M
Seller's Agent in 2024
Matthew Wenzel
Marcus & Millichap
(562) 257-1200
1 in this area
14 Total Sales
1508 Taber St Corona, CA 92881
South Corona Neighborhood
2.71
Acres
--
Price per Acre
118,048
Sq Ft Lot
Highlights
- 2.71 Acre Lot
- View of Hills
- No HOA
- Susan B. Anthony Elementary School Rated A
About This Lot
As of January 2024The subject property is a prime ±2.7 acre development site located at 1508 Taber Street in the city of Corona. Currently operating as the
Sunshine Growers Nursery this tenant is prepared to vacate the premises upon or shortly following a successful close of escrow. Composed of two adjacent parcels of land this site benefits from truly outstanding visibility along a very busy stretch of the I-15 freeway.
Zoning for this property is C-2 Restricted Commercial and the General Plan Land Use designation is CG General Commercial. General Commercial allows for a FAR of 0.5, setbacks are generally 10' and the height limitations are 3 stories with a maximum of 40'. Immediate neighbors include the Canyon Community Church of the Nazarene to the west, the Church of Latter-Day Saints to the southeast, and the 135-unit Estancia del Sol senior living community to the southwest. This site is bordered to the north by a larger retail center with tenants that include Dennys, In-n-Out Burger, LA Fitness, Walmart, Albertsons, CVS, Home Depot and Sams Club.
One of the primary benefits of this location is the excellent exposure provided along the I-15 freeway that has a daily car count of approximately 165,000 vehicles. The frontage of this site along Taber Street is approximately 422' and the site is directly across Taber Street from the southbound I-15 on-ramp at Ontario Avenue. Sites with great freeway visibility in largely built-out south Corona are very desirable assets and this site should be of great interest to any local developer.
Property Details
Property Type
- Land
Est. Annual Taxes
- $17,253
Year Built
- 2010
Lot Details
- 2.71 Acre Lot
- 120200004
- Value in Land
- Property is zoned C2
Additional Features
- Views of Hills
- Suburban Location
Community Details
- No Home Owners Association
Listing and Financial Details
- Tax Lot 10
- Assessor Parcel Number 120200003
- $518 per year additional tax assessments
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jun 27, 2011
Sold by
Strata Realty Llc
Bought by
Corona Nursery Llc
Total Days on Market
58
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Outstanding Balance
$565,775
Interest Rate
4.5%
Mortgage Type
Commercial
Purchase Details
Closed on
Jul 9, 2004
Sold by
Sawhill Patrick L and Sawhill Dulcea Ann
Bought by
Fessler Stephen J and Fessler Cynthia J
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 |
|---|---|---|---|
| Corona Nursery Llc | -- | None Available | |
| Fessler Stephen J | $170,000 | First American Title Co | |
| Fessler Stephen J | -- | First American Title Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Closed | Corona Nursery Llc | $0 | |
| Closed | Corona Nursery Llc | $0 | |
| Open | Corona Nursery Llc | $800,000 | |
| Closed | Corona Nursery Llc | $1,000,000 | |
| Closed | Corona Nursery Llc | $820,000 | |
| Previous Owner | Strata Realty Llc | $817,000 | |
| Previous Owner | Jecens Management Co | $100,000 | |
| Previous Owner | Jecens Management Co | $100,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/11/2024 01/11/24 | Sold | $2,950,000 | -4.8% | -- |
| 08/01/2023 08/01/23 | For Sale | $3,100,000 | -- | -- |
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 |
|---|---|---|---|---|
| 2023 | $17,253 | $1,479,029 | $1,346,235 | $132,794 |
| 2022 | $16,721 | $1,450,030 | $1,319,839 | $130,191 |
| 2021 | $16,401 | $1,421,599 | $1,293,960 | $127,639 |
| 2020 | $16,225 | $1,407,024 | $1,280,693 | $126,331 |
| 2019 | $15,858 | $1,379,436 | $1,255,582 | $123,854 |
| 2018 | $15,510 | $1,352,389 | $1,230,963 | $121,426 |
| 2017 | $15,138 | $1,325,873 | $1,206,827 | $119,046 |
| 2016 | $14,979 | $1,299,876 | $1,183,164 | $116,712 |
| 2015 | $14,658 | $1,280,353 | $1,165,393 | $114,960 |
| 2014 | $14,151 | $1,255,274 | $1,142,565 | $112,709 |
Source: Public Records
Agents Affiliated with this Home
-
Matthew Wenzel
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW23142169
APN: 120-200-004
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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