ActiveResidential · sale

12789 Mendocino Ridge

Riverside, CA 92503

$1,049,990

  • 6 beds
  • 4 baths
  • 3,699 sq ft
  • 0.19 acres
  • Built 2023

Listed by Nissi Agents · MLS #NP26166017

12789 Mendocino Ridge, Riverside, CA 92503 — photo 1 View full photo
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A FEW THINGS TO NOTICE

What stands out.

Year built

Built in 2023.

Garage parking

3 garage spaces listed.

Property size

0.19 acres listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

Discover this exquisite ASHFORD HOME MODEL by Pulte Homes with the classic Tuscany Elevation nestled in the desirable Highland Grove GATED community This less than 3year old beautifully upgraded residence boasts an impressive 3699 square feet complete with 6 spacious bedrooms and 4 spacious bathrooms all bathed in natural lightThe delightful twostory plan boasts a generously sized open living area ideal for families who love to entertain and value spaciousness The modern kitchen harmoniously connects to both the living and dining rooms complete with a large walkin pantry for all your storage needs Plus theres a versatile Pulte Planning Center that can easily double as a home office On the main floor youll discover a cozy bedroom while upstairs youll find four additional bedrooms along with the luxurious Owners SuiteStep inside to experience its modern amenities including topoftheline Kitchen Aid appliances elegant cabinets and natural granite countertops The first floor and bathrooms are adorned with stylish tile flooring while recessed lighting throughout the home enhance your living experienceThe generous 3car tandem garage provides ample space for your vehicles ensuring convenience with a 240V plug for EV charging The backyard patio has ample room for entertaining featuring a natural bent grass golf putting green surrounded by lush landscaping that offers a sense of privacy The spacious backyard included an additional LOT PREMIUM of 50000 when the home was first purchasedEnjoy the benefits of a FULLY PAIDOFF SOLAR SYSTEM equipped with 18SOLAR PANELS and an LG BATTERY generating a near costfree electricity for an impressive 10 months out of the year and an approximate 12000 kWh production per year This home combines style comfort and convenience making it perfect for both luxury and ecofriendly livingThe COMMUNITY is rich with attractive amenities including secure gated entrances a regional sand trail a refreshing POOL and SPA a barbecue area shade structures a childrens play area and a beautifully maintained park Good schools are nearby as well Conveniently located just minutes from the 91 and 15 Freeways youll have easy access to a variety of shopping and dining options all while enjoying the tranquility of being next to Lake Matthews Embrace a lifestyle where luxury meets serenity
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THE NEIGHBORHOOD

Explore the location.

12789 Mendocino Ridge, Riverside, CA 92503

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THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
2023
Full baths
4
Garage spaces
3
Cooling
CentralAir
Heating
Central
Appliances
Dishwasher,Disposal,GasOven,GasRange,WaterHeater
Flooring
Carpet,Tile
Utilities
ElectricityConnected,NaturalGasConnected,SewerConnected,WaterConnected
Fencing
Block,Vinyl
Pool
No
Pool features
Community,InGround,Association
Spa
Yes
Parcel
270640003
HOA
Highland Grove Community Association
HOA amenities
PicnicArea,Playground,Pool,PetsAllowed,SpaHotTub
HOA fee frequency
Monthly
HOA fee
$277.00

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase—
Estimated monthly rent$4,374.96
Cap rate—

Annual operating income: —

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Your property and current assumptions will be included for our team to review.

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Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interest—Loan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

See its potential.
Have a plan for what follows.

Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.

  1. Understand the opportunity.

    Review rental pricing, property condition and your ownership goals with a local professional.

  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Get a local rental estimateTalk through your management needs
Stone-front home with a landscaped lawn and central entry
A more complete plan for your property

LOCAL PEOPLE. SHARED COMMITMENT.

A team behind your next step.

From your first question to the everyday work of ownership, a conversation with the right person makes a difference.

Meet ERA Property Management

Residential management in Utah, Nevada and Texas. Service availability and rental eligibility must be confirmed for each property. Commercial and association services are available through our management services page.

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12789 Mendocino Ridge, Riverside, CA 92503 · MLS #NP26166017

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Listing information

MLS #NP26166017 · California Regional MLS

Listing brokerage: Nissi Agents
Listing agent: David Alvarez

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright © 2023 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright © 2023 California Regional Multiple Listing Service, Inc. All rights reserved.