1662 Palermo Drive, Riverside, California 92507, Riverside, - bed, bath

home-pic
ACTIVE$575,000
1662 Palermo Drive, Riverside, California 92507
3Beds
3Baths
1,657Sqft
4,356Lot
Year Built
2007
Close
-
List price
$575K
Original List price
$585K
Price/Sqft
-
HOA
$200
Days on market
-
Sold On
-
MLS number
WS25158093
Home ConditionFair
Features
View-

About this home

Come to check out this corner lot property at a tree lined newer community at 92507. It has a welcoming front porch. When you open the front door, it is a good size living room. Part of the family room is converted into a bonus room. Still you have a nice area for dining by the side of the well lit kitchen. All the other 3 bedrooms are located upstairs along with the laundry room for your convenience. The master suit has a dual vanity, large walk-in closet, and a separate shower and tub. It has a larger backyard than most of the units in the same community. Home owner turns it into a petite farmland, apples, lemon, dragon fruit, jujube, guava, corn, chili, tomatoes.... . HOA takes care of front yard maintenance. Conveniently located less than 5 mins from UCR and downtown Riverside. Easy access to the 60, 91, and 215 freeways.

Price History

Date
Event
Price
08/09/25
Price Change
$575,000
07/14/25
Listing
$585,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (125 Listings)
Beds34
48%
Baths32
61%
Square foot1,6571,732
43%
Lot Size4,3567,880
5%
Price$575K$650K
24%
Price per square foot$347$365
43%
Built year20079920993
64%
HOA$200
0%
Days on market114173
18%
Condition Rating
Fair

Built in 2007, this property is 17 years old and appears well-maintained overall. However, the master bathroom features carpet, which is an outdated and undesirable material for a wet area, indicating a need for immediate minor updates. While the rest of the home appears functional and clean with hardwood/laminate flooring in living areas, the unseen kitchen and visible bathroom styles are likely original to the 2007 build, suggesting they are functional but show signs of being outdated rather than modern. This places the property in the 'Fair' category, as it requires minor updates to meet current buyer expectations, particularly in the bathroom.
Pros & Cons

Pros

Strategic Location & Accessibility: Conveniently located less than 5 minutes from UCR and downtown Riverside, with easy access to major freeways (60, 91, 215), making it ideal for commuters and those seeking urban amenities.
Desirable Community & Curb Appeal: Situated on a corner lot within a tree-lined newer community, featuring a welcoming front porch and HOA-maintained front yard, enhancing the property's aesthetic appeal and reducing homeowner burden.
Flexible Interior Layout: The interior boasts a good-sized living room and a family room partially converted into a versatile bonus room, offering adaptable space for various needs, along with an upstairs laundry room for convenience.
Well-Appointed Master Suite: The master suite provides desirable features including a dual vanity, a large walk-in closet, and a separate shower and tub, offering a comfortable and private retreat.
Unique & Larger Backyard: The property features a larger backyard compared to most in the community, uniquely cultivated by the homeowner into a 'petite farmland' with various fruit trees and vegetables, appealing to gardening enthusiasts and offering fresh produce.

Cons

Monthly HOA Fees: The $200 monthly association fee adds a recurring cost to homeownership, which may be a consideration for budget-conscious buyers.
Lack of Scenic Views: The property description explicitly states 'view: None,' indicating an absence of desirable scenic or panoramic views, which some buyers may prioritize.
Recent Price Reduction: The property has seen a recent price reduction from $585,000 to $575,000, which could suggest an initial overpricing or a need to stimulate buyer interest, potentially raising questions about its market value.

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