NOT LISTED FOR SALE

995 S Smith Ave Corona, CA 92882

Central Corona Neighborhood

Estimated Value: $958,000 - $2,121,362

3 Beds
2 Baths
2,740 Sq Ft
$465/Sq Ft Est. Value

Last Sold December 05, 2017

Last sale price $647,500 $236 Per Sq Ft

Est. 97% increase in value since last sale

Current estimated payment $7,275/month

162 Days on Market

About This Home

As of December 2017

This home is located at 995 S Smith Ave, Corona, CA 92882 since 24 April 2017 and is currently estimated at $1,274,341, approximately $465 per square foot. This property was built in 1960. 995 S Smith 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

Ray Kottapalli

Ray Kottapalli License #00978654 Listed on: 04/24/2017

Last Buyer's Agent

Eric Chen

CB RICHARD ELLIS

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 8,276 Sq Ft Lot
  • Two or More Common Walls
  • Density is 11-15 Units/Acre
  • Value in Land

Home Design

  • 2,740 Sq Ft Home
  • Quadruplex

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Parking

  • 4 Open Parking Spaces
  • 8 Parking Spaces
  • 4 Carport Spaces
  • Parking Available
  • Assigned Parking

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Legal Lot and Block 110 / 030
  • Tax Tract Number 25
  • Assessor Parcel Number 110030025

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Insurance Expense $1,100
  • Maintenance Expense $420
  • Water Sewer Expense $3,120
  • New Taxes Expense $8,750
  • Operating Expense $13,390
  • Gross Income $52,800
  • Net Operating Income $37,826

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 3120.00
  • Zoning: R3
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 110030025
  • Year Built: 1960
  • Special Features: None

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 236.31

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 4.00

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 11-15 Units/Acre, Value In Land
  • Lot Size Sq Ft: 8276.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 52800.00
  • Gross Operating Income: 51216.00
  • Gross Scheduled Income: 52800.00
  • Insurance Expense: 1100.00
  • Maintenance Expense: 420.00
  • Net Operating Income: 37826.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Total: 4
  • Number With Carpet: 4
  • Number With Disposal: 4
  • Number With Drapes: 4
  • Number With Patio: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 13390.00
  • Rent Control: No
  • Total Expenses: 13390.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 8750.00
  • Tax Block: 030
  • Tax Census Tract: 417.03
  • Tax Lot: 110
  • Tax Tract Number: 025

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 24, 2017
Closed on
Nov 15, 2017
Sold by
Dhillon Raman
Bought by
Kumar Navdeep
Seller's Agent
Ray Kottapalli
Ray Kottapalli
Buyer's Agent
Eric Chen
CB RICHARD ELLIS
List Price
$769,900
Sold Price
$647,500
Premium/Discount to List
-$122,400
-15.9%
Current Estimated Value
$1,274,341

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$626,841
Avg. Annual Appreciation
8.68%
Original Mortgage
$78,000
Outstanding Balance
$65,412
Interest Rate
3.88%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$1,208,929

Purchase Details

Listed on
Apr 24, 2017
Closed on
Nov 10, 2017
Sold by
Doraiswamy Mohan
Bought by
Rajaee Behrouz and Rajaee Arghavan
Seller's Agent
Ray Kottapalli
Ray Kottapalli
Buyer's Agent
Eric Chen
CB RICHARD ELLIS
List Price
$769,900
Sold Price
$647,500
Premium/Discount to List
-$122,400
-15.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,000
Outstanding Balance
$65,412
Interest Rate
3.88%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$1,208,929

Purchase Details

Listed on
Apr 24, 2017
Closed on
Nov 9, 2017
Sold by
Kuma Navdeep
Bought by
Doraiswamy Mohan
Seller's Agent
Ray Kottapalli
Ray Kottapalli
Buyer's Agent
Eric Chen
CB RICHARD ELLIS
List Price
$769,900
Sold Price
$647,500
Premium/Discount to List
-$122,400
-15.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,000
Outstanding Balance
$65,412
Interest Rate
3.88%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$1,208,929

Purchase Details

Closed on
Jun 6, 2007
Sold by
Doraiswamy Mohan
Bought by
Doraiswamy Mohan and Kumar Navdeep

Purchase Details

Closed on
May 24, 2005
Sold by
Mohan Devika
Bought by
Doraiswamy Mohan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$359,650
Interest Rate
5.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 25, 2005
Sold by
Arciniega Mario A and Arciniega Marcella T
Bought by
Doraiswamy Mohan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$359,650
Interest Rate
5.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 6, 2004
Sold by
Williams Roger L
Bought by
Arciniega Mario A and Arciniega Marcella T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,000
Interest Rate
6.37%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 19, 2002
Sold by
Williams Roger L
Bought by
Williams Roger L

Purchase Details

Closed on
Feb 2, 2000
Sold by
Lowe Phillip
Bought by
Williams Roger L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,500
Interest Rate
8.06%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 13, 2000
Sold by
Lowe Katherine B
Bought by
Urology Associates Medical Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,500
Interest Rate
8.06%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 22, 1999
Sold by
Urology Assoc Med Gp Llc
Bought by
Lowe Phillip

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,500
Interest Rate
8.06%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 4, 1999
Sold by
Lowe Katherine B
Bought by
Lowe Phillip

Purchase Details

Closed on
Dec 22, 1995
Sold by
Lowe Katherine B
Bought by
Urology Associates Medical Group Llc

Purchase Details

Closed on
Jan 25, 1994
Sold by
Lowe Phillip
Bought by
Lowe Katherine B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,498
Interest Rate
7.21%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Kumar Navdeep -- Old Republic Title Company
Rajaee Behrouz $1,295,000 Old Republic Title Company
Doraiswamy Mohan -- Old Republic Title Company
Doraiswamy Mohan -- None Available
Doraiswamy Mohan -- Commonwealth Land Title
Doraiswamy Mohan $550,000 Commonwealth Land Title
Arciniega Mario A $420,000 Orange Coast Title Co
Williams Roger L -- --
Williams Roger L $177,500 Lawyers Title Company
Urology Associates Medical Group Llc -- Lawyers Title Company
Lowe Phillip -- Lawyers Title
Lowe Phillip -- Fidelity National Title
Urology Associates Medical Group Llc $200,000 --
Lowe Katherine B -- First American Title Ins Co
Lowe Katherine B -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rajaee Behrouz $78,000
Previous Owner Doraiswamy Mohan $359,650
Previous Owner Arciniega Mario A $315,000
Previous Owner Williams Roger L $127,500
Previous Owner Lowe Katherine B $162,498
Closed Arciniega Mario A $63,000
Closed Doraiswamy Mohan $134,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/05/2017 12/05/17 Sold $647,500 -3.3% $236 / Sq Ft
08/07/2017 08/07/17 Price Changed $669,900 -13.0% $244 / Sq Ft
04/24/2017 04/24/17 For Sale $769,900 -- $281 / 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 $8,125 $736,739 $174,085 $562,654
2023 $8,125 $708,132 $167,326 $540,806
2022 $7,869 $694,248 $164,046 $530,202
2021 $7,714 $680,636 $160,830 $519,806
2020 $7,630 $673,658 $159,181 $514,477
2019 $7,454 $660,450 $156,060 $504,390
2018 $7,288 $647,500 $153,000 $494,500
2017 $5,436 $483,000 $110,250 $372,750
2016 $5,489 $483,000 $110,250 $372,750
2015 $5,196 $460,000 $105,000 $355,000
2014 $5,106 $460,000 $105,000 $355,000
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2017

    Ray Kottapalli

    Ray Kottapalli

    (562) 659-4518

    22 Total Sales

    Ray Kottapalli
    Section Image
  • Eric Chen

    Buyer's Agent in 2017

    Eric Chen

    CB RICHARD ELLIS

    (909) 418-2030

    4 in this area

    66 Total Sales

    Eric Chen
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW17089470

California Regional Multiple Listing Service (CRMLS)

APN: 110-030-025

California Riverside County Corona 92882 Central Corona

995 S Smith Ave, Corona, CA

Not Listed for Sale

MultiFamily

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