NOT LISTED FOR SALE

850 S Sherman Ave Corona, CA 92882

Central Corona Neighborhood

Estimated Value: $932,000 - $1,052,000

Studio
-- Bath
-- Sq Ft
8,712 Sq Ft Lot

Last Sold January 31, 2013

Last sale price $379,000

Est. 164% increase in value since last sale

Current estimated payment $6,004/month

9 Days on Market

About This Home

As of January 2013

This home is located at 850 S Sherman Ave, Corona, CA 92882 since 31 July 2012 and is currently estimated at $999,593. This property was built in 1920. 850 S Sherman Ave is a home located in Riverside County with nearby schools including Benjamin Franklin Elementary School, Letha Raney Intermediate School, and Corona High School.

Last Agent to Sell the Property

Merica Mackey

Tepa Opportunities License #01891696 Listed on: 07/31/2012

Last Buyer's Agent

Jayson Jones

Jason Jones, Broker License #01712537

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 8,712

Parking

  • 4 Car Garage

Listing and Financial Details

  • Tax Lot 3
  • Tax Tract Number 1
  • Assessor Parcel Number 110030021

Community Details

Overview

  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Electric Expense $600
  • Insurance Expense $1,000
  • Trash Expense $100
  • Water Sewer Expense $80
  • New Taxes Expense $100
  • Gross Income $3,200
  • Net Operating Income $30,400

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • Water Sewer Expenses: 80.00
  • Property Type: Residential Income
  • Parcel Number: 110030021
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Levels: One

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Trash Expense: 100.00

Multi Family

  • Electric Expense: 600.00
  • Gross Income: 3200.00
  • Gross Scheduled Income: 38400.00
  • Insurance Expense: 1000.00
  • Net Operating Income: 30400.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 8000.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 100.00
  • Tax Lot: 3
  • Tax Tract Number: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 27, 2022
Sold by
Lucia Romero and Lucia Martha
Bought by
Lumar 850 Llc
Current Estimated Value
$999,593

Purchase Details

Closed on
Nov 21, 2018
Sold by
Romero Juan Carlos
Bought by
Chavez Luciano Romero and Romero Martha Lucia

Purchase Details

Closed on
Feb 24, 2014
Sold by
Rodriguez Jorge
Bought by
Romero Juan Carlos

Purchase Details

Closed on
Aug 15, 2012
Sold by
Romero Luciano
Bought by
Rodriguez Jorge

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$317,968
Interest Rate
3.33%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 22, 2004
Sold by
Smith Robert J and Smith Toni
Bought by
Romero Luciano and Romero Martha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$366,750
Interest Rate
7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 21, 2000
Sold by
Smith Robert J and Smith Toni
Bought by
Smith Robert and Smith Toni M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,750
Interest Rate
8.87%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 11, 1996
Sold by
Smith Robert J and Smith Toni
Bought by
Smith Robert J and Smith Toni

Purchase Details

Closed on
Mar 28, 1996
Sold by
Home Svgs Of America Fsb
Bought by
Smith Robert J and Smith Toni

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$61,500
Interest Rate
6.98%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 14, 1995
Sold by
Stone David T and Stone Joan M
Bought by
Home Svgs Of America Fsb

Purchase Details

Closed on
Aug 4, 1995
Sold by
Stone David T and Stone Joan M
Bought by
Home Svgs Of America Fsb
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
Lumar 850 Llc -- None Listed On Document
Chavez Luciano Romero -- Accommodation
Romero Juan Carlos -- Accommodation
Rodriguez Jorge $379,000 Netco Title Company
Romero Luciano -- None Available
Romero Luciano $489,000 Fnt
Rissi Robert N -- Fnt
Smith Robert J -- Fnf
Smith Robert -- Fidelity National Title Co
Smith Robert J -- Fidelity National Title Ins
Smith Robert J -- Orange Coast Title
Home Svgs Of America Fsb $127,500 American Title Ins Co
Home Svgs Of America Fsb $127,500 American Title Ins Co
Home Svgs Of America Fsb $127,500 American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rodriguez Jorge $317,968
Previous Owner Romero Luciano $366,750
Previous Owner Smith Robert $138,750
Previous Owner Smith Robert J $61,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/31/2013 01/31/13 Sold $379,000 +2.4% --
08/09/2012 08/09/12 Pending -- -- --
07/31/2012 07/31/12 For Sale $370,000 -- --
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 $9,953 $907,332 $148,569 $758,763
2023 $9,953 $872,100 $142,800 $729,300
2022 $6,897 $609,682 $120,885 $488,797
2021 $6,761 $597,728 $118,515 $479,213
2020 $6,687 $591,600 $117,300 $474,300
2019 $5,582 $494,506 $104,393 $390,113
2018 $5,457 $484,811 $102,347 $382,464
2017 $5,324 $475,306 $100,341 $374,965
2016 $5,272 $465,987 $98,374 $367,613
2015 $5,157 $458,990 $96,898 $362,092
2014 $4,281 $386,580 $89,760 $296,820
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2013

    Merica Mackey

    Tepa Opportunities

  • J

    Buyer's Agent in 2013

    Jayson Jones

    Jason Jones, Broker

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: N12098178

California Regional Multiple Listing Service (CRMLS)

APN: 110-030-021

California Riverside County Corona 92882 Central Corona

850 S Sherman Ave, Corona, CA

Not Listed for Sale

MultiFamily

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