6979 Palm Court, Riverside, California 92506, Riverside, 92506 - 2 bed, 1 bath
ACTIVE$319,000
6979 Palm Court, Riverside, California 92506
2Beds
1Bath
913Sqft
1,307Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Prime Location & Accessibility: Situated in the highly desirable Magnolia Center, offering quick access to the 91 Expressway for commuters and just minutes from Riverside Plaza for extensive shopping, dining, and entertainment options.
Top Cons:
Property Age: Built in 1959, the property is over 60 years old, which may suggest older infrastructure, potential for deferred maintenance, or a need for updates to modern standards.
Compared to the nearby listings
Price:$319.0K vs avg $395.0K ($-76,000)44%
Size:913 sqft vs avg 1,208 sqft13%
Price/sqft:$349 vs avg $33069%
More Insights
Built in 1959 (66 years old).
Condition: Despite being built in 1959, this condo unit presents as move-in ready due to significant interior renovations. The kitchen features modern dark cabinetry and stainless steel appliances, and the bathroom has been updated with a contemporary vanity and subway tile shower surround. Laminate wood flooring, recessed lighting, and fresh paint throughout the living areas and bedroom indicate extensive updates, likely within the last 5-15 years, bringing the unit's condition to a 'Good' standard.
Year Built
1959
Close
-
List price
$319K
Original List price
$329K
Price/Sqft
$349
HOA
$402
Days on market
-
Sold On
-
MLS number
IV25247658
Home ConditionGood
Features
Pool
Spa
View-
About this home
Welcome to this charming 2-bedroom, 1bathroom condo in the highly desirable Magnolia Center of Riverside! This home is perfect for first-time buyers or those looking for an affordable yet well-located property in the Inland Empire. The community is packed with great amenities, including a pool and spa, a secure gated entrance, and underground assigned parking, with additional parking and storage units available. Convenience is key with this home! You’ll be less than three minutes from the 91 Expressway, making commuting a breeze, and just five minutes from Riverside Plaza, where you’ll find shopping, dining, and entertainment options.
Condition Rating
Good
Despite being built in 1959, this condo unit presents as move-in ready due to significant interior renovations. The kitchen features modern dark cabinetry and stainless steel appliances, and the bathroom has been updated with a contemporary vanity and subway tile shower surround. Laminate wood flooring, recessed lighting, and fresh paint throughout the living areas and bedroom indicate extensive updates, likely within the last 5-15 years, bringing the unit's condition to a 'Good' standard.
Pros & Cons
Pros
Prime Location & Accessibility: Situated in the highly desirable Magnolia Center, offering quick access to the 91 Expressway for commuters and just minutes from Riverside Plaza for extensive shopping, dining, and entertainment options.
Comprehensive Community Amenities: The community provides a robust suite of amenities including a pool, spa, secure gated entrance, and underground assigned parking, enhancing lifestyle and security for residents.
Ideal for First-Time Buyers/Affordability: Positioned as an affordable and well-located option, making it highly attractive to first-time homebuyers or those seeking value in the Inland Empire market.
Recent Price Adjustment: A recent price reduction from $329,000 to $319,000 indicates potential value and seller motivation, which can be a strong draw for prospective buyers.
Secure & Convenient Parking: Features secure gated entrance and underground assigned parking, along with additional parking and storage units, addressing common urban living concerns.
Cons
Property Age: Built in 1959, the property is over 60 years old, which may suggest older infrastructure, potential for deferred maintenance, or a need for updates to modern standards.
Single Bathroom Configuration: With 2 bedrooms and only 1 bathroom, this layout might be less appealing or inconvenient for certain buyer demographics, such as small families or those who prefer more private facilities.
Significant Monthly Association Fee: A monthly association fee of $402.0 adds a substantial recurring cost to homeownership, which could impact overall affordability and budget planning for potential buyers.