NOT LISTED FOR SALE

Estimated Value: $330,000 - $382,698

3 Beds
2 Baths
1,235 Sq Ft
$497/mo HOA Fee

Last Sold February 29, 2024

Last sale price $330,000 $267 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $2,803/month

84 Days on Market

Highlights

  • In Ground Pool
  • Laundry Room
  • 1-minute walk to Low Park
  • Pool View
  • Central Heating and Cooling System

About This Home

As of February 2024

Step into nostalgia with a touch of modern elegance at this Lower Level 3-bedroom, 2-bathroom condo, reminiscent of the iconic Melrose Place vibe. This property captures the essence of classic charm with a contemporary twist, offering a layout similar to the beloved TV show's setup, complete with a large pool nestled in the courtyard. The heart of this home is the updated kitchen, boasting pristine white cabinets and quartz countertops, exuding sophistication and functionality. The spacious living room is bathed in natural light, courtesy of an abundance of windows and sliding glass doors that seamlessly connect the indoors to the patio and the alluring pool area. Imagine relaxing evenings spent in this serene ambiance, surrounded by the tranquility of water and lush surroundings. This condo comes with the convenience of a private indoor laundry area, making chores a breeze. Set within a gated community, residents enjoy a secure and private living environment. The homeowners' association (HOA) takes care of essential amenities, including trash services, ensuring a hassle-free lifestyle. Residents also have access to the community pool, perfect for unwinding on sunny days, elevators for easy access, and sub-level parking for added convenience. Additionally, the landscaping is meticulously maintained, enhancing the overall appeal of the community. Beyond the confines of your oasis, you'll find this residence conveniently located within walking distance to shopping centers, offering an array of retail and dining options. Whether you're looking for a cozy spot to call home or a stylish retreat reminiscent of the iconic Melrose Place, this property promises a delightful blend of comfort, convenience, and timeless allure.

Last Listed By

Cristina Caministeanu

EXP REALTY OF CALIFORNIA INC. License #01304425 Listed on: 11/08/2023

EXP REALTY OF CALIFORNIA INC.

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1959

Lot Details

  • 871

HOA Fees

  • $497 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Parking Available
  • Private Parking

Interior Spaces

  • 1,235 Sq Ft Home
  • 1-Story Property
  • Pool Views
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Additional Features

  • In Ground Pool
  • Two or More Common Walls
  • Suburban Location
  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 5610
  • Assessor Parcel Number 226212051
  • $56 per year additional tax assessments

Community Details

Overview

  • 2 Units
  • Magnolia Palms Association, Phone Number (714) 845-7959
  • Revels HOA

Recreation

  • Community Pool

Property Details

Home Type

Condominium

Year Built

Built in 1959

Lot Details

0

HOA Fees

$497 per month

Parking

1

Listing Details

  • Structure Type: House
  • Assessments: No
  • Property Attached: Yes
  • View: Yes
  • Zoning: R3
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 226212051
  • Year Built: 1959
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1235.00 Square Feet
  • Stories: 1
  • Entry Location: entry
  • Common Walls: 2+ Common Walls
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 3
  • Entry Level: 1
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 267.21
  • Room Type: All Bedrooms Down

Exterior Features

  • View: Pool
  • Pool Features: Community, In Ground
  • Pool Private: No

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Private
  • Total Parking Spaces: 1.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Trash
  • Association Fee: 497.00
  • Association Fee Frequency: Monthly
  • Association Name: Magnolia Palms
  • Phone: 7148457959
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Sidewalks, Suburban
  • Association Management: Revels

Schools

  • School District: Riverside Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Size Sq Ft: 871.00
  • Lot Size Acres: 0.0200

Multi Family

  • Lease Considered: No
  • Lot Size Area: 871.0000 Square Feet
  • Number Of Units In Community: 2
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 310.01
  • Tax Lot: 1
  • Tax Tract Number: 5610
  • TaxOtherAnnualAssessmentAmount: 56.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 8, 2023
Closed on
Feb 12, 2024
Sold by
Najdi Sara
Bought by
Ballout Ali
Seller's Agent
Cristina Caministeanu
EXP REALTY OF CALIFORNIA INC.
Buyer's Agent
Efren Hernandez
Keller Williams R. E. Services
List Price
$359,000
Sold Price
$330,000
Premium/Discount to List
-$29,000
-8.08%
Total Days on Market
84
Views
421
Current Estimated Value
$350,425

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$20,425
Avg. Annual Appreciation
5.36%
Original Mortgage
$214,500
Outstanding Balance
$211,740
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
$138,685

Purchase Details

Listed on
Nov 8, 2023
Closed on
Feb 2, 2024
Sold by
Sun Zeney Jen-I and Huiting Chi
Bought by
Ballout Ali
Seller's Agent
Cristina Caministeanu
EXP REALTY OF CALIFORNIA INC.
Buyer's Agent
Efren Hernandez
Keller Williams R. E. Services
List Price
$359,000
Sold Price
$330,000
Premium/Discount to List
-$29,000
-8.08%
Views
421

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$214,500
Outstanding Balance
$211,740
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
$138,685

Purchase Details

Closed on
Oct 21, 2022
Sold by
Small Myrtle
Bought by
Sun Zeney Jen-I and Sun Huiting Chi

Purchase Details

Closed on
Aug 5, 2003
Sold by
Chamberlain Carolyn L
Bought by
Small Myrtle

Purchase Details

Closed on
Feb 11, 2002
Sold by
Chamberlain Carolyn L and Chamberlin Carolyn L
Bought by
Chamberlain Carolyn L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$74,366
Interest Rate
6.8%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 4, 1999
Sold by
Living Trust Lindsay Marion E Trustee & Linds
Bought by
Chamberlin Carolyn L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$54,800
Interest Rate
9.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 28, 1996
Sold by
Schutte Richard J and Schutte Donna K
Bought by
Lindsay Marion E

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Ballout Ali -- None Listed On Document
Ballout Ali -- First American Title
Ballout Ali -- First American Title
Sun Zeney Jen-I $251,000 Ticor Title
Small Myrtle $116,000 First American Title Co
Chamberlain Carolyn L -- United Title Company
Chamberlin Carolyn L $64,500 First American Title Co
Lindsay Marion E $61,500 Orange Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ballout Ali $214,500
Closed Ballout Ali $214,500
Previous Owner Chamberlain Carolyn L $74,225
Previous Owner Chamberlain Carolyn L $74,366
Previous Owner Chamberlain Carolyn L $75,000
Previous Owner Chamberlin Carolyn L $54,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/29/2024 02/29/24 Sold $330,000 0.0% $267 / Sq Ft
01/26/2024 01/26/24 Price Changed $329,900 -2.9% $267 / Sq Ft
12/27/2023 12/27/23 Price Changed $339,900 -2.9% $275 / Sq Ft
11/27/2023 11/27/23 Price Changed $349,900 -2.5% $283 / Sq Ft
11/08/2023 11/08/23 For Sale $359,000 +43.0% $291 / Sq Ft
12/30/2022 12/30/22 Sold $251,000 +0.8% $203 / Sq Ft
12/15/2022 12/15/22 For Sale $249,000 0.0% $202 / Sq Ft
09/28/2022 09/28/22 Pending -- -- --
07/25/2022 07/25/22 For Sale $249,000 -0.8% $202 / Sq Ft
06/17/2022 06/17/22 Off Market $251,000 -- --
05/13/2022 05/13/22 For Sale $249,000 -- $202 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: EV23207892

California Regional Multiple Listing Service (CRMLS)

APN: 226-212-051