NOT LISTED FOR SALE

1205 South St Corning, CA 96021

Estimated Value: $430,000 - $485,000

2 Beds
1 Bath
3,200 Sq Ft
$142/Sq Ft Est. Value

Last Sold April 22, 2019

Last sale price $305,000 $95 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $2,675/month

66 Days on Market

About This Home

As of April 2019

GREAT INVESTMENT ON THIS 4-PLEX, ALL UNITS HAVE BEEN RENOVATED.

Last Agent to Sell the Property

Tim Schromm

Preferred Agents Real Estate - License #01713060 Listed on: 01/04/2019

Last Buyer's Agent

Andrew Acevedo

Thrive Real Estate Company License #02077744

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1979

Lot Details

  • 10,275 Sq Ft Lot
  • No Common Walls
  • Front Yard

Home Design

  • Quadruplex
  • Composition Roof

Interior Spaces

  • 3,200 Sq Ft Home
  • 2-Story Property
  • Laminate Flooring
  • Electric Oven

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for electricity, gas, telephone
  • Assessor Parcel Number 071174014000

Community Details

Overview

  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Insurance Expense $1,500
  • Trash Expense $1,200
  • Water Sewer Expense $2,400
  • New Taxes Expense $3,000
  • Operating Expense $8,100
  • Gross Income $31,200
  • Net Operating Income $23,100

Property Details

Home Type

Multi-Family

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: City Street
  • Water Sewer Expenses: 2400.00
  • Zoning: CITY
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 071174014000
  • Year Built: 1979
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Laminate
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 95.31

Exterior Features

  • Pool Private: No
  • Roof: Composition

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: No
  • Appliances: Electric Oven
  • Heating Type: Central
  • Sewer: Public Sewer
  • Trash Expense: 1200.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 10275.00
  • Lot Size Acres: 0.2359

Rental Info

  • Tenant Pays: Electricity, Gas, Telephone

Multi Family

  • Average2 Bed Area: 800 Square Feet
  • Gross Income: 31200.00
  • Gross Scheduled Income: 31200.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 10275.0000 Square Feet
  • Net Operating Income: 23100.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Total: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 8100.00
  • Rent Control: No
  • Total Expenses: 8100.00

Tax Info

  • New Taxes Expense: 3000.00
  • Tax Census Tract: 11.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 4, 2019
Closed on
Apr 19, 2019
Sold by
Walberg Properties Llc
Bought by
Garcia Fidel
Seller's Agent
Tim Schromm
Preferred Agents Real Estate -
Buyer's Agent
Andrew Acevedo
Thrive Real Estate Company
List Price
$324,000
Sold Price
$305,000
Premium/Discount to List
-$19,000
-5.86%
Current Estimated Value
$455,569

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$150,569
Avg. Annual Appreciation
6.16%
Original Mortgage
$218,750
Outstanding Balance
$192,707
Interest Rate
4.4%
Mortgage Type
New Conventional
Estimated Equity
$262,862

Purchase Details

Closed on
May 6, 2010
Sold by
Walberg Raymond Bud and Walberg Jaimie Lynn
Bought by
Walberg Properties Llc

Purchase Details

Closed on
Feb 27, 2009
Sold by
Walberg Jaimie L
Bought by
Walberg Raymond Bud

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
4.91%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 24, 2009
Sold by
Bank Of New York
Bought by
Walberg Raymond Bud

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
4.91%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 30, 2007
Sold by
Kloos Linda and Kloos Peter
Bought by
Bank Of New York and Cwalt Inc Alternative Loan Trust 2006-Oa

Purchase Details

Closed on
Jul 16, 2003
Sold by
Slade Gregory P and Slade Lori A
Bought by
Kloos Pieter and Kloos Linda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,000
Interest Rate
5.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 15, 2001
Sold by
Mcfarland Beverly A
Bought by
Slade Gregory P and Slade Lori A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,600
Interest Rate
6.89%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Garcia Fidel $305,000 Timios Inc Westlake Simplif
Walberg Properties Llc -- None Available
Walberg Raymond Bud -- None Available
Walberg Raymond Bud -- Northern California Title Co
Walberg Raymond Bud $160,000 Northern California Title Co
Bank Of New York $328,500 Northern California Title Co
Kloos Pieter $152,000 Chicago Title Co
Slade Gregory P $117,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Garcia Fidel $218,750
Previous Owner Walberg Raymond Bud $120,000
Previous Owner Kloos Pieter $116,000
Previous Owner Slade Gregory P $93,600
Closed Slade Gregory P $11,700
Closed Kloos Pieter $14,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/22/2019 04/22/19 Sold $305,000 -5.9% $95 / Sq Ft
03/11/2019 03/11/19 Pending -- -- --
03/05/2019 03/05/19 For Sale $324,000 0.0% $101 / Sq Ft
02/06/2019 02/06/19 Pending -- -- --
01/04/2019 01/04/19 For Sale $324,000 -- $101 / 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 $3,510 $340,228 $44,617 $295,611
2023 $3,443 $327,019 $42,886 $284,133
2022 $3,395 $320,608 $42,046 $278,562
2021 $3,268 $314,322 $41,222 $273,100
2020 $3,303 $311,100 $40,800 $270,300
2019 $1,872 $179,783 $44,946 $134,837
2018 $1,740 $163,439 $40,860 $122,579
2017 $1,603 $148,580 $37,145 $111,435
2016 $1,524 $148,580 $37,145 $111,435
2015 -- $148,580 $37,145 $111,435
2014 $1,342 $129,200 $32,300 $96,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN19017403

California Regional Multiple Listing Service (CRMLS)

APN: 071-174-014-000