NOT LISTED FOR SALE

4872 Grove Ave Riverside, CA 92507

Eastside Neighborhood

Estimated Value: $371,884 - $548,000

2 Beds
2 Baths
952 Sq Ft
$478/Sq Ft Est. Value

Last Sold July 26, 2012

Last sale price $122,500 $129 Per Sq Ft

Est. 258% increase in value since last sale

Current estimated payment $2,564/month

77 Days on Market

Highlights

  • No HOA
  • Polytechnic High School Rated A-
  • No Heating

About This Home

As of July 2012

GREAT INVESTMENT. DUPLEX ONE BEDROOM, ONE BATH EACH UNIT, 2 CAR GARAGE. CLOSE TO VICTORIA WALKING DISTANCE TO RCC. NEW WINDOWS GOOD CONDITION.

Last Agent to Sell the Property

Maria Knorr

FIRST TEAM REAL ESTATE License #00944373 Listed on: 03/16/2012

Last Buyer's Agent

ERIC OLSON

GRAND PROPERTIES, INC License #01403842

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,683

Year Built

  • Built in 1956

Lot Details

  • 6,970

Parking

  • 2 Car Garage

Home Design

  • 952 Sq Ft Home

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Additional Features

  • 6,970 Sq Ft Lot
  • No Heating

Listing and Financial Details

  • Tax Lot 04
  • Tax Tract Number 30
  • Assessor Parcel Number 219203004

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $750
  • Trash Expense $35
  • Water Sewer Expense $40
  • New Taxes Expense $1,200
  • Gross Income $1,400
  • Net Operating Income $15,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,683

Year Built

Built in 1956

Lot Details

0

Parking

2

Listing Details

  • Water Sewer Expenses: 40.00
  • Property Type: Residential Income
  • Parcel Number: 219203004
  • Year Built: 1956
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Levels: One
  • Price Per Square Foot: 128.68

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 5.00

Utilities

  • Heating: No
  • Trash Expense: 35.00

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size Sq Ft: 6970.00
  • Lot Size Acres: 0.1600

Multi Family

  • Gross Income: 1400.00
  • Gross Scheduled Income: 16800.00
  • Insurance Expense: 750.00
  • Lot Size Area: 6970.0000 Square Feet
  • Net Operating Income: 15600.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 1200.00
  • Rent Control: No
  • Total Actual Rent: 1400.00

Tax Info

  • New Taxes Expense: 1200.00
  • Tax Lot: 04
  • Tax Tract Number: 030
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 16, 2012
Closed on
Jun 14, 2012
Sold by
Cornerstone Heritage Investments Llc
Bought by
Bitner C Timothy and Bitner Diane
Seller's Agent
Maria Knorr
FIRST TEAM REAL ESTATE
Buyer's Agent
ERIC OLSON
GRAND PROPERTIES, INC
List Price
$129,900
Sold Price
$122,500
Premium/Discount to List
-$7,400
-5.7%
Current Estimated Value
$438,882

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$316,382
Avg. Annual Appreciation
10.12%
Original Mortgage
$91,875
Outstanding Balance
$63,587
Interest Rate
3.65%
Mortgage Type
Commercial
Estimated Equity
$366,496

Purchase Details

Closed on
Nov 15, 2011
Sold by
Lim John S
Bought by
Cornerstone Heritage Investment Llc

Purchase Details

Closed on
Sep 15, 2011
Sold by
Saunders Toni Woolener and Woolener Toni Anita
Bought by
Lim John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$54,750
Interest Rate
4.15%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 18, 2008
Sold by
Wallace Albert L
Bought by
Woolener Toni Anita

Purchase Details

Closed on
Aug 30, 1994
Sold by
Wallace Albert and Wallace Pearline
Bought by
Wallace Albert L and Wallace Pearline P
Source: Public Records

Range of Values:

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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

Date Buyer Sale Price Title Company
Bitner C Timothy $122,500 Ticor Title Company Of Ca
Cornerstone Heritage Investment Llc -- None Available
Lim John S -- None Available
Lim John $73,000 Ticor Title Company Of Ca
Saunders Toni Woolener -- Ticor Title Company Of Ca
Woolener Toni Anita -- None Available
Wallace Albert L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bitner C Timothy $91,875
Previous Owner Lim John $54,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/26/2012 07/26/12 Sold $122,500 -5.7% $129 / Sq Ft
06/01/2012 06/01/12 Pending -- -- --
03/16/2012 03/16/12 For Sale $129,900 -- $136 / 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 $1,683 $240,109 $61,563 $178,546
2023 $1,683 $144,980 $59,173 $85,807
2022 $1,645 $142,138 $58,013 $84,125
2021 $1,637 $139,352 $56,876 $82,476
2020 $1,625 $137,924 $56,293 $81,631
2019 $1,595 $135,221 $55,190 $80,031
2018 $1,565 $132,570 $54,109 $78,461
2017 $1,538 $129,972 $53,049 $76,923
2016 $1,443 $127,424 $52,009 $75,415
2015 $1,422 $125,512 $51,229 $74,283
2014 $1,408 $123,056 $50,227 $72,829
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2012

    Maria Knorr

    FIRST TEAM REAL ESTATE

    Section Image

  • E

    Buyer's Agent in 2012

    ERIC OLSON

    GRAND PROPERTIES, INC

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: I12035016

California Regional Multiple Listing Service (CRMLS)

APN: 219-203-004

California Riverside County Riverside 92507 Eastside

4872 Grove Ave, Riverside, CA

This home is located at 4872 Grove Ave, Riverside, CA 92507 since 16 March 2012 and is currently estimated at $454,721, approximately $477 per square foot. This property was built in 1956. 4872 Grove Ave is a home located in Riverside County with nearby schools including Alcott Elementary School, Central Middle School, and Polytechnic High School.

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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