
Riverside, California 92508
This Estate-Style Residential Property represents a High-Potential Investment Opportunity, listed at $1,050,000—positioned well above the $966,287 Fair Market Value by -8%. Featuring a 0.91-acre corner lot, private pool and spa, and a natural creek, the home offers significant scale. With a Condition Rating of 5, the property requires modernization to reach its full potential. This unique asset is ideal for Value-Add Investors or Owner-Occupants seeking a spacious, customizable estate in a prime Riverside location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 14273 Pear Subject 5 bd · 4 ba · 3,195 sqft · $302 | $1,050,000* List Price | 5 | 4 | 3,195 | $302 | - |
A 8052 Citricado Lane Sold 4 bd · 4 ba · 3,586 sqft · $265 · 0.6 mi | $950,000 | 4 | 4 | 3,586 | $265 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1989 (35 years old) with no mention of renovations to kitchen, baths, or major systems. The listing's emphasis on 'incredible potential' and 'opportunity' typically indicates a property requiring significant rehab to address dated features and aging infrastructure.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 40075, living area = 3195.
The property sits on a generous 0.91-acre corner lot featuring a private pool, spa, and a unique natural creek, offering rare space and privacy for the area.
With over 3,100 sqft, five bedrooms including a main-floor suite, and soaring cathedral ceilings, the layout provides excellent flexibility for multi-generational living or a home office.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.
The large lot size, pool, and natural creek elements likely demand significant ongoing landscaping and exterior maintenance compared to standard residential lots.
Built in 1989 with extensive tile flooring and original architectural features, the home may require cosmetic updates to meet modern luxury standards and maximize its market value.
** ALL CASH OFFERS OR PRIVATE MONEY LOAN ONLY. NO BLIND OFFERS. ONLY SELLING AS IS CONDITION. SELLER WILL NOT DO ANY REPAIRS OF ANY KIND ***INVESTOR SPECIAL. BRING YOUR HIGHEST AND BEST OFFER**** **EXCEPTIONAL FIXER RIVERSIDE ESTATE-STYLE HOME ON 0.91 ACRES WITH POOL, SPA & ENDLESS POSSIBILITIES! Discover this impressive property ideally situated near the desirable Alessandro Heights, Hillcrest, Woodcrest, and Mission Grove communities! Home sits on a generous 0.91-acre corner lot with a natural creek running through a portion of the property. Enter through grand double doors into an elegant foyer showcasing a spiral staircase. The spacious floor plan features soaring cathedral ceilings, a step-down formal living room, formal dining room, and tile flooring throughout the first level. The inviting family room opens to a generously sized kitchen featuring picturesque window views, breakfast nook, spacious walk-in pantry, and wet bar—perfect for everyday living and entertaining. Upstairs features four spacious bedrooms and a versatile loft area. The first floor offers an additional bedroom, den, or office with a spacious bathroom, providing flexibility for various living arrangements. Step outside and experience your own private backyard retreat! Has pool and spa, expansive outdoor surroundings, and abundant space to create your dream resort-style oasis. The desirable corner-lot location offers convenient access to the rear portion of the property, while the natural creek adds unique character and charm. Located in a Residential Estates zoning area buyer to verify, this distinctive property offers the appeal of estate-style living with the conveniences of Riverside nearby. Enjoy easy access via Alessandro Boulevard and Overlook Parkway, with shopping, dining, theaters, entertainment, and major transportation routes just minutes away. Experience peaceful surroundings, beautiful sunrises and sunsets, and the opportunity to own a spacious home on nearly an acre of land in a desirable Riverside location. **SPACE, LOCATION, NATURAL BEAUTY & INCREDIBLE POTENTIAL! DON'T MISS THIS UNIQUE INVESTMENT OPPORTUNITY
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 4.0 |
| Baths | 4.0 | 2.2 |
| Square foot | 3,195 | 1,854.896 |
| Lot Size | 40,075 | 8,680.308 |
| Price | $1.05M | $698.4K |
| Price per sq ft | $329 | $380 |
| Built year | 1989 | 1982 |
| HOA | $0 | $156 |
| Days on market | 11 | 57 |
Oct 13, 2026
$1,050,000
Initial Listing
May 28, 2004
$590,000
Public Record