5604 Tower Road, Riverside, California 92506, Riverside, 92506 - 3 bed, 2 bath
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Riverside, California 92506
This Versatile Mid-Century Ranch is a Strong Value Opportunity, listed at $799,999—positioned well below the $814,564 Fair Market Value by 1%. This valuation gap provides $14,565 in Instant Equity. Boasting a Condition Rating of 3, the home features a heated pool and spa, a new roof, and a detached bonus structure with a kitchen and bath. Located in the historic Wood Streets neighborhood near Polytechnic High School, it offers significant rental or guest potential. This is an ideal match for Owner-Occupants or Multi-generational Families.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5604 Tower Road Subject | $775,000* List Price | 3 | 2 | 1,595 | $493 | - |
A 4241 Beechwood Place Sold | $835,000 | 3 | 2 | 1,496 | $558 | 0.6 mi |
B 4636 Beverly Court Sold | $649,900 | 3 | 2 | 1,350 | $481 | 0.3 mi |
C 4061 Maplewood Pl Active | $799,900 List Price | 3 | 2 | 1,555 | $514 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
This 1957 mid-century ranch is in move-in ready condition, benefiting from significant recent upgrades including a new roof, a new A/C unit, and an updated Aluma wood patio. The interior shows thoughtful maintenance with updated flooring, a modernized kitchen featuring stainless steel appliances, and renovated bathrooms. While the home retains its original 1950s character, the major systems are within their functional lifespan and the property includes a fully finished bonus structure, meeting the criteria for a well-maintained, updated residence.
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 = 1595.
The property features a separate, fully built-out rear structure with a bedroom, bathroom, and kitchen area, providing excellent potential for a guest house, rental income, or a private home office.
The backyard is designed for premium outdoor living, featuring a sparkling heated pool, spa, and a newly updated Aluma wood covered patio that creates a seamless transition from the interior family room.
The property has undergone multiple price reductions since its initial listing, which may suggest that the original valuation was aggressive relative to current market conditions or buyer interest.
While the high school is well-rated, the assigned middle school currently holds a significantly lower rating, which may be a point of concern for families prioritizing specific educational performance metrics.
WOOD STREET / GRAND-CHARMING MID-CENTRY RANCH WITH POOL, BONUS STRUCTURE & UPGRADES! Nestled in one of Riverside's most secluded and highly desirable neighborhoods, this timeless mid-century ranch character, comfort, and incredible outdoor living just minutes from the amenities of Downtown Riverside and Magnolia Center. The home is filled with original charm and thoughtful updates, featuring a large formal living room with a classic masonry fireplace, a spacious dining area off the kitchen and a conveniently located adjacent laundry room. A massive family room with a fireplace and sliding French glass doors opens beautifully to the backyard oasis, creating seamless indoor-outdoor living, Backyard is complete with a sparkling heated pool, spa and newly updated Aluma wood covered patio. There are 3 bedrooms, including a primary suite with an ensuite bath, walk-in closet, and additional wardrobe closet. Additional highlights include a new roof, new Ac/heat unit, new water heater, new shutters in family room, updated piping including main line sewer pipe, updated electrical panel, laminated flooring throughout, detached car garage, shed, and an extended driveway with street parking. At the rear of the property, you'll find a separate, fully built-out structure featuring a bedroom, bathroom and kitchen area- offering flexible space for guests, hobbies, a home office, or whatever you see fit. Well, maintained by owner, this special property is ready to welcome its next chapter.
No exterior & parking available.
Grades PK-6 • 1.1 mi
Grades K-6 • 2.0 mi
Grades K-6 • 2.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,595 | 1,892 | 35% |
| Lot Size | 8,276 | 9,583 | 37% |
| Price | $775.0K | $725.0K | 60% |
| Price per sq ft | $486 | $385 | 81% |
| Built year | 1957 | 1963 | 43% |
| HOA | $0 | $0 | 50% |
| Days on market | 74 | 176 | 14% |
Mar 28, 2026
$775,000
$795,000
-3% Price Drop
Initial Listing
Mar 18, 2026
$795,000
$799,999
-1% Price Drop
Initial Listing
Mar 9, 2026
$799,999
$815,900
-2% Price Drop
Initial Listing
Mar 4, 2026
$815,900
$820,000
+0% Price Increase
Initial Listing
Feb 13, 2026
$820,000
$855,000
-4% Price Drop
Initial Listing
Feb 7, 2026
$855,000
Initial Listing
Feb 17, 2022
$650,000
Public Record
Apr 23, 2010
$305,000
Public Record
Apr 27, 2001
$192,500
Public Record