5844 Montgomery Street, Riverside, California 92503, Riverside, 92503 - 3 bed, 2 bath
ACTIVE$400,000
5844 Montgomery Street, Riverside, California 92503
3Beds
2Baths
1,200Sqft
9,583Lot
Price Vs. Estimate
The estimated value ($400,000) is $0 (0%) lower than the list price ($400,000). This property may be overpriced.
Key pros and cons
Top Pros:
Large Lot Size: The property boasts a sizable 9,583 sqft lot, offering ample space for outdoor activities, gardening, or potential expansion.
Top Cons:
Eviction in Process: The ongoing eviction process introduces uncertainty and potential delays for the buyer, requiring patience and legal navigation.
Compared to the nearby listings
Price:$400.0K vs avg $665.0K ($-265,000)1%
Size:1,200 sqft vs avg 1,687 sqft21%
Price/sqft:$333 vs avg $38331%
More Insights
Built in 1954 (71 years old).
Condition: The property was built in 1954 and the description indicates unpermitted work. The images show deferred maintenance and an overall unkempt appearance. While the listing mentions newer A/C and plumbing less than 6 years ago, the overall condition suggests substantial repairs are needed. The eviction process and unpermitted work further contribute to the 'poor' condition assessment.
Year Built
1954
Close
-
List price
$400K
Original List price
$450K
Price/Sqft
$333
HOA
-
Days on market
-
Sold On
-
MLS number
CV24142730
Home ConditionPoor
Features
View-
About this home
Drive by for now. Eviction in process however seller is tired of the tenant's games! Take it and deal the eviction completion. Judge has denied spousal probate and court ordered lock out July 23rd and postponed as of today. The home has an unpermitted bedroom and bathroom garage conversion. Tax roll shows 2 bedroom and 1 bath. The home is actually 3 bedrooms and 2 bathrooms with an estimated square footage of 1100-1200 built in a workman like manner. Seller updated home with newer A/C and plumbing less than 6 years ago. There is so much room to add square footage to or add an ADU in rear yard.
Condition Rating
Poor
The property was built in 1954 and the description indicates unpermitted work. The images show deferred maintenance and an overall unkempt appearance. While the listing mentions newer A/C and plumbing less than 6 years ago, the overall condition suggests substantial repairs are needed. The eviction process and unpermitted work further contribute to the 'poor' condition assessment.
Pros & Cons
Pros
Large Lot Size: The property boasts a sizable 9,583 sqft lot, offering ample space for outdoor activities, gardening, or potential expansion.
Potential for ADU: The large rear yard provides a great opportunity to add an Accessory Dwelling Unit (ADU), increasing rental income or providing space for extended family.
Updated Systems: The seller has updated the home with newer A/C and plumbing within the last 6 years, reducing the likelihood of immediate major repairs.
Below Market Value: The price reduction from $450,000 to $400,000 presents an opportunity for buyers to acquire the property at a potentially discounted rate.
Added Living Space: The unpermitted garage conversion adds an estimated 400 sqft of living space (bedroom and bathroom), increasing the functionality of the home.
Cons
Eviction in Process: The ongoing eviction process introduces uncertainty and potential delays for the buyer, requiring patience and legal navigation.
Unpermitted Construction: The unpermitted bedroom and bathroom garage conversion may present challenges with permits, inspections, and potential code violations, requiring remediation.
Inaccurate Tax Roll Information: The tax roll indicates 2 bedrooms and 1 bath, while the property actually has 3 bedrooms and 2 baths, potentially affecting property taxes and future resale value if not properly addressed.