475 Transit Avenue, Riverside, California 92507, Riverside, 92507 - 3 bed, 1 bath
ACTIVE$534,999
475 Transit Avenue, Riverside, California 92507
3Beds
1Bath
760Sqft
4,792Lot
Price Vs. Estimate
The estimated value ($448,241.94) is $86,757.06 (16%) lower than the list price ($534,999). This property may be overpriced.
Key pros and cons
Top Pros:
Affordable Entry Point: Positioned as an 'Affordable Starter Home' and a 'Great Opportunity For A First-Time Buyer To Build Equity,' appealing to a specific buyer segment.
Top Cons:
As-Is Sale & Limited Access: The 'Property To Be Sold-As-Is!' clause combined with 'Drive-By Only' strongly suggests potential significant undisclosed issues and severely limits buyer due diligence.
Compared to the nearby listings
Price:$535.0K vs avg $650.0K ($-115,001)13%
Size:760 sqft vs avg 1,854 sqft2%
Price/sqft:$704 vs avg $36498%
More Insights
Built in 1929 (96 years old).
Condition: Built in 1929, this property is nearly a century old. The listing explicitly states 'Property To Be Sold-As-Is!' and 'Drive-By Only,' which are strong indicators of significant underlying issues and a lack of recent, substantial renovations. The absence of interior photos, particularly of the kitchen and bathroom, combined with these disclaimers, suggests these critical areas are likely in very poor, outdated condition, requiring complete overhaul. While the exterior appears structurally intact, the overall condition points to a need for substantial repairs and rehabilitation throughout the home, rather than just minor updates.
Year Built
1929
Close
-
List price
$535K
Original List price
$535K
Price/Sqft
$704
HOA
-
Days on market
-
Sold On
-
MLS number
CV25115806
Home ConditionPoor
Features
Good View: City Lights
ViewCity Lights
About this home
Beautiful And Affordable Starter Home With A Great Potential! Price To Sell Fast! This Beautiful And Cozy 3 Bedroom And 2 Baths Home Is A Great Opportunity For A First -Time Buyer To Build Equity Or An Investment. Don’t Miss Out This Excellent Opportunity. Close to Downtown, Freeways And Much More Property To Be Sold-As-Is! Drive-By Only
Condition Rating
Poor
Built in 1929, this property is nearly a century old. The listing explicitly states 'Property To Be Sold-As-Is!' and 'Drive-By Only,' which are strong indicators of significant underlying issues and a lack of recent, substantial renovations. The absence of interior photos, particularly of the kitchen and bathroom, combined with these disclaimers, suggests these critical areas are likely in very poor, outdated condition, requiring complete overhaul. While the exterior appears structurally intact, the overall condition points to a need for substantial repairs and rehabilitation throughout the home, rather than just minor updates.
Pros & Cons
Pros
Affordable Entry Point: Positioned as an 'Affordable Starter Home' and a 'Great Opportunity For A First-Time Buyer To Build Equity,' appealing to a specific buyer segment.
Prime Location: The property boasts a convenient location 'Close to Downtown, Freeways And Much More,' enhancing accessibility and desirability.
Investment Opportunity: Explicitly marketed as a 'Great Opportunity For... An Investment,' suggesting potential for rental income or future appreciation.
Desirable View: The property offers a 'City Lights' view, which is a sought-after amenity that can enhance property value and appeal.
Good Lot Size: With a 4792 sqft lot for a 760 sqft home, there is ample outdoor space and potential for future expansion or the addition of an Accessory Dwelling Unit (ADU).
Cons
As-Is Sale & Limited Access: The 'Property To Be Sold-As-Is!' clause combined with 'Drive-By Only' strongly suggests potential significant undisclosed issues and severely limits buyer due diligence.
Significant Overpricing: The list price of $534,999 is considerably higher than the estimated property value of $448,241.94, indicating it may be overpriced, especially given its age and condition.
Small Square Footage & Inconsistent Bath Count: At 760 sqft, the home offers limited living space, and the discrepancy between the description (2 baths) and the provided data (1 bath) creates uncertainty and potential disappointment for buyers.