7038 Indiana Avenue, Riverside, California 92506, Riverside, - bed, bath
ACTIVE UNDER CONTRACT$720,000
7038 Indiana Avenue, Riverside, California 92506
2Beds
1Bath
1,230Sqft
21,344Lot
Year Built
1927
Close
-
List price
$720K
Original List price
$680K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
AR25169298
Home ConditionPoor
Features
View-
About this home
Charming single-story home in the desirable Orange Acres neighborhood of Riverside. This 1927 residence offers timeless character with modern potential. Featuring 2 bedrooms and 1.75 bathrooms across 1,230 square feet, the home sits on a spacious 21,344 square foot lot, offering ample outdoor space for entertaining, gardening, or future expansion. The home includes vintage architectural details, a functional layout, and a peaceful residential setting. Located near schools, parks, shopping, and major freeways, this property combines historic charm with everyday convenience.
Price History
Date
Event
Price
08/10/25
Price Change
$720,000
07/29/25
Listing
$680,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (232 Listings) | |
|---|---|---|---|
| Beds | 2 | 4 | 8% |
| Baths | 1 | 2 | 11% |
| Square foot | 1,230 | 1,906 | 15% |
| Lot Size | 21,344 | 10,454 | 82% |
| Price | $720K | $730K | 48% |
| Price per square foot | $585 | $391 | 94% |
| Built year | 1927 | 1967 | 9% |
| HOA | |||
| Days on market | 99 | 169 | 21% |
Condition Rating
Poor
Built in 1927, this property exhibits significant age with no indication of recent major renovations. The description highlights 'vintage architectural details' and 'modern potential,' which, combined with the property analysis, suggests a need for 'substantial updates to systems (e.g., plumbing, electrical, HVAC) and interior finishes.' While the exterior appears maintained, the lack of interior images and the property's age strongly imply that the kitchen and bathrooms are severely outdated and likely require full renovation, along with major system overhauls, to meet current standards and comfort levels. This aligns with the 'Poor' condition criteria, indicating substantial repairs and rehabilitation are needed.
Pros & Cons
Pros
Expansive Lot Size: The property boasts a spacious 21,344 square foot lot, offering ample outdoor space for entertaining, gardening, or significant future expansion, which is a rare and valuable asset.
Desirable Neighborhood & Convenience: Located in the 'desirable Orange Acres neighborhood' of Riverside, providing a peaceful residential setting with convenient access to schools, parks, shopping, and major freeways.
Historic Charm & Architectural Character: Built in 1927, the residence offers timeless character and vintage architectural details, appealing to buyers seeking a home with unique historical appeal and charm.
Future Expansion Potential: The generous lot size explicitly allows for future expansion of the home or addition of amenities, providing significant long-term value and customization opportunities.
Peaceful Residential Setting: The property is situated in a peaceful residential setting, offering a tranquil living environment away from the hustle and bustle.
Cons
Age of Property & Potential for Updates: As a 1927-built home, it may require substantial updates to systems (e.g., plumbing, electrical, HVAC) and interior finishes to meet modern standards, representing potential future investment for buyers.
Smaller Interior Square Footage: With 1,230 square feet for 2 bedrooms and 1.75 bathrooms, the interior living space is relatively modest, especially given the expansive lot, which might not suit all buyer needs without expansion.
Listing Price Exceeds Estimated Value: The current listing price of $720,000 is approximately 4% higher than the property's estimated value of $691,177, suggesting it may be priced above current market expectations.