NOT LISTED FOR SALE

294 N Cherry St Banning, CA 92220

Estimated Value: $443,113 - $479,000

5 Beds
2 Baths
1,884 Sq Ft
$245/Sq Ft Est. Value

Last Sold July 18, 2022

Last sale price $432,000 $229 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $2,957/month

40 Days on Market

Highlights

  • Private Yard
  • Central Air
  • 1-Story Property
  • Laundry Room
  • No Heating

About This Home

As of July 2022

*Duplex with separate meters* One unit is a 3 bedroom 1 bath and the other unit is 2 bedroom 1 bath. New kitchen has been installed.

Last Agent to Sell the Property

CESAR GOMEZ

ALIGN HOMES License #01876957 Listed on: 04/01/2022

Co-Listed By

Sahar Moghadam

ALIGN HOMES License #01929595

Last Buyer's Agent

Prashant Sampat

Pacific Avenue Realty License #01916221

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,111

Year Built

  • Built in 1959

Lot Details

  • 6,534 Sq Ft Lot
  • No Common Walls
  • Private Yard
  • Lawn
  • Back and Front Yard

Interior Spaces

  • 1,884 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Parking

  • 1 Open Parking Space
  • 1 Parking Space
  • Parking Available
  • Driveway

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Suburban Location

Utilities

  • Central Air
  • No Heating

Listing and Financial Details

  • Tax Lot 34
  • Tax Tract Number 1
  • Assessor Parcel Number 541132009

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,111

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Other Phone Number: 909-921-1012
  • Price Per Unit: 199950
  • Property Attached: No
  • Zoning: R2
  • Property Type: Residential Income
  • Parcel Number: 541132009
  • Year Built: 1959
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 229.30

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway
  • Total Parking Spaces: 1.00
  • Uncovered Spaces: 1.00

Utilities

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

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Storm Drains, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Lawn, Lot 6500-9999, Yard
  • Lot Size Sq Ft: 6534.00
  • Lot Size Acres: 0.1500

Multi Family

  • Lot Size Area: 6534.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Rent Control: No

Tax Info

  • Tax Census Tract: 442.00
  • Tax Lot: 34
  • Tax Tract Number: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 1, 2022
Closed on
Jul 13, 2022
Sold by
Lightspeed Investments
Bought by
Mahmood Entsar
Seller's Agent
CESAR GOMEZ
ALIGN HOMES
Buyer's Agent
Prashant Sampat
Pacific Avenue Realty
List Price
$349,900
Sold Price
$432,000
Premium/Discount to List
$82,100
23.46%
Total Days on Market
40
Current Estimated Value
$461,278

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$29,278
Avg. Annual Appreciation
2.45%
Original Mortgage
$302,400
Outstanding Balance
$291,628
Interest Rate
6%
Mortgage Type
New Conventional
Estimated Equity
$171,431

Purchase Details

Listed on
Apr 1, 2022
Closed on
Jun 16, 2022
Sold by
Entsar Mahmood
Bought by
Hers Real Estate Llc
Seller's Agent
CESAR GOMEZ
ALIGN HOMES
Buyer's Agent
Prashant Sampat
Pacific Avenue Realty
List Price
$349,900
Sold Price
$432,000
Premium/Discount to List
$82,100
23.46%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$302,400
Outstanding Balance
$291,628
Interest Rate
6%
Mortgage Type
New Conventional
Estimated Equity
$171,431

Purchase Details

Listed on
Apr 1, 2022
Closed on
Jun 15, 2022
Sold by
Salam Mahmood
Bought by
Mahmood Entsar
Seller's Agent
CESAR GOMEZ
ALIGN HOMES
Buyer's Agent
Prashant Sampat
Pacific Avenue Realty
List Price
$349,900
Sold Price
$432,000
Premium/Discount to List
$82,100
23.46%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$302,400
Outstanding Balance
$291,628
Interest Rate
6%
Mortgage Type
New Conventional
Estimated Equity
$171,431

Purchase Details

Closed on
Mar 8, 2022
Sold by
Latanya Taylor La
Bought by
Lightspeed Investments

Purchase Details

Closed on
Apr 14, 2011
Sold by
Wilson Ivy
Bought by
Taylor La Tanya

Purchase Details

Closed on
Jun 23, 2010
Sold by
Pellum Thomye L
Bought by
Pellum Thomye L and The Thomye L Pellum Revocable Living Tru
Source: Public Records

Range of Values:

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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
Mahmood Entsar $432,000 First American Title
Hers Real Estate Llc -- First American Title
Mahmood Entsar -- First American Title
Lightspeed Investments $290,000 First American Title
Taylor La Tanya -- None Available
Pellum Thomye L -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mahmood Entsar $302,400
Previous Owner Taylor Latanya $152,625
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/18/2022 07/18/22 Sold $432,000 +8.0% $229 / Sq Ft
05/11/2022 05/11/22 Pending -- -- --
04/28/2022 04/28/22 Price Changed $399,900 +14.3% $212 / Sq Ft
04/01/2022 04/01/22 For Sale $349,900 -- $186 / 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
2023 $6,111 $432,000 $98,010 $333,990
2022 $1,568 $114,679 $24,140 $90,539
2021 $1,536 $112,431 $23,667 $88,764
2020 $1,521 $111,279 $23,425 $87,854
2019 $1,495 $109,098 $22,966 $86,132
2018 $1,483 $106,960 $22,516 $84,444
2017 $1,457 $104,864 $22,075 $82,789
2016 $1,384 $102,809 $21,643 $81,166
2015 $1,363 $101,267 $21,319 $79,948
2014 $1,352 $99,285 $20,902 $78,383
Source: Public Records

Agents Affiliated with this Home

  • CESAR GOMEZ

    Seller's Agent in 2022

    CESAR GOMEZ

    ALIGN HOMES

    (909) 921-1012

    5 in this area

    573 Total Sales

    CESAR GOMEZ
    Section Image

  • S

    Seller Co-Listing Agent in 2022

    Sahar Moghadam

    ALIGN HOMES

    (909) 229-9464

    4 in this area

    521 Total Sales

    Sahar Moghadam
    Section Image
  • Prashant Sampat

    Buyer's Agent in 2022

    Prashant Sampat

    Pacific Avenue Realty

    (562) 841-0227

    7 in this area

    215 Total Sales

    Prashant Sampat
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV22065307

California Regional Multiple Listing Service (CRMLS)

APN: 541-132-009

California Riverside County Banning 92220

294 N Cherry St, Banning, CA

This home is located at 294 N Cherry St, Banning, CA 92220 since 01 April 2022 and is currently estimated at $461,278, approximately $244 per square foot. This property was built in 1959. 294 N Cherry 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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