Seller's Agent in 2016
Michael-Edward Moretti
Mike Moretti, Broker
(949) 342-6229
3 Total Sales
4250 Park Ave Riverside, CA 92507
Eastside NeighborhoodEstimated Value: $464,000 - $794,000
3
Beds
2
Baths
1,336
Sq Ft
$448/Sq Ft
Est. Value
Highlights
- Property is near park and public transit
- High Ceiling
- No HOA
- Park or Greenbelt View
- Granite Countertops
- 1-minute walk to Lincoln Park
About This Home
As of May 2016All new 2 units on 1 lot with garage and storage. Completely remodeled floor to ceiling. Yellow house (4250) has 2 bedrooms and 1 bath. Beautiful new kitchen and large living area. New cabinets, granite, lighting, tub, toilets, bath cabinet, and newly tiled custom shower surround. New tile and carpet floors. Large laundry room with hook-ups. Porches front and back. Stucco house (4244) is a large 1 bedroom and 1 full bath, all new kitchen, granite and all new bath with laundry room and hook-ups. Ideal rental as all utilities are completely separate for each house - 2 water, gas, & electrical meters. Pro-forma rents of 1100 and 900 respectively, or live one and rent the other to pay your mortgage. Gated parking area with 3 off-street parking spots. Landscaped and ready for move in.
4244 = 650 approx sf
4250 = 760 approx sf
Last Agent to Sell the Property
Mike Moretti, Broker License #01758933 Listed on: 02/29/2016
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1905 | Remodeled
Lot Details
- 3,920 Sq Ft Lot
- Property fronts an alley
- No Common Walls
- Wrought Iron Fence
- Wood Fence
- Block Wall Fence
- Chain Link Fence
- New Fence
- Rectangular Lot
- Level Lot
- Sprinklers on Timer
- Front Yard
Parking
- 1 Car Garage
- Parking Available
- Shared Driveway
Home Design
- Entry on the 1st floor
- Turnkey
- Pillar, Post or Pier Foundation
- Slab Foundation
- Fire Rated Drywall
- Redwood Siding
- Partial Copper Plumbing
Interior Spaces
- 1,336 Sq Ft Home
- 1-Story Property
- High Ceiling
- Ceiling Fan
- Track Lighting
- Double Pane Windows
- Low Emissivity Windows
- Drapes & Rods
- Blinds
- Storage
- Park or Greenbelt Views
Kitchen
- Gas Oven
- Gas Cooktop
- Range Hood
- Microwave
- Granite Countertops
Flooring
- Carpet
- Tile
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
Home Security
- Security Lights
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Outdoor Features
- Exterior Lighting
- Outdoor Storage
Location
- Property is near park and public transit
- Urban Location
- Suburban Location
Utilities
- No Heating
- Overhead Utilities
- Gas Water Heater
- Central Water Heater
Additional Features
- Accessible Parking
- Two Homes on a Lot
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas, trash collection, water
- Tax Lot 7&8
- Tax Tract Number 6
- Assessor Parcel Number 211232007
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
- Insurance Expense $1,200
- New Taxes Expense $3,700
- Gross Income $2,000
- Net Operating Income $19,100
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jan 26, 2016
Sold by
Equity Trust Company
Bought by
Escobar Zayron E and Jimenez Escobar Evangelina B
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$298,493
Interest Rate
3.58%
Mortgage Type
FHA
Purchase Details
Closed on
Feb 4, 2014
Sold by
Arce Camilla
Bought by
Equity Trust Company
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Escobar Zayron E | $304,000 | Fatco | |
| Equity Trust Company | $91,400 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Escobar Zayron E | $298,493 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/27/2016 05/27/16 | Sold | $304,000 | +1.7% | $228 / Sq Ft |
| 04/15/2016 04/15/16 | Pending | -- | -- | -- |
| 01/04/2016 01/04/16 | For Sale | $299,000 | -- | $224 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $3,875 | $359,865 | $106,537 | $253,328 |
| 2023 | $3,875 | $345,893 | $102,401 | $243,492 |
| 2022 | $3,785 | $339,112 | $100,394 | $238,718 |
| 2021 | $3,739 | $332,464 | $98,426 | $234,038 |
| 2020 | $3,710 | $329,056 | $97,417 | $231,639 |
| 2019 | $3,640 | $322,605 | $95,507 | $227,098 |
| 2018 | $3,568 | $316,281 | $93,636 | $222,645 |
| 2017 | $3,504 | $310,080 | $91,800 | $218,280 |
| 2016 | $1,767 | $155,326 | $62,130 | $93,196 |
| 2015 | $1,742 | $152,996 | $61,198 | $91,798 |
| 2014 | $257 | $20,413 | $8,766 | $11,647 |
Source: Public Records
Agents Affiliated with this Home
-
Michael-Edward Moretti
-
Maria A Riggs
Buyer's Agent in 2016
Maria A Riggs
Realty One Group United
(562) 485-1586
28 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC16000947
APN: 211-232-007
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