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375 Prospect Avenue, Riverside, California 92507, Riverside, 92507 - 2 bed, 2 bath

375 Prospect Avenue, Riverside, California 92507 home-pic-0
ACTIVE$480,000
375 Prospect Avenue, Riverside, California 92507
2Beds
2Baths
897Sqft
3,920Lot

Price Vs. Estimate

The estimated value ($470,841.545) is $9,158.455 (1%) lower than the list price ($480,000). This property may be overpriced.

Key pros and cons

Top Pros:
Recent Major Upgrades: The property benefits from a new AC unit (two years old) and recent concrete addition to the backyard, indicating good maintenance and reduced immediate expenses for a buyer.
Top Cons:
Compact Living Space: With only 897 square feet, the interior living area is quite small, which may limit its appeal to buyers seeking more expansive accommodations or room for a growing family.

Compared to the nearby listings

Price:$480.0K vs avg $650.0K ($-170,000)5%
Size:897 sqft vs avg 1,854 sqft4%
Price/sqft:$535 vs avg $36495%

More Insights

Built in 2004 (21 years old).
Condition: The property, built in 2004, is 20 years old and has been well-maintained with significant recent updates. These include a 2-year-old AC unit, updated bathroom vanities and finishes, and new concrete in the backyard. The kitchen features modern black appliances and well-kept cabinetry, while the living areas boast contemporary LVP flooring and recessed lighting, making the home move-in ready with no immediate renovations required.
Year Built
2004
Close
-
List price
$480K
Original List price
$480K
Price/Sqft
$535
HOA
-
Days on market
-
Sold On
-
MLS number
PW25251546
Home ConditionGood
Features
Patio
ViewNeighborhood

About this home

Charming 2-bedroom, 2-bath home offering a bright, open layout with abundant natural light throughout. The living and dining areas flow seamlessly, creating an inviting space for everyday living and entertaining. Both bedrooms are generously sized, and the bathrooms feature modern vanities and updated finishes for a clean, contemporary feel. AC is just two years old, offering peace of mind and efficiency.t Exit outside to a spacious backyard with a covered patio—ideal for outdoor dining, relaxing, or hosting gatherings. Concrete was added two years ago, providing a clean and versatile foundation for future outdoor customization. Conveniently located near shopping centers, schools, and churches, with easy access to major freeways. A wonderful opportunity for first-time buyers or anyone seeking comfort, convenience, and room to expand.

Price History

Date
Event
Price
03/11/22
Sold
$390,000
06/27/03
Sold
$40,000
Condition Rating
Good
The property, built in 2004, is 20 years old and has been well-maintained with significant recent updates. These include a 2-year-old AC unit, updated bathroom vanities and finishes, and new concrete in the backyard. The kitchen features modern black appliances and well-kept cabinetry, while the living areas boast contemporary LVP flooring and recessed lighting, making the home move-in ready with no immediate renovations required.
Pros & Cons

Pros

Recent Major Upgrades: The property benefits from a new AC unit (two years old) and recent concrete addition to the backyard, indicating good maintenance and reduced immediate expenses for a buyer.
Modern Interior & Layout: Features a bright, open layout with seamless flow between living and dining areas, complemented by modern vanities and updated finishes in the bathrooms, appealing to contemporary tastes.
Desirable Outdoor Living: A spacious backyard with a covered patio provides an ideal setting for outdoor dining, relaxation, and hosting gatherings, enhancing lifestyle appeal.
Prime Accessibility: Conveniently located near shopping centers, schools, and churches, with easy access to major freeways, offering excellent convenience for daily errands and commuting.
Relatively New Construction: Built in 2004, the home is relatively new (20 years old), suggesting modern building standards and potentially fewer immediate age-related maintenance issues.

Cons

Compact Living Space: With only 897 square feet, the interior living area is quite small, which may limit its appeal to buyers seeking more expansive accommodations or room for a growing family.
Limited Bedroom Capacity: The 2-bedroom configuration may not meet the needs of larger families or those requiring additional rooms for guests, a home office, or other flexible spaces.
Slightly Above Estimated Value: The current list price of $480,000 is marginally higher than the estimated property value of approximately $470,841, which could be a point of negotiation for potential buyers.

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