NOT LISTED FOR SALE

2184 Riviera Ct Thermal, CA 92274

Estimated Value: $79,000 - $182,000

2 Beds
1 Bath
1,124 Sq Ft
$121/Sq Ft Est. Value

Last Sold September 16, 2024

Last sale price $50,000 $44 Per Sq Ft

Est. 171% increase in value since last sale

Current estimated payment $842/month

105 Days on Market

Highlights

  • Community Lake
  • 2 Car Attached Garage
  • 1-Story Property
  • No HOA

About This Home

As of September 2024

INVESTORS, INVESTORS cash offers only located in a prime location ideal for developing an Airbnb business, given its proximity to popular events like Coachella and the Thermal race track. However, the property has suffered a fire incident in the past, resulting in significant damage. The garage has been converted to accommodate this change, but the main property itself requires major renovation and restoration work. Despite the extensive repairs needed, the property is being offered at a great deal due to its attractive price point.

The potential of this property lies in its strategic location near sought-after attractions, making it an appealing option for individuals looking to invest in short-term rental opportunities catering to event attendees and tourists visiting the area. With the right vision and investment in renovations, this property could be transformed into a profitable Airbnb venture capitalizing on its proximity to popular entertainment venues. While the initial investment may be significant, the potential returns from operating an Airbnb in such a desirable location could make it a worthwhile venture for the right buyer.

In summary, this property presents a unique opportunity for investors willing to undertake substantial renovation efforts to capitalize on its advantageous location near Coachella and the Thermal track. The discounted price reflects the condition of the property post-fire but also offers potential for significant returns with proper rehabilitation and utilization as an Airbnb rental.

Last Agent to Sell the Property

Hector Gonzalez

Century 21 A Better Service Brokerage Email: ettoregonzallini@yahoo.com License #01259959 Listed on: 05/09/2024

Century 21 A Better Service

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

NONMEMBER MRML

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1965

Lot Details

  • 10,400 Sq Ft Lot
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Attached Garage

Home Design

  • Entry on the 1st floor
  • Fixer Upper

Interior Spaces

  • 1,124 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Utilities

  • Septic Type Unknown

Community Details

  • No Home Owners Association
  • Vista Santa Rosa Subdivision
  • Community Lake

Listing and Financial Details

  • Legal Lot and Block 3 / 2
  • Tax Tract Number 525
  • Assessor Parcel Number 015130026000
  • $1,290 per year additional tax assessments

Home Details

Home Type

Single Family

Year Built

Built in 1965

Lot Details

0

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: No
  • Property Attached: No
  • Subdivision Name Other: Vista Santa Rosa (31601)
  • View: No
  • Property Condition: Fixer
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 015130026000
  • Year Built: 1965
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1124.00 Square Feet
  • Stories: 1
  • Common Walls: No Common Walls
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 44.48
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No

Garage/Parking

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

Utilities

  • Laundry: No
  • Sewer: Unknown
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Lake

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 10400.00
  • Lot Size Acres: 0.2388

Multi Family

  • Lease Considered: No
  • Lot Size Area: 10400.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Block: 2
  • Tax Census Tract: 123.02
  • Tax Lot: 3
  • Tax Tract Number: 525
  • TaxOtherAnnualAssessmentAmount: 1290.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 9, 2024
Closed on
Aug 20, 2024
Sold by
Milian Ricardo and Betancour Cornelia
Bought by
Brickstride Llc
Seller's Agent
Hector Gonzalez
Century 21 A Better Service
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$79,900
Sold Price
$50,000
Premium/Discount to List
-$29,900
-37.42%
Views
236
Current Estimated Value
$135,545

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$85,545
Avg. Annual Appreciation
116.64%

Purchase Details

Closed on
Jan 22, 2020
Sold by
Avila Benito
Bought by
Milian Ricardo and Betancour Cornelia

Purchase Details

Closed on
Jul 23, 2018
Sold by
Sanin Blanka
Bought by
Sanin Eddie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$12,000
Interest Rate
4.6%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jun 5, 2018
Sold by
Sanin Eddie
Bought by
Avila Benito

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$12,000
Interest Rate
4.6%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Mar 23, 2017
Sold by
Carter Scott
Bought by
Sanin Eddie

Purchase Details

Closed on
Feb 22, 2005
Sold by
Kuklenski Kevin
Bought by
Carter Scott
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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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
Brickstride Llc $50,000 Wfg National Title
Milian Ricardo $24,000 Stewart Title Of Co
Sanin Eddie -- Wfg National Title Company
Avila Benito $22,000 Wfg National Title Company
Sanin Eddie $3,050 None Available
Carter Scott $30,000 Commonwealth Land Title Co
Kuklenski Kevin $15,000 Commonwealth Land Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Avila Benito $12,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/16/2024 09/16/24 Sold $50,000 -35.1% $44 / Sq Ft
08/22/2024 08/22/24 Pending -- -- --
05/27/2024 05/27/24 Price Changed $77,000 -3.6% $69 / Sq Ft
05/09/2024 05/09/24 For Sale $79,900 -- $71 / 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 $1,603 $26,242 $21,324 $4,918
2023 $1,603 $25,225 $20,497 $4,728
2022 $1,344 $24,732 $20,096 $4,636
2021 $1,276 $24,248 $19,702 $4,546
2020 $1,045 $22,440 $17,850 $4,590
2019 $993 $22,000 $17,500 $4,500
2018 $694 $3,060 $2,040 $1,020
2017 $1,406 $58,866 $23,545 $35,321
2016 $1,327 $57,713 $23,084 $34,629
2015 $1,162 $49,456 $5,000 $44,456
2014 $1,128 $49,456 $5,000 $44,456
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW24093700

California Regional Multiple Listing Service (CRMLS)

APN: 015-130-026-000