NOT LISTED FOR SALE

492 N Alessandro St Banning, CA 92220

Estimated Value: $413,000 - $526,449

6 Beds
3 Baths
2,000 Sq Ft
$235/Sq Ft Est. Value

Last Sold November 26, 2018

Last sale price $355,000 $178 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $3,089/month

5 Days on Market

Highlights

  • No HOA
  • No Heating
  • 1-Story Property
  • Laundry Room

About This Home

As of November 2018

Centrally located triplex in city of Banning. Located across from middle school, walking distance to library, city hall, police station, court house. Property has new roof and exterior was just painted. Electrical panel was also recently upgraded. All units feature 2 bedrooms and 1 bath. There are 2 detached garages and a carport.

Last Agent to Sell the Property

EDWARD GUTIERREZ

GATEWAY HOME SERVICES License #01434990 Listed on: 11/09/2018

Last Buyer's Agent

Rodrigo Chavez

EMPIRE REALTY GROUP License #01356114

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,393

Year Built

  • Built in 1946

Lot Details

  • 9,583 Sq Ft Lot
  • 1 Common Wall

Parking

  • 2 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 2,000 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Utilities

  • No Heating

Listing and Financial Details

  • Tax Lot 22
  • Tax Tract Number 422
  • Assessor Parcel Number 541350001

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,000
  • Trash Expense $600
  • Water Sewer Expense $1,200
  • New Taxes Expense $4,488
  • Operating Expense $7,288
  • Gross Income $29,100
  • Net Operating Income $21,812

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,393

Year Built

Built in 1946

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 1200.00
  • Zoning: R3
  • Property Type: Residential Income
  • Parcel Number: 541350001
  • Year Built: 1946
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 177.50

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: No
  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 600.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 9583.00
  • Lot Size Acres: 0.2200

Multi Family

  • Gross Income: 29100.00
  • Gross Scheduled Income: 29100.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 9583.0000 Square Feet
  • Net Operating Income: 21812.00
  • 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: 7288.00
  • Rent Control: No
  • Total Actual Rent: 2425.00
  • Total Expenses: 7288.00

Tax Info

  • New Taxes Expense: 4488.00
  • Tax Census Tract: 442.00
  • Tax Lot: 22
  • Tax Tract Number: 422

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 14, 2018
Sold by
Bermudez Frank and Bermudez Maria
Bought by
Virrey Elvia and Almendariz Yelikza
Current Estimated Value
$484,360

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$305,250
Interest Rate
5.5%
Mortgage Type
FHA

Purchase Details

Closed on
May 16, 2016
Sold by
Bermudez Frank and Bermudez Maria
Bought by
Bermudez Family Trust

Purchase Details

Closed on
Feb 13, 2008
Sold by
Bermudez Maria
Bought by
Bermudez Frank and Bermudez Maria

Purchase Details

Closed on
Apr 13, 2005
Sold by
Bermudez Frank
Bought by
Bermudez Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$237,250
Interest Rate
5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 12, 2005
Sold by
Mimbs Charles and Tan Maria Teresa
Bought by
Bermudez Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$237,250
Interest Rate
5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 8, 2004
Sold by
Mimbs Juanita O
Bought by
Mimbs Charles

Purchase Details

Closed on
Apr 26, 2004
Sold by
Crown Acquisitions Inc
Bought by
Mimbs Charles and Tan Maria Teresa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$248,000
Interest Rate
6%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 22, 2003
Sold by
Elliott William J and Elliott Bill
Bought by
Crown Acquisitions Inc

Purchase Details

Closed on
Feb 4, 2002
Sold by
Elliott William J
Bought by
Elliott William J and Elliott Family Living Trust

Purchase Details

Closed on
Feb 28, 1999
Sold by
Elliott William J and Elliott Donna Marie
Bought by
Elliott William J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$54,674
Interest Rate
6.76%
Mortgage Type
FHA
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
Virrey Elvia $355,000 Fidelity National Title Comp
Bermudez Family Trust -- None Available
Bermudez Frank -- Southland Title Corporation
Bermudez Maria -- Chicago Title Co
Bermudez Maria $360,000 Chicago Title Co
Mimbs Charles -- Fidelity National Title Ins
Mimbs Charles $310,000 Fidelity National Title Co
Crown Acquisitions Inc $110,000 Fidelity National Title Co
Elliott William J -- --
Elliott William J -- --
Elliott William J -- Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Virrey Iselvia $300,103
Previous Owner Virrey Elvia $305,250
Previous Owner Bermudez Maria $237,250
Previous Owner Mimbs Charles $248,000
Previous Owner Elliott William J $54,674
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/26/2018 11/26/18 Sold $355,000 0.0% $178 / Sq Ft
11/14/2018 11/14/18 Pending -- -- --
11/14/2018 11/14/18 Price Changed $355,000 -6.6% $178 / Sq Ft
11/09/2018 11/09/18 For Sale $379,900 -- $190 / 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 $5,393 $396,002 $44,617 $351,385
2023 $5,393 $380,628 $42,886 $337,742
2022 $5,276 $373,166 $42,046 $331,120
2021 $5,175 $365,850 $41,222 $324,628
2020 $5,132 $362,100 $40,800 $321,300
2019 $5,051 $355,000 $40,000 $315,000
2018 $3,480 $240,000 $40,000 $200,000
2017 $3,205 $220,000 $35,000 $185,000
2016 $2,220 $156,000 $30,000 $126,000
2015 $2,068 $145,000 $27,000 $118,000
2014 $1,771 $122,000 $25,000 $97,000
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2018

    EDWARD GUTIERREZ

    GATEWAY HOME SERVICES

    (909) 373-2505

    13 Total Sales

    Section Image
  • Rodrigo Chavez

    Buyer's Agent in 2018

    Rodrigo Chavez

    EMPIRE REALTY GROUP

    (909) 774-8300

    69 Total Sales

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV18270213

California Regional Multiple Listing Service (CRMLS)

APN: 541-350-001

California Riverside County Banning 92220

492 N Alessandro St, Banning, CA

This home is located at 492 N Alessandro St, Banning, CA 92220 since 09 November 2018 and is currently estimated at $470,612, approximately $235 per square foot. This property was built in 1946. 492 N Alessandro 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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