NOT LISTED FOR SALE

5581 Molino Way Riverside, CA 92509

Estimated Value: $481,345 - $704,000

6 Beds
2 Baths
1,034 Sq Ft
$560/Sq Ft Est. Value

Last Sold June 09, 2021

Last sale price $525,000 $508 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $3,572/month

Highlights

  • Park
  • Mountainous Community
  • Central Air
  • Laundry Room

About This Home

As of June 2021

DUPLEX IN GREAT CONDITION!!

Last Agent to Sell the Property

TERESA HERNANDEZ

CENTURY 21 MASTERS License #02020429 Listed on: 05/28/2021

CENTURY 21 MASTERS

Last Buyer's Agent

JOSE SOTO

CENTURY 21 CITRUS REALTY INC License #02103478

CENTURY 21 CITRUS REALTY INC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,158

Year Built

  • Built in 1944

Lot Details

  • 8,712 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • 1,034 Sq Ft Home

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Washer Hookup

Additional Features

  • Urban Location
  • Central Air

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 37
  • Assessor Parcel Number 181053035

Community Details

Overview

  • 2 Buildings
  • 2 Units
  • Mountainous Community

Recreation

  • Park

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,200
  • Professional Management Expense $2,959
  • Trash Expense $1,100
  • Water Sewer Expense $6,600
  • New Taxes Expense $3,941
  • Operating Expense $15,800
  • Gross Income $43,200
  • Net Operating Income $27,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,158

Year Built

Built in 1944

Lot Details

0

Listing Details

  • Professional Management Expense: 2959.00
  • Property Attached: No
  • Water Sewer Expenses: 6600.00
  • Property Type: Residential Income
  • Parcel Number: 181053035
  • Year Built: 1944
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 507.74

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 1100.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Park, Mountainous, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 8712.00
  • Lot Size Acres: 0.2000

Multi Family

  • Gross Income: 43200.00
  • Gross Scheduled Income: 43200.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 8712.0000 Square Feet
  • Net Operating Income: 27400.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 15800.00
  • Rent Control: No
  • Total Expenses: 15800.00

Tax Info

  • New Taxes Expense: 3941.00
  • Tax Lot: 1
  • Tax Tract Number: 37

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 28, 2021
Closed on
May 27, 2021
Sold by
Solorzano Monica
Bought by
Reyes Sergio R and Reyes Martha A
Seller's Agent
TERESA HERNANDEZ
CENTURY 21 MASTERS
Buyer's Agent
JOSE SOTO
CENTURY 21 CITRUS REALTY INC
List Price
$525,000
Sold Price
$525,000
Current Estimated Value
$578,586

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$53,586
Avg. Annual Appreciation
2.27%

Purchase Details

Closed on
Jul 14, 2020
Sold by
Oseguera Maria Guadalupe Fragoso
Bought by
Solorzano Monica

Purchase Details

Closed on
Apr 25, 2019
Sold by
Fragoso Francisco
Bought by
Oseguera Maria Guadalupe Fragoso

Purchase Details

Listed on
Dec 19, 2018
Closed on
Jan 24, 2019
Sold by
Goudarzi Tamara Ann
Bought by
Fragoso Fragoso Francisco Francisco and Fragoso Oseguera Maria Guadalupe
Seller's Agent
Jacqueline Walker
HomeSmart, Evergreen Realty
Buyer's Agent
KATHLEEN ALMENDAREZ
CRMLS Member Transfer
List Price
$249,900
Sold Price
$277,000
Premium/Discount to List
$27,100
10.84%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.68%

Purchase Details

Closed on
Sep 24, 1997
Sold by
The Chase Manhattan Bank
Bought by
Banares Dedios B and Banares Ann M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$79,778
Interest Rate
7.33%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 7, 1997
Sold by
Cook Ronnie L and Lou Betty
Bought by
The Chase Manhattan Bank

Purchase Details

Closed on
Nov 15, 1994
Sold by
Williams Mary E Frazier and Cook Ronnie L
Bought by
Cook Ronnie L and Cook Betty Lou

Purchase Details

Closed on
Jun 28, 1993
Sold by
Cook Ronnie L and Cook Betty Lou
Bought by
Williams Mary E Frazier

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$22,678
Interest Rate
6.89%
Mortgage Type
Seller Take Back
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
Reyes Sergio R $525,000 Fidelity National Title
Solorzano Monica $300,000 Old Republic Title Co
Oseguera Maria Guadalupe Fragoso -- None Available
Fragoso Fragoso Francisco Francisco $277,000 North American Title Company
Banares Dedios B $80,000 First American
The Chase Manhattan Bank $86,786 First American Title Ins Co
Cook Ronnie L $30,120 North American Title Company
Williams Mary E Frazier $120,000 North American Title Co
Williams Mary E Frazier -- North American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Banares Dedios B $79,778
Previous Owner Williams Mary E Frazier $22,678
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/09/2021 06/09/21 Sold $525,000 0.0% $508 / Sq Ft
05/28/2021 05/28/21 Pending -- -- --
05/28/2021 05/28/21 For Sale $525,000 +89.5% $508 / Sq Ft
02/06/2019 02/06/19 Sold $277,000 0.0% $160 / Sq Ft View Prior Sale
01/11/2019 01/11/19 Off Market $277,000 -- --
01/10/2019 01/10/19 For Sale $249,900 -9.8% $145 / Sq Ft
01/03/2019 01/03/19 Off Market $277,000 -- --
12/23/2018 12/23/18 For Sale $249,900 -9.8% $145 / Sq Ft
12/19/2018 12/19/18 Off Market $277,000 -- --
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 $6,158 $568,276 $146,128 $422,148
2023 $6,158 $546,210 $140,454 $405,756
2022 $6,031 $535,500 $137,700 $397,800
2021 $3,480 $300,000 $75,001 $224,999
2020 $3,548 $306,000 $76,500 $229,500
2019 $3,389 $300,000 $75,001 $224,999
2018 $1,192 $112,234 $49,101 $63,133
2017 $1,262 $110,035 $48,139 $61,896
2016 $1,242 $107,879 $47,196 $60,683
2015 $1,224 $106,260 $46,488 $59,772
2014 $1,144 $104,180 $45,578 $58,602
Source: Public Records

Agents Affiliated with this Home

  • TERESA HERNANDEZ

    Seller's Agent in 2021

    TERESA HERNANDEZ

    CENTURY 21 MASTERS

    (626) 893-9119

    5 in this area

    38 Total Sales

    TERESA HERNANDEZ
    Section Image

  • J

    Buyer's Agent in 2021

    JOSE SOTO

    CENTURY 21 CITRUS REALTY INC

    Section Image
  • Jacqueline Walker

    Seller's Agent in 2019

    Jacqueline Walker

    HomeSmart, Evergreen Realty

    (949) 812-7643

    87 Total Sales

    Jacqueline Walker
    Section Image

  • K

    Buyer's Agent in 2019

    KATHLEEN ALMENDAREZ

    CRMLS Member Transfer

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV21115369

California Regional Multiple Listing Service (CRMLS)

APN: 181-053-035

California Riverside County Riverside 92509

5581 Molino Way, Riverside, CA

This home is located at 5581 Molino Way, Riverside, CA 92509 since 28 May 2021 and is currently estimated at $578,586, approximately $559 per square foot. This property was built in 1944. 5581 Molino Way is a home located in Riverside County with nearby schools including West Riverside Elementary, Mission Middle School, and Rubidoux 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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