3688 Rossmuir, Riverside, California 92504, Riverside, 92504 - 3 bed, 2 bath
ACTIVE$480,000$1,760/sqft
Est. Value: $501,561
4%
BelowEstimate
3688 Rossmuir, Riverside, California 92504
3Beds
2Baths
1,760Sqft
7,841Lot
Price Vs. Estimate
The estimated value ($501,560.785) is $21,560.785 (4%) higher than the list price ($480,000). This property may be underpriced.
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 = 7841, living area = 1760.
Top Cons:
Non-Financeable Status: The property is explicitly stated as 'non-financeable,' severely limiting the buyer pool to cash offers or specialized financing, which can prolong market time and limit price potential.
Compared to the nearby listings
Price:$480.0K vs avg $620.0K ($-140,000)6%
Size:1,760 sqft vs avg 1,550.5 sqft62%
Price/sqft:$273 vs avg $4132%
More Insights
Built in 1953 (73 years old).
Condition: This property, built in 1953, is explicitly listed as 'non-financeable' and states that 'permits and condition to be verified.' This indicates significant underlying issues that prevent standard financing and suggest substantial repairs are needed. The property analysis further supports this, noting it's 'likely requiring substantial updates to major systems (e.g., plumbing, electrical, HVAC) and aesthetics.' While no interior images are provided to assess the kitchen and bathrooms directly, the overall condition and age strongly imply they are severely outdated and in need of complete renovation, consistent with a property requiring substantial rehabilitation.
Year Built
1953
Close
-
List price
$480K
Original List price
$480K
Price/Sqft
$273
HOA
-
Days on market
-
Sold On
-
MLS number
IV25279077
Home ConditionPoor
Features
ViewNeighborhood
About this home
Non financeable home located in the heart of Riverside. Permits and condition to be verified.
E
ERICK MARTINEZ
Listing Agent
Nearby schools
4/10
Washington Elementary School
Public,•K-6•1.3mi
6/10
Pachappa Elementary School
Public,•PK-6•1.3mi
4/10
Mountain View Elementary School
Public,•PK-6•1.5mi
5/10
Alcott Elementary School
Public,•K-6•2.3mi
4/10
Sierra Middle School
Public,•7-8•0.9mi
4/10
Matthew Gage Middle School
Public,•7-8•1.4mi
3/10
Chemawa Middle School
Public,•7-8•2.1mi
2/10
Central Middle School
Public,•7-8•2.3mi
5/10
Ramona High School
Public,•9-12•0.7mi
7/10
Polytechnic High School
Public,•9-12•2.0mi
5/10
Arlington High School
Public,•9-12•2.5mi
Price History
Date
Event
Price
03/12/97
Sold
$110,000
03/21/18
Sold
$389,000
Condition Rating
Poor
This property, built in 1953, is explicitly listed as 'non-financeable' and states that 'permits and condition to be verified.' This indicates significant underlying issues that prevent standard financing and suggest substantial repairs are needed. The property analysis further supports this, noting it's 'likely requiring substantial updates to major systems (e.g., plumbing, electrical, HVAC) and aesthetics.' While no interior images are provided to assess the kitchen and bathrooms directly, the overall condition and age strongly imply they are severely outdated and in need of complete renovation, consistent with a property requiring substantial rehabilitation.
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 = 7841, living area = 1760.
Generous Lot Size: The property boasts a substantial 7,841 sqft lot, offering ample outdoor space for potential landscaping, expansion, or recreational activities.
Spacious Interior: With 1,760 sqft of living space, this 3-bedroom, 2-bathroom home provides comfortable and functional areas for residents.
Prime Riverside Location: Located in the 'heart of Riverside' with a pleasant neighborhood view, offering convenient access to local amenities and community features.
Excellent School Proximity: The property is situated close to several well-rated schools, including Ramona High (5/10), Pachappa Elementary (6/10), and Sierra Middle (4/10), enhancing its appeal for families.
Attractive Price for Cash Buyers: The $480,000 list price presents a potentially good value for cash purchasers, considering the property's size and location, especially given its non-financeable status.
Cons
Non-Financeable Status: The property is explicitly stated as 'non-financeable,' severely limiting the buyer pool to cash offers or specialized financing, which can prolong market time and limit price potential.
Condition and Permit Uncertainty: The listing advises 'Permits and condition to be verified,' suggesting potential issues with unpermitted work or significant repairs required, adding risk and unknown costs for a prospective buyer.
Age of Property & Potential for Updates: Built in 1953, the home is over 70 years old, likely requiring substantial updates to major systems (e.g., plumbing, electrical, HVAC) and aesthetics to meet modern standards, which could be a significant investment.