2564 Colgate, Riverside, California 92507, Riverside, 92507 - 2 bed, 2 bath
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2564 Colgate
Riverside, California 92507
ACTIVE
CONDITION: EXCELLENT
2Beds
2Baths
1,024Sq Ft
518Lot Size
Property Price
LIST PRICE$372,000
EST. MARKET VALUE
$382,000
SUMMARY
This Turnkey Condominium is a Strong Value Opportunity, listed at $382,000—positioned well below the $382,454 Fair Market Value by 0.12%. Featuring an Excellent Condition Rating with a new 2025 HVAC, 2023 windows, and modern flooring, this home requires no immediate capital expenditure. Its proximity to UC Riverside and gated community amenities provide consistent rental demand. With a functional, privacy-focused layout and scenic mountain views, this property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a move-in ready residence.
Estimated Market Value
$382,000
Based on Realkey algorithm analyzing recent comparable sales in Riverside.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2564 Colgate Subject | $372,000* List Price | 2 | 2 | 1,024 | $373 | - |
A 1390 Clemson Way Sold | $389,900 | 3 | 2 | 1,170 | $333 | 0.1 mi |
B 2561 Gonzaga Ln Sold | $361,000 | 3 | 2 | 1,152 | $313 | 0.2 mi |
C 1337 Massachusetts Sold | $305,000 | 2 | 2 | 886 | $344 | 0.1 mi |
D 1013 W Linden 7 Sold | $410,000 | 2 | 2 | 1,134 | $362 | 0.8 mi |
E 2537 Occidental Circle Sold | $385,000 | 3 | 2 | 1,085 | $355 | 0.1 mi |
F 2891 Canyon Crest 68 Sold | $330,000 | 2 | 2 | 900 | $367 | 0.5 mi |
G 1333 Wheaton Pending | $369,000 List Price | 2 | 2 | 1,024 | $360 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Despite the 1977 build date, the property has undergone significant recent renovations within the last 1-2 years, including a new HVAC system (2025), new windows and flooring (2023), and a partial bathroom remodel (2024). These updates to major systems and surfaces meet the criteria for a high-quality, move-in ready home with no immediate maintenance needs.
PROSSTRENGTHS & OPPORTUNITIES
- Recent High-Value Upgrades
The property features significant recent capital improvements, including a brand-new HVAC system (2025), new windows and flooring (2023), and a partial bathroom remodel (2024), ensuring move-in readiness and lower immediate maintenance costs.
- Strategic Investment Location
Situated in a gated community just minutes from UC Riverside and Downtown Riverside, this location offers high desirability for student rentals and faculty, providing strong potential for consistent rental demand and long-term value.
- Privacy-Focused Layout
The thoughtful floor plan positions bedrooms on opposite sides of the unit and separates the living area from the kitchen, maximizing privacy and functionality for roommates or small families.
CONSRISKS & DEFICIENCIES
- Limited Bathroom Configuration
With only 1.5 bathrooms, the lack of a second full shower may be a disadvantage for households with multiple occupants or those comparing the unit to 2-bedroom condos with two full baths.
- Recurring HOA Costs
The monthly association fee of $352.40 represents a significant recurring expense that impacts overall monthly affordability and may be a deterrent for budget-conscious buyers.
About 2564 Colgate
Don't miss the opportunity to own this beautifully updated condo in the gated University Greens Community! Located just minutes from UC Riverside and Downtown Riverside, this move-in ready home offers comfort, convenience, and great value. Residents enjoy community amenities including a sparkling pool and easy access to shopping, dining, parks, and major freeways. This well-designed 2-bedroom, 1.5-bathroom floor plan offers excellent functionality and privacy. The main level features a spacious living room separated from the kitchen and dining area, creating distinct spaces for relaxing and entertaining. Upstairs, the two bedrooms are thoughtfully positioned on opposite sides of the home—one facing north and the other south—providing added privacy and separation. Enjoy beautiful mountain views and recent upgrades including all-new windows and flooring installed in 2023, a partial bathroom remodel in 2024, and a new HVAC system installed in 2025. With its desirable location, thoughtful layout, scenic views, and valuable improvements, this Riverside condo is a fantastic opportunity for homeowners or investors. Act fast—this gem won't last!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1977
- Lot Size
- 518 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $352.4 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,024 | 1,143.641 |
| Lot Size | 518 | 1,329.769 |
| Price | $372.0K | $397.1K |
| Price per sq ft | $363 | $365 |
| Built year | 1977 | 1982 |
| HOA | $352.4 | $377 |
| Days on market | 32 | 58 |
Pricing History
Listed for Sale
Aug 29, 2026
$372,000
$382,000
-3% Price Drop
Initial Listing
Price Change
Aug 8, 2026
$382,000
Initial Listing
Sold
Oct 13, 2022
$310,000
Public Record
Sold
Jan 4, 1999
$40,000
Public Record