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5581 Molino Way, Riverside, CA 92509
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5581 Molino Way Riverside, CA 92509

$525,000 Sold Price as of 06/09/2021
  • 12 Beds
  • 4 Baths
  • 1,034 Sq.Ft.
Sold
$525,000 Sold Price as of 06/09/2021 Refinance Your Mortgage
Map preview of 5581 Molino Way, Riverside, CA 92509

Property Overview: 5581 Molino Way Riverside, CA has 12 bedrooms, 4 bathrooms, 1,034 living square feet and 8,712 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: DUPLEX IN GREAT CONDITION!!

Listed by TERESA HERNANDEZ | BRE #02020429 | CENTURY 21 CITRUS REALTY INC
Last checked: 4 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 0

Home details

Lot Sq. Ft
8,712
HOA Dues
$0/mo
Year built
1944
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
CV21115369
City
Riverside
County
Riverside
Time on Site
1065 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 2
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 6
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,600
  • Total Rent: $3,600
  • Pro Forma/Market Rent: $3,600
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $43,200
  • Net Operating Income: $27,400
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $15,800
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $3,941
  • Trash: $1,100
  • Insurance: $1,200
  • Professional Management: $2,959
  • Water/Sewer: $6,600

Property Details for 5581 Molino Way

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Laundry Information
  • Has Laundry
  • Washer Hookup
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 2
  • Parcel Number: 181053035
  • Year Built Source: Public Records
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: TAKE 60 FREEWAY. EXIT ON MISSION.
Neighborhood Information
  • Community Features: Park, Mountainous, Urban
View more facts & features

Local Riverside Agent

Sale History for 5581 Molino Way

Last sold for $525,000 on June 9th, 2021

  • June, 2021

  • Jun 15, 2021

    Date

    Sold

    CRMLS: CV21115369

    $525,000

    Price

  • May 28, 2021

    Date

    Pending

    CRMLS: CV21115369

    $525,000

    Price

  • May 28, 2021

    Date

    Active

    CRMLS: CV21115369

    $525,000

    Price

  • July, 2020

  • Jul 23, 2020

    Date

    Sold (Public Records)

    Public Records

    $300,000

    Price

  • February, 2019

  • Feb 6, 2019

    Date

    Sold

    CRMLS: OC18294174

    $277,000

    Price

  • Jan 31, 2019

    Date

    Active Under Contract

    CRMLS: OC18294174

    $249,900

    Price

  • Jan 11, 2019

    Date

    Hold

    CRMLS: OC18294174

    $249,900

    Price

  • Jan 10, 2019

    Date

    Active

    CRMLS: OC18294174

    $249,900

    Price

  • Jan 3, 2019

    Date

    Hold

    CRMLS: OC18294174

    $249,900

    Price

  • Dec 24, 2018

    Date

    Active

    CRMLS: OC18294174

    $249,900

    Price

  • Dec 19, 2018

    Date

    Hold

    CRMLS: OC18294174

    $249,900

    Price

  • Dec 19, 2018

    Date

    Active

    CRMLS: OC18294174

    $249,900

    Price

  • Listing provided courtesy of CRMLS

    Calling all investors or home owners looking to live in one and rent the other! Two homes located on a huge lot in the City of Jurupa Valley. Each home has its own gas and electric meters, and there is one water meter on the property. Both homes have inside laundry hook-ups. The front home is 692 sqft (according to assessor records), two bedrooms and one bathroom plus a converted garage. It has a large, front yard and features sliding glass doors from the kitchen out into a huge, enclosed backyard with a covered patio, storage shed and multiple fruit trees. There is also offstreet/driveway parking. The back home is 1034 sqft (according to assessor records), with two bedrooms and one bathroom and a large kitchen with access to an enclosed back yard. The back home is accessed via a shared driveway and has off street parking. Both homes are in need renovation, so we are looking for cash offers.

  • December, 1997

  • Dec 1, 1997

    Date

    Sold (Public Records)

    Public Records

    $80,000

    Price

Show More

Tax History for 5581 Molino Way

Assessed Value (2020): $306,000
Year Land Value Improved Value Assessed Value
2020 $76,500 $229,500 $306,000

Home Value Compared to the Market

This property vs the competition

5581 Molino Way sold on June 9, 2021 for 19.23% lower than the current median sold price for the city of Riverside which is $650,000. The median sold price per/sqft for Riverside is $383 and this home is sold at $507.74 per/sqft which puts the price per square foot 32.57% higher than the current median sale per square foot for the city of Riverside.

About 5581 Molino Way

Detailed summary of property

5581 Molino Way is a multi family that recently sold in Riverside, CA 92509. This multi family property offered 12 bedrooms, 4 bathrooms, roughly 1,034 living square feet, and sits on an approximately 8,712 square foot lot. 5581 Molino Way was first listed on ArdentRealEstateGroup.com on May 28, 2021. The homeowner sold the property for $525,000. Home in Riverside are selling for a median price of $650,000 and a median price per square foot of $383. Based on Ardent Real Estate Group's Riverside Market Data, this home is sold 19.23% lower than the current median priced home. Local homes that are currently for sale include 9544 Bandera St, 1643 E 87th Pl and 1549 E 33rd St. There are currently 650 homes for sale in the Riverside real estate market and 610 of them are single family homes while 34 of them are condos and 6 are townhomes. For more information on this home for sale at 5581 Molino Way Riverside, CA 92509 contact Ardent Real Estate Group and we will put you in touch with one of our Riverside agents.

Public Facts for 5581 Molino Way

Public county record property details
Beds
2
Baths
1
Year built
1955
Sq. Ft.
692
Lot Size
8,712
Stories
1
Type
Multi-Family Dwellings (Generic, Any Combination 2+)
Pool
No
Spa
No
County
Riverside
Lot#
37
APN
181-053-035

The source for these homes facts are from public records.

92509 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$650,000
Median List Price/Sq.Ft.
$366
Median Sold Price
$640,000
Median Sold Price/Sq.Ft.
$374
Total Inventory
97
Median Sale to List Price %
100.02%
Avg Days on Market
22
Loan Type
Conventional (58.06%), FHA (22.58%), VA (3.23%), Cash (12.9%), Other (3.23%)

Thinking of Selling?

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(714) 706-1823

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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.

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