16066 Rancho Verde Circle, Riverside, California 92506, Riverside, 92506 - 4 bed, 3 bath

16066 Rancho Verde Circle, Riverside, California 92506 home-pic-0
ACTIVE$1,099,000
16066 Rancho Verde Circle, Riverside, California 92506
4Beds
3Baths
3,840Sqft
45,302Lot

Price Vs. Estimate

The estimated value ($1,089,200) is $9,800 (0%) lower than the list price ($1,099,000). This property may be overpriced.

Key pros and cons

Top 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 = 45302, living area = 3840.
Top Cons:
Age of Core Structure: Built in 1984, while many cosmetic and system updates have been made, the underlying structure and some original components are 40 years old, which could lead to unforeseen maintenance needs in the future.

Compared to the nearby listings

Price:$1.10M vs avg $728.8K (+$370,175)83%
Size:3,840 sqft vs avg 1,954 sqft91%
Price/sqft:$286 vs avg $3865%

More Insights

Built in 1984 (41 years old).
Condition: Despite being built in 1984, this property has undergone an extensive and recent renovation, bringing it to a virtually new condition. The description explicitly states 'recent updates' including new vinyl flooring, fresh interior and exterior paint, high-end kitchen cabinets and appliances, new electrical and plumbing fixtures, and stylish new vanities and faucets in the bathrooms. The primary bathroom has been 'extensively remodeled' with decorative tiles, new fixtures, and a brand-new bathtub. Furthermore, new AC condensers, a new garage door, and a new main entry door have been installed. The images confirm a modern, high-quality aesthetic throughout, particularly in the kitchen with its white shaker cabinets, quartz countertops, decorative backsplash, and stainless steel appliances, and in the bathrooms with contemporary tiling, modern vanities, and a freestanding tub. All components appear new or virtually new, meeting current quality standards with no deferred maintenance.
Year Built
1984
Close
-
List price
$1.1M
Original List price
$1.15M
Price/Sqft
$286
HOA
-
Days on market
-
Sold On
-
MLS number
IV25039201
Home ConditionExcellent
Features
Excellent View: City Lights
Deck
ViewCity Lights

About this home

This tastefully upgraded home, located in the desirable Woodcrest area in Riverside, boasts 3,840 sq ft of living space and sits on a spacious lot of more than 1 acre!! Featuring a great sized detached 3-car garage, this property showcases a stunning panoramic view of the city and mountains. Recent updates include new vinyl flooring, fresh interior and exterior paint, and high-end kitchen cabinets and appliances. The home also boasts new electrical outlets and fixtures, new plumbing fixtures, and stylish new vanities and faucets in the bathrooms. The primary bathroom has been extensively remodeled with decorative tiles, new plumbing and light fixtures, and a brand-new bathtub for a luxurious retreat. Additional updates include new AC condensers, a new garage door, a new main entry door, and more! The backyard has been cleared of trees, wood on the deck has been replaced and repaired. The front porch now features beautiful new tiles, completing the home’s fresh look. Inside, you'll find a spacious layout with a Primary bedroom and ensuite bath on the entry level, along with a large secondary bedroom and an open kitchen concept. The downstairs area includes a laundry room, wet bar with plumbing, a cozy fireplace, a den, and two additional bedrooms. The property is complemented by a deck around the back of the home, perfect for outdoor relaxation, and a circular driveway for convenient access. This home offers a blend of modern upgrades, expansive living space, and breathtaking views, all set within this tranquil Woodcrest community. Act now, before it's too late! ***This property is not for rent***

Condition Rating
Excellent

Despite being built in 1984, this property has undergone an extensive and recent renovation, bringing it to a virtually new condition. The description explicitly states 'recent updates' including new vinyl flooring, fresh interior and exterior paint, high-end kitchen cabinets and appliances, new electrical and plumbing fixtures, and stylish new vanities and faucets in the bathrooms. The primary bathroom has been 'extensively remodeled' with decorative tiles, new fixtures, and a brand-new bathtub. Furthermore, new AC condensers, a new garage door, and a new main entry door have been installed. The images confirm a modern, high-quality aesthetic throughout, particularly in the kitchen with its white shaker cabinets, quartz countertops, decorative backsplash, and stainless steel appliances, and in the bathrooms with contemporary tiling, modern vanities, and a freestanding tub. All components appear new or virtually new, meeting current quality standards with no deferred maintenance.
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 = 45302, living area = 3840.
Extensive Modern Upgrades: The property has undergone significant recent renovations, including new vinyl flooring, fresh interior/exterior paint, high-end kitchen cabinets and appliances, updated electrical and plumbing fixtures, remodeled bathrooms, new AC condensers, and new doors, making it move-in ready.
Stunning Panoramic Views: Boasts a stunning panoramic view of the city and mountains, a highly desirable feature that enhances the property's appeal and potential value.
Spacious Lot and Living Area: Offers a generous 3,840 sq ft of living space on a substantial lot of more than 1 acre, providing ample room for privacy, outdoor activities, and potential future enhancements.
Functional and Flexible Layout: Features a well-designed layout with a primary bedroom and a large secondary bedroom on the entry level, an open kitchen concept, and a versatile downstairs area including a laundry room, wet bar, fireplace, den, and two additional bedrooms.
Desirable Location & Amenities: Located in the tranquil and desirable Woodcrest area of Riverside, complemented by a detached 3-car garage, a deck for outdoor relaxation, and a convenient circular driveway.

Cons

Age of Core Structure: Built in 1984, while many cosmetic and system updates have been made, the underlying structure and some original components are 40 years old, which could lead to unforeseen maintenance needs in the future.
Large Lot Maintenance: A lot exceeding 1 acre, even with recent clearing, implies significant ongoing landscaping and yard maintenance efforts and costs for the homeowner.
Lack of Premium Outdoor Features: Despite the large lot and deck, the description does not mention high-value outdoor amenities such as a pool, spa, or extensive hardscaping, which might be expected by buyers in this price range and desirable area.

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