There was a huge increase in the number of sold waterfront and riverfront properties in the North State in 2010! In 2009, there was a total of 5 of these properties sold in the entire year. But we ended the year 2010 with 57 waterfront properties sold here in Shasta County! Certainly foreclosures and short sales had a significant hand in the prices finally coming down to a level where buyers were willing to buy, but many of the prices (see below) were still quite respectable, particularly in comparison to the non-waterfront market. It will be fascinating to see what 2011 brings us. Read on for a breakdown of last year’s waterfront sales:
These include a wide range of properties from off-the-grid rustic to luxurious in-town estates. Below are the sales records of each property, along with their original list prices and dates. The fact that they’re selling are encouraging, but many of them are selling at prices that are less than half of their original list prices. Those that sell within the range of the original asking price were modestly priced to begin with. Buyers continue to be very cautious with their funds, but are ready to strike when the price gets to the right level.
Over $500,000
The highest sale went to a 280 acre Ranch in Igo that featured a 3,780 square foot luxury main home with breathtaking views, large shop and guest quarters, Hay Barn, horse and cattle facilities, 1 mile of river frontage, wind turbines, broadband wireless internet. The property was originally listed on April 19, 2010 at $1,459,000, and closed escrow on August 11, 2010 at $1,325,000.
Also, a beautiful 5,000 square foot luxury home in Redding with superior Sacramento River frontage. This property was first listed May 29, 2009 at $1,200,000. Relisted as a foreclosed property, it closed escrow on April 26, 2010 at a price of $855,000. Interestingly, it went back on the market almost immediately at a list price of $1,295,000, and was subsequently taken off the market three months later in July.
Next was another high-end property in the city of Redding, a recently built Mediterranean style 3,300 square foot beauty with in-your-face river frontage. Originally listed at $795,000 in August of 2010, it sold for $725,000 in December, 2010.
Over in Palo Cedro on North Cow Creek we saw the sale of a 4,145 square foot luxury home on 9.4 acres. Originally listed at $995,000 in April of 2009, it sold at $739,950 in November of 2010.
Another property that finally sold after a long and painful listing was a lovely, brand new 3,600 square foot Spanish-style home in South Redding with fabulous river frontage. Originally listed at $1,390,000 in July of 2008, it finally sold in April of 2010 at $650,000 – less than 50% of its originally asking price.
Back in Palo Cedro was a short sale of great little horse ranch with a 5-stall barn, 3,200 square foot home on 9.6 lovely acres that fronted Cow Creek. Originally listed at $789,000 in March of 2010, it sold for $536,000 in November, 2010.
In South Redding, another property sold quite quickly without seeing as big a price compromise as many expected – a welcome indicator that our precious waterfront properties are holding their premium values (although still not at the levels the owners would like!) This 2,700 square foot home built in 1972 was well maintained, but not in the ‘luxury’ category of the homes mentioned above. Yet it sold for $537,000 in July, 2010, just 4 months and just 10% below it’s original list price of $600,000 in April, 2010.
Over to the west in the secluded mountains in Hyampom, a 200-acre hunting property sold for $555,000 in April. Originally listed in October 2009 at $595,000 this property has over a mile of very private frontage on the south fork of the Trinity river.
Another quick sale went to a 2,700 square foot renovation on 12 acres on Cow Creek. Listed at $549,950 in June of 2010, it closed escrow a scant two months later, in August, at $510,000.
Perhaps one of the most dramatic differences between original list price and final sale price was a 2,600 square foot renovation on 1.9 acres in Anderson. This property was originally listed at $1,575,000 in August of 2008, and finally sold, as a short sale, in July of 2010 at $500,000.
Below $500,000:
Shingletown: 3,500 sq. ft. on 19 acres: $465,000
Cottonwood: 4,400 sq. ft. on 15 acres on Cottonwood Creek: $465,000
Cottonwood: 149 acre ranch on Cottonwood Creek: $450,000
Palo Cedro: 3,000 sq. ft. on 10 acres on Cow Creek: $481,050
Redding: 4,000 sq. ft. on 0.7 acres on Sacramento River: $425,000
Anderson: 1,446 sq. ft. remodel <1/4 acre on Sacramento River: $405,000
Anderson: 2,000 sq. ft. renovation on 3/4 acre on Sacramento River: $439,900
Cottonwood: 3,000 sq. ft. on 11 acres on Pond: $400,000
Lewiston: 1,947 sq. ft. on 41 acres on Hoadley Creek: $420,000
Anderson: 3,350 sq. ft. renovation on 1/2 acre on Sacramento River: $387,000
Hayfork: 1,800 sq. ft. on 57 acres on Hayfork Creek: $305,000
Redding: 1,458 sq. ft. on 1/2 acre on Sacramento River: $355,000
Redding: 1,975 sq. ft. on 1/3 acre on Sacramento River: $322,000
Junction City: 2,056 sq. ft. on 12 acres on Trinity River: $378,800
Fall River Mills: 1,590 sq. ft. on 1 acre on Fall River: $355,737
Shingletown: 1,648 sq. ft. on 4.25 acres on Manzanita Creek: $330,000
Redding: 2,885 sq. ft. on 7.6 acres on Churn Creek: $375,000
Palo Cedro: 2,245 sq. ft. on 2 acres on Cow Creek: $332,500
Millville: 3,447 sq. ft. on 5 acres on Cow Creek: $335,000
Anderson: 1,827 sq. ft. on 1/3 acre on Sacramento River: $290,000
Hayfork: 1,600 sq. ft. on 6.8 acres on creek: $275,000
Palo Cedro: 2,150 sq. ft. on 1.8 acres on Cow Creek: $284,000
Lake California: 1,983 sq. ft. on <1/4 acre on Lake California
Redding: 1,124 sq. ft. on 1 acre on finger of Sacramento River: $265,000
Redding: 1,361 sq. ft. on 1.7 acres on Sacramento River: $285,000
Lake California: 2,058 sq. ft. on <1/4 acre on Sacramento River: $265,000
French Gulch: 740 sq. ft. on 32 acres on Clear Creek: $210,000
Millville: 2,475 sq. ft. on 12 acres on Cow Creek: $225,000
Lake California: 1,586 sq. ft. on <1/4 acre on Lake California: $196,000
Shingletown: 1,782 sq. ft. on 1 acre on Battle Creek: $206,458
Lake California: 1,586 sq. ft. on <1/4 acre on Lake California: $202,500
Oak Run: 2,080 sq. ft. on 2.89 acres on Mill Creek: $183,000
French Gulch: 3,076 sq. ft. on 24 acres on Clear Creek: $165,000
Lake California: 1,518 sq. ft. on <1/4 acre on Lake California: $195,000
Bella Vista: 1,200 sq. ft. on 1 acre on Dry Creek: $195,000
Montgomery Creek: 1,305 sq. ft. on 1.3 acres on Montgomery Creek: $155,000
Round Mountain: 1,334 sq. ft. on 39.31 acres on Cedar Creek: $183,700
Lakehead: 932 sq. ft. on 40 acres on creek w/waterfalls: $179,900
Shingletown: 1,645 sq. ft. on 3.2 acres on Smith Creek: $155,000
Lake California: 1,417 sq. ft. on <1/4 acre on Lake California: $149,000
Hat Creek: 1,000 sq. ft. cabin on <1/4 acre on diversion out of Hat Creek: $110,000
French Gulch: 864 sq. ft. on 127 acres on Clear Creek: $127,500
Bella Vista: 1,428 sq. ft. on 9 acres on Little Cow Creek: $138,000
Fall River: 1,507 sq. ft. on 1.2 acres on Fall River: $100,000
Redding: 1,150 sq. ft. on 1 acre on Stillwater Creek: $125,000
Shingletown: 1,300 sq. ft. on 3.31 acres on Shingle Creek: $117,000
Shingletown: 200 sq. ft. on 5 acres on Deer Creek: $90,000
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Laura Baldwin Is a Realtor in Northern California Specializing in Riverfront Property laura@laurabaldwin.com 530-209-4363 www.ReddingRiverQueen.com
This one-of-a-kind home on over 39ac on spectacular year-round Cedar Creek with waterfalls out your back door, now available! Soaring 14′ wood ceilings and master ”loft”, with pine plank floors, and Jacuzzi tub in the master bedroom loft, makes it one of the most unique waterfront properties I have ever encountered. There is a detached 2 car garage, with a 40×24 shop, (perfect man-cave), extensive patios and panoramic views. Fantastic Skinny Dippers Paradise! This is truely retreat or retirement property – Go Fishing!! HOME SOLD AS-IS, because this is a bank owned property. It is listed for $225,000. 
In Shasta County, a total of approximately 1,500 acres went into escrow at a combined list price of $7,000,000. The parcels are part of the ‘Gover Ranch’ in Anderson.
When I first went to see this special property, I had been told that the pond had otters and beavers in it, so I was hoping I might get a glimpse of one before the end of my visit. Well, I had not yet gotten out of the car, when I glanced over and saw not one, not two, but three of those crazy river otters swimming in a big circle and providing great entertainment for all of us human observers!
