5491 Magnolia Ave Riverside, CA 92506

$466,000 Sold Price as of 02/26/2021

2 Beds
1 Baths
1,134 Sq.Ft.

Off Market

$466,000 Sold Price as of 02/26/2021 Refinance Your Mortgage

Map preview of 5491 Magnolia Ave, Riverside, CA 92506

Property Overview: 5491 Magnolia Ave Riverside, CA has 2 bedrooms, 1 bathrooms, 1,134 living square feet and 10,890 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

5491 Magnolia 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 $690,000. The median price per/sqft for Riverside is $368. 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 $138,000 for the down payment and will need roughly $13,800 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 $33,750. 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 5491 Magnolia Ave

Last sold for $466,000 on February 26th, 2021

May, 2024
May 9, 2024

Date

Hold

CRMLS: OC24083494

$765,000

Price
May 1, 2024

Date

Active

CRMLS: OC24083494

$745,000

Price
Listing provided courtesy of CRMLS

Excellent location a mile away from Riverside Community Hospital, Riverside City College and Mission Inn (Downtown Riverside), and easy access to the 91 Freeway. Presenting this beautifully refreshed and extensively remodeled Riverside contemporary interior with farmhouse flair and a large, brand new with fully permitted ADU, each occupied by tenants, further enhancing the income potential of this investment, and positioned on a tree-lined street with charming curb appeal. The main house has undergone a comprehensive transformation, featuring trendy finishes and top-quality materials throughout. From sleek granite countertops to gleaming hardwood flooring. Modern upgrades abound, including a state-of-the-art HVAC system, tankless water heater, and Mini split, ensuring comfort and efficiency year-round. Whether you're an astute investor seeking lucrative rental opportunities or a homeowner looking to maximize your property's earning potential. Furthermore, the spacious and brand-new ADU, fully permitted, offers additional income potential with a dependable tenant already in place. Great income opportunity!!!

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February, 2021
Feb 26, 2021

Date

Sold (Public Records)

Public Records

$466,000

Price
June, 2012
Jun 1, 2012

Date

Sold (Public Records)

Public Records

$212,500

Price

Tax History for 5491 Magnolia Ave

Assessed Value (2020): $244,047

Year	Land Value	Improved Value	Assessed Value
2020	$57,419	$186,628	$244,047

About 5491 Magnolia Ave

Detailed summary of property

5491 Magnolia Ave is a single family home in Riverside, CA 92506 and last sold on February 26, 2021 for $466,000. This house has 2 bedrooms, 1 bathrooms, roughly 1,134 living square feet, and sits on an approximately 10,890 square foot lot. Homes in Riverside are selling for a median price of $675,000 and a median price per square foot of $373. Based on Ardent Real Estate Group's Riverside Market Data, this home is sold 30.96% lower than the current median priced home. 5491 Magnolia Ave was last sold on February 26, 2021 for $466,000. Local nearby listings include 4226 Jurupa Ave, 3064 Panorama Rd #C and 5974 Boone Court. The average home in Riverside, CA is selling in 48 days. There are currently 708 homes for sale in the Riverside real estate market and 658 of them are single family homes while 44 of them are condos and 6 are townhomes. If you are the homeowner and looking to sell the home at 5491 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 5491 Magnolia Ave

Public county record property details

Beds: 2
Baths: 1
Year built: 1949
Sq. Ft.: 1,134
Lot Size: 10,890
Stories: 1

Type: Single Family Residential
Pool: No
Spa: No
County: Riverside
Lot#: 32
APN: 218-221-026

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

$749,000

Median List Price/Sq.Ft.

$386

Median Sold Price

$700,000

Median Sold Price/Sq.Ft.

$365

Total Inventory

121

Median Sale to List Price %

100.01%

Avg Days on Market

Loan Type

Conventional (28%), FHA (28%), VA (0%), Cash (28%), Other (16%)

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