8111 Palm View Ln Riverside, CA 92508
Mission Grove NeighborhoodEstimated Value: $885,838 - $932,000
5
Beds
3.5
Baths
3,405
Sq Ft
$270/Sq Ft
Est. Value
Highlights
- RV Access or Parking
- Primary Bedroom Suite
- Mountain View
- John F. Kennedy Elementary School Rated A-
- Gated Parking
- Contemporary Architecture
About This Home
As of July 2022Beautifully upgraded and maintained, this Orange Crest home has many gorgeous recent updates, including interior and exterior paint, premium vinyl plank flooring, carpeting, six-inch baseboards, and plantation shutters. A welcoming front porch and front entry lead to a formal living room, dining room, and a butler's pantry, which create a perfect space for formal entertaining! Beyond the butler's pantry is the cook's kitchen that opens to the ample family room with a fireplace. The well-appointed kitchen includes a gas cooktop, convection self-cleaning oven, dishwasher, microwave, center island with seating, refaced cabinets, granite countertops, tile backsplash, trash container drawer pull, and a sizable walk-in pantry with a built-in custom organizer. A large slider leads to the backyard with additional cooking and entertainment space, including a covered patio, barbeque island with seating, and a refrigerator. There are five bedrooms, each with a walk-in closet and some with mountain views. Two of the bedrooms share a jack and jill bathroom. The spacious owner's suite offers many upgraded features, including a large closet with a built-in organizer, soaking tub, shower, dual vanity, and custom cabinets. There is a 6th potential bedroom or office on the first floor. The four-car tandem garage includes built-in cabinets and pull-down stairs that provide access to attic storage. Additional parking for an RV is available through a wrought iron gate leading to a vast concrete area alongside the home. Energy-efficient, this home has paid for solar and water-wise features such as artificial turf, a putting green, and a concrete patio to create great sports and informal entertaining spaces. In a beautiful neighborhood that includes parks, entertainment, shopping, and some of Riverside's finest schools.
Last Listed By
Vista Sotheby's International Realty License #00898968 Listed on: 06/08/2022
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $10,495
Year Built
- Built in 2001
Lot Details
- 8,712 Sq Ft Lot
- East Facing Home
- Wood Fence
- Landscaped
- Level Lot
- Sprinkler System
- Garden
- Front Yard
Parking
- 4 Car Attached Garage
- Parking Available
- Front Facing Garage
- Tandem Garage
- Single Garage Door
- Brick Driveway
- Driveway Level
- Gated Parking
- RV Access or Parking
Home Design
- Contemporary Architecture
- Turnkey
- Slab Foundation
- Concrete Roof
- Stucco
Interior Spaces
- 3,405 Sq Ft Home
- 2-Story Property
- Wired For Sound
- High Ceiling
- Recessed Lighting
- Double Pane Windows
- Plantation Shutters
- Blinds
- Sliding Doors
- Entryway
- Family Room with Fireplace
- Family Room Off Kitchen
- Living Room
- Dining Room
- Mountain Views
- Pull Down Stairs to Attic
- Laundry Room
Kitchen
- Open to Family Room
- Eat-In Kitchen
- Breakfast Bar
- Walk-In Pantry
- Butlers Pantry
- Self-Cleaning Convection Oven
- Gas Oven
- Gas Cooktop
- Microwave
- Dishwasher
- Kitchen Island
- Granite Countertops
- Disposal
Flooring
- Carpet
- Tile
- Vinyl
Bedrooms and Bathrooms
- 5 Bedrooms | 1 Main Level Bedroom
- Primary Bedroom Suite
- Walk-In Closet
- Quartz Bathroom Countertops
- Makeup or Vanity Space
- Dual Vanity Sinks in Primary Bathroom
- Private Water Closet
- Bathtub with Shower
- Walk-in Shower
- Linen Closet In Bathroom
Home Security
- Home Security System
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Outdoor Features
- Covered patio or porch
- Exterior Lighting
- Rain Gutters
Schools
- Kennedy Elementary School
- Earhart Middle School
- King High School
Utilities
- Central Heating and Cooling System
- Natural Gas Connected
- Gas Water Heater
- Cable TV Available
Additional Features
- Solar owned by seller
- Suburban Location
Community Details
- No Home Owners Association
Listing and Financial Details
- Tax Lot 48
- Tax Tract Number 28828
- Assessor Parcel Number 276333002
- $1,123 per year additional tax assessments
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 8, 2022
Closed on
Jul 7, 2022
Sold by
Karen Schmel Living Trust
Bought by
Park Myung Kee and Herrera-Park Carolina Vargas
Seller's Agent
Rob Murray
Vista Sotheby's International Realty
Buyer's Agent
Johnny Cho
RE/MAX ADVANTAGE
List Price
$825,000
Sold Price
$850,000
Premium/Discount to List
$25,000
3.03%
Total Days on Market
28
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
$68,460
Avg. Annual Appreciation
1.74%
Original Mortgage
$807,500
Outstanding Balance
$774,062
Interest Rate
4.75%
Mortgage Type
New Conventional
Estimated Equity
$118,226
Purchase Details
Closed on
Jul 10, 2019
Sold by
Schmel Karen J
Bought by
Schmel Karen Joan and Karen Schmel Living Trust
Purchase Details
Closed on
Jan 26, 2009
Sold by
Jpmorgan Chase Bank National Association
Bought by
Schmel Karen J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,500
Interest Rate
5.01%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jun 11, 2008
Sold by
Nicholson Karen L
Bought by
Washington Mutual Bank
Purchase Details
Closed on
Nov 17, 2005
Sold by
Prudential Relocation Inc
Bought by
Nicholson Karen L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$476,000
Interest Rate
7.15%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Nov 1, 2005
Sold by
Hernandez Basilio R and Hernandez Stephanie
Bought by
Prudential Relocation Inc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$476,000
Interest Rate
7.15%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jan 14, 2002
Sold by
Centex Homes
Bought by
Hernandez Basilio R and Hernandez Stephanie
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,745
Interest Rate
7%
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
Similar Homes in Riverside, CA
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Park Myung Kee | $850,000 | None Listed On Document | |
| Schmel Karen Joan | -- | None Available | |
| Schmel Karen J | $322,500 | Servicelink | |
| Washington Mutual Bank | $300,000 | Accommodation | |
| Nicholson Karen L | $595,000 | Fnt | |
| Prudential Relocation Inc | $1,190,000 | Fnt | |
| Hernandez Basilio R | $284,500 | Commerce Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Park Myung Kee | $807,500 | |
| Previous Owner | Schmel Karen Joan | $75,000 | |
| Previous Owner | Schmel Karen J | $220,000 | |
| Previous Owner | Schmel Karen J | $172,500 | |
| Previous Owner | Nicholson Karen L | $476,000 | |
| Previous Owner | Hernandez Basilio R | $25,000 | |
| Previous Owner | Hernandez Basilio R | $397,500 | |
| Previous Owner | Hernandez Basilio R | $366,350 | |
| Previous Owner | Hernandez Basilio R | $305,150 | |
| Previous Owner | Hernandez Basilio R | $255,745 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/28/2022 07/28/22 | Sold | $850,000 | +3.0% | $250 / Sq Ft |
| 07/06/2022 07/06/22 | Pending | -- | -- | -- |
| 06/30/2022 06/30/22 | Price Changed | $825,000 | 0.0% | $242 / Sq Ft |
| 06/30/2022 06/30/22 | For Sale | $825,000 | -2.9% | $242 / Sq Ft |
| 06/14/2022 06/14/22 | Pending | -- | -- | -- |
| 06/12/2022 06/12/22 | Off Market | $850,000 | -- | -- |
| 06/08/2022 06/08/22 | For Sale | $798,000 | -- | $234 / 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 | $10,495 | $850,000 | $100,000 | $750,000 |
| 2022 | $5,458 | $391,334 | $145,610 | $245,724 |
| 2021 | $5,402 | $383,661 | $142,755 | $240,906 |
| 2020 | $5,369 | $379,728 | $141,292 | $238,436 |
| 2019 | $5,278 | $372,283 | $138,522 | $233,761 |
| 2018 | $5,195 | $364,984 | $135,806 | $229,178 |
| 2017 | $5,132 | $357,829 | $133,144 | $224,685 |
| 2016 | $4,869 | $350,814 | $130,534 | $220,280 |
| 2015 | $4,815 | $345,546 | $128,574 | $216,972 |
| 2014 | $4,794 | $338,779 | $126,056 | $212,723 |
Source: Public Records
Agents Affiliated with this Home
-
Rob Murray
Seller's Agent in 2022
Rob Murray
Vista Sotheby's International Realty
(951) 212-4495
2 in this area
56 Total Sales
-
Johnny Cho
Buyer's Agent in 2022
Johnny Cho
RE/MAX
1 in this area
93 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: IV22120968
APN: 276-333-002
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