
Riverside, California 92506
This Spacious Townhouse is a Strong Value Opportunity, listed at $625,000—positioned slightly above the $617,776 Fair Market Value. While priced at market, the property offers a Good Condition Rating with high-end bathroom remodels and a newer HVAC system. Residents enjoy a low-maintenance lifestyle with access to a pool, spa, and Mountain Views, all within the Riverside Unified school district. With its versatile floor plan and accessibility features, this home is an ideal acquisition for Owner-Occupants or first-time buyers seeking a turnkey residence in a prime location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 440 Elsmere Drive Subject | $625,000* List Price | 4 | 3 | 2,188 | $282 | - |
A 2260 El Capitan Sold | $559,000 | 4 | 3 | 2,004 | $279 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1978, the property has been well-maintained with high-end remodeled bathrooms and a newer HVAC system. The kitchen features stainless steel appliances and the overall interior is move-in ready, fitting the 5-15 year renovation profile for a 'Good' rating.
Situated in a highly desirable Riverside pocket between Canyon Crest and Alessandro Heights, this property offers the square footage of a single-family home at a significantly more competitive price point for the area.
The home features beautifully remodeled bathrooms and a newer HVAC system, providing modern luxury and peace of mind regarding major mechanical components.
With nearly 2,200 square feet of living space, a main-level bedroom/office, and an installed stair lift, the floor plan is exceptionally functional for multi-generational living or those with mobility considerations.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =1530, other record lot size in square feet = 1742. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
The $400 monthly association fee increases the total monthly carrying cost, which may be a deterrent for buyers sensitive to non-equity-building expenses.
As a townhouse on a modest 1,530 square foot lot, the property offers less private yard space and involves shared walls, which may not suit buyers seeking the total seclusion of a detached residence.
Tucked into one of Riverside’s most desirable pockets, between Canyon Crest, Alessandro Heights and Hillcrest, this spacious four-bedroom, 2.5-bath townhome offers nearly 2,200 square feet of beautifully maintained living space—and an exceptional opportunity to enjoy this coveted area at a remarkable value. Lovingly cared for by longtime art collectors, the home has a distinctive sense of character and warmth, with thoughtful finishes and beautifully remodeled, high-end bathrooms. The generous floor plan feels more like a single-family home, with spacious living areas and a large main-level bedroom currently configured as an office, along with a convenient powder room. Upstairs, the exceptionally spacious primary suite is a true retreat, featuring a dramatic vaulted ceiling and a beautifully remodeled en-suite bath with dual sinks, a soaking tub and separate walk-in shower. The home also features a newer HVAC system, water softener and an installed stair lift, providing an added accessibility feature for those with mobility considerations. Step outside to your private rear patio, where mature specimen eucalyptus and pepper trees create a peaceful backdrop, beautiful views and a wonderful sense of privacy. Best of all, enjoy an exceptionally low-maintenance lifestyle, with landscaping and the building exterior maintained by the HOA. The private community also offers a pool and spa and is ideally located near highly regarded schools, Canyon Crest Towne Centre, Mission Grove Shopping Center, dining, shopping and everyday conveniences. With homes of comparable size in the surrounding neighborhoods often commanding significantly higher prices, 440 Ellesmere Drive offers a rare combination of space, location, comfort and value in one of Riverside’s most sought-after areas.
No exterior & parking available.
Grades K-6 • 0.6 mi
Grades 7-8 • 1.8 mi
Grades 9-12 • 1.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.2 |
| Baths | 3.0 | 3.0 |
| Square foot | 2,188 | 1,584.2 |
| Lot Size | 1,530 | 1,951.367 |
| Price | $625.0K | $555.7K |
| Price per sq ft | $286 | $360 |
| Built year | 1978 | 2005 |
| HOA | $400.0 | $341 |
| Days on market | 7 | 82 |
Sep 2, 2026
$625,000
Initial Listing