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440 Elsmere Drive, Riverside, CA 92506

$599K4bd · 3ba · 2,188 sqft
Lot 1,530 sqft•HOA $400/mo•Townhouse•
Active
•42d on market•MLS# IV-26192582

Property Description

Tucked into one of Riverside’s most desirable pockets, between Canyon Crest, Alessandro Heights and Hillcrest, this spacious four-bedroom, 2.5-bath townhome offers nearly 2,200 square feet of beautifully maintained living space—and an exceptional opportunity to enjoy this coveted area at a remarkable value. Lovingly cared for by longtime art collectors, the home has a distinctive sense of character and warmth, with thoughtful finishes and beautifully remodeled, high-end bathrooms. The generous floor plan feels more like a single-family home, with spacious living areas and a large main-level bedroom currently configured as an office, along with a convenient powder room. Upstairs, the exceptionally spacious primary suite is a true retreat, featuring a dramatic vaulted ceiling and a beautifully remodeled en-suite bath with dual sinks, a soaking tub and separate walk-in shower. The home also features a newer HVAC system, water softener and an installed stair lift, providing an added accessibility feature for those with mobility considerations. Step outside to your private rear patio, where mature specimen eucalyptus and pepper trees create a peaceful backdrop, beautiful views and a wonderful sense of privacy. Best of all, enjoy an exceptionally low-maintenance lifestyle, with landscaping and the building exterior maintained by the HOA. The private community also offers a pool and spa and is ideally located near highly regarded schools, Canyon Crest Towne Centre, Mission Grove Shopping Center, dining, shopping and everyday conveniences. With homes of comparable size in the surrounding neighborhoods often commanding significantly higher prices, 440 Ellesmere Drive offers a rare combination of space, location, comfort and value in one of Riverside’s most sought-after areas.

Features & Amenities

FeeBuilt 1978

Property Details

Land Type
Fee
Year Built
1978
Property Type
Residential
Property Subtype
Townhouse
Parking Spaces
2
Garage Spaces
2
Heating
Central
Cooling
Central Air
View
Mountain(s)
Flooring
Carpet, Tile
City
Riverside
Zip Code
92506
County
Riverside
Listed byUnknown Office, CRYSTAL COLEMAN

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$3,028.87
Principal & Interest
Loan Amount
$479,200
Total Interest
$611,193
Total Payment Over 30 Years
$1,090,393
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

Residential Tier · 5 active · 5 closed

440 Elsmere Drive, Riverside, CA 92506

Riverside · Townhouse

$599K
Residential Tier
Beds
4
Baths
3
Sqft
2,188
Lot
1,530 sqft
Year
1978
$/Sqft
$274
Pool: Yes✓
Spa: Yes✓
View: mountain✓
Garage: 2-car✓

Listed 7.2% above the median closed sale of $559,000. Price per sqft ($274) is a 13% discount to closed comps ($316).

Price Position

Positioned above the market — commands a premium.

Premium
Subject listed at $599K· $274/sqft
Total list price
Closed comps
vs closed median $559K
+$40K (+7.2%)
Active comps
vs active median $580K
+$19K (+3.3%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $340
−$66 (−19.5%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
9549 Hannah WayRiverside2026441,6720$359$599,9907575
9550 Hannah WayRiverside2026441,6720$347$579,9907575
9534 Hannah WayRiverside2026441,6720$329$549,99013774
2252 El CapitanRiverside1972331,7890$313$559,9002873
3157 Teralina CircleRiverside2026331,6410$353$579,9907965
Total: 5 · Average3.63.61,689.20$340.2$573,97278.8
Median1,672$579,990

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
2260 El CapitanRiverside197206/26/2026432,0040$559,000$559,000$2791.007978
9540 Hannah WayRiverside202608/31/2026441,6720$604,990$590,000$3530.979575
9561 Hannah WayRiverside202608/28/2026441,6720$549,990$540,000$3230.983075
2250 El CapitanRiverside197206/29/2026331,9930$549,000$550,000$2761.007675
9531 Hannah WayRiverside202607/31/2026441,6720$599,990$585,000$3500.9714175
Total: 5 · Average3.83.61,802.60$564,800$564,800$316.2—84.2
Median1,672$559,000$559,000

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.