2723 Iris Street, Riverside, California 92507, Riverside, 92507 - 4 bed, 3 bath
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Riverside, California 92507
This Turnkey Single Family Residence represents a Strong Value Opportunity, listed at $499,900—positioned well below the $555,309 Fair Market Value by 9%. This valuation gap provides $55,409 in Instant Equity for the buyer. Featuring a Mint Condition Rating with a fully remodeled kitchen and baths, the property offers immediate lifestyle appeal. The large lot provides significant potential for an ADU, making this an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a move-in ready home with expansion upside.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2723 Iris Street Subject | $499,900* List Price | 4 | 3 | 1,488 | $373 | - |
A 2908 Prospect Active | $603,000 List Price | 3 | 2 | 1,400 | $431 | 0.3 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 comprehensive full remodel within the last year. It features a brand-new kitchen with quartz countertops and shaker cabinets, three fully remodeled bathrooms, and new laminate flooring throughout, meeting the criteria for a recent renovation in mint condition.
The property features a complete top-to-bottom renovation, including brand-new laminate flooring, a modern kitchen with quartz countertops and shaker cabinets, and three fully updated bathrooms, providing a turnkey experience for buyers.
Rare for the Riverside area, this home includes a large basement for additional storage or utility, alongside a highly functional 4-bedroom, 3-bathroom layout that maximizes the interior square footage.
The large, manicured backyard offers significant space and potential for the construction of an Accessory Dwelling Unit (ADU), providing an excellent opportunity for multi-generational living or rental income.
The property was recently sold within the past year on 2025-09-11. The sold price is $390,000.00.
Fitting four bedrooms and three bathrooms into 1,488 square feet may result in smaller individual room dimensions and a more compact living feel compared to other homes in this price bracket.
While the interior is beautifully remodeled, the 1924 build date suggests that potential buyers should carefully vet the age and condition of the underlying structural, plumbing, and electrical systems typical of century-old homes.
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 | 62% |
| Square foot | 1,488 | 1,651 | 37% |
| Lot Size | 4,792 | 8,385 | 16% |
| Price | $499.9K | $647.5K | 12% |
| Price per sq ft | $336 | $393 | 29% |
| Built year | 1924 | 1970 | 7% |
| HOA | $0 | $0 | 50% |
| Days on market | 4 | 165 | 1% |
Jun 12, 2026
$499,900
Initial Listing
Sep 11, 2025
$390,000
Public Record
May 10, 1995
$92,000
Public Record