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2262 Arabian Way

2262 Arabian Way, Corona, CA 92879
Townhouse in Corona Hills
Sold Nov 30, 2021
$480,000
$384,000 by Banner Bank
Mortgage
Sold Jun 15, 2018
$360,000
$353,479 by Residential Bancorp
Mortgage Due Jul 01, 2048
Local assessors in Corona, CA have categorized 2262 Arabian Way as a residential type of property. The home was built in 1990 and is 34 years old. The property's lot size has been calculated to be 2,178 square feet. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 2 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 3 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 2262 Arabian Way has a total of 1,186 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home sources its water from a water system. The home is connected to a sewer system. Which is great for homeowners who want a more hands-off approach to handling their wastewater disposal. Additional features on the property are as follows. There is a attached garage for those who need a place to park their vehicle. The garage on the property is 521 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with wood control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. The building has a roof that is made of tile. Residents rely on central air conditioning for their cooling system. The home's a central heating system is the primary heating source and it is being fueled with gas. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. 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, 2262 Arabian Way sold most recently in Nov 12, 2021 for a total of $480,000. If you work out the math, that's approximately a cost of $281.20 per sqft. Before that, the property was also sold for $360,000 in May 10, 2018. 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 $5,574 in taxes each year. The initial year of tax delinquency occurred in 2023. 2262 Arabian Way was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $489,600. If we break it down further, the land itself was valued at $102,000. Improvements to the property, however, were assessed at a total of $387,600. The property's total assessed value has been marked as more than the total market value which is pretty atypical. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.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

Parking

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

Building Info

Overview

    General

  • Year Built: 1990
  • Effective Year Built: 1990
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Quality: C
  • Construction Type: Wood
  • Roof Cover Type: Tile
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 521
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 2,178
  • Total Building Area: 1,707
  • Gross Building Area: 1,707
  • Building Area: 1,186
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,186
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: TRACT NO 23096
  • Land Acres: 0.05
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Water rights (misc.)
  • Legal Description 1: LOT 54 MB 205/098 TR 23096

Ownership

  • Current Owner : HUE & CRY INC
  • Previous Owner : RHONE TERRENCE R
  • Previous Owner 2: ELLIS JAMESHIA M
  • Owner Before Previous Owner: RATNANI ANIL
  • Owner Before Previous Owner 2: RATNANI MEHA
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Corona-Norco Unified School District
  • Census Tract: 040814

Zoning

  • Zoning: R1

Geography

  • Subdivision Tract Number: 23096
  • Parcel: 172-010-018
  • Lot: 54
  • Municipality: CORONA
  • Latitude: 33.8967
  • Longitude: -117.524

    Address

  • Full Address: 2262 Arabian Way
  • Address - House Number: 2262
  • Address - Street Name: Arabian
  • Address - Suffix Type: Way
  • State: CA
  • City Name: Corona
  • Carrier Code: C027
  • 4-Digit Zip Code: 7762
  • Zip Code: 92879

Valuation

    Tax

  • Total Area: 1,186
  • Tax Year: 2023
  • Tax Amount: $5,574
  • Intital Tax Deliquent Year: 2023
  • Tax Rate Code Area: 004-148

    Appraisal Valuation

  • Standard Deviation: 0.1845
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 75
  • Final Value: 544,972
  • High Value: 645,526
  • Low Value: 444,417

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $384,000
  • First Open Lien Mortgage Lender: BANNER BANK
  • First Open Lien Mortgage Recording Date: Jan 31, 2022
  • First Open Lien Mortgage Financing Type: Variable
  • First Open Lien Mortgage Loan Amount: $384,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional

    Market Valuation

  • Market Total Value: $421,650

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $489,600
  • Assessed Land Value: $102,000
  • Assessed Improvements Value: $387,600

    Sales

  • Current Sale Contract Date: Nov 12, 2021
  • Current Sale Recording Date: Nov 30, 2021
  • Current Sale Transaction ID: 11872356158
  • Current Sale Price: $480,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 2021-0708304
  • Previous Sale Recording Date: Jun 15, 2018
  • Previous Sale Contract Date: May 10, 2018
  • Previous Sale Amount: $360,000
  • Previous Sale Document Type: Grant Deed

    Previous Mortgages

  • Previous Mortgage Lender: RESIDENTIAL BANCORP
  • Previous Mortgage Transaction Date: Jun 15, 2018
  • Previous Mortgage Loan Amount: $353,479
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Jul 01, 2048

About North Corona



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Nearby Rentals

Unit for rent at

$1,900 /mo

  • 1 Bed
  • 1 Bath
  • 642 ft²
Listing by Manager

Frequently Asked Questions

What neighborhood is 2262 Arabian Way located in?
The 2262 Arabian Way is a townhouse located in the neighborhood of Corona Hills in North Corona, Corona.
What is the average sales price for listings in 2262 Arabian Way?
The average sales price for units in 2262 Arabian Way is $0 currently.

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