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2994 Molly Street

2994 Molly Street, Riverside, CA 92506
Property in Lincoln Knolls
Sold Dec 17, 2021
$575,000
$499,900 by Amerifirst Financial Corp
Mortgage Due Jan 01, 2052
Sold Jun 22, 2018
$375,000
$368,207 by United Wholesale Mortgage
Mortgage Due Jul 01, 2048
2994 Molly Street has been categorized by the local assessors in Riverside, CA as a residential type of property. The building on the property was first built in 1958 and is 66 years old. The home has a total of 3 bedrooms. Residents will have access to one full bathroom. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 2994 Molly Street has 1,860 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 9,148 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a attached garage for those who require parking. The garage measured 448 sqft. According to our sources, there are a total of 2 available parking spaces. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with wood control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The roof of the building is made of wood shake/ shingles. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a central heating system and being fueled with gas. There is a single fireplace in the home. Perfect for those wintery nights. Finally, the property is currently sourcing its water from a water system. The building on the property is connected to a sewer system. 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, 2994 Molly Street sold most recently in Dec 1, 2021 for a total of $575,000. If you work out the math, that's approximately a cost of $247.21 per sqft. Before that, the property was also sold for $375,000 in May 18, 2018. 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 $6,573 in taxes each year. The initial year of tax delinquency occurred in 2021. 2994 Molly Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $585,480. If we break it down further, the land itself was valued at $91,800. Improvements to the property, however, were assessed at a total of $493,680. The property's total assessed value has been marked as more than the total market value which is pretty atypical. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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.

Building Features

Driveway

Driveway

Parking

Garage Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Quality: C
  • Construction Type: Wood
  • Roof Cover Type: Wood shake/ shingles
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 448
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 9,148
  • Total Building Area: 2,326
  • Gross Building Area: 2,326
  • Building Area: 1,860
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,860
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: LINCOLN KNOLLS
  • Land Acres: 0.21
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Water rights (misc.)
  • Legal Description 1: POR LOT 9 MB 028/086 LINCOLN KNOLLS

Ownership

  • Current Owner : SCHELLING ARTHUR ALAN
  • Current Owner 2: SCHELLING STEPHANIE KATRINA
  • Previous Owner : LOGAN JOSEPH G
  • Previous Owner 2: LOGAN HANNAH
  • Owner Before Previous Owner: DIETZNMAN JANET L
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Riverside Unified School District
  • Census Tract: 031200

Zoning

  • Zoning: R1

Geography

  • Parcel: 235-062-011
  • Lot: 9
  • Municipality: RIVERSIDE
  • Latitude: 33.9396
  • Longitude: -117.384

    Address

  • Full Address: 2994 Molly St
  • Address - House Number: 2994
  • Address - Street Name: Molly
  • Address - Suffix Type: St
  • State: CA
  • City Name: Riverside
  • Carrier Code: C021
  • 4-Digit Zip Code: 4339
  • Zip Code: 92506

Valuation

    Tax

  • Total Area: 1,860
  • Tax Year: 2023
  • Tax Amount: $6,573
  • Intital Tax Deliquent Year: 2021
  • Tax Rate Code Area: 009-002

    Appraisal Valuation

  • Standard Deviation: 0.1802
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 76
  • Final Value: 639,462
  • High Value: 754,720
  • Low Value: 524,203

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $499,900
  • First Open Lien Mortgage Lender: AMERIFIRST FINANCIAL CORP
  • First Open Lien Mortgage Recording Date: Dec 17, 2021
  • First Open Lien Mortgage Loan Amount: $499,900
  • 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

    Market Valuation

  • Market Total Value: $505,260

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $585,480
  • Assessed Land Value: $91,800
  • Assessed Improvements Value: $493,680

    Sales

  • Current Sale Contract Date: Dec 01, 2021
  • Current Sale Recording Date: Dec 17, 2021
  • Current Sale Transaction ID: 11875317627
  • Current Sale Price: $575,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 2021-0745086
  • Previous Sale Recording Date: Jun 22, 2018
  • Previous Sale Contract Date: May 18, 2018
  • Previous Sale Amount: $375,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: AMERIFIRST FINANCIAL CORP
  • First Mortgage Transaction Date: Dec 17, 2021
  • First Mortgage Loan Amount: $499,900
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jan 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: UNITED WHOLESALE MORTGAGE
  • Previous Mortgage Transaction Date: Jun 22, 2018
  • Previous Mortgage Loan Amount: $368,207
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Jul 01, 2048

About Victoria



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 2994 Molly Street located in?
The 2994 Molly Street is a located in the neighborhood of Lincoln Knolls in Victoria, Riverside.
What is the average sales price for listings in 2994 Molly Street?
The average sales price for units in 2994 Molly Street is $0 currently.

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