5069 Challen Avenue, Riverside, California 92503, Riverside, 92503 - 4 bed, 2 bath
ACTIVE$600,000
5069 Challen Avenue, Riverside, California 92503
4Beds
2Baths
1,234Sqft
8,276Lot
Price Vs. Estimate
The estimated value ($319,773.715) is $280,226.285 (46%) lower than the list price ($600,000). 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 = 8276, living area = 1234.
Top Cons:
Dated Condition (Implied): Built in 1959 with no mention of significant updates or renovations in the description, the property likely requires substantial investment for modernization to meet current buyer expectations.
Compared to the nearby listings
Price:$600.0K vs avg $665.0K ($-65,000)26%
Size:1,234 sqft vs avg 1,687 sqft24%
Price/sqft:$486 vs avg $38579%
More Insights
Built in 1959 (66 years old).
Condition: Built in 1959, this property shows significant signs of age and a lack of recent updates. The kitchen features very dated tiled countertops, worn dark cabinets, and an old, stained white gas range, indicating a need for a complete renovation. The bathroom also appears very outdated with older fixtures, tiled walls, and a basic vanity. Flooring throughout is a mix of older tile and worn carpet, and popcorn ceilings are visible. The overall condition suggests substantial rehabilitation is required to meet modern living standards, aligning with the 'poor' category.
Year Built
1959
Close
-
List price
$600K
Original List price
$620K
Price/Sqft
$486
HOA
-
Days on market
-
Sold On
-
MLS number
IV25041340
Home ConditionPoor
Features
Patio
ViewNeighborhood
About this home
Location! Location!Welcome to your future dream home in Riverside, This single -story 4 bedroom,-2 bathrooms. This lovely home is centrally located within walking distance of schools and shops and more. Close to FWY No HOA, Close to Park, Do not Hesitage Bring your buyers
Condition Rating
Poor
Built in 1959, this property shows significant signs of age and a lack of recent updates. The kitchen features very dated tiled countertops, worn dark cabinets, and an old, stained white gas range, indicating a need for a complete renovation. The bathroom also appears very outdated with older fixtures, tiled walls, and a basic vanity. Flooring throughout is a mix of older tile and worn carpet, and popcorn ceilings are visible. The overall condition suggests substantial rehabilitation is required to meet modern living standards, aligning with the 'poor' category.
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 = 8276, living area = 1234.
Prime Central Location: The property is centrally located within walking distance of schools, shops, and other amenities, enhancing its desirability and convenience.
Excellent Commuter Access: Its proximity to the freeway offers convenient access for commuters, a significant advantage for residents.
No Homeowners Association (HOA): The absence of an HOA means no additional monthly fees or restrictive community rules, appealing to many buyers.
Single-Story Design: The single-story layout offers broad appeal, providing accessibility and ease of living for various demographics.
Generous Lot Size: With an 8,276 sqft lot, there is ample outdoor space for landscaping, recreation, or potential future expansion.
Cons
Dated Condition (Implied): Built in 1959 with no mention of significant updates or renovations in the description, the property likely requires substantial investment for modernization to meet current buyer expectations.
Uncompetitive Pricing (Relative to Market): The current list price of $600,000 appears high when compared to recently sold, fully renovated properties or those offering additional amenities (like pools or income units) in the immediate vicinity for similar or slightly higher prices.
Lack of Detailed Property Information: The sparse description provides minimal information about the interior condition, specific upgrades, or amenities, making it challenging for potential buyers to assess its true value and features without a physical viewing.