3024 Wendell Way, Riverside, California 92507, Riverside, 92507 - 3 bed, 2 bath
ACTIVE$550,000
3024 Wendell Way, Riverside, California 92507
3Beds
2Baths
1,052Sqft
7,405Lot
Price Vs. Estimate
The estimated value ($439,527.25) is $110,472.75 (20%) lower than the list price ($550,000). This property may be overpriced.
Key pros and cons
Top Pros:
Prime Location: Strategically located in a desirable area of Riverside, offering convenient access to the University of Riverside, schools, shopping centers, and major freeways, enhancing its appeal for various buyer profiles.
Top Cons:
Significant Overpricing: The current listing price is approximately 20% above the estimated market value, which may deter potential buyers and lead to extended market time or necessary price adjustments.
Compared to the nearby listings
Price:$550.0K vs avg $650.0K ($-100,000)17%
Size:1,052 sqft vs avg 1,854 sqft8%
Price/sqft:$523 vs avg $36495%
More Insights
Built in 1958 (67 years old).
Condition: Built in 1958, this property features a highly outdated kitchen with tiled countertops, older white appliances, and basic cabinetry, indicating no major renovation in the past 30-50 years. While some laminate flooring is newer, the overall condition suggests substantial rehabilitation is needed, particularly in the kitchen and likely bathrooms (no images provided, but inferred from kitchen and age). Major systems are also likely original or very old, requiring significant investment to meet current standards, aligning with the 'poor' condition criteria.
Year Built
1958
Close
-
List price
$550K
Original List price
$550K
Price/Sqft
$523
HOA
-
Days on market
-
Sold On
-
MLS number
IG25240025
Home ConditionPoor
Features
Good View: City Lights, Hills, Mountain(s), Neighborhood
Patio
ViewCity Lights,Hills,Mountain(s),Neighborhood
About this home
Priced to sell quick. This property is located in one of the great areas of Riverside. Close to the University of Riverside and other schools, shopping and easy access to all freeways. This home has 3 bedrooms 2 baths, living room with fireplace, open kitchen, newer laminate flooring. Outside you have a big back yard with a covered patio and lots of shady trees. Come see this property before it disappears.
Condition Rating
Poor
Built in 1958, this property features a highly outdated kitchen with tiled countertops, older white appliances, and basic cabinetry, indicating no major renovation in the past 30-50 years. While some laminate flooring is newer, the overall condition suggests substantial rehabilitation is needed, particularly in the kitchen and likely bathrooms (no images provided, but inferred from kitchen and age). Major systems are also likely original or very old, requiring significant investment to meet current standards, aligning with the 'poor' condition criteria.
Pros & Cons
Pros
Prime Location: Strategically located in a desirable area of Riverside, offering convenient access to the University of Riverside, schools, shopping centers, and major freeways, enhancing its appeal for various buyer profiles.
Outdoor Living Space: Features a generously sized backyard with a covered patio and mature shade trees, providing excellent opportunities for outdoor entertaining and relaxation.
Functional Layout: The home offers a practical 3-bedroom, 2-bathroom layout with a living room featuring a fireplace and an open kitchen, catering to common family needs.
Interior Updates: Includes newer laminate flooring throughout, providing a modern and low-maintenance aesthetic to the interior.
Investment Potential: Given its proximity to a major university and excellent freeway access, the property holds strong potential for long-term appreciation and rental income.
Cons
Significant Overpricing: The current listing price is approximately 20% above the estimated market value, which may deter potential buyers and lead to extended market time or necessary price adjustments.
Age of Property: Built in 1958, the home's age suggests potential for outdated major systems (e.g., HVAC, plumbing, electrical) and deferred maintenance that may require future investment from the buyer.
Compact Interior Size: With 1052 square feet, the interior living space is relatively small for a 3-bedroom, 2-bathroom home, which could be a limiting factor for buyers seeking more expansive living areas.