Seller's Agent in 2015
James Cottrell
eXp Realty of California Inc.
(951) 662-1576
2 in this area
49 Total Sales
2981 Elgin Dr Riverside, CA 92507
University NeighborhoodEstimated Value: $885,000 - $1,287,000
8
Beds
4
Baths
4,200
Sq Ft
$263/Sq Ft
Est. Value
Highlights
- In Ground Pool
- Double Pane Windows
- Sliding Doors
- Cul-De-Sac
- Laundry Room
- Forced Air Heating and Cooling System
About This Home
As of July 2015Investors and aspiring investors. Take a look at this great property! This can be investment income or live in 1 unit and rent the other 3! This superb property is located just minutes from the University of California at Riverside. 4 units total; all with 2 bedrooms and 1.5 baths! Each unit has a cozy fireplace and a designated private fenced backyard area.This property is the best in the area with newer windows throughout and one of the few with central heat and A/C. In addition, the complex has had the plumbing re-piped and a new roof installed over the past several years. As well as the local amenities available, the occupants of this complex have on-site laundry facilities and access to the sparkling association pool! Call now for addition info!
Last Agent to Sell the Property
eXp Realty of California Inc. License #01445984 Listed on: 05/05/2015
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1973
Lot Details
- 8,018 Sq Ft Lot
- No Common Walls
- Cul-De-Sac
HOA Fees
- $394 Monthly HOA Fees
Parking
- 4 Car Garage
- Parking Available
- Unassigned Parking
Home Design
- Slab Foundation
Interior Spaces
- 4,200 Sq Ft Home
- 2-Story Property
- Double Pane Windows
- Sliding Doors
- Family Room with Fireplace
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
- Laundry Located Outside
Additional Features
- In Ground Pool
- Forced Air Heating and Cooling System
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas
- Tax Lot 15
- Tax Tract Number 2602
- Assessor Parcel Number 250122005
Community Details
Overview
- 4 Units
- Tlc Association
Amenities
- Laundry Facilities
Recreation
- Community Pool
Building Details
- 5 Separate Electric Meters
- 5 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $1,283
- Insurance Expense $2,402
- Maintenance Expense $2,611
- Other Expense $4,728
- New Taxes Expense $6,604
- Gross Income $39,888
- Net Operating Income $21,191
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Dec 10, 2021
Sold by
Bought by
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$490,000
Outstanding Balance
$446,883
Interest Rate
3.1%
Estimated Equity
$658,969
Purchase Details
Closed on
Dec 21, 2015
Sold by
Bought by
Purchase Details
Listed on
May 5, 2015
Closed on
Jul 15, 2015
Sold by
Bought by
Seller's Agent
James Cottrell
eXp Realty of California Inc.
Buyer's Agent
Kathleen Adams
Kathleen Adams, Broker
List Price
$625,000
Sold Price
$599,000
Premium/Discount to List
-$26,000
-4.16%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.76%
Original Mortgage
$449,250
Interest Rate
3.98%
Mortgage Type
Commercial
Purchase Details
Listed on
May 5, 2015
Closed on
Jun 3, 2015
Sold by
Bought by
Seller's Agent
James Cottrell
eXp Realty of California Inc.
Buyer's Agent
Kathleen Adams
Kathleen Adams, Broker
List Price
$625,000
Sold Price
$599,000
Premium/Discount to List
-$26,000
-4.16%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$449,250
Interest Rate
3.98%
Mortgage Type
Commercial
Purchase Details
Closed on
Feb 4, 2012
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
3.9%
Mortgage Type
Commercial
Purchase Details
Closed on
Oct 11, 2007
Sold by
Bought by
Purchase Details
Closed on
Mar 16, 2004
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$345,000
Interest Rate
5.56%
Mortgage Type
Commercial
Purchase Details
Closed on
Mar 12, 2004
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$345,000
Interest Rate
5.56%
Mortgage Type
Commercial
Purchase Details
Closed on
Sep 27, 1999
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,339
Interest Rate
7.76%
Mortgage Type
FHA
Purchase Details
Closed on
Feb 19, 1996
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,650
Interest Rate
7%
Mortgage Type
FHA
Purchase Details
Closed on
Oct 1, 1994
Sold by
Bought by
Purchase Details
Closed on
Aug 30, 1994
Sold by
Bought by
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Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| -- | Stewart Title Of Ca Inc | ||
| -- | None Available | ||
| -- | Ticor Title | ||
| $599,000 | Ticor Title | ||
| -- | First American Title Ins Co | ||
| -- | Accommodation | ||
| -- | None Available | ||
| -- | Fidelity National Title | ||
| $460,000 | Fidelity National Title | ||
| $191,000 | Northern Counties Title | ||
| $95,000 | Chicago Title Co | ||
| $75,000 | Chicago Title Company | ||
| $134,557 | Chicago Title Company |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Closed | $490,000 | ||
| Closed | $490,000 | ||
| Closed | $449,250 | ||
| Closed | $270,000 | ||
| Closed | $345,000 | ||
| Closed | $186,244 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/31/2015 07/31/15 | Sold | $599,000 | -4.2% | $143 / Sq Ft |
| 06/07/2015 06/07/15 | Pending | -- | -- | -- |
| 05/04/2015 05/04/15 | For Sale | $625,000 | -- | $149 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $8,032 | $709,085 | $140,867 | $568,218 |
| 2023 | $7,771 | $681,552 | $135,398 | $546,154 |
| 2022 | $7,596 | $668,190 | $132,744 | $535,446 |
| 2021 | $7,487 | $655,090 | $130,142 | $524,948 |
| 2020 | $7,431 | $648,374 | $128,808 | $519,566 |
| 2019 | $7,292 | $635,662 | $126,283 | $509,379 |
| 2018 | $7,151 | $623,199 | $123,807 | $499,392 |
| 2017 | $7,025 | $610,980 | $121,380 | $489,600 |
| 2016 | $6,575 | $599,000 | $119,000 | $480,000 |
| 2015 | $3,541 | $315,000 | $81,900 | $233,100 |
| 2014 | $3,413 | $300,000 | $78,000 | $222,000 |
Source: Public Records
Agents Affiliated with this Home
-
James Cottrell
-
Kathleen Adams
Buyer's Agent in 2015
Kathleen Adams
Kathleen Adams, Broker
(760) 902-9531
29 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: IG15095125
APN: 250-122-005
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.
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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