Check Availability

1225 Palmer Street

1225 Palmer Street, Riverside, CA 92507
Property in Palmer
Sold Mar 26, 2021
$340,000
$333,841 by Royal Pacific Funding Corp
Mortgage Due Apr 01, 2051
Sold Oct 28, 2020
$219,000
1225 Palmer Street in Riverside, CA was first built in 1948 and is 76 years old. This has been categorized as a residential property type. It is a single story home. There are a total of 4 rooms in the home, of which, 2 are bedrooms. In terms of bathrooms, there is only one bathroom. There is a 1 partial bathroom. 1225 Palmer Street has 896 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 6,098 square feet.

Learn more about the property and building on this page. The roof of the home is made of gravel/rock. Water for the property is sourced from a water system. For those who need parking, there is a carport. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with wood control joints. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as average. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a central heating system and being fueled with gas. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 1225 Palmer Street sold most recently in Feb 22, 2021 for a total of $340,000. If you work out the math, that's approximately a cost of $314.81 per sqft. Before that, the property was also sold for $219,000 in Oct 20, 2020. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $4,062 in taxes each year. The initial year of tax delinquency occurred in 2019. 1225 Palmer Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $353,736. If we break it down further, the land itself was valued at $78,030. Improvements to the property, however, were assessed at a total of $275,706. The property's total assessed value has been marked as more than the total market value which is pretty atypical. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1948
  • Effective Year Built: 1948
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Wood
  • Roof Cover Type: Gravel/rock
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Carport
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,098
  • Total Building Area: 1,080
  • Gross Building Area: 1,080
  • Building Area: 896
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 896
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: None
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: PALMER SUB
  • Land Acres: 0.14
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Water rights (misc.)
  • Legal Description 1: LOT 16 MB 022/089 PALMER SUB

Ownership

  • Current Owner : RINCON JUAN ANTONIO ASCENCIO
  • Current Owner 2: ALCAZAR CYNTIA GARCIA
  • Previous Owner : WANG HARRY
  • Previous Owner 2: WANG FAMILY TRUST
  • Owner Before Previous Owner: MCDONNELL ANGEL M
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Riverside Unified School District
  • Census Tract: 042300

Zoning

  • Zoning: R1

Geography

  • Parcel: 247-091-016
  • Lot: 16
  • Municipality: RIVERSIDE
  • Latitude: 34.0151
  • Longitude: -117.339

    Address

  • Full Address: 1225 Palmer St
  • Address - House Number: 1225
  • Address - Street Name: Palmer
  • Address - Suffix Type: St
  • State: CA
  • City Name: Riverside
  • Carrier Code: C068
  • 4-Digit Zip Code: 1015
  • Zip Code: 92507

Valuation

    Tax

  • Total Area: 896
  • Tax Year: 2023
  • Tax Amount: $4,062
  • Intital Tax Deliquent Year: 2019
  • Tax Rate Code Area: 088-044

    Appraisal Valuation

  • Standard Deviation: 0.1975
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 73
  • Final Value: 444,672
  • High Value: 532,539
  • Low Value: 356,806

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $333,841
  • First Open Lien Mortgage Lender: ROYAL PACIFIC FUNDING CORP
  • First Open Lien Mortgage Recording Date: Mar 26, 2021
  • First Open Lien Mortgage Loan Amount: $333,841
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Apr 01, 2051

    Market Valuation

  • Market Total Value: $299,430

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $353,736
  • Assessed Land Value: $78,030
  • Assessed Improvements Value: $275,706

    Sales

  • Current Sale Contract Date: Feb 22, 2021
  • Current Sale Recording Date: Mar 26, 2021
  • Current Sale Transaction ID: 11829095109
  • Current Sale Price: $340,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 2021-0191271
  • Previous Sale Recording Date: Oct 28, 2020
  • Previous Sale Contract Date: Oct 20, 2020
  • Previous Sale Amount: $219,000
  • Previous Sale Document Type: Trustee's Deed (Certificate of Title)

    Last Sale Mortgage

  • First Mortgage Lender: ROYAL PACIFIC FUNDING CORP
  • First Mortgage Transaction Date: Mar 26, 2021
  • First Mortgage Loan Amount: $333,841
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Apr 01, 2051

About Highgrove



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Unit for rent at 22149 Tanager Street, Grand Terrace, CA, 92313

$2,995 /mo

  • 3 Beds
  • 2 Baths
  • 1,462 ft²
22149 Tanager Street, Grand Terrace, CA, 92313 Listing by Dion Stallberg
Unit for rent at 11939 Mount Vernon Avenue, Grand Terrace, CA, 92313

$2,650 /mo

  • 3 Beds
  • 2 Baths
  • 1,057 ft²
11939 Mount Vernon Avenue, Grand Terrace, CA, 92313 Listing by Linfan Jiang
Unit for rent at 20096 Cold Canyon Court, Riverside, CA, 92507

$3,000 /mo

  • 3 Beds
  • 2.5 Baths
  • 1,503 ft²
20096 Cold Canyon Court, Riverside, CA, 92507 Listing by Vince Baldwin
Unit for rent at 22644 Minona Drive, Grand Terrace, CA, 92313

$3,000 /mo

  • 3 Beds
  • 2 Baths
  • 1,335 ft²
22644 Minona Drive, Grand Terrace, CA, 92313 Listing by CLINTON BOZNER

Frequently Asked Questions

What neighborhood is 1225 Palmer Street located in?
The 1225 Palmer Street is a located in the neighborhood of Palmer in Highgrove, Riverside.
What is the average sales price for listings in 1225 Palmer Street?
The average sales price for units in 1225 Palmer Street is $0 currently.

Quantcast