31553 Sagecrest Drive, Riverside, California 92532, Lake Elsinore, 92532 - 5 bed, 3 bath
ACTIVE$699,000
31553 Sagecrest Drive, Riverside, California 92532
5Beds
3Baths
3,221Sqft
7,841Lot
Year Built
2000
Close
-
List price
$699K
Original List price
$729K
Price/Sqft
$217
HOA
-
Days on market
-
Sold On
-
MLS number
SR25089495
Home ConditionFair
Features
Excellent View: Mountain(s)
Patio
ViewMountain(s)
About this home
Possibly Over-Priced:The estimated price is 50% below the list price. We found 3 Cons,5 Pros. Rank: price - $699.0K(81th), sqft - 3221(84th), beds - 5(75th), baths - 3(50th).
*** BACK TO THE MARKET *** Welcome to your dream home in Riverside ! This stunning 3,221 sqft, 5 bedroom, 3 bathroom residence offers modern living at its finest. Situated on a generous 7,841 sqft lot with a spacios 3 car garage, this property is in excellent condition and perfect for comfortable family living and entertaining. ** AT NO FAULT TO BUYERS ** ** MOTIVATED SELLERS !!! **
Condition Rating
Fair
The property was built in 2000, making it 24 years old. While some areas feature newer LVP flooring and fresh paint, the kitchen and bathrooms largely retain their original or early 2000s style with light wood cabinetry, speckled granite countertops, and dated light fixtures (e.g., pot rack). The appliances are a mix, with some appearing older. These key areas are functional but show signs of being outdated and would require minor updates to align with current aesthetic preferences, fitting the 'fair' condition criteria.
Pros & Cons
Pros
Spacious Living Area: With 3,221 sqft, 5 bedrooms, and 3 bathrooms, the property offers ample space for comfortable family living and entertaining.
Generous Lot Size: Situated on a 7,841 sqft lot, providing significant outdoor space for various activities.
Three-Car Garage: A spacious 3-car garage offers abundant parking and storage solutions, a highly desirable feature.
Mountain Views: The property benefits from scenic mountain views, enhancing its aesthetic appeal and potential value.
Excellent Condition: Described as being in 'excellent condition,' suggesting it is well-maintained and potentially move-in ready for new owners.
Cons
Significant Valuation Discrepancy: The current listing price of $699,000 is substantially higher than the estimated property value of $345,312, indicating a potential overvaluation or a challenging market position.
Challenging Market History: The 'BACK TO THE MARKET' status and 'MOTIVATED SELLERS' suggest previous difficulties in selling, which could imply issues with pricing, condition, or other factors that may deter potential buyers.
Lack of Detailed Modern Updates: While described as 'modern living,' the property description lacks specific details about recent renovations or upgrades (e.g., kitchen, bathrooms, flooring), which might lead buyers to question if the interior is dated for a 2000-built home.