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587 W Blaine Street, Riverside, California 92507, Riverside, 92507 - 3 bed, 2 bath

587 W Blaine Street, Riverside, California 92507 home-pic-0
ACTIVE$589,999
587 W Blaine Street, Riverside, California 92507
3Beds
2Baths
1,899Sqft
9,583Lot

Price Vs. Estimate

The estimated value ($492,745.69) is $97,253.31 (16%) lower than the list price ($589,999). 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 = 9583, living area = 1899.
Top Cons:
Extensive Interior Updates Required: The property explicitly requires significant interior updates, including kitchen and bath remodels, new flooring, fresh paint, and modern appliances, indicating a substantial investment for modernization.

Compared to the nearby listings

Price:$590.0K vs avg $650.0K ($-60,001)25%
Size:1,899 sqft vs avg 1,854 sqft54%
Price/sqft:$311 vs avg $35831%

More Insights

Built in 1956 (69 years old).
Condition: Built in 1956, this property explicitly requires 'extensive interior updates' including kitchen and bath remodels, new flooring, fresh paint, and modern appliances. The images confirm very dated conditions in the utility area (suggesting the main kitchen is similar) and the bathroom, which features an old tub/shower combo and basic fixtures. While the exterior has been painted and some flooring updated, the core living spaces, particularly the kitchen and bathrooms, are significantly outdated and necessitate substantial rehabilitation, aligning with the 'poor' condition criteria.
Year Built
1956
Close
-
List price
$590K
Original List price
$590K
Price/Sqft
$311
HOA
-
Days on market
-
Sold On
-
MLS number
GD25255305
Home ConditionPoor
Features
ViewNeighborhood

About this home

Beautifully Priced and Ideally Located! Situated in one of Riverside's most desirable neighborhoods, this charming single-family home offers incredible potential and a prime location near the University of California, Riverside, local schools, shopping, and convenient freeway access. This is a fantastic opportunity for buyers seeking a home to make their own or investors looking for their next project. The home features 3 spacious bedrooms and 2 bathrooms, a cozy living room with a fireplace, a dedicated dining area that flows into the kitchen and laundry room, and a large family room perfect for gatherings. The seller has recently painted the exterior and added new flooring in select areas, providing a great start for future renovations. With some interior updates, such as kitchen and bath remodels, new flooring, fresh paint, and modern appliances, this home has all the makings of a true gem. The generous backyard, shaded by mature trees, offers the perfect space to relax and enjoy the outdoors, while the attached 2-car garage provides everyday convenience.

Price History

Date
Event
Price
01/09/15
Sold
$280,000
08/05/05
Sold
$375,000
10/07/03
Sold
$488,000
07/09/03
Sold
$320,000
Condition Rating
Poor
Built in 1956, this property explicitly requires 'extensive interior updates' including kitchen and bath remodels, new flooring, fresh paint, and modern appliances. The images confirm very dated conditions in the utility area (suggesting the main kitchen is similar) and the bathroom, which features an old tub/shower combo and basic fixtures. While the exterior has been painted and some flooring updated, the core living spaces, particularly the kitchen and bathrooms, are significantly outdated and necessitate substantial rehabilitation, aligning with the 'poor' condition criteria.
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 = 9583, living area = 1899.
Prime Location: Situated in one of Riverside's most desirable neighborhoods, offering excellent proximity to the University of California, Riverside, local schools, shopping, and convenient freeway access.
Renovation & Investment Potential: Presents a fantastic opportunity for buyers seeking to customize a home or investors looking for a value-add project, with clear potential for significant equity growth through interior updates.
Spacious & Functional Layout: Features 3 spacious bedrooms, 2 bathrooms, a cozy living room with a fireplace, a dedicated dining area, and a large family room, providing ample and versatile living space.
Generous Outdoor Space: Boasts a generous 9,583 sqft lot with a large, shaded backyard, offering an ideal space for relaxation and outdoor activities.
Recent Exterior Updates: The seller has recently painted the exterior and added new flooring in select areas, providing a refreshed curb appeal and a head start on renovations.

Cons

Extensive Interior Updates Required: The property explicitly requires significant interior updates, including kitchen and bath remodels, new flooring, fresh paint, and modern appliances, indicating a substantial investment for modernization.
Age of Property: Built in 1956, the home's age suggests that major systems (e.g., plumbing, electrical, HVAC) may be original and could require inspection, repair, or replacement in the near future.
Unspecified Cooling System: The property description does not mention the presence of a cooling system (e.g., central air conditioning), which could be a significant drawback and an additional cost for comfort in Riverside's climate.

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