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5631 Walter Street, Riverside, California 92504, Riverside, 92504 - 3 bed, 2 bath

5631 Walter Street, Riverside, California 92504 home-pic-0
ACTIVE$580,000
5631 Walter Street, Riverside, California 92504
3Beds
2Baths
1,038Sqft
6,970Lot

Price Vs. Estimate

The estimated value ($296,354.235) is $283,645.765 (48%) lower than the list price ($580,000). This property may be overpriced.

Key pros and cons

Top Pros:
Prime Location & Accessibility: The property boasts excellent proximity to major shopping centers (Riverside Plaza, Tyler Mall), essential services (hospitals), downtown Riverside, and offers easy access to Freeways 91 and 60, enhancing convenience for residents.
Top Cons:
Lack of Central Air Conditioning: The property description does not mention central air conditioning, which is a significant comfort feature in Riverside's climate and a common upgrade found in many comparable, recently sold homes.

Compared to the nearby listings

Price:$580.0K vs avg $628.5K ($-48,500)29%
Size:1,038 sqft vs avg 1,586.5 sqft9%
Price/sqft:$559 vs avg $41293%

More Insights

Built in 1953 (72 years old).
Condition: Built in 1953, this home has received some updates such as double-paned windows, modern-looking flooring, and recessed lighting in living areas and bedrooms. However, the listing description explicitly notes 'Potential for Interior Modernization' for the kitchen and bathrooms, and 'Lack of Central Air Conditioning,' which are significant factors. The absence of images for the kitchen and bathrooms further suggests they are likely dated. While maintained, major components like the kitchen, bathrooms, and HVAC show signs of being outdated and require substantial updates to meet modern standards, aligning with a 'Fair' condition.
Year Built
1953
Close
-
List price
$580K
Original List price
$580K
Price/Sqft
$559
HOA
-
Days on market
-
Sold On
-
MLS number
PW25138911
Home ConditionFair
Features
Patio
ViewNeighborhood

About this home

Welcome to Riversides Walter avenue This 3 bedroom 2 bath home has great curb appeal with a gorgeous landscaped front yard. The carport is perfectly situated in the front for easy access. The concrete driveway has plenty of additional parking spaces. The fenced in backyard has a covered patio for those hot summer days , great for relaxation and entertaining family and friends. All windows are double paned. The home is conveniently located near major shopping centers and stores such as the Riverside Plaza Tyler Mall, Stater Brothers, and Staples. It is close to downtown Riverside, public Park, an, Parkview Hospital, and Kaiser Permanente Hospital. The home has easy access to Freeway 91 towards San Bernardino or Orange County and Freeway 60 towards Ontario or Moreno Valley. It is also close to Riverside Public Libraries, Colleges, and Universities such as Riverside Community College, California Baptist University, and La Sierra University. This is a great home to make your own.

Condition Rating
Fair
Built in 1953, this home has received some updates such as double-paned windows, modern-looking flooring, and recessed lighting in living areas and bedrooms. However, the listing description explicitly notes 'Potential for Interior Modernization' for the kitchen and bathrooms, and 'Lack of Central Air Conditioning,' which are significant factors. The absence of images for the kitchen and bathrooms further suggests they are likely dated. While maintained, major components like the kitchen, bathrooms, and HVAC show signs of being outdated and require substantial updates to meet modern standards, aligning with a 'Fair' condition.
Pros & Cons

Pros

Prime Location & Accessibility: The property boasts excellent proximity to major shopping centers (Riverside Plaza, Tyler Mall), essential services (hospitals), downtown Riverside, and offers easy access to Freeways 91 and 60, enhancing convenience for residents.
Educational Hub Proximity: Its close proximity to multiple colleges and universities (Riverside Community College, California Baptist University, La Sierra University) makes it highly appealing for students, faculty, or as a potential rental investment.
Strong Curb Appeal & Outdoor Living: Features a gorgeous landscaped front yard, a convenient carport, ample additional parking, and a fenced backyard with a covered patio, ideal for relaxation and entertaining.
Energy Efficient Windows: All windows are double-paned, contributing to improved insulation, reduced noise, and potentially lower energy costs for heating and cooling.
Generous Lot Size: With a 6970 sqft lot, the property offers ample outdoor space for various uses, including potential for gardening, recreation, or future expansion.

Cons

Lack of Central Air Conditioning: The property description does not mention central air conditioning, which is a significant comfort feature in Riverside's climate and a common upgrade found in many comparable, recently sold homes.
Potential for Interior Modernization: While well-maintained, the description implies the home is a 'great home to make your own,' suggesting that interior finishes, kitchen, and bathrooms may be dated and require significant updates to meet modern buyer expectations, unlike many recently remodeled comparables.
Older Infrastructure: Built in 1953, the property may have original or older major systems (e.g., plumbing, electrical, roof) that could require substantial investment for upgrades or maintenance in the near future, which is not explicitly addressed in the description.

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