $308,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/03/2021 12/03/21 Sold $1,450,000 -18.8% $424 / Sq Ft
11/08/2021 11/08/21 Pending -- -- --
09/20/2021 09/20/21 For Sale $1,785,000 -- $522 / 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 $15,795 $1,538,750 $371,422 $1,167,328
2024 $15,558 $1,508,580 $364,140 $1,144,440
2023 $15,558 $1,479,000 $357,000 $1,122,000
2022 $15,299 $1,450,000 $350,000 $1,100,000
2021 $11,020 $1,027,042 $277,578 $749,464
2020 $11,170 $1,016,512 $274,732 $741,780
2019 $10,600 $996,582 $269,346 $727,236
2018 $10,700 $977,042 $264,065 $712,977
2017 $10,645 $957,886 $258,888 $698,998
2016 $10,306 $939,105 $253,812 $685,293
2015 $10,175 $925,000 $250,000 $675,000
2014 -- $500,000 $150,000 $350,000
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2021

    Jessica Whitlow

    Haedrich & Co., Inc.

  • Nicole Godman

    Buyer's Agent in 2021

    Nicole Godman

    Relevant Real Estate

    (530) 921-0330

    2 in this area

    26 Total Sales

    Nicole Godman
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Map

Source: Shasta Association of REALTORS®

MLS Number: 21-4449

Shasta Association of REALTORS®

APN: 104-730-028-000

California Shasta County Redding 96001 Manzanita

3689 Eureka Way, Redding, CA

Not Listed for Sale

MultiFamily

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