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3579 Paine Drive, Riverside, California 92503, Riverside, 92503 - 3 bed, 2 bath

3579 Paine Drive, Riverside, California 92503 home-pic-0
ACTIVE$625,000
3579 Paine Drive, Riverside, California 92503
3Beds
2Baths
1,315Sqft
7,841Lot
Year Built
1983
Close
-
List price
$625K
Original List price
$625K
Price/Sqft
$475
HOA
-
Days on market
-
Sold On
-
MLS number
PW25239885
Home ConditionFair
Features
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 6% below the list price. We found 3 Cons,6 Pros. Rank: price - $625.0K(35th), sqft - 1315(28th), beds - 3(40th), baths - 2(50th).

Charming Corner Lot Riverside Home – Perfect Starter or Investment Opportunity! Welcome to this 3-bedroom, 2-bath single-family home located in the heart of Riverside. With 1,315 square feet of comfortable living space on a generous 7,841 sq. ft. lot, this property offers functionality and potential. Outside, the large backyard provides endless possibilities — whether you’re envisioning a garden, play area, or future expansion. The oversized lot offers space for additional storage, or potential ADU (check with city). Located near schools, parks, shopping, and easy freeway access, this home is ideal for first-time buyers or savvy investors looking for a strong rental opportunity.

Nearby schools

3/10
Allan Orrenmaa Elementary School
Public,•K-5•0.3mi
3/10
Phillip M. Stokoe Elementary School
Public,•PK-5•1.3mi
8/10
Lake Hills Elementary School
Public,•K-5•1.7mi
7/10
Lake Mathews Elementary School
Public,•K-6•2.9mi
6/10
Arizona Middle School
Public,•6-8•1.0mi
5/10
Ysmael Villegas Middle School
Public,•6-8•1.7mi
3/10
Chemawa Middle School
Public,•7-8•3.4mi
7/10
Frank Augustus Miller Middle School
Public,•7-8•7.6mi
6/10
Hillcrest High School
Public,•9-12•0.4mi
5/10
Arlington High School
Public,•9-12•3.2mi

Price History

Date
Event
Price
10/16/25
Listing
$625,000
Condition Rating
Fair
Built in 1983, this property is 41 years old and shows its age through largely original or older components. The kitchen features dated wood cabinets, laminate countertops, and a fluorescent box light, though some appliances appear to be more recent additions. Bathrooms also present with dated vanities and light fixtures. The interior is predominantly covered in old, dated carpet. While functional, the home requires significant cosmetic updates to the kitchen, bathrooms, flooring, and light fixtures to meet current quality standards and buyer expectations.
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 = 7841, living area = 1315.
Generous Corner Lot: The property is situated on a charming corner lot with a generous 7,841 sq. ft. size, offering enhanced privacy, curb appeal, and outdoor space.
ADU Potential: The oversized lot provides ample space for additional storage or the potential to add an Accessory Dwelling Unit (ADU), offering significant future value and income opportunities (subject to city approval).
Convenient Location: Strategically located near schools, parks, shopping centers, and offering easy freeway access, enhancing daily convenience and market desirability.
Broad Market Appeal: Marketed as a 'Perfect Starter or Investment Opportunity,' this home appeals to a wide range of buyers, including first-time homeowners and savvy investors seeking rental income.
Functional Layout: The 3-bedroom, 2-bathroom single-family home with 1,315 sq. ft. of comfortable living space offers a practical and desirable configuration for various household needs.

Cons

Age of Property & Potential for Updates: Built in 1983, the property is over 40 years old. The description does not mention recent major renovations, suggesting potential for outdated systems, finishes, or deferred maintenance that may require future investment.
Proximity to Lower-Rated Elementary School: The closest elementary school, Allan Orrenmaa Elementary, has a rating of 3, which may be a concern for families prioritizing highly-rated local educational institutions.
Absence of Desirable Views: The property explicitly states 'view: None,' indicating a lack of scenic outlooks that could otherwise enhance its market value and overall appeal.

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