20387 Penny Lane Redding 96003 ’08 2,431sqft 4/2.5 on 4.5ac $270,000

by Skip@FDotD on January 11, 2012

closeThis post was published 4 months 9 days ago, which may mean this home is not for sale anymore. You can always call to check current availability. FDotD or The Address Realty is not responsible for any misunderstanding. It should be pretty clear.

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Already 5 offers in on this one, we’re told. And here it just listed. Perhaps there’s still time to get your offer in, if you hurry. Interestingly, we see this Shasta County parcel sold for $255K in 2007, when there was only a doublewide mobile on it. It’s like getting this cool house for free.

“Newer home on 4.5 beautiful acres! This 4 bd/2.5 ba home features granite counter tops,tile floors & stainless steel appliances. Fam rm showcases a brick fireplace.There is no garage but plenty of room to build your own dream garage/workshop.Home is located down a country lane but is conveniently close to the amenities of Redding.Age, acreage,sq ftg taken from assessor info-buyer to verify.”

So writes foreclosure listing agent Kelly Gain Parker of Coldwell Banker. What does it mean when a property hits the market and has 5 offers in one day? Well, we’ll see. If it were my listing, I might think I priced it too low. Certainly if it were my house, I’d want to wait a while on the MLS to see what sort of offers come in after for at least a weekend cycle or two. Or perhaps it’s the seller’s intention to bid it up in a buying frenzy. Although that strategy seems risky in this market, we’ve seen it done lately. In any event, this looks like a hot one. Care to see it?

Call or Text (530) 255 4070

We don’t know everything about what motivates banks to price homes the way they do, but we know a lot about local real estate. We are grateful for your continued support of FDotD. Thanks!

 

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