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Sold for $500,000 on 05/10/24
  • $500,000

    611 Parsons Dr, Redding, CA 96002

    --beds
    --baths
    3,072sqft
    Quadruplex, Residential Income
    Built in 1959
    -- sqft lot
    $587,200 Zestimate®
    $163/sqft
    $1,193 Estimated rent

    Home value

    $587,200

    $505,000 - $687,000

    $1,193/mo

    Zestimate® history
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    What's special

    An exceptional investment opportunity awaits with this multi-family residential property, boasting a standalone structure that ensures a positive cash flow. Situated in a prime location, the property offers convenience and accessibility, making it an attractive option for potential renters. Key Features - Positive Cash Flow: The property generates substantial income, exceeding operational costs, resulting in a profitable investment; Great Location: Nestled in a vibrant neighborhood, residents enjoy proximity to essential stores, delightful shopping experiences, and a variety of dining options; Accessibility: Located just minutes away from major highways, this property provides easy access for commuting, travel, and leisure activities. Investment Highlights - High Demand Area: The demand for multi-family homes in this area is on the rise, ensuring consistent occupancy rates; Growth Potential: With the potential for value appreciation and rent increases, investors can look forward to long-term+ financial gains; Community Amenities: Residents benefit from local parks, schools, and community centers, enhancing the living experience and rental appeal.

    Zillow last checked: 8 hours ago

    Listing updated: January 03, 2025 at 11:52pm

    Listed by:

    Liz Aguero 01829079 650-450-7668,

    eXp Realty of California Inc 888-584-9427

    Bought with:

    Liz Aguero, 01829079

    eXp Realty of California Inc

    Source: MLSListings Inc,MLS#: ML81958608MLS Logo

    Facts & features

    Interior

    Heating
    • Wall Furnace
    Cooling
    • Other
    Features
    • Flooring: Carpet, Vinyl Linoleum
    Interior area
    • Total structure area: 3,072
    • Total interior livable area: 3,072 sqft

    Property

    Parking
    • Total spaces: 4
    • Parking features: Attached
    • Garage spaces: 4
    • Has carport: Yes
    Accessibility
    • Accessibility features: Parking
    Features
    • Stories: 1
    Lot
    • Size: 0.34 Acres
    Details
    • Parcel number: 107490019000
    • Zoning: RM-6
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Quadruplex, Residential Income
    Materials
    • Foundation: Slab
    • Roof: Composition
    Condition
    • Year built: 1959

    Utilities & green energy

    • Gas: IndividualGasMeters, PublicUtilities
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Public Utilities, Water Public, Individual Electric Meters, Individual Gas Meters

    Community & neighborhood

    Location
    • Region: Redding

    Other

    Other facts
    • Listing agreement: ExclusiveAgency
    • Listing terms: CashorConventionalLoan

    Price history

    DateEventPrice
    5/10/2024Sold$500,000$163/sqft
    Source: MLSListings Inc #ML81958608
    6/22/2018Listing removed$700
    Source: Coldwell Banker Property Management
    6/12/2018Listed for rent$700
    Source: Coldwell Banker Property Management

    Public tax history

    YearProperty taxesTax assessment
    2025$5,643 +90.1%$507,450 +93.7%
    2024$2,968 +1.4%$261,982 +2%
    2023$2,927 +2.9%$256,846 +2%

    Find assessor info on the county website

    Neighborhood: 96002

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: RotherElementary
    • Middle: ParsonsJuniorHigh
    • High: EnterpriseHigh
    • District: EnterpriseElementary

    Source: MLSListings Inc. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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