40520 Lake Riverside, Aguanga, California 92536, Aguanga, 92536 - 3 bed, 2 bath
40520 Lake Riverside
Aguanga, California 92536
Property Price
SUMMARY
Analysis of 40520 Lake Riverside, Aguanga, California 92536 reveals a property with a current list price of $525,000, which is 6% above the estimated $493,591 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. 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 Aguanga 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 |
|---|---|---|---|---|---|---|
★ 40520 Lake Riverside Subject | $525,000* List Price | 3 | 2 | 1,630 | $303 | - |
A 49412 Kiowa Drive Sold | $585,000 | 3 | 2 | 1,739 | $336 | 0.7 mi |
B 41060 Lakeshore Boulevard Sold | $564,000 | 5 | 3 | 2,010 | $281 | 0.9 mi |
C 49450 Kiowa Sold | $565,000 | 3 | 2 | 2,028 | $279 | 0.7 mi |
D 40757 Brook Trails Active | $614,000 List Price | 3 | 2 | 1,954 | $314 | 0.6 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 well-maintained. Although built in 1990, the home features recently remodeled bathrooms and updated flooring throughout. The kitchen is clean and functional with white cabinetry and modern fixtures. The interior shows minimal wear and tear, and the property benefits from significant updates that elevate it above the 'Fair' category for its age.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 115434, living area = 1630.
- Exceptional Community Amenities
Situated in Lake Riverside Estates, the property offers rare lifestyle perks including a private airstrip, a 55-acre recreational lake, and direct access to National Forest trails for equestrians and hikers.
- Superior Financing Incentives
The listing features a highly attractive 4.75% assumable FHA loan and qualifies for a zero-down USDA loan, providing significant affordability and value in a high-interest rate market.
CONSRISKS & DEFICIENCIES
- Remote School Proximity
The property is located over 16 miles from the nearest elementary, middle, and high schools, which may pose a significant logistical challenge for families with school-aged children.
- Modest Living Area
With 1,630 square feet of living space, the home's interior footprint is relatively small for a custom-built residence on such a large parcel of land, potentially limiting its appeal to larger families.
About 40520 Lake Riverside
Check out this beautiful custom-built home on 2.65 in exclusive Lake Riverside Estates. Nestled in the foothills of the stunning Cahuilla Mountain, this community is suited for equestrians, boaters, and pilots. You'll enjoy the miles of walking and riding trails with direct access to the National Forest. The lighted, private airstrip allows you the freedom to fly at a moment's notice, and the private 55-acre lake is perfect for watersports including boating, sailing, kayaking and fishing. Located in the center of all beautiful community is an amazing opportunity: A large 3bedroom, 2 bath home with over 1600 square feet of living space. You'll enter into a large living room with direct access to the sunny kitchen. There is a downstairs office that could easily be converted to a 4th bedroom. Also downstairs is a recently updated bath, and indoor laundry room. Upstairs are 3 roomy bedrooms, including a spacious owners suite with private bath. The other 2 bedrooms share a remodeled hall bath. Outside you'll love the fully fenced lot, the covered patio, and sweeping views. The level lot is ready for you to bring in corrals, an ADU, or whatever you can imagine. Enjoy the lifestyle this community offers: swimming pool, tot lot, community arena, and holiday events for the little ones. This home has an assumable FHA Loan at 4.75% and also qualifies for a 0 down USDA loan. Call for details and plan your visit today!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1990
- Lot Size
- 115,434 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $165.0 / Month
Neighborhood Insights
Aguanga Unified Schools
Mcsweeny Elementary School
Grades K-5 • 16.8 mi
Diamond Valley Middle School
Grades 6-8 • 16.6 mi
Aspire Community Day
Grades 7-12 • 16.8 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 47% |
| Baths | 2.0 | 3.0 | 47% |
| Square foot | 1,630 | 2,076 | 12% |
| Lot Size | 115,434 | 117,176 | 41% |
| Price | $525.0K | $585.0K | 29% |
| Price per sq ft | $322 | $274 | 76% |
| Built year | 1990 | 2001 | 35% |
| HOA | $165.0 | $164 | 82% |
| Days on market | 30 | 191 | 12% |
Pricing History
Listed for Sale
Mar 5, 2026
$525,000
$535,000
-2% Price Drop
Initial Listing
Price Change
Feb 21, 2026
$535,000
$550,000
-3% Price Drop
Initial Listing
Price Change
Feb 5, 2026
$550,000
Initial Listing
Sold
May 5, 2022
$488,000
Public Record
Sold
Jul 27, 2006
$319,000
Public Record
Sold
Jul 26, 2006
$398,500
Public Record
Sold
Aug 20, 2004
$359,000
Public Record