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Sold for $724,000 on 03/19/25
  • Listing Provided by: 

    CRYSTAL COLEMAN DRE #01879574 951-801-0924,

    NEST REAL ESTATE

    Bought with: KELLER WILLIAMS RIVERSIDE CENT
    $724,000

    4850 Palo Verde Ln, Riverside, CA 92501

    3beds
    1,835sqft
    Single Family Residence
    Built in 1954
    0.3 Acres Lot
    $712,800 Zestimate®
    $395/sqft
    $3,353 Estimated rent

    Home value

    $712,800

    $642,000 - $791,000

    $3,353/mo

    Zestimate® history
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    What's special

    Tucked away in one of Riverside’s best-kept secrets, this 3-bed, 2.5-bath home sits on a private 1/3-acre lot at the base of Mt. Rubidoux. Surrounded by three major city parks and overlooking the Santa Ana River Bottom, this serene retreat offers direct access to the 110-mile Santa Ana River Trail while being just minutes from downtown. Inside, the open living room is bathed in natural light, with expansive sliding glass doors framing stunning river bottom views. A custom rock gas and wood-burning fireplace adds warmth, while the large covered deck invites you to relax and take in breathtaking sunsets. The kitchen offers Corian countertops, custom cabinetry with glass knobs, and under-cabinet lighting. Nearby, the laundry room includes a custom shower, deep sink, storage, and counter space. Laminate wood flooring flows throughout the main level, which has been thoughtfully updated with new plumbing, electrical upgrades, fresh stucco, insulation, and dual-pane gas windows. Downstairs, a private one-bedroom, one-bath suite features its own living area, walk-in closet, and separate entrance—ideal for guests, a home office, or creative space. The backyard is a blank slate, fully enclosed with vinyl fencing and unobstructed river bottom views. Additional highlights include mirrored closet doors, built-in cabinetry, two single-car garages with workbenches and extra storage, plus ample adjacent parking. A rare blend of seclusion and accessibility, this home offers peaceful surroundings while being just minutes from city conveniences. Schedule your private showing today!

    Zillow last checked: 8 hours ago

    Listing updated: March 24, 2025 at 10:52am

    Listing Provided by:

    CRYSTAL COLEMAN DRE #01879574 951-801-0924,

    NEST REAL ESTATE

    Bought with:

    JASMINE MORENO, DRE #02067694

    KELLER WILLIAMS RIVERSIDE CENT

    Source: CRMLS,MLS#: IV25022889MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 3
    • Full bathrooms: 2
    • 1/2 bathrooms: 1
    • Main level bathrooms: 2
    • Main level bedrooms: 2
    Heating
    • Central
    Cooling
    • Central Air
    Appliances
    • Laundry: Laundry Room
    Features
    • Bedroom on Main Level
    • Has fireplace: Yes
    • Fireplace features: Living Room
    • Common walls with other units/homes: No Common Walls
    Interior area
    • Total interior livable area: 1,835 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Garage - Attached
    • Attached garage spaces: 2
    Features
    • Levels: One
    • Stories: 1
    • Entry location: Ground
    • Pool features: None
    • Has view: Yes
    • View description: Park/Greenbelt, Mountain(s), Panoramic, Trees/Woods
    Lot
    • Size: 0.30 Acres
    • Features: Corner Lot, Cul-De-Sac, Front Yard, Near Park, Walkstreet
    Details
    • Parcel number: 187070019
    • Zoning: R1065
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Condition
    • New construction: No
    • Year built: 1954

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Community
    • Community features: Fishing, Hiking, Preserve/Public Land, Street Lights, Park
    Location
    • Region: Riverside

    Other

    Other facts
    • Listing terms: Submit

    Price history

    DateEventPrice
    3/19/2025Sold$724,000$395/sqft
    Source: CRMLS #IV25022889 Report a problem
    2/18/2025Pending sale$724,000$395/sqft
    Source: CRMLS #IV25022889 Report a problem
    1/31/2025Listed for sale$724,000+9.7%$395/sqft
    Source: CRMLS #IV25022889 Report a problem
    3/25/2024Sold$660,000-9%$360/sqft
    Source: Public Record Report a problem
    7/18/2023Listing removed$724,900-4.6%$395/sqft
    Source: bridgeMLS/CCAR/Bay East AOR #CRIV23048061 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$7,537 +3.4%$673,200 +12.3%
    2024$7,289 +10.5%$599,269 +2%
    2023$6,595 +1.9%$587,520 +2%

    Find assessor info on the county website

    Neighborhood: Downtown

    Nearby schools

    GreatSchools rating
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    Estimated market value

    $712,800

    Get a cash offer in 3 minutes

    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.

    Estimated market value

    $712,800