230 E Blaine, Riverside, California 92507, Riverside, 92507 - 4 bed, 2 bath
ACTIVE$629,000
230 E Blaine, Riverside, California 92507
4Beds
2Baths
1,512Sqft
7,405Lot
Price Vs. Estimate
The estimated value ($629,000) is $0 (0%) lower than the list price ($629,000). This property may be overpriced.
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 = 7405, living area = 1512.
Top Cons:
Age of Construction: Built in 1960, the property is over 60 years old, which may imply potential for aging infrastructure (e.g., plumbing, electrical, HVAC systems) despite recent updates.
Compared to the nearby listings
Price:$629.0K vs avg $650.0K ($-21,000)35%
Size:1,512 sqft vs avg 1,854 sqft31%
Price/sqft:$416 vs avg $36471%
More Insights
Built in 1960 (65 years old).
Condition: The property, built in 1960, has undergone significant recent cosmetic updates, making it move-in ready. The kitchen features modern white shaker cabinets, dark quartz countertops, stainless steel appliances, and recessed lighting. New laminate wood flooring is present in the living areas and bedrooms, and the walls are freshly painted. While the bathroom has some updates like a modern vanity and lighting, its countertop, shower door, and floor tile are a bit dated compared to the kitchen. The tile flooring in the kitchen and dining area is also clean but not as modern as the other kitchen elements. Despite the age of the original structure, the visible renovations suggest the property has been well-maintained and updated within the last 5-15 years, aligning with the 'Good' condition criteria.
Year Built
1960
Close
-
List price
$629K
Original List price
$650K
Price/Sqft
$416
HOA
-
Days on market
-
Sold On
-
MLS number
IV25229620
Home ConditionGood
Features
Good View: Hills, Mountain(s)
Patio
ViewHills, Mountain(s)
About this home
Prime location, recently updated, great views, and so much MORE. Close to UC Riverside, popular floorplan with 4 spacious bedrooms and attached 2 car garage (could be ideal ADU conversion). Low taxes, no HOA, quiet cul-de-sac at the base of Box Springs Mt. Reserve.
Condition Rating
Good
The property, built in 1960, has undergone significant recent cosmetic updates, making it move-in ready. The kitchen features modern white shaker cabinets, dark quartz countertops, stainless steel appliances, and recessed lighting. New laminate wood flooring is present in the living areas and bedrooms, and the walls are freshly painted. While the bathroom has some updates like a modern vanity and lighting, its countertop, shower door, and floor tile are a bit dated compared to the kitchen. The tile flooring in the kitchen and dining area is also clean but not as modern as the other kitchen elements. Despite the age of the original structure, the visible renovations suggest the property has been well-maintained and updated within the last 5-15 years, aligning with the 'Good' condition criteria.
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 = 7405, living area = 1512.
Prime Location & Scenic Views: The property boasts a prime location on a quiet cul-de-sac at the base of Box Springs Mt. Reserve, offering great views of hills and mountains.
ADU Conversion Potential: The attached 2-car garage presents an ideal opportunity for conversion into an Accessory Dwelling Unit (ADU), significantly enhancing property value and potential rental income.
Favorable Ownership Costs: Owners benefit from low property taxes and no Homeowners Association (HOA) fees, contributing to more affordable long-term ownership.
Recent Updates: The property has been recently updated, suggesting modern aesthetics and potentially reducing immediate maintenance or renovation costs for a new buyer.
Proximity to UC Riverside: Its close proximity to UC Riverside makes it highly attractive for students, faculty, or as a strategic rental investment property.
Cons
Age of Construction: Built in 1960, the property is over 60 years old, which may imply potential for aging infrastructure (e.g., plumbing, electrical, HVAC systems) despite recent updates.
Lack of Specific Update Details: While 'recently updated,' the description lacks specific details on the scope and extent of these renovations, which could lead to buyer uncertainty about the condition of major components or cosmetic finishes.
History of Price Reductions: The property has undergone multiple price reductions since its initial listing, which might suggest it was initially overpriced or indicate a slower market response, potentially impacting buyer perception.