NOT LISTED FOR SALE

Estimated Value: $624,000 - $725,000

3 Beds
2.5 Baths
2,117 Sq Ft
$410/mo HOA Fee

Last Sold June 26, 2023

Last sale price $585,000 $276 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $4,543/month

11 Days on Market

Highlights

  • Lap Pool
  • RV Parking in Community
  • Open Floorplan
  • Polytechnic High School Rated A-
  • Updated Kitchen
  • Deck

About This Home

As of June 2023

One of 8 detached condominiums in the Palm Terrace Complex on Victoria Avenue offering a perfect blend of space, comfort and style. As you step inside you're greeted with an Open Floor Plan, vaulted ceilings, beautiful wood flooring and cozy fireplace. Dual pane windows, skylight and indoor atrium provide a warm and inviting atmosphere. With over 2100 s.f. of living space this condo has 3 bedrooms (one presently used as an office) and 2 1/2 baths. The kitchen has been remodeled with beautiful cabinets, granite counter tops and newer appliances. A large eat-in-space area off the kitchen opens to the family room with fireplace, perfect for entertaining. Also featured are 2 large covered patios, great for outdoor relaxing any time of the year! Oversized two car garage with loads of storage. For a little outdoor exercise and relaxation enjoy the separate pool and spa area. RV storage area provided in the complex. This is truly one of a kind condo in the area!

Last Agent to Sell the Property

Donna Bohling

WESTCOE REALTORS INC License #00643739 Listed on: 05/12/2023

WESTCOE REALTORS INC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,574

Year Built

  • Built in 1979 | Remodeled

Lot Details

  • No Common Walls
  • East Facing Home
  • Landscaped
  • Level Lot
  • Lawn

HOA Fees

  • $410 Monthly HOA Fees

Parking

  • 2 Car Direct Access Garage
  • Parking Available
  • Front Facing Garage
  • Single Garage Door

Home Design

  • Traditional Architecture
  • Modern Architecture
  • Entry on the 1st floor
  • Additions or Alterations
  • Cosmetic Repairs Needed
  • Fire Rated Drywall
  • Frame Construction
  • Composition Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 2,117 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Central Vacuum
  • Crown Molding
  • Cathedral Ceiling
  • Ceiling Fan
  • Skylights
  • Gas Fireplace
  • Double Pane Windows
  • Drapes & Rods
  • Blinds
  • Window Screens
  • Sliding Doors
  • Panel Doors
  • Family Room with Fireplace
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Formal Dining Room
  • Den
  • Storage
  • Neighborhood Views

Kitchen

  • Updated Kitchen
  • Breakfast Area or Nook
  • Open to Family Room
  • Eat-In Kitchen
  • Gas Oven
  • Self-Cleaning Oven
  • Gas Cooktop
  • Free-Standing Range
  • Microwave
  • Ice Maker
  • Water Line To Refrigerator
  • Dishwasher
  • ENERGY STAR Qualified Appliances
  • Granite Countertops
  • Self-Closing Cabinet Doors
  • Disposal

Flooring

  • Wood
  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • Bathroom on Main Level
  • Corian Bathroom Countertops
  • Bathtub with Shower
  • Walk-in Shower
  • Exhaust Fan In Bathroom
  • Linen Closet In Bathroom
  • Closet In Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Accessible Home Design

  • Grab Bar In Bathroom
  • No Interior Steps

Eco-Friendly Details

  • ENERGY STAR Qualified Equipment for Heating
  • Electronic Air Cleaner

Pool

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

Outdoor Features

  • Deck
  • Covered Patio or Porch
  • Terrace
  • Exterior Lighting
  • Rain Gutters

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Underground Utilities
  • Gas Water Heater
  • Water Purifier

Listing and Financial Details

  • Tax Lot 5
  • Tax Tract Number 5036
  • Assessor Parcel Number 223270075
  • $44 per year additional tax assessments

Community Details

Overview

  • 45 Units
  • Palm Terrace Town Homes Association, Phone Number (951) 481-8160
  • Reliable Property Management HOA
  • RV Parking in Community

Recreation

  • Community Pool
  • Community Spa

Pet Policy

  • Pets Allowed

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,574

Year Built

Built in 1979 | Remodeled

Lot Details

0

HOA Fees

$410 per month

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: Yes
  • Zoning: R1
  • Architectural Style: Modern, Traditional
  • Property Condition: Additions/Alterations, Repairs Cosmetic, Updated/Remodeled
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 223270075
  • Year Built: 1979
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2117.00 Square Feet
  • Interior Amenities: Cathedral Ceiling(s), Ceiling Fan(s), Crown Molding, Electronic Air Cleaner, Granite Counters, High Ceilings, Open Floorplan, Pantry, Storage, Vacuum Central
  • Stories: 1
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Laminate, Tile, Wood
  • Accessibility Features: Grab Bars In Bathroom(s), No Interior Steps
  • Appliances: Yes
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 2
  • Half Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 3
  • Door Features: Panel Doors, Sliding Doors
  • Eating Area: Area, Breakfast Nook, Dining Room, Separated
  • Entry Level: 1
  • Fireplace Features: Family Room, Living Room, Gas, Gas Starter
  • Levels: One
  • Main Level Bathrooms: 3
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 276.33
  • Room Type: Den, Family Room, Kitchen, Laundry, Living Room, Main Floor Bedroom, Main Floor Master Bedroom, Master Bathroom, Master Bedroom
  • Spa Features: Association, Community, Gunite, Heated, In Ground
  • Window Features: Blinds, Double Pane Windows, Drapes, Screens, Skylight(s)
  • Bathroom Features: Bathtub, Shower, Shower In Tub, Closet In Bathroom, Corian Counters, Exhaust Fan(s), Linen Closet/Storage, Main Floor Full Bath
  • Room Kitchen Features: Granite Counters, Kitchen Open To Family Room, Remodeled Kitchen, Self-Closing Cabinet Doors

Exterior Features

  • Patio: Yes
  • Direction Faces: East
  • Exterior Features: Rain Gutters
  • View: Neighborhood
  • Fence: No
  • Patio And Porch Features: Brick, Covered, Deck, Patio, Patio Open, Front Porch, Terrace
  • Pool Features: Association, Community, Fenced, Gunite, In Ground, Lap
  • Pool Private: No
  • Roof: Composition
  • Spa: Yes
  • Construction Materials: Drywall Walls, Frame, Stucco, Wood Siding

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Number Remotes: 2
  • Parking: Yes
  • Parking Features: Direct Garage Access, Concrete, Paved, Garage Faces Front, Garage - Single Door
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Connected, Underground Utilities, Water Available, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, ENERGY STAR Qualified Appliances, Free-Standing Range, Disposal, Gas Oven, Gas Range, Gas Cooktop, Gas Water Heater, Ice Maker, Microwave, Refrigerator, Self Cleaning Oven, Water Heater, Water Line to Refrigerator, Water Purifier
  • Electric: Electricity - On Property, Standard
  • Heating Type: Central, ENERGY STAR Qualified Equipment, Fireplace(s), Forced Air, Natural Gas
  • Laundry Features: Dryer Included, Gas Dryer Hookup, In Closet, Inside, Washer Hookup, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air, Energy Star Qualified Equipment
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Spa/Hot Tub, Common RV Parking, Electricity, Gas, Sewer, Water, Pets Permitted, Management
  • Association Fee: 410.00
  • Association Fee Frequency: Monthly
  • Association Name: Palm Terrace Town Homes
  • Phone: 951-481-8160
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Street Lights
  • Association Management: Reliable Property Management

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: Landscaped, Lawn, Level with Street, Level, Paved
  • 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: 5
  • Tax Tract Number: 5036
  • TaxOtherAnnualAssessmentAmount: 44.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 12, 2023
Closed on
Jun 26, 2023
Sold by
Montano Robert Arthur
Bought by
Montano Christine T
Seller's Agent
Donna Bohling
WESTCOE REALTORS INC
List Price
$625,000
Sold Price
$585,000
Premium/Discount to List
-$40,000
-6.4%
Views
103
Current Estimated Value
$676,123

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$91,123
Avg. Annual Appreciation
6.65%
Original Mortgage
$526,500
Outstanding Balance
$512,880
Interest Rate
6.35%
Mortgage Type
New Conventional
Estimated Equity
$163,243

Purchase Details

Listed on
May 12, 2023
Closed on
May 23, 2023
Sold by
Montano Christine T
Bought by
Hightower Robert Adam
Seller's Agent
Donna Bohling
WESTCOE REALTORS INC
List Price
$625,000
Sold Price
$585,000
Premium/Discount to List
-$40,000
-6.4%
Views
103

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$526,500
Outstanding Balance
$512,880
Interest Rate
6.35%
Mortgage Type
New Conventional
Estimated Equity
$163,243

Purchase Details

Closed on
Jan 28, 1998
Sold by
Montano Robert A and Montano Christine T
Bought by
Montano Robert A and Montano Christine T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,600
Interest Rate
6.9%

Purchase Details

Closed on
Feb 6, 1997
Sold by
Montano Robert A and Montano Christine T
Bought by
Montano Robert A and Montano Christine T

Purchase Details

Closed on
May 9, 1996
Sold by
Mcfarland Wilmer H and Mcfarland Jeanne H
Bought by
Montano Robert A and Montano Christine T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,972
Interest Rate
8.09%
Mortgage Type
FHA
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
Montano Christine T -- --
Hightower Robert Adam $585,000 Lawyers Title
Montano Robert A -- Chicago Title Co
Montano Robert A -- --
Montano Robert A $152,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hightower Robert Adam $526,500
Previous Owner Montano Robert A $133,600
Previous Owner Montano Robert A $125,972
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/26/2023 06/26/23 Sold $585,000 0.0% $276 / Sq Ft
05/17/2023 05/17/23 Price Changed $585,000 -6.4% $276 / Sq Ft
05/12/2023 05/12/23 For Sale $625,000 -- $295 / 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 $6,574 $608,633 $183,110 $425,523
2023 $6,574 $245,377 $71,837 $173,540
2022 $2,642 $240,567 $70,429 $170,138
2021 $2,615 $235,851 $69,049 $166,802
2020 $2,594 $233,433 $68,341 $165,092
2019 $2,553 $228,856 $67,001 $161,855
2018 $2,502 $224,370 $65,688 $158,682
2017 $2,456 $219,971 $64,400 $155,571
2016 $2,298 $215,659 $63,138 $152,521
2015 $2,232 $209,664 $62,190 $147,474
2014 $2,218 $205,559 $60,973 $144,586
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV23077613

California Regional Multiple Listing Service (CRMLS)

APN: 223-270-075