2977 Watermount, Riverside, California 92501, Riverside, 92501 - 3 bed, 3 bath

2977 Watermount
Riverside, California 92501
Property Price
SUMMARY
Analysis of 2977 Watermount, Riverside, California 92501 reveals a Fairly Priced Property with a current list price of $545,000 aligned with the estimated $552,775 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Riverside Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2977 Watermount Subject | $545,000* List Price | 3 | 3 | 1,586 | $349 | - |
A 3738 Springmount St Sold | $550,000 | 3 | 3 | 1,586 | $347 | 0.0 mi |
B 4140 Garvey Way Sold | $621,000 | 3 | 3 | 1,901 | $327 | 1.0 mi |
C 1796 Park Place Lane Sold | $605,000 | 3 | 3 | 1,829 | $331 | 0.8 mi |
D 3643 Poplar Street Sold | $500,000 | 3 | 2 | 1,330 | $376 | 0.2 mi |
E 1864 Siena Court Active | $579,999 List Price | 3 | 3 | 1,660 | $349 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property is move-in ready and has been recently refreshed with modern luxury vinyl plank flooring, fresh neutral paint, and updated light fixtures. The kitchen features updated white cabinetry and stainless steel appliances, and the bathrooms appear well-maintained. While the home was built in 2003, the recent cosmetic updates and overall clean condition of the major systems and interior finishes exceed the 'fair' category.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Downtown Location
Situated in the heart of Downtown Riverside, the property offers exceptional walkability to historic landmarks like The Mission Inn, cultural venues, and major institutions including UC Riverside and local medical centers.
- Gated Community Amenities
Located within the secure Mission Village community, residents enjoy a 'lock and leave' lifestyle with access to resort-style amenities such as a pool, spa, and professionally maintained grounds.
- Modern Interior Volume
The 2003 construction features desirable vaulted ceilings and an open-concept layout, providing a light-filled and airy atmosphere that feels more spacious than its actual square footage.
CONSRISKS & DEFICIENCIES
- Limited Outdoor Space
With a lot size of approximately 3,049 square feet, the private outdoor area is limited to a small patio, which may not appeal to buyers seeking a traditional large backyard or garden space.
- Recurring Association Costs
The monthly association fee of $225 adds a fixed carrying cost to the property, which could be a drawback for budget-conscious buyers compared to nearby non-HOA single-family homes.
About 2977 Watermount
Welcome to 2977 Watermount Street, a beautifully refreshed 3 bedroom, 2.5 bathroom home located in the gated Mission Village community in vibrant Downtown Riverside. This light filled residence features vaulted ceilings, an open and airy layout, and a cozy fireplace that creates a warm focal point in the main living space. The functional floor plan flows seamlessly to a private patio, ideal for entertaining or enjoying a quiet evening at home. Thoughtful updates and low maintenance living make this home as practical as it is inviting. Mission Village offers resort style amenities including a community pool, spa, and well maintained grounds, giving residents a true lock and leave lifestyle. The gated setting provides added privacy while still keeping you connected to everything the city has to offer. Just minutes from The Mission Inn, the Fox Performing Arts Center, local coffee shops, restaurants, museums, and Fairmount Park, you are positioned in one of Riverside’s most walkable and culturally rich neighborhoods. Easy access to the 60, 91, and 215 freeways, along with proximity to UC Riverside, Riverside City College, and major medical centers, makes this location especially attractive to professionals, students, and commuters alike. Buyers are moving to Downtown Riverside for its historic charm, growing food and arts scene, relative affordability compared to coastal markets, and strong sense of community. This home places you right in the center of it all while offering the comfort and security of a gated neighborhood. This is more than a home. It is a lifestyle opportunity in one of Riverside’s most dynamic areas.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2003
- Lot Size
- 3,049 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $225.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 2.0 | 68% |
| Square foot | 1,586 | 1,404 | 59% |
| Lot Size | 3,049 | 7,405 | 12% |
| Price | $545.0K | $585.0K | 36% |
| Price per sq ft | $344 | $404 | 34% |
| Built year | 2003 | 1955 | 78% |
| HOA | $225.0 | $0 | 97% |
| Days on market | 16 | 173 | 3% |
Pricing History
Listed for Sale
Feb 19, 2026
$545,000
Initial Listing
Sold
Dec 8, 2015
$285,000
Public Record
Sold
Aug 21, 2012
$190,000
Public Record
Sold
Jun 5, 2009
$148,000
Public Record
Sold
Dec 7, 2006
$389,000
Public Record
Sold
Feb 5, 2004
$260,000
Public Record

































