NOT LISTED FOR SALE

2043 7th St Riverside, CA 92507

Eastside Neighborhood

Estimated Value: $550,000 - $864,000

4 Beds
2 Baths
1,715 Sq Ft
$392/Sq Ft Est. Value

Last Sold September 22, 2015

Last sale price $239,900 $140 Per Sq Ft

Est. 181% increase in value since last sale

Current estimated payment $3,775/month

10 Days on Market

Highlights

  • Traditional Architecture
  • No HOA
  • 2 Car Garage
  • Wood Flooring
  • Living Room
  • 5-minute walk to Bobby Bonds Park and Sports Complex

About This Home

As of September 2015

Investors Special, Properties to be sold As-Is 2 detached units each with 2 bedrooms and 1 bathroom in a desirable riverside neighborhood. Close to UCR, Freeway and shopping this will go a long way with a little rehab. Property comes with a detached 2 car garage. This property has so much potential; whether it will be to flip it or to rent them out or to live in one and rent the other. Total Square feet is 1,715 this will not last great buy and even a better pay off in this investment.

Last Agent to Sell the Property

Polly Watts

Sundae Homes License #00895696 Listed on: 08/21/2015

Last Buyer's Agent

Vanessa Browne

Realty Masters & Associates, I License #01713863

Realty Masters & Associates, I

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1948

Lot Details

  • 7,405 Sq Ft Lot
  • No Common Walls
  • Chain Link Fence
  • Level Lot
  • Front Yard Sprinklers
  • Back and Front Yard

Parking

  • 2 Car Garage
  • Parking Available

Home Design

  • Traditional Architecture
  • Fixer Upper
  • Raised Foundation
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 1,715 Sq Ft Home
  • 1-Story Property
  • Living Room

Flooring

  • Wood
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Utilities

  • No Heating

Listing and Financial Details

  • Tenant pays for electricity, trash collection, water
  • Tax Lot 77
  • Tax Tract Number 305
  • Assessor Parcel Number 211171013

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Gross Income $1,800

Property Details

Home Type

Multi-Family

Year Built

Built in 1948

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • View: No
  • Architectural Style: Traditional
  • Property Condition: Fixer
  • Property Type: Residential Income
  • Parcel Number: 211171013
  • Year Built: 1948
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Tile, Vinyl, Wood
  • Appliances: No
  • Levels: One
  • Price Per Square Foot: 139.88
  • Room Type: Living Room

Exterior Features

  • Foundation: Raised
  • Fencing: Chain Link
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No

Garage/Parking

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

Utilities

  • Utilities: Sewer Connected, Water Connected
  • Sprinklers: Yes
  • Heating: No
  • Laundry: No
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Lot Features: Back Yard, Front Yard, Level, Sprinklers In Front
  • Lot Size Sq Ft: 7405.00
  • Price Per Lot Square Foot: 32.40
  • Lot Size Acres: 0.1700

Rental Info

  • Tenant Pays: Electricity, Trash Collection, Water

Multi Family

  • Gross Income: 1800.00
  • Gross Scheduled Income: 21600.00
  • Lot Size Area: 7405.0000 Square Feet
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Rent Control: No

Tax Info

  • Tax Lot: 77
  • Tax Tract Number: 305.03

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 23, 2021
Sold by
Valentines Jesus and Valentines Maria
Bought by
Valentines Jesus and Valentines Maria
Current Estimated Value
$673,000

Purchase Details

Closed on
Sep 3, 2016
Sold by
Valentines Jesus
Bought by
Valentines Jesus and Valentines Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$201,000
Outstanding Balance
$160,809
Interest Rate
3.48%
Mortgage Type
Commercial
Estimated Equity
$512,191

Purchase Details

Listed on
Aug 21, 2015
Closed on
Sep 16, 2015
Sold by
Valentines Maria Nieves
Bought by
Valentines Jesus
Seller's Agent
Polly Watts
Sundae Homes
Buyer's Agent
Vanessa Browne
Realty Masters & Associates, I
List Price
$239,900
Sold Price
$239,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.54%
Original Mortgage
$191,920
Interest Rate
3.86%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 27, 2015
Sold by
Hayes Fred L
Bought by
Eagle Vista Equities Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Valentines Jesus -- None Available
Valentines Jesus -- Chicago Title Company
Valentines Jesus -- Ratic
Valentines Jesus $240,000 Ratic
Eagle Vista Equities Llc $172,000 Ratic
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Valentines Jesus $201,000
Closed Valentines Jesus $191,920
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/22/2015 09/22/15 Sold $239,900 0.0% $140 / Sq Ft
08/31/2015 08/31/15 Pending -- -- --
08/21/2015 08/21/15 For Sale $239,900 -- $140 / 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 $3,112 $283,984 $82,860 $201,124
2023 $3,112 $272,959 $79,644 $193,315
2022 $3,042 $267,608 $78,083 $189,525
2021 $3,009 $262,361 $76,552 $185,809
2020 $2,987 $259,672 $75,768 $183,904
2019 $2,931 $254,582 $74,283 $180,299
2018 $2,875 $249,591 $72,828 $176,763
2017 $2,824 $244,698 $71,400 $173,298
2016 $2,645 $239,900 $70,000 $169,900
2015 $1,020 $94,912 $24,600 $70,312
2014 $1,009 $93,055 $24,119 $68,936
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2015

    Polly Watts

    Sundae Homes

    Section Image
  • Vanessa Browne

    Buyer's Agent in 2015

    Vanessa Browne

    Realty Masters & Associates, I

    (951) 341-3943

    85 Total Sales

    Vanessa Browne
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS15185916

California Regional Multiple Listing Service (CRMLS)

APN: 211-171-013

California Riverside County Riverside 92507 Eastside

2043 7th St, Riverside, CA

Not Listed for Sale

MultiFamily

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