4967 Chapala Drive, Riverside, California 92507, Riverside, 92507 - 3 bed, 2 bath
ACTIVE$760,000
4967 Chapala Drive, Riverside, California 92507
3Beds
2Baths
1,634Sqft
10,890Lot
Price Vs. Estimate
The estimated value ($315,117.81) is $444,882.19 (58%) lower than the list price ($760,000). This property may be overpriced.
Key pros and cons
Top 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 = 10890, living area = 1634.
Top Cons:
Significant Price Discrepancy: The listing price of $760,000 is substantially higher than the estimated property value of $315,117.81, which may indicate overpricing or a need for a detailed appraisal to justify the asking price.
Compared to the nearby listings
Price:$760.0K vs avg $652.9K (+$107,065)79%
Size:1,634 sqft vs avg 1,854 sqft38%
Price/sqft:$465 vs avg $36486%
More Insights
Built in 1962 (63 years old).
Condition: Built in 1962, the property's interior, particularly the kitchen and bathrooms, appears to be largely original or last renovated 30-50+ years ago. The kitchen features dated white appliances, old cabinets, and what appears to be laminate or older tile countertops and flooring. Bathrooms also show very dated vanities, fixtures, and tile. While the exterior and pool are well-maintained, the interior requires substantial rehabilitation, including a complete overhaul of the kitchen, bathrooms, and flooring, to meet modern standards. This aligns with the 'poor' condition criteria, indicating a need for significant aesthetic and functional updates, making it very uncomfortable to live in its current state compared to modern expectations, even if structurally sound.
Year Built
1962
Close
-
List price
$760K
Original List price
$760K
Price/Sqft
$465
HOA
-
Days on market
-
Sold On
-
MLS number
CV25002648
Home ConditionPoor
Features
Pool
Patio
ViewNeighborhood
About this home
Welcome to 4967 Chapala Dr! An exquisite POOL home nestled in the prestigious and highly sought-after neighborhood of Canyon Crest. Set on an expansive 10,000+ sq. ft. lot, this 3-bedroom, 2-bathroom residence offers the perfect blend of elegance, comfort, and functionality. The sparkling pool and spacious backyard create an entertainer’s paradise, while the home’s prime location places you just moments away from parks, upscale shopping, fine dining, a premier golf course, and the exclusive Canyon Crest Country Club. With seamless access to major freeways, this property is a commuter’s dream, and its close proximity to the University of California, Riverside, adds to its allure for families and professionals!. Step into a home where sophistication meets convenience—your dream lifestyle awaits!
Condition Rating
Poor
Built in 1962, the property's interior, particularly the kitchen and bathrooms, appears to be largely original or last renovated 30-50+ years ago. The kitchen features dated white appliances, old cabinets, and what appears to be laminate or older tile countertops and flooring. Bathrooms also show very dated vanities, fixtures, and tile. While the exterior and pool are well-maintained, the interior requires substantial rehabilitation, including a complete overhaul of the kitchen, bathrooms, and flooring, to meet modern standards. This aligns with the 'poor' condition criteria, indicating a need for significant aesthetic and functional updates, making it very uncomfortable to live in its current state compared to modern expectations, even if structurally sound.
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 = 10890, living area = 1634.
Prime Location: Nestled in the prestigious and highly sought-after Canyon Crest neighborhood, offering proximity to parks, upscale shopping, fine dining, a premier golf course, and the exclusive Canyon Crest Country Club.
Pool Home & Entertainer's Backyard: Features an exquisite sparkling pool and a spacious 10,890 sq. ft. backyard, creating an ideal setting for entertaining and outdoor living.
Generous Lot Size: Set on an expansive 10,890 sq. ft. lot, providing ample space for privacy, outdoor activities, and potential future enhancements.
Excellent Accessibility: Offers seamless access to major freeways for convenient commuting and is in close proximity to the University of California, Riverside (UCR), appealing to a broad range of buyers.
Desirable Community: Located in Canyon Crest, a well-regarded area known for its quality of life and amenities, enhancing the property's long-term value and appeal.
Cons
Significant Price Discrepancy: The listing price of $760,000 is substantially higher than the estimated property value of $315,117.81, which may indicate overpricing or a need for a detailed appraisal to justify the asking price.
Age of Property & Potential for Updates: Built in 1962, the property's age suggests that while it offers 'elegance, comfort, and functionality,' it may require significant interior updates or renovations to meet modern buyer expectations, especially compared to recently rehabbed comparables.
Lack of Specific Interior Upgrades: The description lacks specific details regarding recent interior renovations (e.g., kitchen, bathrooms, flooring, HVAC, windows), which could imply that these areas may be dated and require investment from a new owner.