Marino Morales
BETTER HOMES AND GARDENS REAL ESTATE CHAMPIONS
(951) 476-2542
41 Total Sales
1 in Magnolia Center
$560,000 Price
7499 Potomac St Riverside, CA 92504
Magnolia Center NeighborhoodEstimated Value: $661,000 - $1,082,882
6
Beds
4
Baths
2,640
Sq Ft
$298/Sq Ft
Est. Value
About This Home
As of January 2012Seller willing to negotiate. Well maintained Tri-Plex, close to all schools K-12. All units were recently remodeled with new tile, stoves, sinks and new carpet. 3 individual & secure garages with one for each unit, along with additional parking spaces accessible through driveway. Lot size 7,841.
Unit A- 2 bedroom/2bath (1100sf) with annual scheduled rent of $13,800
Unit B- 2 bedroom/1bath ( 830sf) with annual scheduled rent of $11,520
Unit C- 2 bedroom/1bath ( 830sf) with annual scheduled rent of $12,000
GSI: $37,320/yr--with property taxes, $2,600/yr; gardner, $1,680/yr; water & Trash $1200/yr; Insurance $2,000/yr.
Vacancy reserves: 5% vacancy, 5% maintenance, Cap rate 7%, GRM: 10.45. Sellers choice of services. Buyers to satisfy themselves as to all aspects of this property. Sellers are motivated due to recent divorce. Make Offer-All reasonable offers will be reviewed. Call Agent with any questions
DRIVE BY ONLY--DO NOT DISTURB TENANTS.
Last Agent to Sell the Property
MIKE SCOTT
HELP-U-SELL INDEPENDENCE RLTY License #01408098 Listed on: 03/15/2011
Co-Listed By
BETTY SCOTT
HELP-U-SELL INDEPENDENCE RLTY License #1822816
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1952
Lot Details
- 7,841 Sq Ft Lot
Parking
- 3 Car Garage
- Parking Available
- Assigned Parking
Home Design
- 2,640 Sq Ft Home
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Bathrooms
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas
- Tax Lot 20
- Tax Tract Number 902
- Assessor Parcel Number 230121016
Community Details
Overview
- 2 Buildings
- 3 Units
Building Details
- 3 Leased Units
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- Gardener Expense $1,680
- Insurance Expense $2,000
- Other Expense $2,600
- Trash Expense $600
- Water Sewer Expense $600
- Net Operating Income $27,974
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 15, 2011
Closed on
Jan 4, 2012
Sold by
Bought by
Seller's Agent
MIKE SCOTT
HELP-U-SELL INDEPENDENCE RLTY
Buyer's Agent
Mimi Pardini
M P Properties International
List Price
$450,000
Sold Price
$350,000
Premium/Discount to List
-$100,000
-22.22%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$436,471
Avg. Annual Appreciation
5.74%
Original Mortgage
$262,500
Interest Rate
3.88%
Mortgage Type
Commercial
Purchase Details
Listed on
Mar 15, 2011
Closed on
Dec 12, 2011
Sold by
Bought by
Seller's Agent
MIKE SCOTT
HELP-U-SELL INDEPENDENCE RLTY
Buyer's Agent
Mimi Pardini
M P Properties International
List Price
$450,000
Sold Price
$350,000
Premium/Discount to List
-$100,000
-22.22%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$262,500
Interest Rate
3.88%
Mortgage Type
Commercial
Purchase Details
Closed on
Jan 12, 2000
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
8.27%
Mortgage Type
Commercial
Purchase Details
Closed on
Apr 5, 1994
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Magnolia Center, CA
-
Marino Morales
-
Nicole Jones
Nicole Jones
HOMESMART, EVERGREEN REALTY
(909) 443-1851
169 Total Sales
5 in Magnolia Center
$540K - $599K Price Range
-
SUSAN BENSON
SUSAN BENSON
Responds QuicklyHOMESMART, EVERGREEN REALTY
(951) 307-1620
29 Total Sales
1 in Magnolia Center
$540,000 Price
-
Michael Barragan
Michael Barragan
AMERIPRIDE PROPERTIES
(909) 442-1231
43 Total Sales
1 in Magnolia Center
$585,000 Price
-
Tammi Schilling-Garland
Tammi Schilling-Garland
Century 21 Garland
(657) 332-2767
43 Total Sales
1 in Magnolia Center
$410,000 Price
-
Edward Mazmanian
Edward Mazmanian
Re/Max Partners
(951) 476-2534
73 Total Sales
5 in Magnolia Center
$530K - $885K Price Range
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 |
|---|---|---|---|
| -- | Equity Title Company | ||
| $350,000 | Equity Title Company | ||
| $199,000 | Chicago Title Co | ||
| -- | -- |
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 |
|---|---|---|---|
| Open | $362,000 | ||
| Closed | $22,500 | ||
| Closed | $314,300 | ||
| Closed | $280,000 | ||
| Previous Owner | $262,500 | ||
| Previous Owner | $290,000 | ||
| Previous Owner | $150,500 | ||
| Previous Owner | $135,000 |
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 |
|---|---|---|---|---|
| 01/31/2012 01/31/12 | Sold | $350,000 | -22.2% | $133 / Sq Ft |
| 12/10/2011 12/10/11 | Pending | -- | -- | -- |
| 03/15/2011 03/15/11 | For Sale | $450,000 | -- | $170 / 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 | $4,995 | $448,394 | $64,049 | $384,345 |
| 2025 | $4,833 | $439,603 | $62,794 | $376,809 |
| 2023 | $4,833 | $422,534 | $60,356 | $362,178 |
| 2022 | $4,724 | $414,250 | $59,173 | $355,077 |
| 2021 | $4,664 | $406,128 | $58,013 | $348,115 |
| 2020 | $4,629 | $401,965 | $57,419 | $344,546 |
| 2019 | $4,544 | $394,085 | $56,294 | $337,791 |
| 2018 | $4,456 | $386,359 | $55,191 | $331,168 |
| 2017 | $4,378 | $378,784 | $54,109 | $324,675 |
| 2016 | $4,100 | $371,358 | $53,049 | $318,309 |
| 2015 | $4,043 | $365,782 | $52,253 | $313,529 |
| 2014 | $4,006 | $358,620 | $51,231 | $307,389 |
Source: Public Records
Agents Affiliated with this Home
-
M
Seller's Agent in 2012
MIKE SCOTT
HELP-U-SELL INDEPENDENCE RLTY
-
B
Seller Co-Listing Agent in 2012
BETTY SCOTT
HELP-U-SELL INDEPENDENCE RLTY
-
Mimi Pardini
Buyer's Agent in 2012
Mimi Pardini
M P Properties International
(949) 500-3628
3 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: I11032990
APN: 230-121-016
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.
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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