NOT LISTED FOR SALE

7525 Summit St Riverside, CA 92504

Arlington Heights Neighborhood

Estimated Value: $1,072,000 - $1,237,000

4 Beds
3 Baths
3,107 Sq Ft
$379/Sq Ft Est. Value

Last Sold May 20, 2020

Last sale price $695,000 $224 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $6,936/month

12 Days on Market

Highlights

  • Attached Guest House
  • View of Trees or Woods
  • Contemporary Architecture
  • Horse Property
  • 7.39 Acre Lot
  • Wooded Lot

About This Home

As of May 2020

Once in a lifetime opportunity to own 7.39 acres of orange/citrus groves with a 3 bedroom home with attached granny flat. The main house has 3 and 2 full baths. The entry opens to the formal living room with cozy fireplace and the formal dining room with built-in cabinetry. The family kitchen has a center island with built-in electric cook top, loads of cabinet and counter space. There is a garden window to view the orchard. The expansive family room features retro wood paneling, an open beam vaulted ceiling, built in library book cases and a cozy fireplace. There is also a bonus room with built in cabinetry plus a patio room. The attached structure, which was used as a "mother-in-law suite" or "Granny Flat" has an entrance from garage or via sliding glass door from patio room. It has its own living room, bedroom, kitchen and 3/4 bathroom. This is a great set up for extended families. There is a 3 horse stall structure on the lot. There is a 5 acre minimum in this area, so lot cannot be split - buyer should satisfy self in regards to this matter. This property is being sold as-is - with no termite, no septic inspection and no repairs. Seller to include Gage Canal water shares and Lincoln Heights pump shares in this sale through escrow at no cost to Buyer and Buyer shall pay transfer costs, pro-rations or other fees related to transfer of said shares.

Last Agent to Sell the Property

KAREN TURNER

COLDWELL BANKER REALTY License #01043090 Listed on: 03/18/2020

COLDWELL BANKER REALTY

Last Buyer's Agent

Gary Bottom

COMPASS License #01373459

COMPASS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,240

Year Built

  • Built in 1979

Lot Details

  • 7.39 Acre Lot
  • Level Lot
  • Wooded Lot
  • Private Yard
  • Back and Front Yard
  • Property is zoned RA

Parking

  • 2 Car Attached Garage
  • Parking Available
  • Side Facing Garage

Property Views

  • Woods
  • Neighborhood

Home Design

  • Contemporary Architecture
  • Entry on the 1st floor
  • Fixer Upper
  • Slab Foundation
  • Tile Roof

Interior Spaces

  • 3,107 Sq Ft Home
  • 1-Story Property
  • Garden Windows
  • Entryway
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Laminate Countertops
  • Laundry Room

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms
  • 3 Full Bathrooms

Outdoor Features

  • Horse Property
  • Covered Patio or Porch
  • Shed
  • Outbuilding

Utilities

  • Central Heating and Cooling System
  • Private Water Source
  • Septic Type Unknown

Additional Features

  • Attached Guest House
  • Suburban Location
  • Agricultural

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 16
  • Tax Tract Number 16
  • Assessor Parcel Number 242030027

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,240

Year Built

Built in 1979

Lot Details

0

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • Road Surface Type: Unpaved
  • View: Yes
  • Zoning: RA
  • Architectural Style: Contemporary
  • Property Condition: Fixer
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 242030027
  • Year Built: 1979
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 3107.00 Square Feet
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Vinyl
  • Full Bathrooms: 3
  • Full And Three Quarter Bathrooms: 3
  • Total Bedrooms: 4
  • Entry Level: 1
  • Fireplace Features: Family Room, Living Room
  • Levels: One
  • Main Level Bathrooms: 3
  • Main Level Bedrooms: 4
  • Price Per Square Foot: 223.69
  • Room Type: All Bedrooms Down, Entry, Family Room, Laundry, Living Room
  • Window Features: Garden Window(s)
  • Room Kitchen Features: Laminate Counters

Exterior Features

  • Patio: Yes
  • Foundation: Slab
  • Other Structures: Guest House, Guest House Attached, Outbuilding, Shed(s)
  • View: Neighborhood, Trees/Woods
  • Patio And Porch Features: Covered, Patio, Porch
  • Pool Private: No
  • Roof: Tile
  • Spa: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage, Garage Faces Side, On Site
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Individual Room, Inside
  • Sewer: Septic Type Unknown
  • Water Source: Private
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Schools

  • School District: Riverside Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Agricultural - Tree/Orchard, Back Yard, Front Yard, Horse Property, Level with Street, Lot Over 40000 Sqft, Treed Lot, Yard
  • Lot Size Sq Ft: 321908.00
  • Lot Size Acres: 7.3900

Multi Family

  • Lease Considered: No
  • Lot Size Area: 321908.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 317.01
  • Tax Lot: 16
  • Tax Tract Number: 16

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 18, 2020
Closed on
May 6, 2020
Sold by
Hain Edwina J
Bought by
Kesterson Jennifer and Pearne Christine
Seller's Agent
KAREN TURNER
COLDWELL BANKER REALTY
Buyer's Agent
Gary Bottom
COMPASS
List Price
$695,000
Sold Price
$695,000
Current Estimated Value
$1,178,585

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$483,585
Avg. Annual Appreciation
10.36%
Original Mortgage
$510,400
Outstanding Balance
$452,285
Interest Rate
3.3%
Mortgage Type
New Conventional
Estimated Equity
$726,300

Purchase Details

Closed on
Oct 22, 2014
Sold by
Hain Michael L and Hain Edwina J
Bought by
The Hain Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$305,000
Interest Rate
4.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 10, 2007
Sold by
Hain Michael L and Hain Edwina J
Bought by
Hain Michael L and Hain Edwina J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
6.09%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Feb 24, 1999
Sold by
Hain Michael L and Hain Edwina J
Bought by
Hain Michael L and Hain Edwina J

Purchase Details

Closed on
Oct 8, 1998
Sold by
Hain Michael L and Hain Edwina J
Bought by
Hain Michael L and Hain Edwina J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6.61%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 12, 1996
Sold by
Hain Michael L and Hain Edwina J
Bought by
Hain Michael L and Hain Edwina J

Purchase Details

Closed on
Aug 29, 1995
Sold by
Hain Michael L and Hain Edwina J
Bought by
Hain Michael L and Hain Edwina J
Source: Public Records

Range of Values:

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Average Value
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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
Kesterson Jennifer $695,000 Lawyers Title Ie
The Hain Trust -- First American Title
Hain Michael L -- First American Title Company
Hain Michael L -- Landamerica
Hain Michael L -- Landamerica
Hain Michael L -- --
Hain Michael L -- Old Republic Title Company
Hain Michael L -- --
Hain Michael L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kesterson Jennifer $510,400
Previous Owner Hain Michael L $305,000
Previous Owner Hain Michael L $280,000
Previous Owner Hain Michael L $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/20/2020 05/20/20 Sold $695,000 0.0% $224 / Sq Ft
03/18/2020 03/18/20 For Sale $695,000 -- $224 / 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 $8,240 $760,077 $508,434 $251,643
2023 $8,240 $730,565 $488,692 $241,873
2022 $8,052 $716,242 $479,110 $237,132
2021 $7,949 $702,199 $469,716 $232,483
2020 $3,364 $292,578 $163,552 $129,026
2019 $3,301 $286,843 $160,346 $126,497
2018 $3,237 $281,220 $157,201 $124,019
2017 $3,180 $275,707 $154,119 $121,588
2016 $2,982 $270,303 $151,098 $119,205
2015 $2,941 $266,246 $148,829 $117,417
2014 $2,914 $261,034 $145,914 $115,120
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2020

    KAREN TURNER

    COLDWELL BANKER REALTY

    (951) 317-9212

    1 in this area

    84 Total Sales

    KAREN TURNER
    Section Image
  • Gary Bottom

    Buyer's Agent in 2020

    Gary Bottom

    COMPASS

    (951) 233-1385

    38 Total Sales

    Gary Bottom
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV20058971

California Regional Multiple Listing Service (CRMLS)

APN: 242-030-027

California Riverside County Riverside 92504 Arlington Heights

7525 Summit St, Riverside, CA

This home is located at 7525 Summit St, Riverside, CA 92504 since 18 March 2020 and is currently estimated at $1,178,585, approximately $379 per square foot. This property was built in 1979. 7525 Summit St is a home located in Riverside County with nearby schools including Washington Elementary School, Matthew Gage Middle School, and Arlington 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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