12945 Gorham, Moreno Valley, California 92553, Moreno Valley, 92553 - 3 bed, 2 bath
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Moreno Valley, California 92553
This property presents a Strong Value Opportunity with a List Price of $550,000—positioned well below the $595,960 Fair Market Value by 7%. This valuation gap offers $45,960 in Instant Equity for buyers. Featuring a Fair Condition Rating (4/10), the home requires a pool rehab and cosmetic updates, yet offers a generous 1,855 sqft layout on a large 8,276 sqft lot. This is an ideal acquisition for Fix-and-Flip Investors or Owner-Occupants seeking to build value through strategic renovation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 12945 Gorham Subject | $550,000* List Price | 3 | 2 | 1,855 | $321 | - |
A 13094 Pavillion Court Sold | $550,000 | 4 | 2 | 1,793 | $307 | 0.2 mi |
B 13356 Bambi Court Sold | $505,000 | 3 | 2 | 1,543 | $327 | 0.5 mi |
C 13064 Sunlit Court Sold | $525,000 | 3 | 2 | 1,890 | $278 | 0.1 mi |
D 13013 Running Deer Sold | $532,000 | 3 | 2 | 1,543 | $345 | 0.3 mi |
E 13077 Bagatelle Sold | $577,000 | 4 | 2 | 1,844 | $313 | 0.5 mi |
F 13270 Larkhaven Drive Sold | $540,000 | 4 | 2 | 1,638 | $330 | 0.4 mi |
G 23670 Bay Avenue Sold | $495,000 | 3 | 2 | 1,374 | $360 | 0.8 mi |
H 13380 Bambi Court Sold | $540,000 | 3 | 2 | 1,412 | $382 | 0.5 mi |
I 12773 Softwind Active | $535,000 List Price | 3 | 2 | 1,523 | $351 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1982 (42 years old), the property is dated with popcorn ceilings and original-style bathrooms. While the kitchen has received some mid-life updates and the living areas are functional, the home requires repairs, most notably a non-functional pool that needs a complete rehab.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8276, living area = 1855.
With 1,855 square feet for a three-bedroom layout, the home offers a spacious interior footprint that exceeds the average for similar properties in the area.
The 8,276 square foot lot provides significant outdoor potential for landscaping, entertainment, or future expansions, offering more privacy and utility.
Built in 1982, the property may necessitate updates to its original systems or cosmetic finishes to meet modern buyer expectations and energy standards.
The property lacks any significant views, which may impact its competitive edge compared to other homes in the region that offer mountain or city light vistas.
Exceptional opportunity in Moreno Valley. This spacious residence offers a versatile layout ideal for modern living. Situated on a quiet street in a highly desirable area.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,855 | 1,782 |
| Lot Size | 8,276 | 6,970 |
| Price | $550.0K | $550.3K |
| Price per sq ft | $296 | $321 |
| Built year | 1982 | 1989 |
| HOA | $0 | $132 |
| Days on market | 8 | 58 |
Jul 14, 2026
$550,000
Initial Listing
Dec 27, 2016
$290,000
Public Record