NOT LISTED FOR SALE

885 W Hoffer St Banning, CA 92220

Estimated Value: $449,000 - $466,000

5 Beds
2 Baths
1,476 Sq Ft
$309/Sq Ft Est. Value

Last Sold May 10, 2023

Last sale price $415,000 $281 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $2,918/month

About This Home

As of May 2023

Well hello there!!!The one you've been waiting for is finally here! Located within minutes of Morongo Casino, the Outlet Malls at Cabazon and bustling Palm Springs, 885 W Hoffer St. is a lovely 5bed/2bath, 1,895sqft home sitting on a large 9,148sqft lot. Assessor's data has this as a 1,475sqft home, but a estimated 420sqft addition was made more than 20 years ago, permits unknown but well constructed and in great condition. Buyer to conduct their own due diligence and satisfy themselves as to permits and exact measurements... As you enter the front door, you'll notice the huge living room to your right with laminate flooring, a beautiful fireplace and long mantle. Just beyond is the newly remodeled, spacious kitchen with quartz counters, white cabinets, updated stove and dishwasher, a farmhouse sink and pantry you're sure to appreciate. Further in to the back of the home is a massive family room with beautiful French doors and a bedroom addition (with separate entrance). This bonus space has a separate split heating and cooling system that works like a charm to keep the area comfortable. There are 4 other bedrooms in this home, with more than enough room to spread out, plus new vinyl windows throughout, providing great insulation and sound barrier. There is NO CARPET in this home, laminate or tile floorings throughout. Be sure to call and schedule your very own showing today, I promise you won't regret it, as you really have to see it to appreciate all the wonderful features on offer ....

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 28, 2023
Closed on
Apr 11, 2023
Sold by
Mclaughlin Courtney Michelle
Bought by
Lara John
Seller's Agent
SHARMAYNE HUSBANDS
Mayne Choice Realty, Inc.
Buyer's Agent
Genevieve Loza
So Cal Realty & Associates
List Price
$425,000
Sold Price
$415,000
Premium/Discount to List
-$10,000
-2.35%
Views
58
Current Estimated Value
$456,173

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$41,173
Avg. Annual Appreciation
4.00%
Original Mortgage
$407,483
Outstanding Balance
$395,565
Interest Rate
6.32%
Mortgage Type
FHA
Estimated Equity
$60,608

Purchase Details

Listed on
Mar 28, 2023
Closed on
Apr 5, 2023
Sold by
Lara John
Bought by
Contreras Cesia R and Quiroz Federico Contreras
Seller's Agent
SHARMAYNE HUSBANDS
Mayne Choice Realty, Inc.
Buyer's Agent
Genevieve Loza
So Cal Realty & Associates
List Price
$425,000
Sold Price
$415,000
Premium/Discount to List
-$10,000
-2.35%
Views
58

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$407,483
Outstanding Balance
$395,565
Interest Rate
6.32%
Mortgage Type
FHA
Estimated Equity
$60,608

Purchase Details

Closed on
Apr 24, 2017
Sold by
Lara Amy
Bought by
Lara John

Purchase Details

Closed on
May 9, 2016
Sold by
Lara John
Bought by
Lara Amy

Purchase Details

Closed on
May 6, 2004
Sold by
Coletto Scott M
Bought by
Lara John and Lara Amy J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,200
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 14, 2001
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Coletto Scott M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,100
Interest Rate
5.87%

Purchase Details

Closed on
Feb 26, 2001
Sold by
Birnbaum Brian R and Birnbaum Rebecca M
Bought by
Federal Home Loan Mortgage Corporation
Source: Public Records

Range of Values:

Collateral Analytics

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Quantarium

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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
Lara John -- Chicago Title
Contreras Cesia R $415,000 Chicago Title
Lara John -- None Available
Lara Amy -- None Available
Lara John $196,500 Gateway Title Company
Coletto Scott M $118,000 First American Title Co
Federal Home Loan Mortgage Corporation $93,230 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Contreras Cesia R $407,483
Previous Owner Lara John $157,200
Previous Owner Coletto Scott M $112,100
Closed Lara John $39,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/10/2023 05/10/23 Sold $415,000 -2.4% $281 / Sq Ft View Prior Sale
04/01/2023 04/01/23 Pending -- -- --
03/28/2023 03/28/23 For Sale $425,000 -- $288 / Sq Ft

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 $5,874 $431,766 $20,808 $410,958
2023 $5,874 $268,507 $54,650 $213,857
2022 $3,741 $263,243 $53,579 $209,664
2021 $3,669 $258,082 $52,529 $205,553
2020 $3,638 $255,437 $51,991 $203,446
2019 $3,581 $250,429 $50,972 $199,457
2018 $3,558 $245,520 $49,973 $195,547
2017 $3,405 $234,000 $48,000 $186,000
2016 $2,816 $199,000 $41,000 $158,000
2015 $2,554 $180,000 $37,000 $143,000
2014 $2,433 $169,000 $34,000 $135,000
Source: Public Records

Agents Affiliated with this Home

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