7042 Rainbow Court, Riverside, California 92506, Riverside, 92506 - 3 bed, 2 bath
ACTIVE$659,900
7042 Rainbow Court, Riverside, California 92506
3Beds
2Baths
2,034Sqft
6,534Lot
Price Vs. Estimate
The estimated value ($280,875.255) is $379,024.745 (57%) lower than the list price ($659,900). This property may be overpriced.
Key pros and cons
Top Pros:
Prime Location & Accessibility: The property boasts a prime location on a cul-de-sac with easy access to the 91 Fwy, Riverside Plaza, Downtown, RCC, CBU, and Metrolink, plus it's within walking distance to shopping.
Top Cons:
Age of Property & Potential for Outdated Systems: Built in 1959, the property may have original or older systems (e.g., electrical, plumbing, HVAC) that could require future maintenance or upgrades, as no comprehensive system updates are explicitly mentioned.
Compared to the nearby listings
Price:$659.9K vs avg $727.6K ($-67,697)33%
Size:2,034 sqft vs avg 1,954 sqft54%
Price/sqft:$324 vs avg $38614%
More Insights
Built in 1959 (66 years old).
Condition: Built in 1959, this home is well-maintained and functional, but the interior, particularly the kitchen and bathrooms, shows significant signs of being outdated. The kitchen features older white appliances mixed with a newer stainless steel range, dated countertops, and backsplash. Bathrooms have older tile work and fixtures. Popcorn ceilings and a mix of older and newer, but not cohesive, flooring (tile, wood-look tile, blue carpet) contribute to an aged aesthetic. While move-in ready, it requires cosmetic updates to meet current standards, aligning with the 'Fair' condition criteria.
Year Built
1959
Close
-
List price
$660K
Original List price
$660K
Price/Sqft
$324
HOA
-
Days on market
-
Sold On
-
MLS number
IV25123743
Home ConditionFair
Features
Patio
ViewHills, Neighborhood
About this home
Now For Sale! Single Story Home, located on a culdesac in a prime location! Easy access to the 91 fwy, just a few minutes to Riverside Plaza, Downtown, RCC, CBU and the Metrolink. Walking distance to shopping! Wonderful kitchen with breakfast bar, an additional dining area open to the kitchen and sliding glass door with backyard access. Great floorplan with living room and family room with a wood-burning fireplace. Spacious backyard- enjoy barbeques and cool summer nights under your covered patio! Other key features are the bonus room, conveniently located adjacent to the carport. Don’t wait to make this home yours! Schedule a showing!
Condition Rating
Fair
Built in 1959, this home is well-maintained and functional, but the interior, particularly the kitchen and bathrooms, shows significant signs of being outdated. The kitchen features older white appliances mixed with a newer stainless steel range, dated countertops, and backsplash. Bathrooms have older tile work and fixtures. Popcorn ceilings and a mix of older and newer, but not cohesive, flooring (tile, wood-look tile, blue carpet) contribute to an aged aesthetic. While move-in ready, it requires cosmetic updates to meet current standards, aligning with the 'Fair' condition criteria.
Pros & Cons
Pros
Prime Location & Accessibility: The property boasts a prime location on a cul-de-sac with easy access to the 91 Fwy, Riverside Plaza, Downtown, RCC, CBU, and Metrolink, plus it's within walking distance to shopping.
Single-Story Layout: As a single-story home, it offers broad appeal for various demographics, including those seeking accessibility or a simpler living arrangement.
Functional & Spacious Interior: The home features a great floorplan with distinct living and family rooms, a wood-burning fireplace, and a kitchen with a breakfast bar and an additional dining area.
Outdoor Entertainment Space: A spacious backyard with a covered patio provides an ideal setting for outdoor entertaining, barbecues, and enjoying cool summer nights.
Versatile Bonus Room: The inclusion of a bonus room adjacent to the carport adds valuable flexible space that can be adapted for various uses, such as an office or hobby room.
Cons
Age of Property & Potential for Outdated Systems: Built in 1959, the property may have original or older systems (e.g., electrical, plumbing, HVAC) that could require future maintenance or upgrades, as no comprehensive system updates are explicitly mentioned.
Carport vs. Enclosed Garage: The property features a carport rather than a fully enclosed garage, which may be less desirable for buyers seeking enhanced security, storage, or protection for their vehicles.
Significant Price Discrepancy: The listing price of $659,900 is substantially higher than the provided property estimation value of $280,875, indicating a potential overpricing issue or a significant data discrepancy that warrants further investigation.