10362 Wagner Way, Riverside, California 92505, Riverside, 92505 - 3 bed, 2 bath
ACTIVE$500,000
10362 Wagner Way, Riverside, California 92505
3Beds
2Baths
1,010Sqft
6,970Lot
Year Built
1959
Close
-
List price
$500K
Original List price
$500K
Price/Sqft
$495
HOA
-
Days on market
-
Sold On
-
MLS number
IG25042146
Home ConditionPoor
Features
View-
About this home
Possibly Over-Priced:The estimated price is 41% below the list price. We found 3 Cons,5 Pros. Rank: price - $500.0K(9th), sqft - 1010(9th), beds - 3(50th), baths - 2(50th).
Calling all investor. Don’t show up without appointment No showing till Monday 3/3/25
Nearby schools
4/10
Myra Linn Elementary School
Public,•K-5•0.4mi
4/10
Collett Elementary School
Public,•PK-5•0.7mi
4/10
Liberty Elementary School
Public,•PK-6•1.0mi
5/10
S. Christa Mcauliffe Elementary School
Public,•K-5•1.3mi
2/10
La Granada Elementary School
Public,•PK-5•1.4mi
4/10
Twinhill Elementary School
Public,•K-5•2.0mi
3/10
Phillip M. Stokoe Elementary School
Public,•PK-5•2.1mi
3/10
Valley View Elementary School
Public,•K-5•2.4mi
7/10
Promenade Elementary School
Public,•PK-5•3.1mi
3/10
Wells Middle School
Public,•6-8•1.2mi
6/10
Arizona Middle School
Public,•6-8•1.7mi
3/10
Chemawa Middle School
Public,•7-8•2.0mi
4/10
Loma Vista Middle School
Public,•6-8•2.8mi
5/10
Ysmael Villegas Middle School
Public,•6-8•3.2mi
4/10
La Sierra High School
Public,•9-12•1.0mi
6/10
Hillcrest High School
Public,•9-12•2.0mi
5/10
Arlington High School
Public,•9-12•2.1mi
4/10
Norte Vista High School
Public,•9-12•2.4mi
Condition Rating
Poor
Built in 1959, this property is 66 years old and explicitly marketed as an 'investor' opportunity, strongly indicating a need for substantial rehabilitation. The single provided image of the exterior shows significant deferred maintenance, including worn paint, dated windows, and an old security door. The 'No showing till 3/3/25' further suggests the property is not in a presentable or move-in ready state. Given the age and lack of renovation details, it's highly probable that the kitchen, bathrooms, and major systems (electrical, plumbing, HVAC) are original or very outdated, requiring extensive repairs and modernization to meet current standards. The listing price being significantly higher than the estimated value also points to its value being in the land and renovation potential, rather than its current condition.
Pros & Cons
Pros
Investor Opportunity: The property is explicitly marketed as an 'investor' opportunity, suggesting potential for value creation through renovation and subsequent resale or rental.
Functional Layout: The 3-bedroom, 2-bathroom configuration is a highly desirable and practical layout, appealing to a broad range of potential buyers or renters.
Generous Lot Size: With a lot size of 6,970 sqft, there is ample outdoor space, offering potential for landscaping, expansion, or adding amenities.
Established Location: Built in 1959, the property is situated in an established area of Riverside, often implying mature infrastructure, stable communities, and convenient access to local amenities.
Good School District: The property is located within the Riverside Unified High School District, which can be an attractive factor for families.
Cons
Significant Overpricing & Implied Condition: The list price of $500,000 is substantially higher than the estimated value of $293,392.80, and the 'calling all investor' note strongly suggests the property requires significant renovation, making it potentially overpriced in its current state.
Restricted Showing Availability: The instruction 'No showing till Monday 3/3/25' creates a significant barrier to immediate buyer interest and physical assessment, potentially prolonging the market time.
Age and Potential for Extensive Renovation: Built in 1959, the property is 66 years old, indicating a high likelihood of needing substantial updates to major systems (e.g., plumbing, electrical, HVAC) and cosmetic renovations to meet modern standards, representing a considerable investment for the buyer.