7050 Indiana Avenue, Riverside, California 92506, Riverside, 92506 - 2 bed, 2 bath
ACTIVE$750,000
7050 Indiana Avenue, Riverside, California 92506
2Beds
2Baths
1,530Sqft
21,344Lot
Price Vs. Estimate
The estimated value ($606,221.435) is $143,778.565 (19%) lower than the list price ($750,000). This property may be overpriced.
Key pros and cons
Top Pros:
Expansive Lot Size: A substantial 21,344 SF lot provides ample outdoor space, privacy, and potential for various uses or future expansion.
Top Cons:
Limited Bedroom/Bathroom Count: With only 2 bedrooms and 1.5 bathrooms for 1,530 SF, the property may not accommodate larger families or those requiring more private spaces.
Compared to the nearby listings
Price:$750.0K vs avg $728.8K (+$21,175)53%
Size:1,530 sqft vs avg 1,935 sqft28%
Price/sqft:$490 vs avg $38686%
More Insights
Built in 1927 (98 years old).
Condition: Built in 1927 with no indication of major renovations, this property likely retains original or very outdated systems and finishes. The description's emphasis on 'vintage charm' and the property analysis highlighting 'Age-Related Maintenance' for plumbing, electrical, and HVAC systems strongly suggest that the kitchen and bathrooms are severely outdated and require substantial rehabilitation. Major system replacements would be necessary for safety and modern functionality.
Year Built
1927
Close
-
List price
$750K
Original List price
$750K
Price/Sqft
$490
HOA
-
Days on market
-
Sold On
-
MLS number
WS25194876
Home ConditionPoor
Features
View-
About this home
Charming 1927 single-story home in the heart of Riverside’s Orange Acres! Situated on a spacious 21,344 SF lot, this 2-bedroom, 1.5-bath residence offers 1,530 SF of living space and vintage charm throughout. Ideal for buyers seeking a home with character and a generous outdoor area. Close to nearby schools, parks, and easy access to major roads.
Condition Rating
Poor
Built in 1927 with no indication of major renovations, this property likely retains original or very outdated systems and finishes. The description's emphasis on 'vintage charm' and the property analysis highlighting 'Age-Related Maintenance' for plumbing, electrical, and HVAC systems strongly suggest that the kitchen and bathrooms are severely outdated and require substantial rehabilitation. Major system replacements would be necessary for safety and modern functionality.
Pros & Cons
Pros
Expansive Lot Size: A substantial 21,344 SF lot provides ample outdoor space, privacy, and potential for various uses or future expansion.
Historic Charm & Character: Built in 1927, the home retains significant vintage charm throughout, appealing to buyers seeking unique architectural character.
Desirable Location: Situated in the heart of Riverside's 'Orange Acres,' offering convenient access to schools, parks, and major transportation routes.
Single-Story Accessibility: The single-story layout is highly sought after for its ease of access and functional living space.
Development Potential: The generous lot size presents opportunities for adding an ADU, pool, or expanding the existing footprint, subject to local regulations.
Cons
Limited Bedroom/Bathroom Count: With only 2 bedrooms and 1.5 bathrooms for 1,530 SF, the property may not accommodate larger families or those requiring more private spaces.
Age-Related Maintenance: As a 1927 build, the home likely requires ongoing maintenance and potential updates to older systems (e.g., plumbing, electrical, HVAC).
Pricing Above Estimated Value: The current list price of $750,000 exceeds the estimated property value of $707,892, potentially impacting buyer perception and negotiation.