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16783 Lake Knoll, Riverside, California 92503, Riverside, 92503 - 4 bed, 3 bath

16783 Lake Knoll, Riverside, California 92503 home-pic-0
ACTIVE$759,000
16783 Lake Knoll, Riverside, California 92503
4Beds
3Baths
2,117Sqft
9,148Lot
Year Built
1988
Close
-
List price
$759K
Original List price
$800K
Price/Sqft
$359
HOA
$109
Days on market
-
Sold On
-
MLS number
IG25124537
Home ConditionGood
Features
Good View: Hills
Patio
ViewHills

About this home

Possibly Over-Priced:The estimated price is 5% below the list price. We found 3 Cons,5 Pros. Rank: price - $759.0K(66th), sqft - 2117(63th), beds - 4(50th), baths - 3(50th).

***PAID OFF SOLAR + NEW FLOORING & PAINT THROUGHOUT*** Welcome to 16783 Lake Knoll Parkway, a beautifully updated home located in the highly sought-after Lake Hills community of Riverside. This spacious residence features 4 bedrooms, 3 bathrooms, and a bright, open layout highlighted by soaring vaulted ceilings and an abundance of natural light. The home has just been refreshed with brand new flooring throughout and fresh interior paint, making it move-in ready for its new owners! Enjoy multiple living spaces, including a separate formal living room, a large family room perfect for gatherings, and a formal dining area ideal for entertaining. The kitchen offers a functional layout with an island, breakfast nook, and plenty of cabinet space. Additional conveniences include an indoor laundry room, and a 3-car garage equipped with ample room for a workbench or storage. Situated in a quiet and well-maintained neighborhood, the home is just minutes from schools, shopping, Metrolink, and easy access to the 91, 15, and 60 freeways. Don’t miss your opportunity to own this turnkey home in one of Riverside’s most desirable communities—this one is a must-see!

Nearby schools

8/10
Lake Hills Elementary School
Public,•K-5•1.2mi
3/10
Allan Orrenmaa Elementary School
Public,•K-5•1.5mi
6/10
Arizona Middle School
Public,•6-8•1.1mi
5/10
Ysmael Villegas Middle School
Public,•6-8•2.7mi
6/10
Hillcrest High School
Public,•9-12•1.7mi

Price History

Date
Event
Price
09/03/25
Price Change
$759,000-0.8%
08/11/25
Price Change
$765,000-1.3%
08/05/25
$775,000
06/03/25
$800,000
Condition Rating
Good
The property is move-in ready with recent cosmetic updates including brand new flooring and fresh interior paint throughout. While the kitchen features older wood cabinets, tile countertops, and dated lighting, and the bathrooms show signs of age with older fixtures, they are clean and functional. The presence of paid-off solar panels is a significant upgrade. Overall, the home is well-maintained and functional, fitting the 'Good' criteria of being move-in ready with some updated components, even if major areas like kitchen and baths are not fully modernized.
Pros & Cons

Pros

Energy Efficiency & Cost Savings: Features a paid-off solar system, significantly reducing utility costs for the homeowner.
Turnkey Condition: Recently updated with brand new flooring and fresh interior paint throughout, offering a truly move-in ready experience.
Spacious & Functional Layout: Boasts a bright, open layout with soaring vaulted ceilings, multiple distinct living areas (formal living, family room, dining), and a functional kitchen with an island.
Desirable Community & Accessibility: Located in the highly sought-after Lake Hills community, providing convenient access to schools, shopping, Metrolink, and major freeways (91, 15, 60).
Practical Home Features: Includes an indoor laundry room and a large 3-car garage, offering ample storage and utility space.

Cons

Age of Core Systems: Built in 1988, while cosmetically updated, major systems like HVAC, plumbing, or roof may be original or nearing their typical lifespan, potentially requiring future investment.
Ongoing HOA Fees: The property is subject to a monthly Homeowners Association fee of $109, which adds to the recurring cost of ownership.
Recent Price Reductions: Multiple price adjustments from the original list price may suggest a longer time on market or a need to align with current market value perceptions.

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