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2908 Prospect, Riverside, CA 92507

$593K3bd · 2ba · 1,400 sqft
Lot 4,792 sqft•Single Family Residence•
Active
•86d on market•MLS# CV-26063772

Property Description

BUYER OPPORTUNITY! This Property qualifies for up to a 3.5% grant. Welcome to this beautiful corner lot home in the heart of Riverside, offering space, privacy, and incredible potential in a prime location! Step inside to a bright and functional layout featuring a spacious living area with tile flooring and abundant natural light throughout. The open floor plan flows seamlessly into a generously sized dining area and kitchen, complete with ample cabinetry, expansive counter space, and a breakfast bar perfect for everyday living and entertaining. The home features well-sized bedrooms, including a master bedroom with a full bathroom for comfort and convenience, with great natural light and a versatile layout that can easily accommodate families, guests, or a home office. Situated on a desirable corner lot, this property stands out with its gated front access, extended driveway, and spacious 2-car garage, providing ample parking and added security. The property also offers RV access and additional side-yard space, making it ideal for extra vehicles, recreational storage, or future possibilities. The backyard offers mature fruit trees and open space, creating a private outdoor setting with endless potential. Located in a highly convenient area, this home is just minutes from UCR, making it a great opportunity for both homeowners and investors. Enjoy close proximity to Downtown Riverside, shopping centers, parks, schools, dining, and everyday amenities, with easy access to the 91, 60, and 215 freeways, perfect for commuters. Whether you're looking for a primary residence or an investment opportunity in a high-demand location, this home offers space, functionality, and long-term value.

Features & Amenities

FeeBuilt 2006

Property Details

Land Type
Fee
Year Built
2006
Property Type
Residential
Property Subtype
Single Family Residence
Parking Spaces
2
Garage Spaces
2
Heating
Central
Cooling
Central Air
City
Riverside
Zip Code
92507
County
Riverside
Listed byUnknown Office, Faviola Nieves

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$2,998.53
Principal & Interest
Loan Amount
$474,400
Total Interest
$605,071
Total Payment Over 30 Years
$1,079,471
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

Comparative Market Analysis

Affordable Tier · 5 active · 5 closed

2908 Prospect, Riverside, CA 92507

Riverside · Single Family Residence

$593K
Affordable Tier
Beds
3
Baths
2
Sqft
1,400
Lot
4,792 sqft
Year
2006
$/Sqft
$424
Pool: No✓
Garage: 2-car✓

Listed 3.2% below the median closed sale of $612,500. Price per sqft ($424) is a 10% discount to closed comps ($472). Closed comps sold at 100% of list — strong seller's market.

Price Position

Aligned with the market — fair pricing for the comps.

At market
Subject listed at $593K· $424/sqft
Total list price
Closed comps
vs closed median $613K
−$20K (−3.2%)
Active comps
vs active median $610K
−$17K (−2.8%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $493
−$69 (−14.1%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
8673 Northstar DriveRiverside1992321,1394,792$544$619,990589
3271 LavalRiverside2005231,1912,614$378$450,0002481
7073 New MexicoRiverside1978321,1106,098$450$499,0003181
10884 Cypress aveRiverside1959321,1846,969$515$610,0007680
9229 Delano DriveRiverside1977321,1046,534$580$640,0002880
Total: 5 · Average2.82.21,145.65,401.4$493.4$563,79832.8
Median1,139$610,000

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
5824 Thornhill DriveRiverside199109/30/2026321,3456,534$615,000$612,500$4551.004791
19587 TangeloRiverside198809/29/2026321,2568,276$645,000$635,000$5060.985985
8478 WilliamsburgRiverside197810/02/2026321,3407,841$625,000$630,000$4701.012884
2877 Sulky CourtRiverside197610/08/2026421,4037,405$599,000$599,000$4271.003082
3046 MaudeRiverside195410/08/2026321,1416,534$558,500$570,000$5001.025181
Total: 5 · Average3.22.01,2977,318$609,300$609,300$471.6—43
Median1,340$612,500$612,500

Market Analysis

List vs Sale $/SqFt

Sale Price Trend

Days on Market

Sale vs List Price

AI-generated CMA

This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.