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8044 Country Mile Lane, Riverside, California 92507, Riverside, 92507 - 5 bed, 4 bath

8044 Country Mile Lane, Riverside, California 92507 home-pic-0
ACTIVE$918,000
8044 Country Mile Lane, Riverside, California 92507
5Beds
4Baths
3,148Sqft
10,454Lot

Price Vs. Estimate

The estimated value ($926,462.91) is $8,462.91 (0%) lower than the list price ($918,000). This property may be overpriced.

Key pros and cons

Top Pros:
Breathtaking Mountain Views & Privacy: The property offers unobstructed, breathtaking mountain views with no rear neighbors, ensuring exceptional privacy and a serene living environment.
Top Cons:
MLS Listing Discrepancy: Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.

Compared to the nearby listings

Price:$918.0K vs avg $652.9K (+$265,065)98%
Size:3,148 sqft vs avg 1,854 sqft95%
Price/sqft:$292 vs avg $35818%

More Insights

Built in 2021 (4 years old).
Condition: This property was built in 2021, making it virtually new. The kitchen features modern white shaker-style cabinets, granite countertops, and stainless steel appliances. Bathrooms are equally modern with white vanities, contemporary fixtures, and separate tubs/showers. The home boasts tile flooring in main living areas, recessed lighting, and overall new finishes, indicating no deferred maintenance and meeting current quality standards.
Year Built
2021
Close
-
List price
$918K
Original List price
$918K
Price/Sqft
$292
HOA
-
Days on market
-
Sold On
-
MLS number
WS25276718
Home ConditionExcellent
Features
Excellent View: City Lights, Mountain(s), Neighborhood
Patio
ViewCity Lights,Mountain(s),Neighborhood

About this home

Views, Views, Views! No HOA. Rare single-level home with no rear neighbors, offering unobstructed, breathtaking mountain views and exceptional privacy. This thoughtfully designed property includes a builder-constructed junior suite with a private entrance—ideal for multi-generational living or rental income while occupying the main residence. A bonus office/den offers exceptional flexibility and can be used as a 6th bedroom, home office, or entertainment room. Upgrades include tile flooring throughout the living areas, concrete side yard and backyard, and a sound-insulated wall between the main home and junior suite for added privacy. Built with energy efficiency in mind, the home features solar panels that significantly reduce electricity costs. Buyer to assume solar lease at $130.14/month. A truly versatile and desirable home—perfect for comfortable living and smart investment. Don’t miss this opportunity.

Price History

Date
Event
Price
12/02/21
Sold
$718,000
Condition Rating
Excellent
This property was built in 2021, making it virtually new. The kitchen features modern white shaker-style cabinets, granite countertops, and stainless steel appliances. Bathrooms are equally modern with white vanities, contemporary fixtures, and separate tubs/showers. The home boasts tile flooring in main living areas, recessed lighting, and overall new finishes, indicating no deferred maintenance and meeting current quality standards.
Pros & Cons

Pros

Breathtaking Mountain Views & Privacy: The property offers unobstructed, breathtaking mountain views with no rear neighbors, ensuring exceptional privacy and a serene living environment.
Versatile Junior Suite: Includes a builder-constructed junior suite with a private entrance, providing excellent flexibility for multi-generational living or potential rental income.
New Construction & Modern Features: Built in 2021, the home features modern upgrades such as tile flooring throughout living areas and a sound-insulated wall for enhanced comfort and privacy.
Energy Efficiency: Equipped with solar panels, the home is designed for energy efficiency, promising significantly reduced electricity costs for the homeowner.
Flexible Layout & No HOA: A bonus office/den offers exceptional flexibility (potential 6th bedroom), and the absence of HOA fees provides financial savings and fewer restrictions.

Cons

MLS Listing Discrepancy: Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.
Assumable Solar Lease Obligation: The buyer is required to assume an existing solar lease with a monthly payment of $130.14, adding to the ongoing cost of homeownership.
Limited Natural Landscaping: The presence of concrete side and backyard areas suggests minimal natural green space, which may not appeal to buyers desiring a traditional lawn or garden.
Potential for Higher Property Taxes: As a new construction (2021), property taxes will be assessed at or near the current market value, potentially resulting in a higher annual tax burden compared to older homes.

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