1672 Lake, Redding, CA 96003
1672 Lake, Redding, CA 96003
Property Description
Investor opportunity in Redding. 3-bedroom, 1-bath, 1,044 sq ft residence with attached 1-car garage, laundry, and bonus room, plus attached 300 sq ft JADU (Junior ADU). Front parcel of a seller-completed lot split, approximately 14,800 sq ft on Lake Blvd frontage. RM-6 zoning. Renovation project underway. New roof installed. Kitchen cabinets on-site, not yet installed. Property cleaned out, eviction handled, possession delivered. Building permit application in active plan check with the City of Redding — buyer to complete final plan revisions and inherit all plans, correspondence, and consultant work product to date. Priced for the investor or contractor buyer ready to finish the plan check and complete the renovation. Seller will complete the parcel map process pre-close. Back parcel retained by seller. Full 1.02-acre property, ADU sq ft approximate, buyer to verify. Property falls within the Gateway Unified School District; assigned high school is Central Valley High School.
Features & Amenities
Property Details
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Current Rates
Comparative Market Analysis
Affordable Tier · 5 active · 3 closed
Redding · Single Family Residence
Listed 43.1% below the median closed sale of $350,000. Price per sqft ($155) is a 37% discount to closed comps ($245). Closed comps sold at 101% of list — strong seller's market.
Price Position
Priced below the market — value advantage over the field.
Active Properties (5)
Active Comparables
| Address | City | Year | BD | BTH | SqFt | LotSz | LP/SqFt | LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|
| 1448 Mistletoe lane | Redding | 1960 | 3 | 2 | 1,196 | 14,810 | $376 | $450,000 | 71 | 85 |
| 2634 Lanning | Redding | 1950 | 2 | 1 | 988 | 11,326 | $303 | $299,000 | 41 | 78 |
| 2361 Wilsey Drive | Redding | 1949 | 3 | 2 | 1,510 | 10,019 | $215 | $325,000 | 130 | 78 |
| 3518 West | Redding | 1979 | 3 | 2 | 1,352 | 7,405 | $218 | $295,000 | 105 | 77 |
| 2636 Avola | Redding | 1978 | 3 | 2 | 1,444 | 6,970 | $256 | $369,900 | 51 | 76 |
| Total: 5 · Average | 2.8 | 1.8 | 1,298 | 10,106 | $273.6 | $347,780 | 79.6 | |||
| Median | 1,352 | $325,000 | ||||||||
Closed Properties (3)
Closed Comparables
| Address | City | Year | Date | BD | BTH | SqFt | LotSz | LP | SP | SP/SqFt | SP/LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2048 Wilder | Redding | 1960 | 08/07/2026 | 3 | 2 | 1,296 | 6,970 | $215,500 | $215,500 | $166 | 1.00 | 64 | 86 |
| 1045 Jaxon Way | Redding | 1983 | 09/30/2026 | 3 | 2 | 1,188 | 13,939 | $340,000 | $350,000 | $295 | 1.03 | 32 | 78 |
| 1162 Willis Street | Redding | 1929 | 09/22/2026 | 3 | 2 | 1,568 | 10,454 | $429,000 | $429,000 | $274 | 1.00 | 51 | 71 |
| Total: 3 · Average | 3.0 | 2.0 | 1,350.667 | 10,454.333 | $331,500 | $331,500 | $245 | — | 49 | ||||
| Median | 1,296 | $350,000 | $350,000 | ||||||||||
Market Analysis
List vs Sale $/SqFt
Sale Price Trend
Days on Market
Sale vs List Price
This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.