tomo logo

$550,000

Beds
2
Baths
1.0
sq ft
890

4686 Merrill Ave, Riverside, CA 92506

4686 Merrill Ave

Riverside, CA 92506

  • 12 days on market
Welcome to 4648 Merrill Ave in the historic Magnolia Center neighborhood of Riverside with ADU potential! City has approved plans for a 2 bed, 1 bath, detached ADU to be built in backyard. The updated traditional bungalow home features 2 bedrooms and 1 bathroom and sits on a 6,534 sq.ft. lot. As you enter the home, you'll notice rich hardwood floors, Plantation shutters, an upgraded fireplace, and an open floor plan. The dining area offers a beautiful view of the well-manicured and expansive backyard through the French doors. The kitchen has been remodeled with newer shaker cabinets, stone countertops, and stainless steel appliances. The primary bedroom boasts a beautiful built-in closet system with plenty of storage. The fully upgraded bathroom includes a standing soak tub, stone walk-in shower, and a new vanity. In the second bedroom, you'll find a gorgeous bay window with plantation shutters and a view of the surrounding neighborhood. The property has ample space for an ADU behind the home, a 2 car detached garage that also has potential to be converted to an ADU, and RV parking with the long driveway and iron security gate. The Magnolia Center neighborhood has been part of the City of Riverside since its establishment in 1883. Considered a second downtown, it offers exciting entertainment options such as live music on the Riverside Plaza Main Street, fine dining, and plenty of shopping.

Details

Property type

Single Family Residence

Est. home value

$528,359

Property condition

Updated/Remodeled

Lot size

6,534 sq ft

Price per sq ft

$618

Year built

1939

Price History

06/14/2024
CRMLS

CRMLS #PW24119134

Listed
$550,000
+5.77%
03/11/2022
CRMLS

CRMLS #OC22021607

Sold
$520,000

Schools & Community

Neighborhood: 

Magnolia Center

Elementary school: 

Pachappa

Middle school: 

Sierra

High school: 

Ramona

Community features: 

Curbs, Street Lights, Suburban, Sidewalks

High school district: 

Riverside Unified

Tracey, Home Search Advisor
Tracey
Home Search Advisor

How can I help? Hi, I’m Tracey, your real estate expert. Send me your questions about this listing or about shopping for homes.

Response time: 20 min or less

or text or call (404) 738-5385

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$208,970
Asking price
$550,000
Closing costs (~8% of asking)
-$44,000
Est. remaining loan balance
-$297,030
Cash to seller
$208,970

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Rocket Mortgage Llc

Loan start date

February 2022

Original loan amount

$312,000

Est. remaining balance

$297,030

Interest rate

3.22%

Loan type

New Conventional, 30 year

Seller

Christophe Killian and Eleanor C Killian

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 06/26/2024 at 12:00 PM

Listing updated: 06/17/2024 at 11:43 AM

Listed by: Alex Horowitz, Coldwell Banker Diamond Phone #: (714) 990-9990

MLS: CRMLS #PW24119134

CRMLS logo

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