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514 Massachusetts Avenue, Riverside, California 92507, Riverside, 92507 - 3 bed, 2 bath

514 Massachusetts Avenue, Riverside, California 92507 home-pic-0
ACTIVE$600,000
514 Massachusetts Avenue, Riverside, California 92507
3Beds
2Baths
1,420Sqft
8,276Lot

Price Vs. Estimate

The estimated value ($600,000) is $0 (0%) lower than the list price ($600,000). This property may be overpriced.

Key pros and cons

Top Pros:
Desirable Location: The property is strategically located minutes from UC Riverside, parks, trails, and major freeways, appealing to families, university professionals, and investors.
Top Cons:
Potential for Dated Interiors: While charming, the description of 'oak cabinets' in the kitchen and no mention of bathroom updates suggest these areas may require modernization to align with contemporary buyer preferences.

Compared to the nearby listings

Price:$600.0K vs avg $650.0K ($-50,000)29%
Size:1,420 sqft vs avg 1,854 sqft23%
Price/sqft:$423 vs avg $36473%

More Insights

Built in 1957 (68 years old).
Condition: This 1957-built home is move-in ready and well-maintained, benefiting from significant recent upgrades including refinished hardwood floors, central HVAC, and a newly plastered pool. While the kitchen features dated oak cabinets, laminate countertops, and an older built-in oven, and the bathrooms have older but clean tile and fixtures, these areas are functional and do not require immediate renovation. The property's major systems and key features have been updated, aligning with the 'Good' criteria of being well-maintained with functional systems and some updated components, despite not having undergone a full recent renovation of all aesthetic elements.
Year Built
1957
Close
-
List price
$600K
Original List price
$650K
Price/Sqft
$423
HOA
-
Days on market
-
Sold On
-
MLS number
IV25144939
Home ConditionGood
Features
Pool
Patio
View-

About this home

This charming single-story home at 514 Massachusetts Ave in Riverside offers classic mid-century appeal on a spacious 8,276 sq ft corner lot. With 3 bedrooms and 2 bathrooms across approximately 1,420 sq ft, the home features original hardwood floors, a brick fireplace, and vintage diamond-pane windows that add warmth and character. The bright living and dining areas flow seamlessly into a spacious kitchen equipped with oak cabinets, ample counter space, and views of the backyard—perfect for family living or entertaining. Recent upgrades include refinished hardwood floors, central HVAC, and a newly plastered pool, making the outdoor space ideal for summer relaxation. A detached garage offers potential for an ADU conversion, providing added flexibility for extended family or rental income. Located just minutes from UC Riverside, parks, trails, and major freeways, this property is ideal for families, university professionals, or investors looking for a well-located and versatile home with lasting charm.

Condition Rating
Good
This 1957-built home is move-in ready and well-maintained, benefiting from significant recent upgrades including refinished hardwood floors, central HVAC, and a newly plastered pool. While the kitchen features dated oak cabinets, laminate countertops, and an older built-in oven, and the bathrooms have older but clean tile and fixtures, these areas are functional and do not require immediate renovation. The property's major systems and key features have been updated, aligning with the 'Good' criteria of being well-maintained with functional systems and some updated components, despite not having undergone a full recent renovation of all aesthetic elements.
Pros & Cons

Pros

Desirable Location: The property is strategically located minutes from UC Riverside, parks, trails, and major freeways, appealing to families, university professionals, and investors.
Significant Recent Upgrades: Key updates include central HVAC, refinished hardwood floors, and a newly plastered pool, enhancing comfort and reducing immediate maintenance needs.
ADU Conversion Potential: A detached garage presents a valuable opportunity for an Accessory Dwelling Unit (ADU) conversion, offering potential rental income or flexible living arrangements.
Spacious Corner Lot with Pool: The generous 8,276 sq ft corner lot provides ample outdoor space and privacy, complemented by a refreshed swimming pool ideal for relaxation.
Classic Mid-Century Charm: The home retains its original character with features like hardwood floors, a brick fireplace, and vintage diamond-pane windows, offering unique aesthetic appeal.

Cons

Potential for Dated Interiors: While charming, the description of 'oak cabinets' in the kitchen and no mention of bathroom updates suggest these areas may require modernization to align with contemporary buyer preferences.
Age of Property: Built in 1957, the home's age, despite recent upgrades, could imply older underlying infrastructure (e.g., plumbing, electrical) that may require future attention or investment.
Modest Interior Square Footage: At approximately 1,420 sq ft, the interior living space, while functional, might be considered compact for some buyers, especially given the large lot size.

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