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1662 Palermo, Riverside, California 92507, Riverside, 92507 - 3 bed, 3 bath

1662 Palermo, Riverside, California 92507 home-pic-0
ACTIVE$549,999
1662 Palermo, Riverside, California 92507
3Beds
3Baths
1,657Sqft
4,356Lot
Year Built
2007
Close
-
List price
$550K
Original List price
$550K
Price/Sqft
$332
HOA
$200
Days on market
-
Sold On
-
MLS number
WS25271554
Home ConditionGood
Features
View-

About this home

Possibly Over-Priced:The estimated price is 6% below the list price. We found 4 Cons,5 Pros. Rank: price - $550.0K(15th), sqft - 1657(40th), beds - 3(50th), baths - 3(63th).

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
12/05/25
Listing
$549,999
08/29/16
Sold
$632,000
10/25/11
Sold
$182,000
03/29/07
Sold
$738,000
Condition Rating
Good
Built in 2007, this property is 17 years old, placing it within the 'Good' category for its age. The images show a well-maintained home with good quality flooring (hardwood/laminate in living areas, carpet in bedrooms) and neutral paint. The bathroom, while clean and functional, features original-style oak cabinetry and standard white tile, indicating it has not undergone a recent renovation. The absence of kitchen images prevents a full assessment of that key area, but assuming it aligns with the bathroom's condition, the property is move-in ready with functional systems and minimal wear and tear, consistent with a well-maintained home of its age.
Pros & Cons

Pros

Exceptional Location & Commuter Access: The property boasts a prime location less than 5 minutes from UCR and downtown Riverside, with easy access to major freeways (60, 91, and 215), offering significant convenience for residents and commuters.
Modern Community & Desirable Lot: Built in 2007, this home is part of a tree-lined newer community and benefits from being a corner lot, which typically provides more privacy and curb appeal.
Functional Interior Layout: The interior features a welcoming front porch, a good-sized living room, a well-lit kitchen with a dedicated dining area, and a versatile bonus room converted from part of the family room.
Well-Appointed Master Suite & Convenient Laundry: The master suite offers desirable amenities including a dual vanity, a large walk-in closet, and a separate shower and tub. All bedrooms are upstairs, along with a conveniently located laundry room.
Generous & Productive Backyard: The property features a larger backyard compared to most units in the community, uniquely cultivated into a 'petite farmland' with various fruit trees and vegetables, appealing to gardening enthusiasts. Front yard maintenance is handled by the HOA.

Cons

MLS Listing Discrepancy: Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
HOA Fees: A monthly association fee of $200 adds to the overall cost of homeownership, which potential buyers will need to factor into their budget.
Lack of Scenic Views: The property description explicitly states 'view: None,' indicating an absence of desirable scenic vistas, which might be a drawback for buyers prioritizing views.
Niche Backyard Appeal: While unique, the backyard's 'petite farmland' setup may not appeal to all buyers, particularly those who prefer a traditional, low-maintenance, or professionally landscaped outdoor space.

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