16575 Bonanza Dr, Riverside, California 92504, Riverside, 92504 - 3 bed, 4 bath
16575 Bonanza Dr
Riverside, California 92504
Property Price
SUMMARY
Analysis of 16575 Bonanza Dr, Riverside, California 92504 reveals a Fairly Priced Property with a current list price of $1,375,000 aligned with the estimated $1,336,836 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 |
|---|---|---|---|---|---|---|
★ 16575 Bonanza Dr Subject | $1,375,000* List Price | 3 | 4 | 3,845 | $348 | - |
A 16948 16948 Alita Sold | $1,375,000 | 4 | 5 | 3,964 | $347 | 0.4 mi |
B 16031 Suttles Drive Sold | $988,888 | 4 | 3 | 3,106 | $318 | 0.6 mi |
C 16130 Reiner Circle Active | $1,690,000 List Price | 5 | 5 | 4,309 | $392 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property, built in 1989, has been recently painted and upgraded, suggesting good overall condition. The kitchen features custom red cabinetry and granite countertops, which appear well-maintained, though the style might be considered dated by some. The bathrooms, while functional, show a similar style with granite countertops and standard fixtures, indicating they are not recently renovated but are in good working order. The flooring appears to be a mix of tile and carpet, both in good condition. The presence of a pool house and extensive outdoor amenities adds significant value. While not a recent full renovation, the property is move-in ready with no immediate major repairs needed, fitting the 'good' category.
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 = 43995, living area = 3845.
- Expansive Acreage
The property sits on an impressive 1-acre lot, offering significant privacy and potential for outdoor activities and expansion.
- Resort-Style Amenities
Features a dazzling swimming pool, custom BBQ area, fire pit, and a full-size basketball court, creating an exceptional entertainment and recreational environment.
CONSRISKS & DEFICIENCIES
- Excluded Chandeliers
Two specific chandeliers are excluded from the sale, which may require the buyer to source replacements.
- No Mention of Central Air/Heating
The description does not explicitly mention a central cooling system, which could be a concern in warmer climates.
- Single-Story Layout
While a single-story home offers accessibility, some buyers may prefer a multi-story layout for separation of living spaces.
About 16575 Bonanza Dr
Welcome to your dream oasis in the sought after Woodcrest community of Riverside, Ca! This beautiful single-story estate is a 3 bedroom 2 bath with an in home office on an expansive 1-acre lot, offering the perfect blend of luxury and relaxation. Recently painted and upgraded. The open floor plan is designed for both relaxation and grand entertaining. Outside, the property transforms into a resort-style retreat.The heart of the property features a dazzling swimming pool, entertain family and friends in your custom BBQ area or gather around the cozy fire pit. Sports lovers will delight in the full-size basketball court. A stunning pool house with attached garage provides privacy and comfort for visitors or can be transformed into your own creative space. Don't miss out on this unique opportunity to own a slice of paradise; come experience it today before it's gone! There are TWO chandeliers that are excluded.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1989
- Lot Size
- 43,995.602 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 4 (4 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 | 3.0 | 3.0 | 50% |
| Baths | 4.0 | 2.0 | 87% |
| Square foot | 3,845 | 1,540 | 90% |
| Lot Size | 43,995.602 | 8,712 | 82% |
| Price | $1.38M | $620.0K | 89% |
| Price per sq ft | $358 | $412 | 24% |
| Built year | 1989 | 1959 | 84% |
| HOA | $0 | $0 | 50% |
| Days on market | 42 | 183 | 3% |
Pricing History
Listed for Sale
Jan 24, 2026
$1,375,000
Initial Listing