5 months on rocket

140 Masonic Ave, Redding, CA, 96003

$914,000

Home List Price

$10,000*

Closing Credit

0 Baths
House

Location

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140 Masonic Ave, Redding$914,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeResidential
ParkingOff Street
Year Built1977
MLS #24-3009
StatusActive

About 140 Masonic Ave

100% occupied 6-plex for sale in northern Redding, CA with 2 remodeled units, below market rents for the long term tenants, new roof, all new HVAC mini-splits, fresh coat of exterior paint, and close proximity to shopping, transportation, and schools. With current gross monthly rents at $6,820.00/month ($81,840/year), additional laundry income averaging around $1,300/year, and annual expenses coming in around $23,500/year (including a maintenance reserve), the property provides just over a 6.5% cap rate. Property owners had planned to remodel each unit as there was natural turnover, but only three units have come up since 2021 (units 2, 5 & 6 are fully remodeled). All of the units are 2 bedrooms with 1 bath.

Property Details

Property Features

Property Information:

  • Year Built: 1977
  • Stories: 2

Listing Office:

  • Office Name: Capital Rivers Commercial
  • Office Phone: (530) 221-1127
  • Listing Agent: Chris Haedrich

Exterior Features

Parking Information:

  • Parking: Off Street

Other

Directions Information:

  • Directions: Directly across Lake Blvd from Raley's shopping center. From I-5 take the HWY 299/Lake Blvd exit; head west on Lake Blvd; turn left (south) on Masonic Avenue; property is on the right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $914,000
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Housing Market Comparison

See how this home compares to others in Redding, CA.

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Redding, CA

City

Med. Sold Price

$394.9K

Med. Price/SqFt

$247

Avg. Days On Market

76

# of Sold Homes

81

140 Masonic Ave vs Redding

154 DAYS ON ROCKET

+78 Days

$914,000

+$519K More

KEY TAKEAWAY

This property is $519K more than the Median Sold Price in Redding, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Shasta Association of REALTORS®
  • MLS Number: #24-3009

Listing Office:

  • Office Name: Capital Rivers Commercial
  • Office Phone: (530) 221-1127
  • Listing Agent: Chris Haedrich

Broker Reciprocity The listings on this site are displayed courtesy of the IDX program of Shasta Association of REALTORS and may not be the listings of the site owner. All information is deemed reliable but not guaranteed. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.


Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/11/2024, 11:21:07 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jun 08, 2021Home Sold
$2,635,000
Jun 08, 2021Home Sold
$2,635,000
Apr 04, 2002Home Sold
$190,000
Apr 04, 2002Home Sold
$190,000

History based on county public records data.

Payment Calculator

$4,629

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,807

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-1891907
6
/10

  • Cypress Elementary School

  • 2150 Civic Center Dr

  • 2.30 miles

  • Public District Grades KG-5

school-card-donut-1891908
5
/10

  • Manzanita Elementary School

  • 1240 Manzanita Hills Ave

  • 2.52 miles

  • Public District Grades KG-5

school-card-donut-1891909
3
/10

  • Rother Elementary School

  • 795 Hartnell Ave

  • 3.38 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $29,669. Most Redding, CA residents have annual incomes less than $35k. Residents typically live in single, no kids family. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 140 Masonic Ave

What is the listing price of this property?

The listing price of 140 Masonic Ave property is $914,000.

What type of property is this?

The property 140 Masonic Ave is a house located in Redding, California, 96003.

Is this property for sale now?

Active Listing: 140 Masonic Ave is For Sale (Active/New) which means the seller is accepting offers.

When was this property sold last time and for how much?

The last sale was on June 8, 2021 for $2,635,000. (source: MLS/tax record).

Which year was this property built?

The year of construction for 140 Masonic Ave is 1977.

Rocket Homes›California›Shasta County›Redding›96003›140 Masonic Ave

This home is located at 140 Masonic Ave in Redding, CA and zip code 96003 in the North Redding neighborhood. This home was built in 1977. It has been listed on Rocket Homes since July 10, 2024 and is currently priced at $914,000.

In November 2024, from all listings sold in Redding, CA there were more than 20 sold above asking price, over 42 sold below and more than 19 were sold right at the asked price. The number of homes for sale in Redding, CA decreased by 6.3% between October 2024 and November 2024. In November 2024 median list price was $394,989 and the average listing age was 76 days.

From Rocket Homes Real Estate and based on county public records data.

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