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8501 Fayette Court, Riverside, California 92504, Riverside, 92504 - 4 bed, 3 bath

8501 Fayette Court, Riverside, California 92504 home-pic-0
ACTIVE UNDER CONTRACT$549,999
8501 Fayette Court, Riverside, California 92504
4Beds
3Baths
1,730Sqft
4,356Lot

Price Vs. Estimate

The estimated value ($589,000) is $39,001 (7%) higher than the list price ($549,999). This property may be underpriced.

Key pros and cons

Top Pros:
Community & HOA Value: Secure, gated community (Village Parks) with well-maintained grounds, park, and playground. Exceptionally low HOA ($175) includes water, trash, and sewer, offering significant value.
Top Cons:
Lack of Cooling System Mention: The property description does not specify the presence of a central air conditioning system, which could be a significant concern for comfort during warmer months in Riverside.

Compared to the nearby listings

Price:$550.0K vs avg $628.5K ($-78,501)17%
Size:1,730 sqft vs avg 1,594.5 sqft56%
Price/sqft:$318 vs avg $41210%

More Insights

Built in 2000 (25 years old).
Condition: Built in 2000, this property is 24 years old. While well-maintained and move-in ready, the kitchen features dark cabinets and white square tile flooring that appear dated, despite the granite countertops. The primary bathroom has a granite vanity and tile, but no images are provided for a full assessment. Carpets in bedrooms and the overall aesthetic suggest the home has not undergone extensive modern renovations in the last 15-20 years. The lack of a specific mention of a central cooling system is also a factor. It is functional and clean but shows signs of being outdated and would benefit from cosmetic updates.
Year Built
2000
Close
-
List price
$550K
Original List price
$589K
Price/Sqft
$318
HOA
$175
Days on market
-
Sold On
-
MLS number
IV25233577
Home ConditionFair
Features
Good View:
Patio
View

About this home

Welcome to the secure, gated community of Village Parks in Riverside—known for its well-kept grounds and peaceful atmosphere. This end-unit home features 4 bedrooms, 2 full bathrooms upstairs, and a convenient half bath on the main floor for guests. The entry opens into a bright, comfortable living area that flows into a functional kitchen complete with granite countertops, a walk-in pantry, breakfast bar, and a spacious dining area. The first floor also includes direct garage access and a side yard entry. Upstairs, you’ll find all four bedrooms, including a primary suite with a private bathroom featuring a granite countertop vanity, tile flooring, and a generous closet. Three additional bedrooms, a full bathroom, and a separate laundry room round out the upper level. Enjoy your own private courtyard—perfect for weekend BBQs or relaxing outdoors. As an end unit, this home offers extra privacy and is located close to guest parking for added convenience. Village Parks is a clean, quiet, and safe community, with a beautifully maintained park and playground just a short walk from your door. VERY Low HOA! HOA includes water, trash, and sewer! Ideally located near California Baptist University, local parks, shopping, dining, and with quick access to the 91 freeway, this home is a smart choice in a great Riverside location. SELLERS NEED TO MOVE, SUBMIT YOUR BEST OFFER!

Nearby schools

5/10
Hawthorne Elementary School
Public,•PK-6•0.8mi
4/10
Liberty Elementary School
Public,•PK-6•1.7mi
3/10
Chemawa Middle School
Public,•7-8•0.9mi
5/10
Arlington High School
Public,•9-12•0.8mi
Condition Rating
Fair
Built in 2000, this property is 24 years old. While well-maintained and move-in ready, the kitchen features dark cabinets and white square tile flooring that appear dated, despite the granite countertops. The primary bathroom has a granite vanity and tile, but no images are provided for a full assessment. Carpets in bedrooms and the overall aesthetic suggest the home has not undergone extensive modern renovations in the last 15-20 years. The lack of a specific mention of a central cooling system is also a factor. It is functional and clean but shows signs of being outdated and would benefit from cosmetic updates.
Pros & Cons

Pros

Community & HOA Value: Secure, gated community (Village Parks) with well-maintained grounds, park, and playground. Exceptionally low HOA ($175) includes water, trash, and sewer, offering significant value.
Strategic Location: Excellent accessibility to the 91 freeway, close proximity to California Baptist University, local parks, shopping, and dining. Supported by highly-rated nearby schools.
End-Unit Advantages: Enhanced privacy, increased natural light, and convenient access to guest parking due to its end-unit position. Features a private courtyard ideal for outdoor enjoyment.
Functional & Modern Interior: Well-designed 4-bedroom, 2.5-bathroom layout with a separate upstairs laundry room. Kitchen boasts granite countertops, a walk-in pantry, and a breakfast bar.
Desirable Features & Condition: Built in 2000, offering a relatively modern construction. The primary suite includes a private bathroom with granite vanity and a generous closet.

Cons

Lack of Cooling System Mention: The property description does not specify the presence of a central air conditioning system, which could be a significant concern for comfort during warmer months in Riverside.
Attached Home Characteristics: Despite being listed as a Single Family Residence, its 'end-unit' nature within a gated community implies shared walls and a smaller private lot (4356 sqft), offering less autonomy and space than a traditional detached home.
Recent Price Adjustment: A notable price reduction from $589,000 to $549,999 suggests potential initial overpricing or a longer time on market, which might indicate buyer resistance at previous price points.

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