5392 Walter Street, Riverside, California 92504, Riverside, 92504 - 3 bed, 2 bath
ACTIVE UNDER CONTRACT$584,900
5392 Walter Street, Riverside, California 92504
3Beds
2Baths
1,141Sqft
6,534Lot
Price Vs. Estimate
The estimated value ($345,255.185) is $239,644.815 (40%) lower than the list price ($584,900). This property may be overpriced.
Key pros and cons
Top Pros:
Extensive Renovation: This home has been completely renovated with brand-new luxury vinyl plank flooring, a new kitchen featuring quartz countertops and stainless steel appliances, and modern upgrades throughout, making it move-in ready.
Top Cons:
Significant Overpricing: The current listing price of $584,900 is substantially higher than the estimated property value of $345,255, indicating a potential overvaluation of 40% which may deter potential buyers or require price adjustments.
Compared to the nearby listings
Price:$584.9K vs avg $628.5K ($-43,600)29%
Size:1,141 sqft vs avg 1,586.5 sqft17%
Price/sqft:$513 vs avg $41287%
More Insights
Built in 1955 (70 years old).
Condition: Despite being built in 1955, this property has undergone a complete and extensive renovation, aligning with the 'excellent' criteria for properties extensively renovated within 5 years. The listing explicitly states 'completely renovated' with 'brand-new luxury vinyl plank flooring throughout,' a 'brand-new kitchen with quartz countertops and stainless steel appliances,' and 'beautifully updated bathrooms.' The images confirm these modern upgrades, showcasing new white shaker cabinets, contemporary black fixtures, stylish tiling in the bathrooms, and modern lighting/ceiling fans. All components appear new or virtually new, meeting current quality standards with no visible deferred maintenance.
Year Built
1955
Close
-
List price
$585K
Original List price
$615K
Price/Sqft
$513
HOA
-
Days on market
-
Sold On
-
MLS number
IV25055429
Home ConditionExcellent
Features
Patio
ViewNeighborhood
About this home
All financing accepted—FHA, VA, Conventional, or Cash. No solar, no HOA, and a low tax rate of 1.105%. This completely renovated Riverside home features 3 bedrooms, 2 beautifully updated bathrooms, and a fully fenced backyard ideal for entertaining or relaxing in privacy. Enjoy peace of mind with brand-new luxury vinyl plank flooring throughout, a brand-new kitchen with quartz countertops and stainless steel appliances, and modern upgrades in every corner. The detached garage and long driveway offer plenty of parking, while central AC and heating ensure year-round comfort. Located just minutes from Downtown Riverside, the Tyler Mall, top shopping, dining, and major freeways—this move-in ready home truly has it all.
Condition Rating
Excellent
Despite being built in 1955, this property has undergone a complete and extensive renovation, aligning with the 'excellent' criteria for properties extensively renovated within 5 years. The listing explicitly states 'completely renovated' with 'brand-new luxury vinyl plank flooring throughout,' a 'brand-new kitchen with quartz countertops and stainless steel appliances,' and 'beautifully updated bathrooms.' The images confirm these modern upgrades, showcasing new white shaker cabinets, contemporary black fixtures, stylish tiling in the bathrooms, and modern lighting/ceiling fans. All components appear new or virtually new, meeting current quality standards with no visible deferred maintenance.
Pros & Cons
Pros
Extensive Renovation: This home has been completely renovated with brand-new luxury vinyl plank flooring, a new kitchen featuring quartz countertops and stainless steel appliances, and modern upgrades throughout, making it move-in ready.
Flexible Financing & Low Ownership Costs: The property accepts all major financing types (FHA, VA, Conventional, Cash), has no HOA fees, and boasts a low tax rate of 1.105%, broadening its appeal to a wide range of buyers and reducing ongoing expenses.
Climate Control: Equipped with central AC and heating, ensuring year-round comfort regardless of external weather conditions.
Ample Parking & Detached Garage: A detached garage and a long driveway provide generous parking space, a valuable asset for multiple vehicles or storage needs.
Prime Location & Accessibility: Strategically located just minutes from Downtown Riverside, the Tyler Mall, various shopping and dining options, and major freeways, offering excellent convenience and connectivity.
Cons
Significant Overpricing: The current listing price of $584,900 is substantially higher than the estimated property value of $345,255, indicating a potential overvaluation of 40% which may deter potential buyers or require price adjustments.
Older Home Foundation: Built in 1955, the property's underlying structure is older, which, despite renovations, could imply potential for issues with original systems (e.g., plumbing, electrical) that may not have been fully updated.
Limited Living Space: With 1141 square feet, the interior living space is relatively modest for a 3-bedroom home, which might be a constraint for buyers seeking more expansive living areas or future expansion possibilities.