NOT LISTED FOR SALE

5945 Limonite Ave Riverside, CA 92509

Estimated Value: $998,000 - $1,098,000

8 Beds
4 Baths
3,800 Sq Ft
$279/Sq Ft Est. Value

Last Sold February 15, 2022

Last sale price $925,000 $243 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $6,531/month

38 Days on Market

Highlights

  • Golf Course Community
  • Hiking Trails
  • Foothills
  • Fishing
  • Laundry Room
  • 1-minute walk to Veterans Memorial Park Community Center

About This Home

As of February 2022

WELL TAKEN CARE OF 4 PLEX WITH LONG TERM TENANTS. UNITS HAVE 5 GAS METERS AND 5 ELECTRIC METERS AND A LAUNDRY ROOM.

Last Agent to Sell the Property

Julie Perkins

Westcoe Realtors, Inc. License #01090328 Listed on: 11/29/2021

Westcoe Realtors, Inc.

Last Buyer's Agent

Julie Perkins

Westcoe Realtors, Inc. License #01090328 Listed on: 11/29/2021

Westcoe Realtors, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,665

Year Built

  • Built in 1956

Lot Details

  • 10,019 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Home Design

  • 3,800 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room

Parking

  • 5 Parking Spaces
  • 5 Carport Spaces

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 26
  • Tax Tract Number 403
  • Assessor Parcel Number 182280007
  • $230 per year additional tax assessments

Community Details

Overview

  • 4 Units
  • Foothills

Amenities

  • Laundry Facilities

Recreation

  • Golf Course Community
  • Fishing
  • Hiking Trails

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $360
  • Insurance Expense $1,100
  • Operating Expense $4,420
  • Gross Income $53,280
  • Net Operating Income $53,280

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,665

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Price Per Unit: 243750
  • Property Attached: Yes
  • Zoning: R-3
  • Property Type: Residential Income
  • Parcel Number: 182280007
  • Year Built: 1956
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 243.42

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 5.00
  • Total Parking Spaces: 5.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Fishing, Foothills, Golf, Hiking

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 10019.00
  • Lot Size Acres: 0.2300

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 360.00
  • Gross Income: 53280.00
  • Gross Scheduled Income: 57600.00
  • Insurance Expense: 1100.00
  • Lot Size Area: 10019.0000 Square Feet
  • Net Operating Income: 53280.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Number With Carpet: 5
  • Operating Expense: 4320.00
  • Rent Control: No
  • Total Expenses: 4420.00

Tax Info

  • Tax Census Tract: 403.01
  • Tax Lot: 26
  • Tax Tract Number: 403_01
  • TaxOtherAnnualAssessmentAmount: 230.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 29, 2021
Closed on
Jan 5, 2022
Sold by
Mihovetz John W
Bought by
Dang Phillip and Luu Anh Tu
Seller's Agent
Julie Perkins
Westcoe Realtors, Inc.
Buyer's Agent
Julie Perkins
Westcoe Realtors, Inc.
List Price
$975,000
Sold Price
$925,000
Premium/Discount to List
-$50,000
-5.13%
Current Estimated Value
$1,058,921

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$133,921
Avg. Annual Appreciation
3.85%
Original Mortgage
$650,000
Outstanding Balance
$604,722
Interest Rate
3.55%
Mortgage Type
New Conventional
Estimated Equity
$454,199

Purchase Details

Listed on
Dec 22, 2011
Closed on
May 24, 2012
Sold by
Hsbc Bank Usa National Association
Bought by
Mihovetz John W
Seller's Agent
Jerry Stapp
EXP REALTY OF CALIFORNIA INC
Buyer's Agent
George Ruben
ARAMAX
List Price
$250,000
Sold Price
$260,000
Premium/Discount to List
$10,000
4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.93%

Purchase Details

Closed on
May 5, 2011
Sold by
Cea Nancy
Bought by
Hsbc Bank Usa National Association

Purchase Details

Closed on
Jun 2, 2000
Sold by
Sec Hud
Bought by
Cea Nancy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,400
Interest Rate
7.98%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 2, 1998
Sold by
Hermann Steven
Bought by
Saucedo Raymond D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$203,426
Interest Rate
7.05%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 22, 1998
Sold by
Gimbarti Janice and Pernatin Elaine
Bought by
Hermann Steven

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
6.95%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 20, 1997
Sold by
Gimbarti Jerry
Bought by
Gimbarti Janice

Purchase Details

Closed on
Aug 20, 1993
Sold by
Standard Trust Deed Service Company
Bought by
Transamerica Financial Services
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
Dang Phillip $925,000 First American Title
Mihovetz John W $260,000 Lawyers Title
Hsbc Bank Usa National Association $229,500 Lawyers Title Company Mv
Cea Nancy $150,500 First Southwestern Title Co
Saucedo Raymond D $210,000 Northern Counties Title
Hermann Steven $300,000 Fidelity National Title Ins
Gimbarti Janice -- Fidelity Title
Transamerica Financial Services $112,228 North American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dang Phillip $650,000
Previous Owner Mihovetz John W $385,700
Previous Owner Mihovetz John W $273,000
Previous Owner Cea Nancy $150,000
Previous Owner Cea Nancy $120,400
Previous Owner Saucedo Raymond D $203,426
Previous Owner Hermann Steven $125,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/15/2022 02/15/22 Sold $925,000 -5.1% $243 / Sq Ft
01/06/2022 01/06/22 Pending -- -- --
11/29/2021 11/29/21 For Sale $975,000 +275.0% $257 / Sq Ft
05/25/2012 05/25/12 Sold $260,000 +4.0% --
05/01/2012 05/01/12 Pending -- -- --
12/22/2011 12/22/11 For Sale $250,000 -- --
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 $10,665 $981,616 $212,241 $769,375
2023 $10,665 $943,500 $204,000 $739,500
2022 $3,622 $307,725 $85,212 $222,513
2021 $3,613 $301,692 $83,542 $218,150
2020 $3,576 $298,600 $82,686 $215,914
2019 $3,502 $292,746 $81,065 $211,681
2018 $3,391 $287,007 $79,476 $207,531
2017 $3,355 $281,380 $77,918 $203,462
2016 $3,308 $275,864 $76,391 $199,473
2015 $3,263 $271,723 $75,245 $196,478
2014 $3,048 $266,402 $73,772 $192,630
Source: Public Records

Agents Affiliated with this Home

  • Julie Perkins

    Seller's Agent in 2022

    Julie Perkins

    Westcoe Realtors, Inc.

    (951) 317-4069

    1 in this area

    35 Total Sales

    Julie Perkins
    Section Image
  • Jerry Stapp

    Seller's Agent in 2012

    Jerry Stapp

    EXP REALTY OF CALIFORNIA INC

    (909) 239-6013

    42 Total Sales

    Jerry Stapp
    Section Image

  • G

    Buyer's Agent in 2012

    George Ruben

    ARAMAX

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IG21255935

California Regional Multiple Listing Service (CRMLS)

APN: 182-280-007

California Riverside County Riverside 92509

5945 Limonite Ave, Riverside, CA

This home is located at 5945 Limonite Ave, Riverside, CA 92509 since 29 November 2021 and is currently estimated at $1,058,921, approximately $278 per square foot. This property was built in 1956. 5945 Limonite Ave is a home located in Riverside County with nearby schools including Pacific Avenue Academy of Music, 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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