Seller's Agent in 2025
ADAM SCHWARZ
EXP REALTY OF CALIFORNIA INC
(951) 389-5551
4 in this area
154 Total Sales
4554 Merrill Ave Riverside, CA 92506
Magnolia Center Neighborhood
1
Bed
1
Bath
396
Sq Ft
6,534
Sq Ft Lot
Highlights
- Private Yard
- Living Room
- Laundry Room
- No HOA
- Recessed Lighting
- Central Heating and Cooling System
About This Home
As of April 2025This charming 1-bedroom, 1-bath home has been completely remodeled in 2023, offering modern comfort in a compact 396-square-foot space. Nestled on a sizable lot in the heart of Riverside, this property features a brand-new kitchen, bathroom, roof, windows, electrical wiring, plumbing, and HVAC system. Additional upgrades include a new driveway and fencing, making this home move-in ready.
What truly sets this property apart is its potential. With two permitted easements, it’s an investor’s dream—the lot is ready for a new main house build on the front of the property, where the original home once stood.
Located near major freeways, shopping, dining, and entertainment, this property offers an unbeatable combination of convenience and opportunity. Whether you're looking for a starter home, a rental property, or a prime development opportunity, this one checks all the boxes!
Last Agent to Sell the Property
EXP REALTY OF CALIFORNIA INC Brokerage Phone: 951-389-5551 License #01992205 Listed on: 01/10/2025
Home Details
Home Type
- Single Family
Year Built
- Built in 1944
Lot Details
- 6,534 Sq Ft Lot
- Private Yard
- Property is zoned R1065
Home Design
- Entry on the 1st floor
Interior Spaces
- 396 Sq Ft Home
- 1-Story Property
- Recessed Lighting
- Living Room
- Microwave
Bedrooms and Bathrooms
- 1 Main Level Bedroom
- 1 Full Bathroom
Laundry
- Laundry Room
- Laundry Located Outside
- Dryer
- Washer
Utilities
- Central Heating and Cooling System
Community Details
- No Home Owners Association
Listing and Financial Details
- Tax Lot 68
- Assessor Parcel Number 226302019
- $66 per year additional tax assessments
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 10, 2025
Closed on
Feb 24, 2025
Sold by
Grablev Dimitar Ivanov and Grablev Dimitar Ivanor
Bought by
Tule River Homebuyer Earned Equity Agency
Seller's Agent
ADAM SCHWARZ
EXP REALTY OF CALIFORNIA INC
Buyer's Agent
Olivia Chavez Serrano
Mission Real Estate
List Price
$450,000
Sold Price
$450,000
Views
119
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
$6,251
Avg. Annual Appreciation
1.83%
Original Mortgage
$4,500
Outstanding Balance
$921
Interest Rate
6.85%
Mortgage Type
New Conventional
Estimated Equity
$455,330
Purchase Details
Listed on
Feb 25, 2022
Closed on
Mar 8, 2022
Sold by
Tanya Tingarova
Bought by
Grablev Dimitar Ivanov
Seller's Agent
Michelle Carreon
UNIVERSITY REALTY INC.
Buyer's Agent
ADAM SCHWARZ
EXP REALTY OF CALIFORNIA INC
List Price
$225,000
Sold Price
$326,000
Premium/Discount to List
$101,000
44.89%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.11%
Purchase Details
Listed on
Feb 25, 2022
Closed on
Mar 7, 2022
Sold by
Anita Robinson
Bought by
Grablev Dimitar Ivanor
Seller's Agent
Michelle Carreon
UNIVERSITY REALTY INC.
Buyer's Agent
ADAM SCHWARZ
EXP REALTY OF CALIFORNIA INC
List Price
$225,000
Sold Price
$326,000
Premium/Discount to List
$101,000
44.89%
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $450,000 | First American Title | |
| Deed | -- | None Listed On Document | |
| Grant Deed | $652,000 | Fidelity National Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $4,500 | New Conventional | |
| Open | $441,849 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/03/2025 04/03/25 | Sold | $450,000 | 0.0% | $1,136 / Sq Ft | |
| 02/21/2025 02/21/25 | Pending | -- | -- | -- | |
| 02/19/2025 02/19/25 | Price Changed | $450,000 | 0.0% | $1,136 / Sq Ft | |
| 02/19/2025 02/19/25 | For Sale | $450,000 | -5.3% | $1,136 / Sq Ft | |
| 02/18/2025 02/18/25 | Pending | -- | -- | -- | |
| 01/10/2025 01/10/25 | For Sale | $475,000 | +45.7% | $1,199 / Sq Ft | |
| 03/14/2022 03/14/22 | Sold | $326,000 | +44.9% | $823 / Sq Ft | View Prior Sale |
| 03/03/2022 03/03/22 | Pending | -- | -- | -- | |
| 02/25/2022 02/25/22 | For Sale | $225,000 | -- | $568 / 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 | $3,778 | $345,952 | $95,508 | $250,444 |
| 2023 | $3,778 | $332,520 | $91,800 | $240,720 |
| 2022 | $316 | $22,505 | $13,746 | $8,759 |
| 2021 | $331 | $22,065 | $13,477 | $8,588 |
| 2020 | $329 | $21,839 | $13,339 | $8,500 |
| 2019 | $324 | $21,412 | $13,078 | $8,334 |
| 2018 | $319 | $20,993 | $12,821 | $8,172 |
| 2017 | $314 | $20,582 | $12,570 | $8,012 |
| 2016 | $299 | $20,179 | $12,324 | $7,855 |
| 2015 | $294 | $19,878 | $12,140 | $7,738 |
| 2014 | $291 | $19,491 | $11,903 | $7,588 |
Source: Public Records
Agents Affiliated with this Home
-
ADAM SCHWARZ
-
Olivia Chavez Serrano
Buyer's Agent in 2025
Olivia Chavez Serrano
Mission Real Estate
(818) 631-4191
1 in this area
47 Total Sales
-
Michelle Carreon
M
Seller's Agent in 2022
Michelle Carreon
UNIVERSITY REALTY INC.
(909) 647-3673
1 in this area
32 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: IV25005958
APN: 226-302-019
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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