NOT LISTED FOR SALE

16265 Porter Ave Riverside, CA 92504

Estimated Value: $468,000 - $742,000

5 Beds
3 Baths
2,200 Sq Ft
$298/Sq Ft Est. Value

Last Sold July 05, 2016

Last sale price $400,000 $182 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $3,883/month

83 Days on Market

Highlights

  • Horse Property
  • Open Floorplan
  • Wood Flooring
  • Frank Augustus Miller Middle School Rated A-
  • Traditional Architecture
  • Granite Countertops

About This Home

As of July 2016

*** MAJOR PRICE REDUCTION *** VERY MOTIVATED SELLER *** PERFECT FOR BIG FAMILIES! 2 MOVE-IN READY UNITS ON A BIG LOT! Fantastic location in a family friendly neighborhood close to top rated schools, shopping, and just minutes to the freeway. This spacious property is perfect for big families with 2 separate homes. Front home offers 3 Bedrooms and 2 Bathroom. Back house has 2 Bedrooms with 1 Bathroom. Open floor plan. Custom fireplace in front house. Remodeled kitchen and bathrooms in both units. Granite counters and stainless steel appliances in both units. Ceiling fans in all rooms. Brand-new A/C and heaters. Fresh paint inside and out. All new carpet & vinyl wood flooring. New windows and blinds throughout.

Last Agent to Sell the Property

Marc Berkowitz

Marc Berkowitz, Broker License #01426576 Listed on: 01/12/2016

Last Buyer's Agent

Marc Berkowitz

Marc Berkowitz, Broker License #01426576 Listed on: 01/12/2016

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,996

Year Built

  • Built in 1940 | Remodeled

Lot Details

  • 0.39 Acre Lot
  • Wood Fence
  • Chain Link Fence
  • Brick Fence
  • Fence is in average condition
  • Landscaped
  • Rectangular Lot
  • Paved or Partially Paved Lot
  • Level Lot
  • Private Yard
  • Lawn
  • Back Yard

Home Design

  • Traditional Architecture
  • Entry on the 1st floor
  • Turnkey
  • Raised Foundation
  • Asphalt Roof
  • Partial Copper Plumbing

Interior Spaces

  • 2,200 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Crown Molding
  • Ceiling Fan
  • Recessed Lighting
  • Wood Burning Fireplace
  • Double Pane Windows
  • ENERGY STAR Qualified Windows
  • Blinds
  • Window Screens
  • Sliding Doors
  • Family Room with Fireplace
  • Sunken Living Room
  • Neighborhood Views

Kitchen

  • Gas Oven
  • Six Burner Stove
  • Gas Cooktop
  • Microwave
  • Dishwasher
  • ENERGY STAR Qualified Appliances
  • Granite Countertops

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Mirrored Closets Doors
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Home Security

  • Security Lights
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 4 Parking Spaces
  • Driveway
  • On-Street Parking
  • Uncovered Parking
  • Unassigned Parking

Outdoor Features

  • Horse Property
  • Exterior Lighting
  • Shed

Location

  • Suburban Location

Utilities

  • Central Heating and Cooling System
  • Wall Furnace
  • Gas Water Heater
  • Conventional Septic
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, water
  • Tax Lot 42
  • Tax Tract Number 4
  • Assessor Parcel Number 274060013

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Amenities

  • Laundry Facilities

Recreation

  • Horse Trails

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,996

Year Built

Built in 1940 | Remodeled

Lot Details

0

Listing Details

  • Assessments: No
  • Other Phone Description: Show Phone
  • Other Phone Number: 949-334-7793
  • Property Attached: No
  • Security: Carbon Monoxide Detector(s), Security Lights, Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 500.00
  • Architectural Style: Traditional
  • Property Condition: Updated/Remodeled, Turnkey
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 274060013
  • Year Built: 1940
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2200.00
  • Interior Amenities: Ceiling Fan(s), Crown Molding, Granite Counters, Open Floorplan, Copper Plumbing Partial, Recessed Lighting, Sunken Living Room
  • Stories: 1
  • Entry Location: Ground Level
  • Common Walls: No Common Walls
  • Flooring: Carpet, Vinyl, Wood
  • Appliances: Yes
  • Full Bathrooms: 3
  • Full And Three Quarter Bathrooms: 3
  • Total Bedrooms: 5
  • Door Features: Mirror Closet Door(s), Sliding Doors
  • Entry Level: 1
  • Fireplace Features: Family Room, Wood Burning
  • Levels: One
  • Price Per Square Foot: 181.82
  • Room Type: All Bedrooms Down, Family Room, Master Bedroom, Main Floor Bedroom, Main Floor Master Bedroom
  • Window Features: Blinds, Double Pane Windows, ENERGY STAR Qualified Windows, Screens

Exterior Features

  • Foundation: Raised
  • Other Structures: Shed(s)
  • Exterior Features: Lighting
  • View: Neighborhood
  • Fencing: Average Condition, Brick, Chain Link, Wood
  • Pool Private: No
  • Roof: Asphalt
  • Spa: No

Garage/Parking

  • Parking Features: Driveway, Street, Unassigned, Uncovered
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Cable Available, Phone Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove, Dishwasher, ENERGY STAR Qualified Appliances, Gas Oven, Gas Cooktop, Gas Water Heater, Microwave
  • Electric: Electricity - On Property
  • Heating Type: Central, Wall Furnace
  • Laundry Features: Community, Outside
  • Sewer: Conventional Septic
  • Trash Expense: 200.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Horse Trails, Street Lights, Suburban

Lot Info

  • Land Lease: No
  • Lot Features: Back Yard, Horse Property, Level, Lawn, Landscaped, Rectangular Lot, Level with Street, Lot 10000-19999 Sqft, Paved, Yard
  • Lot Size Sq Ft: 16988.00
  • Price Per Lot Square Foot: 23.55
  • Lot Size Acres: 0.3900

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Water

Multi Family

  • Average2 Bed Area: 900
  • Average3 Bed Area: 1350
  • Gross Income: 2600.00
  • Gross Scheduled Income: 31000.00
  • Insurance Expense: 1000.00
  • Lease Considered: Yes
  • Lot Size Area: 16988.0000 Square Feet
  • Net Operating Income: 24000.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units In Community: 2
  • Number Of Units Total: 2
  • Operating Expense: 7000.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 5000.00
  • Tax Lot: 42
  • Tax Tract Number: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 12, 2016
Closed on
Jun 30, 2016
Sold by
Hernandez Isela
Bought by
Madrigal Erick
Seller's Agent
Marc Berkowitz
Marc Berkowitz, Broker
Buyer's Agent
Marc Berkowitz
Marc Berkowitz, Broker
List Price
$419,000
Sold Price
$400,000
Premium/Discount to List
-$19,000
-4.53%
Current Estimated Value
$656,433

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$256,433
Avg. Annual Appreciation
5.63%
Original Mortgage
$379,000
Outstanding Balance
$303,370
Interest Rate
3.58%
Mortgage Type
New Conventional
Estimated Equity
$359,323

Purchase Details

Listed on
Jan 12, 2016
Closed on
Jun 17, 2016
Sold by
Mahdian Jon
Bought by
Madrigal Erick
Seller's Agent
Marc Berkowitz
Marc Berkowitz, Broker
Buyer's Agent
Marc Berkowitz
Marc Berkowitz, Broker
List Price
$419,000
Sold Price
$400,000
Premium/Discount to List
-$19,000
-4.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$379,000
Outstanding Balance
$303,370
Interest Rate
3.58%
Mortgage Type
New Conventional
Estimated Equity
$359,323

Purchase Details

Closed on
Jul 22, 2015
Sold by
Gomez Ruben Anthony and Griego Julie Anna
Bought by
Mahdian Jon and The Porter Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
3.97%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Dec 6, 2002
Sold by
Quiroz Juan and Quiroz Esmeralda G
Bought by
Gibson Jason Brent and Gibson Linda Quiroz

Purchase Details

Closed on
May 13, 2002
Sold by
Deyoung David
Bought by
Quiroz Juan and Quiroz Esmeralda G
Source: Public Records

Range of Values:

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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
Madrigal Erick -- North American Title Company
Madrigal Erick $400,000 North American Title
Mahdian Jon $235,000 First American Title Co
Gibson Jason Brent -- --
Quiroz Juan $135,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Madrigal Erick $379,000
Previous Owner Porter Trust $240,000
Previous Owner Deyoung George J $67,574
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/05/2016 07/05/16 Sold $400,000 0.0% $182 / Sq Ft
04/04/2016 04/04/16 Pending -- -- --
03/02/2016 03/02/16 Price Changed $399,997 -4.5% $182 / Sq Ft
01/12/2016 01/12/16 For Sale $419,000 -- $190 / 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 $4,996 $464,228 $139,267 $324,961
2023 $4,996 $446,204 $133,860 $312,344
2022 $4,861 $437,456 $131,236 $306,220
2021 $4,774 $428,879 $128,663 $300,216
2020 $4,737 $424,482 $127,344 $297,138
2019 $4,647 $416,160 $124,848 $291,312
2018 $4,553 $408,000 $122,400 $285,600
2017 $4,471 $400,000 $120,000 $280,000
2016 $3,024 $283,553 $90,493 $193,060
2015 $2,736 $256,000 $82,000 $174,000
2014 -- $230,000 $73,000 $157,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC16009965

California Regional Multiple Listing Service (CRMLS)

APN: 274-060-013