NOT LISTED FOR SALE

1187 Fig Ln Corning, CA 96021

Estimated Value: $474,000 - $546,000

6 Beds
4 Baths
2,296 Sq Ft
$220/Sq Ft Est. Value

Last Sold January 27, 2022

Last sale price $441,000 $192 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $3,056/month

13 Days on Market

Highlights

  • Open Floorplan
  • Double Pane Windows
  • Recessed Lighting
  • Neighborhood Views
  • Living Room
  • Laundry Room

About This Home

As of January 2022

Are you looking for a great investment opportunity? Well, I'd like to welcome you to 1187/1197 Fig Lane! This tidy, cozy and well maintained duplex is located in central Corning and features two large units that are approximately 1148 SQFT each! Each unit mirrors the other, and boasts central heating/air, attached 2 car garages, fenced backyards complete with patios and kitchens equipped with a stove, refrigerator, microwave and dishwasher. The current tenants in 1197 Fig Lane have been renting since February of 2018 and the owner currently pays the water, sewer and garbage bills. (Tenants pay their own PGE). Beginning January 2022, the tenants will be paying the garbage bill, and the rent is being increased to $1200. There are two separate PGE meters, water meters and garbage services, so all utilities could be the tenants responsibility. This property is close to schools, shopping, banks, restaurants and is only a short drive to both Red Bluff (approximately 25 min drive) and Chico (approximately 35 min drive). Live in one side, or rent both - either way this property is a wonderful opportunity! Make the time to come view this property in person, so you can appreciate the meticulous upkeep and options!

Last Agent to Sell the Property

Brittany Winchester

Century 21 Select Real Estate, Inc. License #01987837 Listed on: 11/24/2021

Century 21 Select Real Estate, Inc.

Last Buyer's Agent

Cindy Jimenez

Premier Agent Network License #01975048

Premier Agent Network

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,817

Year Built

  • Built in 2005

Lot Details

  • 0.26 Acre Lot
  • No Common Walls
  • Wood Fence
  • Fence is in good condition
  • Landscaped
  • Rectangular Lot
  • Front and Back Yard Sprinklers
  • Sprinklers on Timer
  • Back and Front Yard

Parking

  • 4 Car Garage
  • 4 Open Parking Spaces
  • Parking Available
  • Front Facing Garage
  • Single Garage Door
  • Driveway Up Slope From Street

Home Design

  • Turnkey
  • Shingle Roof

Interior Spaces

  • 2,296 Sq Ft Home
  • Open Floorplan
  • Ceiling Fan
  • Recessed Lighting
  • Double Pane Windows
  • Blinds
  • Window Screens
  • Sliding Doors
  • Living Room
  • Neighborhood Views

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Formica Countertops

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Washer and Electric Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Central Heating and Cooling System
  • Vented Exhaust Fan
  • 220 Volts in Garage
  • Water Heater
  • Satellite Dish

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection
  • Assessor Parcel Number 071291038000

Community Details

Overview

  • 2 Units

Building Details

  • 1 Leased Unit
  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $1,300
  • Water Sewer Expense $2,160
  • New Taxes Expense $4,590
  • Operating Expense $8,050
  • Net Operating Income $23,150

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,817

Year Built

Built in 2005

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • Inclusions: 2 Ranges, 2 dishwashers, 2 refrigerators and 2 microwaves.
  • Price Per Unit: 229500
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained, Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 2160.00
  • Zoning: CITY
  • Property Condition: Turnkey
  • Property Type: Residential Income
  • Parcel Number: 071291038000
  • Year Built: 2005
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s), Formica Counters, Open Floorplan, Recessed Lighting, Unfurnished
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Door Features: Sliding Doors
  • Levels: One
  • Price Per Square Foot: 192.07
  • Room Type: Kitchen, Living Room, Master Bathroom, Master Bedroom
  • Window Features: Blinds, Double Pane Windows, Screens

Exterior Features

  • Exterior Features: Lighting, Rain Gutters, Satellite Dish
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Good Condition, Wood
  • Pool Private: No
  • Roof: Shingle

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Driveway, Concrete, Driveway Up Slope From Street, Garage, Garage Faces Front, Garage - Single Door
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Electricity Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Electric Range, Microwave, Refrigerator, Vented Exhaust Fan, Water Heater
  • Electric: 220 Volts in Garage, Electricity - On Property
  • Heating Type: Central
  • Laundry Features: Electric Dryer Hookup, In Garage, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Landscaped, Rectangular Lot, Sprinklers In Front, Sprinklers In Rear, Sprinklers Timer
  • Lot Size Sq Ft: 11326.00
  • Lot Size Acres: 0.2600
  • Latitude Manual: 39.92052400

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Gross Scheduled Income: 31200.00
  • Insurance Expense: 1300.00
  • Lot Size Area: 11326.0000 Square Feet
  • Net Operating Income: 23150.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Number With Carpet: 2
  • Number With Dishwasher: 2
  • Number With Patio: 2
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 8050.00
  • Rent Control: Yes
  • Total Actual Rent: 1100.00
  • Total Expenses: 8050.00

Tax Info

  • New Taxes Expense: 4590.00
  • Tax Census Tract: 11.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 24, 2021
Closed on
Jan 25, 2022
Sold by
Frizzie Diane M
Bought by
Frias Jose G Guardado and Guardado Yolanda
Seller's Agent
Brittany Winchester
Century 21 Select Real Estate, Inc.
Buyer's Agent
Cindy Jimenez
Premier Agent Network
List Price
$459,000
Sold Price
$441,000
Premium/Discount to List
-$18,000
-3.92%
Current Estimated Value
$506,233

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$65,233
Avg. Annual Appreciation
3.78%
Original Mortgage
$369,900
Outstanding Balance
$342,083
Interest Rate
3.22%
Mortgage Type
New Conventional
Estimated Equity
$164,150

Purchase Details

Closed on
Oct 14, 2005
Sold by
Luke Alexander Construction Inc
Bought by
Frizzie Diane M

Purchase Details

Closed on
Aug 3, 2005
Sold by
Alexander Lucas Dean
Bought by
Luke Alexander Construction Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
5.46%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 4, 2004
Sold by
Alexander Nicole
Bought by
Alexander Lucas Dean

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$47,405
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 3, 2004
Sold by
Hill Christopher L and Hill Becky
Bought by
Alexander Lucas Dean

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$47,405
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 29, 2003
Sold by
Nichols Sally L
Bought by
Hill Christopher L and Hill Becky

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,000
Interest Rate
5.72%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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Average Value
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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
Frias Jose G Guardado $441,000 Northern California Title
Frizzie Diane M $408,000 Northern California Title Co
Luke Alexander Construction Inc -- Northern California Title Co
Alexander Lucas Dean -- Northern California Title Co
Alexander Lucas Dean $47,500 Northern California Title Co
Hill Christopher L $35,000 Northern California Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Frias Jose G Guardado $369,900
Previous Owner Luke Alexander Construction Inc $250,000
Previous Owner Alexander Lucas Dean $47,405
Previous Owner Hill Christopher L $25,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/27/2022 01/27/22 Sold $441,000 -3.9% $192 / Sq Ft
12/07/2021 12/07/21 Pending -- -- --
11/24/2021 11/24/21 For Sale $459,000 -- $200 / 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 $4,817 $467,991 $68,978 $399,013
2023 $4,726 $449,820 $66,300 $383,520
2022 $3,963 $374,974 $64,335 $310,639
2021 $3,537 $340,885 $58,486 $282,399
2020 $3,141 $296,421 $50,857 $245,564
2019 $2,927 $282,305 $48,435 $233,870
2018 $2,719 $256,641 $44,032 $212,609
2017 $2,505 $233,310 $40,029 $193,281
2016 $2,381 $233,310 $40,029 $193,281
2015 -- $233,310 $40,029 $193,281
2014 $2,095 $202,879 $34,808 $168,071
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN21254379

California Regional Multiple Listing Service (CRMLS)

APN: 071-291-038-000