South Redding REO home for sale

Our 600th post! Actually, this is our 601st post. We had no idea we’d be doing this when we started out almost 2 years ago. Just look at all the foreclosures. Scrolling back through the posts here is like a daily diary of pain and recovery. Surely, history will look back on this REO era and shake it’s dreadlocked head. FDotD at the 600 mark passes a milestone of misery, tempered by opportunity, and shows no sign of slowing down.

On that note we bring your today’s offering in the Waverlys. A small, somewhat cloistered neighborhood in south Redding consisting of older homes that could be characterized as a mix of nice ranch style residences of varying demeanor. Waverly is a loop of similar named streets around a utopian central park. This particular offering looked familiar, as it was a Short Sale for an arduous 326 days, gulp, before ultimately turning REO. The property consists of two irregular parcels totaling about 1.75 acres. The home is shown as being built in 1950 and is a 1260 sq ft 3/1. Representing the seller’s interests in this sale is foreclosure listing agent Evan Bennett of Evan Bennett Real Estate. He’s done a good job of providing us with images of this Redding CA foreclosure home here. And he writes of it:

“Original 3 bedroom home being used as 2 bd and den. 2 legal parcels, vacant 1 ac plus 3/4 ac with improvements. Newer roof, newer windows, newer copper plumbing, nice hardwood floors. Level land with many shade trees, fruit trees and horses are OK.”

Horse ARE ok, by gosh, and thanks for the reminder. Care to take a look inside this home?

Call (530) 244 7603

We rely on your calls and referrals. Imagine at minimum 600 hours spent bringing you the best of the available REO inventory every day for nearly 2 years. We know a LOT about our subject and we can use that knowledge to your advantage. So call!

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Redding foreclosure home in Hidden Hills
Redding foreclosure home in Hidden Hills

According to tax records, today’s FDotD sold for a generous $430K back in 2006. Prior to that it seems to have sold as a new home for $287K in 2004. So: the value of this home nearly doubled in 2 years? Now, the value has descended to less than it cost new 6 years ago? Hmm. As a side note, we’ve lately had some issues with some local appraisers, and their ‘born again’ recent low opinions of value. Where the heck were all you ‘conservative’ appraisers in 2006??
Well, there’s plenty of blame to go around, as concerns the decade’s real estate bubble. Although the value curve of this home far exceeds the local value average, it was hardly alone. Not much to do but pick up the shattered pieces apparently, of which this is a fragment. It’s listed as a 1966 sq ft 3/2. There are several more photos of this newer Hidden Hills home here. Representing the interests of the bank/seller is foreclosure listing agent Jason Davis of Re/Max. He writes:

“Come see this conveniently located Hidden Hills home. Split floor plan, Master Suite, Open Kitchen, Great Room, Den, Transom Windows and Oversized Garage. Owner is completing some renovations, including interior paint.”

We are further informed of various restrictions to the sale like: Offers will not be considered until 7 calendar days after listing. Listing days 8-12, offers will only be considered from owner-occupants, Neighborhood Stabilization Program buyers, municipalities, non-profit organizations. After the lucky 13th day, all offers will be considered. All financed offers will have to allow Wells Fargo employees examine your loan application. Confused? We can help.

Call (530) 244 7603

We rely on your calls and referrals. Please call!


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4140 Quartz Ct Redding 96001 4/3 pool $224,800

August 31, 2010

Here’s a 2800 sq ft west Redding home with a pool for less than $100 per sq ft. Below replacement costs, probably. This 2 story 4/3 was built in 1968, and sits at the end of the Quartz Court cul-de-sac. The pie shaped lot is quite large in back, and there is a a portable [...]

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3563 Americana Way Redding 96003 Earth Advantage $251,800

August 30, 2010

It appears that this lovely home was built in 2008, and then abandoned. It’s a very modern stucco 1681 sq ft 3/2 with granite slab, tile floor kitchen and newly landscaped front and back. Inside laundry, and energy efficient construction. The lot overlooks a greenbelt in a terrific northwest Redding neighborhood, and there is a [...]

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3310 Argyle Road Redding 96002 Indoor/Outdoor living $209,900

August 28, 2010

Today’s FDotD had quite a back yard. When the patio roof was intact, the space must have been like a virtual indoor/outdoor livingroom, complete with kitchen, pool, and fountain. We see some photos from its prior listing as a failed Short Sale, and you get the idea they were shooting for a kind of Sunset [...]

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819 Palatine Ct Redding 96001 Luxury 5/5 $850,000

August 26, 2010

Wow, this one is stunning. A classic Sunset Terrace beauty. We know you come here for the goods, so we took some photos of our own of this timeless Redding luxury home, We wondered if it wasn’t the most expensive bank owned home we’d seen, but it isn’t. FDotD 15151 Brunswick sold a year ago [...]

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8789 Goldstone Lane Redding 96001 4/3.5 Pool $348,900

August 25, 2010

Here’s a somewhat contemporary looking home in the very desirable Ranchland Acres neighborhood. We recall it when it last sold in 2005 for $565K, and back then it was quite nice. Looks like it could be very nice again. Representing the bank/seller on this foreclosed West Redding area home is Jason Davis of Re/Max. He [...]

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1200 Grange Redding 96001 Start your own village $94,425

August 24, 2010

We mention the village idea since you could buy these 3 bank-owned units PLUS the 3 adjacent bank-owned units, and have a total of 6 rental units for under $200K. It takes a village sometimes. Now you can start your own. They are in two separate listings. Here is a link to both these bank-owned [...]

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5888 Jonella Way Redding 96003 Pebbletec pool $174,900

August 23, 2010

Today’s FDotD is in a nice neighborhood. The single supplied photo has a thumbprint or something where the garage is, but you get the idea. Built in 1992, this 1536 sq ft 3/2.5 seems to have last sold in 2003 for $259K. And back then it was listed as 1800 sq ft. Interesting. Well, anyway [...]

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3851 Craftsman Ave Shasta Lake City 96019 ’05 3/2 $147,500

August 22, 2010

Hey, check out the kitchen on this… wait a minute. Who took the kitchen? Well, as we agents euphemistically like to say, “There’s still time to pick your cabinets.” And toilets too, we note. Here’s another useful agent-speak phrase, “It has good bones.” And by gosh, you can see those bones better without pesky bathroom [...]

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