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5740 Via Cervantes, Riverside, CA 92506

$830K4bd · 3ba · 2,552 sqft
Lot 29,621 sqft•Single Family Residence•
Active
•5d on market•MLS# SW-26133952

Property Description

Rare 0.68-acre lot in Canyon Crest, no HOA, with new flooring and fresh paint already done. This 4-bedroom, 2.5-bath home offers 2,552 sq ft of living space on land that is hard to find in Riverside at this price. Space, location, and upside are all here. The only thing missing is your vision. 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!

Features & Amenities

FeeBuilt 1974

Property Details

Land Type
Fee
Year Built
1974
Property Type
Residential
Property Subtype
Single Family Residence
Parking Spaces
6
Garage Spaces
2
Heating
Central
Cooling
Central Air
View
Hills, Mountain(s)
Flooring
Carpet, Tile
Roof
Tile
City
Riverside
Zip Code
92506
County
Riverside
Listed byUnknown Office, Tiffany Williams

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$4,196.93
Principal & Interest
Loan Amount
$663,999
Total Interest
$846,894
Total Payment Over 30 Years
$1,510,893
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

5740 Via Cervantes, Riverside, CA 92506

Riverside · Single Family Residence

$830K
Residential Tier
Beds
4
Baths
3
Sqft
2,552
Lot
29,621 sqft
Year
1974
$/Sqft
$325
Pool: No✓
Spa: No✓
View: mountain✓
Garage: 2-car✓

Listed in line with the median closed sale of $820,000.

Price Position

Aligned with the market — fair pricing for the comps.

At market
Subject listed at $830K· $325/sqft
Total list price
Closed comps
vs closed median $820K
+$10K (+1.2%)
Active comps
vs active median $799K
+$31K (+3.9%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $374
−$49 (−13.1%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
16972 Mockingbird CanyonRiverside1977532,20031,363$363$799,0004777
3318 CelesteRiverside1962442,23410,454$325$725,0009576
18570 Halter LaneRiverside1979432,209108,029$475$1.05M13874
18289 NorthstarRiverside1980422,18067,518$390$850,0005972
7221 Bliss StreetRiverside2026432,2443,078$316$709,19416871
Total: 5 · Average4.23.02,213.444,088.4$373.8$826,638.8101.4
Median2,209$799,000

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
11321 Breithorn CourtRiverside199109/25/2026422,18621,344$929,900$915,000$4190.986484
352 Leafwood CourtRiverside199109/18/2026532,61113,504$699,000$710,000$2721.029179
5738 Sacra WayRiverside201609/18/2026432,2093,049$679,000$700,000$3171.034877
1125 PamplonaRiverside200209/29/2026432,90024,829$924,900$885,000$3050.968674
16584 CreeksideRiverside198710/07/2026532,62720,038$865,000$820,000$3120.957473
Total: 5 · Average4.42.82,506.616,552.8$806,000$806,000$325—72.6
Median2,611$820,000$820,000

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.