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Market Conditions in 92507 : Real Estate Advice

  • All18
  • Local Info0
  • Home Buying5
  • Home Selling1
  • Market Conditions7

Activity 17
Tue Oct 23, 2012
Ysolette Nicoson answered:
Heather, The ultimate monthly payment would depend on the amount of money you put down and the amount of money you want to finance. In addition, it would be a rough estimate without knowing what your interest rate would be, as that can also affect the payment as will the number of years you get a loan for - either a 15 year of 30 year loan. If you would like to contact me - I can get you more specific answers that will be personal to you and not publicized on the internet. Feel free to reach me at 951-255-3110. Thank you! ... more
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Tue Aug 14, 2012
Craig Chastain answered:

The space rent for this unit is $750/mo.

If you have any other questions please feel free to give me a call.

Craig Chastain
Next Level Realty
... more
0 votes 1 answer Share Flag
Wed Apr 18, 2012
William Halatsis answered:
See rule one: Location, Location, Location.... it is all very area specific but the trend is that the market is very lean and rents and values are going up due to very few properties available, many multiple offers, that are not short sales. That being said appraisals and qualifying are stricter. If you are looking in Riverside County it is also influenced by the cost to commute to LA/OC due to gas prices. ... more
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Fri Apr 29, 2016
Walter 'Skip' Kersten answered:
Hi Witty,
Yes you can appeal your assessed value with the county. Have a local realtor supply you with recent sales that will support the lower value.
Good luck,
0 votes 16 answers Share Flag
Thu Feb 3, 2011
Anna M Brocco answered:
Fri Aug 2, 2013
John Shackelford answered:
The UCR area is an area that has seen much improvement over the last few years. University Village just west of the campus and 60 freeway has a large movie theatre, many places to eat including (Fatburger, Rubios, Dennys, among others). There is a bookstore, coffee shop, a great area for a student to go off campus to get something to eat, find entertainment, meet others, just a good place to take a break and relax. I lived two streets over from Massachuttes from 1983-1999. It is an area of single family homes mixed with apartments and condos. There is a Stater Bros food store close to the area along with a K-Mart.

Give me a call and I can tell you more about the area;
John Shackelford
Prudential California Realty
... more
0 votes 5 answers Share Flag
Thu Nov 5, 2009
Mark Dowding answered:
Hi C.h.,

Mission Grove is a community name that is just down the street from the area known as Canyon Crest. The two names are often used interchangeably, but they denote two separate areas of Riverside.

As for home prices, well in this area I would say they are generally going up. Listing inventory is down and there are a lot of first-time home buyers, as well as investors in the market. If you list your home at the right price (3-5% below market value), you will be surprised at the number of offers you will get. Depending on the location and condition of the home, there is a very good chance that it will sell over list price.
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0 votes 4 answers Share Flag
Wed Oct 28, 2009
Tristan Celayeta answered:

Here's a link to an explanation of short sales, foreclosures... the whole ball of wax.
0 votes 5 answers Share Flag
Tue Aug 25, 2009
Jesse Sierra answered:
Hi Carlenej
Call the Riverside County Assessor.

They will help you out,

Jes Sierra, B.Sc.
0 votes 3 answers Share Flag
Tue Mar 17, 2009
Keith Sorem answered:
You are still going to have to qualify for whatever mortgage you have. If you have no job and no income that is going to be tough.

I do have a referral to a firm that does facilitate short-re-fi's. ... more
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Wed Feb 3, 2010
Linda Slocum, CRS, CDPE | Santa Clarita Realtor answered:
The base rate for CA property tax is 1%, but each area may be different due to additional assessments for that area. Typically the property tax will be in the 1.1% to 1.25% range, but could be higher if there are Mello Roos assessments as well.

Your home's tax bill would be based on your purchase price plus any automatic increases that the assessor's office has added. You can dispute this by filing an appeal with your county assessor's office. The process is pretty much the same for each county throughout CA.

Here are the basics on filing an appeal:

Good luck!
... more
0 votes 5 answers Share Flag
Sat Jul 10, 2010
Javier L. Castillo answered:
I don't know of a website that provides this info but I receive a weekly report from title company.

I can provide for the month of Dec. 08 if you would like.

Email me a with your request.


... more
0 votes 3 answers Share Flag
Sat Jul 10, 2010
Betina Foreman answered:
Not necessarily. In TX sale price may not be disclosed. Every state is different.
0 votes 2 answers Share Flag
Sun Dec 2, 2012
Sean Giorgianni answered:
Instead of zip code comps, consider using comps that are limited to Canyon Crest. Even better, use Canyon Crest homes that are similar in age and size. Zip codes are a meaningless for tcomps because houses vary wildly in size, age, and neighborhoods within a zip code.

But you asked about the 92504 zip code ... so here goes.

There were 115 sales in the last 90 days in the 92504 zip code. These 115 listed at an average of $271,426 and sold for an average of $266,829. The average size was 1,593 feet. That means ana verage of about $168/sq. ft.

If you need more details, or want me to run the comps for Canyon Crest or your specific house, feel free to contact me directly at 951-571-9229 or
... more
0 votes 8 answers Share Flag
Wed Jun 1, 2011
Kevin answered:
Jon, I can not predict the future! By the looks of it, our economy will worsen! Thus, removing probable home buyers off the market. Which in return will continue to drop the value of homes. Making it a perfect buyers market for those with capital! Look around for Bank-Repos, decide on a few homes, hit the bank, make them offers -even lowballing!, then wait to see if you receive any responses! My parents own 3 houses -2 of which are payed for, they are looking at Bank Repos as I type this.

Good Luck! Jon!
... more
0 votes 9 answers Share Flag
Thu May 1, 2008
Melanie Narducci answered:
You can use Trulia as an approximation, but your Realtor should be able to run off all the activity. Good luck!
0 votes 2 answers Share Flag
Thu Nov 8, 2007
Christopher Walker answered:
Rental availability is low and rental prices are on the rise. Rents in the area are lower than some surrounding areas mainly because of the number of students and the rents that they can afford. Many properties marketed as rentals and rehabbed to meet the needs of students are priced too high to be feasible for the average investor. Looking "outside the box" when it comes to a potential rental can produce very good returns. Look to smaller homes with 4 bedrooms in need of a little cosmetic work. Stay away from anything that is already investor owned and those properties in need of anything other than cosmetic repairs and homes older than the mid to late 60's. A professional inspection and a competent agent that knows about real estate investing are a must. Caveat emptor! ... more
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