16039 Palomino, Moreno Valley, California 92551, Moreno Valley, 92551 - 4 bed, 3 bath
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Moreno Valley, California 92551
This Lakefront Residential Property is listed at $659,888, reflecting a premium for its rare position within the desirable Moreno Valley Ranch Community. While the $596,014 Fair Market Value aligns with standard neighborhood averages, the home’s Lakefront Views and Condition Rating of 4 offer unique lifestyle value. Featuring a main-level bedroom and proximity to Moreno Valley Community College, the layout provides exceptional versatility. This well-maintained residence is the perfect fit for medical professionals or growing families seeking a serene, move-in-ready sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 16039 Palomino Subject | $659,888* List Price | 4 | 3 | 2,572 | $230 | - |
A 16072 Palomino Sold | $570,000 | 4 | 2 | 1,860 | $306 | 0.1 mi |
B 25930 Calle Fuego Sold | $615,000 | 5 | 3 | 2,641 | $233 | 0.3 mi |
C 15726 Carmel Verde Lane Sold | $610,000 | 6 | 3 | 2,492 | $245 | 0.6 mi |
D 25665 Horado Lane Sold | $590,000 | 5 | 3 | 2,492 | $237 | 0.5 mi |
E 25944 Harriet Avenue Sold | $520,000 | 4 | 2 | 1,622 | $321 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 2002 and offered by the original owners, the property is well-maintained but retains its original finishes. The kitchen and bathrooms feature 2002-era styling, including dated appliances and builder-grade fixtures. While the home is clean and functional, it lacks the modern renovations required for a higher rating and shows typical signs of age for a 22-year-old residence.
The property is exceptionally located within a 7-minute walk to Moreno Valley Community College and a 10-minute drive to Riverside Medical School, offering high appeal for medical professionals, students, and investors.
Featuring a rare main-level bedroom and full bath plus a spacious upstairs loft, the floor plan provides excellent flexibility for multi-generational living, guests, or a dedicated home office.
Situated in the desirable Moreno Valley Ranch, the home offers serene lakefront and sunset views, a high-value feature that enhances the overall tranquility and desirability of the residence.
Offered for the first time by the original owners, the interior likely retains 2002-era finishes, which may require additional capital investment for modern cosmetic upgrades to compete with newer builds.
The property is subject to Moreno Valley Ranch association rules and monthly fees, which may impose restrictions on exterior modifications and add to the monthly carrying costs for the owner.
Welcome to the highly desirable Moreno Valley Ranch Community. Offered for the first time, this beautifully maintained 4-bedroom, 3-bath home presents a rare opportunity to make it your own. Designed with flexibility in mind, the main-level bedroom and full bath are ideal for multi-generational living, guests, or a private home office. Step inside to soaring ceilings and abundant natural light that create a warm, open atmosphere throughout the living spaces. The open-concept kitchen flows seamlessly into the living area, making it perfect for entertaining, hosting holidays, or simply enjoying everyday moments while staying connected with family and friends. Upstairs, a spacious loft offers endless possibilities for a media room, game space, or additional living area tailored to your needs. The generous primary suite provides a peaceful retreat, complete with walk-in closets and plenty of room to relax. Enjoy serene lakefront views, quiet mornings by the water, and beautiful sunset evenings. Ideally located just a 7-minute walk to Moreno Valley Community College and only a 10-minute drive to Riverside Medical School and Hospital, this home offers exceptional convenience for students, medical professionals, and investors alike. This home offers space, versatility, and a lifestyle you won’t want to miss. Schedule your private showing and imagine the possibilities.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,572 | 1,851 | 83% |
| Lot Size | 8,712 | 6,534 | 89% |
| Price | $659.9K | $545.0K | 91% |
| Price per sq ft | $257 | $315 | 26% |
| Built year | 2002 | 1990 | 63% |
| HOA | $75.0 | $0 | 75% |
| Days on market | 58 | 174 | 3% |
Feb 23, 2026
$659,888
Initial Listing
Nov 4, 2002
$223,000
Public Record