NOT LISTED FOR SALE

4547 Marmian Way Riverside, CA 92506

Magnolia Center Neighborhood

Estimated Value: $388,382 - $731,000

2 Beds
2 Baths
1,208 Sq Ft
$485/Sq Ft Est. Value

Sale Details

Date Sold: June 7, 2021

Last sale price $450,000 $373 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $3,599 / mo

23 Days on Market

Highlights

  • No HOA
  • Central Heating and Cooling System
  • Level Lot
  • Laundry closet
  • Wood Fence
  • Wood Siding

About This Home

As of June 2021

Two 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 LYNN PEDERSEN

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

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 closet

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

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

10,019 Sq Ft Lot

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: No
  • Zoning: R1065
  • Property Type: Residential Income
  • Gardener Expense: 700.00
  • Parcel Number: 226263018
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 372.52

Exterior Features

  • Foundation: Raised
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Asphalt
  • Spa: No
  • Construction Materials: Wood Siding

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: In Closet
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Gutters, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street, Sprinkler System, Sprinklers Timer
  • Lot Size Sq Ft: 10019.00
  • Lot Size Acres: 0.2300

Multi Family

  • Average1 Bed Area: 604 Square Feet
  • Gross Income: 33600.00
  • Gross Scheduled Income: 33600.00
  • Insurance Expense: 650.00
  • Lot Size Area: 10019.0000 Square Feet
  • Net Operating Income: 21535.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 6455.00
  • Rent Control: No
  • Total Expenses: 6455.00

Tax Info

  • New Taxes Expense: 5115.00
  • Tax Census Tract: 310.01
  • Tax Lot: 18
  • Tax Tract Number: 310

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 14, 2021
Closed on
Apr 21, 2021
Sold by
Bought by
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
$585,846

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$135,846
Avg. Annual Appreciation
5.37%
Original Mortgage
$360,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 8, 2009
Sold by
Bought by

Purchase Details

Closed on
Nov 5, 2009
Sold by
Bought by

Purchase Details

Closed on
Aug 18, 2004
Sold by
Bought by

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
Bought by
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$450,000 Chicago Title
$126,000 Fidelity National Title Co
$140,000 North American Title Company
$430,000 Commonwealth Land Title Co
$430,000 Commonwealth Land Title Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $360,000
Previous Owner $172,000
Closed $32,250
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

  • V

    Seller's Agent in 2021

    VICKI LYNN PEDERSEN

    VICKI L. PEDERSEN, BROKER

  • D

    Seller Co-Listing Agent in 2021

    DON PEDERSEN

    VICKI L. PEDERSEN, BROKER

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV21075676

California Regional Multiple Listing Service (CRMLS)

APN: 226-263-018

California Riverside County Riverside 92506 Magnolia Center

4547 Marmian Way, Riverside, CA

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

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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