NOT LISTED FOR SALE

17045 Ridge Canyon Dr Riverside, CA 92506

Estimated Value: $798,784 - $1,245,000

6 Beds
4 Baths
3,677 Sq Ft
$260/Sq Ft Est. Value

Sale Details

Date Sold: October 1, 2019

Last sale price $583,000 $159 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $5,625 / mo

77 Days on Market

Highlights

  • Heated Pool
  • No HOA
  • Foothills
  • Frank Augustus Miller Middle School Rated A-
  • Laundry Room
  • Central Heating

About This Home

As of October 2019

Great Investment opportunity. Live in one house and receive $2000 month from duplex. If you're looking for a nice single story t live in and have rental income this property has it all. Sitting on 1.5 acres this rural home with a pool has 4 bedrooms with a Master bed and bath separated from the other rooms. Step out the back and take a dive in the pool. A large family room is separated from the living room by the kitchen. Lots of room for large parties, even if you have two groups. Watch TV in one and play games in the other. Yes, you can do that here. The 2 car garage has a separate work room that includes an unpermitted bathroom.
The investment opportunity comes from the duplex that sits at the bottom of the property. Each unit has 1 bedroom and 1 bath. Rents are low now due to family but owner has been offered over $1000 each. One unit was in great shape while the other needs carpet. All of this with room for RV's and boats. Property has one APN but two addresses. The second address for the duplex is 17047 and is the one showing under this APN.
I almost forgot to mention the view. Sit in the living room and look out over the city lights. You can see forever on a clear day. Feel like you're on top of the world.

Last Agent to Sell the Property

Jeff Maas

NATIONAL REALTY GROUP License #00981576 Listed on: 06/05/2019

NATIONAL REALTY GROUP

Last Buyer's Agent

John Nguyen

Premier Agent Network License #01816912

Premier Agent Network

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1980

Lot Details

  • 1.5 Acre Lot
  • No Common Walls

Parking

  • 2 Car Garage

Interior Spaces

  • 3,677 Sq Ft Home
  • 1-Story Property
  • Family Room with Fireplace

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Pool

  • Heated Pool
  • Fence Around Pool

Utilities

  • Central Heating
  • Private Water Source
  • Conventional Septic

Listing and Financial Details

  • Assessor Parcel Number 245250030

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units
  • Foothills

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $6,000
  • Insurance Expense $1,000
  • Trash Expense $500
  • Water Sewer Expense $600
  • New Taxes Expense $7,500
  • Operating Expense $15,600
  • Gross Income $24,000
  • Net Operating Income $8,400

Property Details

Home Type

Multi-Family

Year Built

Built in 1980

Lot Details

1.5 Acres

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Water Sewer Expenses: 600.00
  • Zoning: R-A-1 1/2
  • Property Type: Residential Income
  • Parcel Number: 245250030
  • Year Built: 1980
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Stories: 1
  • Common Walls: No Common Walls
  • Fireplace Features: Family Room
  • Levels: One
  • Price Per Square Foot: 158.55

Exterior Features

  • Pool Features: Private, Fenced, Heated
  • Pool Private: Yes

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: In Garage
  • Sewer: Conventional Septic
  • Trash Expense: 500.00
  • Water Source: Private

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Foothills

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot Over 40000 Sqft
  • Lot Size Sq Ft: 65340.00
  • Lot Size Acres: 1.5000

Multi Family

  • Average1 Bed Area: 800 Square Feet
  • Electric Expense: 6000.00
  • Gross Income: 24000.00
  • Gross Scheduled Income: 24000.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 65340.0000 Square Feet
  • Net Operating Income: 8400.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 15600.00
  • Rent Control: No
  • Total Expenses: 15600.00

Tax Info

  • New Taxes Expense: 7500.00
  • Tax Census Tract: 420.05

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 31, 2019
Sold by
Aten Teresa
Bought by
Nguyen John Louis
Current Estimated Value
$954,446

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$466,400
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 5, 2017
Sold by
Aten Phillip and Aten Teresa
Bought by
Aten Phillip Lee and Aten Teresa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,000
Interest Rate
4.03%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 11, 2003
Sold by
Gonzalez Martin and Gonzalez Luz M
Bought by
Aten Phillip and Aten Teresa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,000
Interest Rate
6.14%
Mortgage Type
Commercial

Purchase Details

Closed on
May 6, 1997
Sold by
Lisa Mccrillis
Bought by
Mccrillis Robert S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,000
Interest Rate
6.78%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
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Percent Increase
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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
Nguyen John Louis $583,000 First American Title Company
Aten Phillip Lee -- First American Title Company
Aten Phillip $355,000 First American Title
Mccrillis Robert S -- Mfi Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Nguyen John Louis $466,400
Previous Owner Aten Phillip Lee $325,000
Previous Owner Aten Phillip $215,000
Previous Owner Mccrillis Robert S $25,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/01/2019 10/01/19 Sold $583,000 -2.8% $159 / Sq Ft
08/21/2019 08/21/19 Pending -- -- --
08/13/2019 08/13/19 For Sale $599,900 0.0% $163 / Sq Ft
08/05/2019 08/05/19 Pending -- -- --
07/14/2019 07/14/19 Price Changed $599,900 -4.8% $163 / Sq Ft
06/05/2019 06/05/19 For Sale $629,900 -- $171 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $6,785 $637,591 $164,045 $473,546
2023 $6,785 $612,834 $157,676 $455,158
2022 $6,599 $600,819 $154,585 $446,234
2021 $6,495 $589,039 $151,554 $437,485
2020 $6,506 $583,000 $150,000 $433,000
2019 $6,338 $567,641 $95,582 $472,059
2018 $6,211 $556,511 $93,709 $462,802
2017 $6,099 $545,600 $91,872 $453,728
2016 $5,699 $534,903 $90,071 $444,832
2015 $5,442 $510,000 $150,000 $360,000
2014 $6,113 $480,000 $150,000 $330,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV19133497

California Regional Multiple Listing Service (CRMLS)

APN: 245-250-030

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