NOT LISTED FOR SALE

5850 Cedars Rd Redding, CA 96001

Branstetter Neighborhood

Estimated Value: $156,000 - $206,010

9.4 Acres
$19,256 Price per Acre
409,464 Sq Ft Lot

Last Sold July 21, 2017

Last sale price $135,000 $193 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $1,088/month

241 Days on Market

Highlights

  • Views of Trees
  • 9.4 Acre Lot
  • Level Lot
  • Shasta High School Rated A
  • Partially Fenced Property

About This Lot

As of July 2017

9.4 acres right in town with 1400 feet of Olney Creek Frontage. Credit for 2100 square feet building permit fees per City of Redding. Power lines are in to potential home site with existing septic system. City sewer and water available. Zoned RM 9 (Multi family up to 9 units per acre) Could be your private retreat close to everything or could be developed.

Last Agent to Sell the Property

Jerry Papenheim

Mountain View Properties License #01723119 Listed on: 01/11/2017

Last Buyer's Agent

Jerry Papenheim

Mountain View Properties License #01723119 Listed on: 01/11/2017

Property Details

Property Type

  • Land

Lot Details

  • 9.4 Acre Lot
  • Partially Fenced Property
  • Level Lot
  • Zoning described as RED - RM - Multiple Family Districts

Property Views

  • Trees
  • Park or Greenbelt

Listing and Financial Details

  • Assessor Parcel Number 049-240-002-000

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Directions: Bonneyview cross 273 to Cedars road, property on left.
  • Prop. Type: Lots/Land
  • Additional Lot Info Divisible: Yes
  • Lot Size Acres: 9.4
  • Road Frontage Type: City
  • Road Surface Type: Asphalt
  • Subdivision Name: N/A
  • ViewWooded: Yes
  • Type Multi: Yes
  • Special Features: RealEstateOwned
  • Property Sub Type: LotsLands

Exterior Features

  • View: Greenbelt, Trees/Woods
  • Topography: Level, Gentle
  • Fencing: Field, Partial

Utilities

  • Gas Available: Yes
  • Heating:Gas-Natural2: Yes

Lot Info

  • Parcel #: 049-240-002-000
  • Current Use: Other, None
  • Lot Dimensions: 409,464
  • Lot Size Sq Ft: 409464.0
  • ResoLotSizeUnits: Acres
  • Zoning Description: RED - RM - Multiple Family Districts
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 11, 2017
Closed on
Jul 18, 2017
Sold by
Shasta Forest Properties Llc
Bought by
Han Chang Hi and Han Jong Ok
Seller's Agent
Jerry Papenheim
Mountain View Properties
Buyer's Agent
Jerry Papenheim
Mountain View Properties
List Price
$149,900
Sold Price
$135,000
Premium/Discount to List
-$14,900
-9.94%
Current Estimated Value
$181,005

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$46,005
Avg. Annual Appreciation
3.56%
Original Mortgage
$80,000
Outstanding Balance
$66,466
Interest Rate
3.89%
Mortgage Type
Seller Take Back
Estimated Equity
$114,539

Purchase Details

Closed on
Oct 5, 2016
Sold by
Muegge Frank J
Bought by
Shasta Forest Properties Llc

Purchase Details

Closed on
Jun 27, 2005
Sold by
Muegge John C
Bought by
Muegge Frank J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
6.1%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Sep 11, 2000
Sold by
Fleming Matthew Stewart
Bought by
Muegge John C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,500
Interest Rate
8.11%

Purchase Details

Closed on
Oct 8, 1999
Sold by
Wade Russell S
Bought by
Fleming Matthew Stewart

Purchase Details

Closed on
Mar 19, 1999
Sold by
Wade Beverly J
Bought by
Wade Russell S and Wade Beverly J
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
Han Chang Hi $135,000 Placer Title Company
Shasta Forest Properties Llc $54,683 None Available
Muegge Frank J $225,000 Placer Title Company
Muegge John C $75,000 Chicago Title Co
Fleming Matthew Stewart -- Chicago Title Co
Wade Russell S -- Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Han Chang Hi $80,000
Previous Owner Muegge Frank J $180,000
Previous Owner Muegge John C $75,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/21/2017 07/21/17 Sold $135,000 -9.9% $193 / Sq Ft
06/16/2017 06/16/17 Pending -- -- --
10/18/2016 10/18/16 For Sale $149,900 -- $214 / 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 $1,629 $153,603 $147,916 $5,687
2024 $1,604 $150,592 $145,016 $5,576
2023 $1,604 $147,640 $142,173 $5,467
2022 $1,577 $144,746 $139,386 $5,360
2021 $1,569 $141,908 $136,653 $5,255
2020 $1,589 $140,454 $135,252 $5,202
2019 $1,510 $137,700 $132,600 $5,100
2018 $1,542 $135,000 $130,000 $5,000
2017 $1,728 $150,000 $145,000 $5,000
2016 $1,394 $130,000 $70,000 $60,000
2015 $1,396 $130,000 $70,000 $60,000
2014 $1,857 $170,000 $70,000 $100,000
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2017

    Jerry Papenheim

    Mountain View Properties

    (530) 351-5125

    12 Total Sales

    Jerry Papenheim
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Map

Source: Shasta Association of REALTORS®

MLS Number: 16-5108

Shasta Association of REALTORS®

APN: 049-240-002-000

California Shasta County Redding 96001 Branstetter

5850 Cedars Rd, Redding, CA

Not Listed for Sale

Lots

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