Introducing a rare gem in the coveted Ramona neighborhood, available for the first time in 38 years! This 2 bed, 1 bath starter home has incredible potential and is perfect as an income-producing investment property or for first time home buyers- ready to make it their own with some cosmetic updates. Nestled on a generous 7,840 square foot lot, the property boasts a spacious front yard & an expansive backyard complete with mature shade trees, citrus fruit trees & a large covered patio.
Sold for $485,000
Tax assessed value
$485,000
7515 Magnolia Ave, Riverside, CA 92504
2beds
987sqft
Single Family Residence
Built in 1951
7,840 Square Feet Lot
$530,900 Zestimate®
$491/sqft
$2,488 Estimated rent
Home value
$530,900
$504,000 - $557,000
$2,488/mo
Zestimate® history
Owner options
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$2,488/mo
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$2,488/mo
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$3,086/mo
Est. payment
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$3,086/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Nicole Martinez DRE #02027019 619-200-8467,
Keller Williams Realty,
Maria L Gaughan DRE #02197862 858-775-4304,
Keller Williams Realty
Bought with:
Frank Martinez, DRE #01310381
eXp Realty of California Inc
Source: SDMLS,MLS#: 240013613
Originating MLS: SDMLS
Originating MLS: SDMLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Heating
- Wall/Gravity
Cooling
- Wall/Window, Electric
Appliances
- Included: Gas Oven, Gas Stove
- Laundry: Washer Hookup, Gas & Electric Dryer HU
Interior area
- Total structure area: 987
- Total interior livable area: 987 sqft
Property
Parking
- Total spaces: 5
- Parking features: Garage - Rear Entry, Garage - Single Door, Garage Door Opener
- Garage spaces: 2
Features
- Levels: 1 Story
- Patio & porch: Patio Open
- Pool features: N/K
- Fencing: Brick Wall,Wood
- Has view: Yes
- View description: Neighborhood
Lot
- Size: 7,840 Square Feet
Details
- Parcel number: 227243029
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Wood/Stucco
- Roof: Composition,Asphalt,Shingle
Condition
- Year built: 1951
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: RAMONA
Location
- Region: Riverside
Financial & listing details
- Price per square foot: $491/sqft
- Tax assessed value: $485,000
- Annual tax amount: $5,448
- Date on market: 6/14/2024
- Listing terms: Cash,Conventional,Exchange,FHA,VA
Price history
| Date | Event | Price |
|---|---|---|
| 7/21/2025 | Listing removed | $2,995$3/sqft |
Source: CRMLS #PW25145827 Report a problem | ||
| 6/30/2025 | Listed for rent | $2,995$3/sqft |
Source: CRMLS #PW25145827 Report a problem | ||
| 8/1/2024 | Sold | $485,000+7.8%$491/sqft |
Source:  SDMLS #240013613 Report a problem | ||
| 6/20/2024 | Pending sale | $449,900$456/sqft |
Source: SDMLS #240013613 Report a problem | ||
| 6/14/2024 | Listed for sale | $449,900$456/sqft |
Source: SDMLS #240013613 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,448 +285.9% | $485,000 +294.5% |
| 2024 | $1,412 +0.4% | $122,951 +2% |
| 2023 | $1,406 +1.8% | $120,541 +2% |
| 2022 | $1,381 +0.3% | $118,179 +2% |
| 2021 | $1,377 +0.7% | $115,863 +1% |
| 2020 | $1,367 +1.8% | $114,676 +2% |
| 2019 | $1,342 +1.9% | $112,428 +2% |
| 2018 | $1,317 +1.7% | $110,225 +2% |
| 2017 | $1,295 | $108,065 +2% |
| 2016 | $1,295 +8.1% | $105,947 +1.5% |
| 2015 | $1,197 +1% | $104,357 +2% |
| 2014 | $1,186 | $102,314 +0.5% |
| 2013 | -- | $101,853 +2% |
| 2012 | -- | $99,857 +2% |
| 2011 | -- | $97,900 +0.8% |
| 2010 | -- | $97,169 -0.2% |
| 2009 | -- | $97,401 +2% |
| 2008 | -- | $95,493 +2% |
| 2007 | -- | $93,621 +2% |
| 2006 | -- | $91,786 +2% |
| 2005 | -- | $89,987 +3.9% |
| 2003 | -- | $86,608 +2% |
| 2002 | -- | $84,911 +2% |
| 2001 | $886 +1.8% | $83,247 +2% |
| 2000 | $871 | $81,616 |
Find assessor info on the county website
Neighborhood: Ramona
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Nearby schools
GreatSchools rating
- 5/10Jefferson Elementary SchoolGrades: K-6Distance: 0.8 mi
- 4/10Sierra Middle SchoolGrades: 7-8Distance: 0.8 mi
- 5/10Ramona High SchoolGrades: 9-12Distance: 0.3 mi
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Estimated market value
$530,900
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Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$530,900
- California
- Riverside County
- Riverside
- 92504
- Ramona
- 7515 Magnolia Ave
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