7350 Morris Street

7350 Morris Street in Riverside, CA was first built in 2003 and is 21 years old. This has been categorized as a industrial property type. It is a single story home. In total, the area measurement of the land is 21,344 square feet.

Learn more about the property and building on this page. 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 masonry control joints. 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, 7350 Morris Street sold most recently in Jul 29, 2021 for a total of $2,050,000. If you work out the math, that's approximately a cost of $244.16 per sqft. Before that, the property was also sold for $1,650,000 in Oct 31, 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 $24,175 in taxes each year. 7350 Morris Street was most recently assessed in 2021. During this assessment, the property's total value was estimated to be about $1,667,093. If we break it down further, the land itself was valued at $257,641. Improvements to the property, however, were assessed at a total of $1,409,452. The property's total assessed value has been marked as more than the total market value which is pretty atypical. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI 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.