NOT LISTED FOR SALE

520 S Palm Ave Ontario, CA 91762

Downtown Ontario Neighborhood

Estimated Value: $566,939 - $820,000

4 Beds
2 Baths
1,396 Sq Ft
$484/Sq Ft Est. Value

Last Sold May 17, 2019

Last sale price $411,000 $294 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $4,116/month

13 Days on Market

About This Home

As of May 2019

Charming duplex in excellent condition!
Each unit has 2 big bedrooms and 1 bathroom. Both units offer spacious living rooms and kitchen/nook areas.
Separate enclosed front and backyards plus their own garage with a roll up door. Will sell fast!
Truly a must see! **AGENTS READ NEW SHOWING INSTRUCTIONS**

Last Agent to Sell the Property

Paul Munoz

Freemanfoxx Realty License #01223120 Listed on: 04/19/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,204

Year Built

  • Built in 1952

Lot Details

  • 4,891 Sq Ft Lot
  • 1 Common Wall
  • Private Yard

Parking

  • 4 Car Garage

Home Design

  • 1,396 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Listing and Financial Details

  • Tax Lot 22
  • Tax Tract Number 16
  • Assessor Parcel Number 1049274090000

Community Details

Overview

  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $30,000
  • Net Operating Income $28,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,204

Year Built

Built in 1952

Lot Details

0

Parking

4

Listing Details

  • Property Attached: Yes
  • Property Type: Residential Income
  • Parcel Number: 1049274090000
  • Year Built: 1952
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 294.41

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Yard
  • Lot Size Sq Ft: 4891.00
  • Lot Size Acres: 0.1123

Multi Family

  • Gross Income: 30000.00
  • Gross Scheduled Income: 30000.00
  • Lot Size Area: 4891.0000 Square Feet
  • Net Operating Income: 28800.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 1200.00
  • Rent Control: No
  • Total Actual Rent: 2.00

Tax Info

  • Tax Census Tract: 16.00
  • Tax Lot: 22
  • Tax Tract Number: 0016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 19, 2019
Closed on
May 8, 2019
Sold by
Felix Fernando Ramon
Bought by
Chen Lee Sam
Seller's Agent
Paul Munoz
Freemanfoxx Realty
List Price
$399,900
Sold Price
$411,000
Premium/Discount to List
$11,100
2.78%
Current Estimated Value
$675,735

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$264,735
Avg. Annual Appreciation
8.24%

Purchase Details

Closed on
May 15, 2017
Sold by
Felix Fernando Ramon
Bought by
Felix Fernando Ramon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
4.08%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 20, 2015
Closed on
Jun 30, 2015
Sold by
Soto Michael J
Bought by
Felix Fernando Ramon and Reyes Gustavo
Seller's Agent
Gustavo Mendoza
Gustavo Mendoza, Broker
Buyer's Agent
Paul Munoz
Freemanfoxx Realty
List Price
$328,899
Sold Price
$329,000
Premium/Discount to List
$101
0.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.36%
Original Mortgage
$263,200
Interest Rate
3.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 3, 2009
Sold by
Lasalle Bank Na
Bought by
Soto Michael J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$181,649
Interest Rate
5.19%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 3, 2008
Sold by
Boone Kenneth L
Bought by
Lasalle Bank Na and Mlmi Trust Series 2006-Wmc2

Purchase Details

Closed on
Aug 21, 2007
Sold by
Boone Kenneth L
Bought by
Lasalle Bank Na and Mlmi Trust Series 2006-Wmc2

Purchase Details

Closed on
Jun 7, 2007
Sold by
Boone Kenneth
Bought by
Carpenter Group

Purchase Details

Closed on
Dec 20, 2006
Sold by
Boone Kenneth L
Bought by
Cromwell Group

Purchase Details

Closed on
Jan 11, 2006
Sold by
Payne Kelvin
Bought by
Boone Kenneth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$384,000
Interest Rate
6.21%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Aug 27, 2004
Sold by
Monroy Carlos
Bought by
Payne Kelvin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$284,800
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 25, 2001
Sold by
Amresco Residential Mtg Corp
Bought by
Monroy Carlos and Monroy Barbara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$71,920
Interest Rate
9.3%

Purchase Details

Closed on
Dec 7, 2000
Sold by
Salazar Martha
Bought by
Amresco Residential Mtg Corp
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Chen Lee Sam $411,000 Orange Coast Title Company
Felix Fernando Ramon -- Wfg National Title
Felix Fernando Ramon $329,000 Orange Coast Title Co Socal
Soto Michael J $185,000 Lsi Title Agency Inc
Lasalle Bank Na $163,191 American Title
Lasalle Bank Na $355,835 Fnt
Carpenter Group -- None Available
Jackson Regina Elaine -- None Available
Sackett John Riley -- None Available
Summers Dream -- None Available
Hill View Holdings -- None Available
Cromwell Group -- None Available
Boone Kenneth $480,000 National Title Service
Payne Kelvin $356,000 Ticor Title Co
Monroy Carlos $90,000 Fidelity National Title Ins
Amresco Residential Mtg Corp $110,891 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Felix Fernando Ramon $260,000
Previous Owner Felix Fernando Ramon $263,200
Previous Owner Soto Michael J $207,750
Previous Owner Soto Michael J $181,339
Previous Owner Soto Michael J $181,649
Previous Owner Boone Kenneth $30,475
Previous Owner Boone Kenneth $384,000
Previous Owner Payne Kelvin $24,000
Previous Owner Payne Kelvin $284,800
Previous Owner Monroy Carlos $156,100
Previous Owner Monroy Carlos $120,000
Previous Owner Monroy Carlos $71,920
Previous Owner Salazar Martha $101,250
Closed Payne Kelvin $71,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/17/2019 05/17/19 Sold $411,000 +2.8% $294 / Sq Ft
05/02/2019 05/02/19 Pending -- -- --
04/19/2019 04/19/19 For Sale $399,900 +21.6% $286 / Sq Ft
07/10/2015 07/10/15 Sold $329,000 0.0% $236 / Sq Ft
05/15/2015 05/15/15 Pending -- -- --
03/31/2015 03/31/15 For Sale $328,899 -- $236 / 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 $5,204 $458,478 $160,635 $297,843
2024 $5,204 $449,488 $157,485 $292,003
2023 $4,789 $440,674 $154,397 $286,277
2022 $4,726 $432,034 $151,370 $280,664
2021 $4,697 $423,563 $148,402 $275,161
2020 $4,615 $419,220 $146,880 $272,340
2019 $4,145 $359,139 $123,912 $235,227
2018 $3,945 $352,097 $121,482 $230,615
2017 $3,699 $335,580 $117,300 $218,280
2016 $2,181 $201,247 $81,587 $119,660
2015 $2,167 $198,224 $80,361 $117,863
2014 -- $194,341 $78,787 $115,554
Source: Public Records

Agents Affiliated with this Home

  • Paul Munoz

    Seller's Agent in 2019

    Paul Munoz

    Freemanfoxx Realty

    (213) 595-7231

    62 Total Sales

    Paul Munoz
    Section Image

  • G

    Seller's Agent in 2015

    Gustavo Mendoza

    Gustavo Mendoza, Broker

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: TR19089185

California Regional Multiple Listing Service (CRMLS)

APN: 1049-274-09

California San Bernardino County Ontario 91762 Downtown Ontario

520 S Palm Ave, Ontario, CA

This home is located at 520 S Palm Ave, Ontario, CA 91762 since 19 April 2019 and is currently estimated at $675,735, approximately $484 per square foot. This property was built in 1952. 520 S Palm Ave is a home located in San Bernardino County with nearby schools including Euclid Elementary School, Vina Danks Middle, and Ontario 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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