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5280 Melbourne, Riverside, California 92508, Riverside, 92508 - 3 bed, 3 bath

5280 Melbourne, Riverside, California 92508 home-pic-0
ACTIVE$600,000
5280 Melbourne, Riverside, California 92508
3Beds
3Baths
1,619Sqft
4,792Lot
Year Built
1996
Close
-
List price
$600K
Original List price
$600K
Price/Sqft
$371
HOA
$126
Days on market
-
Sold On
-
MLS number
IG25222327
Home ConditionGood
Features
Patio
ViewNeighborhood

About this home

We found 3 Cons,5 Pros. Rank: price - $600.0K(6th), sqft - 1619(13th), beds - 3(23th), baths - 3(50th).

Welcome to Stonegate, one of Riverside's most desirable gated communities! This beautifully maintained 3-bedroom + loft, 2.5-bathroom home offers the perfect blend of comfort, style, and convenience. Step inside to soaring high ceilings that create a bright and airy atmosphere. The spacious family room features a cozy fireplace, while the updated kitchen boasts quartz countertops, rich wood cabinetry, and plenty of storage. Upstairs, a versatile loft adds extra space for an office, playroom, or lounge. The home has been freshly painted and features laminate wood flooring throughout. Enjoy a private backyard with mature fruit trees ideal for relaxing or entertaining. This home includes an attached 2-car garage. Stonegate is known for its peaceful setting and beautifully maintained surroundings, all while being close to shopping, dining, parks, schools, and freeway access. Don't miss this rare opportunity to own a stunning home in a prime Riverside location!

Price History

Date
Event
Price
10/01/25
Listing
$600,000
Condition Rating
Good
The property, built in 1996, is well-maintained and move-in ready. It features recent cosmetic updates including fresh paint, laminate wood flooring throughout most living areas, and an updated kitchen with quartz countertops and stainless steel appliances. While the kitchen cabinets appear to be painted original units and the fluorescent lighting is dated, the overall kitchen functionality and aesthetic are good. The bathrooms are clean and functional but show signs of being stylistically outdated with older vanities and tile surrounds. These dated elements do not require immediate repair but would be candidates for future aesthetic upgrades. The property fits the 'Good' criteria as it is move-in ready with no immediate renovation required, and has undergone significant partial renovations within the last 5-15 years, even if not a full, comprehensive renovation.
Pros & Cons

Pros

Gated Community & Prime Location: The property is located in Stonegate, a desirable gated community known for its peaceful setting and well-maintained surroundings, offering convenient access to shopping, dining, parks, schools, and freeway access.
Updated Interior Features: The home boasts an updated kitchen with quartz countertops and rich wood cabinetry, complemented by fresh paint and laminate wood flooring throughout, providing a modern and appealing aesthetic.
Versatile Living Space: Featuring a 3-bedroom layout plus a versatile loft, the property offers flexible space ideal for an office, playroom, or lounge, enhanced by soaring high ceilings that create a bright and airy atmosphere.
Well-Maintained Condition: Described as 'beautifully maintained' and recently updated with fresh paint and new flooring, the home appears move-in ready, reducing immediate renovation needs for a buyer.
Attractive Outdoor Space & Value: Includes a private backyard with mature fruit trees, perfect for relaxation and entertaining, and is currently listed below its estimated market value, presenting a potential investment opportunity.

Cons

Ongoing HOA Fees: The property is subject to a monthly association fee of $126.0, which represents an additional recurring cost for the homeowner.
Lack of Specified Cooling System: While a fireplace is mentioned, the property description does not specify the presence of an air conditioning system, which could be a significant consideration for comfort during Riverside's warm months.
Standard Neighborhood View: The property offers a 'Neighborhood' view, which, while generally pleasant, does not provide a unique or premium scenic outlook that might differentiate it in the market.

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