4227 Miramonte Place, Riverside, California 92501, Riverside, 92501 - 3 bed, 4 bath
4227 Miramonte Place
Riverside, California 92501
Property Price
SUMMARY
Analysis of 4227 Miramonte Place, Riverside, California 92501 reveals a Prime Investment Opportunity with a current list price of $785,000—significantly undercutting the $871,588 Fair Market Value by 9%. This valuation gap indicates a +$86,588 Instant Equity potential for buyers. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Riverside Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4227 Miramonte Place Subject | $785,000* List Price | 3 | 4 | 2,400 | $363 | - |
A 3221 Redwood Sold | $600,000 | 4 | 2 | 2,402 | $250 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1964, this mid-century home is well-maintained but largely outdated. The kitchen features older white appliances and tile countertops, while the bathrooms retain vintage tiling and fixtures from previous decades. While the property is functional and clean, the interior finishes—including the carpeting, wood paneling, and acoustic ceilings—show significant signs of age and lack modern updates. The presence of an unpermitted bathroom in the garage also indicates a need for professional oversight and modernization to meet current market standards.
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 = 19166, living area = 2400.
- Prime Location & Accessibility
Situated at the base of historic Mount Rubidoux, the property offers direct backyard access to hiking trails and is minutes away from Downtown Riverside's premier dining, shopping, and cultural attractions.
- Exceptional Panoramic Views
This mid-century home features dramatic views of Downtown, the Peace Tower, and the Cross from the primary bedroom, living areas, and an expansive shared deck, maximizing its hillside vantage point.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2400, other record living area = 2344.
- Unpermitted Improvements
The oversized garage includes an unpermitted bathroom and additional laundry facilities, which may present challenges for appraisal, financing, or future permitting requirements.
- Vintage Infrastructure
Built in 1964, the home may require updates to its original systems or cosmetic modernization to meet current energy efficiency standards and contemporary buyer expectations.
About 4227 Miramonte Place
Located at the Base of Historic Mount Rubidoux, This Mid Century Home has Views of Downtown, Peace Tower, and The Cross....Minutes to Downtown's Finest Restaurants, Shopping, Art Museums, Parks....Literally Walk to Hiking Trail on Mount Rubidoux from Backyard....The Interior Boasts Dramatic Views from Living Room, Family Room, Primary Bedroom and The Massive Deck Shared by Primary Bedroom and Formal Living Room....Double Doors Greet You Entering Home, Along with Fireplace Encased in Marbel....The Primary Bedroom Offers Abundant Storage Space...Enjoy the Views from Dining Room and Bedrooms of Mount Rubidoux....The Exterior is Surrounded by Natural Landscape Providing Your Personal Park Like Setting....Enjoy One of Riverside's Most Sought Out Areas.....[Oversized Garage has Unpermitted Bathroom and Additional Washer and Dryer]
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1964
- Lot Size
- 19,166 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 4 (4 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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 4.0 | 2.0 | 97% |
| Square foot | 2,400 | 1,404 | 83% |
| Lot Size | 19,166 | 7,405 | 95% |
| Price | $785.0K | $585.0K | 88% |
| Price per sq ft | $327 | $404 | 25% |
| Built year | 1964 | 1955 | 56% |
| HOA | $0 | $0 | 50% |
| Days on market | 11 | 173 | 3% |
Pricing History
Listed for Sale
Feb 24, 2026
$785,000
Initial Listing
Sold
Oct 31, 2003
$340,000
Public Record