NOT LISTED FOR SALE

1111 Patterson Ave Corcoran, CA 93212

Estimated Value: $290,000 - $408,000

4 Beds
4 Baths
3,000 Sq Ft
$121/Sq Ft Est. Value

Last Sold April 22, 2021

Last sale price $270,000 $90 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $2,233/month

7 Days on Market

About This Home

As of April 2021

Come take a look at this Cash flow producing 4 plex in Corcoran! For under $270k!! 4 Units consist of 3 - 1bed/1bath units and 1 - 2bed/1bath unit. All 4 units remain rented year round. If you are looking for a cash cow this may be the one. Some units have had some remodel work done to them in the last few years. Please call today for more details!

Last Agent to Sell the Property

Lino Pimentel

LAP Enterprises Inc License #01051048 Listed on: 02/19/2021

Last Buyer's Agent

Frank Romine

The Equity Group License #01957844

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1948

Lot Details

  • 7,742 Sq Ft Lot

Home Design

  • Quadruplex
  • Composition Roof
  • Stucco Exterior

Interior Spaces

  • 3,000 Sq Ft Home
  • 1-Story Property
  • Stove

Parking

  • Carport
  • On-Street Parking

Utilities

  • Central Heating and Cooling System
  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window

Listing and Financial Details

  • Assessor Parcel Number 030062001000

Property Details

Home Type

Multi-Family

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Property Sub Type: Four Plex
  • Prop. Type: ResidentialIncome
  • Lot Size Acres: 0.1777
  • Directions: From Hwy 198/Hwy 43 go South on Hwy 43, left exit onto Otis Ave. then head South to Patterson Ave.
  • Building Stories: 1
  • Year Built: 1948
  • OFFICELIST_STATE: CALIFORNIA
  • ADU1 Kitchen Features:ADU1 Refrigerator: No
  • ADU2 Kitchen Features:ADU2 Refrigerator: No
  • ADU1 Kitchen Features:ADU1 Stove: Yes
  • Special Features: None
  • Stories: 1

Interior Features

  • Living Area: 3000.00
  • ResoLivingAreaSource: Estimated
  • Foreclosure: No
  • Broker Approved: Yes
  • Reciprocal Listing: N
  • U2Stove: Yes
  • U3Stove: Yes
  • U4Stove: Yes
  • U1WasherDryer: No
  • U2WasherDryer: No
  • U3WasherDryer: No
  • U4WasherDryer: No

Exterior Features

  • Pool Private: No
  • Roof: Composition
  • Exterior: Stucco
  • Price Per Acre: 1519414.74
  • Price Per Square Foot: 90.00

Garage/Parking

  • Parking Features: 1 Space Per Unit, Carport, Garage, Street Parking

Utilities

  • Cooling: Central, Wall/Window Unit
  • Heating: Central, Wall Heater
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Units in Building: Four

Lot Info

  • Lot Size Sq Ft: 7742.00
  • Parcel #: 030062001000
  • Zoning: Multifamily

Multi Family

  • Existing Lease Type: Net
  • Annual Gross Scheduled Income: No

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 19, 2021
Closed on
Apr 16, 2021
Sold by
Derian Artine B and Derian Pamela
Bought by
Alexander Shannon Shawn and Alexander Donna K
Seller's Agent
Lino Pimentel
LAP Enterprises Inc
Buyer's Agent
Frank Romine
The Equity Group, Inc.
List Price
$269,900
Sold Price
$270,000
Premium/Discount to List
$100
0.04%
Current Estimated Value
$363,614

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$93,614
Avg. Annual Appreciation
6.55%

Purchase Details

Closed on
Apr 4, 2019
Sold by
Ballestero Cobos and Ballestero Elsa
Bought by
Revoc Artine and Revoc Pamela

Purchase Details

Closed on
Mar 12, 2019
Sold by
Dreamspal Llc
Bought by
Cobos Raul and Cobos Elsa Ballestero

Purchase Details

Closed on
Dec 31, 2018
Sold by
Guptapal and Nirupam
Bought by
Dreamspal Llc

Purchase Details

Closed on
Jul 19, 2011
Sold by
Federal National Mortgage Association
Bought by
Guptapal Susmita and Pal Nirupam

Purchase Details

Closed on
Dec 10, 2010
Sold by
Grimm William A and Grimm Maryan
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Oct 8, 2004
Sold by
Miner Karl
Bought by
Grimm William A and Grimm Maryan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$171,000
Interest Rate
6.63%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Alexander Shannon Shawn $270,000 Chicago Title Company
Revoc Artine $220,000 First American Title
Cobos Raul $170,000 First American Title
Dreamspal Llc -- None Listed On Document
Guptapal Susmita $76,000 Stewart Title Of California
Federal National Mortgage Association $67,500 First American Title
Grimm William A $190,000 Stewart Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Grimm William A $171,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/22/2021 04/22/21 Sold $270,000 0.0% $90 / Sq Ft
02/26/2021 02/26/21 Pending -- -- --
02/19/2021 02/19/21 For Sale $269,900 -- $90 / Sq Ft
Source: Kings County Board of REALTORS®

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 $4,012 $386,425 $64,945 $321,480
2023 $4,012 $371,422 $62,424 $308,998
2022 $3,882 $364,140 $61,200 $302,940
2021 $2,113 $198,127 $41,223 $156,904
2020 $2,069 $196,095 $40,800 $155,295
2019 $1,497 $135,119 $22,520 $112,599
2018 $1,474 $132,469 $22,078 $110,391
2017 $1,441 $129,871 $21,645 $108,226
2016 $1,376 $127,325 $21,221 $106,104
2015 $1,374 $125,412 $20,902 $104,510
2014 $1,351 $122,956 $20,493 $102,463
Source: Public Records

Agents Affiliated with this Home

  • Lino Pimentel

    Seller's Agent in 2021

    Lino Pimentel

    LAP Enterprises Inc

    (559) 688-1900

    104 Total Sales

    Lino Pimentel
    Section Image

  • F

    Buyer's Agent in 2021

    Frank Romine

    The Equity Group

    Section Image
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Map

Source: Kings County Board of REALTORS®

MLS Number: 221423

APN: 030-162-001-000

California Kings County Corcoran 93212

1111 Patterson Ave, Corcoran, CA

Not Listed for Sale

MultiFamily

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