7515 Magnolia Ave Riverside, CA 92504
Ramona Neighborhood
2
Beds
1
Bath
987
Sq Ft
7,840
Sq Ft Lot
Highlights
- Neighborhood Views
- Patio
- Dining Area
- Cooling System Mounted To A Wall/Window
- Living Room
- Wood Fence
About This Home
As of August 2024Introducing a rare gem in the coveted Ramona neighborhood, available for the first time in 38 years! This 2 bed, 1 bath starter home has incredible potential and is perfect as an income-producing investment property or for first time home buyers- ready to make it their own with some cosmetic updates. Nestled on a generous 7,840 square foot lot, the property boasts a spacious front yard & an expansive backyard complete with mature shade trees, citrus fruit trees & a large covered patio. The fully fenced backyard is perfect for outdoor entertaining & future landscaping projects. The property features a detached two-car garage great for storage or as a potential ADU. Located in the much sought after beautiful, tree lined area of Magnolia Center this home is close to everything! This prime area is a short walking distance to all three schools, and near Cal Baptist University, Riverside Plaza & Downtown Riverside. Incredible access to local amenities including shopping, restaurants, movie theater, public transportation & more! Don’t miss out on this unique opportunity!
Last Agent to Sell the Property
Keller Williams Realty License #02027019 Listed on: 06/14/2024
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,412
Year Built
- Built in 1951
Lot Details
- 7,840 Sq Ft Lot
- Wood Fence
- Brick Fence
- Level Lot
Parking
- 2 Car Garage
- Rear-Facing Garage
- Single Garage Door
- Garage Door Opener
- Assigned Parking
Home Design
- Shingle Roof
- Composition Roof
- Asphalt Roof
Interior Spaces
- 987 Sq Ft Home
- 1-Story Property
- Living Room
- Dining Area
- Neighborhood Views
Kitchen
- Gas Oven
- Stove
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Full Bathroom
Laundry
- Laundry in Garage
- Washer and Gas Dryer Hookup
Outdoor Features
- Patio
Utilities
- Cooling System Mounted To A Wall/Window
- Gravity Heating System
Listing and Financial Details
- Assessor Parcel Number 227-243-029
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 14, 2024
Closed on
Jul 2, 2024
Sold by
Salazar Christine Varney
Bought by
Salazar Arnold B
Seller's Agent
Nicole Martinez
Keller Williams Realty
Buyer's Agent
Frank Martinez
eXp Realty of California Inc
List Price
$449,900
Sold Price
$485,000
Premium/Discount to List
$35,100
7.8%
Views
94
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.15%
Original Mortgage
$363,750
Outstanding Balance
$359,961
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
$134,629
Purchase Details
Listed on
Jun 14, 2024
Closed on
Jun 25, 2024
Sold by
Salazar Arnoldo B
Bought by
Cisneros Leanne M
Seller's Agent
Nicole Martinez
Keller Williams Realty
Buyer's Agent
Frank Martinez
eXp Realty of California Inc
List Price
$449,900
Sold Price
$485,000
Premium/Discount to List
$35,100
7.8%
Views
94
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$363,750
Outstanding Balance
$359,961
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
$134,629
Similar Homes in Riverside, CA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | -- | First American Title | |
| Grant Deed | -- | First American Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $363,750 | New Conventional | |
| Previous Owner | $64,000 | Unknown |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/30/2025 06/30/25 | For Rent | $2,995 | 0.0% | -- |
| 08/01/2024 08/01/24 | Sold | $485,000 | +7.8% | $491 / Sq Ft |
| 06/20/2024 06/20/24 | Pending | -- | -- | -- |
| 06/14/2024 06/14/24 | For Sale | $449,900 | -- | $456 / Sq Ft |
Source: San Diego MLS
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2023 | $1,412 | $120,541 | $47,832 | $72,709 |
| 2022 | $1,381 | $118,179 | $46,895 | $71,284 |
| 2021 | $1,377 | $115,863 | $45,976 | $69,887 |
| 2020 | $1,367 | $114,676 | $45,505 | $69,171 |
| 2019 | $1,342 | $112,428 | $44,613 | $67,815 |
| 2018 | $1,317 | $110,225 | $43,739 | $66,486 |
| 2017 | $1,295 | $108,065 | $42,882 | $65,183 |
| 2016 | $1,215 | $105,947 | $42,042 | $63,905 |
| 2015 | $1,197 | $104,357 | $41,411 | $62,946 |
| 2014 | $1,186 | $102,314 | $40,600 | $61,714 |
Source: Public Records
Agents Affiliated with this Home
-
Frank Martinez
F
Seller's Agent in 2025
Frank Martinez
eXp Realty of California Inc
(888) 584-9427
1 in this area
104 Total Sales
-
Nicole Martinez
Seller's Agent in 2024
Nicole Martinez
Keller Williams Realty
(619) 200-8467
1 in this area
7 Total Sales
-
Maria Gaughan
M
Seller Co-Listing Agent in 2024
Maria Gaughan
Keller Williams Realty
(858) 775-4304
1 in this area
27 Total Sales
Map
Source: San Diego MLS
MLS Number: 240013613
APN: 227-243-029
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