NOT LISTED FOR SALE

Estimated Value: $486,000 - $616,000

2 Beds
2 Baths
1,190 Sq Ft
$473/Sq Ft Est. Value

Last Sold October 16, 2017

Last sale price $274,000 $230 Per Sq Ft

Est. 106% increase in value since last sale

Current estimated payment $3,259/month

91 Days on Market

Highlights

  • No Heating
  • Polytechnic High School Rated A-
  • Front Yard

About This Home

As of October 2017

This lovely 2 unit is located very close to downtown Riverside , just a short walk to the convention center and the wonderful Mission Inn. Each unit consists of 1 bedroom and 1 full bath. There are laundry hook ups in both units.

Last Agent to Sell the Property

William Morris

Innovate Realty, Inc. License #01516271 Listed on: 05/05/2017

Last Buyer's Agent

Claudia Arriola

RE/MAX Dynasty License #01513249

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,408

Year Built

  • Built in 1955

Lot Details

  • 3,485 Sq Ft Lot
  • 1 Common Wall
  • Front Yard

Home Design

  • 1,190 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces

Utilities

  • No Heating

Listing and Financial Details

  • Tax Lot 11
  • Tax Tract Number 302
  • Assessor Parcel Number 214042007

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $600
  • Trash Expense $1,200
  • New Taxes Expense $2,799
  • Operating Expense $4,599
  • Gross Income $18,000
  • Net Operating Income $10,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,408

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Zoning: R1065
  • Property Type: Residential Income
  • Parcel Number: 214042007
  • Year Built: 1955
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 230.25

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 2.00
  • Uncovered Spaces: 2.00

Utilities

  • Heating: No
  • Sewer: Public Sewer
  • Trash Expense: 1200.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 3485.00

Multi Family

  • Gross Income: 18000.00
  • Gross Scheduled Income: 18000.00
  • Insurance Expense: 600.00
  • Net Operating Income: 10500.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 7500.00
  • Rent Control: No
  • Total Expenses: 4599.00

Tax Info

  • New Taxes Expense: 2799.00
  • Tax Census Tract: 302.00
  • Tax Lot: 11
  • Tax Tract Number: 302

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 5, 2017
Closed on
Aug 17, 2017
Sold by
Mtglq Investors Lp
Bought by
Medina Raquel
Seller's Agent
William Morris
Innovate Realty, Inc.
Buyer's Agent
Claudia Arriola
RE/MAX Dynasty
List Price
$279,900
Sold Price
$274,000
Premium/Discount to List
-$5,900
-2.11%
Current Estimated Value
$563,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$289,333
Avg. Annual Appreciation
9.36%
Original Mortgage
$269,037
Interest Rate
3.82%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 6, 2016
Sold by
Ross Scott
Bought by
Mtglq Investors Lp

Purchase Details

Closed on
Apr 5, 2004
Sold by
Cdl Developers
Bought by
Ross Scott

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$212,000
Interest Rate
5.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 31, 2003
Sold by
Hamen Gene C and Hamen Mary Ann
Bought by
Distelrath John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$154,800
Interest Rate
5.86%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 12, 1998
Sold by
Hamen Gene C
Bought by
Hamen Gene C and Hamen Mary Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$56,250
Interest Rate
8.99%
Mortgage Type
Commercial
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
Medina Raquel $274,000 Servicelink
Mtglq Investors Lp $231,477 First American Title
Ross Scott -- Chicago Title Co
Cdl Developers -- Chicago Title Co
Distelrath John -- Chicago Title Co
Hamen Gene C -- American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Medina Raquel $269,037
Previous Owner Ross Scott $212,000
Previous Owner Distelrath John $154,800
Previous Owner Hamen Gene C $56,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/16/2017 10/16/17 Sold $274,000 +0.9% $230 / Sq Ft
08/04/2017 08/04/17 Pending -- -- --
06/21/2017 06/21/17 Price Changed $271,500 -3.0% $228 / Sq Ft
05/05/2017 05/05/17 For Sale $279,900 -- $235 / 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 $3,408 $311,760 $68,267 $243,493
2023 $3,408 $299,656 $65,617 $234,039
2022 $3,331 $293,781 $64,331 $229,450
2021 $3,294 $288,021 $63,070 $224,951
2020 $3,269 $285,069 $62,424 $222,645
2019 $3,208 $279,480 $61,200 $218,280
2018 $3,146 $274,000 $60,000 $214,000
2017 $3,718 $324,625 $48,995 $275,630
2016 $3,480 $318,261 $48,035 $270,226
2015 $3,430 $313,482 $47,314 $266,168
2014 $3,398 $307,343 $46,388 $260,955
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC17099209

California Regional Multiple Listing Service (CRMLS)

APN: 214-042-007