4700 Dewey Ave
Riverside, CA 92506

2.98 Acres
The Subject Property includes two parcels totaling 2.98 acres. The two parcels encompass the entire southern block of Palm Avenue and Dewey Avenue fronting the railroad tracks. There are single family residences surrounding the nearly 3 acres and this long strip of vacant land is one of the last remaining large lots within this neighborhood. The property is zoned R1-7000 and measures approximately 1,291± feet long by 100± feet wide. The parcels are located three blocks west of all major stores, entertainment, shops and restaurants, some of which include Ralphs, Rite Aid, Wells Fargo Bank, Vons, Nordstrom Rack and Regal Cinemas. At a list price of $600,000 this property equates to $4.61/SF or approximately $200,000 per acre. Considering the lack of buildable land in this well-developed area, the property is an affordably priced development project for a local investor or developer.
  • Neighborhood: Magnolia Center
  • Days on Movoto: 289
  • Year Built:
  • HOA:
  • $/Sqft:
  • Lot: 2.98 Acres
  • Property Type: Land
  • MLS#: GD16103001
  • MLS:
  • Listing Office: Keller Williams R. E. Services
  • Listed By: Krikor Garabedian
  • Movoto last checked CRMLS for new data 14 minutes ago
  • CRMLS last updated this listing 4 months ago

Property Features for 4700 Dewey Ave , Riverside

Overview
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Property History for 4700 Dewey Ave, Riverside

Status
Date
Price
Active Under Contract
Oct 18, 2016
Price Change
Sep 30, 2016
$550,000
Listed
May 14, 2016
$600,000
#GD16103001

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4700 Dewey Ave
  • $550,000
  • Pending

    05/14/2016

  • — Bd
  • — Ba
  • —/Sqft
  • 2.98 Acres Lot
  • Built —
4700 Dewey Ave in ZIP code 92506 is a land home currently listed for $550,000. This is 8% above the median of $509,900 for 92506 and 33% above the median price of $415,000 for the city of Riverside, CA. As of today, , there are 118 properties listed for sale in the 92506 area and 652 properties listed for sale in Riverside. Of those 652 properties for sale, 581 are single family homes and 71 are condos. 4700 Dewey Ave is approximately — Sqft, 100% below the Riverside median of 1,904 and 100% below the 92506 ZIP code median of 2,408. The price per Sqft is —, which is 100% below the median price in 92506 of $225 and 100% below the Riverside median of $223 per Sqft.
This land house is located at 4700 Dewey Ave. It is listed on 05/14/2016 for $550,000. 4700 Dewey Ave is located in the Magnolia Center neighborhood in the Riverside Unified School District. The closest school is Sierra Middle School.

4700 Dewey Ave has been on the market for 289 days. The median days on the market for properties in this area is 43 with a median list price of $415,000 and median cost per square foot of $223. It's currently listed as pending under the MLS #GD16103001.

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