NOT LISTED FOR SALE

Estimated Value: $596,000 - $619,000

2 Beds
2.5 Baths
2,030 Sq Ft
$410/mo HOA Fee

Last Sold January 26, 2024

Last sale price $560,000 $276 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $4,110/month

27 Days on Market

Highlights

  • In Ground Pool
  • No Units Above
  • Updated Kitchen
  • Polytechnic High School Rated A-
  • RV Parking in Community
  • Open Floorplan

About This Home

As of January 2024

Nestled on the picturesque tree-lined historic Victoria Ave, this vibrant and fun single-story condo is a haven of style, comfort, and modern convenience. Step through the gated courtyard covered entry, and you'll be greeted by the charm of a vintage-meets-modern vibe that sets the tone for this delightful residence. The vaulted wood-beamed ceiling and skylight adds a touch of sophistication and openness to the living space, creating an inviting atmosphere that flows seamlessly through the open concept design. Entertain friends and family around the cozy brick fireplace or impress guests with your mixology skills at the built-in wet bar. Work meets play in the unique jack and jill office, providing a dynamic space that adapts to your needs. The atriums inside and outside bring nature's beauty indoors, creating a serene ambiance that complements the home's overall allure. Culinary enthusiasts will appreciate the quartz countertops, soft-closing drawers and cabinets, deep pots and pans drawers, and stainless steel appliances in the kitchen, while the upgraded newer vinyl plank floors add a touch of modern elegance to every step. This home offers the perfect blend of functionality and flair. The attached 2-car garage is complete with built-in cabinets, countertops, and sink, providing a perfect blend of organization and utility. Situated in a prime location, you're just moments away from schools, shopping, the Victoria Club, and a variety of culinary delights. The Mission Inn in downtown Riverside, a cultural and historical gem, is less than 4 miles away, offering you a gateway to the city's vibrant atmosphere. Gated RV parking is available on site. Don't miss the chance to make this unique gem your own—where modern living meets vintage charm, and every detail is designed to enhance your lifestyle. Welcome home to Palm Terrace!

Last Agent to Sell the Property

CHERYL BOWDISH

COLDWELL BANKER REALTY License #02128587 Listed on: 12/15/2023

COLDWELL BANKER REALTY

Last Buyer's Agent

Carla Espinola

REALTY MASTERS & ASSOCIATES License #02178953

REALTY MASTERS & ASSOCIATES

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,848

Year Built

  • Built in 1978 | Remodeled

Lot Details

  • No Units Above
  • No Units Located Below
  • Two or More Common Walls
  • Wrought Iron Fence
  • Block Wall Fence
  • Landscaped
  • Lawn
  • Garden
  • Front Yard
  • Density is up to 1 Unit/Acre

HOA Fees

  • $410 Monthly HOA Fees

Parking

  • 2 Car Direct Access Garage
  • 2 Open Parking Spaces
  • Parking Available
  • Front Facing Garage
  • Single Garage Door
  • Driveway Up Slope From Street

Home Design

  • Interior Block Wall
  • Pre-Cast Concrete Construction

Interior Spaces

  • 2,030 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Wet Bar
  • Built-In Features
  • Bar
  • High Ceiling
  • Skylights
  • Shutters
  • Drapes & Rods
  • Window Screens
  • Sliding Doors
  • Entryway
  • Family Room
  • Living Room with Fireplace
  • Dining Room
  • Home Office
  • Atrium Room
  • Vinyl Flooring

Kitchen

  • Updated Kitchen
  • Eat-In Kitchen
  • Breakfast Bar
  • Microwave
  • Dishwasher
  • Quartz Countertops
  • Pots and Pans Drawers
  • Disposal

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Retreat
  • Walk-In Closet
  • Mirrored Closets Doors
  • Makeup or Vanity Space
  • Dual Vanity Sinks in Primary Bathroom
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Laundry in Garage
  • Dryer
  • Washer

Home Security

Accessible Home Design

  • No Interior Steps

Pool

  • In Ground Pool
  • Heated Spa
  • In Ground Spa
  • Fence Around Pool

Outdoor Features

  • Covered Patio or Porch
  • Exterior Lighting
  • Rain Gutters

Schools

  • Alcott Elementary School
  • Gage Middle School
  • Polytechnic High School

Utilities

  • Central Heating and Cooling System
  • Water Heater

Listing and Financial Details

  • Tax Lot 19
  • Tax Tract Number 5036
  • Assessor Parcel Number 223270082
  • $44 per year additional tax assessments

Community Details

Overview

  • 45 Units
  • Palm Terrace Townhomes Incorporated Association, Phone Number (951) 481-8160
  • RV Parking in Community

Recreation

  • Community Pool
  • Community Spa

Pet Policy

  • Pets Allowed

Additional Features

  • Picnic Area
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,848

Year Built

Built in 1978 | Remodeled

Lot Details

0

HOA Fees

$410 per month

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Inclusions: Washer, Dryer, Refrigerators- no value added no guarantees
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Smoke Detector(s)
  • View: No
  • Zoning: R1
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 223270082
  • Year Built: 1978
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2030.00 Square Feet
  • Interior Amenities: Bar, Block Walls, Built-in Features, High Ceilings, Open Floorplan, Wet Bar
  • Stories: 1
  • Entry Location: ground level
  • Common Walls: 2+ Common Walls, No One Above, No One Below
  • Flooring: Vinyl
  • Accessibility Features: No Interior Steps
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Door Features: Mirror Closet Door(s), Sliding Doors
  • Eating Area: Area, Breakfast Counter / Bar, Dining Room
  • Fireplace Features: Living Room
  • Levels: One
  • Main Level Bathrooms: 3
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 275.86
  • Room Type: All Bedrooms Down, Atrium, Entry, Family Room, Kitchen, Living Room, Office, Retreat, Walk-In Closet
  • Spa Features: Association, Community, Heated, In Ground
  • Window Features: Drapes, Screens, Shutters, Skylight(s)
  • Bathroom Features: Bathtub, Shower In Tub, Double Sinks In Primary Bath, Vanity Area
  • Room Kitchen Features: Pots & Pan Drawers, Quartz Counters, Remodeled Kitchen

Exterior Features

  • Patio: Yes
  • Exterior Features: Lighting, Rain Gutters
  • Fence: Yes
  • Fencing: Block, Wrought Iron
  • Patio And Porch Features: Concrete, Covered, Patio, Front Porch
  • Pool Features: Association, Community, Fenced, In Ground
  • Pool Private: No
  • Spa: Yes
  • Construction Materials: Concrete, Unknown

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Number Remotes: 1
  • Parking: Yes
  • Parking Features: Direct Garage Access, Driveway, Concrete, Driveway Up Slope From Street, Garage, Garage Faces Front, Garage - Single Door, On Site
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Microwave, Refrigerator, Water Heater
  • Electric: Standard
  • Heating Type: Central, Fireplace(s)
  • Laundry Features: Dryer Included, In Garage, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Spa/Hot Tub, Picnic Area, Common RV Parking, Pets Permitted
  • Association Fee: 410.00
  • Association Fee Frequency: Monthly
  • Association Name: Palm Terrace Townhomes Incorporated
  • Phone: 9514818160
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Sidewalks, Street Lights
  • Association Management: Palm Terrace Townhomes Incorporated

Schools

  • School District: Riverside Unified
  • Elementary School: Alcott
  • Middle School: Gage
  • High School: Polytechnic
  • Elementary School: Alcott
  • High School: Polytechnic
  • Middle Or Junior School: Gage
  • Elementary School #2: ALCOTT
  • High School2: POLYTE

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Front Yard, Garden, Landscaped, Lawn
  • Lot Size Sq Ft: 3049.00
  • Lot Size Acres: 0.0700

Multi Family

  • Lease Considered: No
  • Lot Size Area: 3049.0000 Square Feet
  • Number Of Units In Community: 45
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 306.02
  • Tax Lot: 19
  • Tax Tract Number: 5036
  • TaxOtherAnnualAssessmentAmount: 44.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 15, 2023
Closed on
Jan 18, 2024
Sold by
Ronald Perrucci Revocable Trust
Bought by
Wig Pin Hieh
Seller's Agent
CHERYL BOWDISH
COLDWELL BANKER REALTY
Buyer's Agent
Carla Espinola
REALTY MASTERS & ASSOCIATES
List Price
$585,500
Sold Price
$560,000
Premium/Discount to List
-$25,500
-4.36%
Views
495
Current Estimated Value
$605,955

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$45,955
Avg. Annual Appreciation
4.84%

Purchase Details

Listed on
Dec 15, 2023
Closed on
Jan 17, 2024
Sold by
You Yuko
Bought by
Wang Pin Chieh
Seller's Agent
CHERYL BOWDISH
COLDWELL BANKER REALTY
Buyer's Agent
Carla Espinola
REALTY MASTERS & ASSOCIATES
List Price
$585,500
Sold Price
$560,000
Premium/Discount to List
-$25,500
-4.36%
Views
495

Purchase Details

Listed on
Apr 15, 2018
Closed on
May 9, 2018
Sold by
Fraser Catherine Stacey and Hewlett Albert William
Bought by
Perrucci Ronald and Ronald Perrucci Revocable Trus
Seller's Agent
James Monks
Tower Agency
Buyer's Agent
Gene Sais
REALTY ONE GROUP HOMELINK
List Price
$425,000
Sold Price
$421,111
Premium/Discount to List
-$3,889
-0.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.16%

Purchase Details

Listed on
Sep 23, 2015
Closed on
Sep 3, 2015
Sold by
Heyes Pamela
Bought by
Fraser Catherine Stacey and Hewlett Albert William
Seller's Agent
Harvey Parker
All Stars Realty
Buyer's Agent
Rob Murray
Vista Sotheby's International Realty
List Price
$340,000
Sold Price
$315,000
Premium/Discount to List
-$25,000
-7.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.62%
Original Mortgage
$309,294
Interest Rate
3.86%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 12, 2014
Sold by
Heyes Michael J
Bought by
Heyes Pamela

Purchase Details

Closed on
Nov 10, 2014
Sold by
Heyes Pamela
Bought by
Heyes Pamela

Purchase Details

Closed on
Oct 25, 2013
Sold by
Heyes Margaret A
Bought by
Heyes Michael J

Purchase Details

Closed on
Apr 13, 2011
Sold by
Tumminia Sadie V and Tumminia John C
Bought by
Heyes Michael J and Heyes Margaret A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
4.84%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 30, 2006
Sold by
Tumminia Sadie V
Bought by
Tumminia Sadie and Tumminia John C
Source: Public Records

Range of Values:

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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
Wig Pin Hieh $560,000 Equity Title
Wang Pin Chieh -- Equity Title
Perrucci Ronald $420,500 Lawyers Title
Fraser Catherine Stacey $315,000 Lawyers Title
Heyes Pamela -- None Available
Heyes Pamela -- None Available
Heyes Michael J -- None Available
Heyes Michael J $225,000 Advantage Title Inc
Tumminia Sadie -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Fraser Catherine Stacey $309,294
Previous Owner Heyes Michael J $180,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/26/2024 01/26/24 Sold $560,000 -4.4% $276 / Sq Ft
01/11/2024 01/11/24 Pending -- -- --
12/15/2023 12/15/23 For Sale $585,500 +39.0% $288 / Sq Ft
05/29/2018 05/29/18 Sold $421,111 -0.9% $207 / Sq Ft
05/08/2018 05/08/18 Pending -- -- --
04/30/2018 04/30/18 Price Changed $424,900 0.0% $209 / Sq Ft
04/15/2018 04/15/18 For Sale $425,000 +34.9% $209 / Sq Ft
10/08/2015 10/08/15 Sold $315,000 -4.3% $155 / Sq Ft
09/03/2015 09/03/15 Pending -- -- --
08/27/2015 08/27/15 Price Changed $329,000 -3.2% $162 / Sq Ft
06/22/2015 06/22/15 For Sale $340,000 -- $167 / 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 $5,848 $571,200 $153,000 $418,200
2023 $5,848 $459,450 $54,681 $404,769
2022 $4,977 $450,442 $53,609 $396,833
2021 $4,910 $441,610 $52,558 $389,052
2020 $4,872 $437,083 $52,020 $385,063
2019 $4,782 $428,513 $51,000 $377,513
2018 $3,732 $327,726 $52,020 $275,706
2017 $3,666 $321,300 $51,000 $270,300
2016 $3,430 $315,000 $50,000 $265,000
2015 $2,555 $239,847 $26,648 $213,199
2014 $2,538 $235,151 $26,127 $209,024
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV23225283

California Regional Multiple Listing Service (CRMLS)

APN: 223-270-082