17581 Cedarwood Drive, Riverside, California 92503, Riverside, 92503 - 7 bed, 5 bath

17581 Cedarwood Drive, Riverside, California 92503 home-pic-0
ACTIVE$980,000
17581 Cedarwood Drive, Riverside, California 92503
7Beds
5Baths
3,616Sqft
9,583Lot
Year Built
2001
Close
-
List price
$980K
Original List price
$980K
Price/Sqft
$271
HOA
$200
Days on market
-
Sold On
-
MLS number
PW25225084
Home ConditionFair
Features
Good View: None
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $980.0K(85th), sqft - 3616(86th), beds - 7(99th), baths - 5(92th).

Experience ultimate tranquility in this spacious 3600+ square foot, 2 story, 7 bedroom, 4 bath home situated on a 9500+ square foot lot. The property is located north of Lake Mathews, a closed nature reserve and one of the largest fresh water reservoirs in the state. The lake is one of the only reservoirs in the state that does not allow access to the general public thus ensuring a consistent and clean supply of water with none of the traffic and noise typically associated with large lake recreational activities. The property has the privacy and calmness typical of its desert environment but with the advantage of maintaining a close proximity to the infrastructure and recreation of the more populated parts of the city. The nearest grocery store is a mere 3.3 miles away with the 91 Freeway just a short distance further at 3.4 miles. The property is within the Victoria Grove gated community providing both safety and a consistently well landscaped and cared for neighborhood. The community also provides access to a pool, a park, and a sports field that can be reserved for private use as well. The property itself features a separate family room, dining room, kitchen and tv room with fireplace, and a bedroom on the first floor with the remaining bedrooms on the second floor. The spacious back yard is perfect for hosting gatherings and for general outdoor use and includes a putting practice area.

Nearby schools

7/10
Lake Mathews Elementary School
Public,K-60.1mi
7/10
Frank Augustus Miller Middle School
Public,7-85.6mi
5/10
Arlington High School
Public,9-123.5mi

Price History

Date
Event
Price
09/26/25
Listing
$980,000
Condition Rating
Fair

The property was built in 2001, making it 23 years old. While generally well-maintained and clean, the kitchen features honey oak cabinets and busy granite countertops, and the bathrooms have similar light wood cabinetry and standard fixtures, all of which are stylistically dated to the early 2000s. There are some minor updates like stainless steel appliances and a potentially newer island countertop in the living area, but no evidence of a full, extensive renovation. The home is functional and move-in ready, but key areas show signs of being outdated, aligning with the 'fair' condition criteria for a property built over 20 years ago with no major renovations since construction.
Pros & Cons

Pros

Exceptional Size & Layout: A substantial 3616 sqft home with 7 bedrooms and 5 bathrooms, including a convenient ground-floor bedroom, catering to large families or multi-generational living.
Premium Gated Community Living: Located within Victoria Grove, offering enhanced security, well-maintained common areas, and exclusive access to a community pool, park, and sports field.
Serene Location with Accessibility: Provides a tranquil, private desert-like environment near Lake Mathews nature reserve, while maintaining close proximity to essential amenities (grocery 3.3 miles) and major freeway access (91 Fwy 3.4 miles).
Desirable Outdoor & Recreational Features: Boasts a spacious backyard perfect for gatherings, complete with a unique putting practice area, enhancing lifestyle and entertainment options.
Strong Educational Foundation & Value: Benefits from highly-rated local elementary and middle schools (Lake Mathews Elementary 7/10, Frank Augustus Miller Middle 7/10) and is currently listed below its estimated market value.

Cons

Potential for Interior Updates: Built in 2001, the description does not specify recent interior renovations, suggesting potential for cosmetic or functional updates to meet modern buyer preferences.
Recurring HOA Dues: The $200 monthly association fee adds a consistent recurring cost to homeownership, which can impact affordability for some buyers.
Lack of Scenic Views: The property explicitly states 'None' for views, which might be a disadvantage for buyers seeking picturesque surroundings, especially given its location near a nature reserve.

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