NOT LISTED FOR SALE

1516 W Williams St Banning, CA 92220

Estimated Value: $597,000 - $797,000

2 Beds
1 Bath
12,875 Sq Ft
$55/Sq Ft Est. Value

Last Sold January 08, 2019

Last sale price $505,000 $39 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $4,673/month

Highlights

  • No HOA
  • Laundry Room
  • Central Heating and Cooling System

About This Home

As of January 2019

This home is located at 1516 W Williams St, Banning, CA 92220 since 20 July 2018 and is currently estimated at $703,182, approximately $54 per square foot. This property was built in 1985. 1516 W Williams St is a home located in Riverside County with nearby schools including Banning High School.

Last Agent to Sell the Property

Armen Kevorkian

Zoom Mortgage Pros, Inc. License #00879070 Listed on: 07/20/2018

Last Buyer's Agent

Armen Kevorkian

Zoom Mortgage Pros, Inc. License #00879070 Listed on: 07/20/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,106

Year Built

  • Built in 1985

Lot Details

  • 0.3 Acre Lot
  • No Common Walls
  • Density is 2-5 Units/Acre
  • Land Lease

Parking

  • 4 Car Garage

Home Design

  • 12,875 Sq Ft Home
  • Quadruplex

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Laundry

  • Laundry Room
  • Dryer

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Suburban Location

Utilities

  • Central Heating and Cooling System
  • Septic Type Unknown
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 3
  • Tax Tract Number 16
  • Assessor Parcel Number 540130003

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,252
  • Trash Expense $7,800
  • Water Sewer Expense $4,200
  • New Taxes Expense $11,000
  • Operating Expense $21,052
  • Gross Income $74,000
  • Net Operating Income $57,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,106

Year Built

Built in 1985

Lot Details

0

Parking

4

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 4200.00
  • Zoning: R3
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 540130003
  • Year Built: 1985
  • Special Features: None

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 39.22

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Cable Available, Electricity Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Dryer Included, Electric Dryer Hookup, Gas & Electric Dryer Hookup, Gas Dryer Hookup
  • Sewer: Public Sewer, Unknown
  • Trash Expense: 7800.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: Yes
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 12875.00
  • Lot Size Acres: 0.2956

Multi Family

  • Average1 Bed Area: 698 Square Feet
  • Average2 Bed Area: 698 Square Feet
  • Average3 Bed Area: 698 Square Feet
  • Average Studio Area: 698 Square Feet
  • Gross Income: 74000.00
  • Gross Scheduled Income: 74000.00
  • Insurance Expense: 2252.00
  • Lot Size Area: 12875.0000 Square Feet
  • Net Operating Income: 57800.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 16200.00
  • Rent Control: No
  • Total Expenses: 21052.00

Tax Info

  • New Taxes Expense: 11000.00
  • Tax Census Tract: 441.01
  • Tax Lot: 3
  • Tax Tract Number: 16

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 20, 2021
Sold by
Cleveland Harrell
Bought by
Builders Vision Llc
Current Estimated Value
$703,182

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$614,661
Interest Rate
2.99%
Mortgage Type
FHA

Purchase Details

Listed on
Jul 20, 2018
Closed on
Jan 4, 2019
Sold by
Harrell Deangela and Harrell Cleveland
Bought by
Harrell Cleveland
Seller's Agent
Armen Kevorkian
Zoom Mortgage Pros, Inc.
Buyer's Agent
Armen Kevorkian
Zoom Mortgage Pros, Inc.
List Price
$599,000
Sold Price
$505,000
Premium/Discount to List
-$94,000
-15.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.72%

Purchase Details

Closed on
Oct 30, 2018
Sold by
Bell Harrell Megan
Bought by
Harrell Cleveland

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$415,140
Interest Rate
4.8%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 13, 2017
Sold by
Jackson Bonnie
Bought by
Bell Harrell Megan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$342,575
Interest Rate
3.9%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 15, 2015
Sold by
Moore Mary R and Mccarty Kathi A
Bought by
Jackson Bonnie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$304,385
Interest Rate
3.86%
Mortgage Type
FHA

Purchase Details

Closed on
May 3, 2013
Sold by
Mccarty Scott L
Bought by
Mccarty Kathi A

Purchase Details

Closed on
Jun 30, 2008
Sold by
Aurora Loan Services Llc
Bought by
Spiler James and Moore Mary R

Purchase Details

Closed on
Dec 10, 2007
Sold by
Gutierrez Maricela
Bought by
Aurora Loan Services Llc

Purchase Details

Closed on
Feb 7, 2005
Sold by
Vonderohe Marion
Bought by
Gutierrez Maricela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
8%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 2, 2001
Sold by
Vonderohe Marion
Bought by
The Marion Vonderohe Revocable Trust

Purchase Details

Closed on
Sep 22, 1993
Sold by
Vonderohe John
Bought by
Vonderohe Marion

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,000
Interest Rate
4.2%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Builders Vision Llc -- Pacific Coast Title
Harrell Megan Bell -- Pacific Coast Title Company
Harrell Megan Bell $626,000 Pacific Coast Title Company
Harrell Cleveland -- Pacific Coast Title Company
Harrell Cleveland $480,000 Pacific Coast Title Company
Bell Harrell Megan $355,000 Pacific Coast Title Company
Jackson Bonnie $310,000 None Available
Mccarty Kathi A -- Accommodation
Spiler James $240,000 Fidelity Natl Title Ins Co
Aurora Loan Services Llc $350,011 Accommodation
Gutierrez Maricela $470,000 Fidelity National Title Co
The Marion Vonderohe Revocable Trust -- --
Vonderohe Marion -- Continental Lawyers Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bell Harrell Megan $89,066
Previous Owner Harrell Megan Bell $614,661
Previous Owner Harrell Cleveland $415,140
Previous Owner Patel Priti $105,467
Previous Owner Bell Harrell Megan $342,575
Previous Owner Jackson Bonnie $304,385
Previous Owner Gutierrez Maricela $320,000
Previous Owner Vonderohe Marion $99,000
Closed Gutierrez Maricela $80,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/08/2019 01/08/19 Sold $505,000 -15.7% $39 / Sq Ft
09/18/2018 09/18/18 Price Changed $599,000 0.0% $47 / Sq Ft
07/20/2018 07/20/18 Pending -- -- --
07/20/2018 07/20/18 For Sale $599,000 +28.8% $47 / Sq Ft
02/15/2017 02/15/17 Sold $465,000 0.0% $172 / Sq Ft
01/06/2017 01/06/17 Pending -- -- --
01/05/2017 01/05/17 For Sale $465,000 +50.0% $172 / Sq Ft
09/14/2015 09/14/15 Sold $310,000 -16.2% $115 / Sq Ft
05/20/2015 05/20/15 Pending -- -- --
03/19/2015 03/19/15 For Sale $369,999 -- $137 / 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 $10,106 $664,315 $137,957 $526,358
2023 $10,106 $638,520 $132,600 $505,920
2022 $8,814 $626,000 $130,000 $496,000
2021 $6,980 $494,671 $123,669 $371,002
2020 $6,923 $489,599 $122,401 $367,198
2019 $5,157 $362,100 $117,300 $244,800
2018 $5,125 $355,000 $115,000 $240,000
2017 $4,587 $316,200 $102,000 $214,200
2016 $4,363 $310,000 $100,000 $210,000
2015 $4,004 $283,936 $83,572 $200,364
2014 -- $278,376 $81,936 $196,440
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IG18175826

California Regional Multiple Listing Service (CRMLS)

APN: 540-130-003