We don’t often add an exclamation point on the subject line here at FDotD, but this one rates. Are you kidding us? $68 per sqft for a genuinely amazing home on 8 acres? That would seem to be well below replacement costs.

Poised behind an automatic security gate just outside Palo Cedro on the way up to Shingletown, this home is among the largest we’ve ever seen as a bank owned home. The garage alone, at 1564 sqft, is larger than most homes in our area. It’s located back off the highway enough to be nicely private, and it has several ponds on the acreage, probably seasonal. It seems to have never been completely finished, but it seems livable as it is. It seems they were going for a modern version of the Classic American Mountain Lodge look, like you might see in Yellowstone, and we’d say they got a good start achieving the goal.

JP Morgan, mind the knife, eh?

Records indicate it is now an unwanted asset of JP Morgan Chase, and old JP himself might have been right at home here. Representing the bank/seller is foreclosure listing agent Kevin Burns of Coldwell Banker. He writes of it:

“One of a kind custom built home on 8+ Acres. The home features: 4 bedrooms, 4 baths and approx 6454 square feet. Other features include: large dining area, den, huge loft area and so much more. HVAC units & master bathroom tub have never been installed.”

There are several photos at the MLS listing for this big Millville home. We thought it would be interesting to see for ourselves, and so we took a few photos of our own of this big Mountain Lodge style foreclosure home at the link here. Call us up and we can get you in for a look in person. You won’t regret it.

Call (530) 244 7603

We can show you any home for sale around here, bank owned or not. Amazing or not. Whatever. Just call us! We rely solely on your calls and generous referrals.

Murray Hill is running for congress. Ol’ JP would no doubt approve:

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Redding foreclosure home REO bank owned for sale

Pretty easy to do the math on this one. Looks like just under $100 per sq ft. It’s listed as a 1971 3/2 on a good sized 85′ X 135′ sized lot in the Enterprise area. It’s been listed for sale by foreclosure listing broker Diane Abair of Bears Den Realty. She writes:

“Great house, with new paint and carpet, termite repairs all done; popular location 4 Bedrooms; separate living and family room and laundry”

There is only the one photo, and you’ve already seen it. She says 4 bedrooms in the remarks but only 3 in the listing, so that will take some math. From records it appears to be a Fannie Mae property. Which means you already own some small part of it as a taxpaying citizen, since the Fannie Mae GSA was seized by the US Treasury, and is “now wholly operated by the federal government.” Recently, Fannie Mae and similar Freddie Mac have been in the news as they continue to block the release of information about their contributions to certain politicians. If the government keeping secrets from it’s own citizens doesn’t trouble you deeply, then you’ll get the government you deserve. Democracy is not something you are given, it is something you earn.

Call (530) 244 7603

We can’t help you fight government corruption maybe, but we can get you inside this particular government asset to see if it would make a nice home or investment. We rely on your calls and referrals, and are grateful for your continued patronage of our services. So call!


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And, if you can afford to be smug and bemused like NPR, you can waste $1000 poking simplistic fun of the fraud that was Countrywide (now Bank of America).

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2016 Montana Shasta Lake City 96019 Movin’ to Montana? $89,900

March 12, 2010

Hey, check out those “aero” style kitchen cabinets. We’ve heard you can get that style at IKEA. You know what you’re in for here, when the best shot of the house is one obscured by bushes. We haven’t seen it in person but we’ll go out on a limb here and call it a fixer. [...]

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35371 Nehemiah Shingletown 96088 Lake McCumber area $143,200

March 11, 2010

Today’s FDotD is nestled in the tall pines of the Lake McCumber neighborhood. They get some snow up there, as you can see. But it’s really nice in the Summer months, when it gets really hot in the Valley, and Shingletown beckons with cool breezes in the pines. This one seems to be an unwanted [...]

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2185 Willow Glen Anderson 96007 2000 4/2 $169,900

March 10, 2010

Here’s a rare modern 4 bedroom 2 bath home in a terrific price range for first time homebuyers. It seems likely you can buy this home for about the same as you would pay in rent. Listed as 1663 sq ft on a 79 X 120 lot, it’s a good sized home on a good [...]

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21580 Old Alturas Redding 96003 ‘06 3/2.5 2580 sqft 2.4 acres $439,900

March 9, 2010

This bank owned home has been for sale for almost a year, under 4 different agents, starting at $529K. We have some folks interested in properties with similar features so we went out for a look. On the surface it has a lot going for it: a big modern home, elegant country style, 2.4 acres [...]

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1701 El Paso Shasta Lake City 96019 Housing assistance available $146,500

March 8, 2010

Today’s FDotD is a 1995 3/2.5, of about 1214 sqft. From records, it seems to have last sold in 1999 for $81K. Which means that despite it’s current very low price, this home has appreciated in value at a rate of better than 5% per year. You could do worse on an investment, and can [...]

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3487 Greenstone Redding 96001 Luxury @ $599,000

March 7, 2010

Today’s luxury FDOtD was filled with fine furnishings when last we saw it on the Association of University Women’s Home Tour a couple years ago. Poised elegantly on the western slope of one of the central peaks of Redding, and surrounded by equivalent luxury homes, it has a total western aspect. As you can see [...]

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4030 Meander Dr Redding 96001 3/2 pool shop $168,400

March 6, 2010

Regular FDotD viewers will recall this one from Jan 1. Back then, it was priced at $158K, and sold right away. We got a few calls on it (call back please!). Not sure what happened to that escrow, but here it is again for a mere $10K more. If you recall, there’s a 24 [...]

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4430 Swallowtail Ct Redding 96003 ‘85 3/2 $132,500

March 5, 2010

Here’s a HUD home for sale. These have different rules about purchase. This one can only be bought by an owner occupant up until March 7, after which bidding from investors can be considered. This one looks intriguing for the price. Another different aspect to purchasing these homes is that there is a Home [...]

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