16668 Lake Knoll, Riverside, California 92503, Riverside, 92503 - 4 bed, 3 bath
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Riverside, California 92503
This Value-Add Hillside Residence is a Strong Value Opportunity, listed at $739,000—positioned well below the $788,089 Fair Market Value by 6%. This valuation gap provides $49,089 in Instant Equity for buyers. While currently in Fair Condition, the property features high-value assets including Panoramic City Views, a Sparkling Pool and Spa, and access to the 8/10 Rated Lake Hills Elementary within the Alvord Unified District. With cosmetic modernization, this asset offers significant appreciation potential in a prestigious community. It is an ideal acquisition for Fix-and-Flip Investors or Owner-Occupants seeking to build equity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 16668 Lake Knoll Subject | $739,000* List Price | 4 | 3 | 2,261 | $349 | - |
A 16727 Lake Knoll Sold | $895,000 | 4 | 3 | 2,117 | $423 | 0.3 mi |
B 17015 Knollbrook Place Sold | $760,000 | 4 | 3 | 2,261 | $336 | 0.2 mi |
C 16797 Rainy Vale Sold | $692,999 | 4 | 3 | 2,117 | $327 | 0.4 mi |
D 17094 Noble View Sold | $842,999 | 4 | 2 | 2,754 | $306 | 0.3 mi |
E 3177 Wicklow Drive Sold | $708,000 | 4 | 3 | 2,142 | $331 | 1.0 mi |
F 16825 Winterbrook Active | $795,000 List Price | 3 | 3 | 2,147 | $370 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1987, this property is nearly 40 years old and appears to be in mostly original condition. The kitchen and bathrooms feature dated oak cabinetry, tile countertops, and older fixtures typical of the late 80s. While the home offers high-value features like a pool, spa, and panoramic views, the interior shows significant wear, particularly on the carpets, and the listing explicitly mentions the need for 'TLC.' It meets the 'fair' criteria as a functional but outdated home requiring cosmetic updates and minor repairs.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11326, living area = 2261.
The property features breathtaking panoramic city and hill views, complemented by a private backyard with a sparkling pool and spa, ideal for high-end entertaining.
Situated in the highly sought-after Lake Hills community, this home offers a premium location known for its prestige, tranquility, and strong neighborhood appeal.
The property is noted as needing 'TLC,' indicating that immediate investment in repairs and cosmetic updates is required to bring the home to its full potential.
Built in 1987, the home likely requires modernization of its original interior finishes and mechanical systems to meet current energy efficiency and aesthetic standards.
Welcome to this lovely home nestled in the highly sought-after Lake Hills community and offering extraordinary panoramic views of the city. Featuring four spacious bedrooms and three bathrooms, this residence boasts an open and versatile floor plan designed for comfortable living and entertaining. Separate living room, dining room, and family room areas lend space to everyone. Step outside into the backyard oasis where breathtaking views take center stage, complemented by a sparkling pool and relaxing spa. This space is perfect for entertaining and enjoying the sunsets while hosting friends and family. A generous 3-car garage provides ample space for parking and storage. With its unbeatable location, incredible layout, and endless potential, this home is a rare opportunity. With a little TLC, it can truly become a stunning showcase property. Showings to begin 4/6/2026.
No exterior & parking available.
Grades K-5 • 1.0 mi
Grades K-5 • 1.1 mi
Grades 6-8 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 2.0 | 51% |
| Square foot | 2,261 | 1,634 | 71% |
| Lot Size | 11,326 | 7,841 | 76% |
| Price | $739.0K | $660.0K | 64% |
| Price per sq ft | $327 | $390 | 22% |
| Built year | 1987 | 1986 | 53% |
| HOA | $0 | $0 | 50% |
| Days on market | 19 | 180 | 0% |
Apr 3, 2026
$739,000
Initial Listing