$260,000
SOLD AUG 15, 2013
2 Beds
2 Baths
1,822 Sq Ft
5,227 Sq Ft Lot

Recently Sold

$143 Per Sq Ft

4% Above List Price

6 Days on Market

Highlights

  • Wood Flooring
  • Laundry Room
  • No Heating
  • No HOA
  • Central Air
  • Back and Front Yard

About This Home

As of August 2013

Located in Downtown Riverside just off Third Street you'll find this charming1832 square foot duplex. Each is a one bedroom one bath unit with a sizeable living area complete with wood burning fireplaces and dining room. They both have separate one car garages as well as a private rear yard area. There is also an interior door that would allow access to both units turning it into one larger home if desired. This is a wonderful opportunity for an investor wanting a great return on their investment as these units should lease for close to $1000 each. The seller is only considering all cash or conventionally financed non appraisal contingent offers, sold as is.

Last Agent to Sell the Property

Rob Murray

Vista Sotheby's International Realty License #00898968 Listed on: 07/10/2013

Last Buyer's Agent

Kendra Hartsell

RE/MAX HORIZON License #01193953

RE/MAX HORIZON

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1939

Lot Details

  • 5,227 Sq Ft Lot
  • No Common Walls
  • Back and Front Yard

Parking

  • 2 Car Garage

Home Design

  • Common Roof

Interior Spaces

  • 1,822 Sq Ft Home
  • Living Room with Fireplace
  • Gas Cooktop
  • Laundry Room

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Exterior Lighting

Utilities

  • Central Air
  • No Heating

Listing and Financial Details

  • Assessor Parcel Number 214112002

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $60
  • New Taxes Expense $225
  • Net Operating Income $19,200

Property Details

Home Type

Multi-Family

Year Built

Built in 1939

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Property Type: Residential Income
  • Parcel Number: 214112002
  • Year Built: 1939
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: No Common Walls
  • Flooring: Carpet, Vinyl, Wood
  • Appliances: Yes
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 142.70

Exterior Features

  • Pool Private: No
  • Roof: Common Roof

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Available
  • Heating: No
  • Laundry: Yes
  • Appliances: Gas Cooktop
  • Laundry Features: Inside
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Lot Features: Back Yard, Front Yard
  • Lot Size Sq Ft: 5227.00
  • Lot Size Acres: 0.1200

Multi Family

  • Gross Scheduled Income: 24000.00
  • Insurance Expense: 60.00
  • Lot Size Area: 5227.0000 Square Feet
  • Net Operating Income: 19200.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 400.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 225.00
  • Tax Tract Number: 0000
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 21, 2021
Sold by
Mcgehee James and Mcgehee Patricia
Bought by
Mcgehee Family Investments Llc
Current Estimated Value
$754,725

Purchase Details

Listed on
Aug 29, 2013
Closed on
Aug 5, 2013
Sold by
Govier George Arthur and Vincent Penny Turner
Bought by
Mcgehee James and Mcgehee Patricia
Seller's Agent
Kendra Hartsell
HORIZON PROPERTY MANAGEMENT
Buyer's Agent
Kendra Hartsell
HORIZON PROPERTY MANAGEMENT
Sold Price
$900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.85%
Original Mortgage
$195,000
Outstanding Balance
$144,375
Interest Rate
4.28%
Mortgage Type
Commercial
Estimated Equity
$596,981

Purchase Details

Closed on
Mar 14, 2012
Sold by
Govier Oren W and Govier Grace M
Bought by
Govier Oren Wheeler and Govier Grace Marjorie
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Type Sale Price Title Company
Interfamily Deed Transfer -- Accommodation
Grant Deed $260,000 Fidelity National Title
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $195,000 Commercial
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/28/2017 06/28/17 Rented $1,300 0.0% --
06/16/2017 06/16/17 For Rent $1,300 +18.2% --
01/16/2016 01/16/16 Rented $1,100 0.0% --
01/03/2016 01/03/16 For Rent $1,100 0.0% --
12/28/2015 12/28/15 Off Market $1,100 -- --
12/26/2015 12/26/15 Price Changed $1,100 +10.0% $1 / Sq Ft
12/23/2015 12/23/15 For Rent $1,000 +11.1% --
09/27/2013 09/27/13 Rented $900 0.0% --
09/23/2013 09/23/13 Under Contract -- -- --
08/29/2013 08/29/13 For Rent $900 0.0% --
08/15/2013 08/15/13 Sold $260,000 +4.0% $143 / Sq Ft
07/16/2013 07/16/13 Pending -- -- --
07/10/2013 07/10/13 For Sale $249,900 -- $137 / 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 $6,161 $568,274 $141,797 $426,477
2023 $6,161 $546,209 $136,292 $409,917
2022 $6,021 $535,500 $133,620 $401,880
2021 $3,366 $294,442 $90,594 $203,848
2020 $3,341 $291,424 $89,666 $201,758
2019 $3,279 $285,710 $87,908 $197,802
2018 $3,215 $280,109 $86,186 $193,923
2017 $3,159 $274,618 $84,497 $190,121
2016 $2,957 $269,235 $82,841 $186,394
2015 $2,915 $265,194 $81,598 $183,596
2014 $2,888 $260,000 $80,000 $180,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV13134676

California Regional Multiple Listing Service (CRMLS)

APN: 214-112-002