NOT LISTED FOR SALE

4554 Merrill Ave Riverside, CA 92506

Magnolia Center Neighborhood

Estimated Value: $426,000 - $482,068

1 Bed
1 Bath
396 Sq Ft
$1,137/Sq Ft Est. Value

Sale Details

Date Sold: April 3, 2025

Last sale price $450,000 $1,136 Per Sq Ft

Current estimated payment $2,755 / mo

41 Days on Market

Highlights

  • Private Yard
  • Living Room
  • Laundry Room
  • No HOA
  • Recessed Lighting
  • Central Heating and Cooling System

About This Home

As of April 2025

This 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

ADAM SCHWARZ

EXP REALTY OF CALIFORNIA INC Brokerage Phone: 951-389-5551 License #01992205 Listed on: 01/10/2025

EXP REALTY OF CALIFORNIA INC

Last Buyer's Agent

Olivia Chavez Serrano

Mission Real Estate License #01934999

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

Home Details

Home Type

Single Family

Year Built

Built in 1944

Lot Details

6,534 Sq Ft Lot

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • View: No
  • Zoning: R1065
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 226302019
  • Year Built: 1944
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 396.00 Square Feet
  • Interior Amenities: Recessed Lighting
  • Stories: 1
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Entry Level: 1
  • Levels: One
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 1136.36
  • Room Type: Kitchen, Living Room

Exterior Features

  • Pool Private: No

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Microwave, Refrigerator
  • Heating Type: Central
  • Laundry Features: Dryer Included, Individual Room, Outside, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999, Yard
  • Lot Size Sq Ft: 6534.00
  • Lot Size Acres: 0.1500

Multi Family

  • Lease Considered: No
  • Lot Size Area: 6534.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 310.01
  • Tax Lot: 68
  • TaxOtherAnnualAssessmentAmount: 66.00

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
Jan 10, 2025
Closed on
Feb 24, 2025
Sold by
Bought by
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
$450,267

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$267
Avg. Annual Appreciation
0.05%
Original Mortgage
$4,500
Outstanding Balance
$921
Interest Rate
6.85%
Mortgage Type
New Conventional
Estimated Equity
$449,346

Purchase Details

Listed on
Feb 25, 2022
Closed on
Mar 8, 2022
Sold by
Bought by
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
Bought by
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%
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 First American Title
-- None Listed On Document
$652,000 Fidelity National Title
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
Open $4,500
Open $441,849
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 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

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 $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

    Seller's Agent in 2025

    ADAM SCHWARZ

    EXP REALTY OF CALIFORNIA INC

    (951) 389-5551

    4 in this area

    158 Total Sales

    ADAM SCHWARZ
    Section Image
  • Olivia Chavez Serrano

    Buyer's Agent in 2025

    Olivia Chavez Serrano

    Mission Real Estate

    (818) 631-4191

    1 in this area

    45 Total Sales

    Olivia Chavez Serrano
    Section Image

  • M

    Seller's Agent in 2022

    Michelle Carreon

    UNIVERSITY REALTY INC.

    (909) 647-3673

    1 in this area

    31 Total Sales

    Michelle Carreon
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV25005958

California Regional Multiple Listing Service (CRMLS)

APN: 226-302-019

California Riverside County Riverside 92506 Magnolia Center

4554 Merrill Ave, Riverside, CA

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.

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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