2723 Iris Street, Riverside, California 92507, Riverside, 92507 - 4 bed, 3 bath
Loading property details...
Riverside, California 92507
This Fully Remodeled Single Family Residence is a Strong Value Opportunity, listed at $549,900—positioned well below the $599,735 Fair Market Value by 8%. This valuation gap offers $49,835 in Instant Equity for the buyer. Featuring a Mint Condition Rating, the home boasts a Brand New Kitchen, Quartz Countertops, and a Unique Basement. With a large lot ready for an ADU, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a turnkey home with significant growth potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2723 Iris Street Subject | $549,900* List Price | 4 | 3 | 1,488 | $403 | - |
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.
Although built in 1924, the property has undergone a complete interior remodel within the last year. It features a brand-new kitchen with quartz countertops and shaker cabinets, three fully updated bathrooms, and new laminate flooring throughout, meeting the criteria for a recent renovation in mint condition.
The property has been fully updated with brand-new laminate flooring, quartz countertops, and shaker cabinets, providing a turnkey interior that blends modern aesthetics with a functional layout.
The large, manicured backyard offers ample space for the construction of an Accessory Dwelling Unit (ADU), presenting a significant opportunity for rental income or multi-generational living.
The inclusion of a large basement is a rare find for the Riverside area, offering substantial additional storage or versatile 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.
As a structure built in 1924, the property may have underlying infrastructure or foundation characteristics typical of century-old homes that require more maintenance than newer constructions.
While the lot allows for an ADU, the 4,792 square foot lot size is relatively modest, meaning further expansion would significantly reduce private outdoor yard space.
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 | 61% |
| Square foot | 1,488 | 1,652 | 37% |
| Lot Size | 4,792 | 8,276 | 18% |
| Price | $549.9K | $640.0K | 22% |
| Price per sq ft | $370 | $390 | 41% |
| Built year | 1924 | 1973 | 8% |
| HOA | $0 | $0 | 50% |
| Days on market | 29 | 178 | 1% |
May 8, 2026
$549,900
Initial Listing
Sep 11, 2025
$390,000
Public Record
May 10, 1995
$92,000
Public Record