6952 Coolidge Avenue, Riverside, California 92506, Riverside, 92506 - 4 bed, 3 bath
ACTIVE$739,999
6952 Coolidge Avenue, Riverside, California 92506
4Beds
3Baths
1,967Sqft
21,780Lot
Price Vs. Estimate
The estimated value ($739,999) is $0 (0%) lower than the list price ($739,999). 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 = 21780, living area = 1967.
Top Cons:
Multiple Price Reductions: The property has experienced several price reductions from its original list price of $810,000 to $739,999, which may suggest initial overpricing or challenges in market appeal.
Compared to the nearby listings
Price:$740.0K vs avg $728.8K (+$11,174)52%
Size:1,967 sqft vs avg 1,954 sqft50%
Price/sqft:$376 vs avg $38640%
More Insights
Built in 1926 (99 years old).
Condition: Despite being built in 1926, the property has undergone an extensive and recent renovation, as stated in the description ('Almost entire home has been remodeled. New kitchen in the main house.') and clearly visible in the images. The main house and additional units feature modern LVP flooring throughout, fresh paint, recessed lighting, and updated mini-split AC units. The kitchen boasts contemporary gray shaker cabinets, light countertops, and a stainless steel sink, while the bathrooms are updated with modern vanities, fixtures, and subway tile showers. All visible components appear new or virtually new, meeting current quality standards with no deferred maintenance, making it move-in ready.
Year Built
1926
Close
-
List price
$740K
Original List price
$810K
Price/Sqft
$376
HOA
-
Days on market
-
Sold On
-
MLS number
IV25166553
Home ConditionExcellent
Features
Patio
View-
About this home
There is no other home like it in the area. 1/2 acre lot with two added units to original home. All have a separate entrance. The quiet neighborhood is ideal for the small to large family. Almost entire home has been remodeled. New kitchen in the main house. So much room for family and even more for entertaining. Add a pool or another ADU or two. Check with city but this lot is large. Not much to do but move in and invite your friends and family over. Be careful, this place is so nice they may want to move in. Come see the open space and he mature trees and landscaping. Its perfect for multi-generational family, or a small one who wants extra income.
Condition Rating
Excellent
Despite being built in 1926, the property has undergone an extensive and recent renovation, as stated in the description ('Almost entire home has been remodeled. New kitchen in the main house.') and clearly visible in the images. The main house and additional units feature modern LVP flooring throughout, fresh paint, recessed lighting, and updated mini-split AC units. The kitchen boasts contemporary gray shaker cabinets, light countertops, and a stainless steel sink, while the bathrooms are updated with modern vanities, fixtures, and subway tile showers. All visible components appear new or virtually new, meeting current quality standards with no deferred maintenance, making it move-in ready.
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 = 21780, living area = 1967.
Income-Generating Potential: The property includes two additional units with separate entrances, offering significant potential for rental income or accommodating multi-generational living arrangements.
Expansive Lot with Development Opportunity: Situated on a generous half-acre lot (21,780 sqft), there is ample space for adding a pool, additional Accessory Dwelling Units (ADUs), or extensive landscaping, subject to city approval.
Extensively Remodeled & Modernized: The home has undergone significant remodeling, including a new kitchen in the main house, providing a modern and updated living environment for immediate occupancy.
Turnkey & Move-in Ready: Described as having 'not much to do but move in,' the property offers a hassle-free transition for new owners, minimizing immediate renovation costs or efforts.
Desirable Neighborhood & Mature Grounds: Located in a quiet neighborhood with mature trees and landscaping, enhancing curb appeal and providing a serene living environment.
Cons
Multiple Price Reductions: The property has experienced several price reductions from its original list price of $810,000 to $739,999, which may suggest initial overpricing or challenges in market appeal.
Historic Property Considerations: Built in 1926, while largely remodeled, an older home may still present inherent maintenance challenges or require updates to systems not covered by cosmetic renovations.
Absence of Scenic Views: The property description explicitly states 'view: None,' which could be a disadvantage for buyers prioritizing scenic vistas or panoramic outlooks.