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5571 Magnolia Avenue, Riverside, California 92506, Riverside, - bed, bath

home-pic
ACTIVE$635,000
5571 Magnolia Avenue, Riverside, California 92506
3Beds
1Bath
1,404Sqft
10,454Lot
Year Built
1912
Close
-
List price
$635K
Original List price
$679K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
CV25145157
Home ConditionGood
Features
Patio
View-

About this home

Welcome to this one-of-a-kind Classic Craftsman Bungalow nestled in the beautiful "Wood" street neighborhood- a rare gem that seamlessly combines timeless character with contemporary updates. Step inside and fall in love with the exceptional craftsmanship, stunning details, and inviting spaces that make this home truly shine. Enjoy a recently remodeled gourmet kitchen featuring elegant newer cabinetry, a sleek quartz island, stainless steel appliances, stylish lighting, and waterproof wood laminate floors that extend into the spacious living area and all bedrooms. The original 1912 windows flood the home with natural light while preserving its authentic charm. Relax in the cozy living room, perfect for gatherings or quiet evenings. The bathroom was recently updated, showcasing a large modern shower, dual venetian sinks, chic tile flooring and designer fixtures. Entertain family and friends in the expansive, private backyard. The yard is perfect for an ADU, Garage, Pool or all three. This exquisite Craftsman offers the best of both worlds: the warmth and character of a historic home paired with modern updates for today's lifestyle. Don't miss this rare opportunity to own a piece of history that's move-in ready and waiting for you. Just minutes from RCC, hospital, shopping, and freeways!

Nearby schools

6/10
Pachappa Elementary School
Public,•PK-6•0.6mi
5/10
Alcott Elementary School
Public,•K-6•1.6mi
5/10
Bryant Elementary School
Public,•K-6•1.9mi
2/10
Central Middle School
Public,•7-8•0.6mi
4/10
Sierra Middle School
Public,•7-8•1.4mi
7/10
Polytechnic High School
Public,•9-12•1.4mi
5/10
Ramona High School
Public,•9-12•2.3mi

Price History

Date
Event
Price
08/15/25
Price Change
$635,000-6.5%
06/27/25
Listing
$678,888
Neighborhood Comparison
 SubjectAverage HomeNeighbourhood Ranking (232 Listings)
Beds34
45%
Baths12
11%
Square foot1,4041,906
23%
Lot Size10,45410,454
50%
Price$635K$730K
28%
Price per square foot$452$391
77%
Built year19121967
0%
HOA
Days on market131169
34%
Condition Rating
Good
Despite being built in 1912, this Craftsman bungalow has undergone significant and recent renovations to its key areas. The description highlights a 'recently remodeled gourmet kitchen' with newer cabinetry, quartz island, stainless steel appliances, and stylish lighting, along with a 'recently updated bathroom' featuring a modern shower, dual sinks, and chic tile. The flooring throughout the living areas and bedrooms is waterproof wood laminate, and the kitchen and porch have modern tile. The property is described as 'move-in ready' and the images support a well-maintained interior with contemporary updates, while preserving its original charm. The AC unit appears functional. These updates align well with the 'Good' criteria of being extensively renovated within 5 to 15 years in critical areas, making it move-in ready with no immediate renovations required.
Pros & Cons

Pros

Historic Charm & Modern Updates: This Classic Craftsman Bungalow seamlessly blends its original 1912 character, including authentic windows, with contemporary updates in the kitchen and bathroom, offering the best of both worlds.
Remodeled Gourmet Kitchen: The recently remodeled kitchen features elegant newer cabinetry, a sleek quartz island, stainless steel appliances, stylish lighting, and waterproof wood laminate floors, providing a modern and functional space.
Expansive Lot with Development Potential: The property boasts a large, private backyard (10,454 sqft) with ample space and potential for adding an ADU, garage, or pool, offering significant future value and customization opportunities.
Desirable Neighborhood & Convenient Location: Nestled in the beautiful 'Wood' street neighborhood, the home is minutes away from Riverside City College (RCC), a hospital, shopping centers, and major freeways, enhancing its appeal and accessibility.
Move-in Ready Condition: Described as 'move-in ready,' the recent updates to key areas like the kitchen and bathroom ensure the property is prepared for immediate occupancy without requiring major initial renovations.

Cons

Limited Bathroom Count: With only one bathroom for a three-bedroom home, this could be a significant functional limitation for families or multiple occupants, potentially impacting daily convenience and resale appeal.
Age of Original Windows: While preserving authentic charm, the original 1912 windows are likely less energy-efficient than modern replacements, potentially leading to higher utility costs for heating and cooling.
Recent Price Reduction: The property has undergone a notable price reduction from its original list price of $678,888 to $635,000, which may suggest initial overpricing or market resistance, potentially raising buyer concerns.

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