Seller's Agent in 2021
Vicki Lynn Pedersen
VICKI L. PEDERSEN, BROKER
(951) 840-5212
1 in this area
38 Total Sales
4547 Marmian Way Riverside, CA 92506
Magnolia Center NeighborhoodEstimated Value: $395,360 - $925,000
2
Beds
2
Baths
1,208
Sq Ft
$526/Sq Ft
Est. Value
Highlights
- No HOA
- Central Heating and Cooling System
- Level Lot
- Laundry Room
- Wood Fence
- Wood Siding
About This Home
As of June 2021Two units - each with 1 bedroom and 1 bath, indoor laundry hook-ups, solid wood kitchen cabinets, newly painted exterior and a single car garage used for storage. The kitchens and bathrooms are tile and the living areas have laminate flooring. Units were remodeled in 2009. At that time, central heating and air conditioning was added, the property was earthquake retrofitted, the electrical was replaced and a dishwasher was added to one unit .The sellers also enclosed the screened in porches of both units, adding to size of the units which they don’t believe is included in the assessor sq feet. The kitchens and bathrooms are tile and the living areas are laminate flooring. The roof is in good condition. Each unit has its own fenced deep back yard and both are on automatic sprinklers. Interior photos were taken in 2009 when the sellers remodeled the property. It is not in the same condition now. Long-term tenants in place who would like to stay. Terrific neighborhood – close to shopping and downtown Riverside. Separate utilities except a shared water bill. DO NOT DISTURB TENANTS.
Last Agent to Sell the Property
VICKI L. PEDERSEN, BROKER License #01435175 Listed on: 04/14/2021
Co-Listed By
Don Pedersen
VICKI L. PEDERSEN, BROKER License #01367292
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,214
Year Built
- Built in 1923
Lot Details
- 10,019 Sq Ft Lot
- 1 Common Wall
- Wood Fence
- Level Lot
- Sprinklers on Timer
Parking
- 2 Car Garage
Home Design
- Property Attached
- Raised Foundation
- Asphalt Roof
- Wood Siding
Interior Spaces
- 1,208 Sq Ft Home
- 1-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Bathrooms
Outdoor Features
- Rain Gutters
Utilities
- Central Heating and Cooling System
- Natural Gas Connected
Listing and Financial Details
- Tax Lot 18
- Tax Tract Number 310
- Assessor Parcel Number 226263018
Community Details
Overview
- No Home Owners Association
- 2 Units
Building Details
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $700
- Insurance Expense $650
- New Taxes Expense $5,115
- Operating Expense $6,455
- Gross Income $33,600
- Net Operating Income $21,535
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 14, 2021
Closed on
Apr 21, 2021
Sold by
Bussanich Mark and Bussanich Donna
Bought by
Schanker Joshua
Seller's Agent
Vicki Lynn Pedersen
VICKI L. PEDERSEN, BROKER
List Price
$465,000
Sold Price
$450,000
Premium/Discount to List
-$15,000
-3.23%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$185,340
Avg. Annual Appreciation
8.25%
Original Mortgage
$360,000
Interest Rate
2.9%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 8, 2009
Sold by
Deutsche Bank Trust Company Americas
Bought by
Bussanich Mark and Bussanich Donna
Purchase Details
Closed on
Nov 5, 2009
Sold by
Orozco Malcolm A
Bought by
Deutsche Bank Trust Company Americas
Purchase Details
Closed on
Aug 18, 2004
Sold by
Building Exchange Co
Bought by
Orozco Malcolm A
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
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jun 11, 2004
Sold by
Yeaney Sheila Hunt
Bought by
Building Exchange Co
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Schanker Joshua | $450,000 | Chicago Title | |
| Bussanich Mark | $126,000 | Fidelity National Title Co | |
| Deutsche Bank Trust Company Americas | $140,000 | North American Title Company | |
| Orozco Malcolm A | $430,000 | Commonwealth Land Title Co | |
| Building Exchange Co | $430,000 | Commonwealth Land Title Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Schanker Joshua | $360,000 | |
| Previous Owner | Orozco Malcolm A | $172,000 | |
| Closed | Orozco Malcolm A | $32,250 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/07/2021 06/07/21 | Sold | $450,000 | -5.3% | $373 / Sq Ft |
| 05/04/2021 05/04/21 | Price Changed | $475,000 | +2.2% | $393 / Sq Ft |
| 04/14/2021 04/14/21 | For Sale | $465,000 | -- | $385 / 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 | $5,214 | $487,092 | $119,066 | $368,026 |
| 2023 | $5,214 | $468,180 | $114,444 | $353,736 |
| 2022 | $5,093 | $459,000 | $112,200 | $346,800 |
| 2021 | $1,759 | $150,241 | $71,542 | $78,699 |
| 2020 | $1,746 | $148,702 | $70,809 | $77,893 |
| 2019 | $1,714 | $145,787 | $69,421 | $76,366 |
| 2018 | $1,682 | $142,929 | $68,061 | $74,868 |
| 2017 | $1,653 | $140,127 | $66,727 | $73,400 |
| 2016 | $1,550 | $137,380 | $65,419 | $71,961 |
| 2015 | $1,527 | $135,319 | $64,438 | $70,881 |
| 2014 | $1,513 | $132,671 | $63,177 | $69,494 |
Source: Public Records
Agents Affiliated with this Home
-
Vicki Lynn Pedersen
-
D
Seller Co-Listing Agent in 2021
Don Pedersen
VICKI L. PEDERSEN, BROKER
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: IV21075676
APN: 226-263-018
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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