7272 Mount Vernon Street, Riverside, California 92504, Riverside, 92504 - 2 bed, 2 bath
ACTIVE$639,999
7272 Mount Vernon Street, Riverside, California 92504
2Beds
2Baths
1,344Sqft
8,276Lot
Price Vs. Estimate
The estimated value ($375,925.725) is $264,073.275 (41%) lower than the list price ($639,999). 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 = 8276, living area = 1344.
Top Cons:
Significant Overpricing: The list price of $639,999 is substantially higher than the property's estimated value of $375,925 and recent comparable sales, indicating a potential overvaluation in the current market.
Compared to the nearby listings
Price:$640.0K vs avg $630.0K (+$9,999)53%
Size:1,344 sqft vs avg 1,586.5 sqft34%
Price/sqft:$476 vs avg $41279%
More Insights
Built in 1953 (72 years old).
Condition: The property was built in 1953, making it 71 years old. While the listing mentions an 'amazing open kitchen concept,' implying a significant update, the property analysis also highlights 'Age and Potential for Updates' as a weakness, suggesting that areas beyond the kitchen may require investment to modernize systems and address deferred maintenance. The limited images show a well-maintained exterior and a living room with updated flooring, but do not provide views of the kitchen or bathrooms to fully assess their condition and style. Given the property's age and the indication of potential updates needed in other areas, it is considered maintained but likely has outdated components or requires minor to moderate repairs/updates beyond the kitchen.
Year Built
1953
Close
-
List price
$640K
Original List price
$645K
Price/Sqft
$476
HOA
-
Days on market
-
Sold On
-
MLS number
SB25135231
Home ConditionFair
Features
Patio
ViewNeighborhood
About this home
Welcome to this charming single story home located on a desirable corner lot. This spacious property features a 3 bedroom 2 bathroom perfect for comfortable living. The possibilities of this property are endless!. Enjoy the convenience of a 2 car garage along with ample parking spaces in the driveway. The open kitchen concept is amazing and the back patio is perfect for a quiet outdoor getaway. With this open layout and inviting atmosphere this home is ideal for family gatherings and entertaining guest. This is not just a property, it’s an oasis. This property comes with an exceptional level of surveillance; supporting safety and peace of mind. Don't miss out on making this your new home!
Nearby schools
4/10
Washington Elementary School
Public,•K-6•1.3mi
6/10
Pachappa Elementary School
Public,•PK-6•1.3mi
4/10
Mountain View Elementary School
Public,•PK-6•1.5mi
5/10
Alcott Elementary School
Public,•K-6•2.3mi
4/10
Sierra Middle School
Public,•7-8•0.9mi
4/10
Matthew Gage Middle School
Public,•7-8•1.4mi
3/10
Chemawa Middle School
Public,•7-8•2.1mi
2/10
Central Middle School
Public,•7-8•2.3mi
5/10
Ramona High School
Public,•9-12•0.7mi
7/10
Polytechnic High School
Public,•9-12•2.0mi
5/10
Arlington High School
Public,•9-12•2.5mi
Condition Rating
Fair
The property was built in 1953, making it 71 years old. While the listing mentions an 'amazing open kitchen concept,' implying a significant update, the property analysis also highlights 'Age and Potential for Updates' as a weakness, suggesting that areas beyond the kitchen may require investment to modernize systems and address deferred maintenance. The limited images show a well-maintained exterior and a living room with updated flooring, but do not provide views of the kitchen or bathrooms to fully assess their condition and style. Given the property's age and the indication of potential updates needed in other areas, it is considered maintained but likely has outdated components or requires minor to moderate repairs/updates beyond the kitchen.
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 = 8276, living area = 1344.
Desirable Corner Lot: The property is situated on a desirable corner lot, which often provides better curb appeal, more natural light, and potentially greater privacy.
Open Concept Kitchen: The home features an 'amazing' open kitchen concept, a highly sought-after modern design element ideal for entertaining and family interaction.
Ample Parking: Convenience is enhanced by a 2-car garage complemented by ample additional parking spaces in the driveway.
Generous Lot Size: With a substantial 8,276 sqft lot, the property offers significant outdoor space for landscaping, recreation, or potential expansion.
Enhanced Security: The presence of an 'exceptional level of surveillance' provides an added layer of safety and peace of mind for residents.
Cons
Significant Overpricing: The list price of $639,999 is substantially higher than the property's estimated value of $375,925 and recent comparable sales, indicating a potential overvaluation in the current market.
Age and Potential for Updates: Built in 1953, the 72-year-old home, while described as charming, may require significant investment in updates beyond the kitchen to modernize systems and address potential deferred maintenance.
Bedroom Count Discrepancy: There is an inconsistency between the description stating '3 bedroom' and the structured data indicating 2 bedrooms, which could lead to confusion or unmet expectations for potential buyers.