NOT LISTED FOR SALE

16241 Chicago Ave Riverside, CA 92508

Orangecrest Neighborhood

Estimated Value: $583,000 - $668,000

3 Beds
2 Baths
1,706 Sq Ft
$370/Sq Ft Est. Value

Last Sold January 23, 2013

Last sale price $170,000 $100 Per Sq Ft

Est. 271% increase in value since last sale

Current estimated payment $3,510/month

139 Days on Market

Highlights

  • 0.5 Acre Lot
  • View of Hills
  • 2 Car Attached Garage
  • Frank Augustus Miller Middle School Rated A-
  • Fireplace
  • Tile Flooring

About This Home

As of January 2013

This home is located at 16241 Chicago Ave, Riverside, CA 92508 since 30 July 2012 and is currently estimated at $631,025, approximately $369 per square foot. This property was built in 1983. 16241 Chicago Ave is a home located in Riverside County with nearby schools including Woodcrest Elementary School, Frank Augustus Miller Middle School, and Martin Luther King Junior High School.

Last Agent to Sell the Property

Myron Butler

The Funding & Lending Network License #01403586 Listed on: 07/30/2012

Last Buyer's Agent

Myron Butler

The Funding & Lending Network License #01403586 Listed on: 07/30/2012

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1983

Lot Details

  • 0.5 Acre Lot
  • Lot Dimensions are 320x68

Parking

  • 2 Car Attached Garage

Home Design

  • Tile Roof
  • Concrete Roof
  • Stucco

Interior Spaces

  • 1,706 Sq Ft Home
  • Fireplace
  • Tile Flooring
  • Views of Hills

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Central Heating and Cooling System

Community Details

  • Built by Woodcrest

Listing and Financial Details

  • Tax Lot 44
  • Tax Tract Number 1
  • Assessor Parcel Number 274130009

Home Details

Home Type

Single Family

Year Built

Built in 1983

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: No
  • Subdivision Name Other: Woodcrest
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 274130009
  • Year Built: 1983
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1706.00
  • Common Walls: No Common Walls
  • Flooring: Tile
  • Appliances: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Levels: One
  • Price Per Square Foot: 99.65

Exterior Features

  • Patio: No
  • View: Hills
  • Fence: No
  • Builder Name: Woodcrest
  • Pool Private: No
  • Roof: Tile, Concrete
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: No
  • Total Parking Spaces: 2.00

Utilities

  • Sprinklers: No
  • Heating: No
  • Laundry: No
  • Heating Type: Central
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Lease Purchase: No
  • Lot Size: 320x68
  • Lot Size Sq Ft: 21780.00
  • Lot Size Acres: 0.5000

Multi Family

  • Lease Considered: No
  • Lot Size Area: 21780.0000 Square Feet

Tax Info

  • Tax Lot: 44
  • Tax Tract Number: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 24, 2017
Sold by
Penney Benjamin C and Penney Janette
Bought by
Penney Benjamin C and Penney Janette
Current Estimated Value
$631,025

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,000
Outstanding Balance
$93,368
Interest Rate
4.03%
Mortgage Type
New Conventional
Estimated Equity
$537,657

Purchase Details

Closed on
Aug 21, 2014
Sold by
Penney Judith L
Bought by
Penney Judith L and Penney Benjamin C

Purchase Details

Listed on
Jul 30, 2012
Closed on
Mar 5, 2013
Sold by
Walsh Mike
Bought by
Chicago Avenue Trust
Seller's Agent
Myron Butler
The Funding & Lending Network
Buyer's Agent
Myron Butler
The Funding & Lending Network
List Price
$235,000
Sold Price
$170,000
Premium/Discount to List
-$65,000
-27.66%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.65%

Purchase Details

Listed on
Jul 30, 2012
Closed on
Jan 15, 2013
Sold by
Walsh Julie A
Bought by
Walsh Mike
Seller's Agent
Myron Butler
The Funding & Lending Network
Buyer's Agent
Myron Butler
The Funding & Lending Network
List Price
$235,000
Sold Price
$170,000
Premium/Discount to List
-$65,000
-27.66%

Purchase Details

Closed on
Jan 5, 2010
Sold by
Walsh Michael J
Bought by
Penney Judith L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$186,394
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 5, 2006
Sold by
Rader Pamela A
Bought by
Penney Ben and Penney Janette

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$46,999
Interest Rate
6.43%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Mar 15, 1996
Sold by
First Nationwide Mtg
Bought by
Rader Pamela A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,022
Interest Rate
7.41%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Penney Benjamin C -- Stewart Title Of California
Penney Judith L -- None Available
Chicago Avenue Trust -- None Available
Walsh Mike -- Orange Coast Title Company
Walsh Mike $170,000 Orange Coast Title Company O
Penney Judith L $380,000 Stewart Title Of Ca Inc
Penney Ben $470,000 Ticor Title
Rader Pamela A $125,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Penney Benjamin C $176,000
Previous Owner Penney Judith L $186,394
Previous Owner Penney Ben $46,999
Previous Owner Penney Ben $375,999
Previous Owner Rader Pamela A $124,022
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/23/2013 01/23/13 Sold $170,000 -3.0% $100 / Sq Ft
12/16/2012 12/16/12 Pending -- -- --
11/23/2012 11/23/12 Price Changed $175,300 -7.7% $103 / Sq Ft
10/31/2012 10/31/12 Price Changed $190,000 -19.1% $111 / Sq Ft
07/30/2012 07/30/12 For Sale $235,000 -- $138 / 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 $2,553 $232,696 $85,599 $147,097
2023 $2,553 $223,662 $82,276 $141,386
2022 $2,495 $219,277 $80,663 $138,614
2021 $2,471 $214,979 $79,082 $135,897
2020 $2,453 $212,776 $78,272 $134,504
2019 $2,408 $208,605 $76,738 $131,867
2018 $2,361 $204,516 $75,234 $129,282
2017 $2,320 $200,505 $73,758 $126,747
2016 $2,173 $196,574 $72,312 $124,262
2015 $2,142 $193,624 $71,227 $122,397
2014 $1,916 $170,771 $60,272 $110,499
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2013

    Myron Butler

    The Funding & Lending Network

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: S707409

California Regional Multiple Listing Service (CRMLS)

APN: 274-130-009

California Riverside County Riverside 92508 Orangecrest

16241 Chicago Ave, Riverside, CA

Not Listed for Sale

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