NOT LISTED FOR SALE

231 E Nicolet St Banning, CA 92220

Estimated Value: $432,000 - $477,000

3 Beds
3 Baths
1,748 Sq Ft
$257/Sq Ft Est. Value

Last Sold May 15, 2024

Last sale price $450,000 $257 Per Sq Ft

Current estimated payment $2,491/month

205 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Front Yard
  • Cooling System Mounted To A Wall/Window
  • Floor Furnace
  • 1-Story Property

About This Home

As of May 2024

New Roof, new painted all outside, and new fascia just installed a few weeks ago. All previous roof layers were removed. Investor's Opportunity, three units 1 bedroom 1 bathroom each one, with great potential to add more bedrooms on this 8,276 SF lot. One unit has been renovated recently, good tenants on a month to month contract, low rent. Each unit has their own Gas and Electric meter. Some of the units may need upgrades and cosmetic repairs. THESE UNITS ARE LOCATED ON THE OPPOSITE SIDE OF THE DRIVEWAY the other side is also for sale on its own price.

Last Agent to Sell the Property

Raul Lozano

Coldwell Banker Envision Brokerage Phone: 909-319-2293 License #01381705 Listed on: 08/26/2023

Coldwell Banker Envision

Last Buyer's Agent

Blake Cory

eXp Realty of California, Inc. License #01781649

eXp Realty of California, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1951

Lot Details

  • 8,276 Sq Ft Lot
  • 1 Common Wall
  • Front Yard

Parking

  • 4 Open Parking Spaces
  • 4 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Triplex
  • Entry on the 1st floor
  • Cosmetic Repairs Needed
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 1,748 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Floor Furnace
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for all utilities, cable TV, electricity, telephone
  • Legal Lot and Block 22 / 22
  • Tax Tract Number 22
  • Assessor Parcel Number 541350005
  • $64 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units
  • Solera Subdivision

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1
  • Fuel Expense $1
  • Insurance Expense $1
  • Trash Expense $1
  • Water Sewer Expense $1
  • Operating Expense $1
  • Gross Income $1
  • Net Operating Income $1

Property Details

Home Type

Multi-Family

Year Built

Built in 1951

Lot Details

0

Parking

4

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Solera (SLRA)
  • Water Sewer Expenses: 1.00
  • Zoning: R3
  • Property Condition: Repairs Cosmetic
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 541350005
  • Year Built: 1951
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 257.44
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No
  • Roof: Composition, Shingle

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Electricity Connected, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Floor Furnace
  • Laundry Features: Individual Room
  • Sewer: Sewer Paid
  • Trash Expense: 1.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 8276.00
  • Lot Size Acres: 0.1900
  • Latitude Manual: 33.92907500

Rental Info

  • Tenant Pays: All Utilities, Cable TV, Electricity, Telephone

Multi Family

  • Electric Expense: 1.00
  • Fuel Expense: 1.00
  • Gross Income: 1.00
  • Gross Scheduled Income: 1.00
  • Insurance Expense: 1.00
  • Lot Size Area: 8276.0000 Square Feet
  • Net Operating Income: 1.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 1.00
  • Rent Control: No
  • Total Actual Rent: 2400.00
  • Total Expenses: 1.00

Tax Info

  • Tax Block: 22
  • Tax Census Tract: 442.00
  • Tax Lot: 22
  • Tax Tract Number: 22
  • TaxOtherAnnualAssessmentAmount: 64.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 16, 2025
Sold by
Elufa Llc
Bought by
Jili Forever Llc
Current Estimated Value
$449,528

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$506,250
Interest Rate
6.76%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 11, 2025
Sold by
Jili Forever Llc
Bought by
Elufa Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$506,250
Interest Rate
6.76%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 26, 2023
Closed on
Jul 3, 2024
Sold by
Liao Hung-I and Chung Chia-Wu
Bought by
Jili Forever Llc
Seller's Agent
Raul Lozano
Coldwell Banker Envision
Buyer's Agent
Blake Cory
eXp Realty of California, Inc.
List Price
$447,000
Sold Price
$450,000
Premium/Discount to List
$3,000
0.67%
Views
202

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.06%

Purchase Details

Closed on
Aug 8, 2023
Sold by
Harrison Maritza Family Trust and Harrison Maritza
Bought by
Liao Hung-I and Chung Chia-Wu

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$337,500
Interest Rate
6.82%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 1, 2006
Sold by
Harrison Maritza
Bought by
Harrison Maritza

Purchase Details

Closed on
Jun 27, 2005
Sold by
Harrison Maritza
Bought by
Harrison Maritza

Purchase Details

Closed on
Apr 17, 2002
Sold by
Buchanan Earl
Bought by
Harrison Maritza

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,500
Interest Rate
6.83%
Mortgage Type
Seller Take Back
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

Date Buyer Sale Price Title Company
Jili Forever Llc -- None Listed On Document
Elufa Llc -- Old Republic Title
Jili Forever Llc -- None Listed On Document
Liao Hung-I $450,000 Orange Coast Title
Harrison Maritza -- Financial Title
Harrison Maritza -- Financial Title
Harrison Maritza -- --
Harrison Maritza $175,000 Commonwealth Land Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Elufa Llc $506,250
Previous Owner Liao Hung-I $337,500
Previous Owner Harrison Maritza $157,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/15/2024 05/15/24 Sold $450,000 +0.7% $257 / Sq Ft
03/20/2024 03/20/24 For Sale $447,000 -0.7% $256 / Sq Ft
03/19/2024 03/19/24 Off Market $450,000 -- --
03/12/2024 03/12/24 For Sale $447,000 -0.7% $256 / Sq Ft
02/22/2024 02/22/24 Off Market $450,000 -- --
08/26/2023 08/26/23 For Sale $447,000 -- $256 / 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 $1,713 $458,999 $91,802 $367,197
2023 $1,713 $117,810 $31,809 $86,001
2022 $1,677 $115,501 $31,186 $84,315
2021 $1,646 $113,237 $30,575 $82,662
2020 $1,630 $112,077 $30,262 $81,815
2019 $1,605 $109,880 $29,669 $80,211
2018 $1,594 $107,727 $29,088 $78,639
2017 $1,568 $105,616 $28,518 $77,098
2016 $1,492 $103,546 $27,959 $75,587
2015 $1,471 $101,992 $27,540 $74,452
2014 $1,461 $99,996 $27,001 $72,995
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: TR23160138

California Regional Multiple Listing Service (CRMLS)

APN: 541-350-005