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14448 Oakley Drive, Riverside, California 92503, Riverside, 92503 - 6 bed, 3 bath

14448 Oakley Drive, Riverside, California 92503 home-pic-0
ACTIVE$1,150,000
14448 Oakley Drive, Riverside, California 92503
6Beds
3Baths
3,707Sqft
75,358.797Lot
Year Built
1976
Close
-
List price
$1.15M
Original List price
$1.18M
Price/Sqft
$310
HOA
-
Days on market
-
Sold On
-
MLS number
PTP2502237
Home ConditionGood
Features
Excellent View: Canyon, Panoramic
Patio
ViewCanyon, Panoramic

About this home

Fairly Priced:The estimated price is in line with the list price. We found 3 Cons,7 Pros. Rank: price - $1.15M(91th), sqft - 3707(86th), beds - 6(96th), baths - 3(50th).

PRICE REDUCTION!!! Back on the market! Buyer could not perform. Sellers are motivated. A stunning hilltop retreat in the highly desirable Arlington Heights neighborhood! This expansive property features a single-story main house and a detached ADU. The main residence offers over 2,500 sq ft of living space, including 3 bedrooms, 2 bathrooms, a modern kitchen, and an open-concept design that fills the home with natural light. Enjoy breathtaking panoramic views from the welcoming living area. Energy-efficient upgrades include solar panels, a Tesla charging station in the garage, and recently updated windows. The 1,200 sq ft ADU includes 3 bedrooms and 1 bathroom, making it perfect for rental income, multi-generational living, or additional guest space. Situated on 1.7 acres of private hilltop land, this property offers an ideal blend of space, abundant parking for an RV, boat, toys, or guests, all in a peaceful and serene setting.

Nearby schools

5/10
Woodcrest Elementary School
Public,•K-6•2.6mi
7/10
Lake Mathews Elementary School
Public,•K-6•2.6mi
7/10
Frank Augustus Miller Middle School
Public,•7-8•3.4mi
5/10
Arlington High School
Public,•9-12•2.2mi
9/10
Martin Luther King Jr. High School
Public,•9-12•4.5mi
Condition Rating
Good
Built in 1976, this property has undergone significant and recent renovations, particularly in key areas. The kitchen features modern white shaker cabinets, stainless steel appliances, granite countertops, and a contemporary tile backsplash, indicating an update within the last 5-15 years. Bathrooms also show modern vanities, updated tiling, and fixtures. The property benefits from recently updated windows, solar panels, and a Tesla charging station, enhancing energy efficiency and modern appeal. While the original structure is older, the extensive updates, well-maintained interiors (hardwood, tile, and clean carpet), and overall move-in ready condition align with a 'Good' rating, suggesting it was extensively renovated within the last 5-15 years.
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 = 75358, living area = 3707.
Great Schools: High School: Martin Luther King Jr. High School (9/10).
Detached ADU & Versatile Living: A substantial 1,200 sq ft detached ADU with 3 beds/1 bath provides excellent flexibility for rental income, multi-generational living, or guest accommodations, significantly enhancing property utility and value.
Panoramic Hilltop Views: Positioned as a 'stunning hilltop retreat,' the property offers breathtaking panoramic views from the welcoming living area, significantly enhancing its aesthetic appeal and market value.
Energy Efficiency & Modern Amenities: Equipped with solar panels, a Tesla charging station in the garage, and recently updated windows, the property offers significant energy savings and modern conveniences.
Expansive Private Lot & Ample Parking: A generous 1.7-acre private hilltop lot provides exceptional space, privacy, and abundant parking for multiple vehicles, RVs, boats, and recreational toys.
Desirable Location & Open Concept Design: Located in the 'highly desirable Arlington Heights neighborhood,' the main residence features an open-concept design that fills the home with natural light, appealing to modern living preferences.

Cons

Previous Transaction Failure: The property's return to market due to a 'Buyer could not perform' raises questions about potential underlying issues or financing challenges that led to the prior deal's collapse.
Property Age & Potential System Updates: Built in 1976, while some cosmetic updates are noted (modern kitchen, updated windows), the age of the property suggests that major systems (e.g., HVAC, plumbing, electrical) may be original or require significant updates not explicitly mentioned.
Seller Motivation & Price Sensitivity: The 'PRICE REDUCTION!!!' and 'Sellers are motivated' indicate a strong desire to sell, which, while an opportunity for buyers, suggests the property may have faced challenges at its original price point or that sellers are eager for a quick close.

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