5623 Montgomery, Riverside, California 92503, Riverside, 92503 - 3 bed, 2 bath
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Riverside, California 92503
This Newly Renovated Single Family Residence is a Strong Value Opportunity, listed at $615,000—positioned well below the $619,232 Fair Market Value by 0.68%. This valuation gap offers $4,232 in Instant Equity for the buyer. Featuring a Move-in Ready Condition Rating, the home offers modern comfort in the Riverside Unified district. While the two additional rooms present unverified permit status, the property remains an ideal acquisition for Owner-Occupants or first-time buyers seeking a turnkey home in an established, amenity-rich neighborhood.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5623 Montgomery Subject | $615,000* List Price | 3 | 2 | 1,196 | $518 | - |
A 5653 Montgomery Sold | $620,000 | 4 | 2 | 1,300 | $477 | 0.0 mi |
B 9132 Jersey Drive Sold | $640,000 | 3 | 2 | 1,104 | $580 | 0.6 mi |
C 8738 San Vicente Sold | $600,000 | 3 | 2 | 1,100 | $545 | 0.9 mi |
D 9075 Delano Drive Sold | $655,000 | 3 | 2 | 1,215 | $539 | 0.6 mi |
E 8326 Greenpoint Sold | $586,000 | 3 | 2 | 1,089 | $538 | 0.9 mi |
F 9152 Jersey Sold | $645,000 | 4 | 2 | 1,302 | $495 | 0.6 mi |
G 8971 Glencoe Drive Sold | $575,000 | 4 | 2 | 1,278 | $450 | 0.6 mi |
H 5653 Corwin Pending | $625,000 List Price | 4 | 2 | 1,300 | $481 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property is described as newly renovated and move-in ready. Visuals confirm modern flooring, fresh paint, and updated fixtures consistent with a renovation completed within the last 5 years, despite the 1959 original build date.
The property is move-in ready with modern renovations, offering immediate comfort and reducing the need for immediate capital expenditure on upgrades.
Situated in an established Riverside neighborhood, the home provides excellent proximity to local schools, specialty markets, shopping, and parks.
The inclusion of two additional rooms beyond the standard bedroom count offers significant versatility for a home office, gym, or guest accommodations.
The permit status of the two additional rooms is unknown, which may present challenges for appraisal, financing, or future resale.
As a 1959 build, the property may have aging core systems that require careful inspection despite the recent cosmetic renovations.
Come check out this newly renovated and move-in ready home in the City of Riverside that offers modern comfort in a convenient established neighborhood. This desirable home is close to local schools, specialty markets, shopping, dining, and neighborhood parks. Perfect fit for home buyers that are looking for something more spacious. This home does have an additional two rooms but was purchased as is so sellers are unaware if the additional rooms are permitted. Buyers/buyer's agent please do your own due diligence in investigating further, thank you.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,196 | 1,723 |
| Lot Size | 7,405 | 8,712 |
| Price | $615.0K | $676.0K |
| Price per sq ft | $514 | $395 |
| Built year | 1959 | 1977 |
| HOA | $0 | $125 |
| Days on market | 25 | 58 |
Jun 27, 2026
$615,000
Initial Listing
Apr 14, 2026
$430,000
Public Record