9 months on rocket

Backup Offers

508 W Williams St, Banning, CA, 92220

$609,000

Home List Price

$7,232*

Closing Credit

0 Baths
Multi
Schools Nearby

Location

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508 W Williams St, Banning$609,000

Buyer Closing Credits

$7,232*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
Year Built1964
HeatingNatural Gas, Other
CoolingNone
FireplaceNone
MLS #TR23124320
Lot Size0.61 Acres
StatusAccepting Backup Offers
(Active Under Contract)

About 508 W Williams St

Opportunities knocked! Beautiful 4 unit apartments(two buildings, each unit is one bedroom one bath)) located in a quiet tree lined street in the city of Banning, which is only 2 minutes away rom Fwy 10 and minutes away from Desert Hills Premium Outlets and Cabazon Resort and Casino. This nice apartment complex sits on a large lot over 26,000 sqf which gives investors another golden opportunity to add on more units, all interest parties please check with the city planning department for the expansion. Laundry rooms in Building 506 both units were converted into bedrooms without permit. All units has tile flooring for easy maintenance. All units have separate electricity and gas meters, Only one water meter but water bill spilt paid by the tenants, landlord Only pays $120/month trash bill. Very low maintenance with high returns , long term tenants, don't miss out! Property to be Sold in AS IS, Where Is condition, all information is dim reliable but not guaranty, living square feet is estimated, no public record, please do own investigation. Please drive by Only and do Not disturb the tenants, they are Not aware of the sale. Offer subject to interior inspection on accepted offer, interior pictures were taken prior tenants moved in.

Property Details

Property Features

Property Information:

  • Year Built: 1964
  • Stories: 1

Listing Office:

  • Office Name: A + Realty & Mortgage
  • Office Email: propertyprojenny@gmail.com
  • Listing Agent: Jenny Zhang

Interior Features

Interior Information:

  • Flooring Type: Tile
  • Interior: Open Floorplan, Tile Counters, Bedroom on Main Level
  • Fireplace: None

Exterior Features

Exterior Information:

  • Private Pool: No

Lot Features

Lot Information:

  • Lot Size: 0.61 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Other
  • Cooling: None

Other

Directions Information:

  • Directions: From Fwy10 exit 11 for 8th St/Ca243 onto 8th St turn right onto Williams for .2 miles, property is on your right

Price Information

Listing Price Info

Price Summary:

  • List Price: $609,000

Tax Information:

  • Annual Amount: $3,776
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Banning, CA.

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Banning, CA

City

Med. Sold Price

$375K

Med. Price/SqFt

$262

Avg. Days On Market

20

# of Sold Homes

37

508 W Williams St vs Banning

296 DAYS ON ROCKET

+276 Days

$609,000

+$234K More

KEY TAKEAWAY

This property is $234K more than the Median Sold Price in Banning, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #TR23124320

Listing Office:

  • Office Name: A + Realty & Mortgage
  • Office Email: propertyprojenny@gmail.com
  • Listing Agent: Jenny Zhang

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/3/2024, 12:20:44 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Aug 16, 2016Home Sold
$250,000
Sep 30, 2014Home Sold
$240,000
Jun 10, 2010Home Sold
$185,000
Feb 25, 2010Home Sold
$91,000
Aug 16, 2004Home Sold
$320,000
Nov 18, 2003Home Sold
$245,000
Jan 17, 2003Home Sold
$33,000
Mar 15, 2002Home Sold
$135,000
Jun 09, 2000Home Sold
$61,000
Nov 01, 1990Home Sold
$76,500

Tax History

YEARPROP. TAXASSESSMENT
2021$3,776$268,049
2020$3,776$265,301
2018$3,693$255,000
2017$3,527$250,000

History based on county public records data.

Payment Calculator

$3,107

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,892

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-5305161
3
/10

  • Central Elementary School

  • 295 N San Gorgonio Ave

  • 0.33 miles

  • Public District Grades KG-5

school-card-donut-5305162
3
/10

  • Hemmerling Elementary School

  • 1928 W Nicolet St

  • 0.90 miles

  • Public District Grades KG-5

school-card-donut-5305163
3
/10

  • Hoffer Elementary School

  • 1115 E Hoffer St

  • 1.17 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $15,541. Most Banning, CA residents have annual incomes less than $35k. The most common type of family is single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›California›Riverside County›Banning›92220›508 W Williams St

This home is located at 508 W Williams St in Banning, CA and zip code 92220. This home, which was built in 1964, sits on a 0.61 acre lot. It has been listed on Rocket Homes since July 11, 2023 and is currently priced at $609,000.

Over 17 listings were sold over their listed price in April 2024 in Banning, CA. In the same period over 9 listings were sold below the listed price and 11 listings were sold for the listed price. The inventory of homes for sale in Banning, CA between March 2024 and April 2024 decreased by 0.7%. In April 2024, listings were on the market for 20 days. During the same period, the median list price in this real estate market was $375,000.

From Rocket Homes Real Estate and based on county public records data.

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