NOT LISTED FOR SALE

5046 Central Ave Riverside, CA 92504

Magnolia Center Neighborhood

Estimated Value: $584,000 - $625,000

3 Beds
2 Baths
1,290 Sq Ft
$468/Sq Ft Est. Value

Last Sold January 16, 2020

Last sale price $365,000 $283 Per Sq Ft

Est. 65% increase in value since last sale

Current estimated payment $3,514/month

65 Days on Market

Highlights

  • Open Floorplan
  • Contemporary Architecture
  • No HOA
  • Mountain View
  • Granite Countertops
  • Covered Patio or Porch

About This Home

As of January 2020

Great single story with RV park, 2-car garage, and a huge backyard fully fenced is now available in the heart of Riverside. A short walking distance from Sierra Middle School, this 3 bedroom home has a separate walk out door to the backyard from the master bedroom. The recently finished circular driveway not only adds convenience but adds sophistication to the already charming home. Front yard has some great palm trees and fully landscaped yard but the backyard offers a lot more for entertainment and for your large size family get-togethers. The kitchen has been updated with newer cabinets as well as granite countertops. You will absolutely love this open floor plan for an investment as well as owner occupied residence.

Last Agent to Sell the Property

JOHN BLAKE

CAL PACIFIC PROPERTIES License #02070045 Listed on: 10/08/2019

CAL PACIFIC PROPERTIES

Last Buyer's Agent

Manuel Madrid

ONE WEST REALTY License #01303106

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1956

Lot Details

  • 0.25 Acre Lot
  • Sprinkler System
  • Density is up to 1 Unit/Acre
  • Property is zoned R1065

Parking

  • 2 Car Attached Garage

Property Views

  • Mountain
  • Neighborhood

Home Design

  • Contemporary Architecture
  • Slab Foundation

Interior Spaces

  • 1,290 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Ceiling Fan
  • Family Room with Fireplace
  • Family Room Off Kitchen
  • Dining Room

Kitchen

  • Open to Family Room
  • Gas Oven
  • Gas Range
  • Dishwasher
  • Granite Countertops

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Outdoor Features

  • Covered Patio or Porch
  • Exterior Lighting
  • Rain Gutters

Schools

  • Jefferson Elementary School
  • Sierra Middle School
  • Ramona High School

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected
  • Cable TV Available

Additional Features

  • Accessible Parking
  • Urban Location

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 5
  • Tax Tract Number 3029
  • Assessor Parcel Number 226141005

Home Details

Home Type

Single Family

Year Built

Built in 1956

Lot Details

0

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: No
  • Property Attached: No
  • View: Yes
  • Zoning: R1065
  • Architectural Style: Contemporary
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 226141005
  • Year Built: 1956
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1290.00 Square Feet
  • Interior Amenities: Ceiling Fan(s), Granite Counters, Open Floorplan
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile
  • Accessibility Features: Parking
  • Appliances: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Eating Area: Family Kitchen, Dining Room
  • Fireplace Features: Family Room
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 282.95
  • Room Type: All Bedrooms Down, Family Room
  • Room Kitchen Features: Granite Counters, Kitchen Open To Family Room

Exterior Features

  • Patio: Yes
  • Foundation: Slab
  • View: Mountain(s), Neighborhood
  • Patio And Porch Features: Covered
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Oven, Gas Range
  • Heating Type: Central
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Storm Drains, Street Lights, Urban

Schools

  • Elementary School: Jefferson
  • High School: Ramona
  • Middle Or Junior School: Sierra
  • Elementary School #2: JEFFER
  • High School2: RAMONA

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Sprinkler System
  • Lot Size Sq Ft: 10890.00
  • Lot Size Acres: 0.2500

Multi Family

  • Lease Considered: No
  • Lot Size Area: 10890.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 310.01
  • Tax Lot: 5
  • Tax Tract Number: 03029

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 8, 2019
Closed on
Dec 26, 2019
Sold by
Guerrero Alexia Yanel
Bought by
Guerrero Jose Julian
Seller's Agent
JOHN BLAKE
CAL PACIFIC PROPERTIES
Buyer's Agent
Manuel Madrid
ONE WEST REALTY
List Price
$299,900
Sold Price
$365,000
Premium/Discount to List
$65,100
21.71%
Current Estimated Value
$603,401

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$238,401
Avg. Annual Appreciation
8.77%
Original Mortgage
$358,388
Outstanding Balance
$316,772
Interest Rate
3.62%
Mortgage Type
FHA
Estimated Equity
$286,629

Purchase Details

Listed on
Oct 8, 2019
Closed on
Dec 18, 2019
Sold by
Mendes Gino Nicholas
Bought by
Guerrero Jose Julian
Seller's Agent
JOHN BLAKE
CAL PACIFIC PROPERTIES
Buyer's Agent
Manuel Madrid
ONE WEST REALTY
List Price
$299,900
Sold Price
$365,000
Premium/Discount to List
$65,100
21.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$358,388
Outstanding Balance
$316,772
Interest Rate
3.62%
Mortgage Type
FHA
Estimated Equity
$286,629

Purchase Details

Closed on
Feb 21, 2019
Sold by
Mendez Diane
Bought by
Mendes Gino Nicholas

Purchase Details

Closed on
May 10, 2004
Sold by
Proud Ernest and Proud Phuong
Bought by
Mendez Diane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
5.86%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 29, 1999
Sold by
Va
Bought by
Proud Ernest and Proud Phuong

Purchase Details

Closed on
Jul 2, 1998
Sold by
Perez Rey M and Gregg Sheri D
Bought by
Countrywide Home Loans Inc

Purchase Details

Closed on
Jun 5, 1998
Sold by
Countrywide Home Loans Inc
Bought by
Va
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Guerrero Jose Julian -- Ticor Title Company Of Ca
Guerrero Jose Julian $365,000 Ticor Title Company Of Ca
Mendes Gino Nicholas -- None Available
Mendez Diane $250,000 Stewart Title Riverside
Proud Ernest $90,000 First American Title Co
Countrywide Home Loans Inc $81,729 Landsafe Title
Va -- Landsafe Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Guerrero Jose Julian $358,388
Previous Owner Mendez Diane $200,000
Closed Mendez Diane $50,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/16/2020 01/16/20 Sold $365,000 +21.7% $283 / Sq Ft
12/12/2019 12/12/19 For Sale $299,900 -17.8% $232 / Sq Ft
12/09/2019 12/09/19 Off Market $365,000 -- --
10/29/2019 10/29/19 Price Changed $299,900 -24.8% $232 / Sq Ft
10/08/2019 10/08/19 For Sale $399,000 -- $309 / 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 $4,349 $399,177 $98,426 $300,751
2023 $4,349 $383,678 $94,605 $289,073
2022 $4,251 $376,155 $92,750 $283,405
2021 $4,198 $368,781 $90,932 $277,849
2020 $4,455 $397,800 $91,800 $306,000
2019 $3,571 $318,618 $70,090 $248,528
2018 $3,500 $312,371 $68,716 $243,655
2017 $3,437 $306,247 $67,369 $238,878
2016 $3,216 $300,244 $66,049 $234,195
2015 $3,169 $295,736 $65,058 $230,678
2014 $2,695 $249,000 $55,000 $194,000
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2020

    JOHN BLAKE

    CAL PACIFIC PROPERTIES

    Section Image
  • Manuel Madrid

    Buyer's Agent in 2020

    Manuel Madrid

    ONE WEST REALTY

    (909) 241-0677

    34 Total Sales

    Manuel Madrid
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV19238553

California Regional Multiple Listing Service (CRMLS)

APN: 226-141-005

California Riverside County Riverside 92504 Magnolia Center

5046 Central Ave, Riverside, CA

Not Listed for Sale

Detached

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