NOT LISTED FOR SALE

Estimated Value: $637,000 - $922,201

3 Beds
3 Baths
1,754 Sq Ft
$431/Sq Ft Est. Value

Last Sold September 21, 2012

Last sale price $310,000 $177 Per Sq Ft

Est. 145% increase in value since last sale

Current estimated payment $4,500/month

23 Days on Market

Highlights

  • Tile Countertops
  • Storage
  • Carpet
  • Polytechnic High School Rated A-
  • Wood Siding
  • No Heating

About This Home

As of September 2012

Fourplex!!! Great investment in a great area downtown Riverside. All untis are in great condition. Roof replaced on multiple units. Seller will provide roof certification and termite clearance. Fresh outside paint throughout property. Front house: 2bed 1bath, new kitchen shows well, tenant on a 2 yr lease. Studio: 1bed 1bath full remodeled. Small cottage: totally remodeled 1bed 1bath enclosed patio tenant on a 1 yr lease. Large Cottage 1bed 1bath totally remodeled washer/dryer hook up enclosed backyard, central air, basement storage. Plenty of parking for all tenants. Check with the city for permits. Property will sell AS IS. PLEASE DO NOT DISTURB TENANTS - DRIVE BY ONLY.

Last Agent to Sell the Property

Angela Soto

RE/MAX TerraSol License #01421270 Listed on: 07/23/2012

RE/MAX TerraSol

Last Buyer's Agent

Joni Gramstad

Circa Properties, Inc. License #01324978

Circa Properties, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,084

Year Built

  • Built in 1925 | Remodeled

Lot Details

  • 6,970

Home Design

  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,754 Sq Ft Home
  • Fireplace Features Masonry
  • Storage
  • Carpet

Kitchen

  • Gas Oven or Range
  • Range
  • Dishwasher
  • Tile Countertops

Additional Features

  • 6,970 Sq Ft Lot
  • No Heating

Listing and Financial Details

  • Tax Lot 36
  • Assessor Parcel Number 217182009

Community Details

Overview

  • 3 Buildings
  • 4 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,084

Year Built

Built in 1925 | Remodeled

Lot Details

0

Listing Details

  • Assessments: No
  • View: No
  • Property Condition: Updated/Remodeled
  • Property Type: Residential Income
  • Parcel Number: 217182009
  • Year Built: 1925
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Storage, Tile Counters
  • Flooring: Carpet
  • Appliances: No
  • Fireplace Features: Masonry
  • Levels: One
  • Price Per Square Foot: 176.74

Exterior Features

  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Wood Siding

Garage/Parking

  • Parking: No

Utilities

  • Heating: No
  • Laundry: No
  • Appliances: Dishwasher, Gas Cooking, Range
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 6970.00
  • Lot Size Acres: 0.1600

Multi Family

  • Gross Multiplier: 8.04
  • Gross Scheduled Income: 37200.00
  • Lot Size Area: 6970.0000 Square Feet
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Number Wall A C: 3
  • Number With Carpet: 4
  • Number With Dishwasher: 1
  • Number With Disposal: 4

Tax Info

  • Tax Area: 9000
  • Tax Lot: 36

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 23, 2012
Closed on
Aug 22, 2012
Sold by
Solano Tina
Bought by
Valadez Ingnacio
Seller's Agent
Angela Soto
RE/MAX TerraSol
Buyer's Agent
Joni Gramstad
Circa Properties, Inc.
List Price
$299,000
Sold Price
$310,000
Premium/Discount to List
$11,000
3.68%
Current Estimated Value
$759,699

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$449,699
Avg. Annual Appreciation
7.24%
Original Mortgage
$304,385
Interest Rate
3.55%
Mortgage Type
FHA

Purchase Details

Listed on
Apr 10, 2012
Closed on
May 10, 2012
Sold by
Terra Funding Llc
Bought by
Solano Tina C
Seller's Agent
Mike Ludecke
Century 21 Ludecke Inc.
Buyer's Agent
Mike Ludecke
Century 21 Ludecke Inc.
List Price
$169,000
Sold Price
$169,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
495.56%

Purchase Details

Listed on
Apr 10, 2012
Closed on
Apr 6, 2012
Sold by
Elliott John Paul
Bought by
Terra Funding Llc
Seller's Agent
Mike Ludecke
Century 21 Ludecke Inc.
Buyer's Agent
Mike Ludecke
Century 21 Ludecke Inc.
List Price
$169,000
Sold Price
$169,000

Purchase Details

Closed on
Mar 16, 2000
Sold by
Elliott Kim
Bought by
Elliott John Paul

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$71,000
Interest Rate
8.34%
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
Valadez Ingnacio $310,000 Lawyers Title
Solano Tina C $169,000 Fatcola
Solano Tina C -- Fatcola
Terra Funding Llc $211,409 Accommodation
Elliott John Paul -- United Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Valadez Ignacio $268,000
Closed Valadez Ignacio $19,173
Closed Valadez Ingnacio $304,385
Previous Owner Elliott John Paul $175,000
Previous Owner Elliott John Paul $71,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/21/2012 09/21/12 Sold $310,000 +3.7% $177 / Sq Ft
08/15/2012 08/15/12 Pending -- -- --
07/23/2012 07/23/12 For Sale $299,000 +76.9% $170 / Sq Ft
05/21/2012 05/21/12 Sold $169,000 0.0% $42 / Sq Ft
04/18/2012 04/18/12 Pending -- -- --
04/10/2012 04/10/12 For Sale $169,000 -- $42 / 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 $4,084 $381,729 $98,508 $283,221
2023 $4,084 $366,908 $94,684 $272,224
2022 $3,988 $359,715 $92,828 $266,887
2021 $3,938 $352,662 $91,008 $261,654
2020 $3,908 $349,047 $90,075 $258,972
2019 $3,833 $342,204 $88,309 $253,895
2018 $3,757 $335,495 $86,578 $248,917
2017 $3,689 $328,918 $84,881 $244,037
2016 $3,452 $322,469 $83,217 $239,252
2015 $3,402 $317,627 $81,968 $235,659
2014 $3,368 $311,407 $80,363 $231,044
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: S706096

California Regional Multiple Listing Service (CRMLS)

APN: 217-182-009