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2642 Reservoir Lane

2642 Reservoir Lane, Redding, CA 96002
Property in Reservoir
Sold Jun 30, 2023
$205,000
$168,000 by Tri Counties Bank
Mortgage Due Jul 01, 2053
Sold Nov 07, 2003
$96,000
$76,800 by Indymac Bank Fsb
Mortgage Due Dec 01, 2033
Local assessors in Redding, CA have categorized 2642 Reservoir Lane as a residential type of property. The home was built in 1953 and is 71 years old. The property's lot size has been calculated to be 6,078 square feet. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 2 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there is one full bathroom. There is also a partial bathroom. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 2642 Reservoir Lane has a total of 864 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home sources its water from a municipal system. For water disposal, homeowners who don't want the additional responsibilities of handling a septic tank will be happy to learn that the home is connected to a municipal sewage system. Though, they may have to pay additional fees to have their wastewater disposed. Additional features on the property are as follows. There is a attached garage for those who need a place to park their vehicle. There is only one available parking space, so if you need more, you may need to find some alternatives. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - E-. The property was last sold in Jun 22, 2023 for $205,000. That's $237.27 per sqft. Prior to that sales transaction, the property was also sold in Nov 3, 2003 for $96,000. 2642 Reservoir Lane was last assessed in 2023. The total value of the property was assessed at $131,172. Specifically, the land the property is located on was valued at $47,821. While improvements on the property were assessed at a total of $83,351. The total assessed value for this property is more than the total market value as of this moment. Which is pretty atypical. The total amount of taxes due from a property owner is $1,483. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly! Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1953
  • Effective Year Built: 1953
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Quality: E-
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 6,078
  • Total Building Area: 864
  • Gross Building Area: 864
  • Building Area: 864
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 864
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Land Acres: 0.14
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Single family residential

Ownership

  • Current Owner : STEPHENSON COLE LEE
  • Previous Owner : DANIELS KATHLEEN S
  • Owner Before Previous Owner: DUNCAN DANIEL S
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Single/unmarried man

Neighborhood

  • School District Name: Enterprise Elementary School District
  • Census Tract: 011300

Geography

  • Account Number: 067470002000
  • Parcel: 067-470-002-000
  • Latitude: 40.5688
  • Longitude: -122.346

    Address

  • Full Address: 2642 Reservoir Ln
  • Address - House Number: 2642
  • Address - Street Name: Reservoir
  • Address - Suffix Type: Ln
  • State: CA
  • City Name: Redding
  • Carrier Code: C044
  • 4-Digit Zip Code: 1209
  • Zip Code: 96002

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,483
  • Tax Rate Code Area: 001002

    Appraisal Valuation

  • Standard Deviation: 0.2396
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 66
  • Final Value: 237,670
  • High Value: 294,632
  • Low Value: 180,709

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $197,000
  • First Open Lien Mortgage Lender: TRI COUNTIES BANK
  • First Open Lien Mortgage Recording Date: Jun 30, 2023
  • First Open Lien Mortgage Loan Amount: $168,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2053
  • Second Open Lien Mortgage Recording Date: Jun 30, 2023
  • Second Open Lien Mortgage Loan Amount: $29,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Due Date: Jul 01, 2053

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $131,172
  • Assessed Land Value: $47,821
  • Assessed Improvements Value: $83,351

    Sales

  • Current Sale Contract Date: Jun 22, 2023
  • Current Sale Recording Date: Jun 30, 2023
  • Current Sale Transaction ID: 11909408203
  • Current Sale Price: $205,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 13881
  • Previous Sale Recording Date: Nov 07, 2003
  • Previous Sale Contract Date: Nov 03, 2003
  • Previous Sale Amount: $96,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: TRI COUNTIES BANK
  • First Mortgage Transaction Date: Jun 30, 2023
  • First Mortgage Loan Amount: $168,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2053
  • Second Mortgage Transaction Date: Jun 30, 2023
  • Second Mortgage Loan Amount: $29,000
  • Second Mortgage Terms: 5
  • Second Mortgage Loan Due Date: Jul 01, 2028

    Previous Mortgages

  • Previous Mortgage Lender: INDYMAC BANK FSB
  • Previous Mortgage Transaction Date: Nov 07, 2003
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $76,800
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Dec 01, 2033

About Enterprise



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Frequently Asked Questions

What neighborhood is 2642 Reservoir Lane located in?
The 2642 Reservoir Lane is a located in the neighborhood of Reservoir in Enterprise, Redding.
What is the average sales price for listings in 2642 Reservoir Lane?
The average sales price for units in 2642 Reservoir Lane is $0 currently.

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