12696 Hackberry, Moreno Valley, California 92553, Moreno Valley, 92553 - 3 bed, 3 bath
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Moreno Valley, California 92553
This property presents a High-Potential Investment Opportunity with a List Price of $525,000—positioned well below the $526,718 Fair Market Value by 0.33%. This valuation gap offers $1,718 in Instant Equity. Featuring a Condition Rating of 4, the home requires cosmetic updates, yet offers significant upside through its 40-panel solar system and expansive 7,841 sqft lot. With a primary suite fireplace and outdoor entertainment space, this asset is ideal for Buy-and-Hold Investors or first-time buyers seeking a value-add project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 12696 Hackberry Subject | $525,000* List Price | 3 | 3 | 1,796 | $293 | - |
A 25796 Sweetleaf Sold | $590,000 | 4 | 3 | 2,141 | $276 | 0.2 mi |
B 13569 Terra Bella Sold | $500,000 | 4 | 2 | 1,428 | $350 | 0.9 mi |
C 25333 Judith Pl Sold | $432,000 | 4 | 2 | 1,616 | $267 | 0.6 mi |
D 25888 Bartram Court Active Under Contract | $525,000 List Price | 3 | 3 | 1,592 | $330 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1986 (38 years old), the property is dated and requires 'TLC,' specifically mentioning that laminate flooring needs replacement. While the home features functional elements like a rock fireplace and solar systems, the listing's admission of 'digitally enhanced' photos and the need for a 'handyman' indicates it requires cosmetic updates and minor repairs to be move-in ready.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7841, living area = 1796.
The property features an extensive solar power system including 40 paid-off panels and three Tesla batteries, offering significant long-term utility savings and energy independence.
The backyard is optimized for hosting with a large covered patio, a built-in barbecue, and a custom tile bar, providing an ideal environment for outdoor living.
The home requires significant 'TLC' and immediate repairs, including the replacement of laminate flooring, which may necessitate additional upfront capital from the buyer.
Buyers must assume a $183 monthly lease for the secondary solar system and batteries, which adds a fixed recurring cost to the monthly mortgage commitment.
Great starter home with a little TLC. Home has tile flooring, kitchen, dining room and family room. Laminate flooring in the living room needs replacement. It has a great rock fireplace that takes up almost the entire wall of the family room. Stairs upper hall and bedrooms are carpeted. Primary Bedroom has fireplace, primary bath has separate bath and shower plus walk in closet. Patio cover in the back yard with a built-in barbeque and tile bar at the corner of patio. Great home for entertaining! Extra large 2 car garage for all your storage or hobby needs. Come take a look! Bring your handyman and your desires. There are 2 solar installations. One is 40 panels and will be paid off by owner, the second is 11 panels and 3 Tesla batteries which is a lease of $183 monthly to be assumed by the buyer. Photos have been digitally enhanced so you can imagine how it will look when you add your personal touches.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 1,796 | 1,782 |
| Lot Size | 7,841 | 6,970 |
| Price | $525.0K | $550.3K |
| Price per sq ft | $292 | $321 |
| Built year | 1986 | 1989 |
| HOA | $0 | $132 |
| Days on market | 4 | 58 |
Jul 18, 2026
$525,000
Initial Listing
Dec 30, 1993
$128,000
Public Record