16848 Wood Song Court, Riverside, California 92504, Riverside, 92504 - 4 bed, 4 bath

16848 Wood Song Court, Riverside, California 92504 home-pic-0
ACTIVE$1,150,000
16848 Wood Song Court, Riverside, California 92504
4Beds
4Baths
3,266Sqft
43,560Lot

Price Vs. Estimate

The estimated value ($982,628.65) is $167,371.35 (14%) lower than the list price ($1,150,000). This property may be overpriced.

Key pros and cons

Top Pros:
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 = 43560, living area = 3266.
Top Cons:
Significant Price Discrepancy: The current listing price of $1.15M is considerably higher than the estimated market value of $982,628, which may indicate overpricing and could pose challenges during appraisal or in attracting competitive offers.

Compared to the nearby listings

Price:$1.15M vs avg $630.0K (+$520,000)83%
Size:3,266 sqft vs avg 1,594.5 sqft83%
Price/sqft:$352 vs avg $41223%

More Insights

Built in 2004 (21 years old).
Condition: The property was built in 2004, making it 20 years old. While it was a former model home with original upgrades like hardwood flooring and built-in cabinetry, the kitchen and bathrooms show signs of being outdated. The kitchen features traditional wood cabinets, tiled countertops, and a tiled backsplash, along with a mix of stainless steel and white appliances. The bathrooms also have tiled countertops and traditional fixtures consistent with the early 2000s build. The home is well-maintained and move-in ready, but the interior finishes, particularly in the kitchen and bathrooms, would require minor updates to meet current aesthetic standards, aligning with the 'Fair' condition criteria.
Year Built
2004
Close
-
List price
$1.15M
Original List price
$1.2M
Price/Sqft
$352
HOA
-
Days on market
-
Sold On
-
MLS number
TR25032774
Home ConditionFair
Features
Good View: Neighborhood
Patio
ViewNeighborhood

About this home

First time on the market since it was Built & Sold! Here’s an Opportunity to purchase this Former Bridel Creek Model Home. Enjoy this beautiful home with plenty of outdoor living both in the large front patio with it’s own fireplace or the large rear patio for those entertaining events or simply enjoy the outdoor tranquil yard for those amazing sunsets. Benefit from the plenty of upgrades such as the outdoor fireplace, Hardwood flooring, built in cabinetry, kitchen cabinets, and outdoor patio to name a few. This property sits on a 1 Acre Lot with 4 bedrooms, 3-1/2 Baths, Library(office), Open Floor Plan, Bar, Fireplace both inside and outside, 3 Car Garage, Plenty of Usable Land & more than enough room for RV Parking and outdoor Toys. The Backyard has unlimited potential for a pool, pickle ball court, basketball court and more without compromising the backyard living patio. Comfortably store 3 cars in the garage plus another 3 cars in the driveway.

Condition Rating
Fair

The property was built in 2004, making it 20 years old. While it was a former model home with original upgrades like hardwood flooring and built-in cabinetry, the kitchen and bathrooms show signs of being outdated. The kitchen features traditional wood cabinets, tiled countertops, and a tiled backsplash, along with a mix of stainless steel and white appliances. The bathrooms also have tiled countertops and traditional fixtures consistent with the early 2000s build. The home is well-maintained and move-in ready, but the interior finishes, particularly in the kitchen and bathrooms, would require minor updates to meet current aesthetic standards, aligning with the 'Fair' condition criteria.
Pros & Cons

Pros

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 = 43560, living area = 3266.
Expansive Lot with Development Potential: The property boasts a generous 1-acre lot with ample usable land, offering significant potential for future enhancements such as a pool, pickleball court, basketball court, and extensive RV parking, catering to diverse lifestyle needs.
Enhanced Outdoor Living Spaces: Features include a large front patio with its own fireplace and a spacious rear patio, both designed for entertaining and enjoying the tranquil outdoor environment and sunsets.
Model Home Quality & Upgrades: As a former Bridel Creek Model Home, the property likely includes higher-end finishes and numerous upgrades from its original build, such as hardwood flooring, built-in cabinetry, and upgraded kitchen cabinets.
Spacious and Functional Interior Layout: The home offers a well-designed open floor plan with 4 bedrooms, 3.5 baths, a dedicated library/office, and an interior bar, providing ample space and versatility for family living and entertaining.
Ample Parking and Storage: Equipped with a 3-car garage and abundant space for RV parking and outdoor toys, addressing practical needs for vehicle storage and recreational equipment.

Cons

Significant Price Discrepancy: The current listing price of $1.15M is considerably higher than the estimated market value of $982,628, which may indicate overpricing and could pose challenges during appraisal or in attracting competitive offers.
Undeveloped Outdoor Amenities: While the large lot offers potential for a pool or sports courts, these premium features are not currently installed, requiring substantial additional investment and effort from a buyer to realize the property's full outdoor potential, unlike some comparable properties.
Potential for Dated Interior Finishes: Built in 2004, the property is 20 years old. Despite original upgrades, without explicit mention of recent major renovations (e.g., a fully remodeled kitchen or bathrooms), some interior elements may be perceived as dated by modern buyers, potentially necessitating further updates.

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