12323 Mesa Grove, Riverside, California 92503, Riverside, 92503 - 5 bed, 3 bath
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Riverside, California 92503
This Spacious Single Family Residence represents a Strong Value Opportunity, listed at $799,000, which aligns with its $799,000 Fair Market Value. While the home maintains a Condition Rating of 4, its functional floor plan—featuring a rare main-floor bedroom and bath—offers significant utility. The property includes RV parking, a backyard patio, and scenic hill views, providing a solid foundation for cosmetic modernization. Located within the Riverside Unified School District, this home is an ideal acquisition for Owner-Occupants seeking long-term value or first-time buyers ready to personalize a well-located asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 12323 Mesa Grove Subject | $799,000* List Price | 5 | 3 | 3,198 | $250 | - |
A 12755 Avocado Sold | $829,000 | 5 | 3 | 3,409 | $243 | 0.6 mi |
B 12375 Brianwood Sold | $835,000 | 4 | 3 | 2,649 | $315 | 0.3 mi |
C 17891 Robusta Drive Sold | $750,000 | 6 | 3 | 2,917 | $257 | 0.6 mi |
D 12590 Mango Lane Sold | $750,000 | 5 | 3 | 3,142 | $239 | 0.5 mi |
E 12656 Avocado Sold | $825,000 | 5 | 3 | 3,142 | $263 | 0.5 mi |
F 12390 Jacaranda Sold | $799,000 | 4 | 3 | 2,466 | $324 | 0.4 mi |
G 17191 Greentree Drive Sold | $830,000 | 4 | 4 | 3,690 | $225 | 0.3 mi |
H 12564 Bougainvillea Way Sold | $875,000 | 6 | 4 | 3,464 | $253 | 0.3 mi |
I 12351 Mesa Grove Active Under Contract | $748,000 List Price | 4 | 3 | 2,929 | $255 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 2003 (23 years old), the property appears to be in original condition with no significant renovations. The kitchen features dated oak cabinetry and white tile countertops typical of the early 2000s, and the flooring and fixtures show their age, meeting the criteria for a home over 20 years old needing updates.
The spacious 3,200 sq ft layout features a rare main-floor bedroom and full bath, plus a primary suite retreat, making it ideal for multi-generational living or a home office.
The property offers significant outdoor value with dedicated RV parking, mature fruit trees, and a backyard patio, catering to buyers with recreational vehicles or a desire for functional outdoor space.
Following recent price reductions to $799,000, the home offers exceptional value at approximately $250 per square foot, positioning it as a high-value option within the desirable Victoria Grove community.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.
With 63 days on market and two price reductions, the listing may be perceived as 'stale' by buyers, potentially leading to more aggressive negotiations or concerns regarding initial overpricing.
Being offered by the original owners for the first time since 2003 without mention of recent renovations suggests the home may require cosmetic updates to meet modern aesthetic standards.
NEW PRICE—PRICED TO SELL! Come see this spacious 5-bedroom, 3-bath home offering approximately 3,200 sq ft of living space in the desirable Victoria Grove community. First time on the market by the original owners, this home features a functional floor plan with generously sized bedrooms and comfortable living areas throughout. A bedroom and full bathroom on the main level provide flexibility for guests, extended family, or a home office. The primary suite includes a large retreat that can be used as a sitting area, office, nursery, gym, or additional flex space. Additional features include RV parking, a backyard patio, mature fruit trees, and an included washer and dryer. Conveniently located near schools, parks, shopping, and commuter routes. This home offers tremendous space and value at its new price, schedule your private showing today!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 4.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 3,198 | 1,723 |
| Lot Size | 7,841 | 8,712 |
| Price | $799.0K | $676.0K |
| Price per sq ft | $250 | $395 |
| Built year | 2003 | 1977 |
| HOA | $184.0 | $125 |
| Days on market | 72 | 58 |
Jun 22, 2026
$799,000
$819,000
-2% Price Drop
Initial Listing
Jun 9, 2026
$819,000
$839,900
-2% Price Drop
Initial Listing
May 11, 2026
$839,900
Initial Listing
Aug 29, 2003
$342,500
Public Record