7914 Magnolia Ave Riverside, CA 92504
Ramona NeighborhoodEstimated payment $3,515/month
Highlights
- Detached Guest House
- Updated Kitchen
- Property is near public transit
- RV Access or Parking
- Craftsman Architecture
- 5-minute walk to Don Jones Park
About This Home
Explore the extraordinary potential of 7914 Magnolia Avenue—a beautifully preserved 3-bed, 2-bath Craftsman home with a detached guest unit (ADU) on a sprawling 12,632 sq ft lot. This property may qualify for up to $200,000 in down payment assistance through over 38 verified programs (based on buyer eligibility).
This timeless residence features 1912 architectural charm—original wood accents, vintage fixtures, and solid wood windows—complemented by thoughtful modern upgrades like a remodeled kitchen, soaking tub, and central HVAC. The detached ADU offers a private bedroom, bath, kitchenette, and separate entrance—perfect for multigenerational living, guest accommodations, or potential rental use (check with the City of Riverside for ADU rental guidelines). Shared utility setup. Outside, enjoy a serene, landscaped yard with mature trees, several patios for entertaining, and room for an urban garden or future pool. A gated driveway provides secure RV parking and access to a detached garage. BONUS: No HOA, Craftsman character, updated features, and a centrally located lot just minutes from the 91 Freeway. Don't miss this rare Craftsman estate with an accessory unit and land to grow. Floor plan attached. Showings by appointment—schedule your tour today!
Listing Agent
BLUE SKY REAL ESTATE CENTER Brokerage Phone: 909-510-3353 License #02015857 Listed on: 06/18/2025
Co-Listing Agent
BLUE SKY REAL ESTATE CENTER Brokerage Phone: 909-510-3353 License #02254149
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,540
Year Built
- Built in 1912 | Remodeled
Lot Details
- 0.29 Acre Lot
- Rectangular Lot
- Lawn
- Back and Front Yard
- Property is zoned R1065
Home Design
- Craftsman Architecture
- Entry on the 1st floor
- Raised Foundation
- Wood Product Walls
Interior Spaces
- 1,744 Sq Ft Home
- 1-Story Property
- Insulated Windows
- French Mullion Window
- Wood Frame Window
- Family Room
- Living Room with Fireplace
- Wood Flooring
- Laundry Room
Kitchen
- Kitchenette
- Updated Kitchen
- Gas Oven
- Six Burner Stove
- Utility Sink
Bedrooms and Bathrooms
- 3 Main Level Bedrooms
- 2 Full Bathrooms
- Makeup or Vanity Space
- Low Flow Toliet
- Soaking Tub
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Parking
- Pull-through
- Parking Available
- Two Garage Doors
- Driveway
- RV Access or Parking
Utilities
- Central Heating and Cooling System
- Natural Gas Connected
- Conventional Septic
Additional Features
- Patio
- Detached Guest House
- Property is near public transit
Community Details
- No Home Owners Association
Listing and Financial Details
- Tax Lot 2
- Assessor Parcel Number 231121007
- $67 per year additional tax assessments
Map
Home Values in the Area
Average Home Value in this Area
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 | $2,540 | $230,593 | $102,485 | $128,108 |
| 2023 | $2,540 | $221,641 | $98,506 | $123,135 |
| 2022 | $2,483 | $217,296 | $96,575 | $120,721 |
| 2021 | $2,461 | $213,036 | $94,682 | $118,354 |
| 2020 | $2,442 | $210,853 | $93,712 | $117,141 |
| 2019 | $2,397 | $206,720 | $91,875 | $114,845 |
| 2018 | $2,351 | $202,668 | $90,075 | $112,593 |
| 2017 | $2,310 | $198,695 | $88,309 | $110,386 |
| 2016 | $4,129 | $194,800 | $86,578 | $108,222 |
| 2015 | $4,108 | $191,877 | $85,279 | $106,598 |
| 2014 | $2,113 | $188,120 | $83,609 | $104,511 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/29/2025 08/29/25 | Price Changed | $619,999 | -4.6% | $356 / Sq Ft |
| 07/19/2025 07/19/25 | Price Changed | $649,999 | -3.0% | $373 / Sq Ft |
| 06/18/2025 06/18/25 | For Sale | $669,999 | -- | $384 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $180,000 | Ticor Title | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | Accommodation | |
| Grant Deed | $386,000 | Lawyers Title Co | |
| Interfamily Deed Transfer | -- | Lawyers Title Co | |
| Interfamily Deed Transfer | -- | Fidelity National Title Co |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $223,000 | New Conventional | |
| Closed | $224,000 | New Conventional | |
| Closed | $174,935 | FHA | |
| Previous Owner | $177,608 | FHA | |
| Previous Owner | $289,500 | Purchase Money Mortgage | |
| Previous Owner | $100,000 | Credit Line Revolving | |
| Previous Owner | $191,100 | Unknown | |
| Previous Owner | $139,279 | FHA | |
| Previous Owner | $51,000 | Credit Line Revolving |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: IV25136615
APN: 231-121-007
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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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