NOT LISTED FOR SALE

Estimated Value: $272,822 - $300,000

2 Beds
2 Baths
1,185 Sq Ft
1,307 Sq Ft Lot

Sale Details

Date Sold: May 14, 2026

Last sale price $240,000 $203 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $2,262 / mo

9 Days on Market

Highlights

  • Bonus Room
  • Community Pool
  • Central Heating and Cooling System
  • Neighborhood Views
  • Balcony
  • 1-minute walk to Low Park

About This Home

As of May 2026

Welcome to Magnolia Palms, a gated condominium community located in the heart of Riverside. This spacious 2-bedroom, 2-bathroom unit offers approximately 1,005 sq ft of living space and is located on the third floor with convenient elevator access.
The home features a bright and open living and dining area with large sliding glass doors and wall-to-wall windows that bring in plenty of natural light and provide views of the community pool area. The kitchen offers ample cabinetry and counter space and opens to the living area, making it ideal for everyday living and entertaining.
In addition to the two bedrooms, the unit includes a bonus room that can be used as a home office, den, or additional flexible living space. One of the unique features of this unit is the large wrap-around rear patio, offering extended outdoor space that is perfect for relaxing, entertaining, or enjoying the community views.
Additional features include central heating and air conditioning, in-unit laundry hookups, and access to the community’s amenities including a pool, controlled access entry, and landscaped common areas.
Conveniently located near shopping, dining, schools, parks, and with easy access to major commuter routes including the 91 freeway.
Bank-owned property being sold as-is.

Last Agent to Sell the Property

CARLOS SANDOVAL

SIERRA REALTY FONTANA INC Brokerage Phone: 909-553-1630 License #01281494 Listed on: 03/18/2026

Co-Listed By

Mike Fill

SIERRA REALTY FONTANA INC Brokerage Phone: 909-553-1630 License #01355750

Last Buyer's Agent

CARLOS SANDOVAL

SIERRA REALTY FONTANA INC Brokerage Phone: 909-553-1630 License #01281494 Listed on: 03/18/2026

Range of Values:

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Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Property Details

Home Type

  • Condominium

Year Built

  • Built in 1959

Lot Details

  • 1,307

HOA Fees

  • $430 Monthly HOA Fees

Parking

  • 1 Car Garage

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 1,185 Sq Ft Home
  • 1-Story Property
  • Bonus Room
  • Neighborhood Views

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry in unit
  • Stacked Washer and Dryer

Additional Features

  • Balcony
  • 1 Common Wall
  • Suburban Location
  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 5610
  • Assessor Parcel Number 226212056
  • $56 per year additional tax assessments

Community Details

Overview

  • 120 Units
  • Magnolia Palms Association, Phone Number (951) 601-1170
  • Cobalt Property Management/ HOA

Amenities

  • Laundry Facilities

Recreation

  • Community Pool

Property Details

Home Type

Condominium

Year Built

Built in 1959

Lot Details

1,307 Sq Ft Lot

HOA Fees

$430 per month

Parking

1

Listing Details

  • Structure Type: Multi Family
  • Assessments: Yes
  • Property Attached: Yes
  • View: Yes
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 226212056
  • Year Built: 1959
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1185.00 Square Feet
  • Interior Amenities: Balcony
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Entry Level: 1
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 202.53
  • Room Type: Bonus Room

Exterior Features

  • View: Neighborhood
  • Pool Features: Association
  • Pool Private: No

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

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

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool
  • Association Fee: 430.00
  • Association Fee Frequency: Monthly
  • Association Name: Magnolia Palms
  • Phone: (951) 601-1170
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Suburban
  • Association Management: Cobalt Property Management/

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Size Sq Ft: 1307.00
  • Lot Size Acres: 0.0300

Multi Family

  • Lease Considered: No
  • Lot Size Area: 1307.0000 Square Feet
  • Number Of Units In Community: 120
  • Number Of Units Total: 1

Tax Info

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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 18, 2026
Closed on
Mar 30, 2026
Sold by
Smith Carol
Bought by
Seller's Agent
CARLOS SANDOVAL
SIERRA REALTY FONTANA INC
Buyer's Agent
CARLOS SANDOVAL
SIERRA REALTY FONTANA INC
List Price
$260,000
Sold Price
$240,000
Premium/Discount to List
-$20,000
-7.69%
Views
37
Current Estimated Value
$282,274

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$42,274
Avg. Annual Appreciation
78.50%

Purchase Details

Closed on
Dec 31, 2024
Sold by
Chicago Title Company
Bought by
Smith Roy and Smith Carol H

Purchase Details

Closed on
Sep 5, 2018
Sold by
Smith Roy and Smith Carol H
Bought by
Liceaga Giancarlo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 5, 2005
Sold by
Smith Roy and Smith Carol H
Bought by
Smith Roy and Smith Carol H

Purchase Details

Closed on
Nov 13, 2000
Sold by
Johnson Carol J
Bought by
Smith Roy and Smith Carol H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
7.45%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 24, 2000
Sold by
Johnson Carol J
Bought by
Johnson Carol J and Johnson Family Trust

Purchase Details

Closed on
Jun 20, 1996
Sold by
Johnson Oliver A and Johnson Carol J
Bought by
Johnson Oliver A and Johnson Carol J

Purchase Details

Closed on
Jul 22, 1994
Sold by
Johnson Oliver A and Johnson Carol J
Bought by
Johnson Oliver A and Johnson Carol J
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Magnolia Center, CA

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$240,000 Chicago Title
Smith Roy $101,755 Chicago Title
Liceaga Giancarlo $150,000 Chicago Title Company
Smith Roy -- --
Smith Roy $70,000 First American Title Co
Johnson Carol J -- --
Johnson Oliver A -- --
Johnson Oliver A -- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $80,000
Previous Owner Liceaga Giancarlo $81,000
Previous Owner Smith Roy $50,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
05/14/2026 05/14/26 Sold $240,000 -7.7% $203 / Sq Ft
03/27/2026 03/27/26 Pending -- -- --
03/18/2026 03/18/26 For Sale $260,000 -- $219 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $3,385 $306,000 $91,800 $214,200
2025 $3,385 $300,000 $90,000 $210,000
2023 $2,569 $225,159 $53,609 $171,550
2022 $2,511 $220,745 $52,558 $168,187
2021 $2,488 $216,418 $51,528 $164,890
2020 $2,469 $214,200 $51,000 $163,200
2019 $2,424 $210,000 $50,000 $160,000
2018 $1,111 $92,676 $19,852 $72,824
2017 $1,092 $90,860 $19,463 $71,397
2016 $1,025 $89,080 $19,082 $69,998
2015 $1,010 $87,745 $18,797 $68,948
2014 $1,000 $86,029 $18,430 $67,599
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV26047444

California Regional Multiple Listing Service (CRMLS)

APN: 226-212-056

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