NOT LISTED FOR SALE

Estimated Value: $785,258 - $974,000

5 Beds
3 Baths
2,503 Sq Ft
$335/Sq Ft Est. Value

Last Sold November 18, 2014

Last sale price $350,000 $140 Per Sq Ft

Est. 140% increase in value since last sale

Current estimated payment $4,778/month

41 Days on Market

Highlights

  • Peek-A-Boo Views
  • No HOA
  • Foothills
  • Centennial High School Rated A-
  • Cooling System Mounted To A Wall/Window
  • 5-minute walk to Joy Park

About This Home

As of November 2014

This beautiful huge rustic tri-plex is PRICED TO SELL. As part of Historic community , this legitimate tri-plex has a commanding presence on a large corner in gorgeous downtown Corona. The three units are all occupied at this time, with long term tenants. The main unit up front has a beautiful porch with lots of space as well as a huge living room and remodeled kitchen. The living room has a large rock fireplace and wood floors. This unit also has an extra (piano)room that can be used as a 2nd bedroom and walk in closet. The other two units are 1 bedroom each with the upstairs unit boasting a very large attic space loft that can be used as a 2nd bedroom as well. The rear unit is beautiful and cozy. It is currently undergoing a kitchen facelift and has been taken care of by a long term tenant. Balcony and patio off the rear for tenants to spread their legs or use for storage. This is amazing triplex is a great value because of it's size and location, extra parking spaces, separate garage type storage in a separate building and so much character that is hard to find nowadays. Property is in need of a little cosmetic TLC, so seller is willing to work with buyer. Drive by only please.

Last Agent to Sell the Property

Pete Sayegh

American Classic R.E. Services License #01264524 Listed on: 08/31/2014

Co-Listed By

Mona Sayegh

American Classic R.E. Services License #01264556

Last Buyer's Agent

Mona Sayegh

American Classic R.E. Services License #01264556

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,508

Year Built

  • Built in 1900

Lot Details

  • 7,841 Sq Ft Lot
  • 1 Common Wall

Parking

  • 1 Car Garage

Property Views

  • Peek-A-Boo
  • Mountain

Home Design

  • Property Attached

Interior Spaces

  • 2,503 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Outdoor Features

  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Legal Lot and Block 1 / 114
  • Tax Tract Number 416
  • Assessor Parcel Number 117204008

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Foothills
  • Mountainous Community

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $600
  • Insurance Expense $600
  • Water Sewer Expense $1,560
  • New Taxes Expense $3,177
  • Gross Income $2,780
  • Net Operating Income $31,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,508

Year Built

Built in 1900

Lot Details

0

Parking

1

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • View: Yes
  • Water Sewer Expenses: 1560.00
  • Zoning: R3
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 117204008
  • Year Built: 1900
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 139.83

Exterior Features

  • View: Mountain(s), Peek-A-Boo
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Heating Type: Wall Furnace
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Foothills, Mountainous, Sidewalks, Street Lights

Lot Info

  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 7841.00
  • Lot Size Acres: 0.1800

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average1 Bed Area: 800
  • Average2 Bed Area: 1003
  • Average Studio Area: 700
  • Gross Income: 2780.00
  • Gross Scheduled Income: 33360.00
  • Insurance Expense: 600.00
  • Lot Size Area: 7841.0000 Square Feet
  • Net Operating Income: 31200.00
  • 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
  • Number Wall A C: 3
  • Operating Expense: 2160.00
  • Rent Control: No
  • Total Actual Rent: 2780.00

Tax Info

  • New Taxes Expense: 3177.00
  • Tax Block: 114
  • Tax Lot: 1
  • Tax Tract Number: 416
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 29, 2022
Sold by
Moody Thomas E and Moody Janice L
Bought by
Moody Trust
Current Estimated Value
$839,315

Purchase Details

Listed on
Aug 31, 2014
Closed on
Oct 16, 2014
Sold by
Nguyen Ted V and Nguyen Teresa T
Bought by
Moody Thomas E and Moody Janice L
Seller's Agent
Pete Sayegh
American Classic R.E. Services
Buyer's Agent
Mona Sayegh
American Classic R.E. Services
List Price
$379,900
Sold Price
$350,000
Premium/Discount to List
-$29,900
-7.87%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.34%
Original Mortgage
$255,000
Interest Rate
4.16%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 16, 2004
Sold by
Pham Victor
Bought by
Nguyen Ted and Nguyen Teresa T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$323,500
Interest Rate
3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 12, 2003
Sold by
Pham Catherine Tuyet Hong
Bought by
Pham Victor

Purchase Details

Closed on
May 19, 2003
Sold by
Goode Ernest L and Goode Carol
Bought by
Pham Victor

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$266,400
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 12, 1998
Sold by
Ocwen Federal Bank Fsb
Bought by
Goode Ernest L and Goode Carol L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,338
Interest Rate
6.86%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 12, 1998
Sold by
Titus Samuel
Bought by
Ocwen Federal Bank Fsb

Purchase Details

Closed on
Jan 22, 1997
Sold by
Mestas Raymond Christopher
Bought by
Titus Samuel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$143,052
Interest Rate
7.91%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 17, 1996
Sold by
Mullins Mary Virginia and Mullins James Edward
Bought by
First Fsl Of Ottawa

Purchase Details

Closed on
Jul 5, 1996
Sold by
Swoish David T and Swoish Linda
Bought by
Mestas Raymond Christopher and Raymond Christopher Mestas Revocable Tr

Purchase Details

Closed on
Feb 22, 1996
Sold by
Mullins Mary Virginia and Mullins James Edward
Bought by
Swoish David T and Swoish Linda C
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
Moody Trust -- None Listed On Document
Moody Thomas E $340,000 First American Title Company
Nguyen Ted $405,000 Diversified Title & Escrow S
Pham Victor -- Old Republic Title Company
Pham Victor $333,000 Old Republic Title Company
Goode Ernest L $107,000 Chicago Title Co
Ocwen Federal Bank Fsb $92,029 Chicago Title Co
Titus Samuel $160,000 Northern Counties Title
First Fsl Of Ottawa $68,065 --
Mestas Raymond Christopher $83,000 Commonwealth Land Title Co
Swoish David T $45,163 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Moody Thomas E $255,000
Previous Owner Nguyen Ted $323,500
Previous Owner Pham Victor $266,400
Previous Owner Goode Ernest L $150,338
Previous Owner Titus Samuel $143,052
Closed Pham Victor $49,950
Closed Nguyen Ted $40,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/18/2014 11/18/14 Sold $350,000 -7.9% $140 / Sq Ft
10/11/2014 10/11/14 Pending -- -- --
08/31/2014 08/31/14 For Sale $379,900 -- $152 / 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 $4,508 $408,616 $84,123 $324,493
2023 $4,508 $392,751 $80,857 $311,894
2022 $4,366 $385,051 $79,272 $305,779
2021 $4,280 $377,502 $77,718 $299,784
2020 $4,233 $373,633 $76,922 $296,711
2019 $4,136 $366,308 $75,414 $290,894
2018 $4,043 $359,127 $73,937 $285,190
2017 $3,945 $352,087 $72,488 $279,599
2016 $3,907 $345,184 $71,067 $274,117
2015 $3,822 $340,000 $70,000 $270,000
2014 $3,549 $321,000 $87,000 $234,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW14187644

California Regional Multiple Listing Service (CRMLS)

APN: 117-204-008