6539 Marguerita Avenue, Riverside, California 92506, Riverside, 92506 - 2 bed, 1 bath

6539 Marguerita Avenue, Riverside, California 92506 home-pic-0
ACTIVE$478,800
6539 Marguerita Avenue, Riverside, California 92506
2Beds
1Bath
744Sqft
6,970Lot
Year Built
1952
Close
-
List price
$479K
Original List price
$489K
Price/Sqft
$644
HOA
-
Days on market
-
Sold On
-
MLS number
IV25193885
Home ConditionExcellent
Features
View-

About this home

Possibly Over-Priced:The estimated price is 5% below the list price. We found 3 Cons,5 Pros. Rank: price - $478.8K(2th), sqft - 744(1th), beds - 2(9th), baths - 1(8th).

Back on the Market — No Fault of the Sellers! Here’s your second chance to secure this beautiful property just in time for the holidays. Opportunities like this don’t come around often—make it yours and start the new year in a home you love! Discover this beautifully updated 2-bedroom, 1-bath single-story home in Riverside, featuring a bonus room with private bath—ideal for a guest suite, home office, or rental income. Enjoy a modern kitchen with quartz countertops, updated bathrooms with designer finishes, recessed lighting, and fresh paint inside and out. The open floor plan offers a bright, inviting living space perfect for families or entertaining. Outside, the spacious driveway fits 4 vehicles, and the large, fully fenced lot offers privacy, room to expand, or space for outdoor living. Located near top Riverside schools, shopping centers, restaurants, and just minutes from Downtown Riverside and major freeways. This move-in-ready home is perfect for first-time buyers, investors, or anyone seeking a stylish, low-maintenance property in a prime location. Don’t miss this opportunity!

Price History

Date
Event
Price
10/18/25
Price Change
$478,800-2.0%
08/27/25
Listing
$488,800
Condition Rating
Excellent

Despite being built in 1952, this property has undergone an extensive modern renovation, as described in the listing. The kitchen features new quartz countertops, white cabinets, and stainless steel appliances, presenting a contemporary and functional space. Bathrooms have been updated with new shower surrounds, fixtures, and mirrors, providing a clean and refreshed look. Recessed lighting and fresh paint throughout the home contribute to a virtually new feel, making it move-in ready with high-quality finishes that meet current standards.
Pros & Cons

Pros

Extensive Modern Renovation: The property has been beautifully updated with a modern kitchen featuring quartz countertops, designer-finished bathrooms, recessed lighting, and fresh paint inside and out, offering a move-in-ready experience.
Versatile Bonus Room with Private Bath: Includes a valuable bonus room with its own private bath, ideal for a guest suite, home office, or potential rental income, significantly enhancing functionality and appeal.
Prime & Convenient Location: Strategically located near top Riverside schools, shopping centers, restaurants, Downtown Riverside, and major freeways, providing excellent accessibility and desirability.
Generous & Private Lot: Features a large, fully fenced 6,970 sqft lot, offering privacy, ample outdoor living space, and potential for future expansion or landscaping projects.
Open Concept & Ample Parking: The home boasts an open floor plan creating a bright and inviting living space, complemented by a spacious driveway capable of accommodating up to four vehicles.

Cons

Compact Interior Square Footage: With 744 sqft, the interior living space is relatively small for a 2-bedroom home, which may be a consideration for buyers desiring more expansive rooms.
Listing Price Exceeds Market Estimate: The current list price of $478,800 is approximately 2% above the estimated market value of $466,463, potentially indicating a slightly aggressive pricing strategy.
Recent Market Re-entry & Price Adjustment: Being 'Back on the Market' following a $10,000 price reduction could suggest previous challenges in securing a buyer or initial overpricing, which might warrant further inquiry.

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