Michael Barragan
AMERIPRIDE PROPERTIES
(909) 442-1231
43 Total Sales
1 in Downtown Riverside
$580,000 Price
3561 Russell St Riverside, CA 92501
Downtown Riverside NeighborhoodEstimated Value: $544,000 - $682,000
2
Beds
2
Baths
1,101
Sq Ft
$564/Sq Ft
Est. Value
Highlights
- No HOA
- Laundry Facilities
- 1-Story Property
- 2 Car Garage
- No Heating
About This Home
As of December 2024Duplex (2 Units) Near Downtown Riverside Unlock the potential of this duplex, ideally situated near downtown Riverside and the newly developed Exchange mixed-use area! This property offers a unique opportunity for investors, with the added possibility of constructing an Accessory Dwelling Unit (ADU). Prime Location: Located within an Opportunity Zone (buyer to verify), this duplex is just moments from downtown Riverside's vibrant amenities, entertainment, and cultural landmarks. Enjoy being within walking distance to the Historic Mission Inn, Riverside Art Museum, and the lively Main Street. Whether it's dining at local restaurants, shopping, or experiencing the renowned Festival of Lights, this location has it all. ADU Potential: The property features a detached garage, which can be converted into an ADU studio, offering even more flexibility for rental income or personal use. Additionally, the expansive lot provides room to explore the option of constructing one or more additional ADUs—perfect for extended family or a home office. The property also includes 2 gas meters, 1 electric meter, and 1 water meter. Investment Opportunity: This property presents a promising opportunity for investors, located in a high-demand rental area. With over 10,000 square feet of land, there’s plenty of space for further development. Pro forma rent is an estimate only (buyer to verify through their own research). Important Buyer Information: Zoned R1-7000 SFR, per the City of Riverside (buyer to verify)
Buyers are encouraged to conduct due diligence on all matters, including but not limited to property and lot size, permit history, zoning, school assignments, property condition, and metering.
No blind offers, please.
This is a rare opportunity to invest in a growing area with plenty of potential!
Last Agent to Sell the Property
Transunited Realty Group Brokerage Phone: 7147157466 License #01890136 Listed on: 10/17/2024
Last Buyer's Agent
Transunited Realty Group Brokerage Phone: 7147157466 License #01890136 Listed on: 10/17/2024
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1949 | Remodeled
Lot Details
- 10,890 Sq Ft Lot
- No Common Walls
- Density is 2-5 Units/Acre
Parking
- 2 Car Garage
- Driveway
- On-Street Parking
Home Design
- Duplex
- Entry on the 1st floor
Interior Spaces
- 1,101 Sq Ft Home
- 1-Story Property
- Washer and Gas Dryer Hookup
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Bathrooms
Additional Features
- Exterior Lighting
- No Heating
Listing and Financial Details
- Legal Lot and Block 3 / 2
- Assessor Parcel Number 209080003
- $65 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 2 Units
Amenities
- Laundry Facilities
Building Details
- 1 Separate Electric Meter
- 2 Separate Gas Meters
- 1 Separate Water Meter
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
Listed on
Oct 17, 2024
Closed on
Dec 17, 2024
Sold by
Bought by
Seller's Agent
Robert Esparza
Transunited Realty Group
Buyer's Agent
Robert Esparza
Transunited Realty Group
List Price
$649,000
Sold Price
$635,000
Premium/Discount to List
-$14,000
-2.16%
Views
62
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$14,115
Avg. Annual Appreciation
-1.39%
Original Mortgage
$539,750
Outstanding Balance
$531,039
Interest Rate
6.79%
Mortgage Type
New Conventional
Estimated Equity
$89,846
Purchase Details
Listed on
Oct 17, 2024
Closed on
Dec 5, 2024
Sold by
Bought by
Seller's Agent
Robert Esparza
Transunited Realty Group
Buyer's Agent
Robert Esparza
Transunited Realty Group
List Price
$649,000
Sold Price
$635,000
Premium/Discount to List
-$14,000
-2.16%
Views
62
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$539,750
Outstanding Balance
$531,039
Interest Rate
6.79%
Mortgage Type
New Conventional
Estimated Equity
$89,846
Purchase Details
Listed on
Jan 15, 2024
Closed on
May 9, 2024
Sold by
Bought by
Seller's Agent
VINCE DEL NEGRO
RE/MAX CHAMPIONS
Buyer's Agent
Robert Esparza
Transunited Realty Group
List Price
$575,000
Sold Price
$540,000
Premium/Discount to List
-$35,000
-6.09%
Views
304
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
36.57%
Purchase Details
Closed on
Oct 15, 2014
Sold by
Bought by
Purchase Details
Closed on
Dec 29, 2006
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Downtown Riverside, CA
-
Michael Barragan
-
Christi Rainey Shellner
Christi Rainey Shellner
WESTCOE REALTORS INC
(951) 667-8985
43 Total Sales
6 in Downtown Riverside
$565K - $1M Price Range
-
CHEVY ALA
CHEVY ALA
HOMEQUEST REAL ESTATE
(626) 602-8465
18 Total Sales
1 in Downtown Riverside
$612,500 Price
-
Santiago Vega
Santiago Vega
BHHS CA Properties
(657) 385-3969
16 Total Sales
2 in Downtown Riverside
$425,000 Price Range
-
Jennifer Gamble
Jennifer Gamble
Tower Agency
(951) 666-7294
47 Total Sales
9 in Downtown Riverside
$405K - $955K Price Range
-
Hasaranga Ratnayake
Hasaranga Ratnayake
BEST PROPERTY MANAGEMENT & REA
(951) 877-5217
55 Total Sales
3 in Downtown Riverside
$428K - $530K Price Range
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 |
|---|---|---|---|
| -- | California Best Title | ||
| -- | California Best Title | ||
| $635,000 | California Best Title | ||
| $540,000 | Fidelity National Title | ||
| -- | None Available | ||
| -- | None Available |
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 |
|---|---|---|---|
| Open | $539,750 |
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 | Prior Sale |
|---|---|---|---|---|---|
| 12/23/2024 12/23/24 | Sold | $635,000 | -2.2% | $577 / Sq Ft | |
| 11/03/2024 11/03/24 | Pending | -- | -- | -- | |
| 10/17/2024 10/17/24 | For Sale | $649,000 | +20.2% | $589 / Sq Ft | |
| 06/18/2024 06/18/24 | Sold | $540,000 | -6.1% | $490 / Sq Ft | View Prior Sale |
| 04/29/2024 04/29/24 | Pending | -- | -- | -- | |
| 04/18/2024 04/18/24 | For Sale | $575,000 | 0.0% | $522 / Sq Ft | |
| 04/05/2024 04/05/24 | Pending | -- | -- | -- | |
| 03/24/2024 03/24/24 | Price Changed | $575,000 | 0.0% | $522 / Sq Ft | |
| 03/24/2024 03/24/24 | For Sale | $575,000 | +16.2% | $522 / Sq Ft | |
| 02/04/2024 02/04/24 | Pending | -- | -- | -- | |
| 01/15/2024 01/15/24 | For Sale | $495,000 | -- | $450 / 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 |
|---|---|---|---|---|
| 2026 | $7,111 | $647,700 | $194,310 | $453,390 |
| 2025 | $2,552 | $635,000 | $190,500 | $444,500 |
| 2023 | $2,552 | $229,669 | $62,628 | $167,041 |
| 2022 | $2,492 | $225,166 | $61,400 | $163,766 |
| 2021 | $2,467 | $220,752 | $60,197 | $160,555 |
| 2020 | $2,448 | $218,489 | $59,580 | $158,909 |
| 2019 | $2,401 | $214,206 | $58,412 | $155,794 |
| 2018 | $2,354 | $210,007 | $57,268 | $152,739 |
| 2017 | $2,311 | $205,891 | $56,146 | $149,745 |
| 2016 | $2,164 | $201,855 | $55,046 | $146,809 |
| 2015 | $2,147 | $198,824 | $54,220 | $144,604 |
| 2014 | $2,185 | $194,931 | $53,159 | $141,772 |
Source: Public Records
Agents Affiliated with this Home
-
Robert Esparza
Seller's Agent in 2024
Robert Esparza
Transunited Realty Group
(714) 715-7466
2 in this area
66 Total Sales
-
VINCE DEL NEGRO
Seller's Agent in 2024
VINCE DEL NEGRO
RE/MAX
(909) 224-5091
1 in this area
11 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW24207635
APN: 209-080-003
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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