3440 Mono Drive, Riverside, California 92506, Riverside, 92506 - 3 bed, 2 bath
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Riverside, California 92506
This Single Family Residence represents a Strong Value Opportunity, listed at $649,999—positioned slightly above the $645,417 Fair Market Value. While the property requires attention to its Fair Condition Rating, it features fully paid-off solar panels and a versatile bonus room for added utility. Located in the Riverside Unified district, the home offers a functional open-concept layout with a City Lights view. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a project with long-term energy efficiency and growth potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3440 Mono Drive Subject | $649,999* List Price | 3 | 2 | 1,540 | $419 | - |
A 3495 Mono Drive Sold | $605,000 | 3 | 2 | 1,392 | $435 | 0.2 mi |
B 6725 De Anza Avenue Sold | $595,000 | 3 | 2 | 1,319 | $451 | 0.7 mi |
C 3483 Wanda Sold | $685,000 | 3 | 2 | 1,292 | $530 | 0.2 mi |
D 5648 Laredo Sold | $639,000 | 3 | 2 | 1,532 | $417 | 0.5 mi |
E 5663 Osburn Sold | $635,000 | 3 | 2 | 1,772 | $358 | 0.5 mi |
F 2924 Pecos Sold | $630,000 | 3 | 2 | 1,246 | $506 | 0.7 mi |
G 6735 De Anza Sold | $670,000 | 4 | 2 | 1,768 | $379 | 0.7 mi |
H 3180 Jane Sold | $555,000 | 3 | 1 | 1,292 | $430 | 0.9 mi |
I 6156 Elenor Active Under Contract | $599,900 List Price | 3 | 2 | 1,774 | $338 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1953, the property shows signs of being dated despite recent cosmetic paint. The bathroom features older tile work and a dated layout, while the backyard is currently in a state of disrepair with debris and unfinished surfaces. It requires minor repairs and modernization to the primary systems and outdoor space to move beyond a 'Fair' rating.
The property includes fully paid-off solar panels, providing a significant financial advantage by reducing monthly utility expenses for the homeowner.
The inclusion of a flexible bonus room alongside the three standard bedrooms allows for a seamless transition into a home office, gym, or fourth bedroom.
Recent interior and exterior paint combined with an open-concept layout ensure the home is move-in ready, appealing to buyers looking for a modern aesthetic without immediate renovation needs.
As a 1953 build, the property may have aging core systems typical of the era, such as older plumbing or electrical, which may require future maintenance or upgrades.
While convenient for commuting, the close proximity to major freeway access and a shopping mall may result in increased ambient noise and local traffic volume.
Welcome to this beautifully maintained 3-bedroom, 2-bathroom home located in the heart of Riverside. Featuring an open-concept floor plan, this home offers a spacious and inviting living area that flows seamlessly into the dining and kitchen spaces—perfect for everyday living and entertaining. Recent updates include fresh interior and exterior paint, giving the home a clean, modern feel. In addition to the three bedrooms, you'll find a versatile bonus room that can be used as a fourth bedroom, home office, gym, or playroom. Conveniently located near shopping, dining, the mall, and major freeway access, this home combines comfort and convenience. As an added bonus, the property includes fully paid-off solar panels, helping you save on energy costs for years to come. Don't miss this opportunity to own a move-in-ready home in a desirable Riverside location!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,540 | 1,723 |
| Lot Size | 6,970 | 8,712 |
| Price | $650.0K | $676.0K |
| Price per sq ft | $422 | $395 |
| Built year | 1953 | 1977 |
| HOA | $0 | $125 |
| Days on market | 25 | 58 |
Jun 27, 2026
$649,999
Initial Listing
Dec 14, 2022
$505,000
Public Record
Jun 25, 1996
$113,000
Public Record