4349 Salerno Drive, Riverside, California 92503, Riverside, 92503 - 3 bed, 2 bath

4349 Salerno Drive, Riverside, California 92503 home-pic-0
ACTIVE$749,999
4349 Salerno Drive, Riverside, California 92503
3Beds
2Baths
1,240Sqft
12,197Lot
Year Built
1957
Close
-
List price
$750K
Original List price
$750K
Price/Sqft
$605
HOA
-
Days on market
-
Sold On
-
MLS number
PW25135670
Home ConditionGood
Features
Pool
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 47% below the list price. We found 3 Cons,6 Pros. Rank: price - $750.0K(65th), sqft - 1240(24th), beds - 3(40th), baths - 2(50th).

Welcome to this inviting 3-bedroom, 2-bathroom home nestled on a massive 12,000+ sq ft pie-shaped lot in one of Riverside’s most attractive neighborhoods. With wide, well-kept streets and pride of ownership throughout the community, this property offers a rare combination of space, potential, and charm. Step inside to discover a smart and semi-open layout anchored by a striking central fireplace, creating a warm focal point between the living and dining areas. The kitchen was tastefully remodeled just three years ago and flows seamlessly into the common areas, making entertaining a breeze. The primary bedroom includes French doors that open to your dream backyard, creating a true indoor-outdoor experience. Outside, the possibilities are endless. The sprawling backyard features a sparkling pool, an open patio perfect for BBQs, and a large storage shed. The oversized driveway fits up to four vehicles, and a side access gate allows for additional parking or storage—ideal for work trucks, toys, or equipment. And here’s the kicker: this home comes with a city-approved and permitted ADU (Accessory Dwelling Unit) conversion in progress! The garage is in the framing and electrical rough-in stage and will become a 1-bedroom, 450 sq ft unit with a separate entrance—perfect for extended family, rental income, or a private home office. Plans and sketches are available to transfer to the next owner, offering built-in equity and future potential. This is a truly special opportunity—a great home on an incredible lot with room to grow.

Condition Rating
Good

The property, built in 1957, has undergone significant and recent cosmetic renovations, particularly in key areas. The kitchen was tastefully remodeled just three years ago with modern white shaker cabinets, light countertops, stainless steel appliances, and recessed lighting, making it appear virtually new. The bathrooms also show recent updates with modern vanities, fixtures, and tiling. The common areas feature new wood-look laminate/vinyl plank flooring, and bedrooms have clean carpets and modern ceiling fans. The exterior, including the pool, appears well-maintained. While these updates make the home move-in ready with minimal wear and tear in visible areas, the property's age (67 years) and the lack of explicit mention of a full renovation of major underlying systems (like HVAC, electrical, or plumbing) prevent it from reaching an 'Excellent' score. The ADU is still in progress, adding future potential but not contributing to the current finished condition score.
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 = 12197, living area = 1240.
ADU Potential/In-Progress: The property includes a city-approved and permitted ADU conversion in progress (framing and electrical rough-in stage), offering significant potential for rental income, extended family living, or a private home office, and built-in equity.
Massive Lot Size & Outdoor Amenities: Situated on a massive 12,000+ sq ft pie-shaped lot, the property boasts a sprawling backyard with a sparkling pool, an open patio perfect for entertaining, and a large storage shed, providing exceptional outdoor living space.
Desirable Neighborhood: Located in one of Riverside’s attractive neighborhoods, characterized by wide, well-kept streets and evident pride of ownership, contributing to a stable and appealing community environment.
Recently Remodeled Kitchen: The kitchen was tastefully remodeled just three years ago, featuring a modern design that flows seamlessly into the common areas, enhancing the home's aesthetic and functionality.
Ample Parking & RV Access: An oversized driveway accommodates up to four vehicles, and a side access gate provides additional parking or storage, ideal for work trucks, recreational vehicles, or equipment.

Cons

Significant Price Discrepancy: The current listing price of $749,999 is substantially higher than the estimated property value of $391,792.03 and recent comparable sales, suggesting it may be significantly overpriced for the market.
Smaller Interior Square Footage: With 1240 sqft of living space for a 3-bedroom home, the interior is relatively modest, especially when compared to the expansive lot size and the high asking price.
Potential for Older Systems/Lack of Modern Amenities: Built in 1957, the property's core systems (e.g., plumbing, electrical) may be original or require updates, and the description does not mention central air conditioning, which could be a drawback in warmer climates.

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