5740 Via Cervantes, Riverside, California 92506, Riverside, 92506 - 4 bed, 3 bath
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5740 Via Cervantes
Riverside, California 92506
ACTIVE
CONDITION: GOOD
4Beds
3Baths
2,552Sq Ft
29,621Lot Size
Property Price
LIST PRICE$850,000
EST. MARKET VALUE
$913,154
6% BelowMARKET VALUE
SUMMARY
This Turn-Key Mediterranean Estate is a Strong Value Opportunity, listed at $850,000—positioned well below the $913,155 Fair Market Value by 6%. This valuation gap offers $63,155 in Instant Equity for the buyer. Featuring a Condition Rating of 3, the home includes a remodeled gourmet kitchen, fresh paint, and new carpet. With a 2/3-acre lot offering panoramic 180-degree hill views, this property is an ideal sanctuary for Owner-Occupants or discerning families seeking a move-in ready lifestyle in the prestigious Canyon Crest neighborhood.
Estimated Market Value
$913,154+$63,154 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Riverside.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5740 Via Cervantes Subject | $850,000* List Price | 4 | 3 | 2,552 | $358 | - |
A 700 Via Concepcion Sold | $900,000 | 4 | 4 | 2,723 | $331 | 0.1 mi |
B 1311 Cadwell Court Sold | $895,000 | 4 | 2 | 2,112 | $424 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although built in 1974, the property is well-maintained and move-in ready. It features a remodeled gourmet kitchen with stone counters and stainless appliances, brand-new carpet, fresh interior paint, and an efficient solar system. While some original 1970s elements like popcorn ceilings and wood paneling remain, the primary systems and living areas have been updated within the 5-15 year range, qualifying it as a turn-key home.
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 = 29621, living area = 2552.
- Prime Location & Views
Situated in the prestigious Canyon Crest neighborhood, this estate offers breathtaking 180-degree panoramic hill views and is located just half a mile from the Canyon Crest Country Club.
- Expansive Lot & Versatility
The nearly 2/3-acre lot is a rare find, featuring a private orange grove and ample space to build a luxury pool, a detached ADU, or accommodate large RV storage.
CONSRISKS & DEFICIENCIES
- Solar Lease Commitment
The property features a solar lease rather than an owned system, which requires the buyer to assume a long-term financial contract and may be a deterrent for some investors.
- Property Age & Infrastructure
Built in 1974, the home may have aging underlying systems or infrastructure that could require maintenance or modernization beyond the recent cosmetic updates.
About 5740 Via Cervantes
INVESTMENT OPPORTUNITY!! Ready for the market with fresh paint and brand-new, plush carpet throughout, this house has already appraised for list price, making it a true turn-key crown jewel in Riverside’s highly desirable Canyon Crest neighborhood! Renowned for its scenic rolling hills, top-rated school district, close proximity to UC Riverside, and the vibrant local dining, boutique shopping, and everyday conveniences at the Canyon Crest Towne Centre, this prime location offers an elevated Southern California lifestyle. Perched majestically just 1/2 mile from the prestigious Canyon Crest Country Club on an expansive, nearly 2/3-acre lot, this custom 4-bedroom, 3-bathroom Mediterranean estate delivers breathtaking panoramic 180-degree hill views and total freedom. Step inside to discover a thoughtful, light-filled layout crafted for both grand entertaining and everyday relaxation. The interior features elegant formal living and dining spaces, timeless tile flooring, fresh neutral interior paint, and soft, brand-new carpet underfoot. At the heart of the home, the beautifully remodeled gourmet kitchen flows seamlessly into a separate, cozy family room anchored by a stunning focal-point fireplace. Retreat to the spacious bedrooms, each offering comfort, generous closet space, and serene natural light. While the home itself is immaculate, the outdoors truly set this property apart—highlighted by its very own private orange grove and mature fruit trees that bring authentic local charm right to your doorstep. Relax on the inviting front patio or explore the sweeping backyard canvas. With nearly two-thirds of an acre to work with, there is more than enough room to design your dream resort-style luxury pool, build a private detached ADU for extended family or rental income, or store all your recreational vehicles. Best of all, you get to enjoy this incredible estate with the massive financial benefits of lower property taxes, an efficient solar lease to keep utilities manageable, and absolutely NO HOA fees. Combined with the total peace of mind that comes with a full-price appraisal already secured, this home is completely move-in ready and waiting for its next chapter. APPRAISED AT LIST PRICE!!!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1974
- Lot Size
- 29,621 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 3.0 | 2.3 |
| Square foot | 2,552 | 1,867.892 |
| Lot Size | 29,621 | 8,787.773 |
| Price | $850.0K | $692.3K |
| Price per sq ft | $333 | $386 |
| Built year | 1974 | 1980 |
| HOA | $0 | $151 |
| Days on market | 61 | 55 |
Pricing History
Listed for Sale
Aug 22, 2026
$850,000
$839,000
+1% Price Increase
Initial Listing
Price Change
Jul 10, 2026
$839,000
Initial Listing