5604 Tower Road, Riverside, California 92506, Riverside, 92506 - 3 bed, 2 bath
5604 Tower Road
Riverside, California 92506
Property Price
SUMMARY
Analysis of 5604 Tower Road, Riverside, California 92506 reveals a Fairly Priced Property with a current list price of $815,900 aligned with the estimated $821,848 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. 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 |
|---|---|---|---|---|---|---|
★ 5604 Tower Road Subject | $815,900* List Price | 3 | 2 | 1,595 | $515 | - |
A 4636 Beverly Court Sold | $649,900 | 3 | 2 | 1,350 | $481 | 0.3 mi |
B 4241 Beechwood Place Sold | $835,000 | 3 | 2 | 1,496 | $558 | 0.6 mi |
C 4401 Maplewood Place Sold | $625,000 | 2 | 2 | 1,300 | $481 | 0.3 mi |
D 5635 Tower Road Sold | $700,000 | 3 | 2 | 1,892 | $370 | 0.1 mi |
E 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.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
This 1957 mid-century ranch is move-in ready and demonstrates pride of ownership with significant recent capital improvements, including a new roof and a new A/C unit. The property features a mix of original charm and thoughtful updates, such as the newly updated Aluma wood patio and a fully functional detached bonus structure with its own kitchen and bathroom. While the home retains its vintage character rather than a complete contemporary overhaul, the well-maintained systems, functional kitchen/bathrooms, and excellent outdoor amenities place it firmly in the 'good' category.
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 = 8276, living area = 1595.
- Detached Bonus Structure
The property includes a separate, fully built-out structure with a kitchen, bedroom, and bathroom, providing excellent versatility for multi-generational living, a home office, or potential rental income.
- Outdoor Living Oasis
The backyard is a premier feature, offering a sparkling pool, spa, and a newly updated Aluma wood covered patio, creating a perfect environment for entertaining and relaxation.
CONSRISKS & DEFICIENCIES
- Local School Ratings
Several assigned schools, particularly at the middle school level, have lower performance ratings, which may be a drawback for families prioritizing top-tier educational districts.
- Market Pricing Sensitivity
The listing has experienced multiple price reductions since its initial debut, suggesting that the original valuation was high relative to the current market demand for the home's specific square footage and age.
About 5604 Tower Road
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, the family room can also be used as a 4th bedroom. Backyard is complete with a sparkling 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 A/C unit, 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.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1957
- Lot Size
- 8,276 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Riverside Unified Schools
Pachappa Elementary School
Grades PK-6 • 1.1 mi
Bryant Elementary School
Grades K-6 • 2.0 mi
Alcott Elementary School
Grades K-6 • 2.3 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 48% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,595 | 2,006 | 32% |
| Lot Size | 8,276 | 10,454 | 31% |
| Price | $815.9K | $750.0K | 63% |
| Price per sq ft | $512 | $386 | 88% |
| Built year | 1957 | 1968 | 39% |
| HOA | $0 | $0 | 50% |
| Days on market | 28 | 184 | 1% |
Pricing History
Listed for Sale
Mar 4, 2026
$815,900
$820,000
+0% Price Increase
Initial Listing
Price Change
Feb 13, 2026
$820,000
$855,000
-4% Price Drop
Initial Listing
Price Change
Feb 7, 2026
$855,000
Initial Listing
Sold
Feb 17, 2022
$650,000
Public Record
Sold
Apr 23, 2010
$305,000
Public Record
Sold
Apr 27, 2001
$192,500
Public Record