
Moreno Valley, California 92551
This Spacious Modern Condominium is a Prime Investment Opportunity, listed at $395,000—positioned well below the $407,772 Fair Market Value by 3%. This valuation gap offers $12,772 in Instant Equity for the buyer. The property maintains a Good Condition Rating, featuring a Granite Kitchen, stainless steel appliances, and a generous 1,644 square foot layout. Situated in the Val Verde district with a pleasant Courtyard View, this 2007-built home balances lifestyle comfort with financial upside. It is perfectly suited for first-time buyers or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 15611 Lasselle Street 21 Subject | $395,000* List Price | 3 | 3 | 1,644 | $248 | - |
A 25820 Iris Avenue C Sold | $409,000 | 3 | 3 | 1,597 | $256 | 0.2 mi |
B 15661 Lasselle St 84 Sold | $390,000 | 3 | 3 | 1,599 | $244 | 0.1 mi |
C 25840 Iris Avenue B Sold | $389,900 | 2 | 3 | 1,444 | $270 | 0.2 mi |
D 15982 Lasselle 2 Sold | $449,000 | 3 | 3 | 1,674 | $268 | 0.5 mi |
E 25796 Iris A Sold | $350,000 | 2 | 2 | 1,140 | $307 | 0.3 mi |
F 15952 Lasselle Street 1 Sold | $450,000 | 3 | 4 | 1,973 | $228 | 0.5 mi |
G 15637 15637 Lasselle Street 99 Active Under Contract | $415,000 List Price | 3 | 3 | 1,599 | $260 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2007, this property is move-in ready and falls within the 10-20 year age bracket for a 'good' rating. The kitchen is well-maintained with granite countertops and stainless steel appliances. The interior features a mix of tile and carpet, recessed lighting, and functional bathrooms. While it lacks a recent full renovation to qualify as 'excellent,' it shows minimal wear and tear and requires no immediate repairs.
Built in 2007, this property features contemporary building standards and a more modern architectural layout compared to older inventory in the Moreno Valley area.
With 1,644 square feet of living space, this three-bedroom condominium offers a generous floor plan that provides ample room for families or a home office setup.
Listed at $395,000, the property represents a strong value proposition for a move-in ready 3-bedroom, 3-bathroom home in the Southern California market.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1644, other record living area = 1599.
The $347 monthly HOA fee is a significant recurring cost that buyers must factor into their debt-to-income ratio and overall monthly housing budget.
With a lot size of only 871 square feet, the property offers very little private outdoor area, which may be a disadvantage for buyers with pets or those desiring a garden.
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,644 | 1,644 | 50% |
| Lot Size | 871 | 435.6 | 55% |
| Price | $395.0K | $409.0K | 45% |
| Price per sq ft | $240 | $256 | 27% |
| Built year | 2007 | 2008 | 45% |
| HOA | $347.0 | $312 | 64% |
| Days on market | 40 | 188 | 9% |
Mar 13, 2026
$395,000
Initial Listing
Jun 11, 2015
$155,000
Public Record
Mar 30, 2007
$319,500
Public Record