2510 Cloudcrest, Riverside, California 92507, Riverside, 92507 - 3 bed, 2 bath
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Riverside, California 92507
This Spacious Hillside Residence is a Strong Value Opportunity, listed at $645,000—positioned well below the $674,373 Fair Market Value by 4%. This valuation gap offers $29,373 in Instant Equity for the buyer. Featuring a Condition Rating of 3, the home includes significant infrastructure upgrades like a 2022 HVAC and 2019 roof. With an expansive 27,007 sq ft lot and scenic hillside views, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking long-term appreciation near UCR.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2510 Cloudcrest Subject | $625,000* List Price | 3 | 2 | 1,718 | $387 | - |
A 2275 Quartz Sold | $710,000 | 4 | 2 | 1,652 | $430 | 0.3 mi |
B 2530 Thayer Court Pending | $714,900 List Price | 5 | 2 | 1,723 | $415 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Despite being built in 1969, the property is well-maintained and move-in ready. It features significant recent system upgrades including a newer HVAC (2022) and roof (2019), along with updated interior flooring and paint that offset its chronological age.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 27007, living area = 1718.
The property sits on a massive 27,007 sq ft lot at the end of a quiet cul-de-sac, offering rare hillside privacy, scenic views, and significant space for outdoor expansion or ADU potential.
With a newer roof installed in 2019 and a high-efficiency HVAC system replaced in 2022, the home provides immediate peace of mind regarding two of the most expensive maintenance items.
The property has been on the market for 44 days and has already undergone a $30,000 price reduction, suggesting that the initial pricing may have outpaced current buyer demand.
Built in 1969 and marketed for its 'potential,' the interior likely requires significant cosmetic updates to meet the expectations of modern buyers looking for move-in-ready luxury.
THIS PROPERTY IS NOT BEING OFFERED FOR LEASE**Discover the potential of this beautifully situated residence in Riverside, ideally located near Spruce St & Watkins Dr and in close proximity to the prestigious University of California, Riverside. Nestled within a quiet cul-de-sac, this 3-bedroom, 2-bathroom home offers approximately 1,718 sq ft of living space on an expansive 27,007 sq ft lot, providing a rare blend of space, privacy, and scenic hillside surroundings. The home features a functional layout complemented by a newer HVAC system installed in October 2022 and a newer roof installed in late 2019, offering added peace of mind. The generously sized lot presents endless opportunities for outdoor living, entertaining, or future enhancements. Enjoy a peaceful street setting with hillside views and frequent wildlife sightings, ideal for those who appreciate nature and tranquility. With no HOA and convenient access to nearby amenities, schools, and commuter routes, this property offers both comfort and long-term potential in a highly desirable Riverside location. Per seller, the original owner/builder is believed to be the founder of Burning Man; buyer to independently verify.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 46% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,718 | 1,652 | 54% |
| Lot Size | 27,007 | 8,603 | 94% |
| Price | $625.0K | $647.5K | 47% |
| Price per sq ft | $364 | $393 | 38% |
| Built year | 1969 | 1970 | 48% |
| HOA | $0 | $0 | 50% |
| Days on market | 76 | 165 | 13% |
May 22, 2026
$625,000
$645,000
-3% Price Drop
Initial Listing
Apr 19, 2026
$645,000
$675,000
-4% Price Drop
Initial Listing
Mar 31, 2026
$675,000
Initial Listing
Sep 27, 2019
$415,000
Public Record
Jan 26, 2016
$335,000
Public Record
Sep 19, 2014
$315,000
Public Record
Sep 24, 2010
$180,000
Public Record
Feb 14, 2006
$399,000
Public Record
Nov 7, 1996
$120,000
Public Record