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5571 Magnolia Avenue, Riverside, California 92506, Riverside, 92506 - 3 bed, 1 bath

5571 Magnolia Avenue, Riverside, California 92506 home-pic-0
ACTIVE$635,000
5571 Magnolia Avenue, Riverside, California 92506
3Beds
1Bath
1,404Sqft
10,454Lot

Price Vs. Estimate

The estimated value ($635,000) is $0 (0%) lower than the list price ($635,000). This property may be overpriced.

Key pros and cons

Top 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 = 10454, living area = 1404.
Top Cons:
Single Bathroom for Three Bedrooms: With three bedrooms, the presence of only one bathroom may be a significant functional limitation for families or multiple occupants.

Compared to the nearby listings

Price:$635.0K vs avg $727.6K ($-92,597)29%
Size:1,404 sqft vs avg 1,935 sqft24%
Price/sqft:$452 vs avg $38678%

More Insights

Built in 1912 (113 years old).
Condition: Despite being built in 1912, this Craftsman Bungalow has undergone recent and extensive renovations to its most critical areas. The kitchen features newer cabinetry, quartz countertops, stainless steel appliances, and modern lighting, while the bathroom boasts a large modern shower, dual sinks, and chic tile. New wood laminate flooring is present throughout the living areas and bedrooms. The property successfully blends historic charm with contemporary updates, making it move-in ready with no immediate renovations required, aligning with a 'Good' condition score.
Year Built
1912
Close
-
List price
$635K
Original List price
$679K
Price/Sqft
$452
HOA
-
Days on market
-
Sold On
-
MLS number
CV25145157
Home ConditionGood
Features
View-

About this home

Welcome to this one-of-a-kind Classic Craftsman Bungalow nestled in the beautiful "Wood" street neighborhood- a rare gem that seamlessly combines timeless character with contemporary updates. Step inside and fall in love with the exceptional craftsmanship, stunning details, and inviting spaces that make this home truly shine. Enjoy a recently remodeled gourmet kitchen featuring elegant newer cabinetry, a sleek quartz island, stainless steel appliances, stylish lighting, and waterproof wood laminate floors that extend into the spacious living area and all bedrooms. The original 1912 windows flood the home with natural light while preserving its authentic charm. Relax in the cozy living room, perfect for gatherings or quiet evenings. The bathroom was recently updated, showcasing a large modern shower, dual venetian sinks, chic tile flooring and designer fixtures. Entertain family and friends in the expansive, private backyard. The yard is perfect for an ADU, Garage, Pool or all three. This exquisite Craftsman offers the best of both worlds: the warmth and character of a historic home paired with modern updates for today's lifestyle. Don't miss this rare opportunity to own a piece of history that's move-in ready and waiting for you. Just minutes from RCC, hospital, shopping, and freeways!

Nearby schools

6/10
Pachappa Elementary School
Public,•PK-6•0.6mi
5/10
Alcott Elementary School
Public,•K-6•1.6mi
5/10
Bryant Elementary School
Public,•K-6•1.9mi
2/10
Central Middle School
Public,•7-8•0.6mi
4/10
Sierra Middle School
Public,•7-8•1.4mi
7/10
Polytechnic High School
Public,•9-12•1.4mi
5/10
Ramona High School
Public,•9-12•2.3mi
Condition Rating
Good
Despite being built in 1912, this Craftsman Bungalow has undergone recent and extensive renovations to its most critical areas. The kitchen features newer cabinetry, quartz countertops, stainless steel appliances, and modern lighting, while the bathroom boasts a large modern shower, dual sinks, and chic tile. New wood laminate flooring is present throughout the living areas and bedrooms. The property successfully blends historic charm with contemporary updates, making it move-in ready with no immediate renovations required, aligning with a 'Good' condition score.
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 = 10454, living area = 1404.
Historic Charm & Modern Updates: This Classic Craftsman Bungalow seamlessly blends its original 1912 character and exceptional craftsmanship with contemporary updates, offering a unique and inviting living experience.
Remodeled Gourmet Kitchen: The home features a recently remodeled gourmet kitchen with elegant newer cabinetry, a sleek quartz island, stainless steel appliances, stylish lighting, and waterproof wood laminate floors, providing a modern and functional space.
Updated Bathroom: The bathroom has been recently updated with a large modern shower, dual Venetian sinks, chic tile flooring, and designer fixtures, enhancing comfort and aesthetic appeal.
Expansive Backyard with Development Potential: The property boasts an expansive and private backyard, offering significant potential for an Accessory Dwelling Unit (ADU), garage, pool, or a combination, adding future value and versatility.
Prime Location & Accessibility: Nestled in the desirable 'Wood' street neighborhood, the home is minutes from RCC, hospitals, shopping, and major freeways, providing excellent convenience and connectivity.

Cons

Single Bathroom for Three Bedrooms: With three bedrooms, the presence of only one bathroom may be a significant functional limitation for families or multiple occupants.
Lack of Mentioned Cooling System: The property description does not mention a cooling system (e.g., central air conditioning), which could be a drawback during warmer months in California.
Recent Price Reduction: The property has undergone a recent price reduction from $678,888 to $635,000, which could indicate initial overpricing or challenges in attracting buyers at the higher price point.

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