NOT LISTED FOR SALE

3701 Mintern St Unit 2 Riverside, CA 92509

Estimated Value: $546,000 - $628,000

3 Beds
2 Baths
1,850 Sq Ft
$316/Sq Ft Est. Value

Last Sold August 30, 2021

Last sale price $500,000 $270 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $3,577/month

105 Days on Market

Highlights

  • Private Yard
  • Central Heating and Cooling System
  • 1-Story Property
  • Laundry Room

About This Home

As of August 2021

DO NOT GO ON PROPPERTY OR DISTURB TENANTS! This property features 2 permitted units - a 2 bedroom 1 bathroom unit a 1 bedroom 1 bathroom unit, both already leased for you! The 2 bedroom unit was recently updated with paint and flooring within the past 2 years and has inside laundry. The 1 bedroom unit has been completely remodeled with a new kitchen, bathroom, cabinets, flooring, paint. Two car carport - see agent remarks.

Last Agent to Sell the Property

Dale Beaver

First Choice Real Estate & Loa License #01319972 Listed on: 03/02/2021

Last Buyer's Agent

Joseph Finkelstein

Buckingham Investments, Inc License #02119882

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,726

Year Built

  • Built in 1937

Lot Details

  • 7,841 Sq Ft Lot
  • Two or More Common Walls
  • Private Yard
  • Density is up to 1 Unit/Acre

Home Design

  • Property Attached

Interior Spaces

  • 1,850 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Parking

  • 2 Parking Spaces
  • 2 Carport Spaces
  • Parking Available

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for all utilities
  • Legal Lot and Block 18 / A
  • Tax Tract Number 15086
  • Assessor Parcel Number 179201006

Community Details

Overview

  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Gross Income $35,940
  • Net Operating Income $35,940

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,726

Year Built

Built in 1937

Lot Details

0

Listing Details

  • Assessments: Yes
  • Other Phone Description: Dale Beaver
  • Other Phone Number: 909-239-7144
  • Property Attached: Yes
  • Zoning: R-2
  • Property Type: Residential Income
  • Parcel Number: 179201006
  • Year Built: 1937
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Levels: One
  • Price Per Square Foot: 270.27

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 2.00
  • Parking: Yes
  • Parking Features: Carport
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Yard
  • Lot Size Sq Ft: 7841.00
  • Lot Size Acres: 0.1800

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Income: 35940.00
  • Gross Scheduled Income: 35940.00
  • Lot Size Area: 7841.0000 Square Feet
  • Net Operating Income: 35940.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Rent Control: No
  • Total Actual Rent: 2995.00

Tax Info

  • Tax Block: A
  • Tax Census Tract: 402.04
  • Tax Lot: 18
  • Tax Tract Number: 015086

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 2, 2021
Closed on
Aug 18, 2021
Sold by
Wang Hao
Bought by
Chiang Eric
Seller's Agent
Dale Beaver
First Choice Real Estate & Loa
Buyer's Agent
Joseph Finkelstein
Buckingham Investments, Inc
List Price
$495,000
Sold Price
$500,000
Premium/Discount to List
$5,000
1.01%
Current Estimated Value
$584,643

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$84,643
Avg. Annual Appreciation
3.87%
Original Mortgage
$490,943
Outstanding Balance
$445,747
Interest Rate
2.8%
Mortgage Type
FHA
Estimated Equity
$138,896

Purchase Details

Closed on
Jul 16, 2009
Sold by
Fannie Mae
Bought by
Wang Hao

Purchase Details

Closed on
Jul 1, 2009
Sold by
Au Le Boi
Bought by
Wang Hao

Purchase Details

Closed on
Oct 6, 2008
Sold by
Michel Silvia
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Nov 3, 2005
Sold by
Michel Laura
Bought by
Michel Silvia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$194,372
Interest Rate
5.93%
Mortgage Type
FHA

Purchase Details

Closed on
May 25, 2001
Sold by
Hud
Bought by
Michel Laura

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$86,278
Interest Rate
7.24%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 22, 2001
Sold by
Pnc Mtg Corp Of America
Bought by
Hud

Purchase Details

Closed on
Dec 4, 2000
Sold by
Tiznado Aurora
Bought by
Pnc Mtg Corp Of America

Purchase Details

Closed on
May 5, 1997
Sold by
First Bank National Bank
Bought by
Tiznado Aurora

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,041
Interest Rate
7.94%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 16, 1996
Sold by
Buenrostro Salvador and Buenrostro Ana Bertha
Bought by
American Svgs Bank Fa
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
Chiang Eric $500,000 First American Title Company
Wang Hao $132,000 Lawyers Title Sd
Wang Hao -- Lawyers Title Sd
Federal National Mortgage Association $261,499 Accommodation
Michel Silvia $230,000 Security Union Title
Michel Laura $87,000 First American Title Co
Hud -- First American Title Ins Co
Pnc Mtg Corp Of America $79,517 First American Title Ins Co
Tiznado Aurora $35,000 Investors Title Company
American Svgs Bank Fa $111,537 Orange Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chiang Eric $490,943
Previous Owner Michel Silvia $194,372
Previous Owner Michel Laura $86,278
Previous Owner Tiznado Aurora $70,041
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/30/2021 08/30/21 Sold $500,000 +1.0% $270 / Sq Ft
06/15/2021 06/15/21 Pending -- -- --
03/02/2021 03/02/21 For Sale $495,000 -- $268 / 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 $5,726 $530,603 $79,590 $451,013
2023 $5,726 $510,000 $76,500 $433,500
2022 $5,613 $500,000 $75,000 $425,000
2021 $1,854 $157,129 $59,619 $97,510
2020 $1,836 $155,519 $59,008 $96,511
2019 $1,799 $152,470 $57,851 $94,619
2018 $1,742 $149,481 $56,717 $92,764
2017 $1,723 $146,551 $55,605 $90,946
2016 $1,700 $143,678 $54,515 $89,163
2015 $1,677 $141,523 $53,698 $87,825
2014 $1,565 $138,753 $52,648 $86,105
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IG21043660

California Regional Multiple Listing Service (CRMLS)

APN: 179-201-006