1747 Palermo Drive, Riverside, California 92507, Riverside, 92507 - 5 bed, 3 bath
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Riverside, California 92507
This 5-bedroom Single Family Residence is a Strong Value Opportunity, listed at $599,900—positioned well below the $604,704 Fair Market Value by 0.8%. This valuation gap offers $4,804 in Instant Equity. The property maintains a Good Condition Rating and features a versatile floor plan with a downstairs bedroom, ideal for multi-generational living. Located minutes from UCR, this home provides a stable rental-ready asset for Buy-and-Hold Investors or a functional, move-in ready space for Owner-Occupants seeking proximity to major freeways and education hubs.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1747 Palermo Drive Subject | $599,900* List Price | 5 | 3 | 2,012 | $301 | - |
A 1793 Agrigento Sold | $603,500 | 5 | 3 | 2,012 | $300 | 0.1 mi |
B 1749 Catania Sold | $539,000 | 4 | 3 | 1,819 | $296 | 0.1 mi |
C 1785 Catania Active | $590,000 List Price | 4 | 3 | 1,819 | $324 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2007, this 17-year-old property falls within the 10-20 year range for 'Good' condition. The home is well-maintained and move-in ready with functional original kitchen cabinetry and hardwood floors, though some carpeting shows wear and appliances are dated.
The home features a rare 5-bedroom, 3-bathroom layout including a full bedroom and bathroom on the main floor, perfect for multi-generational living or a home office.
Located just minutes from UC Riverside, this property is ideally positioned to capitalize on strong rental demand from students and faculty, offering excellent utility for investors.
The exceptionally large master bedroom provides ample space for a king-size bed and sitting area, complemented by a luxurious bathroom with a soaking tub and dual vanities.
The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 2614, living area = 2012.
With a lot size of only 2,614 square feet, the outdoor space is relatively compact for a 5-bedroom home, which may limit options for gardening or large-scale outdoor entertaining.
The $200 monthly association fee adds to the ongoing carrying costs, which may impact the overall affordability for some buyers or the net yield for investors.
This beautifully maintained two-story home in the desirable community of Aldea offers an excellent layout with standard features that set it apart from others in the neighborhood. Boasting 5 bedrooms and 3 full bathrooms( unlike many similar floor plans in the community) and an exceptionally spacious master bedroom, this home delivers superior comfort and functionality for growing families and investors alike. Inside, you will enjoy an open and bright floor plan with rich hardwood flooring throughout the main living areas. The inviting living room features a cozy fireplace with a large built-in entertainment center. The expansive kitchen includes a large center island, ample counter space, abundant wood cabinetry, and flows seamlessly into the dining area- ideal for both daily living and entertaining. The flexible floor plan includes one bedroom and one full bathroom downstairs, making it perfect for guests, a home office, or multi-generational living. Upstairs, you will find the very large master bedroom with plenty of room for a king-size bed, sitting area, and additional furniture, along with its own luxurious master bathroom featuring a soaking tub, separate shower, and dual vanities. Three additional generously sized bedrooms and a second full bathroom complete the upstairs. Additional highlights include open concept living and dining areas, an indoor laundry, and a private back yard with patio. Conveniently located just minutes from UCR, this home is perfect for both families and investors looking for strong rental demand in the area.. With easy access to major freeways, shopping, dining, and entertainment, this move-in-ready property is a fantastic opportunity in a highly sought-after Riverside neighborhood.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 83% |
| Baths | 3.0 | 2.0 | 61% |
| Square foot | 2,012 | 1,654.5 | 66% |
| Lot Size | 2,614 | 8,276 | 4% |
| Price | $599.9K | $642.5K | 38% |
| Price per sq ft | $298 | $390 | 18% |
| Built year | 2007 | 1974 | 71% |
| HOA | $200.0 | $0 | 94% |
| Days on market | 0 | 178 | 1% |
May 22, 2026
$599,900
Initial Listing
Sep 4, 2012
$170,000
Public Record
Apr 20, 2007
$430,000
Public Record