Seller's Agent in 2025
Mase Abdeshahian
Regency Real Estate Brokers
(949) 743-4186
4 in this area
23 Total Sales
12193 Raley Dr Riverside, CA 92505
La Sierra Neighborhood
8
Beds
5
Baths
4,771
Sq Ft
5.68
Acres
Highlights
- Detached Guest House
- Private Pool
- Panoramic View
- Golf Course Community
- RV Access or Parking
- 5.68 Acre Lot
About This Home
As of May 2025A golden opportunity! Nestled in a prime location, this expansive 5.68-acre property boasts not one, but two homes awaiting transformation. The 1948 main house, offers over 3,500 SqFt of space, providing a solid foundation for potential redevelopment. Accompanying it is a 1997 manufactured home, featuring 3 bedrooms and 2 baths, offering potential to unlock the property's true value. But it's the land that truly sets this opportunity apart. With a commercial irrigation system in place and a diverse landscape featuring native and non-native trees, including fruit-bearing varieties, the potential for development is limitless. Two gated entrances and a 5 ft. high wrought iron fence provide security and privacy, while the property's location atop the hill offers sweeping views of Riverside, the mountains, and city lights. Investors, take note – this property can be subdivided, with several flat areas ready for development. Explore the possibilities with the city of Riverside to maximize the value of this one-of-a-kind location. With its unbeatable location and untapped potential, this property is a rare find for the savvy investor looking to capitalize on the real estate market. Don't miss out – seize this golden opportunity and turn your vision into reality today!
Last Agent to Sell the Property
Regency Real Estate Brokers Brokerage Phone: 949-743-4186 License #02200526 Listed on: 03/25/2024
Home Details
Home Type
- Single Family
Year Built
- Built in 1948
Lot Details
- 5.68 Acre Lot
- Wrought Iron Fence
- Privacy Fence
- Secluded Lot
- Sprinklers on Timer
- Density is 2-5 Units/Acre
- Value in Land
- Property is zoned R6W
Property Views
- Panoramic
- City Lights
- Woods
- Canyon
- Mountain
- Hills
- Valley
- Rock
Home Design
- Entry on the 1st floor
- Fixer Upper
- Brick Exterior Construction
- Slab Foundation
- Fire Rated Drywall
- Composition Roof
Interior Spaces
- 4,771 Sq Ft Home
- 2-Story Property
- Fireplace
- Blinds
- Concrete Flooring
Kitchen
- Eat-In Kitchen
- Gas Oven
- Gas Cooktop
Bedrooms and Bathrooms
- 8 Bedrooms | 2 Main Level Bedrooms
- 5 Full Bathrooms
- Bathtub with Shower
- Walk-in Shower
Laundry
- Laundry Room
- Gas Dryer Hookup
Parking
- Attached Carport
- Parking Available
- Circular Driveway
- Combination Of Materials Used In The Driveway
- Driveway Up Slope From Street
- Automatic Gate
- RV Access or Parking
Outdoor Features
- Private Pool
- Exterior Lighting
Utilities
- Central Heating and Cooling System
- Conventional Septic
Additional Features
- More Than Two Accessible Exits
- Detached Guest House
Listing and Financial Details
- Tax Tract Number 40902
- Assessor Parcel Number 168340001
- $118 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
Recreation
- Golf Course Community
- Park
- Dog Park
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 25, 2024
Closed on
Apr 16, 2025
Sold by
Hankins E A
Bought by
La Sierra University
Seller's Agent
Mase Abdeshahian
Regency Real Estate Brokers
Buyer's Agent
NoEmail NoEmail
None MRML
List Price
$1,499,000
Sold Price
$1,100,000
Premium/Discount to List
-$399,000
-26.62%
Views
148
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$20,982
Avg. Annual Appreciation
3.09%
Purchase Details
Closed on
Jan 3, 2001
Sold by
Trowbridge Francis E and Trowbridge Linda J
Bought by
Hankins E A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,000
Interest Rate
6.55%
Mortgage Type
Purchase Money Mortgage
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,100,000 | Orange Coast Title | |
| Grant Deed | $390,000 | First American Title Co |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $275,000 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/13/2025 05/13/25 | Sold | $1,100,000 | -26.6% | $231 / Sq Ft |
| 04/11/2025 04/11/25 | For Sale | $1,499,000 | +36.3% | $314 / Sq Ft |
| 03/27/2025 03/27/25 | Pending | -- | -- | -- |
| 10/24/2024 10/24/24 | Off Market | $1,100,000 | -- | -- |
| 05/23/2024 05/23/24 | Price Changed | $1,499,000 | -6.3% | $314 / Sq Ft |
| 03/26/2024 03/26/24 | For Sale | $1,599,000 | +45.4% | $335 / Sq Ft |
| 03/25/2024 03/25/24 | Off Market | $1,100,000 | -- | -- |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $7,114 | $587,639 | $301,355 | $286,284 |
| 2023 | $7,114 | $564,822 | $289,654 | $275,168 |
| 2022 | $6,586 | $553,748 | $283,975 | $269,773 |
| 2021 | $6,474 | $542,891 | $278,407 | $264,484 |
| 2020 | $6,371 | $537,326 | $275,553 | $261,773 |
| 2019 | $6,288 | $526,791 | $270,150 | $256,641 |
| 2018 | $6,201 | $516,462 | $264,853 | $251,609 |
| 2017 | $6,087 | $506,336 | $259,660 | $246,676 |
| 2016 | $5,988 | $496,409 | $254,569 | $241,840 |
| 2015 | $5,902 | $488,955 | $250,747 | $238,208 |
| 2014 | $5,884 | $479,379 | $245,836 | $233,543 |
Source: Public Records
Agents Affiliated with this Home
-
Mase Abdeshahian
-
Amy Taylor
Seller Co-Listing Agent in 2025
Amy Taylor
Regency Real Estate Brokers
(949) 400-7043
3 in this area
48 Total Sales
-
NoEmail NoEmail
N
Buyer's Agent in 2025
NoEmail NoEmail
None MRML
(646) 541-2551
4 in this area
6,160 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC24056889
APN: 168-340-001
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
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. Properties may or may not be listed by the office/agent presenting the information
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