NOT LISTED FOR SALE

562 Penrose Dr Corona, CA 92880

North Corona Neighborhood

Estimated Value: $1,155,508 - $1,434,000

8 Beds
4 Baths
4,120 Sq Ft
$303/Sq Ft Est. Value

Last Sold August 07, 2012

Last sale price $392,000 $95 Per Sq Ft

Est. 219% increase in value since last sale

Current estimated payment $6,986/month

87 Days on Market

Highlights

  • No HOA
  • Forced Air Heating and Cooling System
  • Carpet
  • Laundry Room

About This Home

As of August 2012

Good Opportunity to get started with a low maintanance Four-Plex - Potential for Owner Occupant Purchaser to use 3.5% Down FHA Financing.
DO NOT DISTURB TENANTS- Four Town Home Style Units- all 2 bedroom with 1/1/2 baths each over 1000 square feet. 4 Single Car Spaces. Easy Rental location

Last Agent to Sell the Property

Scott Chappell

Liberty Real Estate Services Brokerage Phone: 951-313-4350 License #00588898 Listed on: 11/08/2011

Last Buyer's Agent

Scott Chappell

Liberty Real Estate Services Brokerage Phone: 951-313-4350 License #00588898 Listed on: 11/08/2011

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,054

Year Built

  • Built in 1966 | Remodeled

Lot Details

  • 8,033

Parking

  • 4 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Frame Construction
  • Composition Roof
  • Stucco

Interior Spaces

  • 4,120 Sq Ft Home
  • Carpet
  • Laundry Room

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Additional Features

  • 8,033 Sq Ft Lot
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Tax Lot 12
  • Tax Tract Number 2745
  • Assessor Parcel Number 119081024

Community Details

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $300
  • Fuel Expense $1,000
  • Gardener Expense $1,200
  • Insurance Expense $1,400
  • Maintenance Expense $2,370
  • Trash Expense $1,165
  • Water Sewer Expense $3,000
  • New Taxes Expense $4,500
  • Operating Expense $15,010
  • Gross Income $3,950
  • Net Operating Income $32,390

Additional Features

  • No Home Owners Association
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,054

Year Built

Built in 1966 | Remodeled

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • Price Per Unit: 9997
  • Water Sewer Expenses: 3000.00
  • Property Condition: Updated/Remodeled
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 119081024
  • Year Built: 1966
  • Special Features: 12
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Flooring: Carpet
  • Levels: Two
  • Price Per Square Foot: 95.15

Exterior Features

  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Frame, Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air
  • Laundry Features: Community
  • Trash Expense: 1165.00
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Size Sq Ft: 8033.00
  • Lot Size Acres: 0.1800

Multi Family

  • Average1 Bed Area: 200
  • Average2 Bed Area: 200
  • Electric Expense: 300.00
  • Fuel Expense: 1000.00
  • Gross Income: 3950.00
  • Gross Multiplier: 8.44
  • Gross Operating Income: 45030.00
  • Gross Scheduled Income: 47400.00
  • Gross Spendable Income: 41428.00
  • Insurance Expense: 1400.00
  • Lot Size Area: 8033.0000 Square Feet
  • Maintenance Expense: 2370.00
  • Maintenance Percent: 5.00
  • Net Operating Income: 32390.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Operating Expense: 15010.00
  • Operating Expense Percent: 32.00
  • Rent Control: No
  • Total Expenses: 15010.00
  • Vacancy Allowance: 2370
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 4500.00
  • Tax Lot: 12
  • Tax Tract Number: 2745
  • Tax Annual Amount: 5054.00
  • Tax Year: 2010

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 20, 2012
Sold by
Pepic Amir and Pepic Fatmira M
Bought by
Chang Yen Huang and Tang Qin
Current Estimated Value
$1,249,877

Purchase Details

Closed on
Nov 14, 2005
Sold by
Pepic Amir
Bought by
Pepic Amir and Pepic Fatmira M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$471,250
Interest Rate
5.93%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 8, 2003
Sold by
Hughes John L and Hughes Connie
Bought by
Pepic Amir

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,000
Interest Rate
6.25%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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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
Chang Yen Huang -- Stewart Title Riverside
Pepic Amir -- Ticor Title
Pepic Amir $425,000 Fidelity National Title
Pepic Amir -- Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Pepic Amir $471,250
Previous Owner Pepic Amir $340,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/07/2012 08/07/12 Sold $392,000 -2.0% $95 / Sq Ft
02/03/2012 02/03/12 Pending -- -- --
11/08/2011 11/08/11 For Sale $399,900 -- $97 / 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 $5,333 $482,703 $173,623 $309,080
2023 $5,333 $463,961 $166,882 $297,079
2022 $5,165 $454,864 $163,610 $291,254
2021 $5,063 $445,946 $160,402 $285,544
2020 $5,008 $441,375 $158,758 $282,617
2019 $4,893 $432,722 $155,646 $277,076
2018 $4,784 $424,239 $152,596 $271,643
2017 $4,667 $415,921 $149,604 $266,317
2016 $4,622 $407,767 $146,671 $261,096
2015 $4,521 $401,644 $144,469 $257,175
2014 $4,358 $393,779 $141,640 $252,139
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: K11147288

California Regional Multiple Listing Service (CRMLS)

APN: 119-081-024