851 Prescott Way Riverside, CA 92507
University Neighborhood
8
Beds
4
Baths
3,000
Sq Ft
9,612
Sq Ft Lot
Highlights
- All Bedrooms Downstairs
- Lawn
- Laundry Room
- Wooded Lot
- Cooling System Mounted To A Wall/Window
- Ceiling Fan
About This Home
As of September 2017The subject property is a single story four plex on a cul-de-sac street very close to (UCR) University of Riverside. All units are 2 bedroom and 1 bath each and with a garage space. Each unit is separately metered for Electric and Gas for low owner expense. Tenants also have the convenience of onsite laundry machines (extra monthly income to owner). Property does NOT have monthly Association Fees or Dues. Some units have been upgraded with newer carpet, vinyl flooring, newer a/c units, and interior paint. Sellers have already had termite work completed and have a clearance. Easy access to frwys (91,215), shopping centers and employment centers. Square footage of living structure is estimated - buyer to verify all property dimensions and permits with City and to rely solely on their own findings.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,796
Year Built
- Built in 1964
Lot Details
- 9,612 Sq Ft Lot
- 1 Common Wall
- Sprinkler System
- Wooded Lot
- Lawn
- Front Yard
- Density is up to 1 Unit/Acre
Parking
- 4 Car Garage
- 2 Open Parking Spaces
- Parking Available
- Two Garage Doors
- Assigned Parking
Home Design
- Property Attached
- Slab Foundation
- Composition Roof
- Partial Copper Plumbing
Interior Spaces
- 3,000 Sq Ft Home
- Ceiling Fan
- Family Room
Kitchen
- Gas Oven
- Gas Cooktop
- Disposal
Flooring
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 8 Bedrooms
- All Bedrooms Down
- 4 Bathrooms
Laundry
- Laundry Room
- Leased Washer and Dryer
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Utilities
- Cooling System Mounted To A Wall/Window
- Wall Furnace
- Sewer Paid
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 5
- Tax Tract Number 2609
- Assessor Parcel Number 251060004
Community Details
Building Details
- 5 Separate Electric Meters
- 5 Separate Gas Meters
- 1 Separate Water Meter
- New Taxes Expense $6,710
- Operating Expense $6,710
- Gross Income $43,500
- Net Operating Income $31,210
Additional Features
- 4 Units
- Laundry Facilities
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Mar 27, 2020
Sold by
Muck Jason and Muck K A J P A
Bought by
Muck J P and Vsj Family Trust
Total Days on Market
14
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$383,000
Interest Rate
3.4%
Mortgage Type
New Conventional
Purchase Details
Listed on
Apr 10, 2018
Closed on
Apr 7, 2018
Sold by
Muck Jason
Bought by
Muck Jp
Seller's Agent
Yoshiko Proulx
Landmark Property Management
Buyer's Agent
Yoshiko Proulx
Landmark Property Management
Sold Price
$1,195
Purchase Details
Listed on
Jul 26, 2017
Closed on
Aug 11, 2017
Sold by
Rengert Therese M
Bought by
Muck Jason
Seller's Agent
Brad New
Vanguard Property Group
Buyer's Agent
Gary Gadd
Aegis Real Estate & Investment
List Price
$610,000
Sold Price
$625,000
Premium/Discount to List
$15,000
2.46%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.15%
Original Mortgage
$385,000
Interest Rate
3.9%
Mortgage Type
Commercial
Purchase Details
Closed on
Mar 20, 2017
Sold by
Rengert Therese M
Bought by
Rengert Therese M
Purchase Details
Closed on
Dec 26, 2013
Sold by
Rengert Theresa M and Christian Julie
Bought by
Rengert Therese M
Purchase Details
Closed on
Jul 12, 2013
Sold by
Rengert Therese M and Rengert Therese
Bought by
Rengert Therese M and Christian Julie
Purchase Details
Closed on
Jul 19, 2005
Sold by
Sturk Zachary David
Bought by
Rengert Therese
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$396,000
Interest Rate
5.21%
Mortgage Type
Negative Amortization
Map
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Similar Homes in Riverside, CA
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | Fidelity National Title Co | |
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | $625,000 | First American Title Company | |
| Interfamily Deed Transfer | -- | First American Title | |
| Gift Deed | -- | First American Title | |
| Interfamily Deed Transfer | -- | First American Title | |
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | $495,000 | Fidelity National Title Co |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $390,400 | New Conventional | |
| Closed | $383,000 | New Conventional | |
| Previous Owner | $385,000 | Commercial | |
| Previous Owner | $396,000 | Negative Amortization |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/18/2021 09/18/21 | Rented | $1,495 | 0.0% | -- |
| 09/16/2021 09/16/21 | Under Contract | -- | -- | -- |
| 09/14/2021 09/14/21 | For Rent | $1,495 | +25.1% | -- |
| 05/02/2018 05/02/18 | Rented | $1,195 | 0.0% | -- |
| 04/30/2018 04/30/18 | Under Contract | -- | -- | -- |
| 04/10/2018 04/10/18 | For Rent | $1,195 | 0.0% | -- |
| 09/26/2017 09/26/17 | Sold | $625,000 | +2.5% | $208 / Sq Ft |
| 08/09/2017 08/09/17 | Pending | -- | -- | -- |
| 07/26/2017 07/26/17 | For Sale | $610,000 | -- | $203 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
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 | $7,796 | $683,526 | $246,069 | $437,457 |
| 2022 | $7,617 | $670,125 | $241,245 | $428,880 |
| 2021 | $7,508 | $656,986 | $236,515 | $420,471 |
| 2020 | $7,452 | $650,250 | $234,090 | $416,160 |
| 2019 | $7,313 | $637,500 | $229,500 | $408,000 |
| 2018 | $7,175 | $625,000 | $225,000 | $400,000 |
| 2017 | $5,561 | $374,851 | $151,043 | $223,808 |
| 2016 | $4,186 | $374,851 | $151,043 | $223,808 |
| 2015 | $3,996 | $357,000 | $143,850 | $213,150 |
| 2014 | $3,849 | $240,000 | $82,000 | $158,000 |
Source: Public Records
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW17171763
APN: 251-060-004
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