$90,000
SOLD OCT 14, 2016

1582 E Nicolet St Banning, CA 92220

1 Bed
1 Bath
572 Sq Ft
8,276 Sq Ft Lot

Recently Sold

$157 Per Sq Ft

8% Below List Price

372 Days on Market

Highlights

  • Corner Lot
  • Laundry Room
  • Wall Furnace
  • Cooling System Mounted To A Wall/Window

About This Home

As of April 2021

Ready for an investor, new tenant in place, offers subject to current lease and inspections

Last Agent to Sell the Property

DAVID MELCHER

HOMETOWN REAL ESTATE License #01115854 Listed on: 09/02/2015

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,480

Year Built

  • Built in 1946

Lot Details

  • 8,276 Sq Ft Lot
  • No Common Walls
  • Corner Lot

Home Design

  • 572 Sq Ft Home

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Laundry

  • Laundry Room
  • Laundry in Kitchen

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Community Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Gross Income $750
  • Net Operating Income $750

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 422
  • Assessor Parcel Number 541134001

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,480

Year Built

Built in 1946

Lot Details

0

Listing Details

  • Property Attached: No
  • Property Type: Residential Income
  • Parcel Number: 541134001
  • Year Built: 1946
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 157.34

Exterior Features

  • Pool Private: No

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: In Kitchen
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 8276.00
  • Price Per Lot Square Foot: 13.05
  • Lot Size Acres: 0.1900

Multi Family

  • Gross Income: 750.00
  • Gross Scheduled Income: 750.00
  • Lot Size Area: 8276.0000 Square Feet
  • Net Operating Income: 750.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 1
  • Rent Control: No

Tax Info

  • Tax Lot: 1
  • Tax Tract Number: 422

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 18, 2021
Closed on
Mar 24, 2021
Sold by
Vasquez Fuentes Norma A
Bought by
Garcia Nazario J Merida
Seller's Agent
Marcela Herrera
PAK HOME REALTY
Buyer's Agent
Marisol Cardenas
Capital Network Realty
List Price
$220,000
Sold Price
$215,000
Premium/Discount to List
-$5,000
-2.27%
Current Estimated Value
$317,808

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$102,808
Avg. Annual Appreciation
9.23%
Original Mortgage
$211,105
Outstanding Balance
$191,129
Interest Rate
2.9%
Mortgage Type
FHA
Estimated Equity
$123,438

Purchase Details

Listed on
Jan 18, 2021
Closed on
Mar 15, 2021
Sold by
Solis Alehidy Marquina
Bought by
Garcia Nazario J Merida
Seller's Agent
Marcela Herrera
PAK HOME REALTY
Buyer's Agent
Marisol Cardenas
Capital Network Realty
List Price
$220,000
Sold Price
$215,000
Premium/Discount to List
-$5,000
-2.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$211,105
Outstanding Balance
$191,129
Interest Rate
2.9%
Mortgage Type
FHA
Estimated Equity
$123,438

Purchase Details

Closed on
Jul 21, 2017
Sold by
Canlas Roberto
Bought by
Solis Alehidy Marquina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$134,830
Interest Rate
3.96%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 2, 2015
Closed on
Sep 15, 2016
Sold by
Canlas Erlyn Joy Bulquerin
Bought by
Canlas Roberto
Seller's Agent
DAVID MELCHER
HOMETOWN REAL ESTATE
List Price
$97,500
Sold Price
$90,000
Premium/Discount to List
-$7,500
-7.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.26%

Purchase Details

Closed on
Jul 18, 2011
Sold by
Medina Blanca
Bought by
Medina Aaron

Purchase Details

Closed on
Jul 8, 2011
Sold by
Alonso Jorge Damian
Bought by
Crotti Lorena

Purchase Details

Closed on
Jun 23, 2011
Sold by
Medina Aaron
Bought by
Crotti Lorena

Purchase Details

Closed on
Dec 2, 2010
Sold by
Calderon Hector
Bought by
Medina Aaron

Purchase Details

Closed on
May 26, 1998
Sold by
Hud
Bought by
Calderon Hector

Purchase Details

Closed on
Feb 5, 1997
Sold by
Homeside Lending Inc
Bought by
Hud

Purchase Details

Closed on
Feb 3, 1997
Sold by
Jordan Leroy and Jordan Bessie
Bought by
Homeside Lending Inc and Bancboston Mtg Corp
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
Deed -- First American Title
Grant Deed $215,000 First American Title
Grant Deed $139,000 Fidelity National Title
Interfamily Deed Transfer -- Orange Coast Title Co Socal
Grant Deed $90,000 Orange Coast Title Company
Interfamily Deed Transfer -- Lawyers Title Company
Interfamily Deed Transfer -- Western Resources Title
Grant Deed $40,000 Western Resources Title
Grant Deed $40,500 Lawyers Title Company
Grant Deed -- American Title
Grant Deed -- First Southwestern Title Co
Trustee Deed $44,999 First Southwestern Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $211,105 FHA
Previous Owner $134,830 New Conventional
Previous Owner $120,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/13/2021 04/13/21 Sold $215,000 0.0% $376 / Sq Ft
02/23/2021 02/23/21 Price Changed $215,000 -2.3% $376 / Sq Ft
02/12/2021 02/12/21 For Sale $220,000 +2.3% $385 / Sq Ft
02/06/2021 02/06/21 Off Market $215,000 -- --
02/02/2021 02/02/21 Price Changed $220,000 -2.2% $385 / Sq Ft
01/18/2021 01/18/21 For Sale $225,000 +150.0% $393 / Sq Ft
10/14/2016 10/14/16 Sold $90,000 0.0% $157 / Sq Ft
09/08/2015 09/08/15 Rented $750 0.0% --
09/02/2015 09/02/15 For Sale $97,500 0.0% $170 / Sq Ft
08/10/2015 08/10/15 For Rent $750 -- --
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 $3,480 $426,496 $81,182 $345,314
2023 $3,480 $243,984 $78,031 $165,953
2022 $3,127 $219,299 $76,501 $142,798
2021 $2,105 $146,112 $21,023 $125,089
2020 $2,086 $144,615 $20,808 $123,807
2019 $2,054 $141,780 $20,400 $121,380
2018 $2,040 $139,000 $20,000 $119,000
2017 $1,344 $90,000 $15,000 $75,000
2016 $644 $42,435 $12,728 $29,707
2015 $635 $41,799 $12,538 $29,261
2014 $1,161 $40,983 $12,294 $28,689
Source: Public Records

Agents Affiliated with this Home

  • Marcela Herrera

    Seller's Agent in 2021

    Marcela Herrera

    PAK HOME REALTY

    (909) 510-1910

    2 in this area

    179 Total Sales

    Section Image

  • M

    Buyer's Agent in 2021

    Marisol Cardenas

    Capital Network Realty

    Section Image

  • D

    Seller's Agent in 2016

    DAVID MELCHER

    HOMETOWN REAL ESTATE

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: EV15210180

California Regional Multiple Listing Service (CRMLS)

APN: 541-134-001

California Riverside County Banning 92220

1582 E Nicolet St, Banning, CA

This home is located at 1582 E Nicolet St, Banning, CA 92220 and is currently priced at $90,000, approximately $157 per square foot. This property was built in 1946. 1582 E Nicolet St is a home located in Riverside County with nearby schools including Banning High School.

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.

California Regional Multiple Listing Service (CRMLS) 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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