8461 Colorado, Riverside, CA 92504
8461 Colorado, Riverside, CA 92504
Property Description
Welcome to 8461 Colorado Avenue, a beautifully maintained corner-lot home located in one of Riverside's established and family-friendly neighborhoods. Situated directly across the street from Adams Elementary School, this property offers the perfect blend of comfort, convenience, and long-term value. This spacious residence features two Primary Bedrooms, making it an excellent option for multi-generational living, extended family, guests, or anyone seeking additional privacy and flexibility. The home is equipped with central air conditioning and heating for year-round comfort, along with a solar power system designed to help reduce utility costs and improve energy efficiency. The desirable corner lot provides added privacy, enhanced curb appeal, RV Parking, and additional outdoor space for entertaining, gardening, or future possibilities. Located in a well-established neighborhood known for its mature trees and pride of ownership, residents enjoy convenient access to shopping, dining, parks, schools, and major commuter routes including the 91 Freeway. Whether you're a first-time buyer, growing family, or someone looking for a home that accommodates multiple generations under one roof, this property delivers exceptional value in today's market. Enjoy the benefits of an established Riverside community with larger lots, a strong sense of neighborhood, and easy access to everything the Inland Empire has to offer.
Features & Amenities
Property Details
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Comparative Market Analysis
Affordable Tier · 5 active · 5 closed
Riverside · Single Family Residence
Listed 7.0% above the median closed sale of $640,000. Price per sqft ($497) is a 13% premium to closed comps ($440). Closed comps sold at 101% of list — strong seller's market.
Price Position
Positioned above the market — commands a premium.
Active Properties (5)
Active Comparables
| Address | City | Year | BD | BTH | SqFt | LotSz | LP/SqFt | LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|
| 8723 Larkin Court | Riverside | 1962 | 4 | 3 | 1,349 | 7,405 | $504 | $679,990 | 92 | 83 |
| 3292 Debbie Lane | Riverside | 1960 | 4 | 2 | 1,404 | 7,405 | $377 | $529,999 | 1 | 81 |
| 6754 Palm Avenue | Riverside | 1945 | 4 | 2 | 1,450 | 7,405 | $448 | $649,500 | 27 | 79 |
| 7235 Fiesta Avenue | Riverside | 1971 | 4 | 2 | 1,215 | 6,970 | $519 | $630,000 | 80 | 78 |
| 11231 Campbell | Riverside | 1966 | 4 | 2 | 1,236 | 8,276 | $518 | $639,800 | 10 | 78 |
| Total: 5 · Average | 4.0 | 2.2 | 1,330.8 | 7,492.2 | $473.2 | $625,857.8 | 42 | |||
| Median | 1,349 | $639,800 | ||||||||
Closed Properties (5)
Closed Comparables
| Address | City | Year | Date | BD | BTH | SqFt | LotSz | LP | SP | SP/SqFt | SP/LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 8718 Quailbush | Riverside | 1989 | 09/29/2026 | 5 | 2 | 1,525 | 6,970 | $725,000 | $720,000 | $472 | 0.99 | 42 | 90 |
| 6108 Rayann Court | Riverside | 1991 | 10/09/2026 | 4 | 3 | 1,550 | 7,841 | $618,000 | $625,000 | $403 | 1.01 | 65 | 88 |
| 2877 Sulky Court | Riverside | 1976 | 10/08/2026 | 4 | 2 | 1,403 | 7,405 | $599,000 | $599,000 | $427 | 1.00 | 30 | 85 |
| 10415 Charleston | Riverside | 1977 | 09/15/2026 | 4 | 2 | 1,404 | 7,405 | $599,000 | $640,000 | $456 | 1.07 | 47 | 85 |
| 2972 Westchester Drive | Riverside | 1975 | 10/02/2026 | 5 | 2 | 1,576 | 8,276 | $698,000 | $698,000 | $443 | 1.00 | 86 | 84 |
| Total: 5 · Average | 4.4 | 2.2 | 1,491.6 | 7,579.4 | $656,400 | $656,400 | $440.2 | — | 54 | ||||
| Median | 1,525 | $640,000 | $640,000 | ||||||||||
Market Analysis
List vs Sale $/SqFt
Sale Price Trend
Days on Market
Sale vs List Price
This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.