NOT LISTED FOR SALE

6550 Palm Ave Riverside, CA 92506

Magnolia Center Neighborhood

Estimated Value: $630,000 - $668,000

3 Beds
2 Baths
1,986 Sq Ft
$327/Sq Ft Est. Value

Last Sold February 10, 2022

Last sale price $560,000 $282 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $3,728/month

134 Days on Market

Highlights

  • Wood Flooring
  • Bathtub
  • Laundry Room
  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Walk-in Shower

About This Home

As of February 2022

RIVERSIDE, LARGE 3 BDR, 2 BATH, STOVE, WALL A/C, FIREPLACE, OFFICE, DINING ROOM, LAUNDRY ROOM, HARDWOOD FLOORS, CEILING FANS, PANTRY, LARGE YARD, 2 CAR GARAGE, 1986 SF

Last Agent to Sell the Property

Richard Merlin

RICH MERLIN REALTY License #01169957 Listed on: 08/26/2021

Last Buyer's Agent

Ricardo Ochoa

KELLER WILLIAMS BEVERLY HILLS License #01998911

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,588

Year Built

  • Built in 1931

Lot Details

  • 8,712 Sq Ft Lot
  • Wood Fence
  • Chain Link Fence
  • Back and Front Yard
  • Property is zoned R1065

Parking

  • 2 Car Garage
  • Parking Available
  • Driveway

Home Design

  • Tile Roof

Interior Spaces

  • 1,986 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Blinds
  • Living Room with Fireplace
  • Gas Range
  • Laundry Room

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms
  • Bathtub
  • Walk-in Shower

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting

Schools

  • Ramona High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating
  • Natural Gas Connected
  • Gas Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 13
  • Tax Tract Number 31100
  • Assessor Parcel Number 225112038
  • $85 per year additional tax assessments

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,588

Year Built

Built in 1931

Lot Details

0

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: No
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: No
  • Zoning: R1065
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 225112038
  • Year Built: 1931
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1986.00 Square Feet
  • Interior Amenities: Ceiling Fan(s), Unfurnished
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Tile, Wood
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Living Room
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 281.97
  • Room Type: All Bedrooms Down, Kitchen, Living Room
  • Window Features: Blinds
  • Bathroom Features: Bathtub, Shower

Exterior Features

  • Fence: Yes
  • Fencing: Chain Link, Wood
  • Pool Private: No
  • Roof: Tile
  • Spa: No

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway, Garage
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range, Gas Water Heater
  • Heating Type: Central, Fireplace(s)
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Schools

  • School District: Riverside Unified
  • High School: Ramona
  • High School: Ramona
  • High School2: RAMONA

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard
  • Lot Size Sq Ft: 8712.00
  • Lot Size Acres: 0.2000

Multi Family

  • Lease Considered: No
  • Lot Size Area: 8712.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 311.00
  • Tax Lot: 13
  • Tax Tract Number: 031100
  • TaxOtherAnnualAssessmentAmount: 85.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 26, 2021
Closed on
Jan 18, 2022
Sold by
Devin Hardy
Bought by
Lueder Ginko
Seller's Agent
Richard Merlin
RICH MERLIN REALTY
Buyer's Agent
Ricardo Ochoa
KELLER WILLIAMS BEVERLY HILLS
List Price
$585,000
Sold Price
$560,000
Premium/Discount to List
-$25,000
-4.27%
Current Estimated Value
$635,899

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$75,899
Avg. Annual Appreciation
3.36%
Original Mortgage
$543,200
Outstanding Balance
$505,362
Interest Rate
3.55%
Mortgage Type
New Conventional
Estimated Equity
$122,926

Purchase Details

Closed on
Aug 18, 2003
Sold by
Maxwell Marian C
Bought by
Maxwell Marian C and Marian C Maxwell Trust
Source: Public Records

Range of Values:

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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
Lueder Ginko -- None Listed On Document
Lueder Ginko $560,000 By Tt Recording Requested
Maxwell Marian C -- --
Maxwell Marian C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Record Owner $543,200
Closed Lueder Ginko $543,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/10/2022 02/10/22 Sold $560,000 -4.3% $282 / Sq Ft
01/07/2022 01/07/22 Pending -- -- --
08/26/2021 08/26/21 For Sale $585,000 -- $295 / 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 $2,588 $433,428 $60,000 $373,428
2023 $2,588 $191,466 $75,000 $116,466
2022 $6,685 $595,000 $149,000 $446,000
2021 $2,005 $172,215 $38,253 $133,962
2020 $1,991 $170,450 $37,861 $132,589
2019 $1,954 $167,109 $37,119 $129,990
2018 $1,917 $163,834 $36,392 $127,442
2017 $1,883 $160,623 $35,679 $124,944
2016 $1,766 $157,475 $34,980 $122,495
2015 $1,740 $155,111 $34,455 $120,656
2014 $1,723 $152,075 $33,781 $118,294
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2022

    Richard Merlin

    RICH MERLIN REALTY

    (951) 781-7012

    1 in this area

    10 Total Sales

    Section Image

  • R

    Buyer's Agent in 2022

    Ricardo Ochoa

    KELLER WILLIAMS BEVERLY HILLS

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV21189145

California Regional Multiple Listing Service (CRMLS)

APN: 225-112-038

California Riverside County Riverside 92506 Magnolia Center

6550 Palm Ave, Riverside, CA

This home is located at 6550 Palm Ave, Riverside, CA 92506 since 26 August 2021 and is currently estimated at $650,138, approximately $327 per square foot. This property was built in 1931. 6550 Palm Ave is a home located in Riverside County with nearby schools including Pachappa Elementary School, Sierra Middle School, and Ramona 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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