NOT LISTED FOR SALE

7451 Mount Vernon St Riverside, CA 92504

Magnolia Center Neighborhood

Estimated Value: $612,140 - $668,000

2 Beds
1 Bath
1,589 Sq Ft
$402/Sq Ft Est. Value

Last Sold March 03, 2017

Last sale price $365,000 $230 Per Sq Ft

Est. 75% increase in value since last sale

Current estimated payment $3,838/month

21 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • 1-Story Property
  • Cooling System Mounted To A Wall/Window

About This Home

As of March 2017

*******NEW NEW******* Wonderful opportunity for your next investment DUPLEX !!! This is a rare find in a desirable area in Riverside each unit 2 bedrooms and full bathroom, each have one car garage and their own yard. Sold As Is One is vacant to view, upgraded new carpet and paint. Easy access to the freeway, close proximity to shopping centers. 7449 & 7451 Mt Vernon Riverside CA 92504

Last Agent to Sell the Property

Anna Velasco Ramirez

ELEVATE REAL ESTATE AGENCY License #02009019 Listed on: 01/11/2017

Last Buyer's Agent

MAXINE DOLES

COLDWELL BANKER REALTY License #01211783

COLDWELL BANKER REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,635

Year Built

  • Built in 1953

Lot Details

  • 6,970 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 6 Open Parking Spaces
  • 2 Car Garage

Home Design

  • Duplex

Interior Spaces

  • 1,589 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Laundry

  • Laundry Room
  • Washer Hookup

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 35
  • Tax Tract Number 5
  • Assessor Parcel Number 230122015

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $400
  • Water Sewer Expense $780
  • New Taxes Expense $4,825
  • Operating Expense $780
  • Gross Income $27,600
  • Net Operating Income $24,420

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,635

Year Built

Built in 1953

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Water Sewer Expenses: 780.00
  • Zoning: R3
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 230122015
  • Year Built: 1953
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 229.70

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 6.00

Utilities

  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6970.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 796 Square Feet
  • Average2 Bed Area: 796 Square Feet
  • Gross Income: 27600.00
  • Gross Scheduled Income: 27600.00
  • Insurance Expense: 400.00
  • Net Operating Income: 24420.00
  • 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: 2400.00
  • Rent Control: No
  • Total Expenses: 780.00

Tax Info

  • New Taxes Expense: 4825.00
  • Tax Census Tract: 314.01
  • Tax Lot: 35
  • Tax Tract Number: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 23, 2021
Sold by
Doles William O and Doles Maxine
Bought by
Mount Vernon Street Trust
Current Estimated Value
$638,535

Purchase Details

Closed on
May 14, 2021
Sold by
Doles William O and Doles Maxine
Bought by
Doles William O and Doles Maxine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$353,500
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 15, 2018
Sold by
Doles William O and Doles Maxine M
Bought by
Mount Vernon Street Trust

Purchase Details

Listed on
Jan 11, 2017
Closed on
Feb 7, 2017
Sold by
Kerns Jerry W and Kerns Rosemarie L
Bought by
Doles William O and Doles Maxine M
Seller's Agent
Anna Velasco Ramirez
ELEVATE REAL ESTATE AGENCY
Buyer's Agent
MAXINE DOLES
COLDWELL BANKER REALTY
List Price
$390,000
Sold Price
$365,000
Premium/Discount to List
-$25,000
-6.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.18%

Purchase Details

Closed on
Apr 30, 2007
Sold by
Kerns Jerry W and Kerns Rosemarie L
Bought by
Jerry W & Rosemarie L Kerns 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
Mount Vernon Street Trust -- None Available
Doles William O -- Ticor Title Company Of Ca
Mount Vernon Street Trust -- None Available
Doles William O $365,000 Pacific Coast Title
Jerry W & Rosemarie L Kerns Family Trust -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Doles William O $353,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/03/2017 03/03/17 Sold $365,000 -6.4% $230 / Sq Ft
01/11/2017 01/11/17 For Sale $390,000 -- $245 / 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 $4,635 $423,609 $116,056 $307,553
2023 $4,635 $407,161 $111,550 $295,611
2022 $4,530 $399,178 $109,363 $289,815
2021 $4,473 $391,352 $107,219 $284,133
2020 $4,440 $387,340 $106,120 $281,220
2019 $4,357 $379,746 $104,040 $275,706
2018 $4,273 $372,300 $102,000 $270,300
2017 $2,581 $220,905 $83,787 $137,118
2016 $2,419 $216,575 $82,145 $134,430
2015 $2,385 $213,323 $80,912 $132,411
2014 $2,363 $209,146 $79,328 $129,818
Source: Public Records

Agents Affiliated with this Home

  • Anna Velasco Ramirez

    Seller's Agent in 2017

    Anna Velasco Ramirez

    ELEVATE REAL ESTATE AGENCY

    (951) 842-4990

    7 Total Sales

    Anna Velasco Ramirez
    Section Image

  • M

    Buyer's Agent in 2017

    MAXINE DOLES

    COLDWELL BANKER REALTY

    (951) 682-1133

    MAXINE DOLES
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV17008904

California Regional Multiple Listing Service (CRMLS)

APN: 230-122-015

California Riverside County Riverside 92504 Magnolia Center

7451 Mount Vernon St, Riverside, CA

This home is located at 7451 Mount Vernon St, Riverside, CA 92504 since 11 January 2017 and is currently estimated at $638,535, approximately $401 per square foot. This property was built in 1953. 7451 Mount Vernon 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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