16094 Mariposa Avenue, Riverside, California 92504, Riverside, 92504 - 5 bed, 4 bath

16094 Mariposa Avenue, Riverside, California 92504 home-pic-0
ACTIVE$1,999,999
16094 Mariposa Avenue, Riverside, California 92504
5Beds
4Baths
5,084Sqft
161,607.594Lot

Price Vs. Estimate

The estimated value ($1,999,999) is $0 (0%) lower than the list price ($1,999,999). 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 = 161607, living area = 5084.
Top Cons:
Multiple Price Reductions: The property has undergone several price reductions from its original listing price, which may suggest an initial overvaluation or challenges in attracting buyers at its current price point.

Compared to the nearby listings

Price:$2.00M vs avg $630.0K (+$1,369,999)97%
Size:5,084 sqft vs avg 1,594.5 sqft98%
Price/sqft:$393 vs avg $41240%

More Insights

Built in 2017 (8 years old).
Condition: This property, built in 2017, is a former model home with extensive upgrades, placing it well within the 'Excellent' criteria of being built within 10 years and featuring virtually new components. The description highlights 'TWO KITCHENS, TWO ISLANDS, Upgraded Cabinetry, Quartz Countertops, Stainless Steel Appliances, Custom Refrigerator, Designer Backsplash' and a 'Most Amazing Bathroom' with an 'INCREDIBLE' shower and soaking tub. The images confirm a modern, high-end aesthetic throughout, including hardwood flooring, contemporary light fixtures, and pristine conditions in all visible areas. There is no evidence of deferred maintenance or physical depreciation. The outdoor amenities, including a massive pool, spa, and outdoor kitchen, further underscore its top-tier condition and luxury features.
Year Built
2017
Close
-
List price
$2M
Original List price
$2.13M
Price/Sqft
$393
HOA
-
Days on market
-
Sold On
-
MLS number
P1-23292
Home ConditionExcellent
Features
Excellent View: City Lights, Canyon
Pool
Spa
Patio
ViewCity Lights,Canyon

About this home

This is a UNIQUE OPPORTUNITY to Enjoy ranch style living on this SPECTACULAR 3.71 acre estate, which is zoned for private equestrian use. The estate includes a HUGE OUTDOOR BAR, POOL, SPA, BBQ, & RV PARKING. This FORMER MODEL HOME is Absolutely STUNNING and located in the Highly Desirable Estate Development of Mockingbird Canyon with MASSIVE UPGRADES!!! This is an ENTERTAINER'S DREAM with the Most INCREDIBLE Backyard with Views!!! The Beautiful Home is 5 Bedrooms, 4 Baths, 5084 Sq. Ft, 3 Car Garage with an open concept Floorplan including TWO KITCHENS, TWO ISLANDS, Upgraded Cabinetry, Quartz Countertops, Stainless Steel Appliances, Custom Refrigerator, Designer Backsplash and a Second Kitchen with tons of cooking space. The Family Room has a Fireplace with TWO Dining Areas and TWO Massive Sliding Doors opening the whole back of House to Canyon and City Lights Views!!! There is an additional Bedroom and Full bath downstairs with a separate Office currently being used as a Pool Room. The Primary Bedroom has Custom Wood Details on the Ceiling, Built-in Cabinetry with an attached Sitting Room perfect for a Nursery or Office and the Most Amazing Bathroom!!! The Shower is INCREDIBLE with two entry doors, and a Soaking Tub, Double Sinks with a Huge Walk-In Closet. There is another Family Room/Loft upstairs with two additional Bedrooms and Bathroom. The Backyard is SPECTACULAR with a Massive POOL, SPA, Custom FIREPLACE, COVERED OUTDOOR KITCHEN/BBQ area with tons of Seating around the BAR and a separate Dining Area next to the Fireplace and TV. There is lots of room for RV Parking on the side of home and another separate back gate leading to a huge amount of usable land below perfect for Horses, Toys, RV's, or anything you can DREAM UP. No HOA. This Home is AMAZING!!!

Condition Rating
Excellent

This property, built in 2017, is a former model home with extensive upgrades, placing it well within the 'Excellent' criteria of being built within 10 years and featuring virtually new components. The description highlights 'TWO KITCHENS, TWO ISLANDS, Upgraded Cabinetry, Quartz Countertops, Stainless Steel Appliances, Custom Refrigerator, Designer Backsplash' and a 'Most Amazing Bathroom' with an 'INCREDIBLE' shower and soaking tub. The images confirm a modern, high-end aesthetic throughout, including hardwood flooring, contemporary light fixtures, and pristine conditions in all visible areas. There is no evidence of deferred maintenance or physical depreciation. The outdoor amenities, including a massive pool, spa, and outdoor kitchen, further underscore its top-tier condition and luxury features.
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 = 161607, living area = 5084.
Expansive & Versatile Acreage: This 3.71-acre estate is zoned for private equestrian use, offering significant usable land for horses, RVs, or other recreational activities, providing unique flexibility and potential.
Luxurious Outdoor Entertainment Oasis: The property boasts an incredible backyard designed for entertaining, featuring a massive pool, spa, custom fireplace, huge outdoor bar, covered outdoor kitchen/BBQ area, and ample seating.
High-End Model Home Finishes: As a former model home, it showcases massive upgrades, an open-concept floorplan, two gourmet kitchens with high-end appliances, quartz countertops, and custom designer details throughout.
Panoramic Canyon & City Lights Views: The home offers stunning canyon and city lights views, enhancing the property's aesthetic appeal and providing a picturesque backdrop for both indoor and outdoor living.
Modern & Spacious Interior Design: Built in 2017, this 5-bedroom, 4-bath, 5084 sq. ft. home features an open concept, a dedicated office/pool room, and a luxurious primary suite with custom details and a spa-like bathroom.

Cons

Multiple Price Reductions: The property has undergone several price reductions from its original listing price, which may suggest an initial overvaluation or challenges in attracting buyers at its current price point.
High Maintenance & Operational Costs: The extensive acreage, elaborate outdoor amenities (pool, spa, outdoor kitchen), and large home size imply significant ongoing maintenance requirements and associated costs, which could be a deterrent for some buyers.
Niche Market Appeal: While offering unique features like equestrian zoning and extensive entertainment facilities, these specialized attributes may appeal to a narrower buyer demographic, potentially extending market time.

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