
Riverside, California 92506
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.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5740 Via Cervantes Subject 4 bd · 3 ba · 2,552 sqft · $313 | $799,999* List Price | 4 | 3 | 2,552 | $313 | - |
A 700 Via Concepcion Sold 4 bd · 4 ba · 2,723 sqft · $331 · 0.1 mi | $900,000 | 4 | 4 | 2,723 | $331 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
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.
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.
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.
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.
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.
Built in 1974, the home may have aging underlying systems or infrastructure that could require maintenance or modernization beyond the recent cosmetic updates.
Rare 0.68-acre lot in Canyon Crest, no HOA, with new flooring and fresh paint already done. This 4-bedroom, 2.5-bath home offers 2,552 sq ft of living space on land that is hard to find in Riverside at this price. Space, location, and upside are all here. The only thing missing is your vision. The seller has already installed new flooring and fresh paint, so the heavy lifting is done. What remains is cosmetic: the ceilings and the finishing touches. That means you choose the final style, you control the budget, and you capture the equity you create. Renovated homes nearby are priced well above this one, which leaves real margin for a buyer who adds value. An appraisal is available, so the numbers are not guesswork. The oversized lot is the real opportunity. Picture a pool, outdoor entertaining space, RV or toy storage, a workshop, or a possible ADU for added income or extended-stay guests (buyer to verify feasibility and permits with the City of Riverside). Lots like this rarely come with a home this size, and almost never without an HOA. With four bedrooms and 2,552 sq ft, the floorplan gives you room to spread out, work from home, or reconfigure the layout to fit your needs. Start with solid square footage and shape it into exactly what you want. The structure, layout, and lot are the hard parts to find, and they are already here. Financing options exist for buyers who want to roll the updates into one loan. Renovation programs such as FHA 203(k) and Fannie Mae HomeStyle may apply, and cash buyers can move quickly. Ask your lender how a renovation loan could fit this purchase. The location puts you near UC Riverside, Canyon Crest shopping and dining, and convenient freeway access for commuting around the Inland Empire. Ideal for a hands-on owner who wants to build sweat equity, or an investor looking for a clear path to margin on a larger lot. Do the math, tour the property, and picture the finished result. Agents, bring your investor and renovation-loan clients. A contractor scope of the remaining cosmetic work and renovated comps are available on request, so your buyer can run the numbers before they walk in. Call today to schedule your private showing. Now Listed below Appraised Value so you are walking into equity! Seller is open to help with buydowns, ask us how!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 3.0 | 2.2 |
| Square foot | 2,552 | 1,854.896 |
| Lot Size | 29,621 | 8,680.308 |
| Price | $800.0K | $698.4K |
| Price per sq ft | $313 | $380 |
| Built year | 1974 | 1982 |
| HOA | $0 | $156 |
| Days on market | 107 | 57 |
Oct 16, 2026
$799,999
$829,999
-4% Price Drop
Initial Listing
Oct 10, 2026
$829,999
$839,999
-1% Price Drop
Initial Listing
Sep 18, 2026
$839,999
$850,000
-1% Price Drop
Initial Listing
Aug 22, 2026
$850,000
$839,000
+1% Price Increase
Initial Listing
Jul 10, 2026
$839,000
Initial Listing