5121 Magnolia Ave, Riverside, CA 92506
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5121 Magnolia Ave Riverside, CA 92506

$1,333,000
  • 5 Beds
  • 2.5 Baths
  • 3,000 Sq.Ft.
For Sale
$1,333,000 Get Pre-Qualified

Map preview of 5121 Magnolia Ave, Riverside, CA 92506

Property Overview: 5121 Magnolia Ave Riverside, CA has 5 bedrooms, 2.5 bathrooms, 3,000 living square feet and 9,148 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Step into a piece of history with this exquisite 1923 Colonial home, designed by the renowned architect Henry Jekel, nestled in the prestigious Wood Streets Historic District. This distinguished residence combines original character with modern upgrades, ensuring a living experience that is both luxurious and authentically preserved. Experience the allure of the past with the home's charming brick entry and mature landscaping, setting a tone of grandeur and elegance. Inside, the home boasts large living spaces, including a formal dining room and a spacious kitchen outfitted with stainless steel appliances. Tasteful updates and refurbishments are evident throughout, marrying the original charm with contemporary comfort. This two-story home features five generously sized bedrooms and 2.5 bathrooms, with the upper floor housing four bedrooms and two remodeled bathrooms, providing ample space for family and guests alike. The master suite is a true retreat, offering tranquility and privacy. Entertain in style in the expansive backyard, where a charming deck and a shimmering pool await to make your summers unforgettable. Additional features include a carport, a two-car garage, and a convenient laundry room, all enhancing the functionality of this historic gem. Living in this home also means the opportunity of significant tax benefits, thanks to its Mills Act Tax Relief approval. This is not just a home; it's a savvy investment and a chance to own a significant part of Riverside's architectural heritage. Make this captivating home yours and live the legacy of luxury and history.

Listed by ROBERT ADAMS | BRE #00999019 | First Team Real Estate
Co-listed by Chanel Parker | BRE #02074797 | First Team Real Estate
Last checked: 11 minutes ago | Last updated: April 29th, 2024 | Source CRMLS | DOM: 14
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Home details

Lot Sq. Ft
9,148
HOA Dues
$0/mo
Year built
1923
Garage
3 Car
Property Type:
Single Family Home
Status
Active
MLS#
IV24075836
City
Riverside
County
Riverside
Time on Site
13 days

Open Houses for 5121 Magnolia Ave

No upcoming open houses

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Property Details for 5121 Magnolia Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air, Dual
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Individual Room, Inside, Laundry Chute
Fireplace Information
  • Has Fireplace
  • Living Room
Room Information
  • Downstairs Bedrooms: 1
  • Downstairs Bathrooms: 1
  • Basement, Bonus Room, Family Room, Foyer, Kitchen, Laundry, Living Room, Main Floor Bedroom, Primary Suite, Retreat, Walk-In Closet, Walk-In Pantry
Bathroom Information
  • # of Baths (Full): 2
  • # of Baths (1/2): 1
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • Has Sprinklers
Exterior Features
  • Has Pool
  • Pool Features: Private, In Ground
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 3
  • # of Parking Spaces: 3
  • No Attached Garage
Lot Information
  • Lot Features: 0-1 Unit/Acre, Back Yard, Corner Lot, Landscaped, Sprinklers In Front, Sprinklers In Rear, Yard
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: Neighborhood, Pool
  • Common Walls: No Common Walls
  • Total # of Units: 1
  • Parcel Number: 217242017
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • No Assessments
  • Assessments: None
Schools
School Information
  • High School District: Riverside Unified
Location / Neighborhood
Location Information
  • Directions: Corner of Magnolia Avenue and Chapman Place
Neighborhood Information
  • Community Features: Sidewalks, Street Lights, Suburban
View more facts & features

Local Riverside Agent

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Sale History for 5121 Magnolia Ave

Last sold for $1,050,000 on January 16th, 2024
  • April, 2024

  • Apr 16, 2024

    Date

    Active

    CRMLS: IV24075836

    $1,333,000

    Price

  • January, 2024

  • Jan 16, 2024

    Date

    Sold

    CRMLS: IV23222500

    $1,050,000

    Price

  • Dec 8, 2023

    Date

    Active

    CRMLS: IV23222500

    $1,099,900

    Price

  • Listing provided courtesy of CRMLS

    Nestled beneath the verdant canopy of mature trees on a sprawling .21-acre lot, this distinguished residence stands as a testament to Riverside's rich history. Designed by the renowned architect Henry Jekel, this Colonial Revival masterpiece has retained its timeless sophistication from its inception to the present day. Enveloped in the historic “Wood Streets” neighborhood, this home is arguably one of Riverside's most recognizable historic properties. Original details have been meticulously preserved, seamlessly merging with contemporary upgrades to create a harmonious blend of character and modern comfort. The brick entry approach welcomes you into a captivating foyer that serves as the heart of the home, gracefully connecting the various common areas. The grand living room boasts original wood floors, leading to French doors that unveil a charming gathering deck overlooking the shimmering pool and spa – a captivating focal point of the expansive backyard. On the opposite end of the first floor, a formal dining room, a downstairs bedroom, and a cozy family room encircle the updated kitchen. Skillfully expanded, the kitchen showcases Cambria countertops, modern stainless steel appliances, ample cabinetry, a convenient breakfast bar, and a generous pantry. Ascend a half-turn staircase to the second level, where a central hall grants access to four bedrooms and two full baths. The primary suite, a haven of privacy, features an abundance of windows, infusing the space with natural light. The ensuite bath, an astute blend of modern amenities and period-appropriate aesthetics, offers copious upgrades throughout. The secondary full bath echoes this design concept, enhanced by Kohler fixtures and vibrant colors, creating a beautifully rejuvenated space. Outside, surrounded by lush canopy of mature trees, a picturesque pool, spa, and gathering deck create a captivating focal point, equally suited for entertaining or relaxation. A carport and detached garage lie along the plane of the rear property line, providing both utility and enhanced privacy for the rear yard. A unique opportunity to enjoy the continued legacy of this historic home, where historic character and contemporary comfort harmonize to create an exceptional living experience.

  • August, 2017

  • Aug 25, 2017

    Date

    Sold (Public Records)

    Public Records

    $720,000

    Price

  • August, 2017

  • Aug 23, 2017

    Date

    Pending

    CRMLS: IG17119497

    $724,900

    Price

  • Jul 22, 2017

    Date

    Active Under Contract

    CRMLS: IG17119497

    $724,900

    Price

  • Jul 5, 2017

    Date

    Price Change

    CRMLS: IG17119497

    $724,900

    Price

  • Jun 1, 2017

    Date

    Active

    CRMLS: IG17119497

    $745,000

    Price

  • Listing provided courtesy of CRMLS

    This 1923 quintessential American Colonial Revival "Father of the Bride" home located in the heart of the historic “Wood Streets” neighborhood was designed by renowned architect Henry L.A. Jekel, who designed many impressive and opulent Riverside homes from 1923 thru 1940. From the elegant entry with grand staircase to the newly remodeled kitchen to the spacious master bedroom en suite, your head will spin with delight at the upgrades that meld seamlessly with the original features of this extraordinary home. Two fireplaces, central air/heat, whole house fan, original hardwood floors (under carpet too), newer int/ext paint, updated electrical, indoor laundry, laundry chute, basement, & paid solar panels. Newly remodeled eat-in kitchen boasts Onyx counters, farm sink, dishwasher, frig, stainless steel stove & microwave, and breakfast bar overlooking the step-down family room with fireplace. There’s a powder room on main floor, as well as a bedroom that’s used as an office, with an additional four bedrooms and two bathrooms upstairs. This home is part of the Mills Act, which equates to saving over 70% on property taxes! All of this situated upon a landscaped quarter acre with in-ground pool/spa with diving board & slide, as well as covered patio, citrus trees, brick and stainless steel BBQ, smart Wi-Fi irrigation, and plenty of space with shade trees, along with some grassy areas, for entertaining year-round. An exquisite home and a rare opportunity to own a piece of history!

  • June, 2009

  • Jun 5, 2009

    Date

    Sold (Public Records)

    Public Records

    $620,000

    Price

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Tax History for 5121 Magnolia Ave

Assessed Value (2020): $208,001
Year Land Value Improved Value Assessed Value
2020 $55,000 $153,001 $208,001

Home Value Compared to the Market

This property vs the competition

5121 Magnolia Ave is listed 91.53% higher than the median list price for the city of Riverside which has a median list price of $695,990. The median price per/sqft for Riverside is $364 and this home is listed at $444.33 per/sqft which puts the price per square foot 22.07% higher than the median price per square foot for the city of Riverside.

About 5121 Magnolia Ave

Detailed summary of property

5121 Magnolia Ave is a single family home located in Riverside, CA 92506 and is currently for sale. This house offers 5 bedrooms, 2.5 bathrooms, roughly 3,000 living square feet, and sits on an approximately 9,148 square foot lot. 5121 Magnolia Ave was first listed on ArdentRealEstateGroup.com on April 16, 2024. The homeowner is currently asking $1,333,000. The median priced home in Riverside is $695,990 with a median price per square foot of $364. Based on Ardent Real Estate Group's Riverside Market Data, this home is listed 91.53% higher than the median priced home. Local competing homes currently for sale include 7047 Golden Vale Dr, 1525 Heather Ln and 7525 Wood Rd. While the average home in Riverside, CA is selling in 49 days, 5121 Magnolia Ave has a days on market of 14 days. There are currently 652 homes for sale in the Riverside real estate market and 614 of them are single family homes while 33 of them are condos and 5 are townhomes. For more information on this home for sale at 5121 Magnolia Ave Riverside, CA 92506 contact Ardent Real Estate Group and we will put you in touch with one of our Riverside agents.

Public Facts for 5121 Magnolia Ave

Public county record property details
Beds
5
Baths
2
Year built
1923
Sq. Ft.
2,541
Lot Size
10,454
Stories
2
Type
Commercial (General)
Pool
No
Spa
No
County
Riverside
Lot#
23,24
APN
217-242-017

The source for these homes facts are from public records.

92506 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$749,900
Median List Price/Sq.Ft.
$381
Median Sold Price
$744,000
Median Sold Price/Sq.Ft.
$421
Total Inventory
109
Median Sale to List Price %
102.62%
Avg Days on Market
23
Loan Type
Conventional (56.76%), FHA (16.22%), VA (0%), Cash (5.41%), Other (21.62%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.