4660 Cover Street, Riverside, California 92506, Riverside, 92506 - 2 bed, 1 bath
4660 Cover Street
Riverside, California 92506
Property Price
SUMMARY
Analysis of 4660 Cover Street, Riverside, California 92506 reveals a property with a current list price of $580,000, which is 44% above the estimated $324,080 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Riverside Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4660 Cover Street Subject | $580,000* List Price | 2 | 1 | 1,134 | $286 | - |
A 4520 Linwood Place Sold | $554,950 | 2 | 1 | 1,054 | $527 | 0.8 mi |
B 4581 Jarvis Street Sold | $559,000 | 2 | 2 | 1,302 | $429 | 0.3 mi |
C 4766 Merrill Avenue Sold | $535,000 | 3 | 1 | 957 | $559 | 0.3 mi |
D 4622 Sunnyside Sold | $630,000 | 3 | 3 | 1,288 | $489 | 0.4 mi |
E 4765 Central Avenue Sold | $545,000 | 2 | 1 | 833 | $654 | 0.4 mi |
F 4401 Maplewood Place Active Under Contract | $629,900 List Price | 2 | 2 | 1,300 | $485 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1949, this property is well-maintained with functional updates like dual-pane windows, central HVAC, and a new water heater. However, the interior, particularly the bathroom, appears dated with older fixtures and cabinetry. The kitchen, while described as large, is not fully visible in images and lacks mention of recent modern renovations. The original hardwood floors are a classic feature but the overall aesthetic suggests the home is aged and would benefit from cosmetic updates in key areas like the kitchen and bathroom to meet current styles.
PROSSTRENGTHS & OPPORTUNITIES
- 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 = 9148, living area = 1134.
- Prime Location & Neighborhood
Nestled on a stunning tree-lined street in the tranquil Magnolia District, offering walking distance to Mountain View Park and Riverside Plaza, and minutes from Downtown Riverside and Mt. Rubidoux, with close proximity to the Historic Wood Streets District.
- Spacious Lot with Growth Potential
Features a generous lot with plenty of room to grow, including dedicated RV/trailer parking and convenient rear alley access, providing versatility for future expansion or additional amenities.
CONSRISKS & DEFICIENCIES
- Limited Bathroom Count
The property features only one bathroom, which may be a constraint for modern living preferences, particularly for families or those who frequently host guests.
- Smaller Square Footage
With 1134 square feet, the home is relatively compact, which might limit living space or appeal to buyers seeking larger residences.
- Age of Property
Built in 1949, despite some updates, the age of the home may imply potential for ongoing maintenance or a need for further modernization in certain areas not explicitly mentioned as updated.
About 4660 Cover Street
SUPER CUTE AND INVITING BUNGALOW STYLE SINGLE STORY HOME. 1134 SF. 2 BEDROOM. 1 BATH. Perched on a STUNNING TREE-LINED STREET within the TRAINQUIL AND QUIET NEIGHBORHOOD of the MAGNOLIA DISTRICT. The interior hosts a very FUNCTIONAL LAYOUT on a SPACIOS LOT WITH PLENTY OF ROOM TO GROW. LARGE EAT-IN KITCHEN, WALK-IN PANTRY and an INDOOR LAUNDRY ROOM - a rare find for this size in this area! Interior features include. ORIGINAL HARDWOOD FLOORS, UPDATED DUAL PANE WINDOWS. The COVERED PATIO is complimented by the MATURE LANDSCAPE, BEAUTIFUL FRUIT AND CITRUS TREES. THERE IS A SMALL GALVANIZED TUB "DIPPING POOL" W/FILTRATION PUMP. Additional features include a NEW WATER HEATER, CENTRAL HEATING AND AIR CONDITIONING, LOADS OF STORAGE. DETACHED TWO CAR GARAGE, AUTOMATIC GARAGE DOOR OPENER, REAR ALLEY ACCESS, RV/TRAILER PARKING. Walking distance to MOUNTAIN VIEW PARK and RIVERSIDE PLAZA, minutes from DOWNTOWN RIVERSIDE and MT. RUBIDOUX. Just one street away from the HISTORIC WOOD STREETS DISTRICT, there is absolutely no doubt that this home is nestled in A UNIQUELY WONDERFUL POCKET of Riverside. We invite you to view this home today and make it your own.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1949
- Lot Size
- 9,148 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 4.0 | 11% |
| Baths | 1.0 | 2.0 | 9% |
| Square foot | 1,134 | 2,006 | 10% |
| Lot Size | 9,148 | 10,454 | 42% |
| Price | $580.0K | $747.9K | 16% |
| Price per sq ft | $511 | $386 | 88% |
| Built year | 1949 | 1968 | 20% |
| HOA | $0 | $0 | 50% |
| Days on market | 380 | 186 | 99% |
Pricing History
No pricing history data available.