NOT LISTED FOR SALE

Estimated Value: $421,034 - $732,000

4 Beds
2 Baths
1,834 Sq Ft
$317/Sq Ft Est. Value

Last Sold June 27, 2014

Last sale price $205,000 $112 Per Sq Ft

Est. 184% increase in value since last sale

Current estimated payment $3,414/month

10 Days on Market

Highlights

  • No HOA
  • Evaporated cooling system
  • Tile Flooring
  • Neighborhood Views
  • Laundry Room
  • Wall Furnace

About This Home

As of June 2014

Come take a look at this great opportunity. 2 unit dwelling in the city of Riverside located in the Eastside community, just a few blocks away from the University of California Riverside, and Riverside Community College. Great potential for tons of prospects. Each unit is composed of 2 bedrooms and 1 bath, Living Room and Dining area. Each unit has assigned parking via a 1 car detached (per unit) garage. Property inhabited with long term tenants. Property is in need of Tender Love and Care.

Last Agent to Sell the Property

JESSIE MORFIN

EXP REALTY OF CALIFORNIA INC License #01370555 Listed on: 04/14/2014

EXP REALTY OF CALIFORNIA INC

Last Buyer's Agent

JESSIE MORFIN

EXP REALTY OF CALIFORNIA INC License #01370555 Listed on: 04/14/2014

EXP REALTY OF CALIFORNIA INC

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1940

Lot Details

  • 7,405 Sq Ft Lot
  • 1 Common Wall
  • Chain Link Fence
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Property Attached
  • Shingle Roof

Interior Spaces

  • 1,834 Sq Ft Home
  • Neighborhood Views
  • Gas Cooktop

Flooring

  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen

Utilities

  • Evaporated cooling system
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity, trash collection
  • Tax Lot 24
  • Tax Tract Number 2
  • Assessor Parcel Number 219122008

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $1,800

Property Details

Home Type

Multi-Family

Year Built

Built in 1940

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • View: Yes
  • Property Type: Residential Income
  • Parcel Number: 219122008
  • Year Built: 1940
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Tile, Vinyl
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 111.78

Exterior Features

  • View: Neighborhood
  • Fencing: Chain Link
  • Pool Private: No
  • Roof: Shingle
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Cooktop
  • Heating Type: Wall Furnace
  • Laundry Features: In Kitchen
  • Water Source: Public
  • Cooling: Evaporative Cooling
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7405.00
  • Lot Size Acres: 0.1700

Rental Info

  • Tenant Pays: Cable TV, Electricity, Trash Collection

Multi Family

  • Gross Income: 1800.00
  • Gross Scheduled Income: 21600.00
  • Lot Size Area: 7405.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Rent Control: No
  • Total Actual Rent: 1200.00

Tax Info

  • Tax Lot: 24
  • Tax Tract Number: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 14, 2014
Closed on
Apr 30, 2014
Sold by
Ward Joe C and Ward Jeanette
Bought by
Joe C Ward & Jeanette Ward Family Trust
Seller's Agent
JESSIE MORFIN
EXP REALTY OF CALIFORNIA INC
Buyer's Agent
JESSIE MORFIN
EXP REALTY OF CALIFORNIA INC
List Price
$205,000
Sold Price
$205,000
Current Estimated Value
$581,759

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$376,759
Avg. Annual Appreciation
9.48%
Original Mortgage
$153,750
Interest Rate
4.17%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 25, 2014
Sold by
Joe C Ward & Jeanette Ward Family Trust
Bought by
Stover Frederick A and Stover Michelle P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,750
Interest Rate
4.17%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 12, 2005
Sold by
Ward Joe C and Ward Jeanette
Bought by
Ward Joe C and Ward Jeanette
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Joe C Ward & Jeanette Ward Family Trust -- First American Title Company
Stover Frederick A $205,000 First American Title Company
Ward Joe C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Stover Frederick A $153,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/27/2014 06/27/14 Sold $205,000 0.0% $112 / Sq Ft
04/24/2014 04/24/14 Pending -- -- --
04/14/2014 04/14/14 For Sale $205,000 -- $112 / 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 $4,396 $403,676 $98,061 $305,615
2023 $4,396 $388,003 $94,254 $293,749
2022 $3,762 $332,396 $92,406 $239,990
2021 $2,673 $232,154 $90,595 $141,559
2020 $2,653 $229,775 $89,667 $140,108
2019 $2,603 $225,270 $87,909 $137,361
2018 $2,553 $220,854 $86,186 $134,668
2017 $2,509 $216,525 $84,497 $132,028
2016 $2,350 $212,281 $82,841 $129,440
2015 $2,316 $209,095 $81,598 $127,497
2014 $576 $45,981 $8,576 $37,405
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV14078252

California Regional Multiple Listing Service (CRMLS)

APN: 219-122-008