NOT LISTED FOR SALE

Estimated Value: $622,000 - $705,000

4 Beds
2 Baths
1,768 Sq Ft
$375/Sq Ft Est. Value

Last Sold November 10, 2022

Last sale price $568,000 $321 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $4,051/month

9 Days on Market

Highlights

  • No HOA
  • Cul-De-Sac
  • Cooling System Mounted To A Wall/Window
  • Neighborhood Views
  • Walk-In Closet
  • Living Room

About This Home

As of November 2022

This quaint duplex is located in one of Riverside's high demand rental areas. A great addition to your investment portfolio! Each unit includes two bedrooms, one bathroom, washer and dryer hook-ups. An added bonus is the off-street carport parking and the rear unit features rear and side yards. Owner pays for water and gardener, tenants pay for all other utilities. Location is on a tree-lined cul-de-sac within 15 minutes of four colleges including CBU and RCC, one mile of a hospital as well as shopping and freeway close. If that isn't enough this property has low taxes and no HOA! Duplex will be delivered at close of escrow with tenants on a month to month agreement. Offer is subject to inspection.

Last Agent to Sell the Property

KEVIN ALLEN

KELLER WILLIAMS RIVERSIDE CENT License #01823904 Listed on: 09/12/2022

KELLER WILLIAMS RIVERSIDE CENT

Last Buyer's Agent

Brittany Van Billiard

Coldwell Banker Realty License #02133148

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,405

Year Built

  • Built in 1960

Lot Details

  • 7,405 Sq Ft Lot
  • 1 Common Wall
  • Cul-De-Sac
  • Chain Link Fence
  • Back and Front Yard

Home Design

  • Duplex
  • Slab Foundation
  • Frame Construction
  • Shingle Roof
  • Stucco

Interior Spaces

  • 1,768 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Blinds
  • Living Room
  • Neighborhood Views

Kitchen

  • Built-In Range
  • Disposal

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Washer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 2 Parking Spaces
  • 2 Carport Spaces
  • Parking Available

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, telephone, trash collection
  • Tax Lot 7
  • Tax Tract Number 316
  • Assessor Parcel Number 191272007
  • $83 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $600
  • Insurance Expense $1,301
  • Water Sewer Expense $522
  • Operating Expense $1,122
  • Gross Income $33,444
  • Net Operating Income $26,321

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,405

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Price Per Unit: 284000
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 522.00
  • Zoning: R2
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 191272007
  • Year Built: 1960
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s)
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Vinyl
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 321.27
  • Room Type: Kitchen, Living Room, Walk-In Closet
  • Window Features: Blinds

Exterior Features

  • Foundation: Slab
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Chain Link
  • Pool Private: No
  • Roof: Shingle
  • Spa: No
  • Construction Materials: Frame, Stucco

Garage/Parking

  • Carport Spaces: 2.00
  • Parking: Yes
  • Parking Features: Carport
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Built-In Range, Disposal, Water Heater
  • Heating Type: Wall Furnace
  • Laundry Features: Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Cul-De-Sac, Front Yard
  • Lot Size Sq Ft: 7405.00
  • Lot Size Acres: 0.1700

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Telephone, Trash Collection

Multi Family

  • Average1 Bed Area: 884 Square Feet
  • Average2 Bed Area: 884 Square Feet
  • Gross Income: 33444.00
  • Gross Scheduled Income: 33444.00
  • Insurance Expense: 1301.00
  • Lot Size Area: 7405.0000 Square Feet
  • Net Operating Income: 26321.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number Wall A C: 4
  • Number With Carpet: 2
  • Number With Disposal: 2
  • Number With Drapes: 2
  • Number With Range: 2
  • Operating Expense: 7123.00
  • Rent Control: No
  • Total Actual Rent: 2871.00
  • Total Expenses: 1122.00

Tax Info

  • Tax Census Tract: 316.02
  • Tax Lot: 7
  • Tax Tract Number: 316.02
  • TaxOtherAnnualAssessmentAmount: 83.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 12, 2022
Closed on
Nov 4, 2022
Sold by
Dearth Terra Lynn Living Trust
Bought by
Oneill Michael
Seller's Agent
KEVIN ALLEN
KELLER WILLIAMS RIVERSIDE CENT
Buyer's Agent
Brittany Van Billiard
Coldwell Banker Realty
List Price
$568,000
Sold Price
$568,000
Views
14
Current Estimated Value
$663,302

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$95,302
Avg. Annual Appreciation
5.53%
Original Mortgage
$340,800
Outstanding Balance
$330,858
Interest Rate
6.92%
Mortgage Type
New Conventional
Estimated Equity
$332,444

Purchase Details

Closed on
Jun 3, 2020
Sold by
Dearth Terra Lynn
Bought by
Dearth Terra Lynn

Purchase Details

Closed on
Sep 26, 2009
Sold by
Backstrom Neil
Bought by
Dearth Terra Lynn

Purchase Details

Closed on
Dec 8, 2003
Sold by
Backston Neil and Dearth Terra Lynn
Bought by
Backstrom Neil and Backstrom Terra Lynn

Purchase Details

Closed on
Mar 13, 1996
Sold by
Mclelland John E
Bought by
Backstrom Neil and Dearth Terra Lynn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
7.41%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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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
Oneill Michael $567,909 First American Title
Dearth Terra Lynn -- None Available
Dearth Terra Lynn -- None Available
Backstrom Neil -- None Available
Backstrom Neil -- --
Backstrom Neil $120,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Oneill Michael $340,800
Previous Owner Backstrom Neil $110,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/10/2022 11/10/22 Sold $568,000 0.0% $321 / Sq Ft
09/21/2022 09/21/22 Pending -- -- --
09/21/2022 09/21/22 Off Market $568,000 -- --
09/12/2022 09/12/22 For Sale $568,000 -- $321 / Sq Ft
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 $6,405 $590,945 $115,564 $475,381
2023 $6,405 $568,000 $111,078 $456,922
2022 $2,119 $184,683 $70,425 $114,258
2021 $2,103 $181,063 $69,045 $112,018
2020 $2,087 $179,208 $68,338 $110,870
2019 $2,048 $175,696 $66,999 $108,697
2018 $2,009 $172,252 $65,686 $106,566
2017 $1,974 $168,876 $64,399 $104,477
2016 $1,851 $165,566 $63,137 $102,429
2015 $1,824 $163,082 $62,190 $100,892
2014 $1,807 $159,889 $60,973 $98,916
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV22198479

California Regional Multiple Listing Service (CRMLS)

APN: 191-272-007