NOT LISTED FOR SALE

2505 Prospect Ave Riverside, CA 92507

Eastside Neighborhood

Estimated Value: $455,000 - $518,629

2 Beds
1 Bath
896 Sq Ft
$550/Sq Ft Est. Value

Last Sold May 09, 2022

Last sale price $475,000 $530 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $2,916/month

5 Days on Market

Highlights

  • Lawn
  • Cooling Available
  • No Heating
  • No HOA
  • Laundry Room
  • 1-Story Property

About This Home

As of May 2022

Welcome the the sweetest house ever. This home is situated on a generous lot which could allow for some expansion. This 2 bedroom 1 bath home has it all-from new ac/heater mini spilts in living room, and two bedrooms, so you’ll always be comfortable in any weather. Brand new water heater, newer stove, fridge, which stays with the house. The long driveway leads to a detached garage, with entry into the backyard that bursts with potential. There is a fireplace in the living room for those cold evenings. There really are so many details, too many to list it is must see!

Last Agent to Sell the Property

Michaeline Taylor-Ponce

Performance Realty Group License #01453166 Listed on: 02/27/2022

Last Buyer's Agent

Tracey Williams

Rodeo Realty License #02004163

Rodeo Realty

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1950

Lot Details

  • 7,405 Sq Ft Lot
  • Lawn
  • Property is zoned R1065

Parking

  • 2 Car Garage

Interior Spaces

  • 896 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Laundry in Kitchen

Utilities

  • Cooling Available
  • No Heating

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 77
  • Tax Tract Number 77
  • Assessor Parcel Number 221182006
  • $85 per year additional tax assessments

Home Details

Home Type

Single Family

Year Built

Built in 1950

Lot Details

7,405 Sq Ft Lot

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • View: No
  • Zoning: R1065
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 221182006
  • Year Built: 1950
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 896.00 Square Feet
  • Stories: 1
  • Common Walls: No Common Walls
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace Features: Living Room
  • Levels: One
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 530.13
  • Room Type: Living Room

Exterior Features

  • Pool Private: No

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: No
  • Laundry: Yes
  • Laundry Features: In Kitchen
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lawn
  • Lot Size Sq Ft: 7405.00
  • Lot Size Acres: 0.1700

Multi Family

  • Lease Considered: No
  • Lot Size Area: 7405.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 304.00
  • Tax Lot: 77
  • Tax Tract Number: 77
  • TaxOtherAnnualAssessmentAmount: 85.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 27, 2022
Closed on
May 12, 2022
Sold by
Velasquez Randall Douglas
Bought by
Velasquez Randall Douglas and Velasquez Ida Marie
Seller's Agent
Michaeline Taylor-Ponce
Performance Realty Group
Buyer's Agent
Tracey Williams
Rodeo Realty
List Price
$405,000
Sold Price
$475,000
Premium/Discount to List
$70,000
17.28%
Current Estimated Value
$477,984

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,984
Avg. Annual Appreciation
0.96%
Original Mortgage
$423,000
Outstanding Balance
$396,058
Interest Rate
4.42%
Mortgage Type
New Conventional
Estimated Equity
$96,599

Purchase Details

Listed on
Feb 27, 2022
Closed on
May 6, 2022
Sold by
Velasquez Ida M
Bought by
Velasquez Randall D
Seller's Agent
Michaeline Taylor-Ponce
Performance Realty Group
Buyer's Agent
Tracey Williams
Rodeo Realty
List Price
$405,000
Sold Price
$475,000
Premium/Discount to List
$70,000
17.28%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$423,000
Outstanding Balance
$396,058
Interest Rate
4.42%
Mortgage Type
New Conventional
Estimated Equity
$96,599

Purchase Details

Listed on
Feb 27, 2022
Closed on
Mar 30, 2022
Sold by
Ruiz Melissa A
Bought by
Velasquez Randall D
Seller's Agent
Michaeline Taylor-Ponce
Performance Realty Group
Buyer's Agent
Tracey Williams
Rodeo Realty
List Price
$405,000
Sold Price
$475,000
Premium/Discount to List
$70,000
17.28%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$423,000
Outstanding Balance
$396,058
Interest Rate
4.42%
Mortgage Type
New Conventional
Estimated Equity
$96,599

Purchase Details

Closed on
Apr 16, 2021
Sold by
Speight Patricia R and Erea Speight Trust
Bought by
Ruiz Melissa A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$333,841
Interest Rate
3%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
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
Velasquez Randall Douglas -- None Listed On Document
Velasquez Randall D -- First American Title
Velasquez Randall D $475,000 First American Title
Ruiz Melissa A $680,000 First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Velasquez Randall D $423,000
Previous Owner Ruiz Melissa A $333,841
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/09/2022 05/09/22 Sold $475,000 0.0% $530 / Sq Ft
03/04/2022 03/04/22 Pending -- -- --
03/01/2022 03/01/22 Off Market $475,000 -- --
02/27/2022 02/27/22 For Sale $405,000 -- $452 / 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 $5,474 $504,072 $103,998 $400,074
2023 $5,474 $484,500 $99,960 $384,540
2022 $3,924 $346,800 $71,400 $275,400
2021 $533 $40,159 $10,855 $29,304
2020 $529 $39,748 $10,744 $29,004
2019 $442 $38,962 $10,530 $28,432
2018 $433 $38,199 $10,324 $27,875
2017 $425 $37,451 $10,122 $27,329
2016 $401 $36,718 $9,924 $26,794
2015 $393 $36,169 $9,776 $26,393
2014 $388 $35,463 $9,586 $25,877
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2022

    Michaeline Taylor-Ponce

    Performance Realty Group

    Section Image
  • Tracey Williams

    Buyer's Agent in 2022

    Tracey Williams

    Rodeo Realty

    (818) 584-1262

    1 in this area

    39 Total Sales

    Tracey Williams
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW22038601

California Regional Multiple Listing Service (CRMLS)

APN: 221-182-006

California Riverside County Riverside 92507 Eastside

2505 Prospect Ave, Riverside, CA

Not Listed for Sale

Detached

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