4227 Miramonte Place, Riverside, California 92501, Riverside, 92501 - 3 bed, 4 bath
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Riverside, California 92501
This Mid-Century View Home is a Strong Value Opportunity, listed at $785,000—positioned well below the $871,589 Fair Market Value by 9%. This valuation gap provides $86,589 in Instant Equity. While maintaining a Condition Rating of 4, the property features panoramic views of the Peace Tower and direct access to Mount Rubidoux trails. The expansive 19,166 sqft lot and vintage architecture offer significant appreciation potential through modernization within the Riverside Unified district. This is an ideal acquisition for Owner-Occupants looking to build wealth or Buy-and-Hold Investors seeking a high-demand asset.
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Built in 1964, this mid-century home is well-maintained but largely outdated.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.
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.
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.
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.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2400, other record living area = 2344.
The oversized garage includes an unpermitted bathroom and additional laundry facilities, which may present challenges for appraisal, financing, or future permitting requirements.
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.
PRICE IMPROVEMENT!!!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 [backyard has gate for easy passage to hiking trail]....The Interior Boasts Dramatic Views from Living Room, Family Room, Primary Bedroom and The Massive Deck Shared by Primary Bedroom and Formal Living Room are Accessed by Grand French Doors.... The Spacious Open Floor Plan Greets You Entering Home, Along with Fireplace Encased in Marble....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 Bathroom and Additional Washer and Dryer] *Fell out of escrow due to buyers non performance...
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 4.0 | 2.0 |
| Square foot | 2,400 | 1,723 |
| Lot Size | 19,166 | 8,712 |
| Price | $749.0K | $676.0K |
| Price per sq ft | $312 | $395 |
| Built year | 1964 | 1977 |
| HOA | $0 | $125 |
| Days on market | 148 | 58 |
Jun 11, 2026
$749,000
$759,000
-1% Price Drop
Initial Listing
May 24, 2026
$759,000
$777,500
-2% Price Drop
Initial Listing
May 4, 2026
$777,500
$785,000
-1% Price Drop
Initial Listing
Feb 24, 2026
$785,000
Initial Listing
Oct 31, 2003
$340,000
Public Record