4760 Crest Avenue, Riverside, California 92503, Riverside, 92503 - 3 bed, 2 bath
ACTIVE$546,900
4760 Crest Avenue, Riverside, California 92503
3Beds
2Baths
1,152Sqft
29,185Lot
Year Built
1979
Close
-
List price
$547K
Original List price
$547K
Price/Sqft
$475
HOA
-
Days on market
-
Sold On
-
MLS number
IG25136889
Home ConditionFair
Features
Excellent View: City Lights, Neighborhood
Patio
ViewCity Lights,Neighborhood
About this home
Possibly Over-Priced:The estimated price is 29% below the list price. We found 3 Cons,6 Pros. Rank: price - $546.9K(12th), sqft - 1152(18th), beds - 3(40th), baths - 2(50th).
Welcome to 4760 Crest Ave in Riverside California a 3-Bedroom 2-Bathroom home full of potential and opportunity, featuring beautiful panoramic views of the city and located near schools and shopping centers.
Condition Rating
Fair
Built in 1979, this home is aged and requires significant updates, particularly in the kitchen and bathrooms. The kitchen features very dated orange-brown cabinets, white tile countertops, older appliances, and a drop ceiling with fluorescent lighting. Bathrooms also show outdated vanities, fixtures, and overall style. The living room has a window AC unit, suggesting a lack of modern central cooling, and dated flooring. While functional, the property has not undergone major renovations in a long time and needs substantial cosmetic and system upgrades to meet current standards, aligning with the 'fair' condition criteria.
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 = 29185, living area = 1152.
Panoramic City Views: The property boasts beautiful panoramic views of the city, enhancing its aesthetic appeal and potential value.
Expansive Lot Size: With a generous lot size of 29,185 sqft (0.67 acres), there is significant outdoor space for landscaping, expansion, or additional amenities.
Convenient Location: Strategically located near schools and shopping centers, offering excellent accessibility and convenience for daily needs.
Value-Add Opportunity: Described as 'full of potential and opportunity,' this property is ideal for buyers looking to customize and increase equity through renovations.
Established Neighborhood: Built in 1979, the home is situated in a mature and likely stable residential neighborhood.
Cons
Significant Price Discrepancy: The listing price of $546,900 is considerably higher than the estimated property value of $383,625.895, which may impact buyer interest and marketability.
Age of Property: Built in 1979, the home is over 40 years old, suggesting potential for outdated systems, finishes, or a need for significant renovations to meet modern standards.
Modest Interior Square Footage: At 1152 sqft, the interior living space is relatively small, especially given the expansive lot size, which might not appeal to buyers seeking more spacious homes.