5740 Via Cervantes Riverside, CA 92506
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 2,552 sqft
Price per Sqft $325
MLS Listing ID SW26133952
Bedrooms 4
Full Baths 2
Half Baths 1
Construction Status Turnkey
HOA Y/N No
Year Built 1974
Lot Size 0.680 Acres
Property Sub-Type Single Family Residence
Property Description
The seller has already installed new flooring and fresh paint, so the heavy lifting is done. What remains is cosmetic: the ceilings and the finishing touches. That means you choose the final style, you control the budget, and you capture the equity you create. Renovated homes nearby are priced well above this one, which leaves real margin for a buyer who adds value. An appraisal is available, so the numbers are not guesswork.
The oversized lot is the real opportunity. Picture a pool, outdoor entertaining space, RV or toy storage, a workshop, or a possible ADU for added income or extended-stay guests (buyer to verify feasibility and permits with the City of Riverside). Lots like this rarely come with a home this size, and almost never without an HOA. With four bedrooms and 2,552 sq ft, the floorplan gives you room to spread out, work from home, or reconfigure the layout to fit your needs. Start with solid square footage and shape it into exactly what you want. The structure, layout, and lot are the hard parts to find, and they are already here. Financing options exist for buyers who want to roll the updates into one loan. Renovation programs such as FHA 203(k) and Fannie Mae HomeStyle may apply, and cash buyers can move quickly. Ask your lender how a renovation loan could fit this purchase.
The location puts you near UC Riverside, Canyon Crest shopping and dining, and convenient freeway access for commuting around the Inland Empire.
Ideal for a hands-on owner who wants to build sweat equity, or an investor looking for a clear path to margin on a larger lot. Do the math, tour the property, and picture the finished result. Agents, bring your investor and renovation-loan clients. A contractor scope of the remaining cosmetic work and renovated comps are available on request, so your buyer can run the numbers before they walk in. Call today to schedule your private showing. Now Listed below Appraised Value so you are walking into equity! Seller is open to help with buydowns, ask us how!
Location
State CA
County Riverside
Area 252 - Riverside
Interior
Interior Features Eat-in Kitchen, Open Floorplan, Tile Counters, All Bedrooms Up, Primary Suite
Heating Central
Cooling Central Air
Flooring Carpet, Tile
Fireplaces Type Family Room
Inclusions Solar lease to be assumed by buyer
Fireplace Yes
Appliance Electric Range, Microwave, Water Heater
Laundry Washer Hookup, Electric Dryer Hookup, In Garage
Exterior
Parking Features Driveway, Garage Faces Front, Garage, Paved
Garage Spaces 2.0
Garage Description 2.0
Fence Wood, Wrought Iron
Pool None
Community Features Foothills, Mountainous, Ravine
Utilities Available Sewer Connected, Water Connected
View Y/N Yes
View Hills, Mountain(s), Neighborhood
Roof Type Tile
Porch Rear Porch, Front Porch, Open, Patio
Total Parking Spaces 6
Private Pool No
Building
Dwelling Type House
Story 2
Entry Level Two
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style Mediterranean
Level or Stories Two
New Construction No
Construction Status Turnkey
Schools
School District Riverside Unified
Others
Senior Community No
Tax ID 253293015
Security Features Carbon Monoxide Detector(s),Smoke Detector(s)
Acceptable Financing Cash, Cash to New Loan, Conventional, FHA, Fannie Mae, Freddie Mac, Government Loan, VA Loan
Listing Terms Cash, Cash to New Loan, Conventional, FHA, Fannie Mae, Freddie Mac, Government Loan, VA Loan
Special Listing Condition Standard
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