NOT LISTED FOR SALE

Redding, CA 96001

Downtown Redding Neighborhood

Estimated Value: $1,401,787

-- Bed
-- Bath
-- Sq Ft
0.49 Acres

Last Sold April 28, 2017

Last sale price $599,000

Est. 134% increase in value since last sale

Current estimated payment $8,709/month

73 Days on Market

About This Home

As of April 2017

28 Room Motel in the heart of Down Town Redding. Walking distance to shopping, transportation, cafes, entertainment as well as proposed new Multi-Use Development projects. Great opportunity to continue as a Motel or Upgrade, Convert, etc. Financing may be available up to $415,000 O.A.C. *Estimated Yearly NET Income: $82,000. Buyer to verify.

Last Agent to Sell the Property

Nick Kerley

DROZ CORPORATION Listed on: 02/01/2017

Last Buyer's Agent

NON MEMBER

Big Valley Properties

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1949

Lot Details

  • 0.49

Parking

  • Off-Street Parking

Listing and Financial Details

  • Assessor Parcel Number 102-510-019-000

Property Details

Home Type

Multi-Family

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Directions: From Cypress, make a right on Pine St, left on Lincoln St, left on Market St, property is on left next to Kahunas Mongolian BBQ.
  • Prop. Type: Residential Income
  • Year Built: 1949
  • Building Stories: 2
  • Ownership: Seller
  • Subdivision Name: N/A
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Garage/Parking

  • Parking Features: Off Street
  • ParkingOffStreet: Yes

Lot Info

  • Parcel #: 102-510-019-000
  • Lot Dimensions: 21,498
  • Zoning Description: AND - C-1 - General Commercial

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 18, 2022
Sold by
2171 Market Street Inc
Bought by
Pacific Oak Real Estate Holdings Llc
Current Estimated Value
$1,401,787

Purchase Details

Closed on
Aug 20, 2021
Sold by
Divens Jon A
Bought by
2171 Market Street Inc

Purchase Details

Closed on
Nov 23, 2020
Sold by
Earl Freddy Invest C Llc
Bought by
Divens Jon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,120,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 1, 2017
Closed on
Apr 24, 2017
Sold by
Shannon Patrick and Shannon Tamara
Bought by
Earl Freddy Invest C Llc
Seller's Agent
Nick Kerley
DROZ CORPORATION
Buyer's Agent
NON MEMBER
Big Valley Properties
List Price
$650,000
Sold Price
$599,000
Premium/Discount to List
-$51,000
-7.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.61%
Original Mortgage
$640,000
Interest Rate
4.3%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 12, 2003
Sold by
Shannon Patrick and Shannon Tamara
Bought by
Shannon Patrick and Shannon Tamara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
4.76%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 28, 2003
Sold by
Shannon Patrick and Shannon Tamara
Bought by
Market Street Manor Motel Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$265,000
Interest Rate
6.06%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Dec 4, 2002
Sold by
Rains County West
Bought by
Shannon Patrick and Shannon Tamara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$265,000
Interest Rate
6.06%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Aug 21, 2002
Sold by
Hancock Robert Lincoln and Hancock Linda A
Bought by
Rain County West Llc

Purchase Details

Closed on
Dec 13, 2001
Sold by
Antonson Bryan
Bought by
Fergon C C

Purchase Details

Closed on
Oct 29, 1998
Sold by
Werner Mayer Deter
Bought by
Antonson Bryan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
6.84%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

Collateral Analytics

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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
Pacific Oak Real Estate Holdings Llc $17,500 First American Title
2171 Market Street Inc -- None Listed On Document
Divens Jon $1,600,000 First American Title
Earl Freddy Invest C Llc $599,000 First American Title Company
Shannon Patrick -- Fidelity National Title Co
Shannon Patrick -- Fidelity National Title Co
Market Street Manor Motel Llc -- Fidelity National Title Co
Shannon Patrick $385,000 Fidelity National Title Co
Rain County West Llc -- Chicago Title Co
Hancock Robert Lincoln $113,094 --
Fergon C C $1,000 --
Antonson Bryan $370,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Divens Jon $1,120,000
Previous Owner Earl Freddy Invest C Llc $640,000
Previous Owner Shannon Patrick $500,000
Previous Owner Shannon Patrick $265,000
Previous Owner Antonson Bryan $400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/28/2017 04/28/17 Sold $599,000 -7.8% --
04/14/2017 04/14/17 Pending -- -- --
01/31/2017 01/31/17 For Sale $650,000 -- --
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 -- $1,817,881 $795,906 $1,021,975
2024 $15,327 $1,475,130 $780,300 $694,830
2023 $15,327 $1,435,910 $765,000 $670,910
2022 $12,871 $1,213,200 $750,000 $463,200
2021 $9,866 $913,200 $450,000 $463,200
2020 $7,211 $648,862 $318,362 $330,500
2019 $6,827 $634,199 $312,120 $322,079
2018 $6,772 $610,980 $306,000 $304,980
2017 $4,537 $400,000 $200,000 $200,000
2016 $4,480 $400,000 $200,000 $200,000
2015 $4,490 $400,000 $200,000 $200,000
2014 $4,215 $370,000 $200,000 $170,000
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2017

    Nick Kerley

    DROZ CORPORATION

  • N

    Buyer's Agent in 2017

    NON MEMBER

    Big Valley Properties

See All Agents

Source: Shasta Association of REALTORS®

MLS Number: 16-5989

Shasta Association of REALTORS®

APN: 102-510-019-000

California Shasta County Redding 96001

Downtown Redding

This home since 01 February 2017 and is currently estimated at $1,401,787. This property was built in 1949. This home is a home located in Shasta County with nearby schools including Juniper, Sequoia Middle School, and Shasta High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Shasta Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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