1062 Rancho Valencia, Riverside, California 92508, Riverside, 92508 - 4 bed, 3 bath
1062 Rancho Valencia
Riverside, California 92508
Property Price
SUMMARY
Analysis of 1062 Rancho Valencia, Riverside, California 92508 reveals a property with a current list price of $1,199,990, which is 7% above the estimated $1,121,311 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Riverside Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1062 Rancho Valencia Subject | $1,199,990* List Price | 4 | 3 | 3,322 | $338 | - |
A 1126 Brasado Way Sold | $1,199,900 | 5 | 3 | 3,298 | $364 | 0.2 mi |
B 1137 Pamplona Drive Sold | $880,000 | 5 | 5 | 3,128 | $281 | 0.2 mi |
C 8067 Terraza Court Sold | $1,175,902 | 4 | 3 | 2,900 | $405 | 0.1 mi |
D 1195 Pamplona Active | $1,150,000 List Price | 4 | 4 | 3,339 | $344 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
Built in 2002, this property has been meticulously maintained and features extensive upgrades that keep it in move-in ready condition. The home boasts high-end functional systems including a 40-panel solar array, three HVAC units, and a tankless water heater. The kitchen is well-appointed with an oversized island and custom built-ins, and the overall interior shows minimal wear, reflecting a high standard of care despite being over 20 years old.
PROSSTRENGTHS & OPPORTUNITIES
- 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 = 20473, living area = 3322.
- Energy Efficiency & Infrastructure
The property features a massive 40-panel solar system and three separate HVAC units, offering significant utility savings and superior climate control for a large home.
- Resort-Style Outdoor Living
Situated on nearly half an acre, the lot includes a private pool, spa, and dedicated RV/boat parking, providing a luxury lifestyle within an exclusive gated community.
CONSRISKS & DEFICIENCIES
- High Recurring HOA Fees
The $355 monthly association fee represents a significant ongoing carrying cost that may impact the budget of some prospective buyers.
- Bedroom-to-Square-Footage Ratio
Despite the large footprint of over 3,300 sqft, the home only offers 3 to 4 dedicated bedrooms, which may feel inefficient for larger families requiring more sleeping quarters.
About 1062 Rancho Valencia
Come Home to a Luxury Resort Lifestyle, everyday. Exclusive Gated Rancho Valencia Single-story Gem features ingroud pool and spa, lavish patio this is so much more than just a prime location. Sellers' extensive upgrading to this 3 bedrooms/3 bath/ two offices and a bonus room.at 3329 sqft. Inside you will find an inviting, thoughtful layout is designed to be flexible, comfortable and efficient to accommodate your every need. The open family room/kitchen features an oversized island, adjacent dining area, and custom built-ins around the family room fireplace. This beckoning space facilitates everything from quiet cozy evenings to game nights, movie time, or festive evenings for large gatherings inside and out. The spacious primary bedroom boasts an ensuite bath with ample mirrors, dual walk-in closets, custom closet organizers. Imagine getting ready for your day with plenty of amenities plus no crowding or stress. Rest assured, meticulous maintenance ensures the home has been lightly used and the mechanical integrity is sound. Modern comforts, including three HVAC systems, tankless water heater, low cost solar system (40 panels) provides low to no cost power for your house Outside, the manicured landscape with blooming trees, plus a bountiful that reflect years of planning and investment by the current owners. RV/boat/toy parking in the side yard. This home pairs practicality with luxury living, the LOCATION is PRIME and the value is unbeatable. With right offer everything will stay, (except some personal items and external furniture) For the fortunate few, dreams can come true. Come envision your fabulous future-TODAY. 4 to 5 bed room potential with alterations.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2002
- Lot Size
- 20,473 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $355.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 3,322 | 2,584 | 88% |
| Lot Size | 20,473 | 8,276 | 86% |
| Price | $1.20M | $758.8K | 95% |
| Price per sq ft | $361 | $308 | 79% |
| Built year | 2002 | 2001 | 51% |
| HOA | $355.0 | $12 | 99% |
| Days on market | 56 | 204 | 7% |
Pricing History
Listed for Sale
Jan 10, 2026
$1,199,990
Initial Listing
Sold
Mar 4, 2010
$375,000
Public Record
Sold
Nov 30, 2007
$850,000
Public Record
Sold
Aug 13, 2004
$319,250
Public Record
Sold
Aug 13, 2004
$638,500
Public Record
Sold
Feb 18, 2004
$1,100,000
Public Record