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3924 Wayne Court, Riverside, California 92504, Riverside, 92504 - 2 bed, 1 bath

3924 Wayne Court, Riverside, California 92504 home-pic-0
ACTIVE$559,000
3924 Wayne Court, Riverside, California 92504
2Beds
1Bath
1,085Sqft
8,712Lot

Price Vs. Estimate

The estimated value ($569,851.15) is $10,851.15 (1%) lower than the list price ($559,000). This property may be overpriced.

Key pros and cons

Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8712, living area = 1085.
Top Cons:
Older Construction: Built in 1950, the property's age suggests potential for outdated systems (e.g., plumbing, electrical, HVAC) that may require future upgrades or significant maintenance.

Compared to the nearby listings

Price:$559.0K vs avg $628.5K ($-69,500)20%
Size:1,085 sqft vs avg 1,586.5 sqft11%
Price/sqft:$515 vs avg $41289%

More Insights

Built in 1950 (75 years old).
Condition: Built in 1950, this property is well-maintained and clean, but the kitchen and bathroom are significantly outdated. The kitchen features painted older cabinets, dated vinyl flooring, and an older faucet, despite having a newer stainless steel refrigerator and a more recent backsplash. The bathroom is particularly dated with its bright turquoise tile and older fixtures, suggesting renovations from several decades ago. While functional, these key areas would require substantial cosmetic updates to meet current quality standards and buyer expectations.
Year Built
1950
Close
-
List price
$559K
Original List price
$559K
Price/Sqft
$515
HOA
-
Days on market
-
Sold On
-
MLS number
IV25246365
Home ConditionFair
Features
Patio
View-

About this home

Beautifully maintained two-bedroom, one bath home situated in a highly desirable Riverside neighborhood near Cal Baptist University. Immaculately kept inside and out, this property offers both comfort and opportunity. The home sits on a spacious lot with a detached oversized two-car garage, providing ample parking, storage or potential for expansion. With its generous layout and positioning on the property, the garage presents an excellent opportunity for a future ADU conversion, creating the possibility or rental income or multigenerational living. Enjoy the convenience of being close to shopping, restaurants, parks and city services--all while residing in a quiet established area. Whether you're a first- time buyer, investor, or someone seeking a low maintenance home with room to grow, this property offers endless potential.

Condition Rating
Fair
Built in 1950, this property is well-maintained and clean, but the kitchen and bathroom are significantly outdated. The kitchen features painted older cabinets, dated vinyl flooring, and an older faucet, despite having a newer stainless steel refrigerator and a more recent backsplash. The bathroom is particularly dated with its bright turquoise tile and older fixtures, suggesting renovations from several decades ago. While functional, these key areas would require substantial cosmetic updates to meet current quality standards and buyer expectations.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8712, living area = 1085.
Prime Location: Situated in a highly desirable Riverside neighborhood near Cal Baptist University, offering convenience to shopping, restaurants, parks, and city services in a quiet, established area.
ADU Conversion Potential: The detached oversized two-car garage on a spacious lot presents an excellent opportunity for an Accessory Dwelling Unit (ADU) conversion, providing potential for rental income or multi-generational living.
Well-Maintained Condition: Described as 'beautifully maintained' and 'immaculately kept inside and out,' indicating a property that is likely move-in ready and requires minimal immediate upkeep.
Spacious Lot Size: The generous 8,712 sqft lot offers ample outdoor space, privacy, and room for potential expansion or landscaping beyond the existing structures.
Versatile Buyer Appeal & Value: Ideal for first-time buyers, investors, or those seeking a low-maintenance home with room to grow, further enhanced by being listed below its estimated market value.

Cons

Older Construction: Built in 1950, the property's age suggests potential for outdated systems (e.g., plumbing, electrical, HVAC) that may require future upgrades or significant maintenance.
Limited Bedrooms and Bathrooms: With only 2 bedrooms and 1 bathroom, the property may not adequately meet the needs or preferences of larger families or those desiring more living space and convenience.
Smaller Interior Square Footage: The 1,085 sqft living space is relatively compact, which could be a limiting factor for buyers seeking more expansive indoor living areas.

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