12564 Bougainvillea Way, Riverside, California 92503, Riverside, 92503 - 6 bed, 4 bath
ACTIVE$888,000
12564 Bougainvillea Way, Riverside, California 92503
6Beds
4Baths
3,464Sqft
10,019Lot
Price Vs. Estimate
The estimated value ($869,122.83) is $18,877.17 (2%) lower than the list price ($888,000). This property may be overpriced.
Key pros and cons
Top Pros:
Exceptional Space & Layout: With 3,464 sq ft, 7 bedrooms, and 3.5 bathrooms, this property offers extensive living space ideal for large families, multi-generational living, or those needing ample room.
Top Cons:
Significant Price Reductions: Multiple price drops from the original $980,000 to $888,000 suggest potential market resistance or initial overpricing, which might raise buyer concerns about value.
Compared to the nearby listings
Price:$888.0K vs avg $670.0K (+$218,000)80%
Size:3,464 sqft vs avg 1,695 sqft84%
Price/sqft:$256 vs avg $3837%
More Insights
Built in 2001 (24 years old).
Condition: Built in 2001, this property is 23 years old. While well-maintained and functional, the kitchen features original-style wooden cabinets, white laminate countertops, and a mix of stainless and white appliances, indicating an outdated aesthetic. Bathrooms show some minor updates (like tile in one), but vanities and fixtures are generally consistent with the build era. Flooring is a mix of older-style tile and carpet, with some hardwood. The property is clean and livable but requires cosmetic updates to meet current quality and style standards.
Year Built
2001
Close
-
List price
$888K
Original List price
$980K
Price/Sqft
$256
HOA
$187
Days on market
-
Sold On
-
MLS number
TR25147228
Home ConditionFair
Features
Good View: Mountain(s)
Patio
ViewMountain(s)
About this home
Welcome to 12564 Bougainvillea Way Riverside 92503, VICTORIA GROVE a neat HOA Community, conveniently located 3 miles south of 91 Freeway exit off La Sierra offering additional peace of mind for the GATE. There is too much to see in and around the neighborhood (Victoria Grove has. Pool, Spa/Hot Tub, Picnic Area, Playground, Biking Trails, Gym/Ex Room, Recreation Room). The House has a three car garage is 3,464 Sq Ft, 7 Bedrooms 3.5 bathrooms, laundry room in first floor. There is an independent Suite entrance from the street (2 bedroom and bathroom for multi use) ***Ask Agent for Gate Code***
Nearby schools
7/10
Lake Mathews Elementary School
Public,•K-6•0.2mi
7/10
Frank Augustus Miller Middle School
Public,•7-8•5.5mi
5/10
Arlington High School
Public,•9-12•3.6mi
Condition Rating
Fair
Built in 2001, this property is 23 years old. While well-maintained and functional, the kitchen features original-style wooden cabinets, white laminate countertops, and a mix of stainless and white appliances, indicating an outdated aesthetic. Bathrooms show some minor updates (like tile in one), but vanities and fixtures are generally consistent with the build era. Flooring is a mix of older-style tile and carpet, with some hardwood. The property is clean and livable but requires cosmetic updates to meet current quality and style standards.
Pros & Cons
Pros
Exceptional Space & Layout: With 3,464 sq ft, 7 bedrooms, and 3.5 bathrooms, this property offers extensive living space ideal for large families, multi-generational living, or those needing ample room.
Premium Community Amenities: Located in the Victoria Grove HOA, residents benefit from a pool, spa/hot tub, picnic area, playground, biking trails, gym/ex room, and recreation room, enhancing lifestyle and property value.
Versatile Independent Suite: The property features an independent 2-bedroom, 1-bathroom suite with its own street entrance, offering excellent potential for rental income, guest quarters, or a dedicated home office.
Gated Community Security: Being part of a gated community provides enhanced security and peace of mind, a highly desirable feature for many prospective buyers.
Three-Car Garage & Mountain Views: A spacious three-car garage offers ample parking and storage, complemented by desirable mountain views that add to the property's aesthetic appeal.
Cons
Significant Price Reductions: Multiple price drops from the original $980,000 to $888,000 suggest potential market resistance or initial overpricing, which might raise buyer concerns about value.
Ongoing HOA Fees: The $187 monthly HOA fee, while providing access to amenities, is a recurring cost that adds to the overall housing expense and could deter some budget-conscious buyers.
Average High School Rating: The assigned high school (Arlington High) has a rating of 5, which may be a concern for families prioritizing top-tier educational institutions.