20946 Mountain Gate, Riverside, California 92507, Riverside, 92507 - 4 bed, 2 bath
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20946 Mountain Gate
Riverside, California 92507
ACTIVE UNDER CONTRACT
CONDITION: EXCELLENT
4Beds
2Baths
2,316Sq Ft
11,914Lot Size
Property Price
LIST PRICE$777,000
EST. MARKET VALUE
$802,051
3% BelowMARKET VALUE
SUMMARY
This Turnkey Single-Family Residence is a Strong Value Opportunity, listed at $777,000—positioned well below the $802,052 Fair Market Value by 3%. This valuation gap offers $25,052 in Instant Equity for the buyer. Boasting a Mint Condition Rating, this 2020-built home features a Private Pool, Outdoor Kitchen, and Scenic Mountain Views. Located in the Riverside Unified district, it offers a modern, low-maintenance lifestyle. This property is an ideal acquisition for Owner-Occupants seeking luxury or first-time buyers prioritizing modern construction.
Estimated Market Value
$802,051+$25,051 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Riverside.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 20946 Mountain Gate Subject | $777,000* List Price | 4 | 2 | 2,316 | $346 | - |
A 7874 Brass Kettle Circle Sold | $710,000 | 4 | 2 | 2,316 | $307 | 0.2 mi |
B 7846 Old Timber Court Sold | $787,000 | 4 | 2 | 2,316 | $340 | 0.4 mi |
C 20346 Symphony Sold | $820,000 | 4 | 3 | 2,418 | $339 | 0.5 mi |
D 21065 Old Cedar Court Sold | $710,000 | 4 | 2 | 1,858 | $382 | 0.3 mi |
E 21159 Blue Jeans Court Sold | $835,000 | 4 | 2 | 2,610 | $320 | 0.7 mi |
F 7572 Blue Oak Sold | $730,000 | 3 | 3 | 2,341 | $312 | 0.7 mi |
G 7688 Steamboat Sold | $759,000 | 4 | 3 | 2,661 | $285 | 0.7 mi |
H 7543 Sage Scrub Sold | $825,000 | 4 | 3 | 2,877 | $287 | 0.7 mi |
I 20996 Mountain Gate Drive Pending | $739,000 List Price | 4 | 2 | 2,209 | $335 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Built in 2020, this home is less than 10 years old and in mint condition. It features a modern kitchen with granite countertops and stainless steel appliances, new systems including solar panels, and a high-end outdoor living area with no maintenance required.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11914, living area = 2316.
- Premium Outdoor Living
The property features a resort-style backyard equipped with a private pool, outdoor kitchen, pergola, and fire feature, offering an exceptional space for entertaining and relaxation.
- Modern Construction
Built in 2020, this newer single-story home provides contemporary energy efficiency, a modern open floor plan, and significantly lower maintenance requirements than older area inventory.
CONSRISKS & DEFICIENCIES
- Limited Bathroom Count
With four bedrooms but only two bathrooms, the home may experience functional bottlenecks for larger families or guests during peak usage times.
- Market Price Positioning
The significant price increase from its 2020 sale price of $554,000 to the current $777,000 may test the upper limits of the neighborhood for a two-bathroom residence.
About 20946 Mountain Gate
Beautiful mountain views and a private pool welcome you to 20946 Mountain Gate Dr! This newer single-story home sits on a spacious lot and offers a bright, open floor plan with abundant natural light and a cozy fireplace. Enjoy beautiful views of the mountains and surrounding neighborhood from the property. Step outside to your own private backyard retreat featuring a sparkling pool, pergola, outdoor kitchen, fire feature, and mature fruit trees. It is perfect for relaxing, entertaining, and enjoying the California lifestyle. Conveniently located near shopping, dining, schools, major freeways, and UC Riverside. A wonderful opportunity to own a newer home with beautiful views and an exceptional private outdoor living space!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2020
- Lot Size
- 11,914 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 2.0 | 2.3 |
| Square foot | 2,316 | 1,867.892 |
| Lot Size | 11,914 | 8,787.773 |
| Price | $777.0K | $692.3K |
| Price per sq ft | $335 | $386 |
| Built year | 2020 | 1980 |
| HOA | $0 | $151 |
| Days on market | 26 | 55 |
Pricing History
Listed for Sale
Aug 14, 2026
$777,000
Initial Listing
Sold
Jul 22, 2020
$554,000
Public Record