3088 Panorama Road D, Riverside, California 92506, Riverside, 92506 - 1 bed, 1 bath
ACTIVE$309,000
3088 Panorama Road D, Riverside, California 92506
1Bed
1Bath
654Sqft
436Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Extensive Renovation: The condo has undergone a major renovation, including a new kitchen, appliances, bathroom, flooring, and doors, making it a turn-key property for immediate occupancy.
Top Cons:
Limited Size & Bedroom Count: With only 1 bedroom and 1 bathroom across 654 sqft, the property's small footprint significantly limits its appeal to a broader market, primarily targeting singles, couples, or students.
Compared to the nearby listings
Price:$309.0K vs avg $395.0K ($-86,000)31%
Size:654 sqft vs avg 1,208 sqft6%
Price/sqft:$472 vs avg $33088%
More Insights
Built in 1963 (62 years old).
Condition: This condo has undergone a major, extensive renovation, as explicitly stated in the listing description. The images confirm a fully updated, modern kitchen with new stainless steel appliances, white shaker cabinets, and recessed lighting. The bathroom is also completely new with contemporary fixtures and tiling. New laminate and carpet flooring, new doors, and new dual-paned windows further contribute to a 'virtually new' interior. Despite the building's 1963 construction, the unit itself meets current quality standards with no deferred maintenance, making it a turn-key home that aligns with the 'Excellent' condition criteria for a recently renovated property.
Year Built
1963
Close
-
List price
$309K
Original List price
$318K
Price/Sqft
$472
HOA
$449
Days on market
-
Sold On
-
MLS number
IV25030530
Home ConditionExcellent
Features
Good View: Hills
Patio
ViewHills
About this home
PRICE REDUCED! Adorable Single Story 1 Bedroom, 1 bath Condo in a great location, Close to Magnolia Center and Riverside J C. This Well Maintained Condo has a Spacious Living Room with Open Floorplan and Kitchen/Dining Area. Enter the home into a Private Fenced in Patio area with Special Lighting. This Home has gone through a Major Renovation which includes New Kitchen and Appliances, New Ceiling with Recessed Canned Lighting, New Bathroom, New Carpet and Laminate Flooring, New Front and Inside Doors, and New Patio Sliding Door with a Beautiful Large Dual Paned Window. The Home is Perfect for First Time Home Owners, Retirees or Anyone looking for an Affordable Turn Key Home. It's also a Great Investment Property. Long Term and Short Term Rentals OK with HOA. Perfect for Student or Investor. Walking Distance to RCC.
Condition Rating
Excellent
This condo has undergone a major, extensive renovation, as explicitly stated in the listing description. The images confirm a fully updated, modern kitchen with new stainless steel appliances, white shaker cabinets, and recessed lighting. The bathroom is also completely new with contemporary fixtures and tiling. New laminate and carpet flooring, new doors, and new dual-paned windows further contribute to a 'virtually new' interior. Despite the building's 1963 construction, the unit itself meets current quality standards with no deferred maintenance, making it a turn-key home that aligns with the 'Excellent' condition criteria for a recently renovated property.
Pros & Cons
Pros
Extensive Renovation: The condo has undergone a major renovation, including a new kitchen, appliances, bathroom, flooring, and doors, making it a turn-key property for immediate occupancy.
Investment & Rental Flexibility: The HOA permits both long-term and short-term rentals, making it an attractive option for investors or those seeking income potential.
Prime Location: Situated in a great location, it offers walking distance to Riverside City College (RCC) and close proximity to Magnolia Center, enhancing its appeal to students and local residents.
Affordability & Price Reduction: Positioned as an affordable option for first-time homebuyers, retirees, or investors, further enhanced by a recent price reduction.
Private Outdoor Space: Features a private, fenced-in patio area with special lighting, providing desirable outdoor living space for a condominium unit.
Cons
Limited Size & Bedroom Count: With only 1 bedroom and 1 bathroom across 654 sqft, the property's small footprint significantly limits its appeal to a broader market, primarily targeting singles, couples, or students.
High HOA Fees: The monthly association fee of $449 is relatively high for a 1-bedroom unit of this size, adding a substantial ongoing cost to ownership.
Age of Building: Despite recent interior renovations, the building was constructed in 1963, which may imply older common area infrastructure and potential for future maintenance or special assessment costs for the complex.