NOT LISTED FOR SALE

1942 Milton St Riverside, CA 92507

Estimated Value: $540,656 - $758,000

4 Beds
2 Baths
1,624 Sq Ft
$383/Sq Ft Est. Value

Last Sold September 30, 2016

Last sale price $300,000 $185 Per Sq Ft

Est. 107% increase in value since last sale

Current estimated payment $3,698/month

61 Days on Market

About This Home

As of September 2016

Dpn't miss out on this excellent opportunity to own an income-producing duplex in Riverside! Each unit features 2 bedrooms and 1 bath, nestled close to shopping centers and easy highway access. The building has had several upgrades, must see to appreciate! Hurry, this one won't last!

Last Agent to Sell the Property

DUANE WILLIAMS

JACKSON REAL ESTATE License #01496101 Listed on: 04/21/2016

Last Buyer's Agent

David Villegas

RE/MAX New Dimension License #01746569

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,824

Year Built

  • Built in 1955

Lot Details

  • 6,534 Sq Ft Lot
  • No Units Above
  • 1 Common Wall
  • Private Yard
  • Lawn

Home Design

  • Property Attached

Interior Spaces

  • 1,624 Sq Ft Home
  • Living Room with Fireplace

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 81
  • Assessor Parcel Number 210060003

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $928
  • Professional Management Expense $1,536
  • Water Sewer Expense $360
  • New Taxes Expense $490
  • Gross Income $1,472
  • Net Operating Income $15,886

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,824

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Other Phone Description: TEXT Melba
  • Other Phone Number: 909-332-5814
  • Professional Management Expense: 1536.00
  • Property Attached: Yes
  • Water Sewer Expenses: 360.00
  • Property Type: Residential Income
  • Parcel Number: 210060003
  • Year Built: 1955
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: 1 Common Wall, No One Above
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 184.73

Exterior Features

  • Pool Private: No

Utilities

  • Utilities: Sewer Connected
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lawn, Yard
  • Lot Size Sq Ft: 6534.00
  • Price Per Lot Square Foot: 47.44

Multi Family

  • Average2 Bed Area: 812
  • Gross Income: 1472.00
  • Gross Scheduled Income: 19200.00
  • Insurance Expense: 928.00
  • Net Operating Income: 15886.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 3314.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 490.00
  • Tax Lot: 81

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 21, 2016
Closed on
Oct 19, 2016
Sold by
Cleary Susanna
Bought by
Villegas Isidro
Seller's Agent
DUANE WILLIAMS
JACKSON REAL ESTATE
Buyer's Agent
David Villegas
RE/MAX New Dimension
List Price
$309,999
Sold Price
$300,000
Premium/Discount to List
-$9,999
-3.23%
Current Estimated Value
$621,414

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$321,414
Avg. Annual Appreciation
8.52%
Original Mortgage
$294,566
Interest Rate
3.42%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 18, 1995
Sold by
Cleary Shirley M
Bought by
Cleary Shirley M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,000
Interest Rate
10.99%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 11, 1993
Sold by
Cleary Edward Clifton and Cleary Suzanna
Bought by
Cleary Shirley M

Purchase Details

Closed on
Nov 30, 1993
Sold by
Cleary Shirley M
Bought by
Cleary Shirley M
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Villegas Isidro $300,000 Ticor Title
Cleary Shirley M -- Fidelity National Title Ins
Cleary Shirley M -- --
Cleary Shirley M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Villegas Isidro $325,000
Closed Villegas Isidro $315,000
Closed Villegas Isidro $294,566
Previous Owner Cleary Edward C $70,000
Previous Owner Cleary Shirley M $63,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/30/2016 09/30/16 Sold $300,000 -3.2% $185 / Sq Ft
06/21/2016 06/21/16 Pending -- -- --
04/21/2016 04/21/16 For Sale $309,999 -- $191 / 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 $3,824 $348,170 $116,056 $232,114
2023 $3,824 $334,651 $111,550 $223,101
2022 $3,738 $328,090 $109,363 $218,727
2021 $3,694 $321,658 $107,219 $214,439
2020 $3,667 $318,361 $106,120 $212,241
2019 $3,598 $312,120 $104,040 $208,080
2018 $3,529 $306,000 $102,000 $204,000
2017 $3,467 $300,000 $100,000 $200,000
2016 $498 $38,963 $6,622 $32,341
2015 $490 $38,379 $6,523 $31,856
2014 $485 $37,630 $6,397 $31,233
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2016

    DUANE WILLIAMS

    JACKSON REAL ESTATE

  • D

    Buyer's Agent in 2016

    David Villegas

    RE/MAX

    (714) 606-6989

    8 Total Sales

    David Villegas
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV16084302

California Regional Multiple Listing Service (CRMLS)

APN: 210-060-003

California Riverside County Riverside 92507

1942 Milton St, Riverside, CA

This home is located at 1942 Milton St, Riverside, CA 92507 since 21 April 2016 and is currently estimated at $621,414, approximately $382 per square foot. This property was built in 1955. 1942 Milton St is a home located in Riverside County with nearby schools including Highgrove Elementary School, University Heights Middle School, and John W. North High School.

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.

California Regional Multiple Listing Service (CRMLS) 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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