NOT LISTED FOR SALE

3105 Madison St Riverside, CA 92504

Estimated Value: $506,000 - $707,163

5 Beds
4 Baths
1,585 Sq Ft
$376/Sq Ft Est. Value

Last Sold March 30, 2018

Last sale price $416,000 $262 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $3,651/month

91 Days on Market

Highlights

  • Evaporated cooling system
  • Carpet
  • 1-Story Property
  • Laundry Room
  • Wall Furnace

About This Home

As of March 2018

Refurbished two homes on a lot. Good income currently. Close in, walk to stores and close to freeways. Have a current appraisal at $416,000.
Charming patio area, one home has a two car garage. On a corner lot with offsite parking. Back unit has had an extensive upgrade.

Last Agent to Sell the Property

Vivian Arias

Brubaker Culton R.E. & Dev. License #00755357 Listed on: 11/22/2017

Last Buyer's Agent

Nathaniel Topete

NEST REAL ESTATE License #02021077

NEST REAL ESTATE

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,150

Year Built

  • Built in 1940

Lot Details

  • 6,970 Sq Ft Lot
  • Density is 2-5 Units/Acre
  • Property is zoned C3

Parking

  • 2 Car Garage
  • Parking Available
  • Assigned Parking

Interior Spaces

  • 1,585 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Location

  • Urban Location

Utilities

  • Evaporated cooling system
  • Wall Furnace
  • Septic Type Unknown

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 1
  • Tax Tract Number 117
  • Assessor Parcel Number 230331017

Community Details

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter

Additional Features

  • 2 Units
  • Laundry Facilities

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,150

Year Built

Built in 1940

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Zoning: C3
  • Property Sub Type: Single Family Residence
  • Property Type: Residential Income
  • Parcel Number: 230331017
  • Year Built: 1940
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Laminate
  • Levels: One
  • Price Per Square Foot: 262.46

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

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

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area
  • Sewer: Unknown
  • Water Source: Public
  • Cooling: Evaporative Cooling
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 6970.00

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Average2 Bed Area: 800 Square Feet
  • Gross Income: 37200.00
  • Gross Scheduled Income: 37200.00
  • Insurance Expense: 800.00
  • Net Operating Income: 30200.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number With Carpet: 2
  • Number With Disposal: 1
  • Number With Patio: 2
  • Operating Expense: 6740.00
  • Rent Control: No
  • Total Actual Rent: 3100.00
  • Total Expenses: 5800.00

Tax Info

  • New Taxes Expense: 5000.00
  • Tax Census Tract: 313.00
  • Tax Lot: 1
  • Tax Tract Number: 117

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 8, 2021
Sold by
Topete Nathaniel A and Topete Sergio
Bought by
Topete Nathaniel A and Topete Sergio
Current Estimated Value
$595,791

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$390,000
Outstanding Balance
$355,395
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$240,396

Purchase Details

Closed on
Jan 24, 2018
Sold by
World Equities Llc
Bought by
Topete Sergio and Topete Jacqueline Sapien

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$408,465
Interest Rate
4.38%
Mortgage Type
FHA

Purchase Details

Listed on
Apr 25, 2017
Closed on
Jul 17, 2017
Sold by
Aleman Martha
Bought by
World Equities Llc
Seller's Agent
Robert Carillo
Elevate Real Estate Agency
Buyer's Agent
Robert Carillo
Elevate Real Estate Agency
List Price
$290,000
Sold Price
$245,000
Premium/Discount to List
-$45,000
-15.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.60%
Original Mortgage
$245,000
Interest Rate
3.9%
Mortgage Type
Construction
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Topete Nathaniel A -- Stewart Title Of Ca Inc
Topete Sergio -- Stewart Title Of Ca Inc
Topete Sergio $416,000 Stewart Title Of California
World Equities Llc $245,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Topete Nathaniel A $390,000
Previous Owner Topete Sergio $408,465
Previous Owner World Equities Llc $245,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/30/2018 03/30/18 Sold $416,000 0.0% $262 / Sq Ft
02/21/2018 02/21/18 Pending -- -- --
01/08/2018 01/08/18 For Sale $416,000 0.0% $262 / Sq Ft
12/26/2017 12/26/17 Pending -- -- --
11/22/2017 11/22/17 For Sale $416,000 +69.8% $262 / Sq Ft
08/03/2017 08/03/17 Sold $245,000 -15.5% $155 / Sq Ft
07/14/2017 07/14/17 Pending -- -- --
06/09/2017 06/09/17 For Sale $290,000 0.0% $183 / Sq Ft
05/24/2017 05/24/17 Pending -- -- --
04/25/2017 04/25/17 For Sale $290,000 -- $183 / 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 $5,150 $471,785 $87,031 $384,754
2023 $5,150 $453,466 $83,652 $369,814
2022 $5,034 $444,575 $82,012 $362,563
2021 $4,984 $437,288 $78,840 $358,448
2020 $4,947 $432,805 $78,032 $354,773
2019 $4,854 $424,319 $76,502 $347,817
2018 $2,847 $245,000 $80,000 $165,000
2017 $847 $73,113 $20,611 $52,502
2016 $797 $71,680 $20,207 $51,473
2015 $784 $70,604 $19,904 $50,700
2014 $787 $69,222 $19,515 $49,707
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW17262984

California Regional Multiple Listing Service (CRMLS)

APN: 230-331-017