5130 Hedrick Avenue, Riverside, California 92505, Riverside, 92505 - 3 bed, 2 bath
ACTIVE$550,000
5130 Hedrick Avenue, Riverside, California 92505
3Beds
2Baths
1,160Sqft
6,534Lot
Year Built
1950
Close
-
List price
$550K
Original List price
$590K
Price/Sqft
$474
HOA
-
Days on market
-
Sold On
-
MLS number
CV25056720
Home ConditionFair
Features
Patio
ViewNeighborhood
About this home
Possibly Over-Priced:The estimated price is 35% below the list price. We found 3 Cons,5 Pros. Rank: price - $550.0K(17th), sqft - 1160(28th), beds - 3(50th), baths - 2(50th).
This charming home is in Riverside. As you step inside you will see the inviting living room ready for you to relax This home is perfect for families looking to make new memories. Offering ample room for you and your loved ones to spread out and make unforgettable memories. The kitchen features oak kitchen cabinets with granite counter tops. Large backyard where you can use every square inch of it to entertain family and friends. Alley access with plenty of room to park your vehicles. This home is Perfect for first time home buyers. Don't miss out.
Condition Rating
Fair
Built in 1950, this home is aged but has received several functional updates. The kitchen features granite countertops and stainless steel appliances, which are good, but the oak cabinets appear dated. Bathrooms have updated shower tiling and newer, basic vanities. Modern LVP flooring and recessed lighting are present in main living areas. While these are positive updates, the property has not undergone a full, recent renovation, and major systems (HVAC, electrical, plumbing) for a 74-year-old home may show signs of being outdated or nearing the end of their lifespan, aligning with the 'fair' condition criteria.
Pros & Cons
Pros
Charming & Inviting Atmosphere: The property is described as a 'charming home' with an 'inviting living room,' creating a welcoming and comfortable living environment.
Updated Kitchen Features: The kitchen boasts 'oak kitchen cabinets with granite counter tops,' providing a modern and functional space for cooking.
Spacious Backyard for Entertaining: A 'large backyard' offers ample room for outdoor activities and 'entertaining family and friends'.
Practical Alley Access & Parking: The property benefits from 'Alley access with plenty of room to park your vehicles,' enhancing convenience and utility.
First-Time Homebuyer Appeal: Explicitly marketed as 'Perfect for first time home buyers,' suggesting an accessible entry point into homeownership.
Cons
Significant Overpricing: The current list price of $550,000 is substantially higher (35% above) the estimated property value of $352,450, indicating potential market resistance and a need for price adjustment.
Older Construction: Built in 1950, the home is 75 years old, which may imply potential for outdated systems, higher maintenance costs, or a need for further modernization beyond the kitchen.
Limited Comprehensive Modernization: While the kitchen has granite, the description lacks mention of other significant recent updates (e.g., bathrooms, HVAC, windows, flooring throughout), which could be a drawback compared to more fully remodeled comparable properties.