2885 Cascabel, Riverside, California 92503, Riverside, 92503 - 4 bed, 2 bath
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Riverside, California 92503
This Spacious Well-Maintained Residence is a Prime Investment Opportunity, listed at $699,999—positioned well below the $729,503 Fair Market Value by 4%. This valuation gap offers $29,504 in Instant Equity for the incoming buyer. Boasting a Condition Rating of 3, the home features a rare three-car garage and an expansive pool-sized lot near the historic Victoria Avenue greenbelt. Located within the Alvord Unified district, it perfectly balances suburban lifestyle perks with immediate financial upside. This is an ideal acquisition for Owner-Occupants seeking a value-buy or Buy-and-Hold Investors targeting a stable Riverside asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2885 Cascabel Subject | $699,999* List Price | 4 | 2 | 1,764 | $414 | - |
A 3229 Toro Way Sold | $625,000 | 4 | 2 | 1,499 | $417 | 0.5 mi |
B 9549 Hermitage Sold | $600,000 | 3 | 2 | 1,348 | $445 | 0.7 mi |
C 2922 Joshua Tree Road Sold | $705,000 | 4 | 2 | 1,408 | $501 | 0.2 mi |
D 2831 Carma Court Active | $749,999 List Price | 4 | 3 | 1,818 | $413 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1973 (51 years old), the property is described as well-maintained and the exterior photo shows updated garage doors, a newer roof, and manicured landscaping. It appears move-in ready and functional, suggesting maintenance or partial renovations within the 5-15 year range.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7841, living area = 1764.
Situated near the historic Victoria Avenue and the Greenbelt, this home offers a highly desirable location with convenient access to the 91 freeway, Galleria Mall, and California Baptist University.
The inclusion of a three-car garage is a significant asset for this price point, providing extra space for multiple vehicles, a workshop, or additional storage.
Built in 1973, the property may require cosmetic updates or modernization of its systems and finishes to align with contemporary buyer expectations.
The property listing indicates no significant views, which may be a drawback for buyers specifically looking for the elevated or panoramic vistas common in some Riverside neighborhoods.
Welcome to this well maintained Spacious Four Bedroom, Two Bathroom, Three Car Garage with a pool size lot located in one of the most desirable neighborhoods in Riverside. Located just off of Riverside Historical and Scenic Route off of Victoria Ave and the Greenbelt. Conveniently close to the 91 freeway, The Galleria Mall, Cal Baptist College. This home won't last long!!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,764 | 1,642 | 56% |
| Lot Size | 7,841 | 7,841 | 50% |
| Price | $700.0K | $662.5K | 59% |
| Price per sq ft | $397 | $391 | 52% |
| Built year | 1973 | 1986 | 29% |
| HOA | $0 | $0 | 50% |
| Days on market | 4 | 180 | 0% |
Apr 18, 2026
$699,999
Initial Listing
Apr 7, 2015
$330,000
Public Record
Mar 5, 2010
$264,000
Public Record
Jul 31, 2009
$175,000
Public Record
Jun 28, 2006
$460,000
Public Record
Nov 4, 1994
$14,000
Public Record