5247 Monterey Road, Riverside, California 92506, Riverside, 92506 - 4 bed, 2 bath
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Riverside, California 92506
This Turnkey Single Family Residence is a Strong Value Opportunity, listed at $638,000—positioned well below the $642,185 Fair Market Value by 0.65%. This property offers $4,185 in Instant Equity. Featuring a Mint Condition Rating with a brand-new roof, updated systems, and modern quartz kitchen, the home provides a stress-free lifestyle. The large lot includes a detached garage with Junior ADU potential and RV parking. This is an ideal acquisition for Owner-Occupants seeking a move-in ready home or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5247 Monterey Road Subject | $625,000* List Price | 4 | 2 | 1,417 | $445 | - |
A 2971 Cheyenne Sold | $638,000 | 3 | 2 | 1,278 | $499 | 0.6 mi |
B 3483 Wanda Sold | $685,000 | 3 | 2 | 1,292 | $530 | 0.6 mi |
C 6034 Elenor Sold | $580,000 | 2 | 2 | 1,528 | $380 | 0.7 mi |
D 3495 Mono Drive Sold | $605,000 | 3 | 2 | 1,392 | $435 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone a full modern remodel within the last 5 years. Key updates include a brand new roof, new plumbing, new electrical, and a newer HVAC system. The kitchen and bathrooms are completely updated with quartz countertops and new cabinetry, and the home features new windows and luxury vinyl plank flooring throughout, meeting the criteria for mint condition with no maintenance required.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8276, living area = 1417.
The property is fully move-in ready with significant capital improvements, including a brand-new roof, updated plumbing and electrical systems, new windows, and a newer HVAC system, minimizing immediate maintenance costs for the buyer.
The detached two-car garage is ideally suited for a junior ADU conversion, and the generous lot size provides ample space for RV, boat, or trailer parking, adding significant long-term value.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1417, other record living area = 1118. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
The property was recently sold within the past year on 2025-12-16. The sold price is $430,000.00.
With four bedrooms and a bonus room configured within 1,417 square feet, the individual room sizes and common areas may feel somewhat confined for larger families.
Surrounded by million dollar neighborhood, Four-bedroom, two-bath fully remodeled home with a large bonus room off the living area that could be used as an office, family room, gym, or playroom. Spacious living room features a wood-burning fireplace and opens to the bonus space, creating a functional layout for everyday living and entertaining. Vaulted ceilings with exposed beams. Updated kitchen with new white cabinetry, modern quartz countertops with sit-in peninsula, recessed lighting, stainless steel appliances, and dining area nearby. Primary bedroom includes an updated en-suite bath with single vanity and shower. Hall bath also features updated finishes with single vanity and tub/shower combo. New luxury vinyl plank flooring throughout, updated fixtures, new windows, plumbing, and electrical. Door to backyard leads to outdoor space for entertaining. Two car Garage with new door and opener and ample driveway parking. Detached garage is ideal for a junior ADU. Potential room to park an RV/Trailer/5th wheel or boat to side of driveway. Brand new roof. Newer HVAC system. Irrigation system in yard with timer. Mature tree gives home ample shade. Conveniently located near shopping, dining, parks, Riverside Community College, Riverside Medical Center, Victoria Golf Club and with easy access to the Metrolink station and the 91 Freeway. Move-in ready with modern updates throughout. Low taxes and no HOA.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 51% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,417 | 1,866.5 | 23% |
| Lot Size | 8,276 | 9,583 | 38% |
| Price | $625.0K | $725.0K | 24% |
| Price per sq ft | $441 | $395 | 70% |
| Built year | 1954 | 1964 | 36% |
| HOA | $0 | $0 | 50% |
| Days on market | 29 | 134 | 4% |
Jun 1, 2026
$625,000
$638,000
-2% Price Drop
Initial Listing
May 8, 2026
$638,000
Initial Listing
Dec 16, 2025
$430,000
Public Record