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$1,333,000   Price Analysis
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5121 Magnolia Ave
Riverside, CA 92506
5 bed 3 bath 3,000 SqFt ($444/SqFt)
9,148SqFt lot. Built 1923
Listed 2024-04-17, Taxes $3,121
Ⓧ USDA Ineligible
due to price & location

near Riverside

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 originl 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 roomy 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 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.


Presented by Robert L. Adams at
First Team Real Estate - Oc.
Listing Agent Photo

Property MLS #IV24075836 from CRMLS

Bedrooms: 5
Bedrooms On Main Level: 1

Total Bathrooms: 3
Full Bathrooms: 2
1/2 Bathrooms: 1
Bathrooms On Main Level: 1

Basement, Bonus Room, Family Room, Foyer, Kitchen, Laundry, Living Room, Main Floor Bedroom, Primary Suite, Retreat, Walk-In Closet, Walk-In Pantry

Laundry Features: Individual Room, Inside, Laundry Chute

Cooling Features: Central Air, Dual
Fireplace Features: Fireplace: Yes
Heating Features: Central
Heating: Yes

Pool Features: Private, In Ground
Pool Private: Yes

Lot Description: 0-1 Unit/Acre, Back Yard, Corner Lot, Landscaped, Sprinklers In Front, Sprinklers In Rear, Yard
Lot Size Acres: 0.2100092
Lot Size Source: Assessor
Lot Size Square Feet: 9148

Garage Spaces: 3
Garage Description: Detached
Parking Total: 3

View: Neighborhood, Pool

School District: Riverside Unified

Central Middle School is a public middle school located approximately 0.2 miles away.
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Magnolia Elementary School is a public elementary school located approximately 0.5 miles away.
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Polytechnic High School is a public high school located approximately 1.6 miles away.
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All Saints' Carden Academy is a private elementary and middle school located approximately 0.3 miles away.
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Calculated Total Monthly Association Fees: 0

Community Features: Sidewalks, Street Lights, Suburban

Source Listing Status: Active
County: Riverside
Directions: Corner of Magnolia Avenue and Chapman Place
Source Property Type: Residential
Area: 252 - Riverside
Source Neighborhood: 252 - Riverside
Parcel Number: 217242017
Postal Code Plus 4: 1247
Zoning: R1065
Property Subtype: Single Family Residence
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$214,668 + $60,000
$274,668
$3,121
2021$171,395 + $60,000
$231,395
$2,665
2020$153,001 + $55,000
$208,001
$2,410
2019$144,919 + $55,000
$199,919
$2,321
2018$137,000 + $50,000
$187,000
$2,175
2017$130,000 + $50,000
$180,000
$2,022
2016$117,000 + $50,000
$167,000
$1,792
2015$121,592 + $40,531
$162,123
$1,740
2014$119,416 + $39,805
$159,221
$1,725
2013$109,624 + $36,542
$146,166
$1,582
2012$96,976 + $32,325
$129,301
$1,388
2010$105,414 + $35,138
$140,552
$3,969
2009$223,809 + $70,024
$293,833
$3,152
2009$243,539 + $116,390
$359,929
$3,152
2008$219,421 + $68,651
$288,072
$3,061
2007$215,119 + $67,305
$282,424
$2,981

Listed 2024-04-17
$1,333,000
CRMLS
Sold 2024-01-16
$1,050,000
CRMLS
Listed 2023-12-08
$1,099,900
CRMLS
Sold 2017-08-25
$720,000
CRMLS
Price Changed 2017-07-05
$724,900
CRMLS
Listed 2017-06-01
$745,000
CRMLS
Sold 2009-06-05
$620,000
Public Record
Listing removed 2009-05-02
$625,000
CRMLS
Listing removed 2009-02-22
$695,000
CRMLS
Listed 2008-09-04
$749,900
CRMLS

Total Square Feet Living: 3000
Year Built: 1923
Common Walls: No Common Walls
Entry Level: 1
Entry Location: Front/ Main Street
Living Area Source: Estimated
Property Age: 101
Levels or Stories: Two
Building Total Stories: 2
Structure Type: House
Year Built Source: Assessor

Sewer: Public Sewer
Water Source: Public
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.