18090 Iris Avenue, Riverside, California 92508, Riverside, 92508 - 3 bed, 3 bath
18090 Iris Avenue
Riverside, California 92508
Property Price
SUMMARY
Analysis of 18090 Iris Avenue, Riverside, California 92508 reveals a property with a current list price of $719,000, which is 4% above the estimated $687,882 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Riverside Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 18090 Iris Avenue Subject | $719,000* List Price | 3 | 3 | 1,639 | $420 | - |
A 18460 Hibiscus Avenue Sold | $837,500 | 4 | 2 | 1,746 | $480 | 0.4 mi |
B 18561 Bert Road Sold | $881,100 | 4 | 2 | 2,226 | $396 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
Despite being built in 1945, the property has undergone significant recent upgrades including a new roof, new HVAC/Central Air, tankless water heater, and an extensively upgraded kitchen with modern white shaker cabinets, stone countertops, stainless steel appliances, and recessed lighting. The flooring (hardwood and wood-look tile) is in good condition, and plantation shutters are installed throughout. The bathrooms are clean and functional, though one retains a more classic tile style. These updates make the property move-in ready with no immediate renovations required, aligning with a 'Good' condition score.
PROSSTRENGTHS & OPPORTUNITIES
- 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 = 59677, living area = 1639.
- Expansive & Versatile Lot
A rare, large 59,677 sqft lot, fully fenced, offering ample space for horses, animals, RV/boat parking, and significant potential for an Accessory Dwelling Unit (ADU).
- Extensive Modern Upgrades
Features a new roof, upgraded kitchen, new HVAC/Central Air, tankless water heater, and plantation shutters throughout, providing modern comfort and reducing immediate maintenance concerns.
CONSRISKS & DEFICIENCIES
- Property Age
Built in 1945, the home's original construction is nearly 80 years old, which, despite recent upgrades, may still present concerns regarding underlying infrastructure or require future maintenance not covered by current renovations.
- Specialized Appeal
Marketed as a 'ranch style horse property,' its unique features cater to a specific lifestyle, potentially narrowing the buyer pool compared to more conventional residential properties.
- Recent Price Adjustment
The property has undergone a price reduction from its original listing, which, while making it more competitive, could suggest initial market resistance or overvaluation.
About 18090 Iris Avenue
A rare GEM, ranch style horse property in a quiet cul-de-sac located in the Woodcrest area. Hard to find large lot in a top rate school district. NO HOA! LOW TAXES! Direct access driveway has tons of parking. It features a long driveway on both sides wrap around up to the back. 2 car garage with plenty of storage and a pass through to the rear yard. New roof, upgraded kitchen, New HVAC/Central Air, Tankless Water Heater and plantation shutters all throughout! Completely fenced nice large lot that can accommodate a future ADU. Has fruit trees at the front and back of property such as lemon, grapefruit and pomegranate, peach, persimmon. Experience the great country living with plenty of space for pets, animals, boats, toys and RV. Conveniently close to schools and Woodcrest Plaza. WON'T LAST LONG! A MUST SEE!!!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1945
- Lot Size
- 59,677 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 21% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,639 | 2,575 | 11% |
| Lot Size | 59,677 | 8,276 | 97% |
| Price | $719.0K | $756.3K | 31% |
| Price per sq ft | $439 | $308 | 90% |
| Built year | 1945 | 2001 | 1% |
| HOA | $0 | $0 | 50% |
| Days on market | 136 | 204 | 27% |
Pricing History
Listed for Sale
Dec 3, 2025
$719,000
$759,999
-5% Price Drop
Initial Listing
Price Change
Oct 22, 2025
$759,999
Initial Listing