13784 Red Mahogany Drive, Moreno Valley, California 92553, Moreno Valley, 92553 - 2 bed, 1 bath
ACTIVE$478,900
13784 Red Mahogany Drive, Moreno Valley, California 92553
2Beds
1Bath
906Sqft
5,227Lot
Price Vs. Estimate
The estimated value ($242,951.275) is $235,948.725 (49%) lower than the list price ($478,900). This property may be overpriced.
Key pros and cons
Top Pros:
Targeted Market Appeal: Explicitly marketed as ideal for first-time home buyers, which can attract a specific segment of the market looking for an entry-level home.
Top Cons:
Significant Overpricing Relative to Estimated Value: The listing price of $478,900 is substantially higher than the property's estimated value of $242,951.27, indicating a potential valuation mismatch that could deter buyers.
Compared to the nearby listings
Price:$478.9K vs avg $516.0K ($-37,100)24%
Size:906 sqft vs avg 1,346 sqft4%
Price/sqft:$529 vs avg $36799%
More Insights
Built in 1985 (40 years old).
Condition: Built in 1985, this property is 39 years old. While it benefits from practical updates such as double-pane windows, new shutters, ceiling fans, and a newer water heater, the visible bathroom is significantly outdated in terms of style, featuring an older vanity, light fixtures, and tile flooring. The absence of central air conditioning is also a notable drawback. Although the description states it's 'ready for a new family,' the property's core aesthetic elements, particularly the bathroom (and likely the kitchen, for which no images are provided), show their age and would require cosmetic updates to meet current standards and preferences.
Year Built
1985
Close
-
List price
$479K
Original List price
$485K
Price/Sqft
$529
HOA
-
Days on market
-
Sold On
-
MLS number
PW24173936
Home ConditionFair
Features
Patio
View-
About this home
First time home buyer featuring 2 Bedrooms 1 Bath in Moreno Valley, nice size living room with fire place, property has high ceiling, two car garage with plenty space on the driveway and can fit up to 4 cars and enough space for an RV access, double pane windows throughout the house and new shutters, ceiling fan on each room, newer water heater, the house is a corner lot. The back yard is perfect for a barbecue and family reunion. ready for a new family
Condition Rating
Fair
Built in 1985, this property is 39 years old. While it benefits from practical updates such as double-pane windows, new shutters, ceiling fans, and a newer water heater, the visible bathroom is significantly outdated in terms of style, featuring an older vanity, light fixtures, and tile flooring. The absence of central air conditioning is also a notable drawback. Although the description states it's 'ready for a new family,' the property's core aesthetic elements, particularly the bathroom (and likely the kitchen, for which no images are provided), show their age and would require cosmetic updates to meet current standards and preferences.
Pros & Cons
Pros
Targeted Market Appeal: Explicitly marketed as ideal for first-time home buyers, which can attract a specific segment of the market looking for an entry-level home.
Ample Parking & RV Access: Features a two-car garage, driveway space for up to four cars, and dedicated RV access, offering significant utility and convenience for vehicles.
Recent Practical Upgrades: Includes double-pane windows, new shutters, ceiling fans in every room, and a newer water heater, enhancing comfort and energy efficiency.
Desirable Corner Lot & Backyard: Positioned on a corner lot, providing more space and privacy, with a backyard described as perfect for barbecues and family reunions.
Interior Architectural Features: High ceilings and a fireplace in the living room add character and a cozy ambiance to the main living space.
Cons
Significant Overpricing Relative to Estimated Value: The listing price of $478,900 is substantially higher than the property's estimated value of $242,951.27, indicating a potential valuation mismatch that could deter buyers.
Absence of Central Air Conditioning: Despite ceiling fans, the lack of central A/C is a notable disadvantage, especially in the Moreno Valley climate, and is present in some comparable properties.
Limited Living Space & Bedroom/Bathroom Count: With only 906 sqft, 2 bedrooms, and 1 bathroom, the property offers less space and fewer amenities compared to some similarly priced or slightly higher-priced comparables that feature 3 bedrooms and 2 bathrooms.