$470,000
SOLD SEP 4, 2019
4 Beds
2 Baths
1,516 Sq Ft
7,841 Sq Ft Lot

Recently Sold

$310 Per Sq Ft

5% Below List Price

106 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • No Heating
  • Polytechnic High School Rated A-
  • Rectangular Lot
  • 4-minute walk to Dario Vasquez Park

About This Home

As of September 2019

Rarely available opportunity to purchase two beautifully remodeled homes both on the same lot. Unbelievable 2 on a lot investment opportunity in rapidly gentrifying area of downtown Riverside. Stunning 100% remodel of both 2 bedroom 1 bath houses on this well located lot. Each house has been meticulously remodeled to feature both old and new finishes to blend modern with historic. Live in one and rent the other for excellent income or rent both! This is a unique opportunity to grab the deed on an excellent investment property before the area takes off. So much new development in the area to attract a solid base of tenants.

Last Agent to Sell the Property

Aaron Mazzrillo

MARKET STREET REALTY License #01376039 Listed on: 04/24/2019

Last Buyer's Agent

Aaron Mazzrillo

MARKET STREET REALTY License #01376039 Listed on: 04/24/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,580

Year Built

  • Built in 1910

Lot Details

  • 7,841 Sq Ft Lot
  • No Common Walls
  • Rectangular Lot

Interior Spaces

  • 1,516 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Utilities

  • No Heating

Listing and Financial Details

  • Tax Lot 17
  • Tax Tract Number 304
  • Assessor Parcel Number 211212017

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,580

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Attached: No
  • Zoning: R2
  • Property Type: Residential Income
  • Parcel Number: 211212017
  • Year Built: 1910
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 310.03

Exterior Features

  • Pool Private: No

Utilities

  • Heating: No
  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 7841.00
  • Lot Size Acres: 0.1800

Multi Family

  • Lot Size Area: 7841.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number Wall A C: 2
  • Number With Dishwasher: 1
  • Number With Range: 2
  • Rent Control: No

Tax Info

  • Tax Census Tract: 304.00
  • Tax Lot: 17
  • Tax Tract Number: 304

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 3, 2019
Closed on
Aug 23, 2019
Sold by
Truong Vincent Vinh
Bought by
Huynh Tam
Seller's Agent
Aaron Mazzrillo
MARKET STREET REALTY
Buyer's Agent
Aaron Mazzrillo
MARKET STREET REALTY
List Price
$494,900
Sold Price
$494,500
Premium/Discount to List
-$400
-0.08%
Total Days on Market
106
Current Estimated Value
$679,693

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$185,193
Avg. Annual Appreciation
5.70%
Original Mortgage
$352,500
Outstanding Balance
$312,047
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$367,646

Purchase Details

Listed on
Jun 3, 2019
Closed on
Aug 3, 2019
Sold by
Advanced Sales Inc
Bought by
Huynh Tam
Seller's Agent
Aaron Mazzrillo
MARKET STREET REALTY
Buyer's Agent
Aaron Mazzrillo
MARKET STREET REALTY
List Price
$494,900
Sold Price
$494,500
Premium/Discount to List
-$400
-0.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$352,500
Outstanding Balance
$312,047
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$367,646

Purchase Details

Listed on
Aug 14, 2018
Closed on
Nov 19, 2018
Sold by
Jackson Obadlah and Jackson Charletta
Bought by
Advanced Sales Inc
Seller's Agent
Robert Miller
Coast & Country Real Estate
Buyer's Agent
Robert Miller
Coast & Country Real Estate
List Price
$394,900
Sold Price
$240,000
Premium/Discount to List
-$154,900
-39.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
142.14%
Original Mortgage
$70,000
Interest Rate
4.8%
Mortgage Type
Stand Alone Second
Source: Public Records

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Range of Values:

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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 Type Sale Price Title Company
Interfamily Deed Transfer -- Corinthian Title
Grant Deed $470,000 Corinthian Title
Grant Deed $240,000 Corinthian Title Company Inc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $352,500 New Conventional
Previous Owner $70,000 Stand Alone Second
Previous Owner $70,000 Stand Alone Second
Previous Owner $225,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/05/2019 09/05/19 Sold $494,500 +5.2% $326 / Sq Ft
09/04/2019 09/04/19 Sold $470,000 -5.0% $310 / Sq Ft
08/08/2019 08/08/19 Pending -- -- --
08/08/2019 08/08/19 Pending -- -- --
07/19/2019 07/19/19 For Sale $494,900 0.0% $326 / Sq Ft
07/19/2019 07/19/19 For Sale $494,900 0.0% $326 / Sq Ft
07/16/2019 07/16/19 Pending -- -- --
07/16/2019 07/16/19 Pending -- -- --
07/03/2019 07/03/19 For Sale $494,900 0.0% $326 / Sq Ft
07/01/2019 07/01/19 For Sale $494,900 0.0% $326 / Sq Ft
06/12/2019 06/12/19 Pending -- -- --
06/12/2019 06/12/19 Pending -- -- --
06/11/2019 06/11/19 Price Changed $494,900 0.0% $326 / Sq Ft
06/11/2019 06/11/19 Price Changed $494,900 0.0% $326 / Sq Ft
06/03/2019 06/03/19 For Sale $495,000 0.0% $327 / Sq Ft
04/24/2019 04/24/19 For Sale $495,000 +106.3% $327 / Sq Ft
11/30/2018 11/30/18 Sold $240,000 -31.4% $158 / Sq Ft
09/27/2018 09/27/18 Price Changed $350,000 -7.9% $231 / Sq Ft
08/24/2018 08/24/18 Price Changed $379,900 -3.8% $251 / Sq Ft
08/14/2018 08/14/18 For Sale $394,900 -- $260 / 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
2023 $5,580 $494,050 $84,092 $409,958
2022 $5,453 $484,364 $82,444 $401,920
2021 $5,379 $474,868 $80,828 $394,040
2020 $5,339 $470,000 $80,000 $390,000
2019 $2,768 $240,000 $75,001 $164,999
2018 $349 $23,770 $8,120 $15,650
2017 $343 $23,305 $7,961 $15,344
2016 $326 $22,849 $7,805 $15,044
2015 $321 $22,508 $7,689 $14,819
2014 $317 $22,070 $7,540 $14,530
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV19094186

California Regional Multiple Listing Service (CRMLS)

APN: 211-212-017