548 Via La Paloma, Riverside, California 92507, Riverside, 92507 - 2 bed, 2 bath

548 Via La Paloma, Riverside, California 92507 home-pic-0

548 Via La Paloma

Riverside, California 92507

ACTIVE
CONDITION: FAIR
2Beds
2Baths
2,182Sq Ft
174,240,000Lot Size

Property Price

LIST PRICE$598,000

SUMMARY

Analysis of 548 Via La Paloma, Riverside, California 92507 is currently available with a list price of $598,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Riverside 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.

Condition Analysis

OVERALL CONDITION SCORE

Fair
TeardownExcellent

Property is moderate renovation needed.

Built in 1981, this property is well-maintained but shows significant signs of being outdated. The kitchen features original-style wood cabinets, white tile countertops, white tile flooring, and dated fluorescent lighting. Bathrooms also have similar dated tile countertops, wood vanities, and older light fixtures. While functional and clean, the property requires substantial cosmetic updates to the kitchen, bathrooms, flooring (carpets and tiles), and light fixtures to meet current aesthetic standards. The overall condition suggests regular upkeep but no major modern renovations.

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 = 174240000, living area = 2182.

  • Desirable Canyon Crest Location

    Situated in the highly sought-after 'Canyon Hills' community, offering tranquility, well-manicured surroundings, and convenient access to Canyon Crest Country Club, dining, shopping, and entertainment.

  • Exceptional Outdoor Living & Views

    Features three private patios with seamless indoor-outdoor flow, providing picturesque views of mature trees and lush hillsides, enhancing the property's natural beauty and lifestyle appeal.

CONSRISKS & DEFICIENCIES

  • Limited Bedroom Count

    With only two bedrooms, the property may not accommodate larger families or those requiring additional rooms for home offices or guest accommodations.

  • History of Price Reductions

    The property has undergone significant price reductions from its original list price of $695,000 to $598,000, which could suggest initial overpricing or market challenges.

  • Recurring Association Fees

    A monthly association fee of $430.0 adds a substantial recurring cost to homeownership, which potential buyers must factor into their budget.

About 548 Via La Paloma

Welcome Home... This lovely single story home is nestled in the heart of the highly sought after "Canyon Hills" community located in Canyon Crest. Upon entering the community you immediately sense the tranquility and serenity of this well-manicured neighborhood. Perfect for Relaxed & Elegant Living Just moments from the Canyon Crest Country Club and lively Town Center, you'll enjoy effortless access to dining, shopping, and entertainment, all while being surrounded by breathtaking natural beauty. Inside, this thoughtfully designed two-bedroom, two-bathroom home offers an ideal balance of comfort and style. The family room takes center stage with a walk-behind wet bar with granite countertops, creating the perfect setting for entertaining guests or unwinding with a drink or glass of wine in hand. Cozy up by the fireplace in the spacious living room or enjoy the seamless indoor-outdoor flow leading to three private patios, each offering picturesque views of mature trees and lush hillsides. The primary suite is a true sanctuary, featuring generous space and a private patio—your own serene escape to enjoy morning coffee or unwind in the fresh air. A well-equipped laundry room with utility sink adds practicality to the home's thoughtful layout. With its peaceful ambiance and prime location, this Canyon Crest gem offers a lifestyle of sophistication and ease. Don't miss the opportunity to make it your own!

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1981
Lot Size
174,240,000 Sq. Ft.

Interior

Total Bedrooms
2
Total Bathrooms
2 (2 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$430.0 / Month

Neighborhood Insights

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds2.04.0
8%
Baths2.02.0
50%
Square foot2,1821,773
72%
Lot Size174,240,0008,276
99%
Price$598.0K$655.0K
31%
Price per sq ft$274$367
10%
Built year19811977
52%
HOA$430.0$0
98%
Days on market269173
91%

Pricing History

Listed for Sale

Dec 29, 2025

$598,000

$665,000

-10% Price Drop

Initial Listing

Price Change

Aug 8, 2025

$665,000

Initial Listing

Price Change

Jun 11, 2025

$695,000

Initial Listing

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