4496 Lyon Avenue, Riverside, California 92505, Riverside, 92505 - 3 bed, 2 bath
ACTIVE$598,000
4496 Lyon Avenue, Riverside, California 92505
3Beds
2Baths
1,496Sqft
8,712Lot
Year Built
1978
Close
-
List price
$598K
Original List price
$598K
Price/Sqft
$400
HOA
-
Days on market
-
Sold On
-
MLS number
CV25113853
Home ConditionFair
Features
Patio
ViewNeighborhood
About this home
Possibly Over-Priced:The estimated price is 51% below the list price. We found 3 Cons,6 Pros. Rank: price - $598.0K(28th), sqft - 1496(50th), beds - 3(50th), baths - 2(50th).
Lovely Riverside Home in a Nice neighborhood With A LOT POTENTIAL ! this Home sitting on a 8,712 sq ft lot with two Car Garage .. Home feature three bedrooms with bonus room and two baths This spacious home boasts ample living space with a cozy fireplace.. Good size backyard with patio cover..Great home for entertaining and relaxing.. This home is close to Shopping center, Tyler Mall, Hospital, and 91, 15 Freeway. Don't miss the opportunity to own this Home..
Nearby schools
4/10
Collett Elementary School
Public,•PK-5•0.5mi
5/10
S. Christa Mcauliffe Elementary School
Public,•K-5•0.5mi
3/10
Phillip M. Stokoe Elementary School
Public,•PK-5•0.9mi
4/10
Myra Linn Elementary School
Public,•K-5•1.0mi
3/10
Valley View Elementary School
Public,•K-5•1.3mi
4/10
Twinhill Elementary School
Public,•K-5•1.4mi
2/10
La Granada Elementary School
Public,•PK-5•1.5mi
7/10
Promenade Elementary School
Public,•PK-5•2.0mi
4/10
Liberty Elementary School
Public,•PK-6•2.2mi
3/10
Wells Middle School
Public,•6-8•1.7mi
6/10
Arizona Middle School
Public,•6-8•1.9mi
5/10
Ysmael Villegas Middle School
Public,•6-8•2.3mi
4/10
Loma Vista Middle School
Public,•6-8•2.3mi
3/10
Chemawa Middle School
Public,•7-8•3.1mi
4/10
La Sierra High School
Public,•9-12•0.3mi
6/10
Hillcrest High School
Public,•9-12•1.5mi
4/10
Norte Vista High School
Public,•9-12•2.7mi
5/10
Arlington High School
Public,•9-12•3.3mi
Condition Rating
Fair
The property was built in 1978, making it 46 years old. While some areas like the kitchen and bathrooms appear to have been renovated, the style of these updates (e.g., busy granite countertops, dark cabinets, black toilet, and pebble-stone shower/ceiling in the bathroom) is significantly dated, likely reflecting renovations from 15-30 years ago rather than recent modern updates. The main living areas feature older-style tiled flooring, and the overall aesthetic suggests the home requires minor to moderate cosmetic updates to meet current market expectations. The listing description itself highlights 'A LOT POTENTIAL!', reinforcing the need for modernization rather than being move-in ready with contemporary finishes.
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 = 1496.
Significant Potential: The property is explicitly marketed with 'A LOT POTENTIAL!', suggesting ample opportunities for customization, renovation, or value addition.
Generous Lot Size: Features an 8,712 sq ft lot with a patio cover, providing ample outdoor space for recreation and entertaining.
Flexible Living Space: Includes three bedrooms plus a versatile bonus room, offering adaptability for various family needs or home office use.
Prime Accessibility: Strategically located near major shopping centers (Tyler Mall), a hospital, and key freeways (91, 15), ensuring convenient access to amenities and commuting.
Desirable Neighborhood: Situated in a 'Nice neighborhood,' enhancing its appeal and quality of life.
Cons
Substantial Valuation Discrepancy: The current listing price of $598,000 is significantly higher than the estimated property value of $287,522.78 (estimation ratio -51), indicating potential overpricing relative to market data.
Requires Modernization: The property's 1978 build year and emphasis on 'potential' without mention of recent upgrades suggest it likely requires significant investment for modernization and cosmetic updates to meet current market expectations.
Aging Infrastructure: As a 46-year-old home, critical systems such as HVAC, plumbing, and electrical may be original or nearing the end of their functional life, potentially leading to future repair or replacement costs.