3 months on rocket

3561 Russell St, Riverside, CA, 92501

$575,000

Home List Price

$6,828*

Closing Credit

0 Baths
Multi
Schools Nearby

Location

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3561 Russell St, Riverside$575,000

Buyer Closing Credits

$6,828*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
ParkingGarage
Garage2 spaces
Year Built1949
HeatingNone
CoolingNone
FireplaceNone
ViewNone
MLS #CV24008044
Lot Size0.25 Acres
StatusActive

About 3561 Russell St

Opportunity Zone! Fixer-Upper Duplex (2 Units) Near Downtown Riverside. Embrace the potential of this fixer-upper duplex, strategically located near downtown Riverside and near the new The Exchange mixed use development! This property presents a unique opportunity for renovation enthusiasts and investors to create a personalized space while also exploring the possibility of building an Accessory Dwelling Unit (ADU). Excellent opportunity for cash investors! Prime Location: Located in an OPPORUNITY ZONE! (buyer to verify) Conveniently situated near downtown Riverside, enjoy proximity to local amenities, entertainment, and cultural attractions. Short distance of Historic Mission Inn and The Riverside Art Museum. Stroll down Main Street, eat at one of many restaurants, visit the shops and vendors and enjoy the Festival of Lights attraction. Buyer is to do all due diligence on all matters including, but not limited to, property size, lot size, permit history, zoning, permitted and non-permitted use, school assignments, property condition, metering information and anything effecting the desirability of the property to the Buyer. Fixer-Upper: Unleash your creativity and vision with this duplex that is ready for a makeover. Customize the space to your liking and add significant value. ADU Potential: Take advantage of the expansive lot and explore the option of constructing possibly more than one ADU. Perfect for extra rental income, extended family, or a home office. Property has: 2 gas meters; 1 electric meter; 1 water meter. Investment Opportunity: Ideal for those looking to invest in a property with substantial potential. Unlock value through renovations and additional 2+ ADU dwelling possibilities! Good rental area demand. Large, 10,000+ square foot lot leaving plenty of room to build. Pro Forma rent is an estimate only (buyer to perform their own research). Buyer to to perform their own research and investigation regarding the subject property and the area. Per city of Riverside, property is zone R1-7000 SFR - Buyer to verify. Please NO BLIND OFFERS.

Property Details

Property Features

Property Information:

  • Year Built: 1949
  • Stories: 1

Listing Office:

  • Office Name: RE/MAX CHAMPIONS
  • Office Phone: (909) 224-5091
  • Listing Agent: VINCE DEL NEGRO

Interior Features

Interior Information:

  • Interior: All Bedrooms Down
  • Fireplace: None

Exterior Features

Exterior Information:

  • Private Pool: No
  • View: None

Parking Information:

  • Garage Space: 2 spaces
  • Parking: Garage

Lot Features

Lot Information:

  • Lot Size: 0.25 Acres

Utilities

Utilities Information:

  • Heating: None
  • Cooling: None

School Info

Assigned Schools Information:

  • Polytechnic High School, Public District Grades 9-12
  • Central Middle School, Public District Grades 5-8
  • Fremont Elementary School, Public District Grades KG-6

Other

Directions Information:

  • Directions: 60 Freeway, Exit Main St, Russell St - Left

Price Information

Listing Price Info

Price Summary:

  • List Price: $575,000

Tax Information:

  • Annual Amount: $2,448
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Riverside, CA.

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Riverside, CA

City

Med. Sold Price

$631K

Med. Price/SqFt

$369

Avg. Days On Market

33

# of Sold Homes

179

3561 Russell St vs Riverside

103 DAYS ON ROCKET

+70 Days

$575,000

-$56K Less

KEY TAKEAWAY

This property is $56K less than the Median Sold Price in Riverside, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #CV24008044

Listing Office:

  • Office Name: RE/MAX CHAMPIONS
  • Office Phone: (909) 224-5091
  • Listing Agent: VINCE DEL NEGRO

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/28/2024, 8:25:20 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$2,448$220,752
2020$2,448$218,489
2018$2,353$210,007
2017$2,164$205,891

History based on county public records data.

Payment Calculator

$2,937

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,790

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-2068669
3
/10

  • Fremont Elementary School

  • 1925 N Orange St

  • 0.13 miles

  • Public District Grades KG-6

Middle School

school-card-donut-2068670
3
/10

  • Central Middle School

  • 4795 Magnolia Ave

  • 2.01 miles

  • Public District Grades 5-8

High School

school-card-donut-2068671
6
/10

  • Polytechnic High School

  • 5450 Victoria Ave

  • 2.99 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $58,705. Residents of Riverside, CA typically earn between $35k-100k each year. Most families are single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›California›Riverside County›Riverside›92501›3561 Russell St

This home is located at 3561 Russell St in Riverside, CA and zip code 92501 in the Downtown Riverside neighborhood. This home, which was built in 1949, sits on a 0.25 acre lot. It has been listed on Rocket Homes since January 16, 2024 and is currently priced at $575,000.

Over 92 listings were sold over their listed price in March 2024 in Riverside, CA. In the same period over 54 listings were sold below the listed price and 33 listings were sold for the listed price. The number of listings in Riverside, CA increased by 1.9% between February 2024 and March 2024. Listings spent 33 days on the market in March 2024, and had a median list price of $631,054 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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