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414 Iowa Avenue, Riverside, California 92507, Riverside, 92507 - 4 bed, 1 bath

414 Iowa Avenue, Riverside, California 92507 home-pic-0
ACTIVE$538,000
414 Iowa Avenue, Riverside, California 92507
4Beds
1Bath
1,048Sqft
6,534Lot

Price Vs. Estimate

The estimated value ($538,000) is $0 (0%) lower than the list price ($538,000). This property may be overpriced.

Key pros and cons

Top Pros:
Recent Remodel: The property has been fully remodeled within the last two years, featuring modern finishes and a fresh, inviting atmosphere, reducing immediate buyer expenses and effort.
Top Cons:
Limited Bathroom Count: The property features only one bathroom for four bedrooms, which can be a significant inconvenience for families or multiple occupants and may deter some buyers.

Compared to the nearby listings

Price:$538.0K vs avg $650.0K ($-112,000)15%
Size:1,048 sqft vs avg 1,854 sqft8%
Price/sqft:$513 vs avg $36495%

More Insights

Built in 1948 (77 years old).
Condition: Despite being built in 1948, the property has been 'fully remodeled within the last two years' as stated in the description. The images confirm this, showcasing a modern kitchen with white shaker cabinets, quartz countertops, and a stainless steel farmhouse sink. The interior features new-looking laminate flooring, updated lighting (including recessed lights), and a modern mini-split AC system, indicating a comprehensive and recent renovation that brings the home to current quality standards.
Year Built
1948
Close
-
List price
$538K
Original List price
$543K
Price/Sqft
$513
HOA
-
Days on market
-
Sold On
-
MLS number
DW25161022
Home ConditionExcellent
Features
Patio
View-

About this home

Discover this incredible four-bedroom, one-bathroom gem in Riverside, the most affordable property in the area! Recently fully remodeled within the last two years, this home features modern finishes and a fresh, inviting atmosphere. All essential appliances are included in the sale, making it perfect for move-in readiness. Don’t miss your chance to explore this fantastic opportunity—stop by and see what makes this property truly special! Check out the huge backyard, which offers an opportunity to significantly enhance your property's value by building an Accessory Dwelling Unit (ADU). Not only will this addition provide extra living space, but it can also serve as a rental option. The backyard is spacious enough to extend the property and add additional living space.

Condition Rating
Excellent
Despite being built in 1948, the property has been 'fully remodeled within the last two years' as stated in the description. The images confirm this, showcasing a modern kitchen with white shaker cabinets, quartz countertops, and a stainless steel farmhouse sink. The interior features new-looking laminate flooring, updated lighting (including recessed lights), and a modern mini-split AC system, indicating a comprehensive and recent renovation that brings the home to current quality standards.
Pros & Cons

Pros

Recent Remodel: The property has been fully remodeled within the last two years, featuring modern finishes and a fresh, inviting atmosphere, reducing immediate buyer expenses and effort.
Exceptional Affordability: Marketed as 'the most affordable property in the area,' this home presents a strong value proposition for budget-conscious buyers or first-time homeowners.
ADU Potential: The large backyard offers significant opportunity to build an Accessory Dwelling Unit (ADU), enhancing property value, providing additional living space, or generating rental income.
Move-in Ready: All essential appliances are included in the sale, making the home immediately move-in ready and saving buyers the cost and hassle of purchasing new appliances.
Bedroom Count: With 4 bedrooms, the property offers ample sleeping space, which is attractive for families or those needing home office flexibility, especially given its compact size.

Cons

Limited Bathroom Count: The property features only one bathroom for four bedrooms, which can be a significant inconvenience for families or multiple occupants and may deter some buyers.
Compact Interior Space: At 1048 square feet for four bedrooms, the interior living areas may feel compact or lack spacious common areas, potentially limiting appeal for buyers seeking larger homes.
Age of Property: Built in 1948, despite recent remodels, the underlying structure is older, which could lead to potential concerns regarding original plumbing, electrical systems, or foundation that may not have been fully updated.

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