1242 University Ave Riverside, CA 92507

$5,750,000 Sold Price as of 05/19/2008

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

Off Market

$5,750,000 Sold Price as of 05/19/2008 Refinance Your Mortgage

Map preview of 1242 University Ave, Riverside, CA 92507

Property Overview: 1242 University Ave Riverside, CA has -- bedrooms, -- bathrooms, -- living square feet and 43,124 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

1242 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 1242 University Ave

Last sold for $5,750,000 on May 19th, 2008

November, 2020
Nov 28, 2020

Date

Expired

CRMLS: OC20177304

$19,800

Price
Nov 16, 2020

Date

Withdrawn

CRMLS: OC20177304

$19,800

Price
Sep 23, 2020

Date

Price Change

CRMLS: OC20177304

$19,800

Price
Aug 28, 2020

Date

Active

CRMLS: OC20177304

$49,000

Price
Listing provided courtesy of CRMLS

Location!Location!Location!An opportunity to own the best restaurant business in the University Village Plaza. This restaurant conveniently located near the University Avenue and 60 FWY signalized intersection, it offers a retailer a phenomenal opportunity. The center experiences immense day and night time traffic, driven by its proximity to the University of California-Riverside. An ample parking, a strong visibility and excellent demographics. The restaurant is around 2000 square feet with a HUGE kitchen, over $80,000 upgrade decked out with all the most newly designed tools and interior design. From new laminate flooring to newly painted walls. And it even comes with a brand new $5,000+ ice machine(for making Patbingsu). With all these supplies included you could start your restaurant dream in no time!

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January, 2020
Jan 31, 2020

Date

Expired

CRMLS: WS20021276

$95,000

Price
Jan 30, 2020

Date

Active

CRMLS: WS20021276

$95,000

Price
Listing provided courtesy of CRMLS
May, 2008
May 19, 2008

Date

Sold (Public Records)

Public Records

$5,750,000

Price
June, 2007
Jun 29, 2007

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 1242 University Ave

Assessed Value (2020): $4,175,964

Year	Land Value	Improved Value	Assessed Value
2020	$934,096	$3,241,868	$4,175,964

About 1242 University Ave

Detailed summary of property

1242 University Ave is categorized with a use code of Commercial (General) in Riverside, CA 92507 and last sold on May 19, 2008 for $5,750,000. This property has -- bedrooms, -- bathrooms, roughly -- living square feet, and sits on an approximately 43,124 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 771.21% higher than the current median priced home. 1242 University Ave was last sold on May 19, 2008 for $5,750,000. Local nearby listings include 19700 Season Grove Dr, 20107 Curaco Court and 2987 Cimarron Rd. 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 1242 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 1242 University Ave

Public county record property details

Beds: --
Baths: --
Year built: 2007
Sq. Ft.: --
Lot Size: 43,124
Stories: 1

Type: Commercial (General)
Pool: No
Spa: No
County: Riverside
Lot#: 2
APN: 253-050-023

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.

$358

Median Sold Price

$650,000

Median Sold Price/Sq.Ft.

$336

Total Inventory

142

Median Sale to List Price %

100%

Avg Days on Market

Loan Type

Conventional (61.11%), FHA (22.22%), VA (0%), Cash (13.89%), Other (2.78%)

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(714) 706-1823

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