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Sold for $625,000 on 06/14/23
  • Listing Provided by: 

    LEIGHTON SILVA DRE #02023771 951-369-8002,

    Tower Agency

    Bought with: Tower Agency
    $625,000

    4883 Luther St, Riverside, CA 92504

    3beds
    1,480sqft
    Single Family Residence
    Built in 1954
    10,454 Square Feet Lot
    $642,600 Zestimate®
    $422/sqft
    $3,075 Estimated rent

    Home value

    $642,600

    $610,000 - $675,000

    $3,075/mo

    Zestimate® history
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    What's special

    Welcome to the gem you have all been waiting for. Are you tired of looking at worn out houses that are affordable in a good school district in the City of Riverside? Here is your chance to buy a home and live in the very sought out for neighborhood of the Magnolia Center. Close to shopping, entertainment and freeway access. This family loving friendly neighborhood is the area for you! Not only is there a home for sale in this desirable neighborhood it is COMPLETELY TURN KEY. The seller went through this home so meticulously to make sure the next owner can truly enjoy this craftsmanship of a home. Walk inside to fresh new floors and refurbished double sided fireplace that takes place into another bedroom. This house does not shy away from bathrooms. We have a bathroom for every bedroom. No more sharing the bathroom for all your kids and or in-laws. Freshly updated kitchen and laundry room before stepping outside into your generous of sized covered patio. Perfect for entertaining and celebrating all your milestones in life. Oversized detached garage that would be perfect to add another unit. Convert that into an ADU, Additional Dwelling Unit, create some passive income or move family into there. Seller was kind enough to add a fence to show its true potential of a 2 unit property. Being that it is so close to CBU, RCC, and UCR this could be the perfect opportunity for student housing as well. You will not want to sleep on this one, just inside of it or dreaming off all the money it can make you. Choice is yours!

    Zillow last checked: 8 hours ago

    Listing updated: June 15, 2023 at 09:34am

    Listing Provided by:

    LEIGHTON SILVA DRE #02023771 951-369-8002,

    Tower Agency

    Bought with:

    LEIGHTON SILVA, DRE #02023771

    Tower Agency

    Source: CRMLS,MLS#: IV23066873MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 2
    • Full bathrooms: 2
    • Main level bathrooms: 3
    • Main level bedrooms: 3
    Heating
    • Central
    Cooling
    • Central Air
    Appliances
    • Laundry: Inside
    Features
    • Multiple Primary Suites
    • Has fireplace: Yes
    • Fireplace features: Family Room, Primary Bedroom, Multi-Sided
    • Common walls with other units/homes: No Common Walls
    Interior area
    • Total interior livable area: 1,480 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Garage
    • Garage spaces: 2
    Features
    • Levels: One
    • Stories: 1
    • Entry location: front
    • Pool features: None
    • Has view: Yes
    • View description: None
    Lot
    • Size: 10,454 sqft
    • Features: 0-1 Unit/Acre
    Details
    • Parcel number: 226231019
    • Zoning: R1065
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Condition
    • New construction: No
    • Year built: 1954

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Community
    • Community features: Gutter(s)
    Location
    • Region: Riverside

    Other

    Other facts
    • Listing terms: Cash,Conventional,1031 Exchange,FHA,Fannie Mae,Freddie Mac,VA Loan

    Price history

    DateEventPrice
    6/14/2023Sold$625,000$422/sqft
    Source: CRMLS #IV23066873
    4/27/2023Pending sale$625,000+3.3%$422/sqft
    Source: CRMLS #IV23066873
    4/20/2023Listed for sale$605,000+61.3%$409/sqft
    Source: CRMLS #IV23066873
    12/28/2022Sold$375,000+188.5%$253/sqft
    Source: Public Record
    10/25/1994Sold$130,000$88/sqft
    Source: Public Record

    Public tax history

    YearProperty taxesTax assessment
    2025$7,204 +3.4%$650,250 +2%
    2024$6,966 +39.6%$637,500 +43.9%
    2023$4,991 -50.7%$443,142

    Find assessor info on the county website

    Neighborhood: Magnolia Center

    Nearby schools

    GreatSchools rating
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    Estimated market value

    $642,600

    Get a cash offer in 3 minutes

    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.

    Estimated market value

    $642,600