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37492 Cherry Valley Blvd, Cherry Valley, CA 92223

List Price: $999,000On Market FlagOn market
Sep 15, 20242,405 sqft5 beds4 baths
Listed by: JIM TOWERS
License #: 01342640
Phone #: 909-335-1735
TOWERS & ASSOCIATES
Source:
CRMLS Logo
MLS #: EV24175621

Property Description

Substantial price drop! This unique Cherry Valley ranch is 7.29-acres with flat usable land for horses, pets, RVs and so much more. Two homes on a single large parcel with a gated entry from Cherry Valley Boulevard for privacy and security. The main house is 2,405 square feet per assessor's records and has 3 bedrooms and 3 baths downstairs and two additional bedrooms with half-bath upstairs. The main house features updated central heat and air, hardwood floors, rock fireplace in living room, separate dining room with double doors, nook off the kitchen, family room with wet bar, and large game room with vaulted ceilings and freestanding wood stove. The rear guest house is a manufactured home, approximately 1,200 SF, with 3 bedrooms and 2 baths. The guest house is currently rented on a month-to-month basis at $1,600 per month - so please do not disturb tenants. The main house sits back from the street and atop a peaceful knoll with views overlooking the property and surrounding community. Private well for water, which was recently updated with new pump and related equipment. There is so much potential here to create your own private compound. Great opportunity to subdivide with minimum lot size of one acre (check with the Riverside County). Owner may carry with good downpayment.
Assignment
Get a detailed valuation report, schedule a tour or make an offer!
Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$15,243

TurboHome Estimated Value

$1,007,600

$419 sqft

High Valuation
$1,057,980
$440/sqft
Normal Valuation
$1,007,600
$419/sqft
Low Valuation
$957,220
$398/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$419/sqft$1,007,600

Neighborhood

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Comparative Value

$611K

$640K

$675K

$999K

1686 Cactus Wren Ct, Beaumont, CA 92223

Sale Price: $610,500

Selected Comparable

37183 Winged Foot Rd, Beaumont, CA 92223

Sale Price: $640,000

Selected Comparable

1724 Morgan Ave, Beaumont, CA 92223

Sale Price: $675,000

Selected Comparable

37492 Cherry Valley Blvd, Cherry Valley, CA 92223

List Price: $999,000

Subject Property

Neighborhood Comps

Subject Property

SUBJECT
37492 Cherry Valley Blvd, Cherry Valley, CA 92223

37492 Cherry Valley Blvd, Cherry Valley, CA 92223

List: $999,000

Listed: 9/15/2024

Area:2,405 sqft
Price/sqft:$415
Beds:5
Baths:4
Year Built:
Lot Size:317,552

Comparable Properties

COMPARABLE
Choose comps
1724 Morgan Ave, Beaumont, CA 92223

1724 Morgan Ave, Beaumont, CA 92223

Sale: $675,000

10/3/20240.84 mi

Area:2,337 sqft
Price/sqft:$289
Beds:5
Baths:3
Year Built:
Weight:39.4%
1686 Cactus Wren Ct, Beaumont, CA 92223

1686 Cactus Wren Ct, Beaumont, CA 92223

Sale: $610,500

6/6/20251.03 mi

Area:2,923 sqft
Price/sqft:$209
Beds:6
Baths:4
Year Built:
Weight:33.0%
37183 Winged Foot Rd, Beaumont, CA 92223

37183 Winged Foot Rd, Beaumont, CA 92223

Sale: $640,000

3/7/20251.31 mi

Area:2,705 sqft
Price/sqft:$237
Beds:4
Baths:3
Year Built:
Weight:27.6%

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