NOT LISTED FOR SALE

1170 Fountain St Riverside, CA 92507

Highgrove Neighborhood

Estimated Value: $764,000 - $1,206,000

5 Beds
4 Baths
2,600 Sq Ft
$361/Sq Ft Est. Value

Last Sold March 24, 2020

Last sale price $570,000 $219 Per Sq Ft

Est. 65% increase in value since last sale

Current estimated payment $5,474/month

8 Days on Market

About This Home

As of March 2020

4plex - 3 one bedrooms, 1 two bedroom. New roof, newer septic system and windows. Newer water heaters in all units. Potential 4 car garage/car port and laundry room with plumbing. One bedrooms have been updated, Two bedroom just completed full rehab.

Last Agent to Sell the Property

Gina Pugliese

Rise Realty License #02013068 Listed on: 02/17/2020

Rise Realty

Last Buyer's Agent

Tricia LaRocca

Box Properties License #01191129

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 8,156 Sq Ft Lot
  • Two or More Common Walls
  • Cul-De-Sac
  • Density is 2-5 Units/Acre

Parking

  • 4 Car Garage

Home Design

  • 2,600 Sq Ft Home
  • Apartment

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Utilities

  • Septic Type Unknown

Listing and Financial Details

  • Tenant pays for electricity
  • Tax Lot 4
  • Assessor Parcel Number 247091048

Community Details

Overview

  • 4 Units

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 5 Separate Water Meters
  • Insurance Expense $1,004
  • Trash Expense $993
  • Water Sewer Expense $540
  • New Taxes Expense $6,050
  • Operating Expense $11,423
  • Gross Income $43,000
  • Net Operating Income $31,600

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

0

Parking

4

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 540.00
  • Zoning: R-2
  • Property Type: Residential Income
  • Parcel Number: 247091048
  • Year Built: 1965
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: One
  • Price Per Square Foot: 219.23

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: No
  • Sewer: Septic Type Unknown
  • Trash Expense: 993.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Cul-De-Sac
  • Lot Size Sq Ft: 8156.00
  • Lot Size Acres: 0.1872

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Average1 Bed Area: 600 Square Feet
  • Average2 Bed Area: 800 Square Feet
  • Gross Income: 43000.00
  • Gross Scheduled Income: 43000.00
  • Insurance Expense: 1004.00
  • Lot Size Area: 8156.0000 Square Feet
  • Net Operating Income: 31600.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 5
  • Number Of Units Total: 4
  • Operating Expense: 11400.00
  • Rent Control: No
  • Total Expenses: 11422.98

Tax Info

  • New Taxes Expense: 6050.00
  • Tax Census Tract: 423.00
  • Tax Lot: 4
  • Tax Tract Number: 00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 17, 2020
Closed on
Feb 28, 2020
Sold by
Inland Valley Property Management Llc
Bought by
Ortega Erika Francis and Burton Brandon
Seller's Agent
Gina Pugliese
Rise Realty
Buyer's Agent
Tricia LaRocca
Box Properties
List Price
$550,000
Sold Price
$570,000
Premium/Discount to List
$20,000
3.64%
Current Estimated Value
$938,588

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$368,588
Avg. Annual Appreciation
9.00%
Original Mortgage
$559,675
Outstanding Balance
$494,727
Interest Rate
3.4%
Mortgage Type
FHA
Estimated Equity
$443,861

Purchase Details

Closed on
Dec 2, 2004
Sold by
Schiavon Joseph
Bought by
Inland Valley Property Management Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$336,000
Interest Rate
5.72%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 5, 2004
Sold by
Schiavon Lori
Bought by
Schiavon Joseph

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$336,000
Interest Rate
5.72%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 8, 2004
Sold by
Germing John W and Lee Germing Brenda S
Bought by
Schiavon Joseph

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$336,000
Interest Rate
5.72%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 21, 2004
Sold by
Zamarron Olga
Bought by
Germing John W and Lee Germing Brenda S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,955
Interest Rate
7.85%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 20, 2003
Sold by
Simjee Abdul R
Bought by
Zamarron Olga

Purchase Details

Closed on
Mar 3, 1999
Sold by
Grange Phillip G
Bought by
Simjee Abdul R

Purchase Details

Closed on
Mar 26, 1998
Sold by
Grange Sandra L
Bought by
Grange Phillip G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$20,000
Interest Rate
7.07%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 16, 1998
Sold by
Pff Bank & Trust
Bought by
Grange Phillip G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$20,000
Interest Rate
7.07%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 18, 1997
Sold by
Lynne Garrison Wiehe
Bought by
Pff Bank & Trust
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
Ortega Erika Francis $570,000 Ticor Title Riverside
Inland Valley Property Management Llc -- --
Schiavon Joseph -- First American Title Co
Schiavon Joseph $420,000 First American Title Co
Germing John W $120,000 Alliance Title Company
Zamarron Olga $102,918 Stewart Title
Simjee Abdul R -- --
Simjee Abdul R -- --
Grange Phillip G -- Chicago Title Co
Grange Phillip G $150,000 Chicago Title Co
Pff Bank & Trust $104,025 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ortega Erika Francis $559,675
Previous Owner Schiavon Joseph $336,000
Previous Owner Germing John W $215,955
Previous Owner Grange Phillip G $20,000
Closed Schiavon Joseph $42,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/24/2020 03/24/20 Sold $570,000 +3.6% $219 / Sq Ft
02/28/2020 02/28/20 For Sale $550,000 0.0% $212 / Sq Ft
02/25/2020 02/25/20 Pending -- -- --
02/24/2020 02/24/20 Pending -- -- --
02/23/2020 02/23/20 For Sale $550,000 0.0% $212 / Sq Ft
02/18/2020 02/18/20 Pending -- -- --
02/17/2020 02/17/20 For Sale $550,000 -- $212 / 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 $6,834 $623,374 $218,727 $404,647
2023 $6,834 $599,170 $210,235 $388,935
2022 $6,653 $587,422 $206,113 $381,309
2021 $6,537 $575,905 $202,072 $373,833
2020 $6,101 $535,299 $187,372 $347,927
2019 $5,986 $524,804 $183,699 $341,105
2018 $5,869 $514,515 $180,098 $334,417
2017 $5,765 $504,427 $176,567 $327,860
2016 $5,395 $494,537 $173,105 $321,432
2015 $5,324 $487,109 $170,505 $316,604
2014 $5,275 $477,569 $167,166 $310,403
Source: Public Records

Agents Affiliated with this Home

  • Gina Pugliese

    Seller's Agent in 2020

    Gina Pugliese

    Rise Realty

    (562) 335-0090

    14 Total Sales

    Gina Pugliese
    Section Image

  • T

    Buyer's Agent in 2020

    Tricia LaRocca

    Box Properties

    (951) 283-6935

    4 Total Sales

    Tricia LaRocca
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW20035412

California Regional Multiple Listing Service (CRMLS)

APN: 247-091-048

California Riverside County Riverside 92507 Highgrove

1170 Fountain St, Riverside, CA

Not Listed for Sale

MultiFamily

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