1315 Massachusetts, Riverside, California 92507, Riverside, 92507 - 2 bed, 1 bath
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1315 Massachusetts
Riverside, California 92507
ACTIVE
CONDITION: EXCELLENT
2Beds
1Baths
860Sq Ft
0Lot Size
Property Price
LIST PRICE$299,000
EST. MARKET VALUE
$323,705
7% BelowMARKET VALUE
SUMMARY
This Turn-Key Condominium is a Strong Value Opportunity, listed at $299,000—positioned well below the $323,920 Fair Market Value by 7%. This valuation gap offers $24,920 in Instant Equity for the buyer. Featuring a Mint Condition Rating, the unit includes a Granite Kitchen, new vinyl plank flooring, and a private paved yard. Located minutes from UCR, this property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a move-in ready residence with community pool and spa access.
Estimated Market Value
$323,705+$24,705 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Riverside.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1315 Massachusetts Subject | $299,000* List Price | 2 | 1 | 860 | $376 | - |
A 1337 Massachusetts Sold | $305,000 | 2 | 2 | 886 | $344 | 0.1 mi |
B 1329 Massachusetts 202 Sold | $245,000 | 1 | 1 | 604 | $406 | 0.0 mi |
C 1333 Massachusetts Avenue 201 Sold | $244,000 | 1 | 1 | 604 | $404 | 0.1 mi |
D 2891 Canyon Crest 68 Sold | $330,000 | 2 | 2 | 900 | $367 | 0.5 mi |
E 2561 Gonzaga Ln Sold | $361,000 | 3 | 2 | 1,152 | $313 | 0.2 mi |
F 2537 Occidental Circle Sold | $385,000 | 3 | 2 | 1,085 | $355 | 0.1 mi |
G 1114 W Blaine Street 105 Active | $365,000 List Price | 2 | 2 | 810 | $451 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Although built in 1986, the unit has undergone a comprehensive recent renovation (less than 5 years) including brand new vinyl plank flooring and fresh custom interior paint. The kitchen is updated with granite countertops and modern appliances, and the bathrooms appear well-maintained with matching updates, making it a turn-key, mint-condition property.
PROSSTRENGTHS & OPPORTUNITIES
- Turn-Key Interior
The property features brand new vinyl plank flooring, fresh custom paint, and an updated kitchen with granite countertops, offering a modern, move-in-ready experience for buyers.
- Private Outdoor Living
This desirable downstairs unit includes a paved, good-sized yard and a covered porch, providing rare and expansive private outdoor space for a condominium.
- Strategic Location
Situated just minutes from UC Riverside and close to major freeways, this property is ideally positioned for high rental demand from students and faculty.
CONSRISKS & DEFICIENCIES
- High Association Fees
The monthly HOA fee of $502.15 is relatively high for the price point, which may impact the overall affordability and debt-to-income ratio for potential buyers.
- Limited Parking
The unit comes with only a one-car detached garage, which may be insufficient for a two-bedroom residence where multiple occupants likely have separate vehicles.
About 1315 Massachusetts
Comfort Living at Palmilla Community in Riverside!! This turn-key desirable downstairs 2bedroom unit offers Brand New Vinyl Plank flooring throughout with new custom interior paint. Bright and light open floor plan with sliders from living room and master bedroom leading to paved good-sized yard for extended outdoor living space for comfort and entertainment. Updated kitchen has granite counter tops, dishwasher, Stove and oven and microwave and dining area off of kitchen. 2 bedrooms with mirrored wardrobe and hallway linen closet. Outside has covered porch with extra enclosed storage space. This unit comes with one car detached garage. This gated community offers community pool & Spa, well maintained pet-friendly lawn and walkways for your stroll. Conveniently situated near shopping, freeways, public transportation and minutes away from UCR.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1986
- Lot Size
- -
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $502.15 / Month
Neighborhood Insights
Riverside Unified Schools
Highland Elementary School
Grades PK-6 • 0.8 mi
2/10
University Heights Middle School
Grades 7-8 • 0.2 mi
3/10
John W. North High School
Grades 9-12 • 0.4 mi
5/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 860 | 1,143.641 |
| Lot Size | - | 1,329.769 |
| Price | $299.0K | $397.1K |
| Price per sq ft | $348 | $365 |
| Built year | 1986 | 1982 |
| HOA | $502.15 | $377 |
| Days on market | 39 | 58 |
Pricing History
Listed for Sale
Aug 1, 2026
$299,000
Initial Listing
Sold
May 11, 2011
$75,000
Public Record
Sold
Aug 2, 2006
$294,000
Public Record