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656 North 7th Street

656 North 7th Street, Colton, CA 92324
Property in San Bernardino
Sold Sep 28, 2018
$390,000
$585,000 by Finance Of America Reverse Llc
Mortgage
Sold May 09, 2018
$245,000
Buyer
Seller
$200,000 by Olbricht Living Trust
Mortgage
Local assessors in Colton, CA have categorized 656 North 7th Street as a residential type of property. The home was built in 1952 and is 72 years old. The property's lot size has been calculated to be 7,500 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a triplex style. 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, 6 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 3 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.

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 municipal system. For water disposal, homeowners who don't want the additional responsibilities of handling a septic tank will be happy to learn that the home is connected to a municipal sewage system. Though, they may have to pay additional fees to have their wastewater disposed. 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 property was last sold in Aug 16, 2018 for $390,000. That's $162.23 per sqft. Prior to that sales transaction, the property was also sold in May 4, 2018 for $245,000. 656 North 7th Street was last assessed in 2023. The total value of the property was assessed at $418,159. Specifically, the land the property is located on was valued at $112,581. While improvements on the property were assessed at a total of $305,578. The total assessed value for this property is more than the total market value as of this moment. Which is pretty atypical. The total amount of taxes due from a property owner is $5,042. 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. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1952
  • Effective Year Built: 1952
  • Building Count: 1
  • Bedroom Count: 6
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Quality: C
  • Construction Type: Wood
  • Building Style: Triplex
  • Floor Count: 2
  • Living Units: 2
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 7,500
  • Total Building Area: 2,404
  • Gross Building Area: 2,404
  • Building Area: 2,404
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: COLTON ADDITIONS
  • Land Acres: 0.172
  • Standard Land Use Code: Triplex (3 units, any combination)
  • Legal Description 1: COLTON ADDITION S 50 FT LOTS 6 7 AND 8 BLK 49

Ownership

  • Current Owner : JIMENEZ ALFONSO
  • Previous Owner : RUIZ FIDEL
  • Owner Before Previous Owner: WALLACE UN
  • Is Owner Occupied: Owner-occupied property
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Colton Joint Unified School District
  • Census Tract: 012500

Geography

  • Assessors Map Reference: 27-B1
  • District: 12
  • Subdivision Tract Number: 4
  • Parcel: 0162-043-18-0000
  • Block: 49
  • Lot: 6
  • Municipality: SAN BERNARDINO
  • Latitude: 34.072
  • Longitude: -117.325

    Address

  • Full Address: 656 N 7th St
  • Address - House Number: 656
  • Street Direction: N
  • Address - Street Name: 7th
  • Address - Suffix Type: St
  • State: CA
  • City Name: Colton
  • Carrier Code: C012
  • 4-Digit Zip Code: 2876
  • Zip Code: 92324

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $5,042
  • Tax Rate Code Area: 002-000

    Appraisal Valuation

  • Standard Deviation: 0.2014
  • Valuation Date: Jul 19, 2023
  • Confidence Score: 72
  • Final Value: 591,052
  • High Value: 710,114
  • Low Value: 471,989

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $585,000
  • First Open Lien Mortgage Lender: FINANCE OF AMERICA REVERSE LLC
  • First Open Lien Mortgage Recording Date: Sep 28, 2018
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $585,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Reverse Mortgage (Home Equity Conversion Mortgage)

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $418,159
  • Assessed Land Value: $112,581
  • Assessed Improvements Value: $305,578

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 16, 2018
  • Current Sale Recording Date: Sep 28, 2018
  • Current Sale Transaction ID: 11510553434
  • Current Sale Price: $390,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 2018-0358399
  • Previous Sale Recording Date: May 09, 2018
  • Previous Sale Contract Date: May 04, 2018
  • Previous Sale Amount: $245,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: FINANCE OF AMERICA REVERSE LLC
  • First Mortgage Transaction Date: Sep 28, 2018
  • First Mortgage Loan Amount: $585,000
  • First Mortgage Terms: 999
  • First Mortgage Loan Type: Reverse Mortgage (Home Equity Conversion Mortgage)

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: OLBRICHT LIVING TRUST
  • Previous Mortgage Transaction Date: May 09, 2018
  • Previous Mortgage Loan Amount: $200,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage

About Colton



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Frequently Asked Questions

What neighborhood is 656 North 7th Street located in?
The 656 North 7th Street is a located in the neighborhood of San Bernardino in Colton, Colton.
What is the average sales price for listings in 656 North 7th Street?
The average sales price for units in 656 North 7th Street is $0 currently.

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