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2929 Elgin Drive

2929 Elgin Drive, Riverside, CA 92507
Property in University
Sold Dec 27, 2021
$1,080,000
$698,500 by Ez Fundings Inc
Mortgage Due Jan 01, 2052
Sold Dec 21, 2010
$400,000
$200,000 by Wells Fargo Bank Na
Mortgage Due Jan 01, 2041
Local assessors in Riverside, CA have categorized 2929 Elgin Drive as a residential type of property. The home was built in 1965 and is 59 years old. The property's lot size has been calculated to be 10,454 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a quadplex style. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with wood control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 2929 Elgin Drive was last sold in Dec 11, 2021 for $1,080,000. According to our calculations, that's $257.14 per sqft. Prior to that sales transaction, the property was sold for $400,000 in Aug 18, 2010. Current property owners are expected to pay $12,412 in taxes per year. The property on 2929 Elgin Drive was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $1,101,600. To break that down further, the land itself was valued at $183,600. While improvements to the property were assessed at a total of $918,000. Based on our records, the total assessed value for this property has been marked as more than the total market value as of this moment. Which is pretty atypical. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1965
  • Building Count: 1
  • Bedroom Count: 0
  • Building Quality: C
  • Construction Type: Wood
  • Building Style: Quadplex
  • Floor Count: 2
  • Living Units: 4
  • Business/Commerical Units Count: 4
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 10,454
  • Total Building Area: 4,200
  • Gross Building Area: 4,200
  • Building Area: 4,200

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: TRACT NO 2602
  • Land Acres: 0.24
  • Standard Land Use Code: Quadruplex (4 units, any combination)
  • Legal Description 1: LOT 18 MB 049/017 TR 2602

Ownership

  • Current Owner : HERNANDEZ SALVADOR
  • Previous Owner : YEH DOUG K
  • Previous Owner 2: LUONG SYLVIA
  • Owner Before Previous Owner: THE BANK OF NEW YORK MELLON
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Family Living Trust
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Riverside Unified School District
  • Census Tract: 042210

Zoning

  • Zoning: R3

Geography

  • Subdivision Tract Number: 2602
  • Parcel: 250-122-008
  • Lot: 18
  • Municipality: RIVERSIDE
  • Latitude: 33.9864
  • Longitude: -117.332

    Address

  • Full Address: 2929 Elgin Dr
  • Address - House Number: 2929
  • Address - Street Name: Elgin
  • Address - Suffix Type: Dr
  • State: CA
  • City Name: Riverside
  • Carrier Code: C018
  • 4-Digit Zip Code: 2950
  • Zip Code: 92507

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $12,412
  • Tax Rate Code Area: 009-002

    Appraisal Valuation

  • Standard Deviation: 0.1763
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 77
  • Final Value: 1,174,614
  • High Value: 1,381,815
  • Low Value: 967,414

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $698,500
  • First Open Lien Mortgage Lender: EZ FUNDINGS INC
  • First Open Lien Mortgage Recording Date: Dec 27, 2021
  • First Open Lien Mortgage Loan Amount: $698,500
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jan 01, 2052

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,101,600
  • Assessed Land Value: $183,600
  • Assessed Improvements Value: $918,000

    Sales

  • Current Sale Contract Date: Dec 11, 2021
  • Current Sale Recording Date: Dec 27, 2021
  • Current Sale Transaction ID: 11876078753
  • Current Sale Price: $1,080,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 2021-0756194
  • Previous Sale Recording Date: Dec 21, 2010
  • Previous Sale Contract Date: Aug 18, 2010
  • Previous Sale Amount: $400,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: EZ FUNDINGS INC
  • First Mortgage Transaction Date: Dec 27, 2021
  • First Mortgage Loan Amount: $698,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jan 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: WELLS FARGO BANK NA
  • Previous Mortgage Transaction Date: Dec 21, 2010
  • Previous Mortgage Loan Amount: $200,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial
  • Previous Mortgage Loan Due Date: Jan 01, 2041

About University



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Nearby Rentals

Unit for rent at 3581 Chicago Avenue, Riverside, CA, 92507

$1,595 /mo

  • 1 Bed
  • 1 Bath
  • 525 ft²
3581 Chicago Avenue #D, Riverside, CA, 92507 Listing by BRANDI WELLER

Frequently Asked Questions

What neighborhood is 2929 Elgin Drive located in?
The 2929 Elgin Drive is a located in the neighborhood of University in University, Riverside.
What is the average sales price for listings in 2929 Elgin Drive?
The average sales price for units in 2929 Elgin Drive is $0 currently.

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