5121 Sierra Street, Riverside, California 92504, Riverside, 92504 - 3 bed, 2 bath

5121 Sierra Street, Riverside, California 92504 home-pic-0
ACTIVE$850,000
5121 Sierra Street, Riverside, California 92504
3Beds
2Baths
1,495Sqft
11,761Lot
Year Built
1959
Close
-
List price
$850K
Original List price
$850K
Price/Sqft
$569
HOA
-
Days on market
-
Sold On
-
MLS number
IG25256258
Home ConditionGood
Features
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 14% below the list price. We found 3 Cons,6 Pros. Rank: price - $850.0K(74th), sqft - 1495(45th), beds - 3(50th), baths - 2(50th).

Recently renovated, front and back new cement flooring, ADU plans and permits for Garage conversion, new kitchen cabinets and floor covering must see.

Nearby schools

4/10
Mountain View Elementary School
Public,PK-60.7mi
6/10
Pachappa Elementary School
Public,PK-61.6mi
4/10
Washington Elementary School
Public,K-62.1mi
5/10
Alcott Elementary School
Public,K-62.9mi
4/10
Sierra Middle School
Public,7-80.3mi
3/10
Chemawa Middle School
Public,7-82.0mi
4/10
Matthew Gage Middle School
Public,7-82.2mi
2/10
Central Middle School
Public,7-82.3mi
5/10
Ramona High School
Public,9-120.8mi
7/10
Polytechnic High School
Public,9-122.6mi
5/10
Arlington High School
Public,9-122.7mi

Price History

Date
Event
Price
11/07/25
Listing
$850,000
08/12/24
Sold
$675,000
03/20/24
Sold
$557,500
02/28/24
Sold
$486,500
Condition Rating
Good

The property, built in 1959, has undergone significant recent renovations as stated in the description and evidenced by the images. The kitchen features modern gray shaker cabinets, new countertops, subway tile backsplash, and wood-look laminate flooring. Both bathrooms are updated with contemporary finishes, including large format marble-look tiles, new vanities/pedestal sinks, and modern fixtures. New flooring is present throughout the visible interior spaces, and the exterior boasts new cement flooring. While the visible components are in excellent, move-in ready condition, the property's original build year suggests that some major underlying systems (e.g., plumbing, electrical, HVAC) may not have been fully replaced, preventing an 'Excellent' rating. However, the extensive and modern updates make it a solid 'Good' condition property.
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 = 11761, living area = 1495.
ADU Potential: Approved plans and permits for an Accessory Dwelling Unit (ADU) garage conversion offer significant value, potential rental income, or flexible living arrangements.
Recent Renovations: The property has undergone recent renovations, including new kitchen cabinets and floor covering, reducing immediate update costs for a buyer.
Exterior Upgrades: New cement flooring in the front and back indicates recent exterior improvements, enhancing curb appeal and durability.
Generous Lot Size: A substantial 11,761 sqft lot provides ample outdoor space for various uses, including landscaping, recreation, or potential future expansion.
Proximity to Schools: Excellent proximity to highly-rated schools like Sierra Middle School (0.315 miles) and Ramona High School (0.776 miles) is attractive for families.

Cons

Overpriced Listing: The current list price of $850,000 is significantly higher (13% above) the estimated property value of $735,365, potentially leading to buyer resistance or appraisal issues.
Older Home Systems: Built in 1959, the property may still have original or aging major systems (e.g., plumbing, electrical, HVAC) not explicitly mentioned as updated, potentially requiring future investment.
Significant Price Discrepancy: The current asking price represents a substantial increase over recent sales history (e.g., $675,000 in August 2024), which could raise questions about market value and justification for the higher price.

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