NOT LISTED FOR SALE

Estimated Value: $551,182 - $803,000

2 Beds
2 Baths
1,344 Sq Ft
$473/Sq Ft Est. Value

Last Sold December 15, 2017

Last sale price $364,000 $271 Per Sq Ft

Est. 75% increase in value since last sale

Current estimated payment $3,705/month

20 Days on Market

Highlights

  • Contemporary Architecture
  • Private Yard
  • Neighborhood Views
  • Corner Lot
  • No HOA
  • 4-minute walk to White Park

About This Home

As of December 2017

Immaculate mid-century duplex on a large corner lot. Both 1 bedroom 1 bath units feature original tile in excellent condition, Large living-room and kitchen with eating area. Each unit has it's own garage with laundry hookups inside. Large back yard with shared patio and a nice fenced side yard add to the privacy of these units. Only common wall is in the garage area. Located within walking distance of Riversides thriving downtown area with lots of charming shops and restaurants and theaters. Great long term tenants in place. Never had a unit vacant for more than a week in the last 5 years. Buy and live in one and rent the other, or bring your pickiest investor buyer today!!
This one won't last!

Last Agent to Sell the Property

Denise Tomlinson

MISSION PROPERTY License #00919628 Listed on: 10/24/2017

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1953

Lot Details

  • 3,049 Sq Ft Lot
  • 1 Common Wall
  • Corner Lot
  • Sprinkler System
  • Private Yard
  • Back and Front Yard

Parking

  • 2 Car Garage
  • 2 Open Parking Spaces
  • Parking Available
  • Front Facing Garage
  • Side by Side Parking
  • Single Garage Door
  • Driveway

Home Design

  • Duplex
  • Contemporary Architecture
  • Raised Foundation
  • Frame Construction
  • Shingle Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 1,344 Sq Ft Home
  • 1-Story Property
  • Wood Frame Window
  • Neighborhood Views

Kitchen

  • Gas Cooktop
  • Tile Countertops

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • All Upper Level Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Washer and Gas Dryer Hookup

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Suburban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas
  • Wall Furnace
  • Natural Gas Connected
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, telephone, trash collection
  • Tax Lot 1
  • Tax Tract Number 9
  • Assessor Parcel Number 214301007

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $900
  • Professional Management Expense $840
  • Water Sewer Expense $350
  • New Taxes Expense $2,967
  • Operating Expense $5,182
  • Gross Income $20,700
  • Net Operating Income $15,518

Property Details

Home Type

Multi-Family

Year Built

Built in 1953

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Inclusions: 2 stoves, window ac units, 1 refrigerator
  • Professional Management Expense: 840.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: Yes
  • Water Sewer Expenses: 350.00
  • Zoning: R1065
  • Architectural Style: Contemporary
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 214301007
  • Year Built: 1953
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Tile Counters
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Vinyl
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 270.83
  • Room Type: All Bedrooms Up, Main Floor Bedroom
  • Window Features: Wood Frames

Exterior Features

  • Foundation: Raised
  • View: Neighborhood
  • Pool Private: No
  • Roof: Composition, Shingle
  • Construction Materials: Frame, Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway, Garage, Garage Faces Front, Garage - Single Door, Side by Side
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Cooktop, Gas Water Heater, Refrigerator
  • Heating Type: Wall Furnace, Natural Gas
  • Laundry Features: Gas Dryer Hookup, In Garage, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s), Electric
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Corner Lot, Front Yard, Sprinkler System, Yard
  • Lot Size Sq Ft: 3049.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Telephone, Trash Collection

Multi Family

  • Average1 Bed Area: 675 Square Feet
  • Gross Income: 20700.00
  • Gross Operating Income: 20700.00
  • Gross Scheduled Income: 20700.00
  • Insurance Expense: 900.00
  • Net Operating Income: 15518.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number With Carpet: 2
  • Number With Patio: 2
  • Number With Range: 2
  • Number With Refrigerator: 1
  • Operating Expense: 5182.00
  • Rent Control: No
  • Total Expenses: 5182.00
  • Vacancy Allowance Rate: 1.00

Tax Info

  • New Taxes Expense: 2967.00
  • Tax Census Tract: 302.00
  • Tax Lot: 1
  • Tax Tract Number: 9

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 24, 2017
Closed on
Jan 9, 2018
Sold by
Sorrell Paul A and Sorrell Linda
Bought by
Sorrell Paul A and Sorrell Linda
Seller's Agent
Denise Tomlinson
MISSION PROPERTY
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$370,000
Sold Price
$364,000
Premium/Discount to List
-$6,000
-1.62%
Current Estimated Value
$635,546

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$271,546
Avg. Annual Appreciation
7.18%
Original Mortgage
$172,000
Outstanding Balance
$144,469
Interest Rate
3.94%
Mortgage Type
New Conventional
Estimated Equity
$491,077

Purchase Details

Listed on
Oct 24, 2017
Closed on
Nov 15, 2017
Sold by
Schnabel Clarissa M and Schnabel Robert H
Bought by
Sorrell Paul and Sorrell Linda
Seller's Agent
Denise Tomlinson
MISSION PROPERTY
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$370,000
Sold Price
$364,000
Premium/Discount to List
-$6,000
-1.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,000
Outstanding Balance
$144,469
Interest Rate
3.94%
Mortgage Type
New Conventional
Estimated Equity
$491,077

Purchase Details

Closed on
Mar 15, 2013
Sold by
Schnabel Robert H and Schnabel Clarissa M
Bought by
Schnabel Clarissa M and Schnabel Robert H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$158,000
Interest Rate
3.12%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 20, 2003
Sold by
Potter Donald S
Bought by
Schnabel Robert and Schnabel Clarissa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
4%
Mortgage Type
Commercial

Purchase Details

Closed on
May 9, 2001
Sold by
Walton William F
Bought by
Potter Donald S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,200
Interest Rate
7.26%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Sorrell Paul A -- First American Title
Sorrell Paul $364,000 First American Title
Schnabel Clarissa M -- Chicago Title Inland Empire
Schnabel Robert $450,000 Fidelity Natl Title Ins Co
Potter Donald S $95,000 Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sorrell Paul $172,000
Previous Owner Schnabel Clarissa M $158,000
Previous Owner Schnabel Robert $180,000
Previous Owner Potter Donald S $101,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/15/2017 12/15/17 Sold $364,000 -1.6% $271 / Sq Ft
11/13/2017 11/13/17 Pending -- -- --
10/24/2017 10/24/17 For Sale $370,000 -- $275 / 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 $4,507 $414,164 $91,023 $323,141
2023 $4,507 $398,084 $87,490 $310,594
2022 $4,405 $390,279 $85,775 $304,504
2021 $4,349 $382,628 $84,094 $298,534
2020 $4,317 $378,705 $83,232 $295,473
2019 $4,236 $371,280 $81,600 $289,680
2018 $4,153 $364,000 $80,000 $284,000
2017 $3,170 $275,624 $67,369 $208,255
2016 $2,967 $270,221 $66,049 $204,172
2015 $2,925 $266,164 $65,058 $201,106
2014 $2,898 $260,952 $63,785 $197,167
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV17244139

California Regional Multiple Listing Service (CRMLS)

APN: 214-301-007