NOT LISTED FOR SALE

Estimated Value: $425,000 - $503,000

3 Beds
2 Baths
1,579 Sq Ft
$290/Sq Ft Est. Value

Sale Details

Date Sold: November 27, 2019

Last sale price $305,000 $193 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $2,903 / mo

9 Days on Market

Highlights

  • Chain Link Fence
  • No Heating
  • 1-Story Property

About This Home

As of November 2019

Great Investment Duplex*** this 2-unit California Bungalow in Downtown Banning was recently rehabbed. Great opportunity if you have an investor mindset and want to live in a great space and generate income renting out the other. The 2-unit bungalow is 1,579 square feet and sits on a 6,534 square foot fenced lot with landscaping. Freshly painted exterior with punchy red accent door, the units are respectively 2 bed / 1 bath and 1 bed / 1 bath with natural lighting, eat-in kitchens with access to a large private shared backyard. Units have been remodeled with ceramic tile flooring, light fixtures, and air conditioning. The main unit also includes a wood burning fireplace, built-in bookshelves, generous concrete patio and detached garage. Both units are currently rented. Close to shopping, schools, and transportation. Just minutes from Cabazon outlet and Morongo Casino.

Last Agent to Sell the Property

Maria Barragan

Realty ONE Group United License #00994431 Listed on: 10/15/2019

Realty ONE Group United

Last Buyer's Agent

Ives Lopez

Ives Lopez, Broker License #01232368

Range of Values:

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Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1927 | Remodeled

Lot Details

  • 6,534 Sq Ft Lot
  • No Common Walls
  • Chain Link Fence
  • Density is up to 1 Unit/Acre

Parking

  • 1 Car Garage

Home Design

  • Duplex

Interior Spaces

  • 1,579 Sq Ft Home
  • 1-Story Property
  • Laundry in unit

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Utilities

  • No Heating

Listing and Financial Details

  • Tax Lot 3
  • Assessor Parcel Number 540081012

Community Details

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $625
  • Water Sewer Expense $1,380
  • New Taxes Expense $3,938
  • Operating Expense $5,943
  • Gross Income $32,100
  • Net Operating Income $26,157

Additional Features

  • 2 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1927 | Remodeled

Lot Details

6,534 Sq Ft Lot

Parking

1

Listing Details

  • Ad Number: Maria
  • Property Attached: No
  • Water Sewer Expenses: 1380.00
  • Zoning: R3
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 540081012
  • Year Built: 1927
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 193.16

Exterior Features

  • Fence: Yes
  • Fencing: Chain Link
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

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

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6534.00
  • Lot Size Acres: 0.1500

Rental Info

  • Garage Rental Rate: 700.00

Multi Family

  • Garage Income: 700.00
  • Gross Income: 32100.00
  • Gross Scheduled Income: 32100.00
  • Insurance Expense: 625.00
  • Lot Size Area: 6534.0000 Square Feet
  • Net Operating Income: 26157.00
  • 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: 5943.00
  • Rent Control: No
  • Total Expenses: 5943.00

Tax Info

  • New Taxes Expense: 3938.00
  • Tax Census Tract: 441.02
  • Tax Lot: 3

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
Oct 15, 2019
Closed on
Nov 27, 2019
Sold by
Baker Rommel
Bought by
Seller's Agent
Maria Barragan
Realty ONE Group United
Buyer's Agent
Ives Lopez
Ives Lopez, Broker
List Price
$325,000
Sold Price
$305,000
Premium/Discount to List
-$20,000
-6.15%
Current Estimated Value
$458,238

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$153,238
Avg. Annual Appreciation
6.20%

Purchase Details

Listed on
Oct 15, 2019
Closed on
Nov 18, 2019
Sold by
Anderson Ricky J and R L Anderson Living Trust
Bought by
Yasui Catherine M and Yasui Joint Living Trust
Seller's Agent
Maria Barragan
Realty ONE Group United
Buyer's Agent
Ives Lopez
Ives Lopez, Broker
List Price
$325,000
Sold Price
$305,000
Premium/Discount to List
-$20,000
-6.15%

Purchase Details

Closed on
May 25, 2007
Sold by
Anderson Ricky L
Bought by
The R L Anderson Living Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,000
Interest Rate
6.11%
Mortgage Type
Commercial

Purchase Details

Closed on
May 8, 2007
Sold by
Anderson Ricky L
Bought by
Anderson Ricky L and Anderson Juanita

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,000
Interest Rate
6.11%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 28, 2007
Sold by
Hogan Kenneth L and Hogan Jeana Lee
Bought by
Anderson Ricky L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,000
Interest Rate
6.11%
Mortgage Type
Commercial

Purchase Details

Closed on
May 3, 2000
Sold by
Woodley Maria L
Bought by
Hogan Kenneth L and Hogan Jeana Lee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$61,600
Interest Rate
10.37%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 22, 1994
Sold by
Woodley Glenn E
Bought by
Woodley Maria L
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Banning, CA

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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
-- Stewart Title
Yasui Catherine M $305,000 Stewart Title
The R L Anderson Living Trust -- None Available
Anderson Ricky L -- Accommodation
Anderson Ricky L $270,000 Orange Coast Title Of The In
Hogan Kenneth L $77,000 First American Title Co
Woodley Maria L -- --
Woodley Maria L -- --
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 $255,000
Previous Owner Anderson Ricky L $216,000
Previous Owner Hogan Kenneth L $167,671
Previous Owner Hogan Kenneth L $153,362
Previous Owner Hogan Kenneth L $46,410
Previous Owner Hogan Jeana Lee $93,700
Previous Owner Hogan Kenneth L $61,600
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
11/27/2019 11/27/19 Sold $305,000 -6.2% $193 / Sq Ft
10/15/2019 10/15/19 For Sale $325,000 -- $206 / 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
2026 $4,645 $340,229 $33,463 $306,766
2025 $4,552 $333,558 $32,807 $300,751
2023 $4,552 $320,607 $31,534 $289,073
2022 $4,454 $314,321 $30,916 $283,405
2021 $4,368 $308,159 $30,310 $277,849
2020 $4,331 $305,000 $30,000 $275,000
2019 $3,350 $234,000 $41,600 $192,400
2018 $3,265 $225,000 $40,000 $185,000
2017 $3,133 $215,000 $40,000 $175,000
2016 $2,316 $163,000 $35,000 $128,000
2015 $1,929 $135,000 $30,000 $105,000
2014 $1,883 $130,000 $30,000 $100,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS19223520

California Regional Multiple Listing Service (CRMLS)

APN: 540-081-012

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