6979 Palm 331j, Riverside, California 92506, Riverside, 92506 - 2 bed, 2 bath
ACTIVE$290,000
6979 Palm 331j, Riverside, California 92506
2Beds
2Baths
1,005Sqft
1,307Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Strategic Location: The property boasts easy access to the freeway, schools, and shopping, situated in the heart of Riverside, offering significant convenience for residents.
Top Cons:
Building Age: Built in 1959, the property's age may raise concerns about the condition of original infrastructure and potential for future maintenance or special assessments.
Compared to the nearby listings
Price:$290.0K vs avg $395.0K ($-105,000)25%
Size:1,005 sqft vs avg 1,208 sqft25%
Price/sqft:$289 vs avg $32131%
More Insights
Built in 1959 (66 years old).
Condition: The property, built in 1959, has received cosmetic updates such as laminate flooring, newer kitchen appliances, and recently painted kitchen cabinets, making it 'move-in ready' as described. However, the overall aesthetic, including popcorn ceilings and basic light fixtures, indicates that it has not undergone a comprehensive modern renovation. The bathroom features a basic vanity and fixtures, suggesting a refresh rather than a full update. While maintained, the age of the building and the lack of specified updates to major systems (HVAC, plumbing, electrical) prevent it from achieving a 'Good' rating. It fits the 'Fair' criteria of an aged home that is maintained through regular upkeep and occasional updates, with major components functional but showing signs of being outdated.
Year Built
1959
Close
-
List price
$290K
Original List price
$300K
Price/Sqft
$289
HOA
$437
Days on market
-
Sold On
-
MLS number
IV25228237
Home ConditionFair
Features
Good View: Pool
Deck
Pool
ViewPool
About this home
PRICE IMPROVEMENT! Great Community In the Heart of Riverside. Easy access to the Freeway, close to schools and shopping. Unit on 3rd Floor With Elevator Access. Step Into A Roomy And Move-In Ready Unit With Laminate Floors, Kitchen With Newer Appliances, And Recently Painted Kitchen Cabinets. Counters Next To The Refrigerator Open To The Living Room. The Large Wall-to-Wall Windows/Sliding Doorway Provide Plenty of Natural Light To Fill The Condo And Provide An Amazing View of The Pool. Don't Miss This Property!
Condition Rating
Fair
The property, built in 1959, has received cosmetic updates such as laminate flooring, newer kitchen appliances, and recently painted kitchen cabinets, making it 'move-in ready' as described. However, the overall aesthetic, including popcorn ceilings and basic light fixtures, indicates that it has not undergone a comprehensive modern renovation. The bathroom features a basic vanity and fixtures, suggesting a refresh rather than a full update. While maintained, the age of the building and the lack of specified updates to major systems (HVAC, plumbing, electrical) prevent it from achieving a 'Good' rating. It fits the 'Fair' criteria of an aged home that is maintained through regular upkeep and occasional updates, with major components functional but showing signs of being outdated.
Pros & Cons
Pros
Strategic Location: The property boasts easy access to the freeway, schools, and shopping, situated in the heart of Riverside, offering significant convenience for residents.
Move-in Ready Condition: The unit features laminate floors, newer kitchen appliances, and recently painted kitchen cabinets, making it ready for immediate occupancy with modern touches.
Elevator Access & Upper Floor: Located on the 3rd floor with convenient elevator access, providing ease of entry and potentially better views or reduced noise compared to lower units.
Abundant Natural Light & Pool View: Large wall-to-wall windows and a sliding doorway ensure plenty of natural light throughout the condo, complemented by an appealing view of the community pool.
Recent Price Improvement: A recent price reduction from $300,000 to $290,000 indicates a motivated seller and potentially a more attractive value proposition for buyers.
Cons
Building Age: Built in 1959, the property's age may raise concerns about the condition of original infrastructure and potential for future maintenance or special assessments.
Significant Monthly Association Fee: A monthly association fee of $437.0 represents a substantial recurring cost that buyers must factor into their long-term budget.
Unspecified Major System Updates: While cosmetic updates are mentioned, the description lacks details on updates to critical systems such as HVAC, plumbing, or electrical, which could be original to the 1959 construction and require future investment.