tomo logo

$874,900

Beds
5
Baths
5.5
sq ft
2,996

6248 Riverside Ave, Riverside, CA 92506

6248 Riverside Ave

Riverside, CA 92506

  • 2 days on market
    • Open house Sep 21
Welcome to 6248 Riverside Avenue, a versatile and spacious property offering multiple living options in the heart of Riverside! This unique property features a main large front house with 3 spacious bedrooms and 2 bathrooms. The home welcomes a large open living room to dinning room and kitchen. The front home currently serves as a very profitable Airbnb. Additionally, the property includes two separate units: a 1-bedroom, 1-bathroom ADU (Accessory Dwelling Unit), currently a rental unit, also ideal for multi-generational living. Additionally, there's a a 1-bedroom, 1-bathroom addition that is a rental as well, providing even more flexibility for guests, extended family, or as a home office. Set on a generous lot, this property offers ample parking and outdoor space for entertaining or relaxation. Its prime location puts you close to shopping, dining, and all that Riverside has to offer. Whether you're looking for a family home with additional income potential or a multi-unit investment, this property is a must-see! Don’t miss out on this incredible opportunity to own a property with endless possibilities. Schedule a viewing today!

Details

Property type

Single Family Residence

Est. home value

$692,913

Lot size

9,148 sq ft

Price per sq ft

$293

Year built

1953

Price History

09/17/2024
CRMLS

CRMLS #CV24192474

Listed
$874,900
+44.61%
04/22/2022
CRMLS

CRMLS #OC22016645

Sold
$605,000
+86.15%
08/10/2016
CRMLS

CRMLS #IG16104863

Sold
$325,000

Schools & Community

Neighborhood: 

Magnolia Center

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Sidewalks

High school district: 

Riverside Unified

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

$278,427
Asking price
$874,900
Closing costs (~8% of asking)
-$69,992
Est. remaining loan balance
-$526,481
Cash to seller
$278,427

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

Seller’s Loan History

Lender

United Wholesale Mortgage

Loan start date

February 2022

Original loan amount

$556,700

Est. remaining balance

$526,481

Interest rate

3.11%

Loan type

New Conventional, 30 year

Seller

Vicente Ponce and Erica Ponce

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?

Status: Active

Tomo last checked: 09/19/2024 at 3:05 AM

Listing updated: 09/18/2024 at 7:02 AM

Listed by: Carolyne Beaulne Seguin, RE/MAX TIME REALTY Phone #: (909) 373-0880

MLS: CRMLS #CV24192474

CRMLS logo

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