3894 Polk, Riverside, California 92505, Riverside, 92505 - 3 bed, 3 bath
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Riverside, California 92505
This Turnkey End-Unit Condominium is a Prime Investment Opportunity, listed at $471,000—positioned well below the $495,281 Fair Market Value by 4%. This valuation gap offers $24,281 in Instant Equity for the incoming owner. Boasting a Good Condition Rating, the home features a Granite Kitchen with new appliances and updated flooring. Located in the Riverside Unified School District near Kaiser Permanente and the 91 Freeway, residents enjoy a Community Pool and Spa. This pre-approved short sale is an ideal acquisition for Owner-Occupants or first-time buyers seeking immediate value.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3894 Polk Subject | $471,000* List Price | 3 | 3 | 1,481 | $334 | - |
A 3874 Polk Street D Sold | $470,000 | 3 | 3 | 1,394 | $337 | 0.0 mi |
B 3944 Polk Sold | $420,000 | 2 | 2 | 1,211 | $347 | 0.1 mi |
C 3920 Polk Street C Sold | $460,000 | 3 | 3 | 1,394 | $330 | 0.1 mi |
D 3874 Polk Street F Active | $425,000 List Price | 2 | 2 | 1,211 | $351 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is in move-in ready, turnkey condition and fits the age criteria for a 'good' score, having been built in 2006. The kitchen features desirable granite countertops and updated stainless steel appliances. While the cabinetry and bathroom fixtures appear original to the 2006 construction, they are well-maintained with minimal wear. The flooring has been updated with a combination of tile and modern wood-look laminate, and the overall interior shows pride of ownership with no immediate repairs required.
This end-unit condo is in move-in ready condition, featuring modern upgrades such as granite countertops, new appliances, and tile flooring, which eliminates the need for immediate renovation.
Ideally situated across from Kaiser Permanente and minutes from the 91 Freeway and Tyler Mall, the property offers exceptional convenience for commuters and healthcare professionals.
Unlike many distressed properties, this short sale is already approved by the mortgage company and FHA, significantly reducing the typical waiting period and uncertainty for the buyer.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1481, other record living area = 1394.
The property was recently sold within the past year on 2025-04-29. The sold price is $495,000.00.
The monthly association fee of $500 is relatively high for the area, which may impact the overall monthly affordability and debt-to-income ratio for potential buyers.
End Unit 3-bedroom, 2.5 bath condo in a highly convenient Riverside community. This bright, well-maintained home features tile flooring, a modern kitchen with granite counters and new appliances, and an open layout connecting to a cozy den with fireplace. Flexible dining/office space and an indoor laundry room add to the functionality. The spacious primary suite includes a walk-in closet and dual vanities. Attached 2 car garage with guest parking nearby. Ideally located just steps from the community pool, spa, and park, with HOA amenities including security, water, and trash. Prime location across from Kaiser Permanente and minutes to the 91 Freeway, Tyler Mall, shopping, and dining. Short sale already approved by the Mortgage Compnay and FHA. Turnkey condition and ready for immediate occupancy.
No exterior & parking available.
Grades PK-5 • 0.6 mi
Grades K-5 • 0.7 mi
Grades K-5 • 0.8 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 | 1,481 | 1,437.5 | 50% |
| Lot Size | - | 653.5 | 50% |
| Price | $471.0K | $470.5K | 50% |
| Price per sq ft | $318 | $332 | 13% |
| Built year | 2006 | 2006 | 50% |
| HOA | $500.0 | $424 | 50% |
| Days on market | 8 | 98 | 13% |
Apr 14, 2026
$471,000
Initial Listing
Apr 29, 2025
$495,000
Public Record
Aug 5, 2015
$239,000
Public Record
Jan 28, 2008
$277,500
Public Record