
Riverside, California 92507
This Modern New Construction Condominium is a Prime Investment Opportunity, listed at $499,999—positioned well below the $556,961 Fair Market Value by 10%. This valuation gap provides $56,962 in Instant Equity for the incoming owner. Boasting a Mint Condition Rating, the 2024 build features Premium Builder Upgrades, an open-concept Great Room, and a versatile tech loft. Located in the Riverside Unified School District near Highgrove Town Center, this turnkey residence balances lifestyle luxury with immediate financial gain. It is an exceptional match for Owner-Occupants or first-time buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7102 Olive Grove Street Subject | $499,999* List Price | 3 | 3 | 1,567 | $354 | - |
A 7179 Olive Grove Street Sold | $500,000 | 3 | 3 | 1,337 | $374 | 0.0 mi |
B 20046 Red Rock Avenue Sold | $535,000 | 3 | 3 | 1,797 | $298 | 1.0 mi |
C 19152 Chestnut Grove Court Sold | $461,990 | 2 | 2 | 1,121 | $412 | 0.1 mi |
D 19245 Sequoia Grove Sold | $449,990 | 2 | 2 | 1,192 | $378 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
This is a brand-new 2024 construction in mint condition. It features modern open-concept living, builder upgrades, contemporary kitchen finishes, and brand-new HVAC and electrical systems, requiring zero maintenance.
Built in 2024, this home offers the latest in energy efficiency, modern building standards, and the peace of mind that comes with new construction warranties.
The open-concept main floor combined with a versatile upstairs loft/tech space perfectly caters to contemporary lifestyles and remote work needs.
This unit features additional upgrades beyond the standard builder specifications, providing enhanced aesthetic appeal and immediate value for the buyer.
The $332 monthly HOA fee adds a significant recurring expense to the carrying cost of the property, which may impact some buyers' debt-to-income ratios.
The property is listed as having no views, which may be a disadvantage for buyers seeking the natural vistas or city lights often found in the Riverside area.
Welcome to 7102 Olive Grove St, Riverside — a beautifully upgraded, move-in ready home located in the highly desirable Highgrove Town Center community built by Lennar. Offering the perfect blend of modern design, comfort, and convenience, this home is an exceptional opportunity for buyers seeking the benefits of newer construction without the added builder costs, upgrade expenses, or construction wait times. Unlike many new construction homes that require additional spending after closing, this home is already thoughtfully finished and ready to enjoy. From the moment you enter, you’ll appreciate the bright open-concept layout, stylish finishes, and warm, inviting atmosphere that truly makes this home stand out from typical builder inventory. The main level seamlessly connects the modern kitchen, dining area, and spacious Great Room, creating an ideal setting for everyday living and entertaining. Upstairs, the versatile loft/tech space offers the perfect area for a home office, study space, or additional lounge area. The spacious bedrooms provide comfort and flexibility for families, guests, or multigenerational living. Designed for today’s lifestyle, this home delivers the convenience and peace of mind buyers want in newer construction while offering the added value of completed upgrades and true move-in readiness. Enjoy easy access to shopping, dining, parks, freeways, and nearby amenities, all within a growing and vibrant Riverside community.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 62% |
| Baths | 3.0 | 2.0 | 85% |
| Square foot | 1,567 | 1,121 | 85% |
| Lot Size | - | - | 50% |
| Price | $500.0K | $386.0K | 82% |
| Price per sq ft | $319 | $361 | 21% |
| Built year | 2024 | 1982 | 85% |
| HOA | $332.0 | $385 | 23% |
| Days on market | 38 | 155 | 3% |
Apr 29, 2026
$499,999
Initial Listing