15978 Wedow Drive, Moreno Valley, California 92551, Moreno Valley, 92551 - 3 bed, 3 bath
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Moreno Valley, California 92551
This Single Family Residence presents a Strong Value Opportunity, listed at $495,000—positioned well below the $498,200 Fair Market Value by 0.64%. This valuation gap offers $3,200 in Instant Equity. With a Fair Condition Rating, the property features a large 7,405 sqft lot, an enclosed patio, and no HOA fees. While the interior requires cosmetic modernization, the prime location near Moreno Valley College and major transit routes ensures long-term stability. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a value-add project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 15978 Wedow Drive Subject | $495,000* List Price | 3 | 3 | 1,567 | $318 | - |
A 16151 Nippet Lane Sold | $530,000 | 3 | 2 | 1,329 | $399 | 0.3 mi |
B 16413 Saddlebrook Lane Sold | $490,000 | 3 | 3 | 1,507 | $325 | 0.4 mi |
C 24341 Carman Sold | $495,000 | 3 | 3 | 1,587 | $312 | 0.9 mi |
D 16288 Saddlebrook Sold | $535,000 | 3 | 3 | 1,507 | $355 | 0.3 mi |
E 15791 Ninya Sold | $460,000 | 4 | 3 | 1,954 | $235 | 0.3 mi |
F 16398 Heather Glen Sold | $555,000 | 3 | 3 | 1,711 | $324 | 0.4 mi |
G 16800 Lake Victoria Pending | $450,000 List Price | 3 | 2 | 1,212 | $371 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1986 (40 years old), the property is dated and fits the >20y criteria. While the listing mentions a new fence and enclosed patio, there is no indication of modern updates to the kitchen, bathrooms, or major systems (HVAC/Electric). The exterior shows visible driveway cracking and original 1980s aesthetics, suggesting the home is move-in ready but requires cosmetic modernization and minor repairs.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7405, living area = 1567.
The property features no HOA fees and a low tax rate, significantly reducing monthly ownership costs and increasing long-term affordability for potential buyers.
Situated on a generous 7,405 sqft lot, the home includes a large backyard with a new fence, various fruit trees, and a spacious enclosed patio perfect for outdoor living.
Built in 1986 with no mention of recent interior renovations, the property may require cosmetic updates or system upgrades to meet modern aesthetic standards.
At 1,567 square feet for a two-story three-bedroom home, the interior layout may feel somewhat restrictive for families seeking more expansive living or storage space.
This is a 3BR and 2.5BTH two story home located in a nice area of south Moreno Valley. NO HOA, LOW TAX rate. House is close to Perris Blvd and Iris. Near to Moreno Valley College, Hospitals, freeways, shopping centers, schools and more. This house offers a nice and big enclosed patio, big back yard, new fence, many fruit trees. Call or text for a private showing.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 48% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,567 | 1,622 | 42% |
| Lot Size | 7,405 | 6,098 | 63% |
| Price | $495.0K | $535.0K | 27% |
| Price per sq ft | $316 | $321 | 46% |
| Built year | 1986 | 1989 | 30% |
| HOA | $0 | $0 | 50% |
| Days on market | 28 | 158 | 4% |
May 9, 2026
$495,000
Initial Listing