15388 Paseo Carmel, Moreno Valley, California 92551, Moreno Valley, 92551 - 3 bed, 2 bath
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15388 Paseo Carmel
Moreno Valley, California 92551
ACTIVE
CONDITION: GOOD
3Beds
2Baths
1,468Sq Ft
7,405Lot Size
Property Price
LIST PRICE$499,999
EST. MARKET VALUE
$533,333
6% BelowMARKET VALUE
SUMMARY
This Single Family Residence is a Strong Value Opportunity, listed at $499,999—positioned well below the $533,334 Fair Market Value by 6%. This valuation gap offers $33,335 in Instant Equity for the buyer. Featuring a Condition Rating of 3, the home includes a remodeled granite kitchen and Andersen dual-pane windows. With a large 7,405-square-foot lot and no HOA, this property provides significant lifestyle flexibility. It is an ideal acquisition for Owner-Occupants seeking long-term value or first-time buyers prioritizing a move-in ready home.
Estimated Market Value
$533,333+$33,334 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Moreno Valley.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 15388 Paseo Carmel Subject | $499,999* List Price | 3 | 2 | 1,468 | $363 | - |
A 25900 Calle Familia Sold | $520,000 | 3 | 2 | 1,468 | $354 | 0.1 mi |
B 15565 Isleta Sold | $535,000 | 3 | 2 | 1,358 | $394 | 0.2 mi |
C 15705 Navaja Circle Sold | $545,000 | 4 | 2 | 1,553 | $351 | 0.4 mi |
D 15210 Patricia Sold | $525,000 | 4 | 2 | 1,220 | $430 | 0.5 mi |
E 25970 Jumano Sold | $617,000 | 4 | 3 | 1,904 | $324 | 0.2 mi |
F 25761 Calle Agua Sold | $540,000 | 3 | 2 | 1,797 | $301 | 1.0 mi |
G 24859 Mattus Way Sold | $605,000 | 3 | 3 | 1,710 | $354 | 0.9 mi |
H 15118 Jacquetta Active | $534,999 List Price | 3 | 2 | 1,265 | $423 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Built in 1986 but features a remodeled kitchen with granite countertops and wood cabinetry, updated bathrooms, and high-quality Andersen dual-pane windows. The property is well-maintained, move-in ready, and includes functional central HVAC systems.
PROSSTRENGTHS & OPPORTUNITIES
- Modern Kitchen & Upgrades
The home features a remodeled kitchen with granite countertops and wood cabinetry, complemented by high-quality dual-pane Andersen windows for improved energy efficiency.
- Expansive Lot & RV Parking
A generous 7,405-square-foot lot provides ample outdoor space and a large driveway suitable for boat or RV storage, offering rare flexibility for homeowners.
- No HOA & Prime Location
The absence of HOA fees reduces monthly carrying costs, while the proximity to schools, trails, and shopping enhances daily convenience and lifestyle appeal.
CONSRISKS & DEFICIENCIES
- Compact Living Area
At 1,468 square feet, the interior living space may feel somewhat constrained for a three-bedroom layout compared to newer developments in the area.
- Aging Infrastructure
Built in 1986, the property may require ongoing maintenance or updates to major systems that were not part of the recent cosmetic renovations.
About 15388 Paseo Carmel
Welcome to 15388 Paseo Carmel, a beautifully updated two-story home in Moreno Valley offering 3 bedrooms, 2 bathrooms, and 1,468 square feet of comfortable living space. Situated on a generous 7,405-square-foot lot, this home combines thoughtful updates with a functional floor plan and plenty of outdoor potential. Step inside to find a welcoming family room featuring a fireplace and an inviting connection to the remodeled kitchen, complete with granite countertops and handsome wood cabinetry. The floor plan offers two bedrooms and a full bathroom on the main level, while the upstairs is dedicated to a spacious primary suite with its own en-suite bathroom. Additional features include central heating and air conditioning, multiple ceiling fans, dual-pane Andersen windows, laminate flooring in both bathrooms, and a two-car attached garage with direct access. The spacious driveway provides additional room for parking and potential boat or RV storage. The sizable lot offers endless possibilities for creating your ideal outdoor space. With no HOA and a convenient location near shopping, restaurants, schools, trails, public transportation, and everyday amenities, this home offers an excellent combination of comfort, functionality, and convenience. Don’t miss the opportunity to make 15388 Paseo Carmel your new home! ***More Pictures Coming soon***
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1986
- Lot Size
- 7,405 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,468 | 1,792.434 |
| Lot Size | 7,405 | 7,133.965 |
| Price | $500.0K | $554.8K |
| Price per sq ft | $341 | $320 |
| Built year | 1986 | 1989 |
| HOA | $0 | $128 |
| Days on market | 3 | 59 |
Pricing History
Listed for Sale
Sep 6, 2026
$499,999
Initial Listing
Sold
Nov 8, 2018
$311,000
Public Record