1313 Massachusetts Avenue 201, Riverside, California 92507, Riverside, 92507 - 1 bed, 1 bath

1313 Massachusetts Avenue 201, Riverside, California 92507 home-pic-0
ACTIVE$255,000
1313 Massachusetts Avenue 201, Riverside, California 92507
1Bed
1Bath
604Sqft
661Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Exceptional Location & Accessibility: Strategically located near UC Riverside, directly across from a Stater Bros. grocery store, with abundant nearby shopping, dining, public transportation, and easy access to the 60 and 91 freeways.
Top Cons:
Compact Living Space: At 604 square feet, the unit offers limited living area, which may restrict its appeal to buyers seeking more spacious accommodations.

Compared to the nearby listings

Price:$255.0K vs avg $391.5K ($-136,495)7%
Size:604 sqft vs avg 1,076 sqft10%
Price/sqft:$422 vs avg $37871%

More Insights

Built in 1986 (39 years old).
Condition: Built in 1986, this condo has undergone significant recent updates, including fresh paint, new vinyl plank flooring throughout, and new flooring in the kitchen and bathroom. The kitchen features granite countertops, a brand new sink, and black appliances, while the bathroom boasts a newly installed, unused tub combo. These updates make the property move-in ready with no immediate renovations required. However, the kitchen cabinets appear to be older, and the appliances are not high-end stainless steel, preventing an 'Excellent' rating, but the overall condition is well-maintained and updated.
Year Built
1986
Close
-
List price
$255K
Original List price
$260K
Price/Sqft
$422
HOA
$460.52
Days on market
-
Sold On
-
MLS number
CV25176170
Home ConditionGood
Features
Good View: Mountain(s), Neighborhood, Pool
Pool
Spa
Patio
ViewMountain(s), Neighborhood, Pool

About this home

Price reduction: Location, Location and Location!! Welcome to this well-kept upstairs 1 bedroom 1 bathroom condo located in the gated community of Palmilla. Just a short distance from the University of California at Riverside. Situated in a secure and well-maintained complex, this well-kept home features an open floor plan complete with vinyl plank flooring throughout. Once you enter the open living room , you will have access to the kitchen area where you will find ample cabinet space, granite countertop, stove/range, dishwasher, and a microwave. Fresh paint throughout the interior, new flooring in the bathroom and kitchen , along with a brand new kitchen sink. While in the living room, you will have access to a private patio from the sliding door, which is perfect place to relax and enjoy a morning cup of coffee. The bedroom is generally sized and offers ample closet space, while the upgraded bathroom continues the modern design with clean finishes. The newly installed bathtub combo has never been used. Palmilla is a gated community that offers a pool, spa, BBQ areas and convenient on-site laundry facilities. There is a Stater Bros. grocery store directly across the street, which makes a grocery store run very convenient. There is nearby shopping, restaurants, entertainment and public transportation. You'll have easy access to the 60 and 91 freeways. See you in escrow.

Nearby schools

2/10
Highland Elementary School
Public,PK-60.8mi
3/10
University Heights Middle School
Public,7-80.2mi
5/10
John W. North High School
Public,9-120.4mi
Condition Rating
Good

Built in 1986, this condo has undergone significant recent updates, including fresh paint, new vinyl plank flooring throughout, and new flooring in the kitchen and bathroom. The kitchen features granite countertops, a brand new sink, and black appliances, while the bathroom boasts a newly installed, unused tub combo. These updates make the property move-in ready with no immediate renovations required. However, the kitchen cabinets appear to be older, and the appliances are not high-end stainless steel, preventing an 'Excellent' rating, but the overall condition is well-maintained and updated.
Pros & Cons

Pros

Exceptional Location & Accessibility: Strategically located near UC Riverside, directly across from a Stater Bros. grocery store, with abundant nearby shopping, dining, public transportation, and easy access to the 60 and 91 freeways.
Recent Interior Upgrades: The condo features fresh paint, new vinyl plank flooring throughout, an updated kitchen with granite countertops and a brand new sink, and a modern, upgraded bathroom with a newly installed, unused tub combo.
Gated Community with Amenities: Located within the secure and well-maintained Palmilla gated community, offering residents access to a pool, spa, BBQ areas, and convenient on-site laundry facilities.
Private Outdoor Space: A private patio accessible from the living room provides a dedicated outdoor area for relaxation and enjoyment, enhancing the living experience.
Investment Potential / Entry-Level Home: With its prime university-adjacent location, recent upgrades, and a recent price reduction, this unit presents a strong opportunity for investors or first-time homebuyers.

Cons

Compact Living Space: At 604 square feet, the unit offers limited living area, which may restrict its appeal to buyers seeking more spacious accommodations.
High Monthly Association Fee: The association fee of $460.52 is a significant monthly expense, which could impact overall affordability and cash flow for potential buyers or investors.
Single Bedroom Configuration: As a one-bedroom unit, its market appeal is primarily limited to individuals, couples, or as a rental property, excluding families or those requiring additional bedrooms.

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