$29,335*
●
Land -
Off Market
350 Gilmore Road #48
Red Bluff, CA 96080
Studio
0 Bath
$20,000 - $30,000
Reference Base Price*
-0.56%
Since Sep 1, 2023
National-US
Primary Model
About This Property
Lot 48 in River Oaks Community is one of only a few lots left in
this community and is ready for your new home. This 55+ community
location is close to downtown Red Bluff, restaurants, services and
the State Theater. Easy access to Interstate 5. Amenities include
pool, clubhouse, water/sewer. RV parking is available on a first
come-first serve basis. Grounds are very well maintained. NO SPACE
RENT makes this extremely affordable as you own the land instead of
paying space rent. Monthly park fee pays for common areas, club
house and pool, mailboxes and water/sewer for the unit
($98.00/month). **Ask about the Seller Financing package that the
Seller is offering.
Unit Size
-
Days on Market
-
Land Size
0.10 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
1980
Payment Calculator
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Cap Rate Calculator
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Monthly Rental Income
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 15, 2023 | No longer available | - | |
| No longer available | |||
| Jul 18, 2023 | Relisted | $29,500 | |
| Relisted | |||
| Apr 2, 2023 | No longer available | - | |
| No longer available | |||
| Oct 21, 2022 | Price Increased |
$29,500
↑ $6K
(22.9%) | |
| Price Increased | |||
| Jun 16, 2022 | Listed | $24,000 | |
| Listed | |||
Property Highlights
Building Details
New Construction
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
09/12/2024
|
3 Bed
|
2 Bath
|
-
|
$195,000
3 Bed
2 Bath
|
$185,000
-5.13%
02/18/2025
|
Luis Saavedra
Coldwell Banker C & C Properties - Red Bluff
| |
|
10/12/2022
| |
2 Bed
|
2 Bath
|
1344 ft²
|
$180,000
2 Bed
2 Bath
1344 ft²
|
-
-
|
Elizabeth Gonzalez
Sequoia Real Estate
|
|
11/06/2023
|
3 Bed
|
2 Bath
|
1352 ft²
|
$175,000
3 Bed
2 Bath
1352 ft²
|
-
-
|
Ben Gipson
Gipson Realty, Inc.
| |
|
11/03/2023
|
Loft
|
-
|
-
|
$25,000
Loft
-
|
-
-
|
Lesli Winstead
Coldwell Banker C & C Properties - Red Bluff
| |
|
07/17/2023
|
2 Bed
|
2 Bath
|
960 ft²
|
$185,000
2 Bed
2 Bath
960 ft²
|
-
-
|
Ben Gipson
Gipson Realty, Inc.
| |
|
06/16/2022
|
Loft
|
-
|
-
|
$24,000
Loft
-
|
-
-
|
Elizabeth Gonzalez
Sequoia Real Estate
| |
|
05/11/2022
|
2 Bed
|
2 Bath
|
1440 ft²
|
$185,000
2 Bed
2 Bath
1440 ft²
|
-
-
|
Debbie Coffman
Coldwell Banker C & C Properties - Red Bluff
| |
|
04/08/2022
| |
2 Bed
|
2 Bath
|
1344 ft²
|
$199,000
2 Bed
2 Bath
1344 ft²
|
-
-
|
Elizabeth Gonzalez
Sequoia Real Estate
|
|
02/04/2022
|
Loft
|
-
|
-
|
$23,000
Loft
-
|
-
-
|
Elizabeth Gonzalez
Sequoia Real Estate
| |
|
09/08/2021
|
3 Bed
|
2 Bath
|
1582 ft²
|
$199,000
3 Bed
2 Bath
1582 ft²
|
$199,000
11/12/2021
|
Lee McLeod
Coldwell Banker C & C Properties - Red Bluff
| |
|
08/04/2021
| |
2 Bed
|
2 Bath
|
1128 ft²
|
$179,000
2 Bed
2 Bath
1128 ft²
|
-
-
|
Tyler Miranda
Re/Max Top Properties
|
|
03/16/2021
|
3 Bed
|
2 Bath
|
1104 ft²
|
$168,000
3 Bed
2 Bath
1104 ft²
|
$168,000
05/13/2021
|
Lee McLeod
| |
|
03/04/2021
|
Loft
|
-
|
-
|
$23,500
Loft
-
|
-
-
|
Seth Warfield
Coldwell Banker C & C Properties - Red Bluff
| |
|
12/14/2019
| |
2 Bed
|
2 Bath
|
1248 ft²
|
$95,000
2 Bed
2 Bath
1248 ft²
|
-
-
|
-
|
|
08/13/2020
|
3 Bed
|
2 Bath
|
1440 ft²
|
$80,000
3 Bed
2 Bath
1440 ft²
|
-
-
|
-
| |
|
06/03/2019
| |
2 Bed
|
2 Bath
|
1640 ft²
|
$115,000
2 Bed
2 Bath
1640 ft²
|
-
-
|
-
|
|
02/07/2019
|
Studio
|
-
|
-
|
$19,900
Studio
-
|
-
-
|
-
| |
|
07/10/2018
| |
2 Bed
|
2 Bath
|
1640 ft²
|
$89,000
2 Bed
2 Bath
1640 ft²
|
-
09/12/2018
|
Shellie Johnson
Johnson Realty
|
|
09/07/2018
|
2 Bed
|
2 Bath
|
1440 ft²
|
$81,000
2 Bed
2 Bath
1440 ft²
|
$78,000
-3.70%
10/24/2018
|
Lee Ann Hunt
Re/Max Top Properties
| |
|
09/06/2018
|
2 Bed
|
2 Bath
|
1160 ft²
|
$87,500
2 Bed
2 Bath
1160 ft²
|
$79,000
-9.71%
11/26/2018
|
Lee Ann Hunt
Re/Max Top Properties
| |
|
07/30/2017
| |
3 Bed
|
2 Bath
|
1582 ft²
|
$100,000
3 Bed
2 Bath
1582 ft²
|
-
12/11/2017
|
CHRIS BAGSHAW
|
Building Info
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Phone: 425-283-2930
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