NOT LISTED FOR SALE

5312 Spear Point Weed, CA 96094

Lake Shastina Area
3 Beds
3 Baths
1,850 Sq Ft
2,614 Sq Ft Lot

Sale Details

Date Sold: March 9, 2020

Last sale price $126,500 $68 Per Sq Ft

54 Days on Market

Highlights

  • Golf Course Community
  • Community Lake
  • Community Pool
  • Fishing
  • End Unit
  • Hiking Trails

About This Home

As of March 2020

Attention Investors!!! Lakefront 3 unit condo facing the deep side of Lake Shastina! Extra privacy and decking due to end unit. Currently has great tenants, units are in good shape and rents of $900/$395/$395 more than service any loan. Large decks on both levels to enjoy the views and just a short walk down to the lake in the summer to kayak, swim or? The condos are located in Lake Shastina subdivison with 27 hole golf course, driving range, restaurant and pro shop. Only a 15 minute drive to Mt Shasta for hiking, skiing and additional golfing. The night sky with no light pollution in the area is jaw dropping! Power comes from Oregon, not PG & E!

Last Agent to Sell the Property

Georgia Ryan

John L Scott Siskiyou License #01340691 Listed on: 12/11/2019

Last Buyer's Agent

General NONMEMBER

NONMEMBER MRML

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1970

Lot Details

  • 2,614 Sq Ft Lot
  • End Unit
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre
  • Land Lease

Home Design

  • Property Attached
  • Planned Development

Interior Spaces

  • 1,850 Sq Ft Home
  • Living Room with Fireplace
  • Laundry in unit

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Additional Features

  • Suburban Location
  • Septic Type Unknown

Listing and Financial Details

  • Tax Lot 8
  • Assessor Parcel Number 106450010

Community Details

Overview

  • 3 Units
  • Community Lake
  • Foothills

Amenities

  • Laundry Facilities

Recreation

  • Golf Course Community
  • Community Pool
  • Fishing
  • Park
  • Dog Park
  • Water Sports
  • Hiking Trails
  • Bike Trail

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Water Meter
  • Electric Expense $163
  • Insurance Expense $500
  • Trash Expense $35
  • Water Sewer Expense $30
  • New Taxes Expense $1,290
  • Operating Expense $2,300
  • Gross Income $20,400
  • Net Operating Income $12,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1970

Lot Details

2,614 Sq Ft Lot

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 30.00
  • Property Type: Residential Income
  • Parcel Number: 106450010
  • Year Built: 1970
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: 2+ Common Walls, End Unit
  • Fireplace Features: Living Room
  • Price Per Square Foot: 68.38

Exterior Features

  • Pool Features: Association
  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer, Unknown
  • Trash Expense: 35.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Planned Development
  • Community Features: Biking, Dog Park, Fishing, Foothills, Golf, Hiking, Lake, Park, Watersports, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: Yes
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 2614.00
  • Lot Size Acres: 0.0600
  • Latitude Manual: 41.52700500

Multi Family

  • Electric Expense: 163.00
  • Gross Income: 20400.00
  • Gross Scheduled Income: 15000.00
  • Insurance Expense: 500.00
  • Lot Size Area: 2614.0000 Square Feet
  • Net Operating Income: 12000.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 150.00
  • Rent Control: No
  • Total Expenses: 2300.00

Tax Info

  • New Taxes Expense: 1290.00
  • Tax Census Tract: 9.00
  • Tax Lot: 8

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 11, 2019
Closed on
Mar 3, 2020
Sold by
Bought by
Seller's Agent
Georgia Ryan
John L Scott Siskiyou
Buyer's Agent
General NONMEMBER
NONMEMBER MRML
List Price
$129,900
Sold Price
$126,500
Premium/Discount to List
-$3,400
-2.62%

Purchase Details

Listed on
Dec 11, 2019
Closed on
Feb 26, 2020
Sold by
Bought by
Seller's Agent
Georgia Ryan
John L Scott Siskiyou
Buyer's Agent
General NONMEMBER
NONMEMBER MRML
List Price
$129,900
Sold Price
$126,500
Premium/Discount to List
-$3,400
-2.62%

Purchase Details

Listed on
Mar 28, 2018
Closed on
Jun 28, 2018
Sold by
Bought by
Seller's Agent
Sandra Haugan
Elite Real Estate Group
Buyer's Agent
Sandra Haugan
Elite Real Estate Group
List Price
$129,900
Sold Price
$110,000
Premium/Discount to List
-$19,900
-15.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.57%

Purchase Details

Closed on
Jan 26, 2011
Sold by
Bought by

Purchase Details

Closed on
Jan 6, 2011
Sold by
Bought by

Purchase Details

Closed on
Jun 17, 2010
Sold by
Bought by

Purchase Details

Closed on
Jun 26, 2007
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,000
Interest Rate
6.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 15, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$118,440
Interest Rate
6.12%
Mortgage Type
Commercial

Purchase Details

Closed on
May 16, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,000
Interest Rate
5.75%
Mortgage Type
Commercial

Purchase Details

Closed on
May 16, 2001
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
7.06%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Weed, CA

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Available
$126,500 Mt Shasta T&E Co
$110,000 Mt Shasta Title & Escrow
-- Servicelink
$55,000 Servicelink
$68,000 Accommodation
-- Accommodation
$169,200 Siskiyou County Title Co
-- Siskiyou County Title Co
$115,000 Mount Shasta Title & Escrow
$75,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $164,000
Previous Owner $118,440
Previous Owner $42,300
Previous Owner $92,000
Previous Owner $60,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/09/2020 03/09/20 Sold $126,500 -2.6% $68 / Sq Ft
02/03/2020 02/03/20 Pending -- -- --
01/28/2020 01/28/20 For Sale $129,900 0.0% $70 / Sq Ft
12/26/2019 12/26/19 Pending -- -- --
12/11/2019 12/11/19 For Sale $129,900 +18.1% $70 / Sq Ft
06/29/2018 06/29/18 Sold $110,000 -15.3% $59 / Sq Ft View Prior Sale
06/20/2018 06/20/18 Pending -- -- --
03/28/2018 03/28/18 For Sale $129,900 -- $70 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $1,483 $138,344 $16,403 $121,941
2023 $1,483 $132,973 $15,767 $117,206
2022 $1,429 $130,366 $15,458 $114,908
2021 $1,406 $127,810 $15,155 $112,655
2020 $1,270 $114,444 $15,606 $98,838
2019 $1,250 $112,200 $15,300 $96,900
2018 $927 $81,629 $11,257 $70,372
2017 $911 $80,030 $11,037 $68,993
2016 $891 $78,462 $10,821 $67,641
2015 -- $77,284 $10,659 $66,625
2014 -- $75,771 $10,451 $65,320
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN19279638

California Regional Multiple Listing Service (CRMLS)

APN: 106-450-010-000

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