9413 Garfield Street, Riverside, California 92503, Riverside, 92503 - 4 bed, 2 bath
ACTIVE$695,000
9413 Garfield Street, Riverside, California 92503
4Beds
2Baths
1,868Sqft
8,276Lot
Year Built
1965
Close
-
List price
$695K
Original List price
$775K
Price/Sqft
$372
HOA
-
Days on market
-
Sold On
-
MLS number
OC25136055
Home ConditionPoor
Features
View-
About this home
Possibly Over-Priced:The estimated price is 58% below the list price. We found 3 Cons,6 Pros. Rank: price - $695.0K(58th), sqft - 1868(56th), beds - 4(50th), baths - 2(50th).
Nearby schools
4/10
Liberty Elementary School
Public,•PK-6•0.3mi
4/10
Jackson Elementary School
Public,•PK-6•0.8mi
3/10
Foothill Elementary School
Public,•PK-5•1.1mi
4/10
Myra Linn Elementary School
Public,•K-5•1.5mi
4/10
Collett Elementary School
Public,•PK-5•2.0mi
3/10
Chemawa Middle School
Public,•7-8•0.7mi
3/10
Wells Middle School
Public,•6-8•1.4mi
6/10
Arizona Middle School
Public,•6-8•2.5mi
5/10
Arlington High School
Public,•9-12•1.3mi
4/10
La Sierra High School
Public,•9-12•2.2mi
4/10
Norte Vista High School
Public,•9-12•2.3mi
Condition Rating
Poor
Built in 1965, this property is 59 years old. The MLS listing explicitly states a 'Lack of Modern Updates/Condition' and suggests it 'may be in original 1965 condition or require substantial investment to meet contemporary buyer expectations.' Without interior images, it's highly probable that the kitchen and bathrooms are significantly outdated and require extensive renovation. Major systems like electrical, plumbing, and HVAC are likely at or beyond their expected lifespan, necessitating substantial repairs and rehabilitation rather than minor 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 = 8276, living area = 1868.
Generous Lot Size: The property boasts a substantial 8,276 sqft lot, offering ample outdoor space for potential expansion, landscaping, or the addition of desirable amenities.
Desirable Bedroom Count: With 4 bedrooms, the property provides sufficient space for families or those requiring additional rooms, enhancing its broad market appeal.
Highly-Rated High School District: Located within the Riverside Unified High School District, the property benefits from proximity to Arlington High School, which holds a strong rating of 5, a significant draw for families.
Established Neighborhood: Built in 1965, the home is situated in a mature and stable community, often characterized by developed infrastructure, mature trees, and a sense of permanence.
Recent Price Adjustment: The list price has been reduced from $775,000 to $695,000, indicating seller motivation and a more competitive position in the market, which could attract more buyer interest.
Cons
Significant Discrepancy in Valuation: The current list price of $695,000 is substantially higher than the provided property estimation of $290,560.36 and recent comparable sales, suggesting it may be significantly overpriced for the current market conditions.
Lack of Modern Updates/Condition: The property description does not highlight any recent renovations or modern upgrades, implying it may be in original 1965 condition or require substantial investment to meet contemporary buyer expectations, especially when compared to updated competitors.
Absence of Desirable Features/Views: The property explicitly states 'view: None' and lacks mention of premium amenities like a pool, extensive landscaping, or unique architectural features that could justify its higher price point against competitors.