NOT LISTED FOR SALE

Estimated Value: $682,000 - $1,112,000

4 Beds
3 Baths
2,440 Sq Ft
$392/Sq Ft Est. Value

Last Sold August 13, 2024

Last sale price $1,150,000 $471 Per Sq Ft

Est. 17% decrease in value since last sale

Current estimated payment $5,216/month

67 Days on Market

Highlights

  • In Ground Pool
  • Open Floorplan
  • View of Hills
  • Primary Bedroom Suite
  • Midcentury Modern Architecture
  • Deck

About This Home

As of August 2024

Nestled in scenic Riverside; minutes from UCR in the University Hills neighborhood, this iconic post-and-beam residence, built in 1965 by architect Philip Esbensen for his family, stands as a beacon of mid-century modern design and architectural history. Known as the Philip Esbensen House, this property is a true Riverside city landmark (#126) of the west coast, showcasing the timeless principle that "Form Follows Function".

Spread across a generous 2,440 square feet of living area, this meticulously preserved and thoughtfully updated home features four bedrooms, three bathrooms, and a studio-style apartment on the lower level with its own kitchenette and separate entrance, effectively offering a fifth bedroom. The home’s unique design is tailored to fit its steep site, with a floor-plan that maximizes breathtaking western views while distinctly separating living spaces from private areas.

As you enter, the home welcomes you with floor-to-ceiling windows that bathe every room in natural light, highlighting the rich walnut cabinetry and sleek quartz countertops in the kitchen, equipped with high-end appliances like a Thermador range & hood and a built-in Thermador refrigerator. The living spaces boast slate tile and newer wood flooring, original walnut features with frosted glass inlays, and an effortless flow that invites serene living.

Each bedroom on the south side offers private access to the newly constructed custom pool and deck, creating a seamless indoor-outdoor living experience. Enhanced by an upgraded AC system, this home is not only a testament to historical elegance but also a haven of comfort.

The Philip Esbensen House is one of the last remaining exemplars of the mid-century modern post-and-beam style in the city, making it an unparalleled opportunity for those who appreciate purity of design and historical significance. This home has Mills Act which reduces property taxes up to 50% and will transfer to the next owners.

Last Agent to Sell the Property

Molly Silva-Gurrola

NEST REAL ESTATE Brokerage Phone: 951-313-7369 License #01360881 Listed on: 05/05/2024

NEST REAL ESTATE

Co-Listed By

CHRISTIAN GURROLA

NEST REAL ESTATE Brokerage Phone: 951-313-7369 License #02155669

Last Buyer's Agent

Charlotte McKenzie

COLDWELL BANKER REALTY License #01721257

COLDWELL BANKER REALTY

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1965

Lot Details

  • 0.33 Acre Lot
  • Density is up to 1 Unit/Acre
  • Property is zoned R1065

Parking

  • 2 Car Attached Garage
  • Parking Available

Home Design

  • Midcentury Modern Architecture
  • Entry on the 1st floor
  • Wood Siding

Interior Spaces

  • 2,440 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Sliding Doors
  • Entrance Foyer
  • Family Room with Fireplace
  • Living Room
  • Views of Hills
  • Finished Basement
  • Utility Basement

Kitchen

  • Gas Oven
  • Gas Range
  • Dishwasher
  • Quartz Countertops

Bedrooms and Bathrooms

  • 4 Bedrooms | 3 Main Level Bedrooms
  • Primary Bedroom on Main
  • Primary Bedroom Suite
  • 3 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Pool

  • In Ground Pool
  • Heated Spa
  • In Ground Spa

Outdoor Features

  • Deck
  • Patio
  • Exterior Lighting
  • Rear Porch

Location

  • Urban Location
  • Suburban Location

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 156
  • Assessor Parcel Number 258171011
  • $93 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association

Recreation

  • Bike Trail

Home Details

Home Type

Single Family

Year Built

Built in 1965

Lot Details

0

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: No
  • Inclusions: Fridge, Stove, Hood
  • Property Attached: No
  • View: Yes
  • Zoning: R1065
  • Architectural Style: Mid Century Modern
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 258171011
  • Year Built: 1965
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2440.00 Square Feet
  • Interior Amenities: Open Floorplan, Quartz Counters
  • Stories: 2
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Door Features: Sliding Doors
  • Entry Level: 1
  • Fireplace Features: Family Room
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 471.31
  • Room Type: Basement, Family Room, Foyer, Kitchen, Living Room, Main Floor Bedroom, Main Floor Primary Bedroom, Primary Bathroom, Primary Bedroom, Primary Suite
  • Spa Features: Heated, In Ground
  • Bathroom Features: Shower In Tub
  • Basement: Finished, Utility

Exterior Features

  • Patio: Yes
  • View: Hills
  • Patio And Porch Features: Deck, Rear Porch
  • Pool Features: Private, In Ground
  • Pool Private: Yes
  • Spa: Yes
  • Construction Materials: Wood Siding

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Oven, Gas Range
  • Heating Type: Central, Fireplace(s)
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Curbs, Storm Drains, Street Lights, Suburban, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 14375.00
  • Lot Size Acres: 0.3300
  • Latitude Manual: 33.97069400

Multi Family

  • Lease Considered: No
  • Lot Size Area: 14375.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 422.13
  • Tax Lot: 156
  • TaxOtherAnnualAssessmentAmount: 93.00

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 5, 2024
Closed on
Sep 6, 2024
Sold by
Kim Esther Eunsong and Kim Philip Hyosik
Bought by
Kim Philip Hyosik and Kim Esther Eunsong
Seller's Agent
Molly Silva-Gurrola
NEST REAL ESTATE
Buyer's Agent
Charlotte McKenzie
COLDWELL BANKER REALTY
List Price
$1,250,000
Sold Price
$1,150,000
Premium/Discount to List
-$100,000
-8%
Views
3066
Current Estimated Value
$955,459

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$194,541
Avg. Annual Appreciation
-12.48%
Original Mortgage
$105,199
Interest Rate
6.73%
Mortgage Type
Construction

Purchase Details

Listed on
May 5, 2024
Closed on
Jul 18, 2024
Sold by
Ramirez Edward and Tomlinson Neil
Bought by
Kim Esther Eunsong and Kim Philip Hyosik
Seller's Agent
Molly Silva-Gurrola
NEST REAL ESTATE
Buyer's Agent
Charlotte McKenzie
COLDWELL BANKER REALTY
List Price
$1,250,000
Sold Price
$1,150,000
Premium/Discount to List
-$100,000
-8%
Views
3066

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,199
Interest Rate
6.73%
Mortgage Type
Construction

Purchase Details

Listed on
May 27, 2014
Closed on
May 22, 2014
Sold by
Msc Development Inc
Bought by
Ramirez Edward and Tomlinson Neil
Seller's Agent
Donna Bohling
WESTCOE REALTORS INC
Buyer's Agent
SHARON ROBERTS
HOMEQUEST REAL ESTATE
List Price
$460,000
Sold Price
$455,000
Premium/Discount to List
-$5,000
-1.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.58%
Original Mortgage
$399,000
Interest Rate
4.17%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 31, 2013
Sold by
Depaulo Paulette S
Bought by
Msc Development Inc

Purchase Details

Closed on
Jun 28, 2013
Sold by
Shepard Edwin
Bought by
Shepard Edwin

Purchase Details

Closed on
May 13, 2004
Sold by
Shepard Edwin
Bought by
Shepard Edwin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,000
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 27, 2000
Sold by
Lynne Shepard Cheryl
Bought by
Shepard Edwin

Purchase Details

Closed on
Jan 5, 2000
Sold by
Lynne Shepard Cheryl
Bought by
Shepard Edwin

Purchase Details

Closed on
Apr 12, 1999
Sold by
Lynne Shepard Cheryl
Bought by
Shepard Edwin
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
Kim Philip Hyosik -- None Listed On Document
Kim Esther Eunsong $1,150,000 Wfg National Title
Ramirez Edward $435,000 Fntic
Msc Development Inc $290,000 Fntic-Ie
Shepard Edwin -- None Available
Shepard Edwin -- Chicago Title Co
Shepard Edwin -- --
Shepard Edwin -- --
Shepard Edwin -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Kim Philip Hyosik $105,199
Previous Owner Kim Esther Eunsong $525,000
Previous Owner Ramirez Edward $399,000
Previous Owner Shepard Edwin $232,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/13/2024 08/13/24 Sold $1,150,000 -8.0% $471 / Sq Ft
07/12/2024 07/12/24 Pending -- -- --
05/05/2024 05/05/24 For Sale $1,250,000 +174.7% $512 / Sq Ft
06/27/2014 06/27/14 Sold $455,000 -1.1% $186 / Sq Ft View Prior Sale
05/28/2014 05/28/14 Pending -- -- --
05/27/2014 05/27/14 For Sale $460,000 -- $189 / 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 $2,697 $241,120 $80,000 $161,120
2023 $2,697 $235,240 $60,000 $175,240
2022 $3,026 $263,749 $50,000 $213,749
2021 $2,688 $231,080 $50,000 $181,080
2020 $2,433 $207,718 $50,000 $157,718
2019 $2,343 $199,647 $50,000 $149,647
2018 $2,185 $186,000 $50,000 $136,000
2017 $2,121 $180,000 $50,000 $130,000
2016 $1,887 $167,000 $50,000 $117,000
2015 $1,884 $166,960 $41,740 $125,220
2014 $4,187 $380,000 $80,000 $300,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV24087585

California Regional Multiple Listing Service (CRMLS)

APN: 258-171-011