7811 Railroad Avenue, Riverside, California 92504, Riverside, 92504 - 4 bed, 2 bath
ACTIVE$615,000
7811 Railroad Avenue, Riverside, California 92504
4Beds
2Baths
1,418Sqft
5,663Lot
Price Vs. Estimate
The estimated value ($300,598.33) is $314,401.67 (51%) lower than the list price ($615,000). This property may be overpriced.
Key pros and cons
Top Pros:
Newer HVAC System: The property benefits from a newer AC and heating unit, providing modern climate control and energy efficiency.
Top Cons:
Direct Railroad Proximity: The house sits directly across the railroad, which likely results in significant noise and vibrations, potentially impacting living comfort and resale value.
Compared to the nearby listings
Price:$615.0K vs avg $628.5K ($-13,500)44%
Size:1,418 sqft vs avg 1,586.5 sqft41%
Price/sqft:$434 vs avg $41260%
More Insights
Built in 1970 (55 years old).
Condition: The property was built in 1970, making it 54 years old. While it benefits from significant updates such as newer AC/heating and double-pane windows, there is no information or imagery provided regarding the condition or style of the kitchen and bathrooms. The lack of detail for these key areas, combined with the home's age, strongly suggests they are outdated and would require minor updates to meet modern standards, aligning with the 'Fair' condition criteria.
Year Built
1970
Close
-
List price
$615K
Original List price
$615K
Price/Sqft
$434
HOA
-
Days on market
-
Sold On
-
MLS number
IV24245118
Home ConditionFair
Features
ViewNeighborhood
About this home
Just Listed Home Features 4 bedrooms, 2 Bathrooms, Tile Flooring, Double Pain Windows, One Additional Room Attached to Garage and Could Be Turned To Private Laundry Room, 2 Car Garage with Remote Control, Laundry Hook-Ups, new drywall and glazed flooring in garage. House is Gated for Additional Parking, easily Park Up To 6 Cars. Newer AC and heating unit, low tax rate, No HOA, House Sits Right Across The Rail Road. Easy Freeway Access And Near Shopping.
Condition Rating
Fair
The property was built in 1970, making it 54 years old. While it benefits from significant updates such as newer AC/heating and double-pane windows, there is no information or imagery provided regarding the condition or style of the kitchen and bathrooms. The lack of detail for these key areas, combined with the home's age, strongly suggests they are outdated and would require minor updates to meet modern standards, aligning with the 'Fair' condition criteria.
Pros & Cons
Pros
Newer HVAC System: The property benefits from a newer AC and heating unit, providing modern climate control and energy efficiency.
Ample Parking & Security: The house is gated for additional parking, easily accommodating up to 6 cars, complemented by a 2-car garage with remote control, enhancing convenience and security.
Financial Advantages: Buyers will benefit from a low tax rate and no HOA fees, reducing ongoing ownership costs.
Energy Efficiency: Equipped with double pane windows, the home offers improved insulation, contributing to energy savings and a quieter interior.
Convenient Location: The property boasts easy freeway access and is located near shopping centers, providing convenience for daily errands and commuting.
Cons
Direct Railroad Proximity: The house sits directly across the railroad, which likely results in significant noise and vibrations, potentially impacting living comfort and resale value.
Substantial Overpricing: The listing price of $615,000 is considerably higher than the estimated property value (estimation ratio: -51), which may deter potential buyers and prolong market time.
Older Home with Partial Updates: Built in 1970, while some updates like AC/heating and windows are noted, the property's age suggests other systems or aesthetics may be dated, potentially requiring further investment.