NOT LISTED FOR SALE

4950 Mountain Lakes Blvd Redding, CA 96003

Mountain Lakes Neighborhood
-- Bed
-- Bath
46,500 Sq Ft
1.66 Acres

Last Sold October 23, 2015

Last sale price $2,450,000 $53 Per Sq Ft

312 Days on Market

About This Home

As of October 2015

This facility is in excellent condition and has undergone numerous upgrades in recent years. One of the few concrete tilt-up industrial buildings in the market. Tenant line-up includes Fortune 500 companies and a State of California government agency. Unique improvements serve these tenants in ways that cannot be duplicated by other properties.

Last Agent to Sell the Property

KEN MILLER

Coldwell Banker Commercial C&C Properties Listed on: 10/23/2015

Last Buyer's Agent

Josh Barker

Josh Barker Real Estate License #01277485

Property Details

Home Type

  • Multi-Family

Lot Details

  • 1.66

Home Design

  • Metal Roof
  • Concrete Siding

Listing and Financial Details

  • Assessor Parcel Number 114-330-029, 030

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Directions: I-5 to Twin View Blvd, left under freeway, right on Caterpillar, right on George Drive, George Drive turns into Mountain Lakes Blvd, property will be on your right just past Charles Drive.
  • Prop. Type: Investment
  • Utilities Sewer: Yes
  • Utilities Telephone: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Roof: Metal
  • Construction Type: Concrete

Garage/Parking

  • GarageParking:Common: Yes

Lot Info

  • Parcel #: 114-330-029, 030
  • Zoning Description: RED - M-2 - Industrial District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 23, 2015
Closed on
Oct 21, 2015
Sold by
Shlla Enterprises Llc
Bought by
D J & A Properties
Seller's Agent
KEN MILLER
Coldwell Banker Commercial C&C Properties
Buyer's Agent
Josh Barker
Josh Barker Real Estate
List Price
$2,675,000
Sold Price
$2,450,000
Premium/Discount to List
-$225,000
-8.41%

Purchase Details

Closed on
Dec 22, 2009
Sold by
Morrow Webb B
Bought by
Shila Enterprises Llc

Purchase Details

Closed on
Nov 7, 2002
Sold by
Ring Lorraine
Bought by
Morrow Webb B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$521,250
Interest Rate
5.89%
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
D J & A Properties $2,450,000 Placer Title Company
Shila Enterprises Llc -- Placer Title Company
Morrow Webb B $695,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Morrow Webb B $521,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/23/2015 10/23/15 Sold $2,450,000 -8.4% $53 / Sq Ft
10/23/2015 10/23/15 Pending -- -- --
12/15/2014 12/15/14 For Sale $2,675,000 -- $58 / 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 $22,574 $2,080,800 $520,200 $1,560,600
2024 $17,739 $2,040,000 $510,000 $1,530,000
2023 $17,739 $1,592,956 $256,009 $1,336,947
2022 $17,275 $1,561,723 $250,990 $1,310,733
2021 $17,049 $1,531,102 $246,069 $1,285,033
2020 $16,981 $1,515,403 $243,546 $1,271,857
2019 $16,467 $1,485,690 $238,771 $1,246,919
2018 $16,474 $1,456,560 $234,090 $1,222,470
2017 $16,208 $1,428,000 $229,500 $1,198,500
2016 $15,512 $1,400,000 $225,000 $1,175,000
2015 $11,999 $1,075,000 $175,000 $900,000
2014 $12,319 $1,075,000 $175,000 $900,000
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2015

    KEN MILLER

    Coldwell Banker Commercial C&C Properties

  • Josh Barker

    Buyer's Agent in 2015

    Josh Barker

    Josh Barker Real Estate

    (530) 222-3800

    2 in this area

    302 Total Sales

    Josh Barker
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Map

Source: Shasta Association of REALTORS®

MLS Number: 14-5551

Shasta Association of REALTORS®

APN: 114-330-030-000

California Shasta County Redding 96003 Mountain Lakes

4950 Mountain Lakes Blvd, Redding, CA

Not Listed for Sale

MultiFamily

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