15 days on rocket

4989 Magnolia Ave, Riverside, CA, 92506

$849,900

Home List Price

$10,000*

Closing Credit

3 Bedrooms
2 Full Baths, 1 Partial
2,000 SqFt
$425/SqFt
House
Schools Nearby

Location

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4989 Magnolia Ave, Riverside$849,900

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeSingle Family Residence
ParkingDriveway, Garage, Permit Required, RV Access/Parking
Garage2 spaces
Year Built1917
HeatingCentral
CoolingCentral Air
BasementYes
FireplaceLiving Room
ViewNone
MLS #IG24098737
Lot Size0.23 Acres
StatusActive

About 4989 Magnolia Ave

Nestled majestically on Magnolia Avenue in the historic "Wood Streets" neighborhood, this remarkable 1917 Craftsman 2-story home (otherwise known as "The Woodward House") stands as an enduring testament to the harmonious blend of architectural magnificence and nostalgic charm. As you enter this remarkable residence through the stunning 1917 front door, a sense of awe envelops you, as if stepping into a portal that transcends time itself. The living room and formal dining room, resplendent with original hardwood floors and Australian mahogany wood features, offer a warm embrace to each visitor, inviting them into a world where craftsmanship and attention to detail are paramount. The beveled glass in the dining room buffet, built-in bookcases flanking the fireplace, and front door/sidelights are original to the home. The original landscape scene depicted on the fireplace tile was a re-creation of an original design by Addison Le Boutillier. The main floor bedroom boasts an amazing secret: the secretary's desk pivots 180 degrees to expose the original Murphy bed hidden in the wall. In addition to central air/heat, the home's kitchen has been updated with today's conveniences, adjacent to a walk-in pantry, indoor laundry room, and a convenient half bath. Ascending the staircase, the allure of this home unfolds on the upper level. Here, the bedrooms bask in natural light streaming through the vintage windows, illuminating the unique architectural features and period detailing that have remained steadfast throughout time. Each room becomes a private oasis, offering tranquility and respite from the outside world, as well as a sun-filled balcony. A finished basement, accessed from inside, offers additional square footage, serving as a recreational area, an additional bedroom, a wine cellar, or a home office. Outside, the landscaped grounds offer a plethora of blooming rose bushes and mature trees which provide a canopy of shade, while the raised deck with spa and barbecue beckons you to enjoy moments with family and friends, offering an enchanting sanctuary amidst the historic "Wood Streets" neighborhood.

Property Details

Property Features

Property Information:

  • Architectural Style: Craftsman, Custom
  • Year Built: 1917
  • Stories: 2
  • Living Area: 2,000 SqFt

Listing Office:

  • Office Name: Re/Max Partners
  • Office Phone: (951) 205-4429
  • Listing Agent: April Glatzel

Interior Features

Interior Information:

  • Basement: Yes
  • Flooring Type: Wood
  • Interior: Built-in Features, Bedroom on Main Level
  • Fireplace: Living Room

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Private Pool: No
  • View: None

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: No
  • Parking: Driveway, Garage, Permit Required, RV Access/Parking

Lot Features

Lot Information:

  • Lot: Corner Lot, Landscaped
  • Lot Size: 0.23 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

School Info

Assigned Schools Information:

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

Other

Directions Information:

  • Directions: From Corona, take 91 Frwy east and exit Central Avenue, then turn left. Turn right on Magnolia and home will be on the left four blocks past traffic light at Bandini. Home is at corner of Magnolia and Larchwood.

Price Information

Listing Price Info

Price Summary:

  • List Price: $849,900
  • Price Per SqFt: $425/SqFt

Tax Information:

  • Annual Amount: $2,793
  • Tax Year: 2021
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Housing Market Comparison

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

Med. Sold Price

$637.1K

Med. Price/SqFt

$371

Avg. Days On Market

26

# of Sold Homes

175

4989 Magnolia Ave vs Riverside

15 DAYS ON ROCKET

-11 Days

$849,900

+$212.7K More

$425/SqFt

+$54 More

KEY TAKEAWAY

This property is $212.7K more than the Median Sold Price and $54/SqFt more than other homes in Riverside, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #IG24098737

Listing Office:

  • Office Name: Re/Max Partners
  • Office Phone: (951) 205-4429
  • Listing Agent: April Glatzel

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: 6/1/2024, 1:20:36 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Nov 06, 1998Home Sold
$169,000
Aug 15, 1994Home Sold
$149,000

Tax History

YEARPROP. TAXASSESSMENT
2021$2,793$244,740
2020$2,793$242,232
2018$2,688$232,827
2017$2,474$228,263

History based on county public records data.

Payment Calculator

$4,309

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,615

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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-6415890
6
/10
  • Magnolia Elementary School

  • 3975 Maplewood Pl

  • 0.67 miles

  • Public District Grades KG-6

Middle School

school-card-donut-6415891
4
/10
  • Central Middle School

  • 4795 Magnolia Ave

  • 0.12 miles

  • Public District Grades 5-8

High School

school-card-donut-6415892
6
/10
  • Riverside Virtual

  • 4011 14th St

  • 0.61 miles

  • Public District Grades KG-12

school-card-donut-6415893
7
/10
  • Polytechnic High School

  • 5450 Victoria Ave

  • 1.60 miles

  • Public District Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $85,381. The majority of Riverside, CA residents have income between $35k-100k annually. The most common type of family is single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 4989 Magnolia Ave

What is the listing price of this property?

The listing price of 4989 Magnolia Ave property is $849,900.

What type of property is this?

The property 4989 Magnolia Ave is a house located in Riverside, California, 92506.

Is this property for sale now?

Active Listing: 4989 Magnolia Ave is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 4989 Magnolia Ave are:
Magnolia Elementary School: GreatSchools Rating 6/10
Central Middle School: GreatSchools Rating 4/10
Riverside Virtual: GreatSchools Rating 6/10
Polytechnic High School: GreatSchools Rating 7/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $2,793 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on November 6, 1998 for $169,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 4989 Magnolia Ave has 3 bedrooms and 2 full and 1 half bathrooms.

What is the square footage of this property?

The property 4989 Magnolia Ave is 2,000 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 4989 Magnolia Ave is 1917.

Rocket HomesCaliforniaRiverside CountyRiverside925064989 Magnolia Ave

This home is located at 4989 Magnolia Ave in Riverside, CA and zip code 92506 in the Wood Streets neighborhood. This 2,000 square foot home, which was built in 1917, sits on a 0.23 acre lot. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since May 17, 2024 and is currently priced at $849,900.

Over 88 listings were sold over their listed price in April 2024 in Riverside, CA. In the same period over 55 listings were sold below the listed price and 32 listings were sold for the listed price. The number of listings in Riverside, CA decreased by 0.1% between March 2024 and April 2024. While the average time on the market in April 2024 was 26 days, the median list price was $637,181.

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

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