1180 Greystone Drive, Riverside, California 92506, Riverside, 92506 - 3 bed, 2 bath
ACTIVE$380,000
1180 Greystone Drive, Riverside, California 92506
3Beds
2Baths
1,132Sqft
8,712Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8712, living area = 1132.
Top Cons:
Extensive Renovation Required: The description 'Great potential with some TLC' strongly suggests the property is in need of significant repairs, updates, and modernization, requiring substantial additional investment beyond the purchase price.
Compared to the nearby listings
Price:$380.0K vs avg $727.6K ($-347,597)0%
Size:1,132 sqft vs avg 1,935 sqft10%
Price/sqft:$336 vs avg $38619%
More Insights
Built in 1986 (39 years old).
Condition: The property was built in 1986, making it 39 years old. The listing explicitly states 'Great potential with some TLC,' 'Extensive Renovation Required,' and highlights 'Aging Systems & Aesthetics,' implying that major systems (HVAC, plumbing, electrical, roof) and interior finishes are likely original or outdated and will necessitate costly replacements or upgrades. While no interior photos are provided to assess the kitchen and bathrooms directly, the age and description strongly indicate they are significantly outdated and require substantial renovation. This aligns with the 'Poor' condition criteria, which suggests a need for substantial repairs and rehabilitation, with major components requiring replacement or repair.
Year Built
1986
Close
-
List price
$380K
Original List price
$380K
Price/Sqft
$336
HOA
-
Days on market
-
Sold On
-
MLS number
PW25121232
Home ConditionPoor
Features
ViewNeighborhood
About this home
Great potential with some TLC
Price History
Date
Event
Price
07/29/99
Sold
$142,000
05/19/23
Sold
$620,000
10/03/19
Sold
$439,500
12/11/02
Sold
$390,000
Condition Rating
Poor
The property was built in 1986, making it 39 years old. The listing explicitly states 'Great potential with some TLC,' 'Extensive Renovation Required,' and highlights 'Aging Systems & Aesthetics,' implying that major systems (HVAC, plumbing, electrical, roof) and interior finishes are likely original or outdated and will necessitate costly replacements or upgrades. While no interior photos are provided to assess the kitchen and bathrooms directly, the age and description strongly indicate they are significantly outdated and require substantial renovation. This aligns with the 'Poor' condition criteria, which suggests a need for substantial repairs and rehabilitation, with major components requiring replacement or repair.
Pros & Cons
Pros
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8712, living area = 1132.
Significant Value-Add Potential: The property is explicitly marketed with 'Great potential with some TLC' and listed at $380,000, substantially below its 2023 sale price of $620,000, indicating strong equity potential for renovation.
Affordable Entry Point: Priced at $380,000, it offers a relatively accessible price for a single-family home in the Southern California market, appealing to first-time buyers or investors.
Generous Lot Size: An 8,712 sqft lot provides ample outdoor space for landscaping, potential expansion, or recreational use.
Established Riverside Location: Situated in Riverside (92506), an established community with access to local amenities and served by the Riverside Unified School District.
Desirable Property Type: As a Single-Family Residence, it offers privacy and is generally a preferred property type for long-term appreciation and family living.
Cons
Extensive Renovation Required: The description 'Great potential with some TLC' strongly suggests the property is in need of significant repairs, updates, and modernization, requiring substantial additional investment beyond the purchase price.
Smaller Interior Footprint: With 1,132 sqft, the interior living space is relatively compact for a 3-bedroom home, which may not suit all buyer preferences or larger families.
Aging Systems & Aesthetics: Built in 1986, the property is nearly 40 years old, implying that major systems (HVAC, plumbing, electrical, roof) and interior finishes are likely original or outdated, necessitating costly replacements or upgrades.