S
Seller's Agent in 2016
SARAH ORTIZ
WSR REAL ESTATE
2909 Elgin Dr Riverside, CA 92507
University NeighborhoodEstimated Value: $1,077,441 - $1,264,000
8
Beds
8
Baths
4,200
Sq Ft
$285/Sq Ft
Est. Value
Highlights
- Two Story Ceilings
- Community Pool
- Laundry Room
- Neighborhood Views
- Cooling System Mounted To A Wall/Window
- Heating System Uses Natural Gas
About This Home
As of November 2016Great Riverside 4 Plex for Sale. This property features 4 units. Each unit includes a kitchen, half bath, fireplace and living room downstairs. Upstairs features 2 bedrooms and a full bathroom. The units also individually have a fenced in large patio area with access from the sliding door in the living room. The property also features on site laundry, a garage and community pool. Very close to UCR, Shopping & dining. HOA handles common area landscaping and pool maintenance.
Last Agent to Sell the Property
SARAH ORTIZ
WSR REAL ESTATE License #01891781 Listed on: 09/16/2016
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1964
Lot Details
- 7,957 Sq Ft Lot
- Two or More Common Walls
- Sprinklers on Timer
HOA Fees
- $394 Monthly HOA Fees
Parking
- 4 Car Garage
- Parking Available
- Unassigned Parking
- Community Parking Structure
Home Design
- Property Attached
Interior Spaces
- 4,200 Sq Ft Home
- Two Story Ceilings
- Family Room with Fireplace
- Neighborhood Views
Kitchen
- Gas Cooktop
- Formica Countertops
Bedrooms and Bathrooms
- 8 Bedrooms
- All Upper Level Bedrooms
- 8 Bathrooms
Laundry
- Laundry Room
- Leased Washer and Dryer
Utilities
- Cooling System Mounted To A Wall/Window
- Heating System Uses Natural Gas
- Sewer Paid
Listing and Financial Details
- Tenant pays for electricity, gas, trash collection, water
- Tax Lot 20
- Tax Tract Number 2602
- Assessor Parcel Number 250122010
Community Details
Overview
- 4 Units
- Maintained Community
Amenities
- Laundry Facilities
Recreation
- Community Pool
Building Details
- 3 Leased Units
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 4 Separate Water Meters
- Professional Management Expense $288
- Trash Expense $200
- Water Sewer Expense $2,000
- New Taxes Expense $4,700
- Gross Income $43,200
- Net Operating Income $31,336
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 16, 2016
Closed on
Nov 16, 2016
Sold by
Feng Robert K W and Feng Coral S
Bought by
Qiaoxuan Investment Llc
Seller's Agent
SARAH ORTIZ
WSR REAL ESTATE
Buyer's Agent
Keith Chen
Coldwell Banker Envision
List Price
$650,000
Sold Price
$610,000
Premium/Discount to List
-$40,000
-6.15%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$585,610
Avg. Annual Appreciation
7.67%
Purchase Details
Closed on
Mar 29, 2005
Sold by
Rengert Therese
Bought by
Feng Robert K W and Feng Coral S
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$464,000
Interest Rate
5.99%
Mortgage Type
Commercial
Purchase Details
Closed on
Sep 21, 2004
Sold by
Welch Danny B and Welch Debra S
Bought by
Rengert Therese
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$416,000
Interest Rate
4.26%
Mortgage Type
Commercial
Purchase Details
Closed on
Mar 21, 2004
Sold by
Munio Richard A and Munio Deborah A
Bought by
Welch Danny B and Welch Debra S
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$368,000
Interest Rate
4.06%
Mortgage Type
Commercial
Purchase Details
Closed on
May 15, 2003
Sold by
Munio Kathryn I
Bought by
Munio Robert A
Purchase Details
Closed on
Sep 18, 1996
Sold by
Angell Kendall L
Bought by
Munio Richard A and Munio Deborah A
Purchase Details
Closed on
Sep 9, 1996
Sold by
Richardson and Shona
Bought by
Elgin Drive Trust
Purchase Details
Closed on
Nov 16, 1994
Sold by
Great Western Bank Fsb
Bought by
Richardson Steve and Richardson Shona
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$83,475
Interest Rate
9.28%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Apr 6, 1994
Sold by
California Reconveyance Company
Bought by
Great Western Bank Fsb
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Qiaoxuan Investment Llc | $610,000 | Stewart Title | |
| Feng Robert K W | $625,000 | Fidelity National Title | |
| Rengert Therese | $520,000 | First American Title Co | |
| Welch Danny B | $460,000 | Chicago Title Insurance Co | |
| Munio Robert A | -- | -- | |
| Munio Richard A | $80,000 | First American Title Ins Co | |
| Elgin Drive Trust | $70,550 | -- | |
| Richardson Steve | $93,000 | Chicago Title Company | |
| Great Western Bank Fsb | $122,721 | Chicago Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Feng Robert K W | $464,000 | |
| Previous Owner | Rengert Therese | $416,000 | |
| Previous Owner | Welch Danny B | $368,000 | |
| Previous Owner | Richardson Steve | $83,475 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/23/2016 11/23/16 | Sold | $610,000 | -6.2% | $145 / Sq Ft |
| 09/14/2016 09/14/16 | For Sale | $650,000 | -- | $155 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $7,760 | $707,951 | $139,267 | $568,684 |
| 2023 | $7,760 | $680,462 | $133,860 | $546,602 |
| 2022 | $7,585 | $667,121 | $131,236 | $535,885 |
| 2021 | $7,477 | $654,041 | $128,663 | $525,378 |
| 2020 | $7,421 | $647,335 | $127,344 | $519,991 |
| 2019 | $7,282 | $634,644 | $124,848 | $509,796 |
| 2018 | $7,141 | $622,200 | $122,400 | $499,800 |
| 2017 | $7,016 | $610,000 | $120,000 | $490,000 |
| 2016 | $4,655 | $418,951 | $146,633 | $272,318 |
| 2015 | $4,443 | $399,000 | $139,650 | $259,350 |
| 2014 | $4,281 | $207,000 | $75,000 | $132,000 |
Source: Public Records
Agents Affiliated with this Home
-
-
Keith Chen
Buyer's Agent in 2016
Keith Chen
Coldwell Banker Envision
(626) 422-3333
30 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: IV16702500
APN: 250-122-010
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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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