NOT LISTED FOR SALE

725 E Williams St Banning, CA 92220

Estimated Value: $522,000 - $605,380

3 Beds
3 Baths
1,744 Sq Ft
$324/Sq Ft Est. Value

Last Sold July 15, 2024

Last sale price $550,000 $315 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $3,118/month

246 Days on Market

Highlights

  • 1.68 Acre Lot
  • No HOA
  • Mountainous Community
  • Mountain View
  • Laundry Room
  • Central Heating and Cooling System

About This Home

As of July 2024

Zoned for 25+ units. Value in the land. The house is 3 bedrooms a full bath and 2 half baths 1,744 sq ft on 1.68 acres. Per city of Banning this is zoned HDR (high density residential) 11-18 units per acre with a possibility of density bonuses for Senior housing or low income housing. Call city for more details.

Last Agent to Sell the Property

Benjamin Hartnell

YUCAIPA VALLEY REAL ESTATE Brokerage Phone: 909-725-3121 License #01466076 Listed on: 09/22/2023

Last Buyer's Agent

Fere Haddad

ACREAGE REAL ESTATE License #01220577

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1950

Lot Details

  • 1.68 Acre Lot
  • Chain Link Fence
  • Density is 16-20 Units/Acre
  • Property is zoned R-3

Parking

  • 3 Car Garage

Home Design

  • Entry on the 1st floor
  • Tar and Gravel Roof
  • Stucco

Interior Spaces

  • 1,744 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace
  • Mountain Views
  • Laundry Room

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Legal Lot and Block 162 / 162
  • Assessor Parcel Number 541110013
  • $65 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • Mountainous Community

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter

Home Details

Home Type

Single Family

Year Built

Built in 1950

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • View: Yes
  • Zoning: R-3
  • Property Sub Type: Single Family Residence
  • Property Type: Residential Income
  • Parcel Number: 541110013
  • Year Built: 1950
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Vinyl
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 315.37
  • Room Type: All Bedrooms Down

Exterior Features

  • View: Mountain(s)
  • Fence: Yes
  • Fencing: Chain Link
  • Pool Private: No
  • Roof: Tar/Gravel
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Mountainous

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 16-20 Units/Acre
  • Lot Size Sq Ft: 73181.00
  • Lot Size Acres: 1.6800
  • Latitude Manual: 33.92770900

Multi Family

  • Gross Income: 18000.00
  • Gross Scheduled Income: 18000.00
  • Insurance Expense: 5000.00
  • Lot Size Area: 73181.0000 Square Feet
  • Net Operating Income: 13000.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 1
  • Operating Expense: 5000.00
  • Rent Control: No
  • Total Expenses: 5000.00

Tax Info

  • Tax Block: 162
  • Tax Census Tract: 442.00
  • Tax Lot: 162
  • Tax Tract Number: 00000
  • TaxOtherAnnualAssessmentAmount: 65.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 22, 2023
Closed on
Jun 6, 2024
Sold by
Michael And Gloria Oliverio 2001 Trust and Oliverio Ralph R
Bought by
Gharibnejad Neema and Rouhaninia Ainaz
Seller's Agent
Benjamin Hartnell
YUCAIPA VALLEY REAL ESTATE
Buyer's Agent
Fere Haddad
ACREAGE REAL ESTATE
List Price
$699,000
Sold Price
$550,000
Premium/Discount to List
-$149,000
-21.32%
Views
172
Current Estimated Value
$565,095

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$15,095
Avg. Annual Appreciation
1.86%
Original Mortgage
$400,000
Outstanding Balance
$394,905
Interest Rate
7.03%
Mortgage Type
New Conventional
Estimated Equity
$170,190

Purchase Details

Closed on
Aug 17, 2011
Sold by
Oliverio Michael and Oliverio Gloria
Bought by
Oliverio Michael and Oliverio Gloria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$86,250
Interest Rate
3.93%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 4, 2001
Sold by
Oliverio Michael T and Oliverio Gloria O
Bought by
Oliverio Michael and Oliverio Gloria
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Gharibnejad Neema $550,000 Orange Coast Title
Oliverio Michael -- Nations Title Company
Oliverio Michael -- Nations Title Company
Oliverio Michael -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gharibnejad Neema $400,000
Previous Owner Oliverio Michael $86,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/15/2024 07/15/24 Sold $550,000 -15.3% $315 / Sq Ft
04/04/2024 04/04/24 Price Changed $649,000 -7.2% $372 / Sq Ft
09/22/2023 09/22/23 For Sale $699,000 -- $401 / 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 $1,987 $550,000 $165,002 $384,998
2023 $1,987 $137,309 $52,808 $84,501
2022 $1,945 $134,618 $51,773 $82,845
2021 $1,908 $131,979 $50,758 $81,221
2020 $1,891 $130,627 $50,238 $80,389
2019 $1,861 $128,066 $49,253 $78,813
2018 $1,849 $125,556 $48,288 $77,268
2017 $1,819 $123,095 $47,342 $75,753
2016 $1,730 $120,682 $46,414 $74,268
2015 $1,706 $118,871 $45,718 $73,153
2014 $1,695 $116,544 $44,823 $71,721
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: EV23177069

California Regional Multiple Listing Service (CRMLS)

APN: 541-110-013