3533 Millhouse Court, Riverside, California 92503, Riverside, 92503 - 3 bed, 3 bath
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Riverside, California 92503
This Detached Cape Cod-Style Townhouse is a Prime Investment Opportunity, listed at $579,999—positioned well below the $599,990 Fair Market Value by 3%. This valuation gap offers $19,991 in Instant Equity. Boasting a Turnkey Condition Rating, the home features bamboo flooring, a custom German schmear fireplace, and mountain views. With proximity to Lake Hills Elementary and a $10,000 forgivable loan incentive, this residence is a perfect fit for first-time buyers or Owner-Occupants seeking a move-in-ready sanctuary.
Property is new construction or fully renovated.
Although built in 2006, the property has undergone extensive recent renovations that meet current designer standards. The kitchen is fully updated with white cabinetry to the ceiling, stainless steel appliances, and a farmhouse sink. High-end finishes throughout, including bamboo flooring, custom German schmear brick accents, and updated bathrooms, make this a turnkey, model-like residence.
Although classified as a townhouse, this unit is completely detached with no shared walls, providing the privacy and quiet of a single-family home within a managed community.
The interior is in model-like condition featuring high-end upgrades such as bamboo flooring, a custom German schmear floor-to-ceiling fireplace, and a modern kitchen with cabinetry to the ceiling.
The property is eligible for a $10,000 forgivable loan for closing costs or down payments, plus 100% financing options with no mortgage insurance, significantly lowering the barrier to entry.
The tri-level architectural layout requires navigating multiple sets of stairs daily, which may be a drawback for buyers with mobility concerns or those preferring a more traditional two-story flow.
The private outdoor area is limited to a small side courtyard, which may not satisfy buyers looking for a traditional backyard or significant gardening space.
PRICE IMPROVEMENT! Adorable Cape Cod-style tri-level townhouse tucked away at the back of a private, beautifully maintained community with only 22 units - and completely detached with no shared walls! Offering 1,815 sq ft with 3 bedrooms and 2.5 bathrooms, this home feels like walking into a model. Enter through the front door into a stunning living room featuring rich bamboo flooring and a gorgeous floor-to-ceiling fireplace with a custom German schmear finish. From the living room, you can see up to the family room through an elegant wrought-iron railing, creating an open and inviting architectural design. The main living level offers a spacious family room, dining area, and a beautifully appointed kitchen with white cabinetry extending to the ceiling, stainless steel appliances, and charming German schmear finish brick accents carried throughout the home. A convenient half bath completes this level. Upstairs, the primary suite features an attached bathroom with dual sinks, a private water closet, a separate soaking tub and shower, and a walk-in closet. Two additional bedrooms, a full bathroom, and an upstairs laundry room provide both comfort and functionality. The lower level offers a large storage area closet approximately 4' x 22' and direct access to the attached two-car garage. Enjoy outdoor living in the small gated side courtyard, complete with a cozy firepit — perfect for relaxing or entertaining. The greenbelt is nicely landscaped with beautiful crape myrtle trees when in full spring bloom enhances the lush greenbelt setting in front of the home, creating a picturesque and welcoming approach. Amenities include a basketball court, sand volleyball court, and picnic tables. Ideally located near the 91 and 15 freeways, shopping, and dining. An exceptional opportunity to own a refined, turnkey residence where design, comfort, and location converge. An exceptional opportunity to own a refined, turnkey residence where design, comfort, and location converge. Eligible for $10,000 forgivable loan (no payments, no interest) to cover closing costs, rate buy-down and/or down payment. 100% financing available with NO MI.
No exterior & parking available.
Grades K-5 • 1.0 mi
Grades PK-5 • 1.3 mi
Grades K-5 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,815 | 1,464 | 97% |
| Lot Size | 1,530 | - | 97% |
| Price | $580.0K | $555.0K | 78% |
| Price per sq ft | $320 | $365 | 3% |
| Built year | 2006 | 2025 | 3% |
| HOA | $221.0 | $400 | 5% |
| Days on market | 51 | 200 | 3% |
Apr 1, 2026
$579,999
$594,900
-3% Price Drop
Initial Listing
Mar 27, 2026
$594,900
$599,999
-1% Price Drop
Initial Listing
Mar 4, 2026
$599,999
Initial Listing
Mar 2, 2026
$599,990
Initial Listing
Nov 22, 2021
$540,000
Public Record
Sep 25, 2017
$355,000
Public Record
Oct 1, 2012
$175,000
Public Record
Oct 18, 2007
$340,000
Public Record