NOT LISTED FOR SALE

9050 Colony Place Riverside, CA 92503

Ramona Neighborhood

Estimated Value: $1,071,000 - $1,330,000

8 Beds
4 Baths
3,890 Sq Ft
$294/Sq Ft Est. Value

Last Sold November 18, 2021

Last sale price $925,000 $238 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $7,065/month

8 Days on Market

Highlights

  • No Units Above
  • Cul-De-Sac
  • Central Heating and Cooling System
  • No HOA
  • Laundry Room

About This Home

As of November 2021

Well maintained Quadraplex on a cul-de-sac. Great long term, paying residents. Each unit has two bedrooms, one bath and a private small yard and the two story units also have a patio. Unit A is single story. Unit B, C and D are two story. All units have central heat and AC. The complex has a community laundry facility. Owner pays water and trash.

Last Agent to Sell the Property

Misty Boehmer

RIVERSIDE REAL ESTATE PROFESSIONALS License #01311494 Listed on: 10/16/2021

Last Buyer's Agent

Christi Kim

Real Broker License #01340299

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1977

Lot Details

  • 9,583 Sq Ft Lot
  • No Units Above
  • Two or More Common Walls
  • Cul-De-Sac

Home Design

  • 3,890 Sq Ft Home
  • Quadruplex

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Additional Features

  • Laundry Room
  • Exterior Lighting
  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 9
  • Tax Tract Number 8330
  • Assessor Parcel Number 191073083
  • $178 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,000
  • Trash Expense $91
  • Water Sewer Expense $75
  • Operating Expense $3,552
  • Gross Income $60,198
  • Net Operating Income $60,198

Property Details

Home Type

Multi-Family

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Water Sewer Expenses: 75.00
  • Zoning: R3
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 191073083
  • Year Built: 1977
  • Special Features: None

Interior Features

  • Common Walls: 2+ Common Walls, No One Above
  • Levels: Two
  • Price Per Square Foot: 237.79

Exterior Features

  • Pool Private: No

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Common Area, Community
  • Sewer: Public Sewer
  • Trash Expense: 91.13
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Cul-De-Sac
  • Lot Size Sq Ft: 9583.00
  • Lot Size Acres: 0.2200

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 60198.00
  • Gross Scheduled Income: 63750.00
  • Insurance Expense: 2000.00
  • Lot Size Area: 9583.0000 Square Feet
  • Net Operating Income: 60198.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Number With Range: 4
  • Operating Expense: 3552.00
  • Rent Control: No
  • Total Expenses: 3552.00

Tax Info

  • Tax Census Tract: 315.02
  • Tax Lot: 9
  • Tax Tract Number: 8330
  • TaxOtherAnnualAssessmentAmount: 178.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 16, 2021
Closed on
Nov 15, 2021
Sold by
Jung Seong Ho
Bought by
Jung April Young Im
Seller's Agent
Misty Boehmer
RIVERSIDE REAL ESTATE PROFESSIONALS
Buyer's Agent
Christi Kim
Real Broker
List Price
$859,000
Sold Price
$925,000
Premium/Discount to List
$66,000
7.68%
Current Estimated Value
$1,180,811

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$255,811
Avg. Annual Appreciation
5.25%
Original Mortgage
$644,250
Outstanding Balance
$590,344
Interest Rate
2.99%
Mortgage Type
New Conventional
Estimated Equity
$553,536

Purchase Details

Listed on
Oct 16, 2021
Closed on
Nov 1, 2021
Sold by
Rianda Kyla Prunty and Rianda Kyla
Bought by
Im Jung April Young
Seller's Agent
Misty Boehmer
RIVERSIDE REAL ESTATE PROFESSIONALS
Buyer's Agent
Christi Kim
Real Broker
List Price
$859,000
Sold Price
$925,000
Premium/Discount to List
$66,000
7.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$644,250
Outstanding Balance
$590,344
Interest Rate
2.99%
Mortgage Type
New Conventional
Estimated Equity
$553,536

Purchase Details

Closed on
Nov 26, 2012
Sold by
Rianda John C
Bought by
Rianda Kyla

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,000
Interest Rate
3.33%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 19, 2012
Sold by
Lisle Becky
Bought by
Rianda Kyla

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,000
Interest Rate
3.33%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 4, 1997
Sold by
Home Svgs Of America Fsb
Bought by
Leidy Kenneth J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,750
Interest Rate
6.55%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 13, 1997
Sold by
Weidenkeller Don and Weidenkeller Janice
Bought by
Home Svgs Of America Fsb
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Jung April Young Im -- Orange Coast Title Co
Im Jung April Young $925,000 Orange Coast Title Co
Rianda Kyla -- Stewart Title Of California
Rianda Kyla -- Stewart Title Of California
Leidy Kenneth J $128,000 Investors Title Company
Home Svgs Of America Fsb $97,500 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Im Jung April Young $644,250
Previous Owner Rianda Kyla $224,000
Previous Owner Leidy Kenneth J $95,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/18/2021 11/18/21 Sold $925,000 0.0% $238 / Sq Ft
10/24/2021 10/24/21 Pending -- -- --
10/22/2021 10/22/21 Off Market $925,000 -- --
10/16/2021 10/16/21 For Sale $859,000 0.0% $221 / Sq Ft
09/04/2015 09/04/15 Rented $950 0.0% --
08/19/2015 08/19/15 For Rent $950 +18.8% --
02/14/2013 02/14/13 Rented $800 0.0% --
02/07/2013 02/07/13 Under Contract -- -- --
01/15/2013 01/15/13 For Rent $800 -- --
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 $10,695 $981,617 $159,181 $822,436
2023 $10,695 $943,500 $153,000 $790,500
2022 $10,453 $925,000 $150,000 $775,000
2021 $3,792 $324,046 $74,069 $249,977
2020 $3,765 $320,724 $73,310 $247,414
2019 $3,696 $314,436 $71,873 $242,563
2018 $3,626 $308,271 $70,464 $237,807
2017 $3,563 $302,228 $69,083 $233,145
2016 $3,342 $296,303 $67,729 $228,574
2015 $3,294 $291,854 $66,712 $225,142
2014 $3,262 $286,139 $65,406 $220,733
Source: Public Records

Agents Affiliated with this Home

  • Misty Boehmer

    Seller's Agent in 2021

    Misty Boehmer

    RIVERSIDE REAL ESTATE PROFESSIONALS

    (951) 777-2811

    1 in this area

    40 Total Sales

    Misty Boehmer
    Section Image
  • Christi Kim

    Buyer's Agent in 2021

    Christi Kim

    Real Broker

    (949) 274-0250

    2 in this area

    31 Total Sales

    Christi Kim
    Section Image

  • B

    Buyer's Agent in 2015

    Brandi Weller

    RIVERSIDE PROPERTY MANAGEMENT INC

    (951) 850-7852

    Brandi Weller
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV21229618

California Regional Multiple Listing Service (CRMLS)

APN: 191-073-083

California Riverside County Riverside 92503 Ramona

9050 Colony Place, Riverside, CA

Not Listed for Sale

MultiFamily

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