3620 Hoover Street, Riverside, California 92504, Riverside, 92504 - 3 bed, 2 bath
ACTIVE$785,900
3620 Hoover Street, Riverside, California 92504
3Beds
2Baths
1,265Sqft
10,454Lot
Price Vs. Estimate
The estimated value ($374,425.15) is $411,474.85 (52%) lower than the list price ($785,900). 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 = 10454, living area = 1265.
Top Cons:
Significant Overpricing: The listing price of $785,900 is considerably higher than recent comparable sales in the immediate area, which range from approximately $562,500 to $700,000, suggesting a potential overvaluation relative to market conditions.
Compared to the nearby listings
Price:$785.9K vs avg $630.0K (+$155,900)73%
Size:1,265 sqft vs avg 1,586.5 sqft27%
Price/sqft:$621 vs avg $41297%
More Insights
Built in 1940 (85 years old).
Condition: The property, built in 1940, shows signs of regular upkeep and some cosmetic updates, such as the wood-look tile flooring throughout and a newer vanity in the main bathroom. However, the kitchenette in the attached suite features visibly outdated white appliances (stove, hood) and basic cabinetry, suggesting it has not undergone a recent, extensive renovation. The main kitchen is not pictured, which is a notable omission. While functional, the overall condition of the kitchens and bathrooms, combined with the age of the home and lack of explicit mention of major system updates (HVAC, electrical, plumbing), indicates that significant modernization would be beneficial. This aligns with the 'Fair' category, where the home is aged but maintained, and major components show signs of being outdated.
Year Built
1940
Close
-
List price
$786K
Original List price
$786K
Price/Sqft
$621
HOA
-
Days on market
-
Sold On
-
MLS number
HD25094520
Home ConditionFair
Features
Pool
Patio
View-
About this home
Welcome to this exceptional Riverside residence, offering a harmonious blend of comfort and versatility. The main house features 2 bedrooms and 1 bathroom, designed with an open-concept layout that seamlessly connects the living, dining, and kitchen areas. French doors open to a private backyard oasis, where a sparkling swimming pool awaits—perfect for relaxation and entertaining.? Enhancing the property's appeal is an attached master suite with 1 bedroom, 1 bathroom, and a convenient kitchenette. This master suite has a separate entrance. This space is ideal for guests, extended family, or potential rental income.? Situated in a desirable Riverside neighborhood, close to the freeway and shopping centers. this home offers a unique opportunity for multi-generational living or investment potential. Don't miss the chance to own this versatile property with exceptional amenities.
Nearby schools
4/10
Washington Elementary School
Public,•K-6•1.3mi
6/10
Pachappa Elementary School
Public,•PK-6•1.5mi
4/10
Mountain View Elementary School
Public,•PK-6•1.6mi
5/10
Alcott Elementary School
Public,•K-6•2.4mi
4/10
Sierra Middle School
Public,•7-8•1.0mi
4/10
Matthew Gage Middle School
Public,•7-8•1.4mi
3/10
Chemawa Middle School
Public,•7-8•2.0mi
2/10
Central Middle School
Public,•7-8•2.5mi
5/10
Ramona High School
Public,•9-12•0.6mi
7/10
Polytechnic High School
Public,•9-12•2.1mi
5/10
Arlington High School
Public,•9-12•2.4mi
Condition Rating
Fair
The property, built in 1940, shows signs of regular upkeep and some cosmetic updates, such as the wood-look tile flooring throughout and a newer vanity in the main bathroom. However, the kitchenette in the attached suite features visibly outdated white appliances (stove, hood) and basic cabinetry, suggesting it has not undergone a recent, extensive renovation. The main kitchen is not pictured, which is a notable omission. While functional, the overall condition of the kitchens and bathrooms, combined with the age of the home and lack of explicit mention of major system updates (HVAC, electrical, plumbing), indicates that significant modernization would be beneficial. This aligns with the 'Fair' category, where the home is aged but maintained, and major components show signs of being outdated.
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 = 10454, living area = 1265.
Versatile Living Arrangement: The property offers a unique layout with a main house (2 beds, 1 bath) and an attached master suite (1 bed, 1 bath with kitchenette and separate entrance), ideal for multi-generational living, guest accommodations, or potential rental income.
Private Backyard Oasis: Features a private backyard with a sparkling swimming pool, providing an excellent space for relaxation and entertaining.
Desirable Location: Situated in a desirable Riverside neighborhood, offering convenient access to the freeway and shopping centers.
Large Lot Size: The property boasts a generous lot size of 10,454 sqft, providing ample outdoor space and potential.
Investment Potential: The flexible layout, particularly the attached suite with a separate entrance, presents a strong opportunity for rental income or future investment.
Cons
Significant Overpricing: The listing price of $785,900 is considerably higher than recent comparable sales in the immediate area, which range from approximately $562,500 to $700,000, suggesting a potential overvaluation relative to market conditions.
Age and Potential for Outdated Systems: Built in 1940, the property is 84 years old. While the description mentions an open-concept layout, it does not specify recent major system upgrades (e.g., HVAC, plumbing, electrical, roof), which could imply higher maintenance costs or the need for future modernization investments.
Compact Main House Living Space: The main house, with 2 bedrooms and 1 bathroom, contributes to a total property square footage of 1265 sqft, which may be considered relatively small for the primary living area by some prospective buyers.