new - 1 day on rocket

4554 Merrill Ave, Riverside, CA, 92506

$475,000

Home List Price

$5,641*

Closing Credit

1 Bedroom
1 Full Bath
396 SqFt
$1,199/SqFt
House

Location

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4554 Merrill Ave, Riverside$475,000

Buyer Closing Credits

$5,641*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
Year Built1944
HeatingCentral
CoolingCentral Air
FireplaceNone
ViewNone
MLS #IV25005958
Lot Size0.15 Acres
StatusActive

About 4554 Merrill Ave

This charming 1-bedroom, 1-bath home has been completely remodeled in 2023, offering modern comfort in a compact 396-square-foot space. Nestled on a sizable lot in the heart of Riverside, this property features a brand-new kitchen, bathroom, roof, windows, electrical wiring, plumbing, and HVAC system. Additional upgrades include a new driveway and fencing, making this home move-in ready. What truly sets this property apart is its potential. With two permitted easements, it’s an investor’s dream—the lot is ready for a new main house build on the front of the property, where the original home once stood. Located near major freeways, shopping, dining, and entertainment, this property offers an unbeatable combination of convenience and opportunity. Whether you're looking for a starter home, a rental property, or a prime development opportunity, this one checks all the boxes!

Property Details

Property Features

Property Information:

  • Year Built: 1944
  • Stories: 1
  • Living Area: 396 SqFt

Listing Office:

  • Office Name: EXP REALTY OF CALIFORNIA INC
  • Office Phone: (951) 389-5551
  • Listing Agent: ADAM SCHWARZ

Interior Features

Interior Information:

  • Appliances: Microwave, Refrigerator, Dryer, Washer
  • Interior: Recessed Lighting
  • Fireplace: None

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 1

Exterior Features

Exterior Information:

  • Private Pool: No
  • View: None

Lot Features

Lot Information:

  • Lot Size: 0.15 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Other

Directions Information:

  • Directions: Central to Palm to Merrill

Price Information

Listing Price Info

Price Summary:

  • List Price: $475,000
  • Price Per SqFt: $1,199/SqFt

Tax Information:

  • Annual Amount: $329
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Riverside, CA.

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Riverside, CA

City

Med. Sold Price

$655.9K

Med. Price/SqFt

$377

Avg. Days On Market

46

# of Sold Homes

159

4554 Merrill Ave vs Riverside

1 DAY ON ROCKET

-45 Days

$475,000

-$180.9K Less

$1,199/SqFt

+$821 More

KEY TAKEAWAY

This property is $180.9K less than the Median Sold Price and $821/SqFt more than other homes in Riverside, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #IV25005958

Listing Office:

  • Office Name: EXP REALTY OF CALIFORNIA INC
  • Office Phone: (951) 389-5551
  • Listing Agent: ADAM SCHWARZ

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/11/2025, 10:20:59 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$329$22,065
2020$328$21,839
2018$318$20,993
2017$299$20,582

History based on county public records data.

Payment Calculator

$2,438

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,491

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-2002705
6
/10

  • Magnolia Elementary School

  • 3975 Maplewood Pl

  • 0.74 miles

  • Public District Grades KG-6

school-card-donut-2002706
6
/10

  • Pachappa Elementary School

  • 6200 Riverside Ave

  • 0.88 miles

  • Public District Grades KG-6

school-card-donut-2002707
5
/10

  • Mountain View Elementary School

  • 6180 Streeter Ave

  • 0.93 miles

  • Public District Grades KG-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $69,485. Typical income of Riverside, CA residents is between $35k-100k annually. The most common type of family is single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 4554 Merrill Ave

What is the listing price of this property?

The listing price of 4554 Merrill Ave property is $475,000.

What type of property is this?

The property 4554 Merrill Ave is a house located in Riverside, California, 92506.

Is this property for sale now?

Active Listing: 4554 Merrill Ave is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $329 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 4554 Merrill Ave has 1 bedroom and 1 bathroom.

What is the square footage of this property?

The property 4554 Merrill Ave is 396 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 4554 Merrill Ave is 1944.

Rocket Homes›California›Riverside County›Riverside›92506›4554 Merrill Ave

This home is located at 4554 Merrill Ave in Riverside, CA and zip code 92506 in the Magnolia Center neighborhood. This 396 square foot home, which was built in 1944, sits on a 0.15 acre lot. Features: 1 bedroom, 1 bathroom. It has been listed on Rocket Homes since January 10, 2025 and is currently priced at $475,000.

While more than 68 listings in Riverside, CA in December 2024 were sold above asking price, there were more than 35 listings sold at asking price, and more than 56 were sold below. The inventory of homes for sale in Riverside, CA between November 2024 and December 2024 decreased by 10.7%. In December 2024, listings were on the market for 46 days. During the same period, the median list price in this real estate market was $655,980.

From Rocket Homes Real Estate and based on county public records data.

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