NOT LISTED FOR SALE

7414 Potomac St Riverside, CA 92504

Magnolia Center Neighborhood

Estimated Value: $601,087 - $690,000

4 Beds
2 Baths
1,615 Sq Ft
$403/Sq Ft Est. Value

Last Sold March 03, 2015

Last sale price $330,000 $204 Per Sq Ft

Est. 97% increase in value since last sale

Current estimated payment $3,812/month

15 Days on Market

Highlights

  • Contemporary Architecture
  • Laundry Room
  • Turnkey
  • No HOA
  • Central Air
  • Rectangular Lot

About This Home

As of March 2015

Charming Duplex on a tree lined street, two units with two bedrooms and 1 bath each... Each unit features large living spaces including large living rooms, , Kitchen,, Indoor laundry, Full Bathrooms with shower tub combo... Each unit has it's own single car garage.
Each unit has its own electric and gas meter, shared water
conveniently located within walking distance to schools, stores and transportation.

Last Agent to Sell the Property

Paul Correa

NATIONAL REALTY GROUP License #01278475 Listed on: 01/15/2015

NATIONAL REALTY GROUP

Last Buyer's Agent

RICHARD PAUL

BERKSHIRE HATHAWAY HOMESERVICES CALIFORNIA REALTY License #00606599

BERKSHIRE HATHAWAY HOMESERVICES CALIFORNIA REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,345

Year Built

  • Built in 1951

Lot Details

  • 7,405 Sq Ft Lot
  • 1 Common Wall
  • Chain Link Fence
  • Rectangular Lot
  • Level Lot
  • Front Yard Sprinklers
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • 1,615 Sq Ft Home
  • Contemporary Architecture
  • Property Attached
  • Turnkey
  • Slab Foundation
  • Composition Roof
  • Wood Siding
  • Stucco

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Utilities

  • Central Air
  • Wall Furnace

Additional Features

  • Laundry Room
  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, trash collection
  • Tax Lot 30
  • Tax Tract Number 31401
  • Assessor Parcel Number 230122010

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Amenities

  • Laundry Facilities

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $720
  • Water Sewer Expense $504
  • New Taxes Expense $3,656
  • Gross Income $2,040
  • Net Operating Income $23,640

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,345

Year Built

Built in 1951

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • View: No
  • Water Sewer Expenses: 504.00
  • Architectural Style: Contemporary
  • Property Condition: Turnkey
  • Property Type: Residential Income
  • Parcel Number: 230122010
  • Year Built: 1951
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Vinyl
  • Levels: One
  • Price Per Square Foot: 204.33

Exterior Features

  • Foundation: Slab
  • Fencing: Chain Link
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Natural Gas Available, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Electric: Electricity - On Property
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Lot Features: 0-1 Unit/Acre, Level, Rectangular Lot, Level with Street, Sprinklers In Front
  • Lot Size Sq Ft: 7405.00
  • Lot Size Acres: 0.1700

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Trash Collection

Multi Family

  • Gross Income: 2040.00
  • Gross Scheduled Income: 24540.00
  • Insurance Expense: 720.00
  • Lot Size Area: 7405.0000 Square Feet
  • Net Operating Income: 23640.00
  • 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: 900.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 3656.00
  • Tax Lot: 30
  • Tax Tract Number: 31401

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 13, 2017
Sold by
Mcgrath Julie and Mcgrath James
Bought by
Mcgrath James Charles and Mcgrath Julie Anne
Current Estimated Value
$650,772

Purchase Details

Listed on
Jan 15, 2015
Closed on
Feb 4, 2015
Sold by
Smith Michael and Smith Sandra
Bought by
Mcgrath James and Mcgrath Julie
Seller's Agent
Paul Correa
NATIONAL REALTY GROUP
Buyer's Agent
RICHARD PAUL
BERKSHIRE HATHAWAY HOMESERVICES CALIFORNIA REALTY
List Price
$329,000
Sold Price
$330,000
Premium/Discount to List
$1,000
0.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.63%
Original Mortgage
$264,000
Outstanding Balance
$201,003
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$449,769

Purchase Details

Listed on
Jul 10, 2012
Closed on
Jul 27, 2012
Sold by
Spires Larry and Spires Valerie
Bought by
Smith Michael and Smith Sandra
Seller's Agent
Jenny Miedema
Liberty Real Estate Services
Buyer's Agent
Nancy Dame
Remax Real Pros
List Price
$275,000
Sold Price
$275,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.53%
Original Mortgage
$206,250
Interest Rate
3.49%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 7, 2011
Sold by
Pupa Anthony B and Grasso Rose Mary
Bought by
Spires Larry and Spires Valerie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,250
Interest Rate
4.43%
Mortgage Type
New Conventional
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
Mcgrath James Charles -- None Available
Mcgrath James $330,000 First American Title Company
Smith Michael $275,000 Title 365
Spires Larry $235,000 Stewart Title
Pupa Anthony B -- Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcgrath James $264,000
Previous Owner Smith Michael $206,250
Previous Owner Spires Larry $176,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/03/2015 03/03/15 Sold $330,000 +0.3% $204 / Sq Ft
01/30/2015 01/30/15 Pending -- -- --
01/15/2015 01/15/15 For Sale $329,000 +19.6% $204 / Sq Ft
08/29/2012 08/29/12 Sold $275,000 0.0% $170 / Sq Ft
07/19/2012 07/19/12 Pending -- -- --
07/10/2012 07/10/12 For Sale $275,000 -- $170 / 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 $4,345 $396,601 $84,123 $312,478
2023 $4,345 $381,202 $80,857 $300,345
2022 $4,247 $373,728 $79,272 $294,456
2021 $4,195 $366,401 $77,718 $288,683
2020 $4,163 $362,645 $76,922 $285,723
2019 $4,086 $355,535 $75,414 $280,121
2018 $4,007 $348,565 $73,937 $274,628
2017 $3,937 $341,732 $72,488 $269,244
2016 $3,686 $335,032 $71,067 $263,965
2015 $3,117 $281,765 $51,229 $230,536
2014 $3,088 $276,248 $50,227 $226,021
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2015

    Paul Correa

    NATIONAL REALTY GROUP

    (909) 633-5405

    3 Total Sales

    Paul Correa
    Section Image

  • R

    Buyer's Agent in 2015

    RICHARD PAUL

    BERKSHIRE HATHAWAY HOMESERVICES CALIFORNIA REALTY

    (951) 236-5895

    12 Total Sales

    RICHARD PAUL
    Section Image

  • J

    Seller's Agent in 2012

    Jenny Miedema

    Liberty Real Estate Services

  • N

    Buyer's Agent in 2012

    Nancy Dame

    RE/MAX

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV15009570

California Regional Multiple Listing Service (CRMLS)

APN: 230-122-010

California Riverside County Riverside 92504 Magnolia Center

7414 Potomac St, Riverside, CA

This home is located at 7414 Potomac St, Riverside, CA 92504 since 15 January 2015 and is currently estimated at $650,772, approximately $402 per square foot. This property was built in 1951. 7414 Potomac St is a home located in Riverside County with nearby schools including Madison 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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