1618 Southport Drive, Riverside, California 92506, Riverside, 92506 - 5 bed, 4 bath
ACTIVE$1,125,000
1618 Southport Drive, Riverside, California 92506
5Beds
4Baths
3,650Sqft
21,780Lot
Price Vs. Estimate
The estimated value ($819,363.7) is $305,636.3 (27%) lower than the list price ($1,125,000). 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 = 21780, living area = 3650.
Top Cons:
Significant Price Discrepancy: The current list price is notably higher than the property's estimated market value, indicated by a -27% estimation ratio, which may impact market competitiveness.
Compared to the nearby listings
Price:$1.12M vs avg $728.8K (+$396,175)87%
Size:3,650 sqft vs avg 1,954 sqft89%
Price/sqft:$308 vs avg $38611%
More Insights
Built in 1987 (38 years old).
Condition: Built in 1987, this property has been significantly updated, including an updated kitchen with newer stainless steel appliances, granite countertops, and modern wood-look laminate flooring throughout the main living areas. The overall condition appears move-in ready with no immediate renovations required, aligning with a property extensively renovated within the last 5-15 years. While some elements like certain light fixtures and the style of kitchen cabinets/granite might not be cutting-edge modern, they are clean, functional, and well-maintained.
Year Built
1987
Close
-
List price
$1.13M
Original List price
$1.31M
Price/Sqft
$308
HOA
-
Days on market
-
Sold On
-
MLS number
IV25059574
Home ConditionGood
Features
Good View: Neighborhood
Pool
Spa
Patio
ViewNeighborhood
About this home
***NEW PRICE, sell may help with rate buy down***Alessandro Heights- The Colony- Popular floorplan with nearly 4,000 square feet of living space. 5 bedrooms with one bedroom and full bath on the first floor that is ideal for multi generational living. Updated kitchen with newer appliances, spacious indoor laundry, oversized 3 car garage, RV parking, and PAID OFF solar. Sparkling pool and spa, expansive lawn with stunning views across the citrus grove and mature trees. Updated flooring, detailed finish work, and so much more. Rare combination of 3 car garage, RV parking, and 1/2 acre lot! Formal living room, family room, dining room, and 3 fireplaces. Spacious guest rooms and ample storage throughout.
Condition Rating
Good
Built in 1987, this property has been significantly updated, including an updated kitchen with newer stainless steel appliances, granite countertops, and modern wood-look laminate flooring throughout the main living areas. The overall condition appears move-in ready with no immediate renovations required, aligning with a property extensively renovated within the last 5-15 years. While some elements like certain light fixtures and the style of kitchen cabinets/granite might not be cutting-edge modern, they are clean, functional, and well-maintained.
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 = 21780, living area = 3650.
Spacious Layout & Large Lot: Expansive 3,650 sqft floorplan on a substantial 0.5-acre lot, offering ample room for comfortable living and outdoor enjoyment.
Multi-Generational Living Potential: Features a convenient first-floor bedroom and full bath, ideal for multi-generational families or private guest accommodations.
Modern Updates & Energy Efficiency: Benefits from an updated kitchen with newer appliances, updated flooring, and paid-off solar panels, enhancing value and reducing utility costs.
Extensive Parking & Storage: Offers an oversized 3-car garage and dedicated RV parking, a rare and highly desirable combination for vehicles and recreational equipment.
Desirable Location with Scenic Outlook: Situated in the sought-after Alessandro Heights-The Colony neighborhood, featuring picturesque views across a citrus grove and mature trees.
Cons
Significant Price Discrepancy: The current list price is notably higher than the property's estimated market value, indicated by a -27% estimation ratio, which may impact market competitiveness.
Property Age: Built in 1987, the property's age, despite some updates, may imply potential for ongoing maintenance or a desire for further modernization by some buyers.
Ambiguous View Classification: While the description highlights 'stunning views,' the official listing categorizes the view simply as 'Neighborhood,' potentially underselling a key aesthetic asset.