NOT LISTED FOR SALE

Estimated Value: $508,000 - $567,000

2 Beds
2 Baths
1,326 Sq Ft
$410/Sq Ft Est. Value

Last Sold January 27, 2012

Last sale price $75,000 $57 Per Sq Ft

Est. 625% increase in value since last sale

Current estimated payment $2,985/month

7 Days on Market

About This Home

As of January 2012

Duplex - Centrally located to all transportations and close to Downtown Riverside. Easy access to shopping, schools, bus and all other amenities. Great opportunity for first time investment. Property is being sold in it's present 'as-is' condition. No repairs will be made. No warranties expressed or implied. Buyer to verify all information and permits. Market rents shown.

Last Agent to Sell the Property

Richard Bell

Bell Realty Group License #01344469 Listed on: 09/23/2011

Last Buyer's Agent

Richard Bell

Bell Realty Group License #01344469 Listed on: 09/23/2011

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,210

Year Built

  • Built in 1930

Lot Details

  • 3,485

Parking

  • 3 Parking Spaces

Home Design

  • Planned Development
  • Stucco

Interior Spaces

  • 1,326 Sq Ft Home
  • Carpet

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Additional Features

  • 3,485 Sq Ft Lot
  • Central Heating

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 1
  • Assessor Parcel Number 211092001

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Net Operating Income $9,180

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,210

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 10.31
  • View: No
  • Property Type: Residential Income
  • Parcel Number: 211092001
  • Year Built: 1930
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Flooring: Carpet
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 56.56

Exterior Features

  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: No
  • Total Parking Spaces: 3.00

Utilities

  • Heating: No
  • Laundry: No
  • Heating Type: Central
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Features: Planned Unit Development
  • Lot Size Sq Ft: 3485.00
  • Lot Size Acres: 0.0800

Multi Family

  • Gross Multiplier: 4.94
  • Gross Scheduled Income: 18000.00
  • Lot Size Area: 3485.0000 Square Feet
  • Net Operating Income: 9180.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 8291.00

Tax Info

  • Tax Lot: 1
  • Tax Tract Number: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 23, 2011
Closed on
Jan 5, 2012
Sold by
Williams Leonard
Bought by
Somers Gerardo and Somers Rhonda
Seller's Agent
Richard Bell
Bell Realty Group
Buyer's Agent
Richard Bell
Bell Realty Group
List Price
$125,000
Sold Price
$75,000
Premium/Discount to List
-$50,000
-40%
Current Estimated Value
$544,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$469,000
Avg. Annual Appreciation
15.57%

Purchase Details

Closed on
Mar 2, 2005
Sold by
Richards Lawrence and Richards Sue L
Bought by
Williams Leonard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,784
Interest Rate
8.5%
Mortgage Type
Commercial
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
Somers Gerardo $75,000 Fnt
Williams Leonard $410,000 Lawyers Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Williams Leonard $190,784
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/27/2012 01/27/12 Sold $75,000 -40.0% $57 / Sq Ft
09/30/2011 09/30/11 Pending -- -- --
09/23/2011 09/23/11 For Sale $125,000 -- $94 / 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 $1,210 $106,750 $50,233 $56,517
2023 $1,210 $102,607 $48,284 $54,323
2022 $1,184 $100,596 $47,338 $53,258
2021 $1,183 $98,624 $46,410 $52,214
2020 $1,175 $97,614 $45,935 $51,679
2019 $1,154 $95,701 $45,035 $50,666
2018 $1,132 $93,825 $44,153 $49,672
2017 $1,113 $91,987 $43,288 $48,699
2016 $1,046 $90,185 $42,440 $47,745
2015 $1,030 $88,832 $41,803 $47,029
2014 $1,020 $87,093 $40,985 $46,108
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P797533

California Regional Multiple Listing Service (CRMLS)

APN: 211-092-001