Cheryl Riley

Cheryl Riley

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Closed

$885,000

($417,435 down)
VA

16861 Valley Spring Drive, Riverside, CA 92503

5
3
3,250 sqft
PITI Monthly
$2,592.66 /mo

Listing courtesy of: Chris Taylor, Keller Williams Realty

Assumed Rate

3.64%
7.15%

Principal & Interest

$2,376 /mo
$3,512 /mo

What's Special

LOCATION
SHOPPING
DINING
SPACIOUS
FIREPLACE
BALCONY
PLAYGROUND

Discover family living and entertaining at its finest in this 3,250 SqFt Executive Home in Lake Hills Reserve located a short walk away from the community center. Boasting 5 bedrooms, including TWO GROUND-FLOOR BEDROOMS and 2.75 baths. The desirable layout features formal living and dining rooms with soaring cathedral ceilings, bathed in natural light. The family room, warmed by a fireplace, flows into a chef’s kitchen with granite counters, a tile backsplash, a pantry, and a spacious island. Upstairs, enjoy a versatile loft, two additional bedrooms, and a spacious primary suite with its own private balcony. With ceramic tile and laminate wood flooring throughout, this home is designed for comfort and style. The exclusive community of Lake Hills Reserve offers its residents an ideal mountaintop locale removed from city life, yet close to Riverside’s many cultural and educational amenities and near all the shopping attractions! In addition to the hiking, stunning sunsets, the quiet, and panoramic mountaintop views in this patrol-guarded community, residents enjoy a private residents club including a swimming pool, playground, park, an open-air fireplace pavilion, and the HIGHLY rated Lake Hills Elementary School. This is an ideal location for commuters as the 91 FWY &Metro-link are both VERY close by. Are you ready for the Lake Hills Reserve lifestyle…?

... Show more

Assumption Snapshot

Type of Loan
VA
Interest Rate
3.64
Remaining Loan Term
24 years, 10 months
Monthly PITI
$2,592.66/mo
Estimated Loan Balance
$471,367
Cash to close
$417,435
Interest Paid
$92,929

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 5
  • Bathrooms: 3
Cooling & Heating
  • Cooling: CentralAir
  • Heating: Central
Features
  • Materials: CopperPlumbing
  • Community: Unknown
  • Has Fireplace: Yes
  • Fireplace Features: FamilyRoom
  • Flooring: Carpet, Laminate, Tile

Exterior

Fencing
  • Fencing: Wood, WroughtIron
Roof
  • Roof: SpanishTile
Parking
  • Garage: Yes
  • Garage Spaces: 2
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: PublicSewer
  • Water Source: Public
Pool
  • Has Pool: No
  • Pool Features: Community, Association

Construction

Type & Style
  • Stories: 2
  • Home type: SingleFamilyResidence
  • Architectural Style: Contemporary
Materials
  • CopperPlumbing
  • Roof: SpanishTile
Condition
  • Year Built: 2007
Details
  • Builder: Brehm

Community & HOA

Community
  • Subdivision:
  • Features: Curbs, Foothills, StormDrains, StreetLights, Suburban, Sidewalks, Pool
HOA
  • Has HOA: Yes
  • HOA Name: Lake Hills Reserve HOA
  • HOA Amenities: Unknown
  • HOA Fee: $195
  • HOA Frequency: $Monthly
Location
  • Region: Riverside

Financial Details

  • Price per Sqft: $272.31
  • Tax Annual Amount: $11062.5
  • On Market Date: 2025-01-16T00:00:00.000Z
Inquire about this property

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Apply to Assume

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Savings Calculator

Current cash to close is $417,435 (47%)
You can enter any amount below - secondary financing will cover the difference if needed.
47%
$

You cover the entire equity of $417,435!

Enter a smaller amount if you prefer to use secondary financing.

Loan Breakdown

Assumed Mortgage3.64% Sellers Rate
$467,565
Your Cash$417,435
Total Purchase Price:$885,000

Assumed vs Traditional Mortgage

Assumed @ 3.64%
$2,376/mo
Traditional @ 7.15%
$3,643/mo
You save $1,267/month ($15,207/year)

*Secondary financing rates are an estimated value based on input

MLS ID: OC25010452

Listing From:

Last updated: 2025-04-11T15:48:49.000Z

© , CRMLS. All rights reserved. Information deemed to be reliable but not guaranteed. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Listing information updated daily.

Assumed Rate

3.64%
7.15%

Principal & Interest

$2,376 /mo
$3,512 /mo
Inquire about this property

We will reach out to you with more details

Apply to Assume

Fill out an application to explore financing options for assuming this loan.

Apply now

Savings Calculator

Current cash to close is $417,435 (47%)
You can enter any amount below - secondary financing will cover the difference if needed.
47%
$

You cover the entire equity of $417,435!

Enter a smaller amount if you prefer to use secondary financing.

Loan Breakdown

Assumed Mortgage3.64% Sellers Rate
$467,565
Your Cash$417,435
Total Purchase Price:$885,000

Assumed vs Traditional Mortgage

Assumed @ 3.64%
$2,376/mo
Traditional @ 7.15%
$3,643/mo
You save $1,267/month ($15,207/year)

*Secondary financing rates are an estimated value based on input

Follow Us
American Allstar Realty
Agent/Broker
Cheryl RileyAmerican Allstar Realty(602) 353-7375cheryl.m.riley@gmail.comMLS BR655878000

© Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Listing Service. Real estate listings held by brokerage firms other than American Allstar Realty are marked with the Listing Service logo and detailed information about them includes the name of the listing brokers. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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