NOT LISTED FOR SALE

1638 Palermo Dr Riverside, CA 92507

Estimated Value: $611,000 - $637,772

5 Beds
3.5 Baths
2,325 Sq Ft
$270/Sq Ft Est. Value

Last Sold September 30, 2020

Last sale price $450,000 $194 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $4,038/month

35 Days on Market

Highlights

  • Clubhouse
  • Neighborhood Views
  • 2 Car Attached Garage
  • Private Yard
  • Jogging Track
  • Community Playground

About This Home

As of September 2020

This community is a hidden gem in the midst of a well established area. Newer construction and green parkways is very rare in this area. This home has been modified to have 6 bedrooms (2 downstairs) and 3 bathroom. It was a previous rental home and was occupied by UCR students. Home has a large kitchen great room as well as a super spacious backyard. Upstairs boast a loft that can be used as an office or hang out area. An upstairs bedroom has access to the double door balcony area. To sit and do homework as you enjoy the sunshine. The Master bedroom is very large with a huge master bathroom. Separate tub and shower with dual sinks. All the counters in the home are a neutral Corian solid surface. Loads of closet space in the property as well. This home is great for the first time buyer or the savvy investor!
check out the virtual tour in the link

BACK ON THE MARKET!!!!

Last Agent to Sell the Property

Elizabeth Kristensen

Rise Realty License #01214381 Listed on: 06/17/2020

Rise Realty

Last Buyer's Agent

Alan Wright, MBA

IFOC, Inc. License #01414585

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2007

Lot Details

  • 3,920 Sq Ft Lot
  • Private Yard
  • Back and Front Yard

HOA Fees

  • $175 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 2,325 Sq Ft Home
  • 2-Story Property
  • Family Room
  • Neighborhood Views
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms | 1 Main Level Bedroom

Additional Features

  • Exterior Lighting
  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 37
  • Tax Tract Number 30907
  • Assessor Parcel Number 210220037

Community Details

Overview

  • Aldea Village Association, Phone Number (800) 555-1212

Amenities

  • Clubhouse

Recreation

  • Community Playground
  • Jogging Track

Home Details

Home Type

Single Family

Year Built

Built in 2007

Lot Details

0

HOA Fees

$175 per month

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 210220037
  • Year Built: 2007
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 2325.00 Square Feet
  • Stories: 2
  • Common Walls: No Common Walls
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Entry Level: 1
  • Levels: Two
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 193.55
  • Room Type: Family Room

Exterior Features

  • View: Neighborhood
  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Playground, Jogging Track, Clubhouse
  • Association Fee: 175.00
  • Association Fee Frequency: Monthly
  • Association Name: Aldea Village
  • Phone: 8005551212
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights
  • Association Management: Aldea Village

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Yard
  • Lot Size Sq Ft: 3920.00
  • Lot Size Acres: 0.0900

Multi Family

  • Lease Considered: No
  • Lot Size Area: 3920.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 301.01
  • Tax Lot: 37
  • Tax Tract Number: 30907

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 23, 2020
Sold by
Lu Evelyn
Bought by
Farmer Alricco F and Farmer Gloria G
Current Estimated Value
$627,443

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$441,849
Interest Rate
2.9%
Mortgage Type
FHA

Purchase Details

Listed on
Jun 7, 2016
Closed on
Aug 10, 2016
Sold by
He Jiaying
Bought by
Tiffhugh Invesmtent Llc
Seller's Agent
Ashley Kay
BHHS CA Properties
Buyer's Agent
Patricia Yau
1000 Realty Corporation
List Price
$398,000
Sold Price
$355,000
Premium/Discount to List
-$43,000
-10.8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.25%

Purchase Details

Listed on
Jun 7, 2016
Closed on
Aug 5, 2016
Sold by
Hugh Antonia
Bought by
Lu Evelyn
Seller's Agent
Ashley Kay
BHHS CA Properties
Buyer's Agent
Patricia Yau
1000 Realty Corporation
List Price
$398,000
Sold Price
$355,000
Premium/Discount to List
-$43,000
-10.8%

Purchase Details

Listed on
Jun 7, 2016
Closed on
Aug 1, 2016
Sold by
Tiffhugh Investment Llc
Bought by
Lu Evelyn
Seller's Agent
Ashley Kay
BHHS CA Properties
Buyer's Agent
Patricia Yau
1000 Realty Corporation
List Price
$398,000
Sold Price
$355,000
Premium/Discount to List
-$43,000
-10.8%

Purchase Details

Listed on
Jan 14, 2016
Closed on
Jan 26, 2016
Sold by
Sb Trs Llc
Bought by
He Jiaying
Seller's Agent
RYAN DAY
SILVER BAY CALIFORNIA PROP.
Buyer's Agent
Ashley Kay
BHHS CA Properties
List Price
$335,000
Sold Price
$335,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.44%

Purchase Details

Listed on
Jan 14, 2016
Closed on
Jan 14, 2016
Sold by
2012-B Property Holdings Llc
Bought by
Sb Trs Llc
Seller's Agent
RYAN DAY
SILVER BAY CALIFORNIA PROP.
Buyer's Agent
Ashley Kay
BHHS CA Properties
List Price
$335,000
Sold Price
$335,000

Purchase Details

Closed on
Aug 29, 2012
Sold by
Vasquez Upe Samuel and Vasquez Cybil Gardner
Bought by
2012-B Property Holdings Llc

Purchase Details

Closed on
Oct 25, 2006
Sold by
Yh Riverside 30907 Llc
Bought by
Vasquez Guadalupe Samuel and Vasquez Cybil Gardner

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$361,936
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage
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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Purchase History

Date Buyer Sale Price Title Company
Farmer Alricco F $450,000 First American Title Company
Tiffhugh Invesmtent Llc -- Accommodation
Lu Evelyn -- Fidelity National Title Co
Lu Evelyn $355,000 Fidelity National Title Co
He Jiaying $335,000 Chicago Title Company
Sb Trs Llc -- None Available
2012-B Property Holdings Llc $185,000 Ticor Title Company
Vasquez Guadalupe Samuel $452,500 Orange Coast Title Company O
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Farmer Alricco F $441,849
Previous Owner Vasquez Guadalupe Samuel $361,936
Closed Lu Evelyn $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/30/2020 09/30/20 Sold $450,000 +3.5% $194 / Sq Ft
07/22/2020 07/22/20 Pending -- -- --
06/17/2020 06/17/20 For Sale $434,988 +22.5% $187 / Sq Ft
08/15/2016 08/15/16 Sold $355,000 -1.4% $153 / Sq Ft View Prior Sale
07/28/2016 07/28/16 Price Changed $360,000 -5.2% $155 / Sq Ft
06/16/2016 06/16/16 Price Changed $379,900 -4.5% $163 / Sq Ft
06/07/2016 06/07/16 For Sale $398,000 +18.8% $171 / Sq Ft
03/11/2016 03/11/16 Sold $335,000 0.0% $144 / Sq Ft View Prior Sale
01/22/2016 01/22/16 Pending -- -- --
01/14/2016 01/14/16 For Sale $335,000 0.0% $144 / Sq Ft
08/01/2013 08/01/13 Rented $1,795 0.0% --
06/25/2013 06/25/13 Under Contract -- -- --
06/11/2013 06/11/13 For Rent $1,795 +5.9% --
04/19/2013 04/19/13 Rented $1,695 +792.1% --
04/19/2013 04/19/13 Under Contract -- -- --
04/02/2013 04/02/13 For Rent $190 -- --
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 $7,019 $487,093 $75,769 $411,324
2023 $7,019 $468,180 $72,828 $395,352
2022 $6,865 $459,000 $71,400 $387,600
2021 $6,763 $450,000 $70,000 $380,000
2020 $5,924 $376,728 $74,284 $302,444
2019 $5,812 $369,342 $72,828 $296,514
2018 $5,730 $362,100 $71,400 $290,700
2017 $5,657 $355,000 $70,000 $285,000
2016 $3,990 $216,363 $57,210 $159,153
2015 $3,955 $213,114 $56,351 $156,763
2014 $4,026 $208,943 $55,249 $153,694
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IG20117535

California Regional Multiple Listing Service (CRMLS)

APN: 210-220-037