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11587 Triumph Lane, Moreno Valley, California 92557, Moreno Valley, 92557 - 2 bed, 2 bath

11587 Triumph Lane, Moreno Valley, California 92557 home-pic-0
ACTIVE$470,000
11587 Triumph Lane, Moreno Valley, California 92557
2Beds
2Baths
1,054Sqft
7,405Lot
Year Built
1983
Close
-
List price
$470K
Original List price
$500K
Price/Sqft
$446
HOA
-
Days on market
-
Sold On
-
MLS number
IG25090250
Home ConditionFair
Features
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 53% below the list price. We found 3 Cons,6 Pros. Rank: price - $470.0K(6th), sqft - 1054(5th), beds - 2(4th), baths - 2(40th).

Welcome to this well-maintained 2-bedroom, 2-bath home nestled in a beautiful Moreno Valley neighborhood. Though officially listed as a 2-bedroom, this home features an additional bathroom and enclosed patio space currently being used as a third bedroom—offering extra versatility for your living needs. Inside, you'll find a thoughtfully designed layout with spacious living areas, a functional kitchen, and plenty of natural light. Step outside to enjoy the large patio area, perfect for relaxing or entertaining. The property is situated on a well-kept lot with ample parking and room for outdoor activities. Conveniently located near shopping, dining, schools, and parks, this home is perfect for first-time buyers, small families, or those looking to downsize without sacrificing comfort. Don’t miss this opportunity to own a lovely home in one of Moreno Valley’s most desirable areas!

Condition Rating
Fair
The property, built in 1983, is over 40 years old. While described as 'well-maintained' and appearing clean in the images, the kitchen and bathrooms are significantly outdated. The kitchen features original or very old light wood cabinets, laminate countertops, older white appliances, and dated fluorescent lighting. Both bathrooms have older vanities, laminate countertops, and dated light fixtures. The flooring is a mix of older carpet and tile. The home is functional and appears to have been cared for, but it clearly requires substantial cosmetic updates to meet current standards, aligning with the 'Fair' category's description of an aged but maintained home where major components are functional but show signs of being outdated.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7405, living area = 1054.
Versatile Living Space: The enclosed patio space is currently utilized as a third bedroom, offering enhanced versatility and functional living options beyond the official 2-bedroom count.
Well-Maintained Condition: The property is explicitly described as 'well-maintained,' suggesting good upkeep and potentially reducing immediate repair or renovation needs for a buyer.
Prime Location: Conveniently located in a desirable Moreno Valley neighborhood, with easy access to shopping, dining, schools, and parks, enhancing its appeal to various buyer segments.
Generous Outdoor Space: Features a large patio area and a well-kept lot, providing ample space for outdoor activities, relaxation, and entertaining.
Broad Buyer Appeal: The home is marketed as ideal for first-time buyers, small families, or those looking to downsize, indicating a wide target audience.

Cons

Significant Valuation Discrepancy: The listing price of $470,000 is substantially higher than the estimated property value of $220,303.24 (an estimation ratio of -53%), indicating potential overpricing or a mismatch with current market valuations.
Unofficial Bedroom Conversion: The third 'bedroom' is an enclosed patio, which may not be officially permitted as a habitable space, potentially impacting appraisal, insurance, or future resale value.
Age of Property: Built in 1983, the home is over 40 years old. While well-maintained, it may have original systems (e.g., HVAC, plumbing, electrical) that could require significant updates or maintenance in the near future.

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