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12285 Road Runner, Riverside, California 92503, Riverside, 92503 - 3 bed, 3 bath

12285 Road Runner, Riverside, California 92503 home-pic-0
ACTIVE$680,000
12285 Road Runner, Riverside, California 92503
3Beds
3Baths
1,966Sqft
24,829Lot
Year Built
1979
Close
-
List price
$680K
Original List price
$738K
Price/Sqft
$346
HOA
-
Days on market
-
Sold On
-
MLS number
TR25035176
Home ConditionGood
Features
Excellent View: City Lights, Mountain(s)
Patio
ViewCity Lights,Mountain(s)

About this home

We found 3 Cons,6 Pros. Rank: price - $680.0K(53th), sqft - 1966(59th), beds - 3(40th), baths - 3(50th).

Price reduced! Rare Opportunity – A Private Oasis with Endless Potential! Nestled on a quiet private street, this beautiful home offers a peaceful retreat shared with only a few neighbors. Featuring 3 spacious bedrooms and 2.5 bathrooms, all bedrooms are located on the second floor for added privacy, while the first floor boasts a modern kitchen and a spacious living area, perfect for relaxation and entertaining. One of the home’s most valuable highlights is the expansive 24,289 sq. ft. lot, providing endless possibilities for expansion. Whether you dream of building a luxurious new home or creating your own private sanctuary, this property offers incredible potential. Additionally, the home enjoys breathtaking city views, allowing you to take in stunning scenery right from your doorstep. A truly unique feature of this home is its private natural spring water supply, offering a continuous flow of fresh water and helping you save significantly on utility costs. This is a rare and exceptional opportunity you don’t want to miss! Schedule a showing today and submit your best offer to make this beautiful home your dream residence!

Condition Rating
Good
Built in 1979, the property has undergone significant recent renovations in its most critical areas. The kitchen features modern white shaker cabinets, stainless steel appliances, contemporary countertops, and subway tile backsplash, indicating a recent update. All bathrooms have also been extensively renovated with modern vanities, fixtures, and tiling. Main living areas showcase updated flooring and neutral paint. While the property's underlying systems (HVAC, plumbing, electrical) and exterior may reflect its 1979 build year and might not have been fully replaced, the substantial and stylish updates to the kitchen and bathrooms, along with refreshed living spaces, make the home move-in ready with a modern aesthetic where it counts most. This aligns with the 'Good' criteria of being move-in ready with significant updates to key components within the last 5-15 years, even if not a full, top-to-bottom renovation.
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 = 24829, living area = 1966.
Expansive Lot & Expansion Potential: The property boasts a large 24,289 sq. ft. lot, offering significant space for future expansion, additional structures, or creating a personalized outdoor sanctuary.
Private Natural Spring Water: A unique and valuable feature is the private natural spring water supply, providing continuous fresh water and potentially significant savings on utility costs.
Breathtaking Views: The home offers stunning city lights and mountain views, enhancing its aesthetic appeal and providing a desirable living experience.
Quiet & Private Location: Nestled on a quiet private street with only a few neighbors, the property offers a peaceful and secluded retreat.
Modern Kitchen & Functional Layout: The first floor features a modern kitchen and spacious living area, complemented by a practical layout with all three bedrooms privately located on the second floor.

Cons

Age of Construction: Built in 1979, the property is over 40 years old, which may indicate that various systems (e.g., HVAC, plumbing, electrical) or other areas of the home could require updates or maintenance beyond the mentioned modern kitchen.
Price Reduction History: The property has undergone a significant price reduction from its original list price of $738,000 to $680,000, which could suggest it was initially overpriced or has faced market resistance.
Potential for Additional Investment: While offering 'endless possibilities for expansion,' the description is vague on the overall condition of the home beyond the kitchen, implying that substantial investment may be needed to fully modernize or realize its potential.

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