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2942 Summerfield, Riverside, CA 92503

$610K4bd · 2ba · 1,753 sqft
Lot 7,405 sqft•Single Family Residence•
Active
•18d on market•MLS# IV-26223729

Property Description

An opportunity to make a home your own in Riverside's La Sierra neighborhood! Welcome to 2942 Summerfield Lane, a 4-bedroom, 2-bathroom home offering approximately 1,753 square feet of living space, situated on a cul-de-sac in an established Riverside neighborhood. If you've been searching for a property where you can bring your own style, ideas, and vision to life, this could be the opportunity you've been waiting for. With room for updates and renovations, this home offers a blank canvas to create a space that reflects your personal taste. One of the property's standout features is its location. Situated in the La Sierra area of Riverside, you'll enjoy convenient access to nearby schools, shopping, dining, and major transportation routes. The Galleria at Tyler, Metrolink station, and freeway access are all within the surrounding area, making everyday errands and commuting more convenient. And another great benefit? No HOA! Whether you're looking for a home to personalize over time or a property with renovation potential, 2942 Summerfield Lane offers an opportunity worth exploring. Schedule your private showing and come see the possibilities for yourself.

Features & Amenities

FeeBuilt 1973

Property Details

Land Type
Fee
Year Built
1973
Property Type
Residential
Property Subtype
Single Family Residence
Parking Spaces
2
Garage Spaces
2
Heating
Central
Cooling
Central Air
View
Mountain(s)
Flooring
Vinyl, Carpet, Tile
Roof
Shingle
City
Riverside
Zip Code
92503
County
Riverside
Listed byEXP REALTY OF CALIFORNIA INC, HEATHER JONES

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$3,084.49
Principal & Interest
Loan Amount
$487,999
Total Interest
$622,416
Total Payment Over 30 Years
$1,110,415
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

2942 Summerfield, Riverside, CA 92503

Riverside · Single Family Residence

$610K
Residential Tier
Beds
4
Baths
2
Sqft
1,753
Lot
7,405 sqft
Year
1973
$/Sqft
$348
Pool: No✓
Spa: No✓
View: mountain✓
Garage: 2-car✓

Listed 7.6% below the median closed sale of $660,000. Price per sqft ($348) is a 24% discount to closed comps ($455). Closed comps sold at 101% of list — strong seller's market.

Price Position

Priced below the market — value advantage over the field.

Price advantage
Subject listed at $610K· $348/sqft
Total list price
Closed comps
vs closed median $660K
−$50K (−7.6%)
Active comps
vs active median $680K
−$70K (−10.3%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $406
−$58 (−14.2%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
11549 Inglewood CourtRiverside1978421,6456,970$425$699,0002583
3748 SkylarkRiverside1956331,7958,276$359$645,0007180
10063 GlenbrookRiverside1964321,8337,841$349$639,9991877
3935 Burge StreetRiverside1972521,6537,841$420$695,0006576
10760 Starlight CourtRiverside1963321,4287,405$476$680,0006674
Total: 5 · Average3.62.21,670.87,666.6$405.8$671,799.849
Median1,653$680,000

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
10988 MiddleboroughRiverside197805/21/2026421,5057,405$620,000$600,000$3990.976385
3065 McHarg RoadRiverside197812/15/2025421,5707,841$649,900$660,000$4201.022779
2835 CapricornRiverside198507/17/2026421,30410,019$678,000$700,000$5371.033276
3071 WicklowRiverside198512/15/2025331,4317,405$695,000$685,000$4790.994075
11383 MillardRiverside197802/25/2026321,4007,405$599,000$615,000$4391.033274
Total: 5 · Average3.62.21,4428,015$652,000$652,000$454.8—38.8
Median1,431$660,000$660,000

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.