NOT LISTED FOR SALE

765 E Williams St Banning, CA 92220

Estimated Value: $258,795 - $431,000

1 Bed
3 Baths
1,148 Sq Ft
$321/Sq Ft Est. Value

Last Sold July 14, 2016

Last sale price $150,000 $131 Per Sq Ft

Est. 145% increase in value since last sale

Current estimated payment $2,151/month

79 Days on Market

Highlights

  • Mountain View
  • Private Yard
  • Cooling System Mounted To A Wall/Window
  • Modern Architecture
  • Two Homes on a Lot
  • Laundry Room

About This Home

As of July 2016

Triplex located in a growing area of Banning with new development all around. Large lot with room to expand, city approved 5 to 6 units can be built here. Nice corner lot with ample room to grow.

Last Agent to Sell the Property

Manuel Madrid

ONE WEST REALTY License #01303106 Listed on: 05/17/2016

Last Buyer's Agent

Patricia Cerda

Patricia Cerda Broker License #01211194

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1949

Lot Details

  • 0.32 Acre Lot
  • 1 Common Wall
  • Private Yard
  • Density is 2-5 Units/Acre

Parking

  • 2 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Modern Architecture
  • Property Attached
  • Entry on the 1st floor
  • Cosmetic Repairs Needed
  • Flat Roof Shape
  • Slab Foundation
  • Tar and Gravel Roof
  • Plaster

Interior Spaces

  • 1,148 Sq Ft Home
  • 1-Story Property
  • Vinyl Flooring
  • Mountain Views
  • Gas Cooktop
  • Laundry Room

Bedrooms and Bathrooms

  • 1 Bedroom
  • 3 Bathrooms

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Additional Homes

  • Two Homes on a Lot

Utilities

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

Listing and Financial Details

  • Tax Lot 162
  • Tax Tract Number 722
  • Assessor Parcel Number 541110016

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $45
  • Insurance Expense $735
  • Professional Management Expense $100
  • Water Sewer Expense $75
  • New Taxes Expense $1,987
  • Gross Income $18,000
  • Net Operating Income $15,500

Property Details

Home Type

Multi-Family

Year Built

Built in 1949

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Professional Management Expense: 100.00
  • Property Attached: Yes
  • View: Yes
  • Water Sewer Expenses: 75.00
  • Architectural Style: Modern
  • Property Condition: Repairs Cosmetic
  • Property Type: Residential Income
  • Parcel Number: 541110016
  • Year Built: 1949
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Vinyl
  • Appliances: Yes
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 130.66
  • Room Type: All Bedrooms Down

Exterior Features

  • Foundation: Slab
  • Other Structures: Two On A Lot
  • Exterior Features: Lighting
  • View: Mountain(s)
  • Pool Private: No
  • Roof: Flat, Tar/Gravel
  • Spa: No
  • Construction Materials: Plaster

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Natural Gas Available, Sewer Available, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Cooktop
  • Electric: Electricity - On Property
  • Heating Type: Wall Furnace
  • Laundry Features: Inside
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks

Lot Info

  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Yard
  • Lot Size Sq Ft: 13939.00
  • Price Per Lot Square Foot: 10.76

Multi Family

  • Average1 Bed Area: 548
  • Average Studio Area: 300
  • Electric Expense: 45.00
  • Gross Income: 18000.00
  • Gross Scheduled Income: 18000.00
  • Insurance Expense: 735.00
  • Net Operating Income: 15500.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 2500.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 1987.00
  • Tax Lot: 162
  • Tax Tract Number: 722-B3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 13, 2017
Sold by
Gilpin David W
Bought by
Cerda Patricia
Current Estimated Value
$367,949

Purchase Details

Listed on
May 17, 2016
Closed on
Jul 11, 2016
Sold by
Gilpin Arra L
Bought by
Gilpin David W
Seller's Agent
Manuel Madrid
ONE WEST REALTY
Buyer's Agent
Patricia Cerda
Patricia Cerda Broker
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
9.93%

Purchase Details

Listed on
May 17, 2016
Closed on
Jul 1, 2016
Sold by
Faruque Properties Llc
Bought by
Gilpin David W
Seller's Agent
Manuel Madrid
ONE WEST REALTY
Buyer's Agent
Patricia Cerda
Patricia Cerda Broker
List Price
$159,000
Sold Price
$150,000
Premium/Discount to List
-$9,000
-5.66%

Purchase Details

Closed on
May 19, 2015
Sold by
Faruque Nsm
Bought by
Faruque Properties Llc

Purchase Details

Closed on
May 5, 2010
Sold by
Federal National Mortgage Association
Bought by
Faruque Nsm

Purchase Details

Closed on
Sep 17, 2009
Sold by
Wise Joe and Wise Keri M
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
May 7, 2004
Sold by
Weston Teddie R and Weston Tina L
Bought by
Wise Joe and Wise Keri M

Purchase Details

Closed on
Nov 12, 1999
Sold by
Siedlik Alex Revocable Trust and Michael
Bought by
Weston Teddie R and Weston Tina L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$21,600
Interest Rate
7.96%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 25, 1995
Sold by
Siedlik Alex
Bought by
Siedlik Alex and Alex Siedlik Revocable Trust
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
Cerda Patricia -- None Available
Gilpin David W -- Usa National Title Co
Gilpin David W $150,000 Usa National Title Co
Faruque Properties Llc -- None Available
Faruque Nsm $60,000 Lawyers Title Company
Federal National Mortgage Association $263,155 Landsafe Title
Wise Joe $185,000 Fidelity National Title Co
Weston Teddie R $27,000 Stewart Title Company
Siedlik Alex -- --
Siedlik Alex -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Weston Teddie R $21,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/14/2016 07/14/16 Sold $150,000 -5.7% $131 / Sq Ft
06/24/2016 06/24/16 Pending -- -- --
04/06/2016 04/06/16 For Sale $159,000 -- $139 / 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 $2,743 $199,115 $34,133 $164,982
2023 $2,743 $191,385 $32,808 $158,577
2022 $2,685 $187,633 $32,165 $155,468
2021 $2,634 $183,955 $31,535 $152,420
2020 $2,610 $182,070 $31,212 $150,858
2019 $3,143 $219,300 $30,600 $188,700
2018 $3,123 $215,000 $30,000 $185,000
2017 $2,203 $150,000 $30,000 $120,000
2016 $963 $65,414 $30,527 $34,887
2015 $949 $64,433 $30,069 $34,364
2014 -- $63,173 $29,481 $33,692
Source: Public Records

Agents Affiliated with this Home

  • Manuel Madrid

    Seller's Agent in 2016

    Manuel Madrid

    ONE WEST REALTY

    (909) 241-0677

    1 in this area

    34 Total Sales

    Manuel Madrid
    Section Image

  • P

    Buyer's Agent in 2016

    Patricia Cerda

    Patricia Cerda Broker

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV16070694

California Regional Multiple Listing Service (CRMLS)

APN: 541-110-016

California Riverside County Banning 92220

765 E Williams St, Banning, CA

Not Listed for Sale

MultiFamily

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