1223 University Ave Riverside, CA 92507

$43,890,000 Sold Price as of 02/24/2016

-- Beds
-- Baths
-- Sq.Ft.

Off Market

$43,890,000 Sold Price as of 02/24/2016 Refinance Your Mortgage

Map preview of 1223 University Ave, Riverside, CA 92507

Property Overview: 1223 University Ave Riverside, CA has -- bedrooms, -- bathrooms, -- living square feet and 33,541 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

1223 University Ave is currently an off market home in the city of Riverside. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Riverside has a median list price of $689,000. The median price per/sqft for Riverside is $371. With those numbers in mind, if you are looking to purchase a median priced home in Riverside, CA and put 20% down you will need to save up $137,800 for the down payment and will need roughly $13,780 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Riverside the commission could be as much as $33,000. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 1223 University Ave

Last sold for $43,890,000 on February 24th, 2016

June, 2022
Jun 1, 2022

Date

Expired

CRMLS: WS22104951

$98,000

Price
May 17, 2022

Date

Active

CRMLS: WS22104951

$88,000

Price
Listing provided courtesy of CRMLS

Excellent business opportunity of $98,000. The restaurant next to UC Riverside University is sold for $98,000. The restaurant operates Taiwanese snacks, steamed buns and other pastries. The source of customers is stable. The monthly gross income is more than $50,000, the net profit is more than $10,000, and the flow of people is large. The plaza is filled with big-name chains such as Denny's, Ramen Okawari, 7 Leaves Cafe, GameStop, Yoshinoya, Del Taco, Flame Broiler, and more. This is a great opportunity for long-term stable income. Interested friends please contact quickly!

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July, 2018
Jul 16, 2018

Date

Expired

CRMLS: PW17162130

$330,000

Price
Jul 16, 2017

Date

Active

CRMLS: PW17162130

$330,000

Price
Listing provided courtesy of CRMLS

CAJUN SEAFOOD RESTAURANT

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February, 2016
Feb 24, 2016

Date

Sold (Public Records)

Public Records

$43,890,000

Price
March, 2002
Mar 29, 2002

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 1223 University Ave

Assessed Value (2020): $6,310,578

Year	Land Value	Improved Value	Assessed Value
2020	$725,229	$5,585,349	$6,310,578

About 1223 University Ave

Detailed summary of property

1223 University Ave is categorized with a use code of Commercial (General) in Riverside, CA 92507 and last sold on February 24, 2016 for $43,890,000. This property has -- bedrooms, -- bathrooms, roughly -- living square feet, and sits on an approximately 33,541 square foot lot. Homes in Riverside are selling for a median price of $660,000 and a median price per square foot of $361. Based on Ardent Real Estate Group's Riverside Market Data, this home is sold 6550% higher than the current median priced home. 1223 University Ave was last sold on February 24, 2016 for $43,890,000. Local nearby listings include 5121 Magnolia Ave, 2483 Satsuma and 21147 Broken Stone Court. The average home in Riverside, CA is selling in 49 days. There are currently 744 homes for sale in the Riverside real estate market and 688 of them are single family homes while 47 of them are condos and 9 are townhomes. If you are the homeowner and looking to sell the home at 1223 University Ave Riverside, CA 92507 contact Ardent Real Estate Group and we will put you in touch with one of our Riverside agents.

Public Facts for 1223 University Ave

Public county record property details

Beds: --
Baths: --
Year built: --
Sq. Ft.: --
Lot Size: 33,541
Stories: --

Type: Commercial (General)
Pool: No
Spa: No
County: Riverside
Lot#: 2
APN: 250-250-033

The source for these homes facts are from public records.

92507 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$649,990

Median List Price/Sq.Ft.

$360

Median Sold Price

$633,000

Median Sold Price/Sq.Ft.

$380

Total Inventory

138

Median Sale to List Price %

99.69%

Avg Days on Market

Loan Type

Conventional (57.5%), FHA (5%), VA (2.5%), Cash (30%), Other (2.5%)

Thinking of Selling?

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(714) 706-1823

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