NOT LISTED FOR SALE

2542 Laramie Rd Riverside, CA 92506

Victoria Neighborhood

Estimated Value: $523,000 - $543,000

3 Beds
2 Baths
1,571 Sq Ft
$410/mo HOA Fee

Last Sold June 15, 2023

Last sale price $487,000 $310 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $3,632/month

35 Days on Market

Highlights

  • In Ground Pool
  • 2 Car Attached Garage
  • Tile Flooring
  • RV Parking in Community
  • Resident Manager or Management On Site
  • Guest Parking

About This Home

As of June 2023

Welcome to Palm Terrace, this condo sits on a corner location so only one shared wall. With easy access to Riverside's vibrant amenities, including parks, shopping centers, and a variety of dining options. Embrace the outdoor enthusiast within you with nearby recreational activities such as hiking trails, biking paths, schools and more. Nice curb appeal with a gated front courtyard full of flowers. Step inside and be greeted by an inviting open floor plan, allowing natural light to cascade through the spacious living area. The seamless flow from the living room to the dining area creates the perfect space for entertaining friends and family, or simply enjoying cozy nights next to the accented fireplace. The condo boasts three generously sized bedrooms, providing ample space for a growing family, guests or even a home office with direct access to a side patio. HOA includes, pool, spa, and free RV, boat and trailer parking if needed. Conveniently located, don't miss the opportunity to make this corner unit condo your own. Experience the best of Riverside living in a home that combines comfort and convenience. Schedule a viewing today and seize the chance to call this place home!

Last Agent to Sell the Property

Justin Smith

Re/Max Desert Properties License #01934982 Listed on: 05/10/2023

Co-Listed By

Tom Harness

RE/MAX HORIZON License #01257423

Last Buyer's Agent

Scott Gieser

Tower Agency License #01733557

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1978

Lot Details

  • 2,614

HOA Fees

  • $410 Monthly HOA Fees

Interior Spaces

  • 1,571 Sq Ft Home
  • 1-Story Property
  • Family Room with Fireplace

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Parking

  • 2 Parking Garage Spaces
  • Driveway
  • Guest Parking

Pool

  • In Ground Pool
  • In Ground Spa

Additional Features

  • Ground Level
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 223270054

Community Details

Overview

  • On-Site Maintenance
  • RV Parking in Community

Recreation

  • Community Pool
  • Community Spa

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Year Built

Built in 1978

Lot Details

0

HOA Fees

$410 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Property Attached/Detached: Yes
  • Levels: One, Ground
  • Building Number Of Stories: 1
  • List Price per Sq Ft: 318.27
  • Lp Sp Ratio: 0.9700
  • Year Built: 1978
  • Co Listing Office Address: 7223 MAGNOLIA AVE, #110, RIVERSIDE, CA 92504
  • Listing I D: 219095486
  • Listing Office Address: 78411 HWY 111, La Quinta, CA 92253
  • Selling Office Address: 7197 BROCKTON AVE STE 1, RIVERSIDE, CA 92506
  • Land Type: Fee
  • Subdivision: Not Applicable
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Fireplace Location: Family Room
  • Flooring: Carpet, Tile
  • Total Bedrooms: 3
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Estimated Sq Ft: 1571.00

Exterior Features

  • Pool: Yes
  • Pool Construction: In Ground
  • Pool Description: Community
  • Pool Location: Community
  • Planned Unit Development: No
  • Spa Hot Tub: Yes
  • Spa Hot Tub Construction: In Ground
  • Spa Hot Tub Description: Community

Garage/Parking

  • Garage: Yes
  • Garage Description: Attached
  • Parking: Driveway
  • Total Garage Spaces: 2.00
  • Total Parking Spaces: 4.00
  • Total Uncovered Assigned Spaces: 2.00

Utilities

  • Cooling Type: Air Conditioning
  • Heating: Central, Forced Air
  • Sewer: In, Connected and Paid

Association/Amenities

  • Association #1 Frequency: Monthly

Condo/Co-op/Association

  • Association Amenities: RV Parking, Management, Maintenance Grounds, Guest Parking
  • HOA Information: Yes
  • HOA Fee 1: 410.00
  • Total Monthly Association Fees: 410.00

Lot Info

  • Assessor Parcel Number: 223270054
  • Lot Size: 2613.00

Rental Info

  • Furnished: Unfurnished
  • Land Lease Type: Fee Simple
  • Short Term Rentals: Unknown

Tax Info

  • Mello Roos: Unknown

Multi Family

  • Total Fireplaces: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 18, 2023
Sold by
Ballantyne George and Ballantyne Nancy
Bought by
Ballantyne George R & Nancy G Ballantyne Fami and Ballantyne
Current Estimated Value
$532,487

Purchase Details

Listed on
May 10, 2023
Closed on
Jun 7, 2023
Sold by
Selma H Kardos 2016 Living Trust
Bought by
Ballantyne George and Ballantyne Nancy
Seller's Agent
Justin Smith
Re/Max Desert Properties
Buyer's Agent
Scott Gieser
Tower Agency
List Price
$500,000
Sold Price
$487,000
Premium/Discount to List
-$13,000
-2.6%
Views
91

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.48%

Purchase Details

Closed on
Jun 6, 2017
Sold by
Kardos Selma H
Bought by
Kardos Selma H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,000
Interest Rate
4.03%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 16, 2016
Sold by
Kardos Selma H
Bought by
Kardos Selma H

Purchase Details

Closed on
Dec 30, 2013
Sold by
Kardos Selma H
Bought by
Kardos Selma H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$166,260
Interest Rate
4.26%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 27, 2010
Sold by
Kardos Selma H
Bought by
Kardos Selma H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,000
Interest Rate
4.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 2, 2004
Sold by
Kardos Selma H
Bought by
Kardos Selma H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
7%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
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
Ballantyne George R & Nancy G Ballantyne Fami -- None Listed On Document
Ballantyne George $487,000 Usa National Title
Kardos Selma H -- Stewart Title Of California
Kardos Selma H -- Stewart Title Of California
Kardos Selma H -- None Available
Kardos Selma H -- Ticor Title Company Of Ca
Kardos Selma H -- Orange Coast Title Lender Se
Kardos Selma H -- Orange Coast Title Lender Se
Kardos Selma H -- Commonwealth Land Title Co
Kardos Selma H -- Commonwealth Land Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kardos Selma H $215,000
Previous Owner Kardos Selma H $166,260
Previous Owner Kardos Selma H $172,000
Previous Owner Kardos Selma H $75,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/15/2023 06/15/23 Sold $487,000 -2.6% $310 / Sq Ft
05/10/2023 05/10/23 For Sale $500,000 -- $318 / Sq Ft
Source: California Desert Association of REALTORS®

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 $5,480 $506,674 $52,020 $454,654
2023 $5,480 $198,654 $36,775 $161,879
2022 $2,132 $194,759 $36,054 $158,705
2021 $2,114 $190,942 $35,348 $155,594
2020 $2,097 $188,985 $34,986 $153,999
2019 $2,061 $185,280 $34,300 $150,980
2018 $2,020 $181,648 $33,628 $148,020
2017 $1,983 $178,087 $32,969 $145,118
2016 $1,856 $174,596 $32,323 $142,273
2015 $1,829 $171,976 $31,839 $140,137
2014 $1,819 $168,609 $31,216 $137,393
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2023

    Justin Smith

    RE/MAX

  • Tom Harness

    Seller Co-Listing Agent in 2023

    Tom Harness

    RE/MAX

    (951) 776-7500

    1 in this area

    60 Total Sales

    Tom Harness
    Section Image
  • Scott Gieser

    Buyer's Agent in 2023

    Scott Gieser

    Tower Agency

    (951) 531-3621

    4 in this area

    55 Total Sales

    Scott Gieser
    Section Image
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Map

Source: California Desert Association of REALTORS®

MLS Number: 219095486

California Desert Association of REALTORS®

APN: 223-270-054

California Riverside County Riverside 92506 Victoria

2542 Laramie Rd, Riverside, CA

Not Listed for Sale

Condos

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