8461 Colorado, Riverside, California 92504, Riverside, 92504 - 5 bed, 3 bath
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8461 Colorado
Riverside, California 92504
ACTIVE
CONDITION: FAIR
5Beds
3Baths
1,377Sq Ft
7,405Lot Size
Property Price
LIST PRICE$685,000
EST. MARKET VALUE
$632,917
8% AboveMARKET VALUE
SUMMARY
This Multi-Generational Residential Property represents a Strong Value Opportunity, listed at $685,000—positioned above the $628,484 Fair Market Value. While the price reflects a premium, the home offers significant utility through its Two Primary Bedrooms, Solar Power System, and RV Parking on a large 7,405 sqft corner lot. With a Fair Condition Rating, the home provides a stable foundation for long-term value. This property is an ideal acquisition for Multi-Generational Families or First-Time Buyers seeking a flexible, energy-efficient home in an established Riverside neighborhood.
Estimated Market Value
$632,917
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 |
|---|---|---|---|---|---|---|
★ 8461 Colorado Subject | $685,000* List Price | 5 | 3 | 1,377 | $460 | - |
A 4356 Snowberry Sold | $605,000 | 4 | 2 | 1,428 | $424 | 0.3 mi |
B 6853 Morningside Sold | $620,000 | 3 | 2 | 1,260 | $492 | 0.4 mi |
C 8614 Camelia Sold | $617,000 | 3 | 2 | 1,288 | $479 | 0.3 mi |
D 5952 Maybelle St Sold | $580,000 | 3 | 2 | 1,241 | $467 | 0.9 mi |
E 6848 Holbrook Sold | $565,000 | 4 | 2 | 1,284 | $440 | 0.9 mi |
F 8536 Brunswick Sold | $624,000 | 3 | 2 | 1,288 | $484 | 0.2 mi |
G 8673 Camelia Dr Sold | $605,000 | 3 | 2 | 1,288 | $470 | 0.3 mi |
H 5865 Green Valley Street Sold | $600,000 | 3 | 2 | 1,280 | $469 | 0.4 mi |
I 5911 Green Valley Pending | $585,000 List Price | 4 | 2 | 1,347 | $434 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1994 (32 years old), the property falls into the 'Fair' category due to its age and dated interior elements like the living room carpeting and brick fireplace. While the home is well-maintained with functional HVAC, solar panels, and some updated flooring in the bedrooms, it lacks a comprehensive modern renovation within the last 15 years.
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 = 7405, living area = 1377.
- Multi-Generational Layout
The home features two primary bedrooms, providing exceptional flexibility for extended families, guests, or those seeking a private home office suite.
- Energy Efficiency
Equipped with a solar power system and central HVAC, this property offers significant long-term savings on utility costs and improved environmental efficiency.
CONSRISKS & DEFICIENCIES
- School Proximity Traffic
Being located directly across from an elementary school results in high traffic congestion and noise levels during morning drop-off and afternoon pick-up hours.
- High Bedroom Density
With four bedrooms configured within 1,377 square feet, the individual room sizes or common living areas may feel compact for larger families.
About 8461 Colorado
Welcome to 8461 Colorado Avenue, a beautifully maintained corner-lot home located in one of Riverside's established and family-friendly neighborhoods. Situated directly across the street from Adams Elementary School, this property offers the perfect blend of comfort, convenience, and long-term value. This spacious residence features two Primary Bedrooms, making it an excellent option for multi-generational living, extended family, guests, or anyone seeking additional privacy and flexibility. The home is equipped with central air conditioning and heating for year-round comfort, along with a solar power system designed to help reduce utility costs and improve energy efficiency. The desirable corner lot provides added privacy, enhanced curb appeal, RV Parking, and additional outdoor space for entertaining, gardening, or future possibilities. Located in a well-established neighborhood known for its mature trees and pride of ownership, residents enjoy convenient access to shopping, dining, parks, schools, and major commuter routes including the 91 Freeway. Whether you're a first-time buyer, growing family, or someone looking for a home that accommodates multiple generations under one roof, this property delivers exceptional value in today's market. Enjoy the benefits of an established Riverside community with larger lots, a strong sense of neighborhood, and easy access to everything the Inland Empire has to offer.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1994
- Lot Size
- 7,405 Sq. Ft.
Interior
- Total Bedrooms
- 5
- 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 | 5.0 | 4.0 |
| Baths | 3.0 | 2.3 |
| Square foot | 1,377 | 1,867.892 |
| Lot Size | 7,405 | 8,787.773 |
| Price | $685.0K | $692.3K |
| Price per sq ft | $497 | $386 |
| Built year | 1994 | 1980 |
| HOA | $0 | $151 |
| Days on market | 47 | 55 |
Pricing History
Listed for Sale
Jul 24, 2026
$685,000
Initial Listing
Sold
Jul 11, 2019
$420,000
Public Record
Sold
Sep 16, 1994
$135,500
Public Record