NOT LISTED FOR SALE

5055 Central Ave Riverside, CA 92504

Magnolia Center Neighborhood

Estimated Value: $774,000 - $1,078,879

3 Beds
2 Baths
2,941 Sq Ft
$313/Sq Ft Est. Value

Sale Details

Date Sold: December 15, 2017

Last sale price $540,000 $184 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $5,493 / mo

16 Days on Market

Highlights

  • Horse Property
  • RV Access or Parking
  • View of Trees or Woods
  • In Ground Pool
  • Gated Parking
  • 81,893 Sq Ft lot

About This Home

As of December 2017

Honey.Stop.The.Car!!! This is it!!! Location Location Location in the beautiful city of Riverside!!! Priced to sell!!!Originally built in 1946, upgraded to an entertainment property in the 1960s on almost 2 acres of land opportunity with front and private back access. Minutes to Downtown Riverside and the majestic Mission Inn Hotel & Spa, Riverside City College, University of California Riverside, shopping, dining and entertainment. Beautifully manicured landscaping in the front with circular driveway. With the right creative mind, vision and some TLC, this beauty can be brought back to its glory days. Separate rental unit in the back with potential rental income. Approx. 2,000 sqft workshop with 2 pole auto lift, rolling gantry, separately sectioned office with air conditioning, fully plumbed with air lines. Amble garage parking and RV parking. Pool with slide and diving board, pool house, changing rooms, bathroom, kitchen and barbeque. Yard has lots of fruit trees, all on automatic drip irrigation system.

Last Agent to Sell the Property

Tamer Youssef

RE/MAX TIME REALTY License #01859331 Listed on: 09/20/2017

RE/MAX TIME REALTY

Last Buyer's Agent

Tamer Youssef

RE/MAX TIME REALTY License #01859331 Listed on: 09/20/2017

RE/MAX TIME REALTY

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1946

Lot Details

  • 1.88 Acre Lot
  • Drip System Landscaping
  • Lawn
  • Garden
  • Back and Front Yard
  • Property is zoned R1065

Parking

  • 5 Car Garage
  • Parking Available
  • Workshop in Garage
  • Tandem Uncovered Parking
  • Three Garage Doors
  • Gated Parking
  • RV Access or Parking

Property Views

  • Woods
  • Peek-A-Boo
  • Neighborhood

Home Design

  • Cosmetic Repairs Needed

Interior Spaces

  • 2,941 Sq Ft Home
  • 1-Story Property
  • Central Vacuum
  • Formal Entry
  • Family Room
  • Living Room with Fireplace
  • Workshop
  • Eat-In Kitchen
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • In Ground Pool
  • Horse Property

Utilities

  • Central Heating and Cooling System
  • Conventional Septic

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 1
  • Assessor Parcel Number 226100003

Community Details

Overview

  • No Home Owners Association

Recreation

  • Horse Trails

Home Details

Home Type

Single Family

Year Built

Built in 1946

Lot Details

1.88 Acres

Parking

5

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • View: Yes
  • Zoning: R1065
  • Architectural Style: Ranch
  • Property Condition: Repairs Cosmetic
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 226100003
  • Year Built: 1946
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2941.00 Square Feet
  • Interior Amenities: Vacuum Central
  • Stories: 1
  • Common Walls: No Common Walls
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Eating Area: In Kitchen
  • Fireplace Features: Living Room
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 183.61
  • Room Type: Family Room, Formal Entry, Kitchen, Living Room, Workshop

Exterior Features

  • View: Neighborhood, Peek-A-Boo, Trees/Woods
  • Pool Features: Private, In Ground
  • Pool Private: Yes

Garage/Parking

  • Garage Spaces: 5.00
  • Parking: Yes
  • Parking Features: Concrete, Garage - Three Door, Garage - Two Door, Gated, RV Access/Parking, Tandem Uncovered, Workshop in Garage
  • Total Parking Spaces: 5.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Individual Room
  • Sewer: Conventional Septic
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Garden, Horse Property, Landscaped, Lawn, Lot Over 40000 Sqft, Sprinklers Drip System
  • Lot Size Sq Ft: 81893.00

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 3
  • Number Of Units Total: 3

Tax Info

  • Tax Census Tract: 310.01
  • Tax Lot: 1
  • Tax Tract Number: 1

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

Closed on
Mar 9, 2021
Sold by
Bought by
Current Estimated Value
$920,720

Purchase Details

Listed on
Sep 20, 2017
Closed on
Dec 4, 2017
Sold by
Bought by
Seller's Agent
Tamer Youssef
RE/MAX TIME REALTY
Buyer's Agent
Tamer Youssef
RE/MAX TIME REALTY
List Price
$589,888
Sold Price
$540,000
Premium/Discount to List
-$49,888
-8.46%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.44%
Original Mortgage
$424,000
Outstanding Balance
$356,971
Interest Rate
3.94%
Mortgage Type
New Conventional
Estimated Equity
$563,749

Purchase Details

Closed on
Aug 27, 2012
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$158,150
Interest Rate
3.49%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 28, 2007
Sold by
Bought by

Purchase Details

Closed on
Aug 25, 1993
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$169,000
Interest Rate
7.13%
Mortgage Type
Seller Take Back
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
-- None Available
$540,000 Lawyers Title Ie
-- Title Source
-- Title Source
-- None Available
-- First American Title Insuran
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 $424,000
Previous Owner $158,150
Previous Owner $169,000
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
12/15/2017 12/15/17 Sold $540,000 -8.5% $184 / Sq Ft
10/06/2017 10/06/17 Pending -- -- --
09/20/2017 09/20/17 For Sale $589,888 -- $201 / 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 $6,591 $614,424 $147,916 $466,508
2023 $6,591 $590,567 $142,173 $448,394
2022 $6,438 $578,988 $139,386 $439,602
2021 $6,346 $567,636 $136,653 $430,983
2020 $6,298 $561,816 $135,252 $426,564
2019 $6,193 $550,800 $132,600 $418,200
2018 $6,134 $540,000 $130,000 $410,000
2017 $3,403 $302,417 $130,327 $172,090
2016 $3,185 $296,488 $127,772 $168,716
2015 $3,138 $292,036 $125,853 $166,183
2014 $3,107 $286,318 $123,389 $162,929
Source: Public Records

Agents Affiliated with this Home

  • Tamer Youssef

    Seller's Agent in 2017

    Tamer Youssef

    RE/MAX

    (714) 240-7196

    37 Total Sales

    Tamer Youssef
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV17218221

California Regional Multiple Listing Service (CRMLS)

APN: 226-100-003

California Riverside County Riverside 92504 Magnolia Center

5055 Central 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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