NOT LISTED FOR SALE

Magnolia Palms Condominiums 6979 Palm Ct Unit 101 Riverside, CA 92506

Magnolia Center Neighborhood

Estimated Value: $263,000 - $319,420

1 Bed
1 Bath
763 Sq Ft
$330/mo HOA Fee

Last Sold April 28, 2023

Last sale price $276,000 $362 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $2,079/month

24 Days on Market

Highlights

  • Main Floor Bedroom
  • 1 Car Attached Garage
  • Laundry Room
  • Community Pool
  • Views
  • 1-minute walk to Low Park

About This Home

As of April 2023

Single level, first floor condo located in the Magnolia Palms building in riverside! This Mid-Century inspired unit matches the ascetic of the Palms building perfectly! Listed at only $274,900 this well priced home is perfect for any buyer! One Bedroom, one full bathroom with indoor laundry, covered / gated parking this unit has it all. Recent upgrades include all new flooring, paint, modern light fixtures and bathroom overhaul. Located in the center of riverside, this unit is close to Riverside Plaza Shopping and entertainment, freeways, parks, UCR, Cal Baptist and riverside city college. While touring this building, please pay close attention to the quality of life this property brings, examples being. Main floor access, large sliding glass doors, quick access to parking garage, oversized storage unit in parking garage, perfect distance to the pool. These walkable, affordable units are quickly going away! Make this one a “Must see”

Last Agent to Sell the Property

Wes Hankins

Realty Vault License #01463039 Listed on: 03/11/2023

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1959

Lot Details

  • No Units Located Below
  • Two or More Common Walls

HOA Fees

  • $330 Monthly HOA Fees

Parking

  • 1 Car Attached Garage

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 763 Sq Ft Home
  • 1-Story Property
  • Laundry Room
  • Property Views

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Additional Features

  • Exterior Lighting
  • Urban Location
  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 5610
  • Assessor Parcel Number 226211001
  • $56 per year additional tax assessments

Community Details

Overview

  • 320 Units
  • Magnolia Palms Association, Phone Number (949) 465-2412

Recreation

  • Community Pool
  • Community Spa

Property Details

Home Type

Condominium

Year Built

Built in 1959

Lot Details

0

HOA Fees

$330 per month

Parking

1

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: Yes
  • Subdivision Name Other: Magnolia Palms
  • View: Yes
  • Zoning: R3
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 226211001
  • Year Built: 1959
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 763.00 Square Feet
  • Stories: 1
  • Common Walls: 2+ Common Walls, No One Below
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Entry Level: 1
  • Levels: One
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 361.73
  • Room Type: All Bedrooms Down, Main Floor Bedroom, Master Bedroom

Exterior Features

  • Pool Features: Community
  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Amenities: Pool, Spa/Hot Tub
  • Association Fee: 330.00
  • Association Fee Frequency: Monthly
  • Association Name: Magnolia Palms
  • Phone: 9494652412
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Sidewalks, Storm Drains, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Size Sq Ft: 871.00
  • Lot Size Acres: 0.0200
  • Latitude Manual: 33.94700900

Multi Family

  • Lease Considered: No
  • Lot Size Area: 871.0000 Square Feet
  • Number Of Units In Community: 320
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 310.01
  • Tax Lot: 1
  • Tax Tract Number: 5610
  • TaxOtherAnnualAssessmentAmount: 56.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 11, 2023
Closed on
Apr 5, 2023
Sold by
Gully Colin Joseph and Gully Penelope Anne
Bought by
Villalobos Maria Daniela
Seller's Agent
Wes Hankins
Realty Vault
List Price
$274,900
Sold Price
$276,000
Premium/Discount to List
$1,100
0.4%
Views
217
Current Estimated Value
$286,605

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,605
Avg. Annual Appreciation
1.39%
Original Mortgage
$262,200
Outstanding Balance
$254,913
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
$31,692

Purchase Details

Listed on
May 4, 2021
Closed on
May 12, 2021
Sold by
Hallac Albert E and Hallac Glenda J
Bought by
Gully Joseph Richard and Gully Penelope Anne
Seller's Agent
jim king
DALE FREITAS REALTY
Buyer's Agent
jim king
DALE FREITAS REALTY
List Price
$225,000
Sold Price
$220,000
Premium/Discount to List
-$5,000
-2.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.19%
Original Mortgage
$209,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 14, 2017
Sold by
Hallac Glenda J
Bought by
Hallac Albert E and Hallac Glenda J

Purchase Details

Closed on
Jul 6, 1994
Sold by
Thomas Gladys M
Bought by
The Thomas Family Trust
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

Date Buyer Sale Price Title Company
Villalobos Maria Daniela $552,000 Stewart Title
Gully Joseph Richard $440,000 Corinthian Title Company
Hallac Albert E -- None Available
The Thomas Family Trust -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Villalobos Maria Daniela $262,200
Previous Owner Gully Joseph Richard $209,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/28/2023 04/28/23 Sold $276,000 +0.4% $362 / Sq Ft
04/04/2023 04/04/23 Pending -- -- --
03/11/2023 03/11/23 For Sale $274,900 +25.0% $360 / Sq Ft
06/30/2021 06/30/21 Sold $220,000 -2.2% $288 / Sq Ft View Prior Sale
05/06/2021 05/06/21 Pending -- -- --
05/04/2021 05/04/21 For Sale $225,000 -- $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 $3,136 $287,150 $86,145 $201,005
2023 $3,136 $228,888 $52,020 $176,868
2022 $2,474 $224,400 $51,000 $173,400
2021 $1,190 $100,042 $22,855 $77,187
2020 $1,181 $99,017 $22,621 $76,396
2019 $1,160 $97,077 $22,178 $74,899
2018 $1,139 $95,175 $21,745 $73,430
2017 $1,119 $130,000 $35,000 $95,000
2016 $976 $91,481 $20,901 $70,580
2015 $964 $90,109 $20,588 $69,521
2014 $953 $88,346 $20,186 $68,160
Source: Public Records

Agents Affiliated with this Home

  • W

    Seller's Agent in 2023

    Wes Hankins

    Realty Vault

    (888) 828-5866

    1 in this area

    29 Total Sales

    Wes Hankins
    Section Image

  • j

    Seller's Agent in 2021

    jim king

    DALE FREITAS REALTY

    (909) 214-6889

    1 in this area

    6 Total Sales

    jim king
    Section Image
See All Agents

About Magnolia Palms Condominiums

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW23040957

California Regional Multiple Listing Service (CRMLS)

APN: 226-211-001

California Riverside County Riverside 92506 Magnolia Center

6979 Palm Ct Unit 101, Riverside, CA

Not Listed for Sale

Condos

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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.

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