16872 Iris, Riverside, California 92504, Riverside, 92504 - 3 bed, 2 bath
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Riverside, California 92504
This Spacious Ranch Estate represents a Prime Investment Opportunity, listed at $899,888—positioned well below the $924,901 Fair Market Value by 2%. This valuation gap offers $25,013 in Instant Equity. While the home holds a Condition Rating of 4, its expansive 1.08-Acre Lot provides significant ADU Potential alongside a Private Pool, Spa, and Mountain Views. Located within the Riverside Unified School District, this property is an ideal acquisition for Owner-Occupants or Multi-generational Families seeking a value-add sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 16872 Iris Subject | $899,888* List Price | 3 | 2 | 2,950 | $332 | - |
A 17438 Sunset View Sold | $930,000 | 4 | 3 | 3,442 | $270 | 0.9 mi |
B 16563 Tava Sold | $850,000 | 4 | 2 | 2,300 | $370 | 0.3 mi |
C 16101 Washington Street Sold | $910,000 | 4 | 2 | 2,532 | $359 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1987, this property is well-maintained but remains largely in its original state with significant stylistic obsolescence. The kitchen features dated oak cabinetry, tile countertops with wood trim, and an era-specific floral vent hood. Interior finishes include older wall-to-wall carpeting, wallpaper, and fluorescent light boxes that reflect the home's age. While the exterior shows pride of ownership and includes modern solar panels, the interior requires comprehensive cosmetic updates to meet contemporary standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 47044, living area = 2950.
Situated on over an acre of land, the property offers a massive front lot with significant potential for an Accessory Dwelling Unit (ADU), complemented by a private pool, spa, and spacious cabana.
The 2,950 sqft interior is purpose-built for hosting, featuring a dedicated built-in bar, formal dining with custom shelving, and a family room with rustic exposed wood beams and a cozy fireplace.
Despite the generous square footage, the home only offers three bedrooms, which may be a drawback for larger families or buyers expecting more sleeping quarters in a house of this size.
The extensive 1.08-acre lot, mature landscaping, and large pool facilities will require significant ongoing time and financial investment for proper upkeep and landscaping.
Nestled in a serene location, this stunning home offers the perfect blend of privacy and convenience. With a long, driveway that leads you to the front door, you'll immediately feel the sense of peace and seclusion, while still being just moments away from shopping and dining options in the area. A true hidden gem! The front porch boasts breathtaking views of the surrounding mountains, allowing you to start and end each day in tranquility. Surrounded by mature trees and lush greenery, this property is truly an oasis, providing the perfect escape from the hustle and bustle of everyday life. With a large front lot that has endless possibilities for a future ADU. Not to mention a large pool and spa to enjoy those long summer days relaxing in the water, by your spacious cabana. Perfect for hosting parties. Inside, the home exudes charm and character, with gorgeous, exposed wood beams in the living room that add a rustic yet elegant touch. The spacious family room is centered around a cozy fireplace, perfect for relaxing evenings, and features a custom built-in TV cabinet for a clean, streamlined look. For those who love to entertain, the built-in bar is every host or hostess's dream, providing an ideal space to gather with family and friends. With plenty of room for hosting this entertainment house also has a spacious formal sitting (or second living room), and dining room. The dining room is equally impressive, featuring built-in shelves that offer both style and function, providing plenty of space for your books, decor, or collectibles. Gorgeous solid wood features are found throughout the home, enhancing the natural beauty and warmth of each room. This home offers three generously sized bedrooms, each offering ample closet space. One of the bedrooms even features a built-in desk and a Murphy bed, perfect for guests, an office, or a multi-purpose space. The large master suite is a true retreat, offering plenty of space and privacy. Indulge in ultimate relaxation with a soaking tub, the perfect way to unwind after a long day. This home is truly one-of-a-kind. Whether you're looking for a peaceful sanctuary to call your own or a stylish space to entertain, this property has it all. Don’t miss your chance to make this oasis your new home. Schedule a tour today!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 2,950 | 1,470.5 | 84% |
| Lot Size | 47,044.801 | 8,276 | 84% |
| Price | $899.9K | $619.5K | 82% |
| Price per sq ft | $305 | $423 | 8% |
| Built year | 1987 | 1960 | 82% |
| HOA | $0 | $0 | 50% |
| Days on market | 61 | 159 | 8% |
Apr 6, 2026
$899,888
Initial Listing
Jun 30, 2005
$665,000
Public Record