NOT LISTED FOR SALE

2642 Lime St Riverside, CA 92501

Downtown Riverside Neighborhood

Estimated Value: $663,000 - $744,000

5 Beds
3 Baths
1,645 Sq Ft
$427/Sq Ft Est. Value

Last Sold August 28, 2014

Last sale price $338,000 $205 Per Sq Ft

Est. 105% increase in value since last sale

Current estimated payment $4,267/month

10 Days on Market

Highlights

  • Lawn
  • No HOA
  • Rectangular Lot
  • Polytechnic High School Rated A-

About This Home

As of August 2014

STANDARD SALE. GREAT 3 UNIT INVESTMENT PROPERTY NEAR DOWNTOWN RIVERSIDE. UNIT #1 (2646) FRONT DETACHED UNIT WITH 2 BEDROOMS 1 BATH, THEN AT THE REAR OF THE PROPERTY IS A TWO STORY WITH 2 UNITS. UNIT #2 (2642) IS A DOWNSTAIRS 1 BEDROOM 1 BATH., AND UNIT #3 (2644) IS AN UPSTAIRS UNIT WITH 2 BEDROOMS 1 BATH. 3 GARAGES IN THE REAR OF PROPERTY. LARGE YARD BETWEEN UNITS ALLOWS FOR GREAT ENTERTAINING. DRIVE BY ONLY. DO NOT DISTURB TENANTS. LISTING AGENT WILL LET YOU KNOW SHOWING TIMES. BUYER TO VERIFY SQUARE FOOTAGE OF UNITS. USING COUNTY ASSESSOR'S MEASUREMENTS BUT PROPERTY SQUARE FOOTAGE APPEARS TO BE LARGER.

Last Agent to Sell the Property

Sandra Lopez

River Walk Realty License #00900827 Listed on: 07/14/2014

Last Buyer's Agent

Prashant Sampat

Pacific Avenue Realty License #01916221

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,610

Year Built

  • Built in 1948

Lot Details

  • 9,148 Sq Ft Lot
  • Property fronts an alley
  • No Common Walls
  • Rectangular Lot
  • Lawn
  • Back and Front Yard

Parking

  • 3 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • 1,645 Sq Ft Home

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, trash collection
  • Tax Lot 22
  • Assessor Parcel Number 209142012

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $905
  • Water Sewer Expense $2,760
  • New Taxes Expense $2,552
  • Gross Income $2,685
  • Net Operating Income $26,003

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,610

Year Built

Built in 1948

Lot Details

0

Parking

3

Listing Details

  • Property Attached: No
  • Road Frontage Type: Alley, City Street
  • Water Sewer Expenses: 2760.00
  • Property Type: Residential Income
  • Parcel Number: 209142012
  • Year Built: 1948
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 205.47

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Connected
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Curbs

Lot Info

  • Lot Features: Back Yard, Front Yard, Lawn, Rectangular Lot, Lot 6500-9999
  • Lot Size Sq Ft: 9148.00
  • Lot Size Acres: 0.2100

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Trash Collection

Multi Family

  • Gross Income: 2685.00
  • Gross Scheduled Income: 32220.00
  • Insurance Expense: 905.00
  • Lot Size Area: 9148.0000 Square Feet
  • Net Operating Income: 26003.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 6217.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 2552.00
  • Tax Lot: 22
  • Tax Tract Number: MB008
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 19, 2021
Sold by
Arora Sartaj Marty and Arora Akankshi Aashi
Bought by
Masa Group Llc
Current Estimated Value
$693,852

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Outstanding Balance
$124,113
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$599,938

Purchase Details

Closed on
Apr 27, 2021
Sold by
Masa Group Llc
Bought by
Arora Sartaj Marty and Arora Akankshi Aashi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Outstanding Balance
$124,113
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$599,938

Purchase Details

Closed on
Dec 15, 2014
Sold by
Arora Sartaj Marty and Arora Akankshi Aashi
Bought by
Masa Group Llc

Purchase Details

Listed on
Jul 14, 2014
Closed on
Aug 5, 2014
Sold by
Navarro Manuel
Bought by
Arora Sartaj Marty and Arora Akankshi Asahi
Seller's Agent
Sandra Lopez
River Walk Realty
Buyer's Agent
Prashant Sampat
Pacific Avenue Realty
List Price
$380,000
Sold Price
$338,000
Premium/Discount to List
-$42,000
-11.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.20%
Original Mortgage
$190,000
Interest Rate
4.11%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 10, 2011
Sold by
Corona Guille Navarro
Bought by
Navarro Manuel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,500
Interest Rate
4.09%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 2, 2011
Sold by
Federal National Mortgage Association
Bought by
Navarro Manuel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,500
Interest Rate
4.09%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 2, 2010
Sold by
Combs Wayne Martin and Combs Wendy Lee
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
May 5, 2008
Sold by
Combs Wayne Martin
Bought by
Combs Wendy Lee

Purchase Details

Closed on
Jun 16, 2005
Sold by
Combs Wayne Martin and Combs Wendy Lee
Bought by
Combs Wayne Martin and Combs Wendy Lee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
5.13%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 17, 2003
Sold by
Lopez Ruben R
Bought by
Combs Wayne M and Combs Wendy L

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
5.82%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 14, 1995
Sold by
Lopez Ruben F and Lopez Patricia A
Bought by
Lopez Ruben R and Lopez Patricia A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$98,000
Interest Rate
8.51%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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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
Masa Group Llc -- Prominent Escrow Svcs Inc
Arora Sartaj Marty -- None Available
Masa Group Llc -- None Available
Arora Sartaj Marty $338,000 Chicago Title
Navarro Manuel -- First American Title Ins Co
Navarro Manuel $224,500 First American Title Ins Co
Federal National Mortgage Association $211,587 Accommodation
Combs Wendy Lee -- First American Title Company
Combs Wayne Martin -- Southland Title
Combs Wayne M $215,000 Chicago Title Co
Lopez Ruben R -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Arora Sartaj Marty $200,000
Previous Owner Arora Sartaj Marty $190,000
Previous Owner Navarro Manuel $157,500
Previous Owner Combs Wayne Martin $225,000
Previous Owner Combs Wayne M $172,000
Previous Owner Lopez Ruben R $98,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/28/2014 08/28/14 Sold $338,000 -11.1% $205 / Sq Ft
07/24/2014 07/24/14 Pending -- -- --
07/14/2014 07/14/14 For Sale $380,000 -- $231 / 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 $5,610 $516,318 $128,808 $387,510
2023 $5,610 $496,270 $123,807 $372,463
2022 $5,482 $486,540 $121,380 $365,160
2021 $4,274 $375,284 $99,926 $275,358
2020 $4,242 $371,437 $98,902 $272,535
2019 $4,162 $364,155 $96,963 $267,192
2018 $4,081 $357,015 $95,062 $261,953
2017 $4,009 $350,016 $93,199 $256,817
2016 $3,752 $343,154 $91,372 $251,782
2015 $3,699 $338,000 $90,000 $248,000
2014 $2,569 $230,028 $51,231 $178,797
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2014

    Sandra Lopez

    River Walk Realty

    (626) 833-6982

    3 Total Sales

    Section Image
  • Prashant Sampat

    Buyer's Agent in 2014

    Prashant Sampat

    Pacific Avenue Realty

    (562) 841-0227

    12 in this area

    220 Total Sales

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IG14149343

California Regional Multiple Listing Service (CRMLS)

APN: 209-142-012

California Riverside County Riverside 92501 Downtown Riverside

2642 Lime St, Riverside, CA

This home is located at 2642 Lime St, Riverside, CA 92501 since 14 July 2014 and is currently estimated at $703,037, approximately $427 per square foot. This property was built in 1948. 2642 Lime St is a home located in Riverside County with nearby schools including Fremont Elementary School, Central Middle School, and Polytechnic High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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