
Riverside, California 92507
This property presents a High-Potential Investment Opportunity with a List Price of $720,000—positioned above the $668,312 Fair Market Value by 7%. While priced above current estimates, the massive 20,038-square-foot lot and Canyon Views provide significant long-term upside. With a Condition Rating of 4, the home is functional but requires cosmetic updates. The expansive lot offers prime ADU Development Potential, making this a strategic Value-Add Asset ideal for Buy-and-Hold Investors or Owner-Occupants looking to build equity through future improvements.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 472 Tanner Subject 3 bd · 2 ba · 1,556 sqft · $430 | $720,000* List Price | 3 | 2 | 1,556 | $430 | - |
A 596 Transit Sold 4 bd · 2 ba · 1,262 sqft · $416 · 0.7 mi | $525,000 | 4 | 2 | 1,262 | $416 | 0.7 mi |
B 31 Heron Pending 4 bd · 2 ba · 1,712 sqft · $429 · 0.5 mi | $735,000 List Price | 4 | 2 | 1,712 | $429 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1984 (40 years old), the property is functional but dated. While it features newer wood-look flooring and stainless steel appliances, the kitchen cabinetry and countertops appear to be from a 20+ year old renovation or original. The large lot is mostly unimproved dirt, and the overall condition suggests a need for cosmetic updates to meet modern standards.
The property sits on a massive 20,038-square-foot lot, offering rare privacy and significant space for outdoor recreation, gardening, or custom landscaping.
The generous lot size presents a prime opportunity to construct an Accessory Dwelling Unit (ADU), providing potential for rental income or multi-generational living.
The home features desirable canyon views, enhancing the property's tranquility and providing a premium aesthetic that increases overall market appeal.
At 1,556 square feet, the living area is relatively modest compared to the expansive lot size, which may not meet the needs of larger families.
Built in 1984, the home may require modern cosmetic updates or system upgrades to compete with newer contemporary residences in the Riverside area.
Welcome to 472 Tanner Circle, located in the Highgrove community of Riverside! Situated on an expansive approximately 20,038-square-foot lot, this charming single-story home offers 3 bedrooms, 2 bathrooms, and approximately 1,556 square feet of living space. Step inside to discover a bright and inviting interior featuring spacious living areas, attractive wood-look flooring, and an abundance of natural light. The living room showcases a beautiful bay window, while the separate living area features a classic brick fireplace, creating a comfortable space for relaxing or entertaining. The kitchen offers generous cabinetry, ample counter space, stainless steel appliances, and a convenient breakfast bar overlooking the adjoining living area. The dining nook is surrounded by windows, providing a pleasant setting for everyday meals. The primary bedroom features an adjoining vanity area, while the additional bedrooms offer flexibility to accommodate a variety of needs. One of the property's most impressive features is its expansive backyard, offering ample outdoor space for entertaining, gardening, recreation, or future improvements. The generous lot size also presents an opportunity to explore additional possibilities, including a potential accessory dwelling unit (ADU), subject to applicable zoning requirements, permits, and county approvals. Additional features include an attached two-car garage, indoor laundry area, and outdoor storage structure. Conveniently situated with access to nearby shopping, dining, and transportation routes, this property offers a combination of comfortable indoor living and exceptional outdoor space. Don't miss the opportunity to explore everything this unique property has to offer. Schedule your private showing today!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 2.0 | 2.2 |
| Square foot | 1,556 | 1,854.896 |
| Lot Size | 20,038 | 8,680.308 |
| Price | $720.0K | $698.4K |
| Price per sq ft | $463 | $380 |
| Built year | 1984 | 1982 |
| HOA | $0 | $156 |
| Days on market | 4 | 57 |
Oct 20, 2026
$720,000
Initial Listing
Dec 29, 2023
$302,500
Public Record