14717 Rio Hondo Drive, Moreno Valley, California 92553, Moreno Valley, 92553 - 3 bed, 2 bath
ACTIVE$520,000
14717 Rio Hondo Drive, Moreno Valley, California 92553
3Beds
2Baths
1,277Sqft
10,019Lot
Year Built
1984
Close
-
List price
$520K
Original List price
$530K
Price/Sqft
$407
HOA
-
Days on market
-
Sold On
-
MLS number
IV25065936
Home ConditionGood
Features
Patio
View-
About this home
Possibly Over-Priced:The estimated price is 51% below the list price. We found 3 Cons,6 Pros. Rank: price - $520.0K(51th), sqft - 1277(36th), beds - 3(50th), baths - 2(50th).
Come take a look at this beautifully remodeled home that is conveniently located by the best shopping centers of Moreno Valley. This home offers a cozy and comfortable environment for your family, including a spacious backyard with a beautiful porch for any outdoor activities. Don't miss your opportunity with this ready-to-move-in home that is in perfect condition. This lot size of 10,018 sqft. offers the opportunity of building an additional unit for your needs.
Condition Rating
Good
The property, built in 1984, is described as 'beautifully remodeled' and 'in perfect condition,' indicating it is move-in ready with no immediate renovations required. The bathrooms have been recently updated with modern vanities and tiling, aligning with the 'extensively renovated within 5 to 15 years' aspect for some components. However, the kitchen, while clean and functional, features dated wood cabinets, patterned tile flooring, and backsplash, which do not meet current quality standards for a full recent renovation. The living area also has an older style ceiling fan. Despite the dated kitchen aesthetic, the overall condition appears well-maintained, and the updated bathrooms contribute positively, placing it in the 'Good' category rather than 'Excellent' due to the kitchen, and not 'Fair' as it's presented as 'perfect condition' and move-in ready.
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 = 10019, living area = 1277.
Recent Remodel & Move-in Ready: The home is described as 'beautifully remodeled' and 'in perfect condition,' offering a 'ready-to-move-in' experience for prospective buyers.
Convenient Location: The property is 'conveniently located by the best shopping centers of Moreno Valley,' providing easy access to amenities and services.
Generous Lot Size: A substantial 10,019 sqft lot provides ample outdoor space, offering potential for various uses and enhanced privacy.
ADU Potential: The large lot explicitly offers 'the opportunity of building an additional unit,' which can add significant value or income potential.
Spacious Backyard with Porch: Features a 'spacious backyard with a beautiful porch for any outdoor activities,' ideal for outdoor living and entertaining.
Cons
Significant Valuation Discrepancy: The listing price of $520,000 is considerably higher than the estimated value of $252,747, suggesting potential overpricing or a need for a detailed appraisal to justify the asking price.
Older Construction Year: Built in 1984, the property is 40 years old, which may raise concerns about the condition of original systems (e.g., plumbing, electrical) not explicitly covered by the remodel.
Unspecified Cooling System: The property description does not mention the presence of a cooling system (e.g., central air conditioning), which is a critical feature for comfort in Moreno Valley's climate.