FDotD

This home sold for $225K back in ‘06, so you can get it for half that. It looked much cuter then, but it doesn’t look like it would take too much work to get it back to nice looking again. This is a fairly busy street by Redding standards, so that should be noted. Built in 1954, this home was remodeled prior to its last sale. It is listed in tax records as a 3/1, so that will be worth a little further investigation. IT’s a big lot and the soil down there is excellent river bottom, so gardeners take notice. Representing the interests of the institutional seller is foreclosure listing agent Freddie Martin of Real Estate 1, who writes this about it:

“BANK OWNED 3 bedroom, 2 bath with large, fenced yard and 2 car garage. Remodeled a few years ago with new cabinets, counte tops, appliances, fixtures, fans, doors, windows, garage door and opener. Covered patio in back.”

There’s a link to the MLS listing HERE. There are a few photos, some with spiderwebs.

Call (530) 244 7603 for a look inside

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Old timers will recall this building as it was for years the Top Rail Club. Back in the day, this club fought it out for customers with the more risque Lake Club just down the road, in the more rough and tumble times when rules and regulations in the Buckeye area were less inhibited, shall we say. Places to stop for cool ones on your way home from a day at Shasta Lake. Now the old Lake Club got shut down after it tried to re-open as a topless joint again, and became a single family residence. This property, the Top Rail became an ersatz biker bar, and then fell into several different incarnations and uses. Now it’s just another bank-owned property with a rich history, ready for a new life. Fancy owning your own club? Actually this building could be used for any number of things (in theory). It’s currently an unwanted Freddie Mac asset, meaning you already bought it as a taxpayer, but they’d like to be rid of it. Representing this GSE interest locally is foreclosure listing agent Kelly Gain Parker of Coldwell Banker C&C Properties, who writes this about it:

“Value in the land. The lot is zoned residential however the building is not a home. This will not qualify for any financing due to condition and building being a commercial building. There are 3 rooms and 1.5 bathrooms. The building does not have a kitchen, more of a break room. Nice large parcel.”

Is the value only in the land? Is there nobody willing to finance your nascent Nightclub dreams? Especially relevant, since the only way this fell into Freddie’s hands was that they OBVIOUSLY financed it once. We imagine Patrick Swayze, as we remember him in the movie Roadhouse, opening this juke joint and cleaning up the riff-raff. Could that be you? Would the county allow it at all? It’s mystery wrapped in an enigma, waiting for you to solve like the Da Vinci code, to mix movie metaphors. There’s a link to the MLS listing HERE.

Call (530) 244 7603 for a look.

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(Important update: Regular readers will recall a post from June 22 titled RANCHETTE ON ACID. That one was apparently pulled from the original listing agent and given to Re/Max 5 Star. Same price. This was a hot property and got a lot of interest at the first listing. You’ll want to act fast if you want this one. HERE is the new listing.)

As long as you’re here for the second time in one day, you’ll want to check out this bank owned home that just came up in the MLS today. It is a 3/3 built in 1979 on and acre and a half in the desirable hills just west of Redding. Plus it has a pool. Deal. We remember when this one was listed just last year for $595K. The new bank/seller is represented by foreclosure listing agent Carolyn Heaton of House of Realty, who writes this about it:

“This is a great property on the west side and appears to be in the Grant School Dist. While the house could use some TLC it is clean and is in move in condition. The garage conversion is not permitted and is not included in SQFT. SQFT is from public records. Pool is clean.”

There’s a link to the MLS listing HERE. There are a few photos.

Call us up and we can go explore it together. Looks safe to bring your swimsuit. No diving in from that second floor balcony! Not while we’re watching, anyway.

Call (530) 244 7603

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Yes, it’s a little house on (the) Prairie, having previously been vacated, presumably by Laura Ingalls Wilder and family, who probably moved to Manhattan with book and TV royalties. Now just another unwanted bank asset, it can be your Little House on (the) Prairie for under $100K. All stretched literary references aside, this one is not far down a dirt road off Airport Road, and it’s not in Redding, but it is close to Redding’s airport. And close to Anderson too. And close to the new Stillwater Business Park. The neighbors are nice. We sold a brand new home nearby to some very nice people last year. So it’s a real mixed area in unincorporated Shasta County. The good thing is the big lot. The soil is good there too. Level, big trees, great gardening. Generally good wells nearby. This one was just listed by Freddie Martin of Real Estate 1, who has this to say about it:

“Two bedroom, one bath, one car attached garage with shed on almost 1/2 acre on a country lane near shopping and schools. Needs TLC. Being sold ”AS IS”.”

“TLC” no doubt referring to “tote’n, lift’n, and clean’n” that characterizes life on (the) Prairie. There’s a link to the MLS listing HERE, but there is only one photo, and you’ve already seen it. Sometimes one photo is enough….

But if one photo is not enough for you, give us a call and we can meet you there in probably 15-20 minutes.

Call (530) 244 7603

Imagine how happy you’ll be in this little house on (the) Prairie!

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Today’s bank owned property has horse facilities, and is located up where it’s cool. Well, cooler, anyway. Plus it a has a creek with an ostensible swimming hole. Back in ‘05, this home sold for $420K, but times have changed, and you can now get it for a sizable discount from it’s new reluctant owner, Deutsche Bank. It’s listed now as a 1465 sq ft 3/2 by foreclosure listing agent Freddie Martin, representing the Frankfurt based bank’s interests for Real Estate 1. She has this to say about it:

“Bank-owned horse property on Oak Run Creek. View the creek from your patio and great room. House on one side of Beaver Road and horse facilities on the other side. Approximately 10 minutes to Palo Cedro. Great country home.”

10 minutes to Palo Cedro presumably by fast horse. There’s a link to the MLS listing HERE, where 6 appropriately sized photos stand ready to greet you.

Call (530) 244 7603 and we can meet you there, or we can take you out there, whatever you want. Just ask!

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Google maps couldn’t find it, but we can. Here’s Oak Run:

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Today’s bank owned featured home is in Tehama County southwest of Red Bluff. You can get this 40 acres for $6500 an acre, and they’ll throw in a real nice pool and spa, along with with a decent house. Try to find a deal like that anywhere else. Generally, that $260K would only buy an older subdivision house with a pool in the more suburban areas of Shasta and Tehama County. Tax records say it’s a 2600 sq ft 3/3 built in 1988. Of course, this property is out there a ways, but that’s the trade off. Or maybe that’s an advantage? This one is currently listed in the local MLS by foreclosure listing agent Ann Tijerina of Lassen View Realty, who writes this about it:

“Bank owned. Over 40 acres with 2 story custom home. Wood trim windows, 2 story open living room, upstairs loft library w/floor to ceiling shelves. Pool & spa. No landscaping but house is in good condition.”

There’s a link to the listing HERE. There’s a few photos, but the pool and spa are ‘REO green’. The house looks quite nice though.

Call us up and we can meet you there, or bring you out there.

Call 530 244 7603

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ALSO NOTE: We know of another bank owned home not far from this one, and it’s on 22 acres. The house is really a LOT nicer though. One of the nicest we’ve seen. HERE’s a link to that one. It’s listed for $465K. The house is simply stunning in person, and we are not easily stunned these days. There are several photos, but none do it justice. Worth a look in person.

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Sometimes it’s a cul-de-sac, and other times it’s a Dead End Street. You don’t have to be told which is which, usually you just know. This bank-owned home was just listed in our MLS. It’s listed as a 2/3 of 1277 sq ft, built in 1979. Representing the institutional seller’s interests on this property is foreclosure listing broker Diane Abair of Bear’s Den Realty, who writes this description:

“This home is located on a dead end street. With in walking distance to Central Valley High. Listing agent has not verified sq feet, buyers to verify all information to their satisfaction.”

Unverified square feet, and walking to Central Valley High, an interesting juxtaposition of imagery. As regards the size of the house, available tax records indicate it is a 960 sq ft 2/1 built in 1979 with one fireplace. We’d be happy to help you measure it yourself to end any confusion about that. We’ll even give you the measuring tape, just for asking.

Your very own buyer verification tool, free for the asking.

Call 530 244 7603 to see this or any other listed home.

HERE is a link to the listing on the MLS, along with another on La Mesa that is just dirt.

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Love to fish, but too lazy to actually leave your house? Where else in California can you find a waterfront home built in 2002 for under $175K? Nowhere but here. It’s 3/2 0f 1240 sq ft on .25 acre, according to the listing. Today’s FDotD is in Lake California, which longtime readers are familiar with, but if you are not there’s a link to their snazzy website HERE. It’s a large gated community halfway between Red Bluff and Redding on the Sacramento River. For most people a it’s a love/hate kind of place. Either you love it or hate it. There’s only one way to find out. This bank-owned property is listed by foreclosure listing broker Diane Abair of Bear’s Den Realty. She says:

“Home on the Water!!! Tiled flooring and vaulted ceilings, wallpaper, and crown molding.”

Of course you know already from the photo, that technically the home is next to the water, not on it. And it’s not often that we’ve heard foreclosure listing agents brag that their home has wallpaper either, but hey, you see something new every day in real estate. The photos of this house seem to be the size of postage stamps, but there’s a link to the listing HERE, along with some others on Sloop ranging from $68K for dirt, to $396K for a 3/2 1442 sq ft house, ironically described as having lots of “ELBOW ROOM,” which we suppose depends on the size of your elbows.

Call (530) 244 7603 to view this home

There’s actually no way to get into the community for a look without an agent accompanying you, but we’re always happy to meet you out there or take you out there, whatever you like. No obligation.

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Lake California was a tough area for sales for a while, but it seems to have made a quite a comeback lately. There are now only 50 homes listed for sale out there, which is way down, less than half from the peak of last year’s daily inventory. HERE is a link to the list. Looks like people are beginning to to pick up the deals out in Lake California. Could be you?

We publish a look at monthly inventory trends along with our e-mail newsletter. You can view our latest local market statistics HERE. If you’d like to be getting our occasional e-mail newsletter, you can do that HERE. We hate spammers, and we make it easy to unsubscribe if you don’t want it.

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Our featured bank-owned home for sale today is a Garden Tract cutey with charm and style. The 50’s era diminutive 753 sq ft floorplan reflects a human scale now suddenly in vogue again. Every piece you put in this home will have SO much more significance than stuff scattered in some sprawling ranch home. What things will you choose, and what will you leave out? This home will be a clear icon to its owner. It will speak about you in ways that words fail.

Right now it speaks only that it’s bank-owned and ready to go on to a new era. The bank/seller is here represented by foreclosure listing agent John Westphal of Real Estate 1, who describes it with this utilitarian prose:

“Great starter or investment home. 2 Bedrooms, 1 Bath, Updated Living Room with Fireplace and Skylights, Detached 1 Car Garage. Close to schools and shopping.”

Starter home indeed. It starts your thinking. Starts your creative processes. Starts your imagination. It’s an investment in you. There’s a link to the listing HERE with several ridiculously charming photos.

But as we always say, while photos speak a thousand words, your actual physical presence will allow this home to speak to you in epic volumes.

Call (530) 244 7603 and we’ll meet you there.

Very likely you can buy this house right now for less than you could rent it. Let us show you how that might be. And on top of that, if you haven’t owned a home yourself in the last 3 years, the feds might pay you $8000 for buying it. Amazing.

Did you know that there are still traces of discrimination in the CC&Rs (Codes Covenants and Restrictions) of some Redding neighborhoods? This may be one of them. It seems that in less enlightened days, residents of the Garden Tract were choosy about their neighbors in ways we would never tolerate today. The onions hated the carrots, the corn lorded it over the lowly peppers. And the beans, well, let’s just say the real Garden Tract gardeners didn’t associate with their type. That was then. Now housing discrimination is all illegal, except when directed against terrorist gophers. Death to gophers!

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“Honey? You smell smoke?” Today’s FDotD is a ranch style home on a half acre or so with an inground gunite (cement/plaster) swimming pool. It was built in 1975, and is a 3/2 of approximately 1655 sq ft. From the photos it would seem to have endured a bit of a flame issue. Mostly, if not all, in the attic/crawlspace area. From appearances, the fire didn’t get truly out of control, but we’re no experts. We tend to avoid flame. Aside from that tiny little detail, it’s a good sized home on a big lot, with a (presumably) lovely pool. A big ol’ pool, and that rhymes with cool, and cool is what you’ll be if you buy this house. But first, it’ll take some work.

So what to do? Well, here’s a good idea. The feds sponsor this 203K loan via FHA that will allow you to get a licensed contractor in there to bid the repair. Then you add that projected repair cost onto the loan amount that you decide to pay for this house and voila, a solution to this problem. If it’s under $35K in repairs, you can even get a “streamlined 203K” loan, which is a fast fast fast 30-45 days to close, or so we are assured by loan officer Oscar Acosta, of Mission Hills Mortgage Bank (530) 781 1762, who also provides us this informational page about the 203K loan.

Meanwhile this one’s up for grabs, and the institutional seller’s interests are locally represented by foreclosure listing broker Diane Abair of Bear’s Den Realty, and she has this to say about it:

“Contractor special or rehab loan, Home has had a fire inside. Wooded Acres home on the bluff side of Tucker lane. This property has RV parking and Inground gunite pool.”

Call 530 244 7603 to schedule a look inside.

Bring your contractor buddy along and kill two birds with one stone. Here’s a link to the MLS for those several photos of damage.

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This one’s not actually in Redding, but instead is in the unincorporated Shasta County area most commonly referred to as the Churn Creek Bottom. Or really, the edge of the Bottom, if that makes any sense.

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