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16155 New Canaan, Riverside, California 92504, Riverside, 92504 - 5 bed, 5 bath

16155 New Canaan, Riverside, California 92504 home-pic-0
ACTIVE$1,799,999
16155 New Canaan, Riverside, California 92504
5Beds
5Baths
4,113Sqft
46,173.602Lot

Price Vs. Estimate

The estimated value ($1,728,285.665) is $71,713.335 (3%) lower than the list price ($1,799,999). 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 = 46173, living area = 4113.
Top Cons:
Recent Price Reduction: The property has undergone a price reduction from its original list price of $1.89M to $1.8M, which may indicate initial overpricing or a slower market response.

Compared to the nearby listings

Price:$1.80M vs avg $630.0K (+$1,169,999)95%
Size:4,113 sqft vs avg 1,594.5 sqft88%
Price/sqft:$438 vs avg $41262%

More Insights

Built in 2023 (2 years old).
Condition: This property, built in 2023, is a brand new construction showcasing modern luxury and high-end finishes throughout. The gourmet kitchen features a stunning 12-foot Taj Mahal quartz waterfall island, 48-inch Subzero built-in fridge, 48-inch commercial range with pot filler, and three ovens, all in pristine condition. Bathrooms are equally luxurious with modern fixtures, a freestanding tub, and large glass-enclosed showers. The home boasts upgraded wood flooring, plantation shutters, owned solar, and a house battery, indicating top-tier quality, energy efficiency, and no deferred maintenance, aligning perfectly with 'excellent' condition criteria.
Year Built
2023
Close
-
List price
$1.8M
Original List price
$1.89M
Price/Sqft
$438
HOA
-
Days on market
-
Sold On
-
MLS number
CV25245076
Home ConditionExcellent
Features
Good View: City Lights, Canyon, Hills, Mountain(s), Vineyard
Patio
ViewCity Lights,Canyon,Hills,Mountain(s),Vineyard

About this home

Welcome to Mockingbird Canyon where you can experience modern luxury and family living at its finest. Nestled on over an acre of premium Riverside land, this estate delivers more than 4,100 square feet of thoughtfully designed living space with no detail overlooked. This single-level home features 5 bedrooms and 4½ bathrooms. 4 bedrooms appointed with their own private en-suite bath and generous walk-in closet in all, delivering both comfort and privacy throughout. The heart of the home is the gourmet kitchen, showcasing a stunning 12-foot Taj Mahal quartz waterfall island, 48in Subzero built in fridge, 48in commercial range with pot filler, 3 ovens, and 2 walk-in pantries, all flowing seamlessly into the expansive great room for effortless entertaining. With upgraded wood flooring and plantation shutters throughout. Enjoy California indoor-outdoor living with covered patios, scenic mountain views, and endless potential to create your dream retreat—complete with a 12x16 ft. shed for added functionality. For the car enthusiast, there is a 4-car attached tandem garage ensuring ample storage and vehicle space with a 75ft setback driveway. Complete with owned solar and a house battery, this home combines energy-efficient design with timeless craftsmanship, blending modern sophistication and family comfort in every detail.

Condition Rating
Excellent
This property, built in 2023, is a brand new construction showcasing modern luxury and high-end finishes throughout. The gourmet kitchen features a stunning 12-foot Taj Mahal quartz waterfall island, 48-inch Subzero built-in fridge, 48-inch commercial range with pot filler, and three ovens, all in pristine condition. Bathrooms are equally luxurious with modern fixtures, a freestanding tub, and large glass-enclosed showers. The home boasts upgraded wood flooring, plantation shutters, owned solar, and a house battery, indicating top-tier quality, energy efficiency, and no deferred maintenance, aligning perfectly with 'excellent' condition criteria.
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 = 46173, living area = 4113.
New Construction & Modern Luxury: Built in 2023, this estate offers contemporary design, high-end finishes, and thoughtful living spaces, representing modern luxury and family comfort at its finest.
Gourmet Chef's Kitchen: The heart of the home features a stunning 12-foot Taj Mahal quartz waterfall island, 48in Subzero built-in fridge, 48in commercial range with pot filler, 3 ovens, and 2 walk-in pantries, ideal for culinary enthusiasts and entertaining.
Spacious & Functional Layout: Over 4,100 sqft of single-level living space with 5 bedrooms and 4.5 bathrooms, including 4 en-suite bedrooms with walk-in closets, providing exceptional comfort and privacy.
Premium Acreage & Views: Nestled on over an acre of land, the property boasts covered patios, scenic mountain views, city lights, canyon, hills, and vineyard views, offering significant outdoor potential and privacy.
Energy Efficiency & Ample Parking: Equipped with owned solar and a house battery for energy savings, complemented by a 4-car attached tandem garage and a 75ft setback driveway for extensive vehicle storage and parking.

Cons

Recent Price Reduction: The property has undergone a price reduction from its original list price of $1.89M to $1.8M, which may indicate initial overpricing or a slower market response.
Extensive Lot Maintenance: While the over one-acre lot offers significant space and potential, it also implies substantial ongoing landscaping and outdoor maintenance requirements, which may not appeal to all buyers.
Lack of Integrated Pool/Spa: Despite being a luxury estate on a large lot with 'endless potential,' the absence of an existing pool or spa may be a drawback for buyers expecting these amenities at this price point in Southern California, requiring additional investment.

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