
Riverside, California 92507
This Versatile Single-Family Residence is a Strong Value Opportunity, listed at $650,000—positioned well below the $658,524 Fair Market Value by 1%. This valuation gap offers $8,524 in Instant Equity. Featuring a Condition Rating of 3, the home includes significant mechanical upgrades like a 2019 roof and 2020 electrical panel. Its proximity to UCR and mountain views make it a high-demand asset. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a strategic, well-maintained home.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3979 Havenhurst Subject | $650,000* List Price | 4 | 2 | 1,547 | $426 | - |
A 231 Hillandale Court Sold | $580,000 | 3 | 2 | 1,456 | $398 | 0.1 mi |
B 3430 Bahia Sold | $599,000 | 4 | 2 | 1,597 | $375 | 0.6 mi |
C 230 E Blaine Sold | $640,000 | 4 | 2 | 1,512 | $423 | 0.6 mi |
D 587 W Blaine Sold | $575,000 | 3 | 2 | 1,899 | $303 | 0.9 mi |
E 208 Deborah Court Sold | $680,000 | 4 | 2 | 1,851 | $367 | 0.8 mi |
F 461 W Blaine Sold | $575,000 | 3 | 2 | 1,063 | $541 | 0.8 mi |
G 194 W Blaine Street Sold | $570,000 | 4 | 2 | 1,350 | $422 | 0.6 mi |
H 3089 Floral Sold | $585,000 | 3 | 2 | 1,179 | $496 | 0.8 mi |
I 3595 Watkins Drive Active | $599,900 List Price | 4 | 2 | 1,272 | $472 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1960, the property is exceptionally well-maintained with major system updates including a new roof (2019), new electrical panel (2020), and HVAC replaced in 2012. Interior photos show a renovated bathroom with modern tiling and a move-in ready condition that fits the 5-15 year renovation criteria.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8712, living area = 1547.
Situated within walking distance to UC Riverside, this property offers exceptional rental demand and long-term value for investors or student-occupants.
Key structural and mechanical updates including a new roof (2019), updated electrical panel (2020), and new gutters provide peace of mind and reduced immediate maintenance costs.
The conversion of the living room to create a fourth bedroom may result in a cramped common area and a less traditional floor plan that could deter some owner-occupant buyers.
Although functional, the central A/C system dates back to 2012 and may require replacement or significant maintenance in the near future given its age.
Location, Location, Location! Don't miss this incredible opportunity to own a beautifully maintained 4-bedroom, 2-bathroom home in one of the most desirable neighborhoods near the University of California, Riverside (UCR). Conveniently located just a short walk to campus, this property is ideal for owner-occupants, investors, or anyone seeking a prime rental opportunity. The versatile floor plan features a converted fourth bedroom, created by adding a wall in the living room, offering additional living or rental flexibility. Recent improvements include a new roof (2019), new garage door and opener (2019), new rain gutters (2020), new circuit breaker panel (2020), central A/C replaced in 2012, and a new refrigerator and dryer (2023). Commuters will appreciate the convenient access to Interstate 60 and State Route 91, making travel throughout the Inland Empire and beyond quick and easy. Enjoy a well-established neighborhood with beautiful mountain views and abundant outdoor recreation. Hike to the iconic Box Springs Mountain "C" or explore the scenic UCR Botanic Gardens, both just minutes away. You'll also enjoy convenient access to shopping, dining, and entertainment, with the vibrant restaurants, arts, and cultural attractions of Downtown Riverside only a short drive away. Families will appreciate the proximity to highly regarded schools, including Riverside STEM Academy, Harada Elementary School, University Heights Middle School, and North High School. Whether you're searching for your primary residence, a home for a UCR student, or an investment property in one of Riverside's strongest rental markets, this home offers an exceptional combination of location, updates, and versatility. Click on the 360 prompt, take a virtual tour !
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,547 | 1,723 |
| Lot Size | 8,712 | 8,712 |
| Price | $650.0K | $676.0K |
| Price per sq ft | $420 | $395 |
| Built year | 1960 | 1977 |
| HOA | $0 | $125 |
| Days on market | 15 | 58 |
Jul 7, 2026
$650,000
Initial Listing
Oct 28, 2010
$225,000
Public Record
Aug 25, 2005
$395,000
Public Record
Mar 12, 1999
$110,000
Public Record