16481 Valle Vista Way, Riverside, California 92506, Riverside, 92506 - 5 bed, 3 bath

16481 Valle Vista Way
Riverside, California 92506
Property Price
SUMMARY
Analysis of 16481 Valle Vista Way, Riverside, California 92506 reveals a Fairly Priced Property with a current list price of $879,900 aligned with the estimated $879,900 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Riverside Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 16481 Valle Vista Way Subject | $879,900* List Price | 5 | 3 | 1,914 | $460 | - |
A 15471 Washington Street Sold | $775,000 | 4 | 2 | 2,006 | $386 | 0.3 mi |
B 15110 Golden Star Avenue Sold | $988,000 | 4 | 3 | 2,210 | $447 | 0.3 mi |
C 1520 Highridge Pending | $850,000 List Price | 4 | 2 | 1,494 | $569 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
Built in 1979, this property has undergone significant and recent renovations, including fresh interior/exterior paint, all-new carpet, a newly renovated pool and spa with new equipment, paid-off solar, and an upgraded 200 Amp electrical panel. The kitchen is upgraded with granite countertops and stainless steel appliances, and the bathrooms are clean and functional with updated vanities and tile work. While the kitchen and bathroom styles are not ultra-modern, they are well-maintained and move-in ready, aligning with the 'Good' criteria of extensive renovations within 5-15 years and no immediate renovation required.
PROSSTRENGTHS & OPPORTUNITIES
- 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 = 38333, living area = 1914.
- Equestrian & Expansion Potential
The elevated 0.88-acre lot is zoned for horses and offers ample space for animal facilities, RV parking, or future structural expansion, appealing to a niche market seeking a rural lifestyle.
- Versatile Additional Living Space
A thoughtful garage conversion provides a 5th bedroom and 3rd bathroom, creating flexible space ideal for multi-generational living, a home office, or guest quarters.
CONSRISKS & DEFICIENCIES
- Age of Construction
Built in 1979, while cosmetically updated, the property's age suggests that some core systems (e.g., plumbing, original HVAC) may be older and could require future maintenance or upgrades.
- Reduced Garage Capacity
The conversion of the original 3-car garage into additional living space and a 1-car garage significantly reduces dedicated vehicle storage, which may not suit buyers needing more garage space.
- Market Price Adjustments
Multiple price reductions from the original listing price could indicate initial overvaluation or suggest a need for further market alignment to attract a buyer.
About 16481 Valle Vista Way
Set amid the scenic rolling hills of Woodcrest, 16481 Valle Vista Way presents a rare opportunity to own an authentic horse property that combines rural tranquility with everyday convenience. This single-story ranch-style residence offers 4 bedrooms, 2 bathrooms, and approximately 1,914 square feet of comfortable living space, set on an elevated 0.88-acre lot, ideal for equestrian use or future expansion. Inside, a spacious living room opens to an upgraded kitchen featuring generous cabinetry and counter space, while the adjacent dining area provides a welcoming setting for family gatherings or entertaining. The well-appointed bedrooms include a primary suite with a private bath and ample wardrobe storage. Recent improvements include fresh interior and exterior paint and all-new carpet throughout. A thoughtful garage conversion has transformed the original 3-car configuration into a versatile space that now includes a 5th bedroom, 3rd bathroom, and a 1-car garage—perfect for guests, a home office, or multi-generational living. Outdoors, the newly renovated pool and spa with an aqua blue mini pebble finish and new Pentair filtration pump and heater create a private oasis surrounded by open land with endless possibilities. The property also features a long private driveway, paid-off solar, upgraded 200 Amp electrical panel, 50 Amp electrical outlet for RV or EV, and ample room for RV parking, animal facilities, or additional structures. Zoned for horses and enveloped by rural charm, this home offers a true country lifestyle without sacrificing modern convenience. Located in one of Woodcrest’s most desirable areas, this property offers easy access to top-rated schools, shopping, and major freeways—blending privacy, functionality, and the best of Southern California living.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1979
- Lot Size
- 38,333 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 88% |
| Baths | 3.0 | 2.0 | 52% |
| Square foot | 1,914 | 2,006 | 47% |
| Lot Size | 38,333 | 10,454 | 88% |
| Price | $879.9K | $750.0K | 73% |
| Price per sq ft | $460 | $386 | 80% |
| Built year | 1979 | 1969 | 66% |
| HOA | $0 | $0 | 50% |
| Days on market | 141 | 184 | 32% |
Pricing History
Listed for Sale
Jan 20, 2026
$879,900
$889,900
-1% Price Drop
Initial Listing
Price Change
Nov 10, 2025
$889,900
$919,999
-3% Price Drop
Initial Listing
Price Change
Oct 17, 2025
$919,999
Initial Listing








































































