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

16481 Valle Vista Way, Riverside, California 92506 home-pic-0

16481 Valle Vista Way

Riverside, California 92506

ACTIVE UNDER CONTRACT
CONDITION: GOOD
5Beds
3Baths
1,914Sq Ft
38,333Lot Size

Property Price

LIST PRICE$879,900
EST. MARKET VALUE
$879,900

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

$879,900
Based on Realkey algorithm analyzing recent comparable sales in Riverside.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
16481 Valle Vista Way
Subject
$879,900*
List Price
531,914$460-
A
15471 Washington Street
Sold
$775,000422,006$3860.3 mi
B
15110 Golden Star Avenue
Sold
$988,000432,210$4470.3 mi
C
1520 Highridge
Pending
$850,000
List Price
421,494$5690.6 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Good
TeardownExcellent

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

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds5.04.0
88%
Baths3.02.0
52%
Square foot1,9142,006
47%
Lot Size38,33310,454
88%
Price$879.9K$750.0K
73%
Price per sq ft$460$386
80%
Built year19791969
66%
HOA$0$0
50%
Days on market141184
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

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