5332 Walter Street, Riverside, California 92504, Riverside, 92504 - 3 bed, 2 bath
ACTIVE$575,000
5332 Walter Street, Riverside, California 92504
3Beds
2Baths
1,136Sqft
6,970Lot
Price Vs. Estimate
The estimated value ($340,504.345) is $234,495.655 (40%) lower than the list price ($575,000). This property may be overpriced.
Key pros and cons
Top Pros:
Desirable Location: Conveniently located near schools, shopping, and major freeways, offering excellent accessibility and daily convenience.
Top Cons:
Unpermitted ADU & Bathroom Discrepancy: The garage has been converted into an unpermitted ADU, which likely accounts for the discrepancy between the stated '1 bathroom' in the description and '2 baths' in the data. This presents significant legal, financial, and permitting risks for the buyer.
Compared to the nearby listings
Price:$575.0K vs avg $628.5K ($-53,500)27%
Size:1,136 sqft vs avg 1,586.5 sqft16%
Price/sqft:$506 vs avg $41285%
More Insights
Built in 1955 (70 years old).
Condition: The property was built in 1955, making it 69 years old. While described as 'well-maintained,' there is no information or imagery provided for the interior, specifically the kitchen and bathrooms. The lack of renovation details for a home of this age strongly suggests that these areas, along with other systems, are likely outdated and would require minor to moderate updates or repairs to meet modern standards. The unpermitted ADU also indicates potential issues that would need to be addressed.
Year Built
1955
Close
-
List price
$575K
Original List price
$600K
Price/Sqft
$506
HOA
-
Days on market
-
Sold On
-
MLS number
CV25148573
Home ConditionFair
Features
View-
About this home
Welcome to 5332 Walter Street, a charming single-story home nestled on a quiet residential street. This well-maintained property features 3 bedrooms and 1 bathroom. The spacious front yard, extended driveway, and mature shade tree add to the home’s curb appeal. Conveniently located near schools, shopping, and major freeways, this home offers both comfort and accessibility. Garage has been converted to an unpermitted ADU Buyer to take over existing tenants in place.
Condition Rating
Fair
The property was built in 1955, making it 69 years old. While described as 'well-maintained,' there is no information or imagery provided for the interior, specifically the kitchen and bathrooms. The lack of renovation details for a home of this age strongly suggests that these areas, along with other systems, are likely outdated and would require minor to moderate updates or repairs to meet modern standards. The unpermitted ADU also indicates potential issues that would need to be addressed.
Pros & Cons
Pros
Desirable Location: Conveniently located near schools, shopping, and major freeways, offering excellent accessibility and daily convenience.
Strong Curb Appeal: The property boasts a spacious front yard, extended driveway, and a mature shade tree, enhancing its inviting exterior.
Single-Story Layout: A charming single-story home design appeals to a wide range of buyers, including those seeking ease of access and low-maintenance living.
Generous Lot Size: With a 6,970 sqft lot, there is ample outdoor space for potential landscaping, recreation, or future expansion.
Price Adjustment: The list price has been reduced from $600,000 to $575,000, indicating potential for negotiation and seller motivation.
Cons
Unpermitted ADU & Bathroom Discrepancy: The garage has been converted into an unpermitted ADU, which likely accounts for the discrepancy between the stated '1 bathroom' in the description and '2 baths' in the data. This presents significant legal, financial, and permitting risks for the buyer.
Tenant Occupied Sale: The property is sold with existing tenants in place, complicating the transaction for owner-occupant buyers and requiring navigation of tenant rights and lease agreements.
Significant Valuation Gap: The current list price of $575,000 is substantially higher than the estimated property value of $340,504, which may deter buyers and create challenges with financing and appraisal.