NOT LISTED FOR SALE

7432 Potomac St Riverside, CA 92504

Magnolia Center Neighborhood

Estimated Value: $591,310 - $869,000

2 Beds
1 Bath
1,589 Sq Ft
$445/Sq Ft Est. Value

Last Sold April 22, 2019

Last sale price $375,000 $236 Per Sq Ft

Est. 88% increase in value since last sale

Current estimated payment $4,126/month

8 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • No Heating
  • Living Room
  • Paved or Partially Paved Lot
  • 1-Story Property

About This Home

As of April 2019

** Investor Rental Duplex Property ** Each of the units contains 2 bedrooms and 1 full bath. Long term tenants in place. 2 single garages. Centrally located on a beautiful tree-lined street, close to shopping and schools. One of the units has its own private yard.

Last Agent to Sell the Property

Rupi Azrot

OFFERCITY HOMES License #02050423 Listed on: 03/11/2019

Last Buyer's Agent

Visakha Sir

Circle Real Estate License #01980472

Circle Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,577

Year Built

  • Built in 1952

Lot Details

  • 7,405 Sq Ft Lot
  • No Common Walls
  • Paved or Partially Paved Lot
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Fire Rated Drywall

Interior Spaces

  • 1,589 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Laundry Room

Kitchen

  • Gas Range
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Utilities

  • No Heating

Listing and Financial Details

  • Tenant pays for electricity, gas, sewer, trash collection
  • Tax Lot 28
  • Tax Tract Number 314
  • Assessor Parcel Number 230122008

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $68
  • Trash Expense $60
  • Operating Expense $128
  • Net Operating Income $28,440

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,577

Year Built

Built in 1952

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Zoning: R2
  • Property Type: Residential Income
  • Parcel Number: 230122008
  • Year Built: 1952
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 236.00
  • Room Type: All Bedrooms Down, Kitchen, Living Room

Exterior Features

  • Pool Private: No
  • Construction Materials: Drywall Walls

Garage/Parking

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

Utilities

  • Heating: No
  • Laundry: Yes
  • Appliances: Disposal, Gas Range
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 60.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Paved
  • Lot Size Sq Ft: 7405.00
  • Lot Size Acres: 0.1700

Rental Info

  • Tenant Pays: Electricity, Gas, Sewer, Trash Collection

Multi Family

  • Gross Scheduled Income: 30000.00
  • Insurance Expense: 68.00
  • Lot Size Area: 7405.0000 Square Feet
  • Net Operating Income: 28440.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 1560.00
  • Rent Control: No
  • Total Actual Rent: 2500.00
  • Total Expenses: 128.00

Tax Info

  • Tax Census Tract: 314.01
  • Tax Lot: 28
  • Tax Tract Number: 314.01

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 11, 2019
Closed on
Mar 20, 2019
Sold by
Zamora Jonathan R and Zamora Lourdes P
Bought by
Hov Tochinda
Seller's Agent
Rupi Azrot
OFFERCITY HOMES
Buyer's Agent
Visakha Sir
Circle Real Estate
List Price
$399,000
Sold Price
$375,000
Premium/Discount to List
-$24,000
-6.02%
Current Estimated Value
$706,328

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$331,328
Avg. Annual Appreciation
10.31%
Original Mortgage
$225,000
Outstanding Balance
$197,813
Interest Rate
4.4%
Mortgage Type
New Conventional
Estimated Equity
$508,515

Purchase Details

Listed on
Feb 12, 2016
Closed on
Feb 24, 2016
Sold by
Moreno Alvador
Bought by
Zamora Jonathan R and Zamora Lourdes P
Seller's Agent
Joseph Martinez
CENTURY 21 REALTY MASTERS
Buyer's Agent
Yulia Basabilvazo
Elevate Real Estate Agency
List Price
$345,000
Sold Price
$350,000
Premium/Discount to List
$5,000
1.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.32%

Purchase Details

Closed on
Jul 22, 2009
Sold by
Soto Sandra Patricia
Bought by
Moreno Salvador

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,834
Interest Rate
5.3%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 22, 2009
Sold by
Meeks Richard
Bought by
Moreno Salvador

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,834
Interest Rate
5.3%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 7, 2001
Sold by
Meeks Edith L
Bought by
Meeks Edith L and Meeks Family Trust
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
Hov Tochinda $375,000 Usa National Title Co
Zamora Jonathan R $350,000 Chicago Title Company
Moreno Salvador -- Ticor Title Company
Moreno Salvador $240,000 Ticor Title Company
Meeks Edith L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hov Tochinda $225,000
Previous Owner Moreno Salvador $225,834
Closed Zamora Jonathan R $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/22/2019 04/22/19 Sold $375,000 -6.0% $236 / Sq Ft
03/19/2019 03/19/19 Pending -- -- --
03/11/2019 03/11/19 For Sale $399,000 +14.0% $251 / Sq Ft
04/20/2016 04/20/16 Sold $350,000 +1.4% $220 / Sq Ft
02/23/2016 02/23/16 Pending -- -- --
02/12/2016 02/12/16 For Sale $345,000 -- $217 / 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 $4,577 $418,314 $83,662 $334,652
2023 $4,577 $402,072 $80,414 $321,658
2022 $4,474 $394,189 $78,838 $315,351
2021 $4,417 $386,461 $77,293 $309,168
2020 $4,384 $382,499 $76,501 $305,998
2019 $4,262 $371,422 $95,508 $275,914
2018 $4,180 $364,140 $93,636 $270,504
2017 $4,106 $357,000 $91,800 $265,200
2016 $2,901 $261,689 $54,515 $207,174
2015 $2,860 $257,761 $53,698 $204,063
2014 $2,834 $252,715 $52,648 $200,067
Source: Public Records

Agents Affiliated with this Home

  • Rupi Azrot

    Seller's Agent in 2019

    Rupi Azrot

    OFFERCITY HOMES

    (951) 638-4477

    82 Total Sales

    Rupi Azrot
    Section Image
  • Visakha Sir

    Buyer's Agent in 2019

    Visakha Sir

    Circle Real Estate

    (562) 310-3742

    129 Total Sales

    Visakha Sir
    Section Image

  • J

    Seller's Agent in 2016

    Joseph Martinez

    CENTURY 21 REALTY MASTERS

    (323) 722-7300

    5 Total Sales

    Joseph Martinez
    Section Image

  • Y

    Buyer's Agent in 2016

    Yulia Basabilvazo

    Elevate Real Estate Agency

    (951) 264-4769

    33 Total Sales

    Yulia Basabilvazo
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV19054899

California Regional Multiple Listing Service (CRMLS)

APN: 230-122-008

California Riverside County Riverside 92504 Magnolia Center

7432 Potomac St, Riverside, CA

This home is located at 7432 Potomac St, Riverside, CA 92504 since 11 March 2019 and is currently estimated at $706,328, approximately $444 per square foot. This property was built in 1952. 7432 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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