NOT LISTED FOR SALE

Estimated Value: $467,000 - $539,000

2 Beds
1 Bath
850 Sq Ft
$595/Sq Ft Est. Value

Last Sold March 12, 2023

Last sale price $429,000 $505 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $3,041/month

17 Days on Market

Highlights

  • Detached Guest House
  • Mountain View
  • Granite Countertops
  • Updated Kitchen
  • Wood Flooring
  • No HOA

About This Home

As of March 2023

Incredible investment opportunity! This fully upgraded home features two bedrooms and one full bathroom. It has been updated with a large dining area, granite counters and appliances. It features a large living room that is open to the kitchen. It has a door out to the backyard patio from the largest bedroom. This property is equipped with a long driveway for extra parking. The backyard is perfect for entertaining and is filled with beautiful landscaping. All windows have been replaced with high-end double pane, plumbing has been replaced with all copper piping. A large upgraded air conditioning unit accompanies the main house. The detached garage has been converted into a large 350+/- Sqft studio with an updated kitchen, tile flooring and air conditioning. Completely upgraded and private, this studio allows for great additional rental income!
** Both units are occupied with month-to-month renters and showings must be flexible and scheduled through listing agent** Home is sold AS-IS.

This Riverside gem is very close to the elementary school, the Riverside Plaza, restaurants , movie theaters, grocery stores, and general shopping and the famous Mission Inn. It is close to the freeway and downtown businesses.

Last Agent to Sell the Property

Stephen Ruiz

Compass License #02153091 Listed on: 01/01/2023

Compass

Last Buyer's Agent

Carlos Alvarez

M POWER MORTGAGE INC. License #01490660

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1937 | Remodeled

Lot Details

  • 5,227 Sq Ft Lot
  • Wood Fence
  • Block Wall Fence
  • Chain Link Fence
  • Landscaped
  • Garden
  • Front Yard
  • Density is up to 1 Unit/Acre
  • Property is zoned RO

Home Design

  • Fire Rated Drywall
  • Composition Roof
  • Stucco

Interior Spaces

  • 850 Sq Ft Home
  • 1-Story Property
  • Double Pane Windows
  • Entryway
  • Family Room
  • Living Room
  • Dining Room
  • Mountain Views
  • Fire and Smoke Detector

Kitchen

  • Updated Kitchen
  • Gas Oven
  • Microwave
  • Granite Countertops

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Upgraded Bathroom
  • 1 Full Bathroom
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Laundry Located Outside

Parking

  • Parking Available
  • Driveway
  • Uncovered Parking

Accessible Home Design

  • No Interior Steps
  • Accessible Parking

Outdoor Features

  • Open Patio
  • Exterior Lighting
  • Porch

Additional Homes

  • Two Homes on a Lot
  • Detached Guest House

Schools

  • Magnolia Elementary School
  • Sierra Middle School

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 4
  • Tax Tract Number 225
  • Assessor Parcel Number 225021022
  • $66 per year additional tax assessments

Home Details

Home Type

Single Family

Year Built

Built in 1937 | Remodeled

Lot Details

0

Listing Details

  • Structure Type: House
  • Assessments: No
  • Property Attached: No
  • Road Frontage Type: City Street
  • Security: Smoke Detector(s)
  • View: Yes
  • Zoning: RO
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 225021022
  • Year Built: 1937
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 850.00 Square Feet
  • Interior Amenities: Granite Counters
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Tile, Wood
  • Accessibility Features: No Interior Steps, Parking, See Remarks
  • Appliances: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Eating Area: Dining Room
  • Levels: One
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 504.71
  • Room Type: All Bedrooms Down, Entry, Family Room, Living Room
  • Window Features: Double Pane Windows
  • Bathroom Features: Bathtub, Shower In Tub, Upgraded
  • Room Kitchen Features: Granite Counters, Remodeled Kitchen

Exterior Features

  • Patio: Yes
  • Other Structures: Guest House, Guest House Detached, Two On A Lot
  • View: Mountain(s)
  • Fence: Yes
  • Fencing: Block, Chain Link, Wood
  • Patio And Porch Features: Patio, Patio Open, Porch
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Drywall Walls, Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway, Asphalt, Uncovered

Utilities

  • Utilities: Cable Available, Cable Connected, Electricity Available, Electricity Connected, Sewer Available, Sewer Connected, Water Available, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven, Microwave
  • Electric: Standard
  • Heating Type: Central
  • Laundry Features: Outside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Storm Drains, Street Lights

Schools

  • Elementary School: Magnolia
  • Middle Or Junior School: Sierra
  • Elementary School #2: MAGNOL

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Front Yard, Garden, Landscaped
  • Lot Size Sq Ft: 5227.00
  • Lot Size Acres: 0.1200

Multi Family

  • Lease Considered: No
  • Lot Size Area: 5227.0000 Square Feet
  • Number Of Units Total: 2

Tax Info

  • Tax Census Tract: 311.00
  • Tax Lot: 4
  • Tax Tract Number: 225...
  • TaxOtherAnnualAssessmentAmount: 66.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 1, 2023
Closed on
Mar 7, 2023
Sold by
Degracia Rosa Maria Rosales
Bought by
Gracia Martin Alejandro
Seller's Agent
Stephen Ruiz
Compass
Buyer's Agent
Carlos Alvarez
M POWER MORTGAGE INC.
List Price
$429,000
Sold Price
$429,000
Views
78
Current Estimated Value
$506,020

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$77,020
Avg. Annual Appreciation
6.03%
Original Mortgage
$407,507
Outstanding Balance
$394,714
Interest Rate
6.13%
Mortgage Type
New Conventional
Estimated Equity
$111,306

Purchase Details

Listed on
Jan 1, 2023
Closed on
Feb 9, 2023
Sold by
Khalil Zareh
Bought by
Gracia Alexandra Alfredo and Gracia Martin Alejandro
Seller's Agent
Stephen Ruiz
Compass
Buyer's Agent
Carlos Alvarez
M POWER MORTGAGE INC.
List Price
$429,000
Sold Price
$429,000
Views
78

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$407,507
Outstanding Balance
$394,714
Interest Rate
6.13%
Mortgage Type
New Conventional
Estimated Equity
$111,306

Purchase Details

Closed on
Jul 19, 2022
Sold by
Zareh Kadjevich Fary
Bought by
Zareh Khalil

Purchase Details

Closed on
Apr 26, 2011
Sold by
Zareh Mohammad Ali
Bought by
Zareh Fary

Purchase Details

Closed on
Dec 8, 2008
Sold by
Gillis John T
Bought by
Zareh Mohammad Ali

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,450
Interest Rate
6.1%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Gracia Martin Alejandro -- First American Title
Gracia Alexandra Alfredo $429,000 First American Title
Zareh Khalil -- None Listed On Document
Zareh Fary $42,000 None Available
Zareh Mohammad Ali $114,000 Commonwealth
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gracia Martin Alejandro $407,507
Closed Gracia Alexandra Alfredo $407,507
Previous Owner Zareh Mohammad Ali $85,450
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/12/2023 03/12/23 Sold $429,000 0.0% $505 / Sq Ft
01/18/2023 01/18/23 Pending -- -- --
01/01/2023 01/01/23 For Sale $429,000 -- $505 / 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 $4,778 $446,331 $93,636 $352,695
2023 $4,778 $505,000 $127,000 $378,000
2022 $1,409 $120,712 $60,356 $60,356
2021 $1,405 $118,346 $59,173 $59,173
2020 $1,394 $117,134 $58,567 $58,567
2019 $1,369 $114,838 $57,419 $57,419
2018 $1,343 $112,588 $56,294 $56,294
2017 $1,320 $110,382 $55,191 $55,191
2016 $1,239 $108,218 $54,109 $54,109
2015 $1,221 $106,596 $53,298 $53,298
2014 $1,209 $104,510 $52,255 $52,255
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC23000052

California Regional Multiple Listing Service (CRMLS)

APN: 225-021-022