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1194 Salem Drive

1194 Salem Drive, Corona, CA 92881
Sold Aug 31, 2020
$600,000
$418,000 by United Wholesale Mortgage
Mortgage Due Sep 01, 2050
Sold Jun 13, 2019
$555,000
$384,990 by Wells Fargo Bank Na
Mortgage Due Jul 01, 2049
1194 Salem Drive has been categorized by the local assessors in Corona, CA as a residential type of property. The building on the property was first built in 1996 and is 28 years old. However, we must point out that the home was most recently renovated and altered in 1997. The home has a total of 3 bedrooms. Residents will have access to 3 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 2 stories. In addition, 1194 Salem Drive has 1,964 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 7,405 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a attached garage for those who require parking. The garage measured 648 sqft. According to our sources, there are a total of 2 available parking spaces. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with wood control joints. The roof of the building is made of tile. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a central heating system and being fueled with gas. There is a single fireplace in the home. Perfect for those wintery nights. Finally, the property is currently sourcing its water from a water system. The building on the property is connected to a sewer system. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 1194 Salem Drive sold most recently in Aug 7, 2020 for a total of $600,000. If you work out the math, that's approximately a cost of $222.30 per sqft. Before that, the property was also sold for $555,000 in May 17, 2019. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $7,166 in taxes each year. 1194 Salem Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $624,240. If we break it down further, the land itself was valued at $187,272. Improvements to the property, however, were assessed at a total of $436,968. The property's total assessed value has been marked as more than the total market value which is pretty atypical. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

Building Features

Exterior

Concrete Exterior
Glass Exterior
Stucco Exterior
Brick Exterior

Driveway

Driveway

Parking

Garage Parking
Paved Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1996
  • Effective Year Built: 1997
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Construction Type: Wood
  • Roof Cover Type: Tile
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 648
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 7,405
  • Total Building Area: 2,699
  • Gross Building Area: 2,699
  • Building Area: 1,964
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,964
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: 27860
  • Land Acres: 0.17
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Water rights (misc.)
  • Legal Description 1: LOT 22 MB 258/015 27860

Ownership

  • Current Owner : MONDRAGON JOSE VALENCIA
  • Current Owner 2: GARCIA YVETTE
  • Previous Owner : WADE LINDA
  • Owner Before Previous Owner: PYLE LONNIE A
  • Owner Before Previous Owner 2: PYLE HEIDI P
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Corona-Norco Unified School District
  • Census Tract: 047901

Geography

  • Assessors Map Reference: 27860
  • Subdivision Tract Number: 27860
  • Parcel: 108-352-004
  • Lot: 22
  • Municipality: CORONA
  • Latitude: 33.8361
  • Longitude: -117.552

    Address

  • Full Address: 1194 Salem Dr
  • Address - House Number: 1194
  • Address - Street Name: Salem
  • Address - Suffix Type: Dr
  • State: CA
  • City Name: Corona
  • Carrier Code: R041
  • 4-Digit Zip Code: 0997
  • Zip Code: 92881

Valuation

    Tax

  • Total Area: 1,964
  • Tax Year: 2023
  • Tax Amount: $7,166
  • Tax Rate Code Area: 004-080

    Appraisal Valuation

  • Standard Deviation: 0.176
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 77
  • Final Value: 827,997
  • High Value: 973,757
  • Low Value: 682,236

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $418,000
  • First Open Lien Mortgage Lender: UNITED WHOLESALE MORTGAGE
  • First Open Lien Mortgage Recording Date: Aug 31, 2020
  • First Open Lien Mortgage Loan Amount: $418,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Sep 01, 2050

    Market Valuation

  • Market Total Value: $569,610

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $624,240
  • Assessed Land Value: $187,272
  • Assessed Improvements Value: $436,968

    Sales

  • Current Sale Contract Date: Aug 07, 2020
  • Current Sale Recording Date: Aug 31, 2020
  • Current Sale Transaction ID: 11786070105
  • Current Sale Price: $600,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 2020-0407517
  • Previous Sale Recording Date: Jun 13, 2019
  • Previous Sale Contract Date: May 17, 2019
  • Previous Sale Amount: $555,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: UNITED WHOLESALE MORTGAGE
  • First Mortgage Transaction Date: Aug 31, 2020
  • First Mortgage Loan Amount: $418,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: WELLS FARGO BANK NA
  • Previous Mortgage Transaction Date: Jun 13, 2019
  • Previous Mortgage Loan Amount: $384,990
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jul 01, 2049

About South Corona



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Frequently Asked Questions

What neighborhood is 1194 Salem Drive located in?
The 1194 Salem Drive is a house located in the neighborhood of Corona Vista in South Corona, Corona.
What is the average sales price for listings in 1194 Salem Drive?
The average sales price for units in 1194 Salem Drive is $579,900 , or $265/sqft. currently.

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