NOT LISTED FOR SALE

1132 E 7th St Corona, CA 92879

Central Corona Neighborhood

Estimated Value: $530,000 - $647,000

4 Beds
3 Baths
1,235 Sq Ft
$494/Sq Ft Est. Value

Last Sold March 30, 2012

Last sale price $205,000 $166 Per Sq Ft

Est. 197% increase in value since last sale

Current estimated payment $3,408/month

90 Days on Market

Highlights

  • Traditional Architecture
  • No HOA
  • No Heating
  • El Cerrito Middle School Rated A-
  • Two Homes on a Lot

About This Home

As of March 2012

Great two units in Corona with a large yard and space for RV parking. Next to aquatic center and close to park. Front unit has 3 bedrooms, 2 baths, and the back has 1 bedroom and 1 bath. Live in one and rent the other or just collect cash flow. Separate electric and gas meters. Front unit has just been vacated and back unit is family occupied and can be vacated at close of escrow. Both units are in rentable condition. Units appear to be larger than assessed and title shows 2 bedroom/2 baths. Buyer is advised to verify all information.

Last Agent to Sell the Property

Philana Honegger

Unique Properties License #01354530 Listed on: 11/17/2011

Last Buyer's Agent

John Babai

John Babai, Broker License #01347118

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1910

Lot Details

  • 7,405

Parking

  • 3 Parking Spaces

Home Design

  • 1,235 Sq Ft Home
  • Traditional Architecture
  • Shingle Roof
  • Stucco

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Additional Features

  • 7,405 Sq Ft Lot
  • Two Homes on a Lot
  • No Heating

Listing and Financial Details

  • Legal Lot and Block 6 / 4
  • Assessor Parcel Number 117334006

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,600
  • Water Sewer Expense $960
  • New Taxes Expense $2,310
  • Gross Income $890
  • Net Operating Income $1,395

Property Details

Home Type

Multi-Family

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Water Sewer Expenses: 960.00
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Parcel Number: 117334006
  • Year Built: 1910
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Levels: One
  • Price Per Square Foot: 165.99

Exterior Features

  • Other Structures: Two On A Lot
  • Roof: Shingle
  • Construction Materials: Stucco

Garage/Parking

  • Total Parking Spaces: 3.00

Utilities

  • Heating: No

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 7405.00
  • Lot Size Acres: 0.1700

Multi Family

  • Gross Income: 890.00
  • Gross Scheduled Income: 1800.00
  • Insurance Expense: 1600.00
  • Lot Size Area: 7405.0000 Square Feet
  • Net Operating Income: 1395.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 405.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 2310.00
  • Tax Block: 4
  • Tax Lot: 6
  • Tax Year: 2010

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 17, 2011
Closed on
Mar 13, 2012
Sold by
Macias Julian
Bought by
Koskela Ian P
Seller's Agent
Philana Honegger
Unique Properties
Buyer's Agent
John Babai
John Babai, Broker
List Price
$210,000
Sold Price
$205,000
Premium/Discount to List
-$5,000
-2.38%
Current Estimated Value
$609,698

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$404,698
Avg. Annual Appreciation
8.19%
Original Mortgage
$153,750
Outstanding Balance
$105,414
Interest Rate
3.83%
Mortgage Type
Commercial
Estimated Equity
$504,284

Purchase Details

Closed on
Aug 25, 2010
Sold by
Virtualbank
Bought by
Macias Julian

Purchase Details

Closed on
Mar 2, 2010
Sold by
Alvarez Olivia
Bought by
Virtualbank

Purchase Details

Closed on
Jan 16, 2006
Sold by
Alvarez Justino
Bought by
Alvarez Olivia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$388,000
Interest Rate
6.87%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jan 9, 2006
Sold by
Higareda Manuel
Bought by
Alvarez Olivia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$388,000
Interest Rate
6.87%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jun 3, 2004
Sold by
Higareda Manuel and Campos Elizabeth
Bought by
Hilgareda Manuel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,000
Interest Rate
6.09%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 28, 2003
Sold by
Nunez Elvia
Bought by
Nunez Jose M

Purchase Details

Closed on
Jun 27, 2002
Sold by
Continental Corp Ltd
Bought by
Higareda Manuel and Campos Elizabeth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$166,250
Interest Rate
5.83%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 23, 2002
Sold by
Miranda Connie M
Bought by
Continental Corp Ltd

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,000
Interest Rate
7.13%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 26, 1994
Sold by
Miranda Victor
Bought by
Miranda Connie N
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Koskela Ian P $205,000 Pacific Coast Title
Macias Julian $150,000 North American Title
Virtualbank $189,000 None Available
Alvarez Olivia -- First American Title Company
Alvarez Olivia $485,000 First American Title Company
Hilgareda Manuel -- New Century Title Company
Nunez Jose M -- United Title
Higareda Manuel $175,000 United Title Company
Continental Corp Ltd $80,000 Northern Counties Title
Miranda Connie N -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Koskela Ian P $153,750
Previous Owner Alvarez Olivia $388,000
Previous Owner Hilgareda Manuel $196,000
Previous Owner Higareda Manuel $166,250
Previous Owner Continental Corp Ltd $78,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/30/2012 03/30/12 Sold $205,000 -2.4% $166 / Sq Ft
02/15/2012 02/15/12 Pending -- -- --
11/17/2011 11/17/11 For Sale $210,000 -- $170 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $2,865 $257,479 $75,355 $182,124
2023 $2,865 $247,482 $72,430 $175,052
2022 $2,775 $242,630 $71,010 $171,620
2021 $2,720 $237,873 $69,618 $168,255
2020 $2,690 $235,435 $68,905 $166,530
2019 $2,629 $230,819 $67,554 $163,265
2018 $2,571 $226,294 $66,231 $160,063
2017 $2,508 $221,858 $64,933 $156,925
2016 $2,484 $217,509 $63,660 $153,849
2015 $2,431 $214,243 $62,704 $151,539
2014 $2,344 $210,048 $61,477 $148,571
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2012

    Philana Honegger

    Unique Properties

  • John Babai

    Buyer's Agent in 2012

    John Babai

    John Babai, Broker

    (951) 733-1989

    69 Total Sales

    John Babai
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: H11153050

California Regional Multiple Listing Service (CRMLS)

APN: 117-334-006

California Riverside County Corona 92879 Central Corona

1132 E 7th St, Corona, CA

Not Listed for Sale

MultiFamily

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