7525 Summit St Riverside, CA 92504
Arlington Heights NeighborhoodEstimated Value: $846,000 - $1,400,000
4
Beds
3
Baths
3,107
Sq Ft
$371/Sq Ft
Est. Value
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 2020Once 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
COLDWELL BANKER REALTY License #01043090 Listed on: 03/18/2020
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
- 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
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
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$458,560
Avg. Annual Appreciation
12.01%
Original Mortgage
$510,400
Outstanding Balance
$457,202
Interest Rate
3.3%
Mortgage Type
New Conventional
Estimated Equity
$783,313
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
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 | 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 | $50,000 | |
| 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
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 | $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
-
KAREN TURNER
K
Seller's Agent in 2020
KAREN TURNER
COLDWELL BANKER REALTY
(951) 317-9212
2 in this area
85 Total Sales
-
Gary Bottom
Buyer's Agent in 2020
Gary Bottom
COMPASS
(951) 233-1385
41 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: IV20058971
APN: 242-030-027
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