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4850 Palo Verde Lane

Riverside, CA 92501

3 beds
3 baths
1,835 sqft
13,068 sqft lot
$394 per sqft
1954 build
– on site

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!

Listed By CRMLS_CA / CRYSTAL COLEMAN / NEST REAL ESTATE / 951-801-0924

Last checked: Checking… • Last updated Feb 5, 2025 •

MLS# IV25022889 —

This home is listed in more than one place. See it here.

The Building

Year Built:

1954
Year Built Source:

Assessor
New Construction:

No
Total Number Of Units:

1
Structure Type:

House
Stories Total:

1
Entry Level:

1
Common Walls:

No Common Walls

Interior

Levels:

One
Entry Location:

Ground
Room Type:

Bonus Room, Exercise Room, Family Room, Living Room, Main Floor Bedroom
Living Area Units:

Square Feet
Living Area Source:

Appraiser
Fireplace:

Yes
Fireplace:

Living Room
Laundry:

Individual Room
Laundry:

1

Room Dimensions

Living Area:

1835.00

Location

Directions:

Tequesquite to Gregory North to Palo Verde
Latitude:

33.97816700
Longitude:

-117.39673400

The Property

Property Type:

Residential
Subtype:

Single Family Residence
Zoning:

R1065
Lot Features:

Corner Lot, Cul-De-Sac, Front Yard, Park Nearby, Walkstreet
Lot Size Area:

13068.0000
Lot Size Acres:

0.3000
Lot Size SqFt:

13068.00
Lot Size Source:

Assessor
View:

1
View:

Mountain(s), Panoramic, Park/Greenbelt, Trees/Woods
Additional Parcels:

No
Land Lease:

No
Lease Considered:

No

Listing Agent

Contact info:

Taxes

Tax Census Tract:

302.00
Tax Tract:

0900
Tax Lot:

304

Beds

Total Bedrooms:

3
Main Level Bedrooms:

2

Baths

Total Baths:

3
Full & Three Quarter Baths:

2
Main Level Baths:

2
Full Baths:

2
Half Baths:

1

The Listing

Special Listing Conditions:

Standard
Parcel Number:

187070019

Heating & Cooling

Heating:

1
Heating:

Central
Cooling:

Yes
Cooling:

Central Air

Utilities

Sewer:

Public Sewer
Water Source:

Public

Schools

High School District:

Riverside Unified

The Community

Neighborhood:

Downtown
Features:

Fishing, Hiking, Park, Preserve/Public Land, Street Lights
Association:

No
Pool:

None
Senior Community:

No
Private Pool:

No
Assessments:

No
Assessments:

None

Parking

Parking Spaces:

2.00
Attached Garage:

Yes
Garage Spaces:

2.00

Monthly cost estimate

Asking price

$724,000

Expense	Monthly cost
Mortgage	$3,876
Taxes	N/A
Insurance	$199
Utilities	$206 See report
Total	$4,281/mo.^*
	^*This is an estimate

Explore the Area

My Commute

From

Walk Score®

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Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

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Air Pollution Index

Provided by ClearlyEnergy

Sale history

Date	Event	Source	Price
1/31/25 Jan 31, 2025	Listed / Active	CRMLS_CA	$724,000
7/8/23 Jul 8, 2023	Price Changed	BRIDGE
6/5/23 Jun 5, 2023	Listed / Active	BRIDGE

32% of nearby similar homes sold for over asking price

Similar homes that sold in bidding wars went $13k above asking price on average, but some went as high as $36k over asking price.

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This house located in North Riverside, Riverside, CA 92501 is currently for sale for $724,000. 4850 Palo Verde Lane is a 1,835 square foot house with 3 beds and 3 baths that has been on Estately for 8 days. 4850 Palo Verde Lane is in the North Riverside neighborhood of Riverside and has a WalkScore® of 32, making it car-dependent. This house is in the attendance area of Magnolia Elementary School, Poly High School, and Central Middle School.

Listing Courtesy of: CRMLS_CA and NEST REAL ESTATE. Based on information from California Regional Multiple Listing Service, Inc. as of 10:03 on Feb 08.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.