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4882 Luther Street

4882 Luther Street, Riverside, CA 92504
Property in Magnolia Center
Sold Oct 28, 2019
$415,000
$407,483 by Academy Mortgage Corp
Mortgage Due Nov 01, 2049
Sold May 20, 2019
$290,000
4882 Luther Street in Riverside, CA was first built in 1954 and is 70 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a contemporary style. It is a single story home. There are a total of 6 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there is only one bathroom. There are 2 partial bathrooms. 4882 Luther Street has 1,350 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 6,970 square feet.

Learn more about the property and building on this page. There is a unknown. The roof of the home is made of wood shake/ shingles. Water for the property is sourced from a water system. The property is connected to a sewer system. For those who need parking, there is a detached garage. The garage is 400 sqft. There are a total of 2 available parking spaces. 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 condition of the building has been evaluated as good. The exterior walls of the home are made of stucco. 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, 4882 Luther Street sold most recently in Oct 4, 2019 for a total of $415,000. If you work out the math, that's approximately a cost of $284.64 per sqft. Before that, the property was also sold for $290,000 in May 8, 2019. 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 $4,914 in taxes each year. The initial year of tax delinquency occurred in 2020. 4882 Luther Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $436,237. If we break it down further, the land itself was valued at $94,605. Improvements to the property, however, were assessed at a total of $341,632. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. 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.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: 1954
  • Effective Year Built: 1954
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: Good
  • Construction Type: Wood
  • Building Style: Contemporary
  • Exterior Walls Type: Stucco
  • Roof Cover Type: Wood shake/ shingles
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Detached
  • Garage Square Area: 400
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 6,970
  • Total Building Area: 1,458
  • Gross Building Area: 1,458
  • Building Area: 1,350
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,350
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: LUTHER TR
  • Land Acres: 0.16
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Water rights (misc.)
  • Legal Description 1: LOT 9 MB 026/054 LUTHER TR

Ownership

  • Current Owner : NEVAREZ XAVIER SANTOS
  • Current Owner 2: NEVAREZ NICOLE
  • Previous Owner : COM FASTSLMPLESOLD
  • Owner Before Previous Owner: THE RANDEL CRAIG MCMILLIN LIVING TRUST D
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Riverside Unified School District
  • Census Tract: 031001

Zoning

  • Zoning: R1

Geography

  • Parcel: 226-233-002
  • Lot: 9
  • Municipality: RIVERSIDE
  • Latitude: 33.9484
  • Longitude: -117.409

    Address

  • Full Address: 4882 Luther St
  • Address - House Number: 4882
  • Address - Street Name: Luther
  • Address - Suffix Type: St
  • State: CA
  • City Name: Riverside
  • Carrier Code: C104
  • 4-Digit Zip Code: 2245
  • Zip Code: 92504

Valuation

    Tax

  • Total Area: 1,350
  • Tax Year: 2023
  • Tax Amount: $4,914
  • Intital Tax Deliquent Year: 2020
  • Tax Rate Code Area: 009-000

    Appraisal Valuation

  • Standard Deviation: 0.1673
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 78
  • Final Value: 608,370
  • High Value: 710,164
  • Low Value: 506,577

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $422,008
  • First Open Lien Mortgage Lender: ACADEMY MORTGAGE CORP
  • First Open Lien Mortgage Recording Date: Oct 28, 2019
  • First Open Lien Mortgage Loan Amount: $407,483
  • 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: Nov 01, 2049
  • Second Open Lien Mortgage Lender: ACADEMY MORTGAGE CORP
  • Second Open Lien Mortgage Recording Date: Oct 28, 2019
  • Second Open Lien Mortgage Loan Amount: $14,525
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Commercial

    Market Valuation

  • Market Total Value: $463,590

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $436,237
  • Assessed Land Value: $94,605
  • Assessed Improvements Value: $341,632

    Sales

  • Current Sale Contract Date: Oct 04, 2019
  • Current Sale Recording Date: Oct 28, 2019
  • Current Sale Transaction ID: 11671978671
  • Current Sale Price: $415,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 2019-0435270
  • Previous Sale Recording Date: May 20, 2019
  • Previous Sale Contract Date: May 08, 2019
  • Previous Sale Amount: $290,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: ACADEMY MORTGAGE CORP
  • First Mortgage Transaction Date: Oct 28, 2019
  • First Mortgage Loan Amount: $407,483
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Nov 01, 2049

About Magnolia Center



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Frequently Asked Questions

What neighborhood is 4882 Luther Street located in?
The 4882 Luther Street is a located in the neighborhood of Magnolia Center in Magnolia Center, Riverside.
What is the average sales price for listings in 4882 Luther Street?
The average sales price for units in 4882 Luther Street is $0 currently.

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