5332 Walter Street, Riverside, California 92504, Riverside, - bed, bath
ACTIVE$575,000
5332 Walter Street, Riverside, California 92504
3Beds
2Baths
1,136Sqft
6,970Lot
Year Built
1955
Close
-
List price
$575K
Original List price
$600K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
CV25148573
Home ConditionFair
Features
View-
About this home
Welcome to 5332 Walter Street, a charming single-story home nestled on a quiet residential street. This well-maintained property features 3 bedrooms and 1 bathroom. The spacious front yard, extended driveway, and mature shade tree add to the home’s curb appeal. Conveniently located near schools, shopping, and major freeways, this home offers both comfort and accessibility. Garage has been converted to an unpermitted ADU Buyer to take over existing tenants in place.
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (192 Listings) | |
|---|---|---|---|
| Beds | 3 | 3 | 50% |
| Baths | 2 | 2 | 50% |
| Square foot | 1,136 | 1,600 | 16% |
| Lot Size | 6,970 | 9,148 | 21% |
| Price | $575K | $630K | 26% |
| Price per square foot | $506 | $412 | 83% |
| Built year | 1955 | 1959 | 39% |
| HOA | |||
| Days on market | 126 | 154 | 37% |
Condition Rating
Fair
The property was built in 1955. While the exterior appears maintained, the age suggests that the kitchen and bathroom likely require updates. The description mentions 'well-maintained,' but this could mean regular upkeep rather than recent renovations. The unpermitted ADU conversion also raises concerns about potential code violations and the overall condition of that space.
Pros & Cons
Pros
Location: Conveniently located near schools, shopping, and major freeways, offering accessibility and convenience.
Curb Appeal: Spacious front yard, extended driveway, and mature shade tree enhance the property's curb appeal.
Lot Size: The lot size of 6,970 sqft provides ample outdoor space.
Price Improvement: Recent price reduction from original list price of $600,000 to $575,000 may attract buyers.
Single-Story Layout: The single-story layout offers ease of access and is suitable for a wide range of buyers.
Cons
Unpermitted ADU: Garage conversion to an unpermitted ADU raises potential legal and safety concerns.
Tenant Occupied: Buyer to take over existing tenants, which may limit immediate occupancy options and require tenant management.
Limited Bathrooms: Only one bathroom for a 3-bedroom house may be a drawback for some buyers.