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4045 Chapman, Riverside, CA 92506

$870K4bd · 3ba · 2,588 sqft
Lot 10,454 sqft•Single Family Residence•
Active
•25d on market•MLS# IV-26210836

Property Description

Rare opportunity on historic Chapman Place! This well-maintained two-story Colonial Revival home offers 2,588 square feet with four bedrooms and three bathrooms, and it is only the second time on the market since it was built in 1961. Wood floors add warmth and character, and the classic Colonial Revival lines give the home a timeless look. The 10,454-square-foot lot is a real bonus. A second structure on the property has ADU potential, which opens the door to multigenerational living, guest quarters, a home office, or rental income (buyer to verify permitting and eligibility with the City of Riverside). The street itself is part of Riverside's history. Chapman Place is named for Deloraine P. Chapman, a Civil War veteran and early citrus leader who arrived in Riverside in 1887. After his death in 1920, his five daughters deeded a strip of his former orange grove to create the street, which was extended through to Brockton Avenue in 1941. Chapman's own 1887 home still stands at the corner of Magnolia Avenue and Chapman Place, one of the oldest houses on Magnolia. Today the street is known for its Christmas lights and decorations, a tradition that draws the community every December. Homes with this much character, space, and potential on a street with this much history rarely come along. Schedule your showing today.

Features & Amenities

FeeBuilt 1961

Property Details

Land Type
Fee
Year Built
1961
Property Type
Residential
Property Subtype
Single Family Residence
Parking Spaces
0
Garage Spaces
0
Heating
Central, Fireplace(s)
Cooling
Central Air
City
Riverside
Zip Code
92506
County
Riverside
Listed byNEST REAL ESTATE, MANDI S. PERRONE

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$4,398.69
Principal & Interest
Loan Amount
$695,920
Total Interest
$887,608
Total Payment Over 30 Years
$1,583,528
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

4045 Chapman, Riverside, CA 92506

Riverside · Single Family Residence

$870K
Residential Tier
Beds
4
Baths
3
Sqft
2,588
Lot
10,454 sqft
Year
1961
$/Sqft
$336
Pool: No✓
Spa: No✓

Listed 5.4% above the median closed sale of $825,000. Closed comps sold at 101% of list — strong seller's market.

Price Position

Positioned above the market — commands a premium.

Premium
Subject listed at $870K· $336/sqft
Total list price
Closed comps
vs closed median $825K
+$45K (+5.4%)
Active comps
vs active median $799K
+$71K (+8.9%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $468
−$132 (−28.1%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
3589 Castle ReaghRiverside1929431,8868,712$464$875,00015679
3660 LinwoodRiverside1912431,9567,841$408$799,0009978
4061 Maplewood plRiverside1953321,5558,276$488$759,00026172
3968 Ramona DriveRiverside1940322,3288,276$376$875,0008171
3728 Briscoe StRiverside1923321,2447,405$602$749,0008668
Total: 5 · Average3.42.41,793.88,102$467.6$811,400136.6
Median1,886$799,000

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
3630 Castle ReaghRiverside193703/02/2026332,5339,583$815,000$835,000$3301.029080
6060 Pachappa DriveRiverside196307/02/2026322,46712,197$799,000$810,000$3281.017179
5382 BrightonRiverside195907/02/2026332,45011,761$825,000$825,000$3371.006879
4424 Ramona DriveRiverside195207/09/2026331,63114,810$829,900$850,000$5211.025076
3985 Rice RoadRiverside194104/16/2026322,47517,860$798,000$785,000$3170.988174
Total: 5 · Average3.02.62,311.213,242.2$821,000$821,000$366.6—72
Median2,467$825,000$825,000

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.