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8853 Dufferin Avenue, Riverside, California 92504, Riverside, 92504 - 7 bed, 6 bath

8853 Dufferin Avenue, Riverside, California 92504 home-pic-0
ACTIVE$2,200,000
8853 Dufferin Avenue, Riverside, California 92504
7Beds
6Baths
5,000Sqft
217,800Lot

Price Vs. Estimate

The estimated value ($1,159,170.425) is $1,040,829.575 (47%) lower than the list price ($2,200,000). This property may be overpriced.

Key pros and cons

Top Pros:
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 = 217800, living area = 5000.
Top Cons:
Extensive Renovation Needed: The home is explicitly described as a 'diamond in the rough' requiring 'TLC,' indicating substantial renovation and modernization costs for the buyer.

Compared to the nearby listings

Price:$2.20M vs avg $630.0K (+$1,570,000)99%
Size:5,000 sqft vs avg 1,594.5 sqft97%
Price/sqft:$440 vs avg $41263%

More Insights

Built in 1982 (43 years old).
Condition: The property was built in 1982, making it over 40 years old. The listing description explicitly states it's a 'diamond in the rough' requiring 'TLC' and 'extensive renovation.' The interior images confirm this, showing severely dated kitchens and bathrooms with original or very old cabinets, laminate/tiled countertops, outdated appliances (white/off-white), old light fixtures (including fluorescent), and worn carpets throughout. While the structure appears sound from the exterior, the interior finishes, systems, and aesthetics are significantly outdated and require substantial modernization and capital expenditure to meet current standards. This aligns with the 'poor' condition criteria of requiring substantial repairs and rehabilitation, with major components showing signs of being outdated and needing extensive system replacements.
Year Built
1982
Close
-
List price
$2.2M
Original List price
$2.4M
Price/Sqft
$440
HOA
-
Days on market
-
Sold On
-
MLS number
IV25080625
Home ConditionPoor
Features
Good View: City Lights, Park/Greenbelt, Mountain(s)
ViewCity Lights,Park/Greenbelt,Mountain(s)

About this home

Diamond in the Rough-Rare 5-Acre Opportunity in Riverside's Coveted Greenbelt. Nestled in the heart of Riverside's scenic Greenbelt area, this unique 5 Acre flat corner lot is a rare find, surrounded on three sides by lush orange groves and state-owned parkland-offering the ultimate in privacy, tranquility, and natural beauty. This property is a dream for those seeking space and versatility. Zoned RA ideal for nursery use, agriculture, or equestrian living, it's ideal for creating your very own ranch, hobby farm, or serene retreat. Gage Canal water rights are included, a valuable asset for agricultural use. At the property sits a sprawling ranch-style home featuring 7 bedrooms and 6 bathrooms, perfect for multigenerational living, rental potential, or large families. While the home needs some TLC, it's a true diamond in the rough-full of potential and ready for your personal touch. With its unbeatable location, expansive land, and endless possibilities, this property is an opportunity you won't want to miss. Let your imagination run wild and make this your own piece of paradise in Riverside!

Condition Rating
Poor
The property was built in 1982, making it over 40 years old. The listing description explicitly states it's a 'diamond in the rough' requiring 'TLC' and 'extensive renovation.' The interior images confirm this, showing severely dated kitchens and bathrooms with original or very old cabinets, laminate/tiled countertops, outdated appliances (white/off-white), old light fixtures (including fluorescent), and worn carpets throughout. While the structure appears sound from the exterior, the interior finishes, systems, and aesthetics are significantly outdated and require substantial modernization and capital expenditure to meet current standards. This aligns with the 'poor' condition criteria of requiring substantial repairs and rehabilitation, with major components showing signs of being outdated and needing extensive system replacements.
Pros & Cons

Pros

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 = 217800, living area = 5000.
Expansive & Private Acreage: A rare 5-acre flat corner lot offering exceptional privacy, surrounded by natural orange groves and state-owned parkland.
Versatile Zoning & Use: Zoned RA, ideal for diverse uses such as nursery, agriculture, or equestrian living, appealing to a wide range of buyers seeking a hobby farm or serene retreat.
Valuable Water Rights: Includes Gage Canal water rights, a significant and practical asset for any agricultural or extensive landscaping plans on the property.
Large Home with Potential: A sprawling 7-bedroom, 6-bathroom ranch-style home (5000 sqft) offers ample space for multigenerational living, rental income, or large families.
Scenic Greenbelt Location: Prime location within Riverside's coveted Greenbelt area, offering desirable views of city lights, parkland, and mountains, enhancing lifestyle appeal.

Cons

Extensive Renovation Needed: The home is explicitly described as a 'diamond in the rough' requiring 'TLC,' indicating substantial renovation and modernization costs for the buyer.
Potential Overpricing: The listing price of $2.2M is significantly higher than the estimated property value of approximately $1.16M, suggesting a potential overvaluation that may deter buyers or require a price adjustment.
Dated Property Condition: Built in 1982, the property's age implies that many systems, finishes, and overall aesthetics are likely dated and will require significant capital expenditure to update to modern standards.

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