NOT LISTED FOR SALE

Estimated Value: $450,000 - $679,000

4 Beds
3 Baths
1,536 Sq Ft
$352/Sq Ft Est. Value

Last Sold May 16, 2014

Last sale price $265,000 $173 Per Sq Ft

Est. 104% increase in value since last sale

Current estimated payment $3,279/month

41 Days on Market

Highlights

  • Craftsman Architecture
  • Attic
  • Wood Frame Window
  • Polytechnic High School Rated A-
  • No HOA
  • Cooling System Mounted To A Wall/Window

About This Home

As of May 2014

Great Triplex Historic Riverside District; 3 Units; 3255: 1 Bedroom, 1 Bath, Laundry Connections in Kitchen; 3257: 2 Bedroom, 1 Bath, Laundry Room, 3261: 1 Bedroom, 1 Bath, Laundry Connections in separate Utility Room. Detached Garage & 2 Parking Spaces (Alley Access). Major Renovation under the Rental Rehabilitation Program with the City of Riverside including basement foundation 1994 (Permitted/Completion Notice/Reports + other maintenance & Repair Bills available with accepted offer) Gas & Electric metered separate, additional motion lighting installed around home, downspout and gutters, landscape and hardscape, maintained on a regular basis. Close to Historic Mission Inn, shopping, schools, parks, entertainment, 91 and 60 freeway's. Property received Heritage Award 95-96. This is a great opportunity to own income property in the Heritage District of Riverside.

Last Agent to Sell the Property

Shirley Scofield

First Team Real Estate License #01235381 Listed on: 03/07/2014

First Team Real Estate

Last Buyer's Agent

Shirley Scofield

First Team Real Estate License #01235381 Listed on: 03/07/2014

First Team Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,550

Year Built

  • Built in 1920

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 57' x 155'
  • Property fronts an alley
  • Two or More Common Walls
  • Wood Fence
  • Block Wall Fence
  • Fence is in fair condition
  • On-Hand Building Permits

Parking

  • 2 Car Garage
  • On-Street Parking

Home Design

  • Craftsman Architecture
  • Property Attached
  • Additions or Alterations
  • Cosmetic Repairs Needed
  • Raised Foundation
  • Composition Roof
  • Wood Siding
  • Plaster

Interior Spaces

  • 1,536 Sq Ft Home
  • 1-Story Property
  • Wood Frame Window
  • Living Room with Fireplace
  • Gas Range
  • Attic
  • Basement

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Gas Dryer Hookup

Home Security

  • Window Bars
  • Security Lights
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector
  • Termite Clearance

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Gas Water Heater
  • Satellite Dish

Listing and Financial Details

  • Tenant pays for trash collection, water
  • Legal Lot and Block 4 / 2
  • Assessor Parcel Number 213091015

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Amenities

  • Laundry Facilities

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,680
  • Insurance Expense $812
  • Water Sewer Expense $900
  • New Taxes Expense $1,422
  • Net Operating Income $18,214

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,550

Year Built

Built in 1920

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: Alley, City Street
  • Security: Carbon Monoxide Detector(s), Security Lights, Smoke Detector(s), Window Bars
  • View: No
  • Water Sewer Expenses: 900.00
  • Zoning: Multi Fam
  • Architectural Style: Craftsman
  • Property Condition: Additions/Alterations, Building Permit, Repairs Cosmetic, Termite Clearance
  • Property Type: Residential Income
  • Gardener Expense: 1680.00
  • Parcel Number: 213091015
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Vinyl
  • Appliances: Yes
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 172.53
  • Room Type: Attic, Basement, Living Room
  • Window Features: Wood Frames

Exterior Features

  • Foundation: Raised
  • Exterior Features: Lighting, Rain Gutters, Satellite Dish
  • Fencing: Block, Fair Condition, Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Plaster, Wood Siding

Garage/Parking

  • Garage Spaces: 2.00
  • Parking Features: Garage, Street
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Natural Gas Available, Sewer Connected, Sewer Available, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range, Gas Water Heater, Water Heater
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area, Gas Dryer Hookup
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Lot Size: 57' x 155'
  • Lot Size Sq Ft: 8712.00
  • Lot Size Acres: 0.2000

Rental Info

  • Tenant Pays: Trash Collection, Water

Multi Family

  • Gross Scheduled Income: 24240.00
  • Gross Spendable Income: 18214.00
  • Insurance Expense: 812.00
  • Lot Size Area: 8712.0000 Square Feet
  • Net Operating Income: 18214.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Number Wall A C: 3
  • Number With Carpet: 3
  • Number With Disposal: 3
  • Number With Patio: 1
  • Number With Range: 3
  • Operating Expense: 4814.00
  • Rent Control: No
  • Total Actual Rent: 24240.00
  • Vacancy Allowance: 1212
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 1422.00
  • Tax Area: 9041
  • Tax Block: 2
  • Taxes Percent: 1.08
  • Tax Lot: 4
  • Tax Rate: 1.00
  • Tax Tract Number: 00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 6, 2019
Sold by
Kloman Lichter Deborah L and Lichter Joseph Kurt
Bought by
Lichter Joseph K and Kloman Lichter Deborah L
Current Estimated Value
$540,097

Purchase Details

Listed on
Mar 7, 2014
Closed on
Apr 21, 2014
Sold by
Wintz Donald A
Bought by
Lichter Joseph Kurt and Kloman Lichter Deborah
Seller's Agent
Shirley Scofield
First Team Real Estate
Buyer's Agent
Shirley Scofield
First Team Real Estate
List Price
$294,900
Sold Price
$265,000
Premium/Discount to List
-$29,900
-10.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.37%
Original Mortgage
$185,500
Interest Rate
4.38%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 19, 2006
Sold by
Wintz Donald A
Bought by
Wintz Donald A and Wintz Marcella M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
6.19%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jun 18, 2002
Sold by
Wintz Donald A
Bought by
Wintz Donald A and Wintz Marcella M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$67,500
Interest Rate
6.7%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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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
Lichter Joseph K -- None Available
Lichter Joseph Kurt $265,000 Western Resources Title Co
Wintz Donald A -- None Available
Wintz Donald A -- None Available
Wintz Donald A -- First Southwestern Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lichter Joseph Kurt $163,000
Closed Lichter Joseph Kurt $185,500
Previous Owner Wintz Donald A $50,000
Previous Owner Wintz Donald A $93,470
Previous Owner Wintz Donald A $67,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/16/2014 05/16/14 Sold $265,000 -10.1% $173 / Sq Ft
04/17/2014 04/17/14 Pending -- -- --
03/07/2014 03/07/14 For Sale $294,900 0.0% $192 / Sq Ft
10/31/2013 10/31/13 Rented $695 -13.1% --
10/31/2013 10/31/13 Under Contract -- -- --
09/25/2013 09/25/13 For Rent $800 0.0% --
09/13/2012 09/13/12 Rented $800 0.0% --
09/13/2012 09/13/12 Under Contract -- -- --
08/31/2012 08/31/12 For Rent $800 -- --
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
2023 $3,550 $312,228 $94,253 $217,975
2022 $3,470 $306,106 $92,405 $213,701
2021 $3,430 $300,105 $90,594 $209,511
2020 $3,405 $297,029 $89,666 $207,363
2019 $3,341 $291,206 $87,908 $203,298
2018 $3,277 $285,497 $86,186 $199,311
2017 $3,219 $279,900 $84,497 $195,403
2016 $3,013 $274,413 $82,841 $191,572
2015 $2,971 $270,294 $81,598 $188,696
2014 $1,511 $132,122 $26,098 $106,024
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IG14050764

California Regional Multiple Listing Service (CRMLS)

APN: 213-091-015