$240,000
SOLD JUL 27, 2018

158 W Gilman St Banning, CA 92220

3 Beds
2 Baths
1,084 Sq Ft
7,405 Sq Ft Lot

Recently Sold

$221 Per Sq Ft

70 Days on Market

Highlights

  • No HOA
  • Landscaped
  • 1-Story Property
  • Laundry Room
  • No Heating

About This Home

As of May 2021

"Back on the market subject to cancellation of existing escrow". 2 units in a lot in Banning California, this beauty sits in a very quiet, nice area near schools, shopping centers, parks, municipal airport, and museums.
Front unit offers 2 bedrooms and 1 bathroom, the back unit offers 1 bedroom and 1 bathroom, both with their private and separate yards for fun or relaxation. There is a very long driveway for several cars so parking should not be an issue. There are a total of 2 units.

Last Agent to Sell the Property

Jesus Morales

First Team Real Estate License #01757163 Listed on: 04/19/2018

First Team Real Estate

Co-Listed By

Yesica Fuentes

Mak Home Realty & Inv License #01382689

Last Buyer's Agent

Carmen Ramirez

CHAMPIONS REAL ESTATE License #01451360

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,416

Year Built

  • Built in 1938

Lot Details

  • 7,405 Sq Ft Lot
  • No Common Walls
  • Landscaped
  • Density is up to 1 Unit/Acre

Home Design

  • Duplex

Interior Spaces

  • 1,084 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Parking

  • Paved Parking
  • On-Street Parking

Additional Features

  • Exterior Lighting
  • No Heating

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 47
  • Tax Tract Number 47
  • Assessor Parcel Number 535222012

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $728
  • Water Sewer Expense $600
  • New Taxes Expense $1,954
  • Operating Expense $3,282
  • Gross Income $16,800
  • Net Operating Income $13,518

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,416

Year Built

Built in 1938

Lot Details

0

Listing Details

  • Assessments: Yes
  • Other Phone Description: Yesica Fuentes
  • Other Phone Number: 714-231-1996
  • Property Attached: No
  • Water Sewer Expenses: 600.00
  • Zoning: R1
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 535222012
  • Year Built: 1938
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 221.40

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking Features: Concrete, Street

Utilities

  • Heating: No
  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Landscaped, Lot 6500-9999
  • Lot Size Sq Ft: 7405.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 16800.00
  • Gross Scheduled Income: 16800.00
  • Insurance Expense: 728.00
  • Net Operating Income: 13518.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 3282.00
  • Rent Control: No
  • Total Actual Rent: 1400.00
  • Total Expenses: 3282.00

Tax Info

  • New Taxes Expense: 1954.00
  • Tax Census Tract: 441.04
  • Tax Lot: 47
  • Tax Tract Number: 0047

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 12, 2020
Closed on
Apr 21, 2021
Sold by
Solis Luz M
Bought by
Zamora Cruz Yanet
Seller's Agent
Carmen Ramirez
CHAMPIONS REAL ESTATE
Buyer's Agent
MARY TRIPP
Better Homes & Gardens R.E. Oak Valley
List Price
$349,900
Sold Price
$300,000
Premium/Discount to List
-$49,900
-14.26%
Current Estimated Value
$381,936

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$81,936
Avg. Annual Appreciation
5.71%
Original Mortgage
$270,000
Outstanding Balance
$244,831
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$137,105

Purchase Details

Listed on
Apr 19, 2018
Closed on
Jul 19, 2018
Sold by
Mendoza Marciano Brandon Solis
Bought by
Solis Luz M
Seller's Agent
Jesus Morales
First Team Real Estate
Buyer's Agent
Carmen Ramirez
CHAMPIONS REAL ESTATE
List Price
$240,000
Sold Price
$240,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.39%
Original Mortgage
$235,653
Interest Rate
4.5%
Mortgage Type
FHA

Purchase Details

Listed on
Apr 19, 2018
Closed on
Jul 3, 2018
Sold by
Vergara Guillermo
Bought by
Solis Luz M
Seller's Agent
Jesus Morales
First Team Real Estate
Buyer's Agent
Carmen Ramirez
CHAMPIONS REAL ESTATE
List Price
$240,000
Sold Price
$240,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$235,653
Interest Rate
4.5%
Mortgage Type
FHA

Purchase Details

Listed on
Sep 16, 2015
Closed on
Oct 20, 2015
Sold by
Vergara Elsa
Bought by
Vergara Guillermo
Seller's Agent
Russ Rigsby
REAL ESTATE MASTERS GROUP
Buyer's Agent
Russ Rigsby
REAL ESTATE MASTERS GROUP
List Price
$145,000
Sold Price
$130,000
Premium/Discount to List
-$15,000
-10.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
25.08%

Purchase Details

Listed on
Sep 16, 2015
Closed on
Oct 18, 2015
Sold by
Hill Jolen Twain
Bought by
Vergara Guillermo
Seller's Agent
Russ Rigsby
REAL ESTATE MASTERS GROUP
Buyer's Agent
Russ Rigsby
REAL ESTATE MASTERS GROUP
List Price
$145,000
Sold Price
$130,000
Premium/Discount to List
-$15,000
-10.34%

Purchase Details

Closed on
Nov 29, 2008
Sold by
Glick Paula Rae
Bought by
Paula Rae Glick Living Trust

Purchase Details

Closed on
Sep 23, 2008
Sold by
Federal National Mortgage Association
Bought by
Glick Paula Rae

Purchase Details

Closed on
Jul 11, 2008
Sold by
Orozco Maria G
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Oct 6, 2005
Sold by
Lulu Inc
Bought by
Orozco Maria G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$263,200
Interest Rate
6.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 5, 2005
Sold by
Valdez Delia
Bought by
Lulu Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$245,000
Interest Rate
5.72%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 3, 2005
Sold by
Valdez Victor
Bought by
Valdez Delia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$245,000
Interest Rate
5.72%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 14, 2000
Sold by
Lantz Courtney R and Lantz Maryalice
Bought by
Lantz Courtney R and Lantz Mary Alice Sue
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 Type Sale Price Title Company
Grant Deed $300,000 Orange Coast Title Company
Interfamily Deed Transfer -- Lawyers Title Company
Grant Deed $240,000 Lawyers Title
Interfamily Deed Transfer -- Wfg National Title Company
Grant Deed $130,000 Wfg National Title Company
Interfamily Deed Transfer -- None Available
Grant Deed $90,000 Commonwealth Land Title Co
Trustee Deed $279,719 Landsafe Title
Grant Deed $329,000 Landamerica Lawyers Title
Grant Deed -- --
Interfamily Deed Transfer -- Chicago Title Company
Grant Deed $239,000 Chicago Title Company
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $270,000 New Conventional
Previous Owner $235,653 FHA
Previous Owner $263,200 New Conventional
Previous Owner $245,000 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/03/2021 05/03/21 Sold $300,000 -9.1% $277 / Sq Ft
02/23/2021 02/23/21 Pending -- -- --
12/19/2020 12/19/20 Price Changed $330,000 -5.7% $304 / Sq Ft
08/12/2020 08/12/20 For Sale $349,900 +45.8% $323 / Sq Ft
07/27/2018 07/27/18 Sold $240,000 0.0% $221 / Sq Ft
06/28/2018 06/28/18 Pending -- -- --
06/28/2018 06/28/18 For Sale $240,000 0.0% $221 / Sq Ft
05/22/2018 05/22/18 Pending -- -- --
04/19/2018 04/19/18 For Sale $240,000 +84.6% $221 / Sq Ft
10/30/2015 10/30/15 Sold $130,000 -7.1% $120 / Sq Ft
10/07/2015 10/07/15 Pending -- -- --
09/29/2015 09/29/15 Price Changed $139,900 -3.5% $129 / Sq Ft
09/16/2015 09/16/15 For Sale $145,000 -- $134 / 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 $5,416 $324,727 $81,181 $243,546
2023 $5,416 $312,120 $78,030 $234,090
2022 $4,338 $306,000 $76,500 $229,500
2021 $3,519 $247,334 $77,293 $170,041
2020 $3,489 $244,799 $76,501 $168,298
2019 $3,434 $240,000 $75,001 $164,999
2018 $1,987 $135,252 $31,212 $104,040
2017 $1,954 $132,600 $30,600 $102,000
2016 $1,859 $130,000 $30,000 $100,000
2015 $1,393 $96,422 $26,781 $69,641
2014 $1,385 $94,535 $26,257 $68,278
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW18090779

California Regional Multiple Listing Service (CRMLS)

APN: 535-222-012