1317 Massachusetts Avenue 202, Riverside, California 92507, Riverside, 92507 - 1 bed, 1 bath
ACTIVE$252,000
1317 Massachusetts Avenue 202, Riverside, California 92507
1Bed
1Bath
604Sqft
Lot
Price Vs. Estimate
The estimated value ($241,242.25) is $10,757.75 (8%) lower than the list price ($252,000). This property may be overpriced.
Key pros and cons
Top Pros:
Excellent Location: The property boasts a highly convenient location within the Palmilla community, offering easy access to UCR, shopping centers, major freeways (215, 91, & 60), and public transportation (The Highlander Trolley stop).
Top Cons:
Compact Living Space: With only 1 bedroom and 1 bathroom across 604 sqft, the unit offers limited living space, which may not suit all buyer needs or future growth.
Compared to the nearby listings
Price:$252.0K vs avg $391.5K ($-139,495)2%
Size:604 sqft vs avg 1,076 sqft10%
Price/sqft:$417 vs avg $37871%
More Insights
Built in 1986 (39 years old).
Condition: The property, built in 1986 (38 years old), is move-in ready with recent cosmetic updates including new interior paint and window blinds. However, the kitchen features dated light wood cabinets, speckled countertops, and white appliances (except for the stainless steel refrigerator). The bathroom vanity and light fixture also reflect an older style. While well-maintained and functional, these key areas show signs of being outdated, suggesting the property has not undergone a major renovation within the last 15-30 years, aligning with the 'Fair' condition criteria.
Year Built
1986
Close
-
List price
$252K
Original List price
$265K
Price/Sqft
$417
HOA
$420
Days on market
-
Sold On
-
MLS number
CV25130797
Home ConditionFair
Features
Good View: Neighborhood
Deck
Patio
ViewNeighborhood
About this home
Location, location, location!!! This Palmilla community in Riverside, CA offers a 1 bed, 1 bath unit with modern upgrades, including new interior paint, storage door, and window blinds. The location is highly convenient, near UCR, shopping centers, major freeways (215, 91, & 60), and The Highlander Trolley stop. The community provides secure, gated access, a detached carport (#18), and amenities like a pool, spa, and HOA-covered water & trash services. If you're looking to build equity instead of paying rent, this could be a solid investment.
Nearby schools
2/10
Highland Elementary School
Public,•PK-6•0.8mi
3/10
University Heights Middle School
Public,•7-8•0.2mi
5/10
John W. North High School
Public,•9-12•0.5mi
Condition Rating
Fair
The property, built in 1986 (38 years old), is move-in ready with recent cosmetic updates including new interior paint and window blinds. However, the kitchen features dated light wood cabinets, speckled countertops, and white appliances (except for the stainless steel refrigerator). The bathroom vanity and light fixture also reflect an older style. While well-maintained and functional, these key areas show signs of being outdated, suggesting the property has not undergone a major renovation within the last 15-30 years, aligning with the 'Fair' condition criteria.
Pros & Cons
Pros
Excellent Location: The property boasts a highly convenient location within the Palmilla community, offering easy access to UCR, shopping centers, major freeways (215, 91, & 60), and public transportation (The Highlander Trolley stop).
Community Amenities & Security: Residents benefit from secure, gated access, a community pool and spa, and HOA-covered water and trash services, enhancing lifestyle and peace of mind.
Recent Interior Upgrades: The unit features modern upgrades including new interior paint, a new storage door, and new window blinds, making it move-in ready and appealing.
Investment Potential: Positioned as a solid investment opportunity, it's ideal for those looking to build equity rather than rent, appealing to first-time buyers or investors.
Top-Rated High School Access: The property is located within 0.5 miles of John W. North High School, which holds a high rating of 5, a significant advantage for families.
Cons
Compact Living Space: With only 1 bedroom and 1 bathroom across 604 sqft, the unit offers limited living space, which may not suit all buyer needs or future growth.
High HOA Fees: The monthly association fee of $420 is substantial for a unit of this size, adding a significant recurring cost to homeownership.
Estimated Value Discrepancy: Despite a recent price reduction, the current list price of $252,000 is still above the estimated property value of $241,242.25, suggesting it may be slightly overpriced relative to market estimates.