13 days on rocket

5121 Magnolia Ave, Riverside, CA, 92506

$1,333,000

Home List Price

$10,000*

Closing Credit

5 Bedrooms
2 Full Baths, 1 Partial
3,000 SqFt
$444/SqFt
House
Schools Nearby

Location

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5121 Magnolia Ave, Riverside$1,333,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
Garage3 spaces
Year Built1923
HeatingCentral
CoolingCentral Air, Dual
BasementYes
FireplaceLiving Room
ViewNeighborhood, Pool
Private PoolYes
MLS #IV24075836
Lot Size0.21 Acres
StatusActive

About 5121 Magnolia Ave

Step into a piece of history with this exquisite 1923 Colonial home, designed by the renowned architect Henry Jekel, nestled in the prestigious Wood Streets Historic District. This distinguished residence combines original character with modern upgrades, ensuring a living experience that is both luxurious and authentically preserved. Experience the allure of the past with the home's charming brick entry and mature landscaping, setting a tone of grandeur and elegance. Inside, the home boasts large living spaces, including a formal dining room and a spacious kitchen outfitted with stainless steel appliances. Tasteful updates and refurbishments are evident throughout, marrying the original charm with contemporary comfort. This two-story home features five generously sized bedrooms and 2.5 bathrooms, with the upper floor housing four bedrooms and two remodeled bathrooms, providing ample space for family and guests alike. The master suite is a true retreat, offering tranquility and privacy. Entertain in style in the expansive backyard, where a charming deck and a shimmering pool await to make your summers unforgettable. Additional features include a carport, a two-car garage, and a convenient laundry room, all enhancing the functionality of this historic gem. Living in this home also means the opportunity of significant tax benefits, thanks to its Mills Act Tax Relief approval. This is not just a home; it's a savvy investment and a chance to own a significant part of Riverside's architectural heritage. Make this captivating home yours and live the legacy of luxury and history.

Property Details

Property Features

Property Information:

  • Year Built: 1923
  • Stories: 2
  • Living Area: 3,000 SqFt

Listing Office:

  • Office Name: First Team Real Estate
  • Office Phone: (909) 702-9205
  • Listing Agent: ROBERT ADAMS

Interior Features

Interior Information:

  • Basement: Yes
  • Interior: Bedroom on Main Level, Entrance Foyer, Primary Suite, Walk-In Pantry, Walk-In Closet(s)
  • Fireplace: Living Room

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 2
  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • Private Pool: Yes
  • View: Neighborhood, Pool

Parking Information:

  • Garage Space: 3 spaces
  • Attached Garage: No

Lot Features

Lot Information:

  • Lot: Back Yard, Corner Lot, Sprinklers In Rear, Sprinklers In Front, Landscaped
  • Lot Size: 0.21 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air, Dual

School Info

Assigned Schools Information:

  • 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: Corner of Magnolia Avenue and Chapman Place

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,333,000
  • Price Per SqFt: $444/SqFt

Tax Information:

  • Annual Amount: $2,410
  • 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

5121 Magnolia Ave vs Riverside

13 DAYS ON ROCKET

-20 Days

$1,333,000

+$701.9K More

$444/SqFt

+$75 More

KEY TAKEAWAY

This property is $701.9K more than the Median Sold Price and $75/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: #IV24075836

Listing Office:

  • Office Name: First Team Real Estate
  • Office Phone: (909) 702-9205
  • Listing Agent: ROBERT ADAMS

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: 4/30/2024, 12:55:20 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Aug 25, 2017Home Sold
$720,000
Jun 05, 2009Home Sold
$620,000

Tax History

YEARPROP. TAXASSESSMENT
2021$2,410$231,395
2020$2,410$208,001
2018$2,175$187,000
2017$1,793$180,000

History based on county public records data.

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$6,720

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Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,063

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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-3438660
6
/10

  • Magnolia Elementary School

  • 3975 Maplewood Pl

  • 0.57 miles

  • Public District Grades KG-6

Middle School

school-card-donut-3438661
3
/10

  • Central Middle School

  • 4795 Magnolia Ave

  • 0.22 miles

  • Public District Grades 5-8

High School

school-card-donut-3438662
6
/10

  • Polytechnic High School

  • 5450 Victoria Ave

  • 1.55 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 $85,381. Typical income of Riverside, CA residents is between $35k-100k annually. Most families are single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5121 Magnolia Ave

What is the listing price of this property?

The listing price of 5121 Magnolia Ave property is $1,333,000.

What type of property is this?

The property 5121 Magnolia Ave is a house located in Riverside, California, 92506.

Is this property for sale now?

Active Listing: 5121 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 5121 Magnolia Ave are:
Magnolia Elementary School: GreatSchools Rating 6/10
Central Middle School: GreatSchools Rating 3/10
Polytechnic High School: GreatSchools Rating 6/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $2,410 (source: MLS/based on county public records data).

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

The last sale was on August 25, 2017 for $720,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 5121 Magnolia Ave has 5 bedrooms and 2 full and 1 half bathrooms.

What is the square footage of this property?

The property 5121 Magnolia Ave is 3,000 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5121 Magnolia Ave is 1923.

Rocket Homes›California›Riverside County›Riverside›92506›5121 Magnolia Ave

This home is located at 5121 Magnolia Ave in Riverside, CA and zip code 92506 in the Wood Streets neighborhood. This 3,000 square foot home, which was built in 1923, sits on a 0.21 acre lot. Features: 5 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since April 17, 2024 and is currently priced at $1,333,000.

Riverside, CA housing market in March 2024 saw over 92 listings sold above listed price, more than 33 sold at listed price and over 54 sold below. The number of homes for sale 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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