NOT LISTED FOR SALE

415 Transit Ave Riverside, CA 92507

Highgrove Neighborhood

Estimated Value: $486,000 - $719,000

4 Beds
2 Baths
1,652 Sq Ft
$355/Sq Ft Est. Value

Last Sold July 19, 2021

Last sale price $440,000 $266 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $3,403/month

31 Days on Market

Highlights

  • No HOA
  • Wall Furnace
  • 1-Story Property
  • Laundry Room

About This Home

As of July 2021

415 AND 421 TRANSIT AVE ON TWO PARCELS 247-111-010 AND 247-111-014 COUNTY RECORD SHOWS A ADDRESS OF 435 TRANSIT AVE WAS ON THE VACANT AREA NEXT TO 421 TRANSIT AVE WHICH WAS LOST IN A FIRE MANY YEARS AGO.BOTH HOMES ARE TWO BEDROOM ONE BATHROOM AND BOTH ARE APROX 826 SQ FT.TOTAL LOT APROX 89X185 AND ROOM TO ADD ANOTHER UNIT ON.LOW RENTS ARE NOW AT $725 MONTHLY.LOT APROX 87X185

Last Agent to Sell the Property

Ed Garland

Century 21 Garland License #00592455 Listed on: 04/16/2021

Century 21 Garland

Co-Listed By

Robert Garland

Century 21 Garland License #0279737

Last Buyer's Agent

Ed Garland

Century 21 Garland License #00592455 Listed on: 04/16/2021

Century 21 Garland

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 0.37 Acre Lot
  • No Common Walls
  • Rural Setting
  • 247111014

Parking

  • 2 Car Garage

Home Design

  • Duplex

Interior Spaces

  • 1,652 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Utilities

  • Wall Furnace
  • Conventional Septic

Listing and Financial Details

  • Legal Lot and Block D / D
  • Assessor Parcel Number 247111010

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • View: No
  • Zoning: M-SC
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 247111010
  • Year Built: 1960
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 266.34
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: In Garage
  • Sewer: Conventional Septic
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Rural

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 247111014
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 16000.00
  • Lot Size Acres: 0.3673

Multi Family

  • Lot Size Area: 16000.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Rent Control: No

Tax Info

  • Tax Block: D
  • Tax Census Tract: 423.00
  • Tax Lot: D
  • Tax Tract Number: 00000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 16, 2021
Closed on
Jun 10, 2021
Sold by
Collins Michael
Bought by
Global Real Estate Investment Team Llc
Seller's Agent
Ed Garland
Century 21 Garland
Buyer's Agent
Ed Garland
Century 21 Garland
List Price
$495,000
Sold Price
$440,000
Premium/Discount to List
-$55,000
-11.11%
Current Estimated Value
$585,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$145,667
Avg. Annual Appreciation
6.61%
Original Mortgage
$450,000
Outstanding Balance
$405,640
Interest Rate
2.9%
Mortgage Type
Commercial
Estimated Equity
$180,027

Purchase Details

Closed on
Feb 14, 2020
Sold by
Riverside County Trans Commission
Bought by
Collins Michael

Purchase Details

Closed on
Apr 5, 1994
Sold by
Collins Pamela K
Bought by
Collins Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,500
Interest Rate
9.99%
Mortgage Type
Commercial
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 Buyer Sale Price Title Company
Global Real Estate Investment Team Llc $440,000 First American Title Company
Collins Michael $1,750 None Available
Collins Michael -- Union Land Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Global Real Estate Investment Team Llc $450,000
Previous Owner Collins Michael $76,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/19/2021 07/19/21 Sold $440,000 -2.2% $266 / Sq Ft
04/26/2021 04/26/21 Price Changed $450,000 -9.1% $272 / Sq Ft
04/20/2021 04/20/21 For Sale $495,000 +12.5% $300 / Sq Ft
04/16/2021 04/16/21 Off Market $440,000 -- --
04/16/2021 04/16/21 For Sale $495,000 -- $300 / 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 $4,127 $371,422 $106,120 $265,302
2023 $4,127 $357,000 $102,000 $255,000
2022 $1,208 $96,288 $14,056 $82,232
2021 $1,187 $94,401 $13,781 $80,620
2020 $1,179 $93,434 $13,640 $79,794
2019 $1,159 $91,603 $13,373 $78,230
2018 $1,139 $89,808 $13,111 $76,697
2017 $1,121 $88,048 $12,854 $75,194
2016 $1,056 $86,322 $12,602 $73,720
2015 $1,044 $85,026 $12,413 $72,613
2014 $1,035 $83,363 $12,171 $71,192
Source: Public Records

Agents Affiliated with this Home

  • Ed Garland

    Seller's Agent in 2021

    Ed Garland

    Century 21 Garland

    (951) 315-8493

    1 in this area

    102 Total Sales

    Ed Garland
    Section Image

  • R

    Seller Co-Listing Agent in 2021

    Robert Garland

    Century 21 Garland

    (951) 642-3089

    1 in this area

    13 Total Sales

    Robert Garland
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IG21078544

California Regional Multiple Listing Service (CRMLS)

APN: 247-111-010

California Riverside County Riverside 92507 Highgrove

415 Transit Ave, Riverside, CA

Not Listed for Sale

MultiFamily

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