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17891 Morning Rock Circle, Riverside, California 92503, Riverside, 92503 - 3 bed, 3 bath

17891 Morning Rock Circle, Riverside, California 92503 home-pic-0
ACTIVE$699,000
17891 Morning Rock Circle, Riverside, California 92503
3Beds
3Baths
1,755Sqft
7,405Lot

Price Vs. Estimate

The estimated value ($522,475.875) is $176,524.125 (25%) lower than the list price ($699,000). 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 = 7405, living area = 1755.
Top Cons:
Potential Overpricing/Valuation Discrepancy: The current listing price of $699,000 is notably higher than the estimated property value of $522,475.875, suggesting it may be overpriced relative to market data and recent sales.

Compared to the nearby listings

Price:$699.0K vs avg $670.0K (+$29,000)59%
Size:1,755 sqft vs avg 1,695 sqft52%
Price/sqft:$398 vs avg $38553%

More Insights

Built in 1998 (27 years old).
Condition: Built in 1998, this property is 26 years old. However, the listing explicitly mentions an 'upgraded kitchen with white shaker cabinets, granite countertops, stainless appliance' and 'upgrades throughout the home including plantation shutters and wood laminate floors.' The images confirm a modern, well-maintained kitchen and updated flooring and window treatments in the main living areas. The bathrooms, while clean and functional with dual sinks and a large tub in the master, feature slightly older style vanities and floor tiles compared to the kitchen, suggesting they are well-maintained but not as recently or extensively renovated. Overall, the property is move-in ready with significant recent updates, aligning with the 'Good' score criteria for a property built over 20 years ago but extensively renovated within the last 5-15 years, showing minimal wear and tear.
Year Built
1998
Close
-
List price
$699K
Original List price
$739K
Price/Sqft
$398
HOA
$109
Days on market
-
Sold On
-
MLS number
TR25065923
Home ConditionGood
Features
Patio
View-

About this home

RATE RELIEF! Special Financing Available - Exclusive 3.99% Rate Relief Program*** This property qualifies for a limited-time Rate Relief Program offering exclusive, below-market interest rates for qualified buyers! Beautiful home located in a cul-de-sac in the highly desired Lake Hills neighborhood. Upgraded kitchen with white shaker cabinets, granite countertops, stainless appliance, breakfast bar, and a huge, walk-in pantry. The kitchen opens to a spacious family room with cozy fireplace and built-in entertainment center. Master suite with high ceiling and separate retreat area that could be converted to a 4th bedroom. The master bath with large tub and dual sink. Upgrades throughout the home including plantation shutters and wood laminate floors. Downstairs has guest bathroom and individual laundry room. Extra-large backyard with covered patio. Desirable location, close to beautiful parks. Highly rated elementary school. Be nestled in the hills, yet have with easy access to 91 freeway, Metrolink, Galleria at Tyler, AMC Theaters, restaurants, and more

Nearby schools

8/10
Lake Hills Elementary School
Public,•K-5•1.7mi
3/10
Allan Orrenmaa Elementary School
Public,•K-5•2.4mi
6/10
Arizona Middle School
Public,•6-8•2.1mi
5/10
Ysmael Villegas Middle School
Public,•6-8•3.4mi
6/10
Hillcrest High School
Public,•9-12•2.6mi
Condition Rating
Good
Built in 1998, this property is 26 years old. However, the listing explicitly mentions an 'upgraded kitchen with white shaker cabinets, granite countertops, stainless appliance' and 'upgrades throughout the home including plantation shutters and wood laminate floors.' The images confirm a modern, well-maintained kitchen and updated flooring and window treatments in the main living areas. The bathrooms, while clean and functional with dual sinks and a large tub in the master, feature slightly older style vanities and floor tiles compared to the kitchen, suggesting they are well-maintained but not as recently or extensively renovated. Overall, the property is move-in ready with significant recent updates, aligning with the 'Good' score criteria for a property built over 20 years ago but extensively renovated within the last 5-15 years, showing minimal wear and tear.
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 = 7405, living area = 1755.
Attractive Financing Program: The exclusive 3.99% Rate Relief Program offers below-market interest rates, providing a significant financial advantage for qualified buyers.
Modern Upgraded Kitchen: Features white shaker cabinets, granite countertops, stainless steel appliances, a breakfast bar, and a large walk-in pantry, enhancing functionality and aesthetic appeal.
Prime Cul-de-Sac Location: Situated in a highly desired Lake Hills cul-de-sac, offering a quiet and family-friendly environment within a sought-after neighborhood.
Enhanced Interior Features: Includes desirable upgrades such as plantation shutters, wood laminate floors, a cozy fireplace, built-in entertainment center, and a master suite with a versatile retreat area (potential 4th bedroom).
Excellent Community & Accessibility: Benefits from close proximity to beautiful parks, a highly rated elementary school, and convenient access to the 91 freeway, Metrolink, and various shopping and entertainment amenities.

Cons

Potential Overpricing/Valuation Discrepancy: The current listing price of $699,000 is notably higher than the estimated property value of $522,475.875, suggesting it may be overpriced relative to market data and recent sales.
Absence of Scenic Views: The property description indicates 'None' for views, which may be a drawback compared to other homes in the area that offer desirable city lights, hill, or mountain vistas.
Ongoing HOA Fees: The property is subject to a monthly association fee of $109.0, which represents an additional recurring cost for the homeowner.

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