5623 Montgomery, Riverside, California 92503, Riverside, 92503 - 3 bed, 2 bath
ACTIVE$450,000$1,196/sqft
Est. Value: $429,287
-4%
AboveEstimate
5623 Montgomery, Riverside, California 92503
3Beds
2Baths
1,196Sqft
7,405Lot
Price Vs. Estimate
The estimated value ($429,287.305) is $20,712.695 (4%) lower than the list price ($450,000). 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 = 7405, living area = 1196.
Top Cons:
Extensive Renovation Required: Explicitly described as a 'complete fixer-upper,' necessitating substantial capital investment and time for repairs and upgrades across the entire property.
Compared to the nearby listings
Price:$450.0K vs avg $679.0K ($-229,000)2%
Size:1,196 sqft vs avg 1,759 sqft19%
Price/sqft:$376 vs avg $38149%
More Insights
Built in 1959 (67 years old).
Condition: Built in 1959, this property is explicitly described as a 'complete fixer-upper' requiring 'extensive renovation' with 'immediate livability concerns.' The images confirm this, showing a severely outdated kitchen with old appliances and missing cabinet components, one bathroom completely gutted to the studs, and another with unfinished walls and basic, low-quality updates. Flooring is inconsistent and often damaged, with exposed subfloor in the hallway. Windows are boarded, and the overall condition suggests significant deferred maintenance and potential issues with major systems. It is not immediately livable and requires substantial capital investment to bring it to a functional and safe standard.
Year Built
1959
Close
-
List price
$450K
Original List price
$450K
Price/Sqft
$376
HOA
-
Days on market
-
Sold On
-
MLS number
IV26005806
Home ConditionPoor
Features
Patio
View-
About this home
Investor Special! This Riverside property is a complete fixer-upper with tons of potential. Perfect for investors, flippers, or anyone looking for a project. Bring your vision and transform this home into something amazing.
P
PETER QUESADA
Listing Agent
Condition Rating
Poor
Built in 1959, this property is explicitly described as a 'complete fixer-upper' requiring 'extensive renovation' with 'immediate livability concerns.' The images confirm this, showing a severely outdated kitchen with old appliances and missing cabinet components, one bathroom completely gutted to the studs, and another with unfinished walls and basic, low-quality updates. Flooring is inconsistent and often damaged, with exposed subfloor in the hallway. Windows are boarded, and the overall condition suggests significant deferred maintenance and potential issues with major systems. It is not immediately livable and requires substantial capital investment to bring it to a functional and safe standard.
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 = 7405, living area = 1196.
High Investment Potential: Clearly marketed as an 'Investor Special' and 'fixer-upper,' indicating significant upside for renovation and resale or rental income.
Desirable Bed/Bath Configuration: The 3-bedroom, 2-bathroom layout is highly sought after by families, enhancing its marketability once fully renovated.
Generous Lot Size: The 7,405 sqft lot provides ample space for potential expansion, landscaping, or adding outdoor living features, increasing its value.
Established Riverside Location: Situated in Riverside, a growing Southern California city, offering potential for property value appreciation and a strong rental market.
Blank Canvas for Customization: The 'fixer-upper' status allows a buyer to completely customize the property to modern tastes and standards, maximizing future appeal and value.
Cons
Extensive Renovation Required: Explicitly described as a 'complete fixer-upper,' necessitating substantial capital investment and time for repairs and upgrades across the entire property.
Outdated Systems Likely: Built in 1959, the property is highly probable to have original or outdated electrical, plumbing, and HVAC systems, requiring costly replacements to meet current standards.
Immediate Livability Concerns: The 'fixer-upper' status suggests the property may not be immediately habitable or comfortable, requiring significant work before occupancy or rental.