NOT LISTED FOR SALE

Estimated Value: $730,000 - $854,000

2 Beds
1 Bath
1,425 Sq Ft
$560/Sq Ft Est. Value

Sale Details

Date Sold: October 1, 2020

Last sale price $570,000 $400 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $4,912 / mo

8 Days on Market

Highlights

  • No Heating
  • El Cerrito Middle School Rated A-
  • 1-Story Property

About This Home

As of October 2020

Great Location in City of Corona! This is the last lot in City limits! Corner location could be commercial(check with city). The property appears to be much larger that shows on tax records 2 bedrooms and one bath each unit they also have a detached garages. Large yards and separate driveways for each unit. The units have been recently remodeled (very nicely done) with new flooring, cabinets, sinks, countertops kitchens and baths and fresh paint. Good rents, location, future potential and easy to maintain makes this something for your investors to think about!!

Last Agent to Sell the Property

John Germing

Meridian Capital Real Estate License #01266270 Listed on: 08/14/2020

Last Buyer's Agent

Lyndsey Rash

Realty Masters & Associates License #01962611

Realty Masters & Associates

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1942

Lot Details

  • 12,632 Sq Ft Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 2 Car Garage

Interior Spaces

  • 1,425 Sq Ft Home
  • 1-Story Property
  • Laundry in Garage

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Outdoor Features

  • Exterior Lighting

Utilities

  • No Heating
  • Septic Type Unknown

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 280
  • Assessor Parcel Number 120280006

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,200
  • New Taxes Expense $6,000
  • Operating Expense $9,600
  • Gross Income $40,800
  • Net Operating Income $38,400

Property Details

Home Type

Multi-Family

Year Built

Built in 1942

Lot Details

0.29 Acres

Parking

2

Listing Details

  • Property Attached: No
  • Zoning: A
  • Property Type: Residential Income
  • Parcel Number: 120280006
  • Year Built: 1942
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 400.00

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: No
  • Laundry: Yes
  • Laundry Features: In Garage
  • Sewer: Septic Type Unknown
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 12632.00
  • Lot Size Acres: 0.2900

Multi Family

  • Gross Income: 40800.00
  • Gross Scheduled Income: 40800.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 12632.0000 Square Feet
  • Net Operating Income: 38400.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 2400.00
  • Rent Control: No
  • Total Expenses: 9600.00

Tax Info

  • New Taxes Expense: 6000.00
  • Tax Census Tract: 418.10
  • Tax Lot: 1
  • Tax Tract Number: 280

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 14, 2020
Closed on
Sep 9, 2020
Sold by
Bought by
Seller's Agent
John Germing
Meridian Capital Real Estate
Buyer's Agent
Lyndsey Rash
Realty Masters & Associates
List Price
$574,900
Sold Price
$570,000
Premium/Discount to List
-$4,900
-0.85%
Current Estimated Value
$798,014

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$228,014
Avg. Annual Appreciation
5.95%
Original Mortgage
$427,500
Interest Rate
0.029%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 16, 2011
Closed on
Feb 6, 2012
Sold by
Bought by
Seller's Agent
Troy Reed
William R. Lenocker, Broker
Buyer's Agent
Ed Garland
Century 21 Garland
List Price
$179,900
Sold Price
$162,000
Premium/Discount to List
-$17,900
-9.95%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.83%
Original Mortgage
$157,893
Interest Rate
0.044%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 20, 2011
Sold by
Bought by

Purchase Details

Closed on
Jun 14, 2007
Sold by
Bought by

Purchase Details

Closed on
Sep 23, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
0.0945%
Mortgage Type
Commercial

Purchase Details

Closed on
May 10, 2004
Sold by
Bought by

Purchase Details

Closed on
Jan 5, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$219,600
Interest Rate
0.05%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 14, 1995
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$570,000 Stewart Title Of Ca Inc
$162,000 Servicelink
$162,000 Landsafe Title
-- None Available
-- None Available
$500,000 First American Title Company
-- --
$282,000 First American Title Co
-- First American Title Ins Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $427,500
Previous Owner $157,893
Previous Owner $450,000
Previous Owner $219,600
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/01/2020 10/01/20 Sold $570,000 -0.9% $400 / Sq Ft
08/22/2020 08/22/20 Pending -- -- --
08/14/2020 08/14/20 For Sale $574,900 +254.9% $403 / Sq Ft
03/14/2012 03/14/12 Sold $162,000 -6.3% $114 / Sq Ft View Prior Sale
01/06/2012 01/06/12 Price Changed $172,800 -3.9% $121 / Sq Ft
12/16/2011 12/16/11 For Sale $179,900 -- $126 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $6,771 $616,985 $162,364 $454,621
2023 $6,771 $593,028 $156,060 $436,968
2022 $6,557 $581,400 $153,000 $428,400
2021 $6,427 $570,000 $150,000 $420,000
2020 $2,057 $186,047 $114,846 $71,201
2019 $2,008 $182,400 $112,595 $69,805
2018 $1,963 $178,825 $110,388 $68,437
2017 $1,914 $175,320 $108,224 $67,096
2016 $1,893 $171,883 $106,102 $65,781
2015 $1,851 $169,303 $104,509 $64,794
2014 $1,785 $165,989 $102,463 $63,526
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW20165590

California Regional Multiple Listing Service (CRMLS)

APN: 120-280-006

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