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5220 Marengo Court, Riverside, California 92505, Riverside, 92505 - 3 bed, 2 bath

5220 Marengo Court, Riverside, California 92505 home-pic-0
ACTIVE$675,000
5220 Marengo Court, Riverside, California 92505
3Beds
2Baths
1,370Sqft
7,841Lot
Year Built
1962
Close
-
List price
$675K
Original List price
$699K
Price/Sqft
$493
HOA
-
Days on market
-
Sold On
-
MLS number
OC25176129
Home ConditionGood
Features
Good View: Mountain(s)
Spa
Patio
ViewMountain(s)

About this home

Possibly Over-Priced:The estimated price is 8% below the list price. We found 3 Cons,5 Pros. Rank: price - $675.0K(68th), sqft - 1370(39th), beds - 3(50th), baths - 2(50th).

Want $30,000 toward buying a home? Bring us an offer This home recently appraised for $675,000, with the appraiser noting potential for even higher value. The home went pending quickly, but previous buyers could not close due to no fault of the property or the sellers. This exceptional home is ready for the right family. On top of that, we're going to show you how to use a $20,000 grant program that can be applied to closing costs, down payment, or rate buydown grants DO NOT HAVE TO BE PAID BACK! Plus, we're giving you $10,000 in seller credit. And no PMI in your monthly payment. Let's show you what you really get: Welcome to 5220 Marengo Court a stunning 3-bed, 2-bath single-story residence on an oversized corner lot in a peaceful cul-de-sac. This turnkey home offers the sought-after La Sierra lifestyle with exceptional value for discerning buyers. Striking stamped concrete, stacked stone accents, mature landscaping, and custom double-door entry create immediate wow factor on this premium corner location. Elegant custom molding throughout. Spacious living room with decorative fireplace and French doors to backyard. Dining area features built-in bench seating perfect for family meals or home office. Completely remodeled kitchen with white cabinetry, stone countertops, stainless appliances, and modern lighting. Converted 2nd garage now serves as walk-in pantry plus versatile bonus room ideal for home office, playroom, gym. Two light-filled secondary bedrooms with detailed trim. Primary suite includes dual closets and en-suite with walk-in tiled shower. The hall bath offers sunken soaking tub and stylish vanity. The backyard is where you'll live: Expansive retreat featuring above-ground spa, tranquil koi pond with waterfall, peaked patio for entertaining, sunken seating area, mature fruit trees, and ample garden space. Minutes to La Sierra University, Galleria at Tyler, top schools, medical centers, dining and shopping. Easy freeway access to 91/15 and Metrolink for commuters throughout the Inland Empire and beyond. Low taxes, NO HOA, turnkey move-in ready condition. La Sierra offers family-friendly community atmosphere, strong market performance, and premium lifestyle. Homes in this desirable neighborhood move quickly — don't miss this rare opportunity!

Nearby schools

3/10
Valley View Elementary School
Public,•K-5•0.4mi
4/10
Twinhill Elementary School
Public,•K-5•0.7mi
3/10
Phillip M. Stokoe Elementary School
Public,•PK-5•1.1mi
4/10
Collett Elementary School
Public,•PK-5•1.4mi
2/10
La Granada Elementary School
Public,•PK-5•1.4mi
5/10
S. Christa Mcauliffe Elementary School
Public,•K-5•1.5mi
4/10
Myra Linn Elementary School
Public,•K-5•1.6mi
7/10
Promenade Elementary School
Public,•PK-5•2.1mi
4/10
Liberty Elementary School
Public,•PK-6•2.9mi
4/10
Loma Vista Middle School
Public,•6-8•1.5mi
3/10
Wells Middle School
Public,•6-8•1.8mi
5/10
Ysmael Villegas Middle School
Public,•6-8•2.7mi
6/10
Arizona Middle School
Public,•6-8•3.0mi
3/10
Chemawa Middle School
Public,•7-8•3.8mi
4/10
La Sierra High School
Public,•9-12•1.3mi
6/10
Hillcrest High School
Public,•9-12•2.4mi
4/10
Norte Vista High School
Public,•9-12•2.5mi
5/10
Arlington High School
Public,•9-12•4.1mi

Price History

Date
Event
Price
09/30/25
Price Change
$675,000+3.8%
08/26/25
Price Change
$650,000-7.0%
08/20/25
Listing
$699,000
Condition Rating
Good
Despite being built in 1962, this property has undergone significant and recent renovations, particularly in the kitchen and primary bathroom, which are key areas for condition assessment. The kitchen features modern white cabinetry, stone countertops, stainless steel appliances, and recessed lighting, appearing to be extensively remodeled within the last 5-15 years. The primary bathroom boasts a walk-in tiled shower and updated dual vanity. While the hall bath's tile work might suggest a slightly older renovation, it is still clean and functional. The home is described as 'turnkey move-in ready,' with well-maintained interiors (hardwood, tile, and carpet flooring in good condition) and an appealing exterior. It requires no immediate renovations, aligning well with the 'Good' condition criteria.
Pros & Cons

Pros

Exceptional Financial Incentives: The property offers significant buyer incentives, including a $20,000 non-repayable grant, $10,000 in seller credit, and no PMI, substantially reducing the overall cost of ownership.
Turnkey & Modernized Interior: The home is move-in ready with a completely remodeled kitchen, updated bathrooms, elegant custom molding, and a versatile bonus room (converted garage) suitable for various uses.
Luxurious Outdoor Oasis: An expansive backyard retreat features an above-ground spa, tranquil koi pond with waterfall, peaked patio for entertaining, sunken seating, mature fruit trees, and ample garden space.
Prime Corner Lot & Curb Appeal: Situated on an oversized corner lot in a peaceful cul-de-sac, the property boasts striking stamped concrete, stacked stone accents, mature landscaping, and a custom double-door entry, enhancing its curb appeal.
Convenient Location & Favorable Terms: Benefits from low taxes, no HOA, easy freeway access (91/15, Metrolink), and close proximity to La Sierra University, shopping, dining, and medical centers, offering a desirable lifestyle.

Cons

Age of Property: Built in 1962, the home is over 60 years old. While updated, potential buyers may have concerns regarding the age of underlying systems (e.g., plumbing, electrical, HVAC, roof) not explicitly mentioned as replaced.
Modest Interior Square Footage: At 1370 sqft for a 3-bedroom home, the interior living space might be considered compact for some families, potentially limiting long-term flexibility or appeal for those seeking larger living areas.
Listing Price vs. Automated Valuation: The current listing price is 4% higher than the automated property estimation value, which could lead to buyer scrutiny or appraisal challenges, despite the seller's claim of a recent appraisal at list price.

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