16039 Palomino, Moreno Valley, California 92551, Moreno Valley, 92551 - 4 bed, 3 bath
16039 Palomino
Moreno Valley, California 92551
Property Price
SUMMARY
Analysis of 16039 Palomino, Moreno Valley, California 92551 reveals a property with a current list price of $659,888, which is 10% above the estimated $596,014 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Moreno Valley Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
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 | $232 | - |
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 16290 Via Ultimo Sold | $575,000 | 4 | 3 | 2,363 | $243 | 0.3 mi |
D 25944 Harriet Avenue Sold | $520,000 | 4 | 2 | 1,622 | $321 | 1.0 mi |
E 25665 Horado Lane Sold | $590,000 | 5 | 3 | 2,492 | $237 | 0.5 mi |
F 25563 Ranchita Circle Pending | $536,420 List Price | 4 | 3 | 1,936 | $277 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
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.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location for Professionals
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.
- Versatile Multi-Generational Layout
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.
- Premium Lakefront Views
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.
CONSRISKS & DEFICIENCIES
- Original 2002 Condition
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.
- HOA Constraints
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.
About 16039 Palomino
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.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2002
- Lot Size
- 8,712 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $75.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,572 | 1,855 | 82% |
| Lot Size | 8,712 | 6,534 | 91% |
| Price | $659.9K | $545.0K | 92% |
| Price per sq ft | $257 | $301 | 28% |
| Built year | 2002 | 1990 | 64% |
| HOA | $75.0 | $0 | 76% |
| Days on market | 12 | 178 | 1% |
Pricing History
Listed for Sale
Feb 23, 2026
$659,888
Initial Listing
Sold
Nov 4, 2002
$223,000
Public Record