Seller's Agent in 2022
Deborah Leisher
Independent Properties
(951) 265-8032
1 in this area
14 Total Sales
309 N 2nd St Banning, CA 92220
Estimated Value: $542,000 - $615,000
5
Beds
3
Baths
1,738
Sq Ft
$328/Sq Ft
Est. Value
About This Home
As of October 2022TRIPLEX!!! A really nice and a fantastic opportunity for an incredible return on your investment. Each unit has it’s own 1 car garage. Units consist of 1 1 bed and bath above the garage and 2 2 bedroom 1 bath unit above the garages. The 2 bedroom units have a wood burning fireplace for those chilly nights. This property has been upgraded. All units have a new A/C unit, new paint, new vinyl plank flooring and carpeting. The landscaping is complete and all units have their own washer and dryer hookups. Tenants pay their own electric and gas. Rents are going up with every turnover. Quick access to the 10 Freeway. Do not miss this opportunity!!!
Last Agent to Sell the Property
Independent Properties License #01464657 Listed on: 09/12/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,826
Year Built
- Built in 1934
Lot Details
- 5,663 Sq Ft Lot
- 1 Common Wall
- Private Yard
Parking
- 4 Open Parking Spaces
- 3 Car Garage
- Parking Available
- Three Garage Doors
Home Design
- 1,738 Sq Ft Home
- Triplex
Bedrooms and Bathrooms
- 5 Bedrooms
- 3 Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
Listing and Financial Details
- Tenant pays for all utilities
- Tax Lot 6-P7
- Tax Tract Number 224
- Assessor Parcel Number 540152013
- $1,572 per year additional tax assessments
Community Details
Overview
- 3 Buildings
- 3 Units
Building Details
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 3 Separate Water Meters
- Gardener Expense $100
- Insurance Expense $165
- Trash Expense $140
- New Taxes Expense $5,371
- Operating Expense $10,231
- Net Operating Income $43,140
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 12, 2022
Closed on
Sep 21, 2022
Sold by
Bustos Frank Jacob
Bought by
Cross M I Trust
Seller's Agent
Deborah Leisher
Independent Properties
Buyer's Agent
Joseph Petrone
United Real Estate San Diego
List Price
$559,000
Sold Price
$554,500
Premium/Discount to List
-$4,500
-0.81%
Views
6
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
$15,706
Avg. Annual Appreciation
0.95%
Original Mortgage
$415,875
Outstanding Balance
$398,590
Interest Rate
5.66%
Mortgage Type
New Conventional
Estimated Equity
$171,616
Purchase Details
Closed on
Nov 23, 2021
Sold by
Jacob Bustos Trust and Bustos Frank Jacob
Bought by
Bustos Frank Jacob
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Interest Rate
3.09%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 6, 2020
Sold by
Bustos Frank Jacob
Bought by
Bustos Frank Jacob
Purchase Details
Listed on
Dec 19, 2018
Closed on
Jul 16, 2019
Sold by
Banning United Methodist Church
Bought by
Banning United Methodist Church
Seller's Agent
Peter Tripp
Better Homes & Gardens R.E. Oak Valley
Buyer's Agent
Deborah Leisher
Independent Properties
List Price
$398,000
Sold Price
$355,000
Premium/Discount to List
-$43,000
-10.8%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.97%
Purchase Details
Closed on
May 2, 2019
Sold by
Banning United Methodist Church
Bought by
Bustos Frank Jacob
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$348,570
Interest Rate
3.82%
Mortgage Type
FHA
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 |
|---|---|---|---|
| Cross M I Trust | $554,500 | Chicago Title | |
| Bustos Frank Jacob | -- | Chicago Title | |
| Bustos Frank Jacob | -- | Chicago Title | |
| Bustos Frank Jacob | -- | Accommodation | |
| Banning United Methodist Church | -- | First American Title Company | |
| Bustos Frank Jacob | $383,000 | First America Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Cross M I Trust | $415,875 | |
| Previous Owner | Bustos Frank Jacob | $375,000 | |
| Previous Owner | Bustos Frank Jacob | $348,570 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/13/2022 10/13/22 | Sold | $554,500 | -0.8% | $319 / Sq Ft | |
| 09/12/2022 09/12/22 | For Sale | $559,000 | +57.5% | $322 / Sq Ft | |
| 07/25/2019 07/25/19 | Sold | $355,000 | -10.8% | $204 / Sq Ft | View Prior Sale |
| 04/20/2019 04/20/19 | For Sale | $398,000 | +12.1% | $229 / Sq Ft | |
| 03/25/2019 03/25/19 | Off Market | $355,000 | -- | -- | |
| 12/19/2018 12/19/18 | For Sale | $398,000 | -- | $229 / 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 | $7,826 | $576,900 | $101,969 | $474,931 |
| 2023 | $7,826 | $554,500 | $98,010 | $456,490 |
| 2022 | $5,479 | $394,705 | $77,292 | $317,413 |
| 2021 | $5,372 | $386,967 | $75,777 | $311,190 |
| 2020 | $5,346 | $383,000 | $75,000 | $308,000 |
| 2019 | $468 | $29,085 | $7,188 | $21,897 |
| 2018 | $464 | $28,516 | $7,048 | $21,468 |
| 2017 | $456 | $27,958 | $6,910 | $21,048 |
| 2016 | $435 | $27,411 | $6,775 | $20,636 |
| 2015 | $429 | $27,001 | $6,674 | $20,327 |
| 2014 | $426 | $26,475 | $6,545 | $19,930 |
Source: Public Records
Agents Affiliated with this Home
-
Deborah Leisher
-
Joseph Petrone
Buyer's Agent in 2022
Joseph Petrone
United Real Estate San Diego
(858) 391-6684
1 in this area
14 Total Sales
-
Peter Tripp
Seller's Agent in 2019
Peter Tripp
Better Homes & Gardens R.E. Oak Valley
(951) 966-4870
13 in this area
65 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SW22199115
APN: 540-152-025
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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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