Huge price reduction on this newer home for sale in the Wood Streets, and seller offering up to $10,000 towards buyers closing costs!
Located at 5742 Magnolia Avenue in Riverside, this beautifully crafted single-story residence blends modern construction with timeless neighborhood charm. Built in 2007 and thoughtfully designed with quality finishes throughout, this 3 bedroom, 2.5 bath home offers approximately 1,710 square feet of comfortable living space on a spacious lot.
Step inside to discover an open-concept layout featuring granite countertops, recessed lighting, a breakfast bar, and a spacious family room with a cozy gas and wood-burning fireplace. The private primary suite includes a walk-in closet, dual vanities, soaking tub, and separate shower, while the secondary bedrooms share a convenient Jack-and-Jill bathroom. Outside, enjoy a private back yard with mature fruit trees (Avocado, Lemon, Pomegranate).
Designed with comfort and efficiency in mind, the home features sound-insulated front windows, double-insulated 2 x 4 construction, drywalled bull nose corners, central HVAC, a tankless water heater, indoor laundry room, and fire sprinklers throughout. Recently painted inside and out, other upgrades include new carpet, ceiling fans, and new roll up garage door with opener.
Off street parking is provided in the driveway behind the house, and you could easily add a privacy gate. Utilize the space above the detached two-car garage to build an ADU to generate extra income.
Located in one of Riverside’s most desirable historic neighborhoods, this property offers close proximity to shopping, dining, and entertainment at Riverside Plaza. Also close to hiking at Mt Rubidoux, The Mission Inn, local parks, award winning medical providers, and top-rated schools. This is your opportunity to own a newer-built home in an established neighborhood filled with classic Riverside appeal.
For sale
Listed by: Alta Realty Group • Liane Thomas • Contact: 951-454-3805
Price cut: $25.1K (8/28)
$649,900
5742 Magnolia Ave, Riverside, CA 92506
3beds
1,710sqft
Single Family Residence
Built in 2007
7,841 Square Feet Lot
$650,200 Zestimate®
$380/sqft
$-- HOA
What's special
- 97 days
- 830
- 41
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Liane Thomas DRE #01704162 951-454-3805,
Alta Realty Group
Source: CRMLS,MLS#: IG26112417
Originating MLS: California Regional MLS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
- Main level bathrooms: 3
- Main level bedrooms: 3
Rooms
- Room types: Bathroom, Bedroom, Family Room, Kitchen, Laundry, Living Room, Primary Bathroom, Primary Bedroom, Other
Primary bedroom
- Features: Main Level Primary
Bedroom
- Features: All Bedrooms Down
Bedroom
- Features: Bedroom on Main Level
Bathroom
- Features: Jack and Jill Bath
Other
- Features: Walk-In Closet(s)
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Dishwasher, Free-Standing Range, Disposal
- Laundry: Laundry Room
Features
- Granite Counters, High Ceilings, Pantry, Storage, All Bedrooms Down, Bedroom on Main Level, Jack and Jill Bath, Main Level Primary, Walk-In Closet(s)
- Flooring: Carpet, Tile
- Has fireplace: Yes
- Fireplace features: Gas, Living Room
- Common walls with other units/homes: No Common Walls
Interior area
- Total interior livable area: 1,710 sqft
Video & virtual tour
Property
Parking
- Total spaces: 6
- Parking features: Garage
- Garage spaces: 2
- Uncovered spaces: 4
Features
- Levels: One
- Stories: 1
- Entry location: front
- Patio & porch: Front Porch
- Pool features: None
- Spa features: None
- Fencing: Wood
- Has view: Yes
- View description: Neighborhood
Lot
- Size: 7,841 Square Feet
- Features: Back Yard, Front Yard, Landscaped, Street Level
Details
- Parcel number: 218275001
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Cottage
- Property subtype: Single Family Residence
Materials
- Stucco
- Roof: Composition
Condition
- Turnkey
- New construction: No
- Year built: 2007
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Features: Curbs, Street Lights, Suburban, Sidewalks
Location
- Region: Riverside
Financial & listing details
- Price per square foot: $380/sqft
- Tax assessed value: $619,037
- Date on market: 5/23/2026
- Cumulative days on market: 98 days
- Listing terms: Cash,FHA,VA Loan
- Exclusions: washer and dryer and fridge
- Road surface type: Paved
Estimated market value
$650,200
$618,000 - $683,000
$3,557/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/28/2026 | Price change | $649,900-3.7%$380/sqft |
Source: | ||
| 7/9/2026 | Price change | $675,000-3.4%$395/sqft |
Source: | ||
| 5/23/2026 | Listed for sale | $699,000+21.4%$409/sqft |
Source: | ||
| 4/12/2025 | Listing removed | $3,200$2/sqft |
Source: CRMLS #IG25034858 Report a problem | ||
| 4/1/2025 | Price change | $3,200-5.9%$2/sqft |
Source: CRMLS #IG25034858 Report a problem | ||
| 3/10/2025 | Price change | $3,400-2.9%$2/sqft |
Source: CRMLS #IG25034858 Report a problem | ||
| 2/16/2025 | Listed for rent | $3,500$2/sqft |
Source: CRMLS #IG25034858 Report a problem | ||
| 12/3/2021 | Sold | $576,000$337/sqft |
Source: Public Record Report a problem | ||
| 10/29/2021 | Pending sale | $576,000$337/sqft |
Source: | ||
| 9/24/2021 | Price change | $576,000-1.5%$337/sqft |
Source: | ||
| 9/14/2021 | Listed for sale | $585,000+0.1%$342/sqft |
Source: | ||
| 7/16/2021 | Sold | $584,500+44.9%$342/sqft |
Source: Public Record Report a problem | ||
| 12/29/2017 | Sold | $403,500-1.6%$236/sqft |
Source: Public Record Report a problem | ||
| 11/30/2017 | Pending sale | $409,900$240/sqft |
Source: Re/Max Partners #IG17247108 Report a problem | ||
| 10/31/2017 | Price change | $409,9000%$240/sqft |
Source: Re/Max Partners #IG17247108 Report a problem | ||
| 10/16/2017 | Price change | $409,9500%$240/sqft |
Source: MODERN DWELLINGS #IV17162787 Report a problem | ||
| 10/4/2017 | Price change | $410,000-3.5%$240/sqft |
Source: MODERN DWELLINGS #IV17162787 Report a problem | ||
| 9/29/2017 | Price change | $424,900-1.2%$248/sqft |
Source: MODERN DWELLINGS #IV17162787 Report a problem | ||
| 9/21/2017 | Price change | $429,900-2.3%$251/sqft |
Source: MODERN DWELLINGS #IV17162787 Report a problem | ||
| 8/21/2017 | Listed for sale | $439,900+158.8%$257/sqft |
Source: MCINTOSH REAL ESTATE #IV17162787 Report a problem | ||
| 12/20/2006 | Sold | $170,000$99/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | -- | $619,037 +2% |
| 2025 | $6,801 +3.4% | $606,900 +2% |
| 2024 | $6,578 -0.3% | $595,000 +1.3% |
| 2023 | $6,595 +1.9% | $587,520 +2% |
| 2022 | $6,474 +36.7% | $576,000 +35.8% |
| 2021 | $4,737 +0.8% | $424,150 +1% |
| 2020 | $4,701 | $419,801 +2% |
| 2019 | -- | $411,570 +2% |
| 2018 | $4,520 +13.8% | $403,500 +16.3% |
| 2017 | $3,972 | $347,000 +0.6% |
| 2016 | $3,972 +5.3% | $345,000 |
| 2015 | $3,771 -1% | $345,000 |
| 2014 | $3,808 | $345,000 |
| 2013 | -- | $345,000 |
| 2012 | -- | $345,000 +50.7% |
| 2011 | -- | $229,000 +12.3% |
| 2010 | -- | $204,000 -41.2% |
| 2009 | -- | $346,868 +0.3% |
| 2008 | -- | $345,900 +103.5% |
| 2007 | -- | $170,000 +293.3% |
| 2006 | -- | $43,228 +2% |
| 2005 | -- | $42,381 +3.9% |
| 2003 | -- | $40,790 +2% |
| 2002 | -- | $39,991 +2% |
| 2001 | $436 +1.7% | $39,207 +2% |
| 2000 | $428 | $38,439 |
Find assessor info on the county website
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Neighborhood: Wood Streets
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