NOT LISTED FOR SALE

Estimated Value: $592,000 - $973,000

1.18 Acres
$700,501 Price per Acre
51,401 Sq Ft Lot

Last Sold May 05, 2021

Last sale price $700,000 $764 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $5,177/month

59 Days on Market

Highlights

  • 1.18 Acre Lot
  • No HOA
  • Rectangular Lot

About This Lot

As of May 2021

This is an exciting investment opportunity. 1.18 acres in western Riverside's La Sierra community, Close to La Sierra University, The Galleria at Tyler, Kaiser Permanente hospital, restaurants, shopping and and more. R-3-1500 zoning allows up to 29, 2 story units (apartments or condos), subject to City of Riverside design reviewapproval. This property was previously marketed at $1M. The current pricing may allow a tidy profit from development and selling units or even apartments delivering a solid ROI. The City may also entertain possible high density proposals. The value is in the land. There is an existing SFR and other structures on the property. The land, and all that remains, is sold As Is.

Last Agent to Sell the Property

Woody Harper

Keller Williams Realty License #01128836 Listed on: 01/03/2021

Keller Williams Realty

Co-Listed By

Jayme Harper

Keller Williams Realty License #01513896

Last Buyer's Agent

Ricardo Acevedo

Acevedo Real Estate Professionals License #01812103

Property Details

Property Type

  • Land

Lot Details

  • 1.18 Acre Lot
  • Rectangular Lot
  • Density is 26-30 Units/Acre
  • Property is zoned R-3-1500

Location

  • Suburban Location

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 25
  • Assessor Parcel Number 143040016

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • View: No
  • Zoning: R-3-1500
  • Property Type: Land
  • Parcel Number: 143040016
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Price Per Square Foot: 13.62

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Sewer Available, Water Available
  • Water Source: Public
  • Water Well: No

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 26-30 Units/Acre, Lot Over 40000 Sqft, Rectangular Lot
  • Lot Size Sq Ft: 51401.00
  • Lot Size Acres: 1.1800

Multi Family

  • Lot Size Area: 51401.0000 Square Feet

Tax Info

  • Tax Census Tract: 413.02
  • Tax Lot: 25

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 3, 2021
Closed on
Mar 9, 2021
Sold by
Huotari Edith
Bought by
Classic Llc
Seller's Agent
Woody Harper
Keller Williams Realty
Buyer's Agent
Ricardo Acevedo
Acevedo Real Estate Professionals
List Price
$799,000
Sold Price
$700,000
Premium/Discount to List
-$99,000
-12.39%
Current Estimated Value
$826,591

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$126,591
Avg. Annual Appreciation
3.64%

Purchase Details

Closed on
Jan 5, 2006
Sold by
Solis Miguel P and Solis Emma
Bought by
Solis Miguel P and Solis Emma

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$525,000
Interest Rate
5.86%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Classic Llc $700,000 North American Title Company
Solis Miguel P -- Fidelity National Financial
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Solis Miguel P $525,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/05/2021 05/05/21 Sold $700,000 -12.4% $764 / Sq Ft
03/03/2021 03/03/21 Pending -- -- --
01/03/2021 01/03/21 For Sale $799,000 -- $872 / 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 $10,153 $847,903 $212,241 $635,662
2023 $10,153 $814,980 $204,000 $610,980
2022 $8,399 $714,000 $357,000 $357,000
2021 $639 $48,301 $26,250 $22,051
2020 $549 $47,803 $25,979 $21,824
2019 $541 $46,867 $25,470 $21,397
2018 $533 $45,949 $24,970 $20,979
2017 $523 $45,049 $24,481 $20,568
2016 $514 $44,166 $24,001 $20,165
2015 $505 $43,505 $23,642 $19,863
2014 $500 $42,655 $23,180 $19,475
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21000476

California Regional Multiple Listing Service (CRMLS)

APN: 143-040-016