7158 Golden Vale, Riverside, California 92506, Riverside, 92506 - 5 bed, 3 bath
ACTIVE$1,200,000
7158 Golden Vale, Riverside, California 92506
5Beds
3Baths
2,954Sqft
36,590Lot
Price Vs. Estimate
The estimated value ($1,115,042.625) is $84,957.375 (7%) lower than the list price ($1,200,000). 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 = 36590, living area = 2954.
Top Cons:
Significant Price Discrepancy & Potential Overpricing: The current list price of $1.2 million is a substantial increase from its last sale price of $825,000 in April 2024, and is 4% above the estimated property value, potentially indicating an aggressive pricing strategy.
Compared to the nearby listings
Price:$1.20M vs avg $728.8K (+$471,175)89%
Size:2,954 sqft vs avg 1,954 sqft81%
Price/sqft:$406 vs avg $38662%
More Insights
Built in 1987 (38 years old).
Condition: Built in 1987, the property shows a mix of updates and dated features. While it benefits from newer laminate flooring, granite countertops in the kitchen, and plantation shutters, the bathrooms are significantly outdated with gold-tone fixtures, glass block, and older vanities, requiring substantial renovation. The absence of central air conditioning in the description for a property of this age in Riverside is also a concern, suggesting potential for outdated major systems. The home is functional but requires significant cosmetic and potential system updates.
Year Built
1987
Close
-
List price
$1.2M
Original List price
$1.2M
Price/Sqft
$406
HOA
-
Days on market
-
Sold On
-
MLS number
CV25251092
Home ConditionFair
Features
Deck
Pool
Spa
Patio
ViewNeighborhood
About this home
Hillcrest Estates Community! features this beautiful 5 bedroom 3 bathrooms, Entry has a beautiful Crystal Chandelier, laminate flooring throughout with wrought iron staircase. Main level floor features 1 bedroom , 1 bath, formal living room formal dining, laundry room, granite kitchen countertops, open to family room, shutters on windows. Upstairs features deck on Master bedroom over looks the swimming pool and 3 additional bedrooms, and 2 bathrooms, long private driveway RV parking 3 car garage. The backyard features private swimming pool, jacuzzi, large property space available for a ADU, Very private and quiet neighborhood close to shopping center.
Price History
Date
Event
Price
04/23/24
Sold
$825,000
Condition Rating
Fair
Built in 1987, the property shows a mix of updates and dated features. While it benefits from newer laminate flooring, granite countertops in the kitchen, and plantation shutters, the bathrooms are significantly outdated with gold-tone fixtures, glass block, and older vanities, requiring substantial renovation. The absence of central air conditioning in the description for a property of this age in Riverside is also a concern, suggesting potential for outdated major systems. The home is functional but requires significant cosmetic and potential system updates.
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 = 36590, living area = 2954.
Extensive Outdoor Amenities & Space: The property boasts a private swimming pool, jacuzzi, and a substantial 36,590 sqft lot, complemented by a master bedroom deck overlooking the pool, offering significant recreational and outdoor living opportunities.
ADU Potential: The large property space explicitly allows for the addition of an Accessory Dwelling Unit (ADU), presenting a clear opportunity for enhanced future value and potential rental income.
Generous Parking & Storage: Features include a long private driveway, dedicated RV parking, and a 3-car garage, providing ample space for multiple vehicles and storage needs.
Spacious and Functional Interior Layout: With 5 bedrooms and 3 bathrooms across 2954 sqft, the layout includes a convenient main-level bedroom and bath, formal living/dining areas, an open-concept family room, and granite kitchen countertops.
Desirable Community & Location: Situated in the private and quiet Hillcrest Estates Community, the property benefits from a serene neighborhood setting with convenient access to shopping centers.
Cons
Significant Price Discrepancy & Potential Overpricing: The current list price of $1.2 million is a substantial increase from its last sale price of $825,000 in April 2024, and is 4% above the estimated property value, potentially indicating an aggressive pricing strategy.
Age of Property & Potential for Dated Systems: Built in 1987, the property is over 35 years old. While some cosmetic updates are mentioned, there's no explicit detail on updates to major systems (e.g., HVAC, plumbing, electrical), which could lead to future maintenance or replacement costs.
Absence of Central Air Conditioning Mention: The property description does not specify a central cooling system, which is a critical amenity in Riverside's warm climate and could be a significant missing feature requiring a substantial investment for installation.