NOT LISTED FOR SALE

715 Beech Way Corning, CA 96021

Estimated Value: $278,000 - $335,000

6 Beds
3 Baths
2,340 Sq Ft
$128/Sq Ft Est. Value

Last Sold October 25, 2017

Last sale price $150,000 $64 Per Sq Ft

Est. 100% increase in value since last sale

Current estimated payment $1,774/month

13 Days on Market

Highlights

  • Private Yard
  • Neighborhood Views
  • Accessible Parking
  • No HOA
  • Laundry Room
  • West Facing Home

About This Home

As of October 2017

Great Deal on this Triplex. Great Investment opportunities with this 3 unit property. Large lot with many options: Leave as it is or add to or renovate to have something that has opportunities to produce even more income. Units are tenant occupied and must have 24 hour notice to show.

Last Agent to Sell the Property

Teresa Smith

Teresa E Smith, Broker License #01500355 Listed on: 09/22/2017

Last Buyer's Agent

Jon Rickey

Accent Properties License #01467842

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1945

Lot Details

  • 0.4 Acre Lot
  • Two or More Common Walls
  • West Facing Home
  • Private Yard
  • Lawn

Home Design

  • Triplex
  • Slab Foundation
  • Fire Rated Drywall
  • Composition Roof
  • Wood Siding
  • Plaster

Interior Spaces

  • 2,340 Sq Ft Home
  • 1-Story Property
  • Blinds
  • Neighborhood Views
  • Gas Range

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • 220 Volts In Laundry

Utilities

  • Wall Furnace
  • 220 Volts in Kitchen
  • Natural Gas Connected
  • Phone Available
  • Cable TV Available

Additional Features

  • Accessible Parking
  • Urban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, telephone
  • Assessor Parcel Number 073143001000

Community Details

Overview

  • No Home Owners Association
  • 6 Units

Amenities

  • Laundry Facilities

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,200
  • Insurance Expense $1,200
  • Trash Expense $800
  • Water Sewer Expense $1,608
  • New Taxes Expense $1,593
  • Operating Expense $6,401
  • Gross Income $22,200
  • Net Operating Income $15,799

Property Details

Home Type

Multi-Family

Year Built

Built in 1945

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: Yes
  • Water Sewer Expenses: 1608.00
  • Zoning: CITY
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 073143001000
  • Year Built: 1945
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Vinyl
  • Accessibility Features: Parking
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 64.10
  • Room Type: All Bedrooms Down
  • Window Features: Blinds

Exterior Features

  • Direction Faces: West
  • Foundation: Slab
  • View: Neighborhood
  • Fence: No
  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Drywall Walls, Plaster, Wood Siding

Utilities

  • Utilities: Cable Available, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range
  • Electric: 220 Volts in Kitchen, 220 Volts in Laundry, Electricity - On Property
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 799.92
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lawn, Yard
  • Lot Size Sq Ft: 17500.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Telephone

Multi Family

  • Gross Income: 22200.00
  • Gross Scheduled Income: 22200.00
  • Insurance Expense: 1200.00
  • Net Operating Income: 15799.08
  • 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: 6
  • Number With Carpet: 2
  • Number With Range: 3
  • Number With Refrigerator: 1
  • Operating Expense: 6400.92
  • Rent Control: No
  • Total Actual Rent: 1825.00
  • Total Expenses: 6400.92

Tax Info

  • New Taxes Expense: 1593.00
  • Tax Census Tract: 10.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 3, 2019
Sold by
Rickey Tyler and Shope Scott
Bought by
Santamaria Winter George D and Santamaria Winter Maria Paloma
Current Estimated Value
$300,678

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,200
Outstanding Balance
$136,448
Interest Rate
4.3%
Mortgage Type
New Conventional
Estimated Equity
$164,230

Purchase Details

Listed on
Sep 22, 2017
Closed on
Oct 23, 2017
Sold by
Luthy David L and Luthy Shary K
Bought by
Rickey Tyler and Shope Scott
Seller's Agent
Teresa Smith
Teresa E Smith, Broker
Buyer's Agent
Jon Rickey
Accent Properties
List Price
$159,000
Sold Price
$150,000
Premium/Discount to List
-$9,000
-5.66%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.87%
Original Mortgage
$100,000
Interest Rate
3.78%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 13, 2005
Sold by
Green David and Zukrow Monica
Bought by
Luthy David and Luthy Shary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,000
Interest Rate
5.55%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jul 12, 2005
Sold by
Luthy David and Luthy Shary
Bought by
Luthy David L and Luthy Shary K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,000
Interest Rate
5.55%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Oct 20, 2003
Sold by
Turri David J E and Turri Teresa Renee
Bought by
Green David and Zukrow Monica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,000
Interest Rate
5.72%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 23, 2003
Sold by
Gonzalez Adolfo Alvarez
Bought by
Turri David J E and Turri Teresa Renee
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Santamaria Winter George D $207,000 Placer Title Co Simplife
Rickey Tyler $150,000 Placer Title Company
Luthy David $262,000 Northern California Title Co
Luthy David L -- --
Green David $125,000 Chicago Title Co
Turri David J E -- Northern California Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Santamaria Winter George D $155,200
Previous Owner Rickey Tyler $100,000
Previous Owner Luthy David $190,000
Previous Owner Green David $96,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/25/2017 10/25/17 Sold $150,000 -5.7% $64 / Sq Ft
10/05/2017 10/05/17 Pending -- -- --
09/22/2017 09/22/17 For Sale $159,000 -- $68 / 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 $2,383 $230,908 $39,040 $191,868
2023 $2,338 $221,943 $37,525 $184,418
2022 $2,305 $217,592 $36,790 $180,802
2021 $2,219 $213,326 $36,069 $177,257
2020 $2,242 $211,140 $35,700 $175,440
2019 $1,592 $153,000 $35,700 $117,300
2018 $1,595 $150,000 $35,000 $115,000
2017 $1,675 $155,591 $44,541 $111,050
2016 $1,593 $155,591 $44,541 $111,050
2015 -- $155,591 $44,541 $111,050
2014 $1,402 $135,298 $38,732 $96,566
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CH17219435

California Regional Multiple Listing Service (CRMLS)

APN: 073-143-001-000