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

2160 Falcon Crest Drive, Riverside, California 92506 home-pic-0

2160 Falcon Crest Drive

Riverside, California 92506

ACTIVE UNDER CONTRACT
CONDITION: GOOD
3Beds
3Baths
1,655Sq Ft
4,356Lot Size

Property Price

LIST PRICE$588,800
EST. MARKET VALUE
$616,432
4% BelowMARKET VALUE

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

$616,432 +$27,632 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Riverside.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
2160 Falcon Crest Drive
Subject
$588,800*
List Price
331,655$372-
A
2172 Falcon Crest Drive
Sold
$525,000231,570$3340.0 mi
B
5838 Fairlane Drive
Sold
$550,000231,570$3500.0 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Good
TeardownExcellent

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

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds3.04.0
48%
Baths3.02.0
52%
Square foot1,6552,006
35%
Lot Size4,35610,454
3%
Price$588.8K$747.9K
16%
Price per sq ft$356$386
31%
Built year19841969
68%
HOA$460.0$0
98%
Days on market18184
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

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