7042 Rainbow Court, Riverside, California 92506, Riverside, - bed, bath
ACTIVE$610,000
7042 Rainbow Court, Riverside, California 92506
3Beds
2Baths
2,034Sqft
6,534Lot
Year Built
1959
Close
-
List price
$610K
Original List price
$635K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
OC25187519
Home ConditionGood
Features
Patio
View-
About this home
This charming single-story home sits on a quiet cul-de-sac and offers 3 bedrooms, 2 baths, and over 2,000 sq. ft. of living space. The floor plan includes both a living and family room, a cozy fireplace, and a remodeled kitchen with breakfast bar, double ovens, and gas cooktop. Recent updates include a remodeled kitchen and bathrooms, newer windows, PEX plumbing, HVAC system, roof, water heater, rain gutters, and interior finishes. A spacious bonus room adds flexibility and could potentially be converted into an ADU. The backyard features a covered patio, mature landscaping, and room to entertain, along with a 2-car carport and storage shed. Conveniently located near the 91 freeway, Riverside Plaza, downtown, RCC, CBU, and Metrolink.
Price History
Date
Event
Price
10/31/25
Price Change
$610,000-1.5%
09/19/25
Price Change
$619,000-2.5%
08/20/25
Listing
$635,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (230 Listings) | |
|---|---|---|---|
| Beds | 3 | 4 | 45% |
| Baths | 2 | 2 | 50% |
| Square foot | 2,034 | 1,923 | 56% |
| Lot Size | 6,534 | 10,454 | 11% |
| Price | $610K | $730K | 24% |
| Price per square foot | $300 | $390 | 7% |
| Built year | 1959 | 1967 | 39% |
| HOA | |||
| Days on market | 78 | 169 | 13% |
Condition Rating
Good
Despite being built in 1959, this property has undergone extensive recent renovations, including a remodeled kitchen and bathrooms, newer windows, PEX plumbing, HVAC system, roof, and water heater. The kitchen features modern white shaker cabinets, dark countertops, a contemporary mosaic backsplash, wood-look tile flooring, and updated black appliances including double ovens and a modern range hood. While some areas like the living room retain older tile flooring and popcorn ceilings, the significant updates to major systems and high-impact areas like the kitchen and bathrooms make the property move-in ready with no immediate renovations required, aligning with a 'Good' condition score.
Pros & Cons
Pros
Extensive Modern Updates: The property boasts significant recent upgrades including a remodeled kitchen and bathrooms, newer windows, PEX plumbing, HVAC system, roof, and water heater, mitigating concerns about its 1959 build year.
Flexible Floor Plan & ADU Potential: With over 2,000 sq. ft., separate living and family rooms, and a spacious bonus room, the layout offers versatility, including the potential for an Accessory Dwelling Unit (ADU).
Prime Cul-de-Sac Location: Situated on a quiet cul-de-sac, the home offers a peaceful setting combined with excellent accessibility to the 91 freeway, Riverside Plaza, downtown, and local colleges.
Updated Kitchen & Bathrooms: The remodeled kitchen features a breakfast bar, double ovens, and gas cooktop, alongside updated bathrooms, providing modern amenities and aesthetic appeal.
Enhanced Outdoor Living: The backyard includes a covered patio and mature landscaping, creating an inviting space for relaxation and entertaining.
Cons
Original Construction Age: Despite extensive renovations, the home's 1959 original construction may still present inherent limitations or require ongoing maintenance typical of older properties.
Carport Parking: The property offers a 2-car carport rather than a fully enclosed garage, which may be a less desirable parking solution for some buyers seeking greater security or enclosed storage.
Recent Price Reductions: The property has undergone multiple price reductions from its original list price, which could indicate initial overpricing or a slower market response, potentially impacting buyer perception.