NOT LISTED FOR SALE

5515 Norman Way Riverside, CA 92504

Estimated Value: $529,000 - $597,000

2 Beds
2 Baths
1,144 Sq Ft
$491/Sq Ft Est. Value

Last Sold November 30, 2021

Last sale price $500,000 $437 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $3,633/month

21 Days on Market

Highlights

  • Bonus Room
  • Cooling System Mounted To A Wall/Window
  • Laundry Room
  • Cul-De-Sac
  • Living Room
  • Turnkey

About This Home

As of November 2021

Charming, fully renovated home located on a quiet cut-de-sac. Move in ready with all the upgrades. Upon entry you'll find the open concept living area and brand new kitchen complete with new cabinets, large island, quartz countertops, new stainless steel appliances, new laminate flooring throughout, up to date interior paint throughout, recessed lighting, and new light fixtures inside and out. Two spacious bedrooms with ample closet space and newer ceiling fans. Third bedroom with a brand new fully renovated bathroom with modern chic tile, quartz counters, and new laminate flooring throughout. Best of all, it has it's own separate entrance to provide privacy for your guests or potential renters. Plenty of pace to add a kitchenette. This home is move in ready and has income potential. Seller spared no expense. The following are all new: external/interior paint, fascias, exterior stone, kitchen cabinets, appliances (except refrigerator), interior and exterior paint, laminate flooring, both restrooms completely remodeled, new piping throughout, recessed lighting, light fixtures, water heating system, new mini split A/C (will be installed before the COE), updated roof (new top layer), new seed and fertilizer for future curb appeal. Large backyard with patio, patio has new light fixtures, plenty of space to add a pool. Perfect for entertaining. A must see!

Last Agent to Sell the Property

Michelle Cervantes

JohnHart Real Estate License #01828344 Listed on: 10/04/2021

JohnHart Real Estate

Last Buyer's Agent

Maria Marshall

The Westwood Real Estate Group License #01155838

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,759

Year Built

  • Built in 1953

Lot Details

  • 6,970 Sq Ft Lot
  • 1 Common Wall
  • Cul-De-Sac
  • Back and Front Yard

Parking

  • 1 Car Garage

Home Design

  • Property Attached
  • Turnkey

Interior Spaces

  • 1,144 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Bonus Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside
  • Gas Dryer Hookup

Additional Features

  • Suburban Location
  • Cooling System Mounted To A Wall/Window

Listing and Financial Details

  • Tenant pays for all utilities, insurance
  • Tax Lot 150
  • Tax Tract Number 6
  • Assessor Parcel Number 190184019
  • $85 per year additional tax assessments

Community Details

Overview

  • 2 Units

Building Details

  • Electric Expense $480
  • Fuel Expense $720
  • Insurance Expense $800
  • Trash Expense $360
  • Water Sewer Expense $540
  • Operating Expense $2,900
  • Gross Income $3,300
  • Net Operating Income $200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,759

Year Built

Built in 1953

Lot Details

0

Parking

1

Listing Details

  • Price Per Unit: 250000
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Water Sewer Expenses: 540.00
  • Zoning: R1
  • Property Condition: Turnkey
  • Property Type: Residential Income
  • Parcel Number: 190184019
  • Year Built: 1953
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Unfurnished
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 437.06
  • Room Type: All Bedrooms Down, Bonus Room, Kitchen, Living Room

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Outside
  • Sewer: Public Sewer
  • Trash Expense: 360.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Cul-De-Sac, Front Yard
  • Lot Size Sq Ft: 6970.00
  • Lot Size Acres: 0.1600

Rental Info

  • Tenant Pays: All Utilities, Insurance

Multi Family

  • Electric Expense: 480.00
  • Fuel Expense: 720.00
  • Gross Income: 3300.00
  • Gross Scheduled Income: 3300.00
  • Insurance Expense: 800.00
  • Lot Size Area: 6970.0000 Square Feet
  • Net Operating Income: 200.00
  • Number Of Units Total: 2
  • Operating Expense: 200.00
  • Rent Control: No
  • Total Expenses: 2900.00

Tax Info

  • Tax Census Tract: 310.02
  • Tax Lot: 150
  • Tax Tract Number: 6
  • TaxOtherAnnualAssessmentAmount: 85.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 4, 2021
Closed on
Oct 26, 2021
Sold by
Esquivias Cristlan and Posada Laura
Bought by
Salinas Alberto Carranza and Carranza Maria
Seller's Agent
Michelle Cervantes
JohnHart Real Estate
Buyer's Agent
Maria Marshall
The Westwood Real Estate Group
List Price
$499,999
Sold Price
$500,000
Premium/Discount to List
$1
0.0%
Total Days on Market
21
Current Estimated Value
$561,639

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$61,639
Avg. Annual Appreciation
3.02%
Original Mortgage
$485,601
Outstanding Balance
$450,167
Interest Rate
3.09%
Mortgage Type
FHA
Estimated Equity
$105,106

Purchase Details

Closed on
Oct 29, 2019
Sold by
Esquivias Properties Llc
Bought by
Esquivias Cristian and Posada Laura

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$281,250
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 15, 2019
Sold by
Esquivias Cristian
Bought by
Esquivias Properties Llc

Purchase Details

Closed on
Aug 16, 2017
Sold by
Esquivias Cristian
Bought by
Esquivias Cristian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$234,000
Interest Rate
3.96%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 4, 2014
Closed on
May 21, 2014
Sold by
Shark Investments Llc
Bought by
Esquivias Christian
Seller's Agent
JESSICA TRAN
PLATINUM REAL ESTATE GROUP
Buyer's Agent
Michelle Cervantes
JohnHart Real Estate
List Price
$249,990
Sold Price
$245,000
Premium/Discount to List
-$4,990
-2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.69%
Original Mortgage
$240,562
Interest Rate
4.12%
Mortgage Type
FHA

Purchase Details

Listed on
Apr 4, 2014
Closed on
Apr 8, 2014
Sold by
Shark Investments Llc
Bought by
Shark Investments Llc
Seller's Agent
JESSICA TRAN
PLATINUM REAL ESTATE GROUP
Buyer's Agent
Michelle Cervantes
JohnHart Real Estate
List Price
$249,990
Sold Price
$245,000
Premium/Discount to List
-$4,990
-2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,562
Interest Rate
4.12%
Mortgage Type
FHA

Purchase Details

Listed on
Feb 11, 2014
Closed on
Feb 18, 2014
Sold by
Willoughby Norris A
Bought by
Shark Investment Llc
Seller's Agent
Vivian Motz
Adobe Country Realty
Buyer's Agent
Vivian Motz
Adobe Country Realty
List Price
$195,000
Sold Price
$168,000
Premium/Discount to List
-$27,000
-13.85%

Purchase Details

Listed on
Feb 11, 2014
Closed on
Jan 23, 2014
Sold by
Sartor Lonnie
Bought by
Sartor Brandi
Seller's Agent
Vivian Motz
Adobe Country Realty
Buyer's Agent
Vivian Motz
Adobe Country Realty
List Price
$195,000
Sold Price
$168,000
Premium/Discount to List
-$27,000
-13.85%

Purchase Details

Closed on
Apr 4, 2011
Sold by
Sartor Lonnie and Sartor Brandi
Bought by
Willoughby Norris A and The Norris A Willoughby Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$20,000
Interest Rate
4.83%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Dec 8, 2004
Sold by
Sartor Lonnie and Sartor Brandi
Bought by
Willoughby Norris A and Sartor Lonnie

Purchase Details

Closed on
Oct 27, 2001
Sold by
Lozano Angel
Bought by
Lozano Angel and Lozano Veronica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,167
Interest Rate
6.67%
Mortgage Type
FHA

Purchase Details

Closed on
May 14, 1999
Sold by
Lozano Veronica
Bought by
Lozano Angel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,875
Interest Rate
6.86%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 22, 1999
Sold by
Dahl Dora L
Bought by
Lozano Angel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,875
Interest Rate
6.86%
Mortgage Type
FHA
Source: Public Records

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Range of Values:

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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
Salinas Alberto Carranza $500,000 Old Republic Title Company
Esquivias Cristian -- Clearmark Title
Esquivias Properties Llc -- None Available
Esquivias Cristian -- Fidelity National Title Mclp
Esquivias Christian $245,000 Fidelity National Title Co
Shark Investments Llc -- First American Title Company
Shark Investment Llc $168,000 Fidelity National
Sartor Brandi -- Fnt Ie
Willoughby Norris A -- Accommodation
Sartor Lonnie -- First American Lenders Advan
Willoughby Norris A -- --
Lozano Angel -- Old Republic Title
Sartor Lonnie $256,000 Old Republic Title
Lozano Angel -- First American Title Co
Lozano Angel $80,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Salinas Alberto Carranza $485,601
Previous Owner Esquivias Cristian $281,250
Previous Owner Esquivias Cristian $234,000
Previous Owner Esquivias Christian $240,562
Previous Owner Shark Investments Llc $6,000,000
Previous Owner Sartor Lonnie $20,000
Previous Owner Sartor Lonnie $126,167
Previous Owner Lozano Angel $50,875
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/30/2021 11/30/21 Sold $500,000 0.0% $437 / Sq Ft
11/30/2021 11/30/21 Sold $500,000 0.0% $437 / Sq Ft
11/22/2021 11/22/21 Price Changed $499,999 0.0% $437 / Sq Ft
10/25/2021 10/25/21 Pending -- -- --
10/25/2021 10/25/21 Pending -- -- --
10/04/2021 10/04/21 For Sale $499,999 0.0% $437 / Sq Ft
09/13/2021 09/13/21 Price Changed $499,999 -6.5% $437 / Sq Ft
09/06/2021 09/06/21 For Sale $535,000 +118.4% $468 / Sq Ft
05/27/2014 05/27/14 Sold $245,000 +2.1% $204 / Sq Ft
05/02/2014 05/02/14 Pending -- -- --
04/11/2014 04/11/14 Price Changed $239,990 -4.0% $200 / Sq Ft
04/04/2014 04/04/14 For Sale $249,990 +48.8% $208 / Sq Ft
03/10/2014 03/10/14 Sold $168,000 -13.8% $147 / Sq Ft
02/11/2014 02/11/14 For Sale $195,000 -- $170 / 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
2023 $5,759 $509,999 $127,501 $382,498
2022 $5,628 $500,000 $125,001 $374,999
2021 $3,691 $323,314 $80,828 $242,486
2020 $3,663 $320,000 $80,000 $240,000
2019 $3,096 $269,229 $54,943 $214,286
2018 $3,037 $263,951 $53,866 $210,085
2017 $2,983 $258,776 $52,810 $205,966
2016 $2,793 $253,703 $51,775 $201,928
2015 $2,754 $249,895 $50,999 $198,896
2014 $1,671 $154,240 $48,198 $106,042
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IG21220816

California Regional Multiple Listing Service (CRMLS)

APN: 190-184-019