2723 Iris, Riverside, California 92507, Riverside, 92507 - 4 bed, 3 bath
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Riverside, California 92507
This Fully Remodeled Turnkey Residence is a Strong Value Opportunity, listed at $574,900—positioned well below the $610,735 Fair Market Value by 5%. This valuation gap provides $35,835 in Instant Equity. Boasting an Excellent Condition Rating, the home features a brand-new quartz kitchen, laminate wood flooring, and a rare large basement for additional utility. The expansive lot offers significant ADU potential, while the location within the Riverside Unified School District ensures long-term lifestyle stability. This property is a premier choice for Owner-Occupants seeking a modern sanctuary or first-time buyers looking to build immediate wealth.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2723 Iris Subject | $574,900* List Price | 4 | 3 | 1,488 | $410 | - |
A 4485 Dwight Avenue Sold | $572,500 | 3 | 1 | 1,378 | $415 | 1.0 mi |
B 2315 11th Street Active | $604,999 List Price | 4 | 2 | 1,382 | $438 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone a comprehensive interior renovation within the last year, featuring a brand-new kitchen with quartz countertops and shaker cabinets, three fully remodeled bathrooms with modern vanities and fixtures, and new laminate wood flooring throughout. Despite the 1924 build date, the extensive recent updates to all major interior components and the move-in ready condition meet the criteria for an excellent rating.
The property has undergone a full interior renovation featuring brand-new laminate flooring, a modern kitchen with quartz countertops and shaker cabinets, and three fully updated bathrooms, offering a turnkey experience for buyers.
The large, manicured backyard provides ample space for the construction of an Accessory Dwelling Unit (ADU), offering significant value-add potential for rental income or multi-generational living.
Rare for the Riverside area, the inclusion of a large basement provides substantial additional storage or the opportunity for a unique bonus space that sets this home apart from competing listings.
The property was recently sold within the past year on 2025-09-11. The sold price is $390,000.00.
With four bedrooms and three bathrooms configured within 1,488 square feet, the individual room sizes and common living areas may feel constrained compared to more modern floor plans.
Despite the extensive cosmetic updates, the 1924 construction date may present underlying maintenance challenges or structural considerations typical of a hundred-year-old home.
Absolutely gorgeous FULLY REMODELED single family residence consisting of a total of 4 bedrooms and 3 bathrooms! This house is extremely spacious and beautifully laid out! The total amount of square footage of this property is approximately 1,488 sq ft on an extremely large 4,792 square foot lot! As you enter the home you will notice the gorgeous BRAND NEW laminate wood flooring throughout the entire property along with beautiful tile and vanities in each REMODELED bathrooms! Next you are immediately drawn to the fully BRAND NEW REMODELED KITCHEN! This spacious kitchen also features BRAND NEW beautiful quartz countertops and BRAND NEW shaker cabinets. Continuing to make your way through the home, you’ll discover each bedroom is very generous in size and they all offer an ample amount of closet space. This home has a beautiful PRIMARY SUITE along with large bedrooms and 3 FULLY REMODELED BATHROOMS. The property is also equipped with a LARGE BASEMENT which is very unique for the area! When you reach the backyard you will find a large manicured area with a large amount of space to build an ADU! This property is conveniently located near schools, shopping, parks and freeways, this one is definitely a MUST SEE! Priced to sell, it’s going to go quickly so schedule a tour today!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 2.0 | 65% |
| Square foot | 1,488 | 1,747 | 36% |
| Lot Size | 4,792 | 8,276 | 13% |
| Price | $574.9K | $651.0K | 27% |
| Price per sq ft | $386 | $387 | 49% |
| Built year | 1924 | 1974 | 6% |
| HOA | $0 | $0 | 50% |
| Days on market | 33 | 189 | 2% |
Mar 20, 2026
$574,900
Initial Listing
Sep 11, 2025
$390,000
Public Record
May 10, 1995
$92,000
Public Record