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16464 Rancho Escondido, Riverside, California 92506, Riverside, 92506 - 3 bed, 2 bath

16464 Rancho Escondido, Riverside, California 92506 home-pic-0
ACTIVE$869,000
16464 Rancho Escondido, Riverside, California 92506
3Beds
2Baths
2,044Sqft
20,473Lot

Price Vs. Estimate

The estimated value ($902,333.605) is $33,333.605 (3%) higher than the list price ($869,000). This property may be underpriced.

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 = 20473, living area = 2044.
Top Cons:
Age and Potential for Updates: Built in 1977, while well-maintained, the property may require updates to systems or aesthetics to meet modern buyer preferences.

Compared to the nearby listings

Price:$869.0K vs avg $728.8K (+$140,175)72%
Size:2,044 sqft vs avg 1,954 sqft56%
Price/sqft:$425 vs avg $38671%

More Insights

Built in 1977 (48 years old).
Condition: Built in 1977, this property is well-maintained for its age but is significantly outdated in style and features. The kitchen has original-style dark wood cabinetry and lacks modern appliances. Bathrooms feature dated vanities, fixtures, and one even includes carpet, indicating a need for full renovation. The presence of shag carpet in living areas and popcorn ceilings further highlights the need for aesthetic updates. While functional, the home requires considerable modernization to meet current standards.
Year Built
1977
Close
-
List price
$869K
Original List price
$869K
Price/Sqft
$425
HOA
-
Days on market
-
Sold On
-
MLS number
IV25242899
Home ConditionFair
Features
Excellent View: City Lights, Canyon, Mountain(s), Panoramic
Patio
ViewCity Lights,Canyon,Mountain(s),Panoramic

About this home

WOODCREST - STUNNING VIEWS & SINGLE STORY RANCH RETREAT! Experience Spectacular, Sweeping city lights, canyon, and mountain views from this beautifully maintained custom single-story ranch home, ideally located in the highly sought-after Woodcrest community. Set on a spacious half-acre lot, this home - on the market for the first time - is truly a rare find! Step inside to discover an open and inviting floor plan featuring a family room with breathtaking views, sunken formal living room, and classic brick fireplace perfect for cozy evenings. The large kitchen opens to the family room, creating an ideal layout for gatherings. Additional highlights include generously sized bedrooms, formal double-door entry, and an enclosed front porch perfect for relaxing. An added bonus is the attached 3-car garage with extra workspace, storage cabinets, workbench and ample RV-Parking. In the pool-sized backyard you will enjoy a covered patio and an abundance of space ready for your vision. This exceptional home has the perfect blend of comfort, space, and pride of ownership - with no HOA and low taxes. Don't miss your chance to make this Woodcrest gem your own. Call today for a private viewing!

Condition Rating
Fair
Built in 1977, this property is well-maintained for its age but is significantly outdated in style and features. The kitchen has original-style dark wood cabinetry and lacks modern appliances. Bathrooms feature dated vanities, fixtures, and one even includes carpet, indicating a need for full renovation. The presence of shag carpet in living areas and popcorn ceilings further highlights the need for aesthetic updates. While functional, the home requires considerable modernization to meet current standards.
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 = 20473, living area = 2044.
Panoramic Views: The property boasts spectacular, sweeping city lights, canyon, and mountain views, enhancing its appeal and value.
Desirable Location & Large Lot: Ideally located in the highly sought-after Woodcrest community on a spacious half-acre lot, offering privacy and potential.
Single-Story Ranch & Open Floor Plan: A beautifully maintained custom single-story ranch home with an open and inviting floor plan, including a large kitchen opening to the family room.
Extensive Parking & Garage Amenities: Features an attached 3-car garage with extra workspace, storage cabinets, workbench, and ample RV-Parking, providing significant utility.
Financial Benefits: Benefits from no HOA fees and low property taxes, reducing ongoing ownership costs.

Cons

Age and Potential for Updates: Built in 1977, while well-maintained, the property may require updates to systems or aesthetics to meet modern buyer preferences.
Sunken Formal Living Room: The presence of a sunken formal living room is a dated design feature that may not appeal to all buyers and can present furnishing challenges.
Undeveloped Backyard: The 'pool-sized backyard' is described as 'ready for your vision,' implying it is currently undeveloped and will require significant investment for landscaping and amenities.

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