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5076 Los Olivos Way

5076 Los Olivos Way, Riverside, CA 92505
Property in La Sierra
Sold Aug 11, 2021
$433,000
$324,750 by Jmac Lending Inc
Mortgage Due Sep 01, 2051
Sold Dec 17, 2013
$227,000
5076 Los Olivos Way in Riverside, CA was first built in 1978 and is 46 years old. Although, the building on the property was most recently renovated and altered in 1979. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a condo style. There are a total of 2 floors. There are a total of 0 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there is only one bathroom. There are 2 partial bathrooms. 5076 Los Olivos Way has 1,820 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 2,614 square feet.

Learn more about the property and building on this page. The roof of the home is made of tile. 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 420 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 quality of the control joints have been graded by the local assessor with a letter grade of C. 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. The property was last sold in Aug 6, 2021 for $433,000. That's $237.91 per sqft. Prior to that sales transaction, the property was also sold in Nov 25, 2013 for $227,000. 5076 Los Olivos Way was last assessed in 2023. The total value of the property was assessed at $441,660. Specifically, the land the property is located on was valued at $61,200. While improvements on the property were assessed at a total of $380,460. The total assessed value for this property is more than the total market value as of this moment. Which is pretty atypical. The total amount of taxes due from a property owner is $5,436. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry! Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1978
  • Effective Year Built: 1979
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Quality: C
  • Construction Type: Wood
  • Building Style: Condo
  • Roof Cover Type: Tile
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Detached
  • Garage Square Area: 420
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 2,614
  • Total Building Area: 1,820
  • Gross Building Area: 1,820
  • Building Area: 1,820
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,820
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: TRACT NO 5531
  • Land Acres: 0.06
  • Standard Land Use Code: Condominium unit (residential)
  • County Land Use Code: Right-of-way (not rail, road, or utility)
  • Legal Description 1: LOT 25 MB 091/009 TR 5531 & INT IN COMMON LOT

Ownership

  • Current Owner : KONG RICHARD H
  • Previous Owner : MORNING GLORY LLC
  • Owner Before Previous Owner: SICHER ROBERT

Neighborhood

  • School District Name: Alvord Unified School District
  • Census Tract: 040903

Zoning

  • Zoning: R1

Geography

  • Subdivision Tract Number: 5531
  • Parcel: 141-151-050
  • Lot: 25
  • Municipality: RIVERSIDE
  • Latitude: 33.9184
  • Longitude: -117.501

    Address

  • Full Address: 5076 Los Olivos Way
  • Address - House Number: 5076
  • Address - Street Name: Los Olivos
  • Address - Suffix Type: Way
  • State: CA
  • City Name: Riverside
  • Carrier Code: C045
  • 4-Digit Zip Code: 3234
  • Zip Code: 92505

Valuation

    Tax

  • Total Area: 1,820
  • Tax Year: 2023
  • Tax Amount: $5,436
  • Tax Rate Code Area: 009-175

    Appraisal Valuation

  • Standard Deviation: 0.1788
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 76
  • Final Value: 536,670
  • High Value: 632,673
  • Low Value: 440,667

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $324,750
  • First Open Lien Mortgage Lender: JMAC LENDING INC
  • First Open Lien Mortgage Recording Date: Aug 11, 2021
  • First Open Lien Mortgage Loan Amount: $324,750
  • 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: Sep 01, 2051

    Market Valuation

  • Market Total Value: $386,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $441,660
  • Assessed Land Value: $61,200
  • Assessed Improvements Value: $380,460

    Sales

  • Current Sale Contract Date: Aug 06, 2021
  • Current Sale Recording Date: Aug 11, 2021
  • Current Sale Transaction ID: 11849494004
  • Current Sale Price: $433,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 2021-0481271
  • Previous Sale Recording Date: Dec 17, 2013
  • Previous Sale Contract Date: Nov 25, 2013
  • Previous Sale Amount: $227,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: JMAC LENDING INC
  • First Mortgage Transaction Date: Aug 11, 2021
  • First Mortgage Loan Amount: $324,750
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2051

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Frequently Asked Questions

What neighborhood is 5076 Los Olivos Way located in?
The 5076 Los Olivos Way is a located in the neighborhood of La Sierra in La Sierra, Riverside.
What is the average sales price for listings in 5076 Los Olivos Way?
The average sales price for units in 5076 Los Olivos Way is $0 currently.

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