3740 Park Sierra Drive

Local assessors in Riverside, CA have categorized 3740 Park Sierra Drive as a commercial type of property. The home was built in 1985 and is 39 years old. The property's lot size has been calculated to be 47,916 square feet. This is a single story home so it's perfect for folks who don't want to have to climb 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. 3740 Park Sierra Drive is a 4 code building. This code stands for "buildings that have wood or wood and steel frames.". 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 - D. 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, 3740 Park Sierra Drive sold most recently in Jan 14, 2021 for a total of $2,400,000. If you work out the math, that's approximately a cost of $226.42 per sqft. Before that, the property was also sold for $1,950,000 in Aug 29, 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 $30,775 in taxes each year. The initial year of tax delinquency occurred in 2021. 3740 Park Sierra Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $2,496,960. If we break it down further, the land itself was valued at $936,360. Improvements to the property, however, were assessed at a total of $1,560,600. The property's total assessed value has been marked as more than the total market value which is pretty atypical. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.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.