2311 5th Street, Riverside, California 92507, Riverside, 92507 - 4 bed, 2 bath
ACTIVE$510,000
2311 5th Street, Riverside, California 92507
4Beds
2Baths
1,111Sqft
3,485Lot
Price Vs. Estimate
The estimated value ($510,000) is $0 (0%) lower than the list price ($510,000). This property may be overpriced.
Key pros and cons
Top Pros:
Extensive Modern Remodel: The property boasts a 'beautifully remodeled' interior with 'modern finishes,' 'updated flooring and fresh paint,' a 'renovated kitchen with contemporary cabinetry,' and 'remodeled bathrooms with new toilets, fixtures and beautifully tiled shower.' This offers a turn-key solution for buyers.
Top Cons:
Advanced Age of Structure: Built in 1927, the home is nearly a century old. While cosmetically updated, potential buyers may have concerns about the condition of original underlying systems (e.g., plumbing, electrical, foundation) not explicitly mentioned as upgraded.
Compared to the nearby listings
Price:$510.0K vs avg $650.0K ($-140,000)11%
Size:1,111 sqft vs avg 1,854 sqft8%
Price/sqft:$459 vs avg $36483%
More Insights
Built in 1927 (98 years old).
Condition: This property, built in 1927, has undergone a very recent and extensive cosmetic remodel, making it move-in ready. The kitchen features new contemporary white shaker cabinets, modern countertops, a new sink, and updated flooring and lighting, though it is missing installed appliances. Both bathrooms are fully remodeled with new vanities, fixtures, toilets, and modern tiled showers. New LVP flooring and fresh paint are present throughout the home. While the visible updates are of excellent quality and style, the property's age (1927) and the lack of explicit mention of updates to major underlying systems (plumbing, electrical, HVAC) prevent an 'Excellent' rating. The property is in very good condition due to the recent renovations, but the long-term condition of the original structural components and systems remains a potential consideration.
Year Built
1927
Close
-
List price
$510K
Original List price
$529K
Price/Sqft
$459
HOA
-
Days on market
-
Sold On
-
MLS number
IV25149138
Home ConditionGood
Features
View-
About this home
Cute 4BR, 2BA Home with extra bonus office room, this beautifully remodeled home boasts a perfect blend of modern finishes and endless potential, Step inside to discover beautiful cathedral ceilings in living room featuring updated flooring and fresh paint. The inviting kitchen has been renovated with contemporary cabinetry. Remodeled bathrooms with new toilets, fixtures and beautifully tiled shower. This property is perfect for first-time buyers, it’s a must see
Condition Rating
Good
This property, built in 1927, has undergone a very recent and extensive cosmetic remodel, making it move-in ready. The kitchen features new contemporary white shaker cabinets, modern countertops, a new sink, and updated flooring and lighting, though it is missing installed appliances. Both bathrooms are fully remodeled with new vanities, fixtures, toilets, and modern tiled showers. New LVP flooring and fresh paint are present throughout the home. While the visible updates are of excellent quality and style, the property's age (1927) and the lack of explicit mention of updates to major underlying systems (plumbing, electrical, HVAC) prevent an 'Excellent' rating. The property is in very good condition due to the recent renovations, but the long-term condition of the original structural components and systems remains a potential consideration.
Pros & Cons
Pros
Extensive Modern Remodel: The property boasts a 'beautifully remodeled' interior with 'modern finishes,' 'updated flooring and fresh paint,' a 'renovated kitchen with contemporary cabinetry,' and 'remodeled bathrooms with new toilets, fixtures and beautifully tiled shower.' This offers a turn-key solution for buyers.
Functional Bonus Room: The inclusion of an 'extra bonus office room' adds significant versatility and value, catering to current demands for dedicated workspaces or flexible living areas.
Architectural Character: 'Beautiful cathedral ceilings in living room' provide an attractive aesthetic and a sense of openness, distinguishing it from typical homes of its era.
First-Time Buyer Suitability: Explicitly highlighted as 'perfect for first-time buyers,' indicating an accessible entry point into homeownership and potentially a well-maintained, ready-to-occupy condition.
Competitive Pricing Strategy: The recent price reduction from $529,000 to $510,000 demonstrates a motivated seller and positions the property more competitively in the market, potentially attracting more interest.
Cons
Advanced Age of Structure: Built in 1927, the home is nearly a century old. While cosmetically updated, potential buyers may have concerns about the condition of original underlying systems (e.g., plumbing, electrical, foundation) not explicitly mentioned as upgraded.
Compact Living Space: With 4 bedrooms and 2 bathrooms within only 1111 sqft, the living areas and individual bedrooms are likely to be quite small, potentially limiting comfort and functionality for larger households.
Limited Outdoor Space: The lot size of 3485 sqft is relatively small, offering minimal outdoor area for recreation, gardening, or future expansion, which could be a drawback for buyers seeking more yard space.