Seller's Agent in 2021
Christopher Rubio
Rubio Real Estate
(415) 799-6542
1 in this area
75 Total Sales
1373 Detroit St Norco, CA 92860
Norco Farms NeighborhoodEstimated Value: $601,000 - $708,000
3
Beds
2
Baths
1,160
Sq Ft
$557/Sq Ft
Est. Value
Highlights
- Horse Property
- No Units Above
- Mountain View
- Horse Property Unimproved
- Primary Bedroom Suite
- Contemporary Architecture
About This Home
As of February 2021Lots of possible investment opportunities! Use the property as horse property, rent out & cash flow the units, it is possible to do an extension to the units, combine the units to make one house or rent out one unit and live in the other! Features 2 units, 1st unit contains 2 bedrooms and 1 bath. the 2nd unit is a 1 bedroom and 1 bath. Both have seperate utility hook ups and on the public sewer. The property is fully fenced with a double gated entry and two storage areas approx. 300 sq. ft behind each of the units. Plenty of room for RV parking, trailer parking and all of your toys! This is a wonderful entry opportunity to enjoy the Norco lifestyle. Close to the riverbed, horse trails, shopping, restaurants, Starbucks, hotels, freeways and schools. Located in Horse Town USA, near Hidden Valley Preserve, Ingalls Equestrian Center and the Riverbed riding trails! Don't miss out on the opportunity to be in a peaceful yet developing area. Owner is currently repairing the property. See the other duplex for sale at 2159 5th St. Riverside for a package sale opportunity.
Last Agent to Sell the Property
Rubio Real Estate Brokerage Phone: 310-467-7189 License #01959226 Listed on: 08/22/2020
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,559
Year Built
- Built in 1952 | Under Construction
Lot Details
- 0.32 Acre Lot
- No Units Above
- No Units Located Below
- 1 Common Wall
- Rural Setting
- South Facing Home
- Rectangular Lot
- Sprinkler System
- Private Yard
- Lawn
- Back and Front Yard
- Density is 2-5 Units/Acre
Parking
- 1 Car Garage
- 20 Open Parking Spaces
- Parking Available
- Front Facing Garage
Property Views
- Mountain
- Neighborhood
Home Design
- Duplex
- Contemporary Architecture
- Cosmetic Repairs Needed
- Slab Foundation
- Composition Roof
Interior Spaces
- 1,160 Sq Ft Home
- 1-Story Property
- Carbon Monoxide Detectors
Bedrooms and Bathrooms
- 3 Bedrooms
- Primary Bedroom Suite
- 2 Bathrooms
Laundry
- Laundry Room
- Laundry Located Outside
Accessible Home Design
- More Than Two Accessible Exits
Outdoor Features
- Horse Property
- Exterior Lighting
- Separate Outdoor Workshop
- Outdoor Storage
Location
- Property is near a park
- Suburban Location
Horse Facilities and Amenities
- Horse Property Unimproved
- Horse Property Improved
Utilities
- Cooling System Mounted To A Wall/Window
- No Heating
- Phone Available
- Cable TV Available
Listing and Financial Details
- Tenant pays for all utilities
- Legal Lot and Block 13 / 49
- Tax Tract Number 4
- Assessor Parcel Number 131050020
Community Details
Overview
- 2 Units
Building Details
- 2 Leased Units
- 1 Separate Electric Meter
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Insurance Expense $3,000
- New Taxes Expense $2,000
- Operating Expense $5,000
- Gross Income $28,560
- Net Operating Income $23,560
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Oct 18, 2020
Sold by
Solomon Wade and Solomon Amy
Bought by
Fernandez Alejandro
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$461,487
Interest Rate
2.7%
Mortgage Type
FHA
Purchase Details
Closed on
Aug 17, 2010
Sold by
Perry Ronald Lee and Hartley Darren Mark
Bought by
Solomon Wade and Solomon Amy
Purchase Details
Closed on
Feb 26, 2004
Sold by
Perry Melissa
Bought by
Perry Ronald Lee
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,500
Interest Rate
4.3%
Mortgage Type
Negative Amortization
Purchase Details
Closed on
Feb 10, 2004
Sold by
Alwin Robert J and Alwin Lisa M
Bought by
Perry Ronald Lee and Hartley Darren Mark
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,500
Interest Rate
4.3%
Mortgage Type
Negative Amortization
Purchase Details
Closed on
Jun 24, 2003
Sold by
Davis John M
Bought by
Alwin Robert J and Alwin Lisa M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$191,920
Interest Rate
5.6%
Mortgage Type
Commercial
Purchase Details
Closed on
May 18, 2001
Sold by
Lebarron Fenno A and Lebarron Zoe
Bought by
Davis John M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,500
Interest Rate
7.14%
Mortgage Type
Commercial
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Fernandez Alejandro | $470,000 | Wfg Title Company Of Ca | |
| Solomon Wade | $155,000 | Chicago Title Company | |
| Perry Ronald Lee | -- | Chicago Title Company | |
| Perry Ronald Lee | -- | Lawyers Title Company | |
| Hartley Darren Mark | -- | Lawyers Title Company | |
| Perry Ronald Lee | $330,000 | Lawyers Title | |
| Alwin Robert J | $239,900 | Ticor Title Company | |
| Davis John M | $155,000 | Lawyers Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Fernandez Alejandro | $461,487 | |
| Previous Owner | Perry Ronald Lee | $50,000 | |
| Previous Owner | Perry Ronald Lee | $247,500 | |
| Previous Owner | Alwin Robert J | $191,920 | |
| Previous Owner | Davis John M | $139,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/26/2021 02/26/21 | Sold | $470,000 | +4.4% | $405 / Sq Ft |
| 10/09/2020 10/09/20 | Pending | -- | -- | -- |
| 08/22/2020 08/22/20 | For Sale | $449,998 | -- | $388 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $5,559 | $508,742 | $135,304 | $373,438 |
| 2023 | $5,559 | $488,988 | $130,050 | $358,938 |
| 2022 | $5,382 | $479,400 | $127,500 | $351,900 |
| 2021 | $2,073 | $183,449 | $71,011 | $112,438 |
| 2020 | $2,050 | $181,569 | $70,283 | $111,286 |
| 2019 | $2,003 | $178,009 | $68,905 | $109,104 |
| 2018 | $1,957 | $174,519 | $67,555 | $106,964 |
| 2017 | $1,907 | $171,098 | $66,231 | $104,867 |
| 2016 | $1,888 | $167,744 | $64,933 | $102,811 |
| 2015 | $1,846 | $165,226 | $63,958 | $101,268 |
| 2014 | $1,778 | $161,991 | $62,706 | $99,285 |
Source: Public Records
Agents Affiliated with this Home
-
-
Seller Co-Listing Agent in 2021
Zoran Grujevski
Rubio Real Estate
(949) 478-3623
1 in this area
16 Total Sales
-
M
Buyer's Agent in 2021
MANUEL AMAYA
Excellence RE Real Estate, Inc.
(626) 201-3939
1 in this area
39 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC20146981
APN: 131-050-020
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
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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