NOT LISTED FOR SALE

1042 W 5th St Corona, CA 92882

Central Corona Neighborhood

Estimated Value: $622,000 - $675,000

3 Beds
2 Baths
1,000 Sq Ft
$648/Sq Ft Est. Value

Last Sold May 28, 2021

Last sale price $530,000 $530 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $3,916/month

64 Days on Market

Highlights

  • Parking available for a boat
  • Gated Parking
  • Maid or Guest Quarters
  • Detached Guest House
  • Updated Kitchen
  • Contemporary Architecture

About This Home

As of May 2021

***TWO ON A LOT ? *** GREAT POTENTIAL FOR ADU MULTI FAMILY OR HOME OFFICE*** FRONT HOUSE IS A REMODELED TWO BEDROOM ONE BATHROOM AND LARGE LAUNDRY ROOM.RECENTLY REMODELED AND UPGRADED KITCHEN CABINETS,STAINLESS APPLIANCES,DUAL PANE WINDOWS AND FLOORING. THE DETACHED SECOND UNIT WHICH IS APROX 30 X 40 ALSO HAS A SLEEPING AREA WITH WALL HEAT,BATHROOM,WORK SHOP, UPSTAIRS STORAGE AND TWO CAR GARAGE AREA.ALLEY ACCESS AND CONCRETE PARKING AREA.WALKING DISTANCE TO SHOPPING,SCHOOLS AND RAPID TRANSIT.

Last Agent to Sell the Property

Ed Garland

Century 21 Garland License #00592455 Listed on: 03/08/2021

Century 21 Garland

Last Buyer's Agent

Silvia Felts

Berkshire Hathaway HomeServices California Properties License #01447679

Berkshire Hathaway HomeServices California Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,303

Year Built

  • Built in 1945 | Remodeled

Lot Details

  • 7,841 Sq Ft Lot
  • Property fronts an alley
  • Chain Link Fence
  • Property is zoned R2

Parking

  • 3 Car Garage
  • Parking Available
  • Workshop in Garage
  • Rear-Facing Garage
  • Driveway
  • Gated Parking
  • Guest Parking
  • Parking available for a boat
  • RV Garage

Home Design

  • Contemporary Architecture
  • Composition Roof

Interior Spaces

  • 1,000 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Living Room
  • Bonus Room
  • Workshop
  • Storage
  • Laundry Room
  • Attic

Kitchen

  • Updated Kitchen
  • Eat-In Kitchen
  • Gas Oven
  • Gas Cooktop
  • Microwave

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • Maid or Guest Quarters
  • Bathtub with Shower
  • Walk-in Shower

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Concrete Porch or Patio
  • Exterior Lighting
  • Separate Outdoor Workshop

Additional Homes

  • Two Homes on a Lot
  • Detached Guest House

Location

  • Property is near public transit

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Gas Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 27
  • Tax Tract Number 4141
  • Assessor Parcel Number 118203005

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,303

Year Built

Built in 1945 | Remodeled

Lot Details

0

Parking

3

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Alley Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: No
  • Zoning: R2
  • Architectural Style: Contemporary
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 118203005
  • Year Built: 1945
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1000.00 Square Feet
  • Interior Amenities: Ceiling Fan(s), Storage
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Full Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 3
  • Eating Area: Area
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 530.00
  • Room Type: All Bedrooms Down, Attic, Bonus Room, Guest/Maid's Quarters, Kitchen, Laundry, Living Room, Workshop
  • Bathroom Features: Shower, Shower In Tub
  • Room Kitchen Features: Remodeled Kitchen

Exterior Features

  • Patio: Yes
  • Other Structures: Guest House Detached, Two On A Lot, Workshop
  • Fence: Yes
  • Fencing: Chain Link
  • Patio And Porch Features: Concrete
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Boat, Driveway, Concrete, Garage Faces Rear, Gated, Guest, Oversized, RV Access/Parking, RV Garage, RV Gated, Workshop in Garage
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven, Gas Cooktop, Gas Water Heater, Microwave
  • Heating Type: Wall Furnace
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999, Near Public Transit
  • Lot Size Sq Ft: 7841.00
  • Lot Size Acres: 0.1800

Multi Family

  • Lease Considered: No
  • Lot Size Area: 7841.0000 Square Feet
  • Number Of Units Total: 2

Tax Info

  • Tax Census Tract: 417.04
  • Tax Lot: 27
  • Tax Tract Number: 004141

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 8, 2021
Closed on
Apr 28, 2021
Sold by
Garland Realty Inc
Bought by
Rezai Jafar and Beheshti Mahvash
Seller's Agent
Ed Garland
Century 21 Garland
Buyer's Agent
Silvia Felts
Berkshire Hathaway HomeServices California Properties
List Price
$559,000
Sold Price
$530,000
Premium/Discount to List
-$29,000
-5.19%
Current Estimated Value
$647,870

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$117,870
Avg. Annual Appreciation
4.65%
Original Mortgage
$498,750
Outstanding Balance
$451,285
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$196,585

Purchase Details

Closed on
May 5, 1995
Sold by
Kemp Nikki S
Bought by
Kemp James W

Purchase Details

Closed on
Apr 20, 1995
Sold by
Kemp James W
Bought by
Garland Realty Inc

Purchase Details

Closed on
Dec 13, 1994
Sold by
Garland Edward and Garland Sandi
Bought by
Kemp James W
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Rezai Jafar $530,000 Ticor Title Riverside
Kemp James W -- --
Garland Realty Inc $88,000 --
Kemp James W $500 Continental Lawyers Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rezai Jafar $498,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/28/2021 05/28/21 Sold $530,000 -5.2% $530 / Sq Ft
05/11/2021 05/11/21 Pending -- -- --
04/08/2021 04/08/21 Price Changed $559,000 -3.6% $559 / Sq Ft
03/22/2021 03/22/21 Price Changed $580,000 +3.8% $580 / Sq Ft
03/08/2021 03/08/21 For Sale $559,000 -- $559 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $6,303 $573,686 $142,879 $430,807
2023 $6,303 $551,411 $137,332 $414,079
2022 $6,104 $540,600 $134,640 $405,960
2021 $1,587 $136,520 $69,815 $66,705
2020 $1,570 $135,122 $69,100 $66,022
2019 $1,535 $132,474 $67,746 $64,728
2018 $1,502 $129,877 $66,418 $63,459
2017 $1,397 $121,110 $65,116 $55,994
2016 $1,452 $124,836 $63,840 $60,996
2015 $1,421 $122,963 $62,882 $60,081
2014 $1,372 $120,556 $61,651 $58,905
Source: Public Records

Agents Affiliated with this Home

  • Ed Garland

    Seller's Agent in 2021

    Ed Garland

    Century 21 Garland

    (951) 315-8493

    51 in this area

    97 Total Sales

    Ed Garland
    Section Image

  • S

    Buyer's Agent in 2021

    Silvia Felts

    Berkshire Hathaway HomeServices California Properties

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IG21044048

California Regional Multiple Listing Service (CRMLS)

APN: 118-203-005

California Riverside County Corona 92882 Central Corona

1042 W 5th St, Corona, CA

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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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