4542 Bandini Avenue, Riverside, California 92506, Riverside, 92506 - 3 bed, 2 bath
ACTIVE$550,000
4542 Bandini Avenue, Riverside, California 92506
3Beds
2Baths
1,153Sqft
10,890Lot
Price Vs. Estimate
The estimated value ($494,971.07) is $55,028.93 (10%) lower than the list price ($550,000). 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 = 10890, living area = 1153.
Top Cons:
As-Is Sale Condition: The property is explicitly sold 'as-is,' indicating the seller will not undertake repairs and suggesting potential for significant upfront investment in maintenance or upgrades.
Compared to the nearby listings
Price:$550.0K vs avg $727.6K ($-177,597)10%
Size:1,153 sqft vs avg 1,935 sqft11%
Price/sqft:$477 vs avg $38682%
More Insights
Built in 1923 (102 years old).
Condition: Built in 1923 and marketed as a 'Diamond in the Rough' sold 'as-is,' this property requires substantial repairs and rehabilitation. The kitchen features very dated white appliances, worn laminate countertops, and older cabinets, necessitating a full renovation. The bathroom is equally outdated with old tile flooring, a basic vanity, and fixtures. The overall condition, including visible wear and tear on flooring and walls, indicates that major systems and components are likely at or past their useful life and require significant investment to meet modern standards.
Year Built
1923
Close
-
List price
$550K
Original List price
$550K
Price/Sqft
$477
HOA
-
Days on market
-
Sold On
-
MLS number
IV25180543
Home ConditionPoor
Features
ViewNeighborhood
About this home
Welcome to the Diamond in the Rough of Riverside. This historical home, built in 1923, and situated in the highly desired Wood Streets neighborhood. The home sits on 10,800 square feet (a quarter of an acre) and has 3 bedrooms and 2 bathrooms. The home is ready for a new generation to come in and make their mark. The home is being sold as-is and will not sit long.
Nearby schools
6/10
Pachappa Elementary School
Public,•PK-6•1.0mi
5/10
Bryant Elementary School
Public,•K-6•1.8mi
5/10
Alcott Elementary School
Public,•K-6•2.1mi
2/10
Central Middle School
Public,•7-8•0.7mi
4/10
Sierra Middle School
Public,•7-8•1.4mi
7/10
Polytechnic High School
Public,•9-12•1.9mi
5/10
Ramona High School
Public,•9-12•2.4mi
Condition Rating
Poor
Built in 1923 and marketed as a 'Diamond in the Rough' sold 'as-is,' this property requires substantial repairs and rehabilitation. The kitchen features very dated white appliances, worn laminate countertops, and older cabinets, necessitating a full renovation. The bathroom is equally outdated with old tile flooring, a basic vanity, and fixtures. The overall condition, including visible wear and tear on flooring and walls, indicates that major systems and components are likely at or past their useful life and require significant investment to meet modern standards.
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 = 10890, living area = 1153.
Historic Charm & Character: Built in 1923 and described as a 'historical home,' it offers unique architectural character appealing to buyers seeking a property with a rich past.
Prime Neighborhood Location: Situated in the 'highly desired Wood Streets neighborhood,' indicating a sought-after area with strong community appeal and potential for property value growth.
Expansive Lot Size: A generous 10,800 sq ft (quarter-acre) lot provides ample outdoor space for landscaping, potential expansion, or creating a private oasis.
Significant Value-Add Potential: Marketed as a 'Diamond in the Rough' ready for a 'new generation to make their mark,' it presents a compelling opportunity for renovation and personalization to increase value.
Access to Reputable Schools: Proximity to several schools with good ratings, including Polytechnic High (7/10) and Pachappa Elementary (6/10), enhances its appeal to families.
Cons
As-Is Sale Condition: The property is explicitly sold 'as-is,' indicating the seller will not undertake repairs and suggesting potential for significant upfront investment in maintenance or upgrades.
Extensive Renovation Required: As a 1923 home described as a 'Diamond in the Rough,' it likely requires substantial modernization and updates to systems and finishes to meet contemporary living standards.
Modest Interior Square Footage: With 1153 sq ft, the interior living space is relatively compact for a 3-bedroom home, which might be a limiting factor for buyers desiring more spacious accommodations.