3920 Melody Lane, Riverside, California 92504, Riverside, 92504 - 4 bed, 3 bath
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Riverside, California 92504
This Spacious Traditional Home is a Strong Value Opportunity, listed at $649,999—positioned well below the $676,242 Fair Market Value by 3%. This valuation gap offers $26,243 in Instant Equity for the buyer. The property maintains a Condition Rating of 3, featuring recent cosmetic updates and Dual Primary Suites on a large, private lot. With no HOA and proximity to California Baptist University, this home balances lifestyle comfort with investment potential, making it an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3920 Melody Lane Subject | $649,999* List Price | 4 | 3 | 1,791 | $378 | - |
A 3694 Gay Way Sold | $638,000 | 4 | 3 | 1,767 | $361 | 0.8 mi |
B 8341 Garfield Street Sold | $575,000 | 4 | 2 | 1,300 | $442 | 0.3 mi |
C 8434 Monteel Place Sold | $670,000 | 4 | 2 | 1,697 | $395 | 0.5 mi |
D 4296 Saint George Place Sold | $635,000 | 5 | 2 | 1,917 | $331 | 0.9 mi |
E 3866 Gates Place Pending | $599,000 List Price | 5 | 2 | 1,939 | $309 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Despite the 1951 build date, the home is move-in ready with recent cosmetic renovations including new flooring, fresh paint, and updated bathrooms. While the kitchen is dated (oak cabinetry and tile counters), the overall condition is well-maintained and functional.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7841, living area = 1791.
The rare inclusion of two primary suites provides exceptional flexibility for multi-generational living or potential rental opportunities, a high-demand feature in this market.
Recent cosmetic enhancements, including updated flooring, fresh paint, and refreshed bathrooms, offer a clean and modern aesthetic for immediate occupancy.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1791, other record living area = 1591. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
The kitchen is in its original condition, which may necessitate a significant future investment to align its style and functionality with the rest of the updated home.
Built in 1951, the home may require ongoing maintenance or upgrades to older mechanical, electrical, or plumbing systems typical of mid-century properties.
Welcome to 3920 Melody Lane, a 4-bedroom, 3-bathroom home with dual primary suites, sitting on a private tree-lined street in one of Riverside's most convenient locations. Inside you're greeted with updated flooring, fresh paint, new light fixtures, and refreshed bathrooms which give the home a clean, move-in ready feel. The open layout invites natural light throughout, and the original kitchen is functional and ready for your personal touch. Outside, a private lot with mature trees offers space and seclusion that's hard to find. No HOA. Minutes from California Baptist University, downtown Riverside, and the 91 freeway, with shopping and dining close by.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 51% |
| Baths | 3.0 | 2.0 | 74% |
| Square foot | 1,791 | 1,470.5 | 66% |
| Lot Size | 7,841 | 8,276 | 46% |
| Price | $650.0K | $619.5K | 60% |
| Price per sq ft | $363 | $423 | 34% |
| Built year | 1951 | 1960 | 16% |
| HOA | $0 | $0 | 50% |
| Days on market | 3 | 159 | 1% |
Jun 3, 2026
$649,999
Initial Listing
Oct 18, 2017
$365,000
Public Record
Aug 14, 2015
$320,000
Public Record
Mar 24, 2000
$127,500
Public Record