2160 Falcon Crest Drive, Riverside, California 92506, Riverside, 92506 - 3 bed, 3 bath

2160 Falcon Crest Drive
Riverside, California 92506
Property Price
SUMMARY
Analysis of 2160 Falcon Crest Drive, Riverside, California 92506 reveals a Prime Investment Opportunity with a current list price of $588,800—significantly undercutting the $616,432 Fair Market Value by 4%. This valuation gap indicates a +$27,632 Instant Equity potential for buyers. 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 |
|---|---|---|---|---|---|---|
★ 2160 Falcon Crest Drive Subject | $588,800* List Price | 3 | 3 | 1,655 | $372 | - |
A 2172 Falcon Crest Drive Sold | $525,000 | 2 | 3 | 1,570 | $334 | 0.0 mi |
B 5838 Fairlane Drive Sold | $550,000 | 2 | 3 | 1,570 | $350 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property is move-in ready and shows clear evidence of being well-maintained with modern updates. Although built in 1984, the home features desirable upgrades such as plantation shutters, vaulted ceilings, and a primary suite with dual sinks. The significant jump in sales price between 2022 and 2023 suggests a recent renovation or extensive refresh within the last few years. The interior is described as bright and airy with functional systems, fitting the criteria for a high-quality, well-maintained home that does not require immediate renovation.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Corner Lot & Curb Appeal
The property is situated on a desirable corner lot featuring a grand double-door entry, soaring vaulted ceilings, and professional landscaping that creates an inviting and spacious first impression.
- Excellent Community Amenities
Residents enjoy premium HOA benefits including a fenced pool and spa, as well as rare accommodations for RV/Trailer parking and convenient access to oversized guest parking.
- Highly Desirable Location
Ideally located near top-rated Riverside Unified schools like Polytechnic High, the home offers easy access to the 91 Freeway, local parks, and major shopping centers.
CONSRISKS & DEFICIENCIES
- Significant Association Fees
The monthly HOA fee of $460 is relatively high for a single-family residence in this price range, which may impact the overall monthly affordability for budget-conscious buyers.
- Compact Lot Size
With a lot size of approximately 4,356 square feet, the outdoor space is more limited compared to traditional suburban lots, resulting in a smaller backyard area.
About 2160 Falcon Crest Drive
Charming corner-lot home with beautiful curb appeal and lush, well-maintained landscaping, ideally located in a desirable Riverside community. This inviting residence welcomes you with a grand double-door entry, soaring vaulted ceilings, and a bright, airy interior enhanced by plantation shutters, ceiling fans, and abundant natural light throughout. The spacious family room features a cozy fireplace and flows seamlessly into the kitchen and breakfast nook, creating a comfortable setting for both everyday living and entertaining. Sliding glass doors open to a low-maintenance backyard with two concrete patios, perfect for relaxing, hosting gatherings, or enjoying Southern California evenings. The kitchen offers ample cabinetry and convenient direct access to the garage, while a main-floor powder bathroom adds functionality for guests. Upstairs, the primary suite provides a peaceful retreat with plantation shutters, ceiling fan, and an en-suite bathroom complete with dual sinks and linen storage. Two additional bedrooms and a full bathroom complete the upper level, offering comfortable space for family, guests, or a home office setup. Situated on a desirable corner lot just steps from oversized guest parking, this home is part of a community that features a fenced pool and spa for residents to enjoy, as well as RV/Trailer parking. Conveniently located near local parks, shopping centers, dining options, and everyday essentials, with easy access to major commuter routes including the 91 Freeway. The property is also located near Polytechnic High School and other well-rated Riverside Unified schools. Offering comfort, natural light, and a prime location close to everything Riverside has to offer, this is a wonderful opportunity to own a bright and welcoming home in an established neighborhood.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1984
- Lot Size
- 4,356 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $460.0 / 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 | 48% |
| Baths | 3.0 | 2.0 | 52% |
| Square foot | 1,655 | 2,006 | 35% |
| Lot Size | 4,356 | 10,454 | 3% |
| Price | $588.8K | $747.9K | 16% |
| Price per sq ft | $356 | $386 | 31% |
| Built year | 1984 | 1969 | 68% |
| HOA | $460.0 | $0 | 98% |
| Days on market | 18 | 184 | 1% |
Pricing History
Listed for Sale
Feb 17, 2026
$588,800
Initial Listing
Sold
Jan 27, 2023
$535,000
Public Record
Sold
Oct 13, 2022
$390,000
Public Record
Sold
May 31, 1996
$125,000
Public Record








































