3088 Panorama Road D, Riverside, California 92506, Riverside, - bed, bath

home-pic
ACTIVE$309,000
3088 Panorama Road D, Riverside, California 92506
1Bed
1Bath
654Sqft
436Lot
Year Built
1963
Close
-
List price
$309K
Original List price
$318K
Price/Sqft
-
HOA
$449
Days on market
-
Sold On
-
MLS number
IV25030530
Home ConditionGood
Features
Good View: Hills
Patio
ViewHills

About this home

PRICE REDUCED! Adorable Single Story 1 Bedroom, 1 bath Condo in a great location, Close to Magnolia Center and Riverside J C. This Well Maintained Condo has a Spacious Living Room with Open Floorplan and Kitchen/Dining Area. Enter the home into a Private Fenced in Patio area with Special Lighting. This Home has gone through a Major Renovation which includes New Kitchen and Appliances, New Ceiling with Recessed Canned Lighting, New Bathroom, New Carpet and Laminate Flooring, New Front and Inside Doors, and New Patio Sliding Door with a Beautiful Large Dual Paned Window. The Home is Perfect for First Time Home Owners, Retirees or Anyone looking for an Affordable Turn Key Home. It's also a Great Investment Property. Long Term and Short Term Rentals OK with HOA. Perfect for Student or Investor. Walking Distance to RCC.

Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (17 Listings)
Beds12
11%
Baths12
17%
Square foot6541,200
6%
Lot Size4361,460
6%
Price$309K$463K
22%
Price per square foot$472$338
89%
Built year19639860987
44%
HOA$449$431
67%
Days on market268173
89%
Condition Rating
Good

The listing states that the property has undergone a major renovation including a new kitchen, appliances, bathroom, flooring, doors, and lighting. While the property was built in 1963, the recent renovation suggests that the condition is good and move-in ready. The images support the claim of recent updates, showing a modern kitchen and bathroom.
Pros & Cons

Pros

Recent Renovation: The condo has undergone a major renovation, including a new kitchen, appliances, bathroom, flooring, doors, and lighting, making it move-in ready.
Investment Potential: The HOA allows both long-term and short-term rentals, making it an attractive option for investors, especially students due to its proximity to RCC.
Affordable Price Point: The property is marketed as an affordable, turn-key home, appealing to first-time homebuyers or retirees.
Private Patio: The condo features a private, fenced-in patio area with special lighting, enhancing outdoor living space.
Location: The property is in a great location, close to Magnolia Center and Riverside J C, offering convenient access to amenities and education.

Cons

Small Size: At 654 sqft with 1 bedroom and 1 bathroom, the condo may be too small for some buyers, particularly those needing more space.
HOA Fees: The monthly HOA fee of $449 is relatively high and could deter some buyers.
Single Story Unit: Single story unit might not be desirable for some buyers who prefer multi-story units.

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