NOT LISTED FOR SALE

380 E Nicolet St Banning, CA 92220

14 Beds
11 Baths
-- Sq Ft
2.18 Acre Lot

Sale Details

Date Sold: December 30, 2014

Last sale price $1,175,000

22 Days on Market

About This Home

As of December 2014

LARGE INCOME PROPERTY IN EAST BANNING WITH 25 UNITS BEING SOLD "AS-IS".

Last Agent to Sell the Property

Tammy Newsom

BERKSHIRE HATHAWAY HOMESERVICES CALIFORNIA REALTY License #01714049 Listed on: 08/20/2014

BERKSHIRE HATHAWAY HOMESERVICES CALIFORNIA REALTY

Last Buyer's Agent

Tammy Newsom

BERKSHIRE HATHAWAY HOMESERVICES CALIFORNIA REALTY License #01714049 Listed on: 08/20/2014

BERKSHIRE HATHAWAY HOMESERVICES CALIFORNIA REALTY

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1930

Lot Details

  • 2.18 Acre Lot
  • 1 Common Wall

Home Design

  • Property Attached

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 11 Bathrooms

Parking

  • 25 Parking Spaces
  • On-Street Parking

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 541103031

Community Details

Overview

  • 24 Buildings
  • 25 Units

Building Details

  • 21 Leased Units
  • 24 Separate Electric Meters
  • 24 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $4,800
  • Insurance Expense $12,000
  • Maintenance Expense $18,000
  • Trash Expense $2,400
  • Water Sewer Expense $16,800
  • New Taxes Expense $19,425
  • Gross Income $13,500
  • Net Operating Income $61,404

Property Details

Home Type

Multi-Family

Year Built

Built in 1930

Lot Details

2.18 Acres

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Water Sewer Expenses: 16800.00
  • Property Type: Residential Income
  • Parcel Number: 541103031
  • Year Built: 1930
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: One

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: No
  • Parking Features: Street
  • Total Parking Spaces: 25.00

Utilities

  • Utilities: Sewer Connected
  • Trash Expense: 2400.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Street Lights

Lot Info

  • Lot Size Sq Ft: 94961.00
  • Lot Size Acres: 2.1800

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 4800.00
  • Gross Income: 13500.00
  • Gross Scheduled Income: 150900.00
  • Insurance Expense: 12000.00
  • Lot Size Area: 94961.0000 Square Feet
  • Maintenance Expense: 18000.00
  • Net Operating Income: 61404.00
  • Number Of Separate Electric Meters: 24
  • Number Of Separate Gas Meters: 24
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 21
  • Number Of Units Total: 25
  • Operating Expense: 67896.00
  • Rent Control: No
  • Total Actual Rent: 11950.00

Tax Info

  • New Taxes Expense: 19425.00
  • Tax Year: 2013

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

Closed on
Apr 15, 2019
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
$1,560,000
Interest Rate
0.04%
Mortgage Type
Construction

Purchase Details

Closed on
Aug 25, 2017
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
$1,750,000
Interest Rate
0.0392%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 17, 2014
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
$725,000
Interest Rate
0.0396%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 8, 2003
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
$700,000
Interest Rate
0.056%
Mortgage Type
Seller Take Back
Source: Public Records
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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
-- Orange Coast Title Co
$1,750,000 Orange Coast Title Co
$1,175,000 Landwood Title
$800,000 First American Title 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
Closed $1,560,000
Closed $1,750,000
Closed $695,280
Closed $822,000
Closed $725,000
Closed $700,000
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
12/30/2014 12/30/14 Sold $1,175,000 -9.3% --
09/06/2014 09/06/14 Pending -- -- --
08/15/2014 08/15/14 For Sale $1,295,000 -- --
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 $27,010 $1,991,198 $568,913 $1,422,285
2023 $27,010 $1,913,879 $546,822 $1,367,057
2022 $26,426 $1,876,352 $536,100 $1,340,252
2021 $25,916 $1,839,562 $525,589 $1,313,973
2020 $25,712 $1,820,700 $520,200 $1,300,500
2019 $25,223 $1,785,000 $510,000 $1,275,000
2018 $25,071 $1,750,000 $500,000 $1,250,000
2017 $17,536 $1,216,775 $300,310 $916,465
2016 $16,675 $1,192,918 $294,422 $898,496
2015 $16,439 $1,175,000 $290,000 $885,000
2014 $13,269 $934,105 $220,364 $713,741
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV14177815

California Regional Multiple Listing Service (CRMLS)

APN: 541-103-031

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