NOT LISTED FOR SALE

760 Ash St Red Bluff, CA 96080

Estimated Value: $395,957 - $554,000

8 Beds
4 Baths
3,482 Sq Ft
$130/Sq Ft Est. Value

Last Sold September 30, 2020

Last sale price $330,000 $95 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $2,754/month

185 Days on Market

Highlights

  • Fishing
  • Double Pane Windows
  • Central Heating and Cooling System
  • Neighborhood Views
  • Laundry Room
  • 4-minute walk to Gerber Park

About This Home

As of September 2020

Calling all investors: call your business partners, because the deal you've been waiting for is here. A 2007 Built 4-plex within walking distance to Downtown Red Bluff. One upstairs unit has recently had new flooring installed and a coat of fresh interior paint. With the shortage of housing across California, the vacancy rate should sit at an all time low and allow for a steady rent return. Call your favorite Real Estate Agent today for a showing before another deal slips through your fingers.

Last Agent to Sell the Property

Dominick Townsend

People's Choice Brokers License #01993200 Listed on: 01/14/2020

Last Buyer's Agent

Dominick Townsend

People's Choice Brokers License #01993200 Listed on: 01/14/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,559

Year Built

  • Built in 2007

Lot Details

  • 7,272 Sq Ft Lot
  • Two or More Common Walls
  • Fenced
  • Fence is in average condition
  • Density is 21-25 Units/Acre

Home Design

  • Property Attached
  • Cosmetic Repairs Needed
  • Fire Rated Drywall
  • Composition Roof
  • Cement Siding

Interior Spaces

  • 3,482 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • Laminate Flooring
  • Neighborhood Views
  • Electric Range

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • Parking Available
  • Assigned Parking

Location

  • Urban Location

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 9-12
  • Assessor Parcel Number 033051013000

Community Details

Recreation

  • Fishing
  • Hunting

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $360
  • Fuel Expense $100
  • Gardener Expense $600
  • Insurance Expense $1,600
  • Pest Control $660
  • Professional Management Expense $2,908
  • Trash Expense $1,620
  • Water Sewer Expense $3,000
  • New Taxes Expense $3,400
  • Operating Expense $14,248
  • Gross Income $34,320
  • Net Operating Income $20,072

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,559

Year Built

Built in 2007

Lot Details

0

Listing Details

  • CapRate: 5.12
  • Professional Management Expense: 2908.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 3000.00
  • Zoning: CITY
  • Property Condition: Repairs Cosmetic
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 033051013000
  • Year Built: 2007
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Laminate
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 94.77
  • Window Features: Double Pane Windows

Exterior Features

  • View: Neighborhood
  • Fence: Yes
  • Fencing: Average Condition
  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Cement Siding, Drywall Walls

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Electric Range
  • Heating Type: Central
  • Laundry Features: Community, Outside
  • Pest Control Expense: 660.00
  • Sewer: Public Sewer
  • Trash Expense: 1620.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Fishing, Hunting, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 21-25 Units/Acre
  • Lot Size Sq Ft: 7272.00
  • Lot Size Acres: 0.1669

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 360.00
  • Fuel Expense: 100.00
  • Gross Income: 34320.00
  • Gross Multiplier: 113.60
  • Gross Scheduled Income: 34320.00
  • Insurance Expense: 1600.00
  • Lot Size Area: 7272.0000 Square Feet
  • Maintenance Percent: 5.00
  • Net Operating Income: 20072.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 14248.00
  • Rent Control: No
  • Total Actual Rent: 2860.00
  • Total Expenses: 14248.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 3400.00
  • Tax Census Tract: 5.00
  • Tax Lot: 9-12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 14, 2020
Closed on
Sep 22, 2020
Sold by
Townsend Dominick Nelson and Townsend Legacy Trust
Bought by
Barajas Leonel
Seller's Agent
Dominick Townsend
People's Choice Brokers
Buyer's Agent
Dominick Townsend
People's Choice Brokers
List Price
$341,000
Sold Price
$330,000
Premium/Discount to List
-$11,000
-3.23%
Current Estimated Value
$451,739

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$121,739
Avg. Annual Appreciation
5.53%
Original Mortgage
$264,000
Outstanding Balance
$235,344
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$194,676

Purchase Details

Closed on
Sep 21, 2017
Sold by
Townsend Dominick
Bought by
Townsend Dominick Nelson and Townsend Legacy Trust

Purchase Details

Closed on
Apr 13, 2016
Sold by
Gross Jerry Jason and Gross Mary Elizabeth
Bought by
Townsend Dominick

Purchase Details

Closed on
Nov 2, 2011
Sold by
Gross Jerry J and Gross Eric
Bought by
Gross Jerry Jason and Gross Mary Elizabeth

Purchase Details

Closed on
Nov 1, 2011
Sold by
Fambrough Chad and Fambrough Nicole K
Bought by
Gross Jerry J and Gross Eric

Purchase Details

Closed on
Oct 24, 2007
Sold by
Garcia Alvin and Garcia Debbie
Bought by
Fambrough Chad and Fambrough Nicole K

Purchase Details

Closed on
Mar 21, 2007
Sold by
Litsis Ioannis
Bought by
Garcia Alvin and Garcia Debbie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,000
Interest Rate
6.11%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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Average Value
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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
Barajas Leonel $330,000 Placer Title Company
Townsend Dominick Nelson -- None Available
Townsend Dominick $180,000 Mid Valley Title & Escrow Co
Gross Jerry Jason -- Placer Title Company
Gross Jerry J -- Placer Title Company
Fambrough Chad $25,000 Placer Title Company
Garcia Alvin $65,000 Placer Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Barajas Leonel $264,000
Previous Owner Garcia Alvin $325,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/30/2020 09/30/20 Sold $330,000 0.0% $95 / Sq Ft
07/17/2020 07/17/20 Pending -- -- --
06/30/2020 06/30/20 Price Changed $330,000 -3.2% $95 / Sq Ft
03/23/2020 03/23/20 Price Changed $341,000 0.0% $98 / Sq Ft
03/23/2020 03/23/20 For Sale $341,000 +1.8% $98 / Sq Ft
01/16/2020 01/16/20 Pending -- -- --
01/14/2020 01/14/20 For Sale $335,000 -- $96 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $3,559 $357,201 $54,121 $303,080
2023 $3,498 $343,332 $52,020 $291,312
2022 $3,473 $336,600 $51,000 $285,600
2021 $3,332 $330,000 $50,000 $280,000
2020 $2,078 $194,836 $32,472 $162,364
2019 $2,091 $191,017 $31,836 $159,181
2018 $1,934 $187,272 $31,212 $156,060
2017 $1,951 $183,600 $30,600 $153,000
2016 $2,520 $249,342 $37,135 $212,207
2015 -- $245,598 $36,578 $209,020
2014 $2,445 $240,788 $35,862 $204,926
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN20005521

California Regional Multiple Listing Service (CRMLS)

APN: 033-051-013-000