1940 Arroyo Drive, Riverside, California 92506, Riverside, 92506 - 4 bed, 3 bath

1940 Arroyo Drive, Riverside, California 92506 home-pic-0
ACTIVE$879,000
1940 Arroyo Drive, Riverside, California 92506
4Beds
3Baths
3,160Sqft
16,117Lot

Price Vs. Estimate

The estimated value ($879,000) is $0 (0%) lower than the list price ($879,000). 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 = 16117, living area = 3160.
Top Cons:
Age-Related Updates: As a 1956 build, while well-maintained, the property may require updates to certain systems or finishes to align with contemporary buyer expectations, particularly in areas not explicitly mentioned as renovated.

Compared to the nearby listings

Price:$879.0K vs avg $728.8K (+$150,175)73%
Size:3,160 sqft vs avg 1,954 sqft84%
Price/sqft:$278 vs avg $3864%

More Insights

Built in 1956 (69 years old).
Condition: Built in 1956, this custom mid-century home has been well-maintained but shows significant signs of age in its key areas. The kitchen features original-style wood cabinetry, white tile countertops, and older built-in appliances (oven, cooktop, hood), indicating it has not been updated in several decades. Similarly, the bathrooms display dated vanities, white tile, and older fixtures. While the property boasts hardwood floors in many areas, some rooms have older carpeting, and light fixtures throughout are generally outdated. The overall aesthetic is functional but requires substantial cosmetic updates to meet current buyer expectations, aligning with the 'Fair' condition criteria of being aged but maintained, with major components functional but outdated.
Year Built
1956
Close
-
List price
$879K
Original List price
$899K
Price/Sqft
$278
HOA
-
Days on market
-
Sold On
-
MLS number
CV25191354
Home ConditionFair
Features
Good View: Neighborhood, Trees/Woods
Patio
ViewNeighborhood, Trees/Woods

About this home

Tucked beneath the dappled shade of mature trees, this custom-built mid-century home in Victoria Woods carries a story as timeless as its design. Built by a skilled shipbuilder who once crafted a beloved Riverside dance hall, the home reflects craftsmanship & thoughtful details. As guests arrive, they are charmed by the approach: stepping up from the quiet street, passing under a covered pergola, welcomed by a rose garden encircling a fountain that has just the right trickling sounds; a gentle prelude to what lies inside. Entering through a beveled glass door into the cozy den w/ its inviting fireplace & built ins, the warmth of the home immediately unfolds. The heart of the home is anchored by an expansive living room, where original built-ins & light fixtures whisper of the home's heritage. The open hallway showcases opposite of custom cabinetry leads to three of the four bedrooms, one of which enjoys private access through sliding doors to the shaded front yard; a tranquil space that lives like a second backyard. The front yard also has a swing bench in front of the entry & has just enough space for a dining set or patio furniture. Entertain effortlessly in the large formal dining room or gather in the spacious galley kitchen, where built-ins & ample casual dining space offer both functionality & charm. Adjacent to the kitchen, a walk-in pantry & oversized laundry room w/ direct access to the breezeway, make everyday living simple & efficient. The thoughtfully designed floor plan includes a separate wing w/ one of the four bedrooms & its own bathroom; ideal for multigenerational living or private guest quarters. The primary suite opens directly to the backyard through its own sliding doors, allowing for quiet mornings or sunset evenings immersed in nature. Outdoors, the built-in BBQ and generous entertaining areas invite gatherings both large & small, while the surrounding trees provide filtered light & cool shade throughout the day. The driveway accommodates up to six vehicles, in addition to the 2 car garage. (note a basement below used for garden tools) Perfectly situated near the prestigious Victoria Club, residents can enjoy golf, tennis, pickleball, swimming, fitness facilities, & a vibrant social events just moments from home. This is not just a house; it’s a story of craftsmanship, thoughtful design, & the timeless beauty of Riverside living. Note: Outdoor fireplaces has been removed.

Condition Rating
Fair

Built in 1956, this custom mid-century home has been well-maintained but shows significant signs of age in its key areas. The kitchen features original-style wood cabinetry, white tile countertops, and older built-in appliances (oven, cooktop, hood), indicating it has not been updated in several decades. Similarly, the bathrooms display dated vanities, white tile, and older fixtures. While the property boasts hardwood floors in many areas, some rooms have older carpeting, and light fixtures throughout are generally outdated. The overall aesthetic is functional but requires substantial cosmetic updates to meet current buyer expectations, aligning with the 'Fair' condition criteria of being aged but maintained, with major components functional but outdated.
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 = 16117, living area = 3160.
Historic Craftsmanship & Mid-Century Charm: Custom-built in 1956 by a skilled shipbuilder, the home boasts unique architectural details, original built-ins, and a timeless mid-century design, reflecting thoughtful craftsmanship.
Exceptional Outdoor Living & Mature Landscaping: Features a welcoming rose garden with a trickling fountain, multiple shaded outdoor spaces, a built-in BBQ, and mature trees providing privacy, filtered light, and cool shade.
Versatile & Functional Layout: Offers a thoughtfully designed floor plan with a separate wing ideal for multigenerational living or guest quarters, a spacious galley kitchen, walk-in pantry, and oversized laundry room.
Prime Location with Exclusive Club Access: Situated in the desirable Victoria Woods, providing residents immediate proximity to the prestigious Victoria Club's golf, tennis, pickleball, swimming, and fitness amenities.
Ample Parking & Additional Storage: Accommodates up to six vehicles in the driveway, includes a 2-car garage, and features a basement for extra utility storage, enhancing practicality.

Cons

Age-Related Updates: As a 1956 build, while well-maintained, the property may require updates to certain systems or finishes to align with contemporary buyer expectations, particularly in areas not explicitly mentioned as renovated.
Recent Price Adjustment: A recent price reduction from $899,000 to $879,000 suggests potential initial overpricing or a need to attract more buyer interest in the current market.
Missing Outdoor Fireplace: The explicit mention of a removed outdoor fireplace indicates a potential loss of a desirable outdoor amenity that could impact ambiance or functionality for some buyers.

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