Seller's Agent in 2023
Lee Jones
LKJ Realty Inc.
(530) 809-3762
72 Total Sales
1644 Kaufman Ave Corning, CA 96021
Estimated Value: $345,621 - $442,000
6
Beds
4
Baths
2
Sq Ft
$197,078/Sq Ft
Est. Value
Highlights
- Contemporary Architecture
- Wooded Lot
- No HOA
- Property is near public transit
- Private Yard
- Neighborhood Views
About This Home
As of May 2023VERY PRONISSING and PRODUCTIVE CORING INCOME PROPERTY Features TWO, ADJACENT, ONE-STORY BUILDINGS, the first with two 2/1s apartment's with spacious open kitchen floorplans and the second building with two 1/1s cozy studios with open kitchen floorplans. When Fully Rented for the last 8 years, brought in Monthly Gross Rents of $3200 for all four units. This Quadplex is Located in a Decent Corning Residential Neighborhood. Property current has three rented out units all on month to month leases. One Unit has Been recently remodeled and one unit needs some extensive work and is vacant while repairs continue. Property is CENTRALLY LOCATED close to down-town Corning CLOSE TO SCHOOLS, SHOPPING and RESTAURANTS. With some TLC, this quadplex could become a very lucrative investment given it's affordable price. Being Sold in " As IS " condition. Become an onsite, Real Estate Business Owner. This opportunity Won't last long for this great price!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,488
Year Built
- Built in 1975
Lot Details
- 8,276 Sq Ft Lot
- 1 Common Wall
- South Facing Home
- Wood Fence
- Rectangular Lot
- Level Lot
- Wooded Lot
- Private Yard
- Lawn
- Front Yard
- Density is 2-5 Units/Acre
Home Design
- Contemporary Architecture
- Quadruplex
- Entry on the 1st floor
- Cosmetic Repairs Needed
- Major Repairs Completed
- Slab Foundation
- Composition Roof
- Stucco
Interior Spaces
- 2 Sq Ft Home
- 1-Story Property
- Ceiling Fan
- Blinds
- Double Door Entry
- Living Room
- Neighborhood Views
Kitchen
- Gas Oven
- Gas Range
- Formica Countertops
Flooring
- Laminate
- Vinyl
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Bathrooms
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Parking
- Parking Available
- Gravel Driveway
- Paved Parking
- Off-Street Parking
Outdoor Features
- Exterior Lighting
- Rain Gutters
Location
- Property is near public transit
Utilities
- Cooling System Mounted To A Wall/Window
- Heating Available
- Natural Gas Connected
- TV Antenna
Listing and Financial Details
- Tenant pays for all utilities
- Legal Lot and Block 19 / 3
- Assessor Parcel Number 071221008000
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 4 Units
Recreation
- Park
Building Details
- 3 Leased Units
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 2 Separate Water Meters
- Electric Expense $560
- Insurance Expense $1,000
- Other Expense $10,000
- Trash Expense $25
- Water Sewer Expense $120
- Operating Expense $11,705
- Gross Income $38,400
- Net Operating Income $24,775
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 15, 2023
Closed on
May 9, 2023
Sold by
Palacios Juan
Bought by
Barbo Family Trust
Seller's Agent
Lee Jones
LKJ Realty Inc.
Buyer's Agent
Tim Schromm
Preferred Agents Real Estate -
List Price
$339,900
Sold Price
$325,000
Premium/Discount to List
-$14,900
-4.38%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$69,155
Avg. Annual Appreciation
6.72%
Original Mortgage
$200,000
Outstanding Balance
$194,798
Interest Rate
6.32%
Mortgage Type
New Conventional
Estimated Equity
$183,880
Purchase Details
Listed on
Dec 23, 2014
Closed on
Mar 31, 2015
Sold by
Palacios Dolores
Bought by
Palacios Juan
Seller's Agent
CORY MEYER
REALTY EXECUTIVES
Buyer's Agent
NON MEMBER
Big Valley Properties
List Price
$209,000
Sold Price
$170,000
Premium/Discount to List
-$39,000
-18.66%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.33%
Purchase Details
Closed on
Dec 2, 2009
Sold by
Jaynes Heidi
Bought by
Maday Randy J and Maday Corine A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,500
Interest Rate
5.01%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 29, 2009
Sold by
Jaynes Heidi
Bought by
Jaynes Heidi
Purchase Details
Closed on
Jan 2, 2008
Sold by
Theodoroff Theodor
Bought by
Theodoroff Theodor
Purchase Details
Closed on
Jul 16, 2003
Sold by
Carter William A and Carter Sally A
Bought by
Theodoroff Theodor and Theodoroff Julia
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 |
|---|---|---|---|
| Barbo Family Trust | $325,000 | Northern California Title | |
| Palacios Juan | -- | Bidwell Title & Escrow Co | |
| Palacios Juan | $170,000 | Bidwell Title & Escrow Co | |
| Maday Randy J | $150,000 | Northern California Title Co | |
| Jaynes Heidi | -- | Northern California Title Co | |
| Theodoroff Theodor | -- | None Available | |
| Theodoroff Theodor | $145,000 | Northern California Title Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Barbo Family Trust | $200,000 | |
| Previous Owner | Maday Randy J | $112,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/15/2023 05/15/23 | For Sale | $339,900 | +4.6% | $169,950 / Sq Ft |
| 05/12/2023 05/12/23 | Sold | $325,000 | +91.2% | $162,500 / Sq Ft |
| 04/14/2023 04/14/23 | Pending | -- | -- | -- |
| 04/08/2015 04/08/15 | Sold | $170,000 | 0.0% | $213 / Sq Ft |
| 04/08/2015 04/08/15 | Sold | $170,000 | -18.7% | $89 / Sq Ft |
| 03/20/2015 03/20/15 | Pending | -- | -- | -- |
| 03/20/2015 03/20/15 | Pending | -- | -- | -- |
| 12/19/2014 12/19/14 | For Sale | $209,000 | 0.0% | $261 / Sq Ft |
| 12/19/2014 12/19/14 | For Sale | $209,000 | -- | $110 / 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 | $3,488 | $338,130 | $62,424 | $275,706 |
| 2023 | $2,073 | $196,370 | $40,427 | $155,943 |
| 2022 | $2,044 | $192,521 | $39,635 | $152,886 |
| 2021 | $1,967 | $188,747 | $38,858 | $149,889 |
| 2020 | $1,988 | $186,813 | $38,460 | $148,353 |
| 2019 | $1,907 | $183,151 | $37,706 | $145,445 |
| 2018 | $1,910 | $179,561 | $36,967 | $142,594 |
| 2017 | $1,897 | $176,042 | $36,243 | $139,799 |
| 2016 | $1,769 | $172,591 | $35,533 | $137,058 |
| 2015 | -- | $161,101 | $42,960 | $118,141 |
| 2014 | $1,638 | $157,946 | $42,119 | $115,827 |
Source: Public Records
Agents Affiliated with this Home
-
Lee Jones
-
Tim Schromm
Buyer's Agent in 2023
Tim Schromm
Preferred Agents Real Estate -
(530) 586-0707
50 Total Sales
-
C
Seller's Agent in 2015
CORY MEYER
REALTY EXECUTIVES
-
R
Seller Co-Listing Agent in 2015
Ronald Madery
Aspire Real Estate
-
N
Buyer's Agent in 2015
NON MEMBER
Big Valley Properties
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SN23068331
APN: 071-221-008-000
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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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