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16064 Palo Blanco Street, Moreno Valley, California 92551, Moreno Valley, 92551 - 4 bed, 3 bath

16064 Palo Blanco Street, Moreno Valley, California 92551 home-pic-0
ACTIVE$539,999
16064 Palo Blanco Street, Moreno Valley, California 92551
4Beds
3Baths
1,869Sqft
2,178Lot

Price Vs. Estimate

The estimated value ($517,777.165) is $22,221.835 (4%) lower than the list price ($539,999). This property may be overpriced.

Key pros and cons

Top Pros:
Brand New Construction: Built in 2024, this home offers modern design, new systems, and minimal immediate maintenance concerns for a new owner.
Top Cons:
Low Available Lot Utilization: The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 2178, living area = 1869.

Compared to the nearby listings

Price:$540.0K vs avg $530.0K (+$9,999)50%
Size:1,869 sqft vs avg 1,851 sqft52%
Price/sqft:$289 vs avg $29945%

More Insights

Built in 2024 (1 years old).
Condition: This property was built in 2024, making it brand new construction. The listing explicitly mentions almost $25,000 in upgrades, including a premier electrical package, shaker cabinets, quartz countertops, and upgraded carpet and wood laminate flooring. The images confirm a modern aesthetic with new stainless steel appliances in the kitchen, contemporary shaker cabinets, and pristine quartz countertops. Bathrooms are described as 'spa-inspired' and appear new and luxurious in the images. All systems, including cooling/heating and electrical, are new and highly energy-efficient, as indicated by the DOE Energy Ready and Indoor airPLUS certifications. There is no deferred maintenance or physical depreciation, aligning perfectly with the 'Excellent' condition criteria.
Year Built
2024
Close
-
List price
$540K
Original List price
$550K
Price/Sqft
$289
HOA
$178
Days on market
-
Sold On
-
MLS number
IV25132081
Home ConditionExcellent
Features
ViewNeighborhood

About this home

Built in 2024, this new home has been beautifully maintained and is ready for a new owner. This home features almost $25,000 in upgrades including a premier electrical package, shaker cabinets, quartz countertops as well as upgraded carpet and wood laminate flooring. Additionally, this home has a $10,000 lot premium. Step inside to an inviting open-concept layout featuring a cozy great room, a stylish dining area, and a well-appointed kitchen—ideal for everyday living or hosting gatherings. The first floor also includes a convenient laundry room, powder room and thoughtful design touches to accommodate your lifestyle and furniture. Upstairs, enjoy a spacious primary suite with a luxurious spa-inspired bathroom and an expansive walk-in closet. Three additional bedrooms and a versatile loft space offer ample room for family, guests, or a home office. Discover the perfect blend of modern comfort and energy-smart living in this beautifully designed two-story home by Beazer Homes, the nation's leading builder of DOE Energy Ready Homes. Certified by the U.S. Department of Energy, this home is built to be 40–50% more energy-efficient than the average new construction—resulting in an estimated monthly energy bill of just $38! What truly sets this home apart is its Indoor airPLUS certification, featuring an advanced air filtration system that helps reduce dust, mold, and allergens—promoting a healthier indoor environment for you and your loved ones. Don’t miss your chance to own a smart, stylish, and health-forward home in Moreno Valley’s gated Iris Park community!

Condition Rating
Excellent
This property was built in 2024, making it brand new construction. The listing explicitly mentions almost $25,000 in upgrades, including a premier electrical package, shaker cabinets, quartz countertops, and upgraded carpet and wood laminate flooring. The images confirm a modern aesthetic with new stainless steel appliances in the kitchen, contemporary shaker cabinets, and pristine quartz countertops. Bathrooms are described as 'spa-inspired' and appear new and luxurious in the images. All systems, including cooling/heating and electrical, are new and highly energy-efficient, as indicated by the DOE Energy Ready and Indoor airPLUS certifications. There is no deferred maintenance or physical depreciation, aligning perfectly with the 'Excellent' condition criteria.
Pros & Cons

Pros

Brand New Construction: Built in 2024, this home offers modern design, new systems, and minimal immediate maintenance concerns for a new owner.
Extensive Builder Upgrades: Features nearly $25,000 in upgrades including a premier electrical package, shaker cabinets, quartz countertops, and upgraded flooring, enhancing aesthetic and functional value.
Exceptional Energy Efficiency: Certified as a DOE Energy Ready Home, it is 40-50% more energy-efficient than average new construction, resulting in estimated monthly energy bills of just $38.
Health-Focused Indoor Environment: Indoor airPLUS certified with an advanced air filtration system, designed to reduce dust, mold, and allergens for a healthier living space.
Gated Community & Modern Layout: Located within the secure Iris Park gated community, featuring an inviting open-concept layout, a spacious primary suite, and a versatile loft space.

Cons

Low Available Lot Utilization: The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 2178, living area = 1869.
Recent Price Reductions: Multiple price drops from the original list price indicate potential market resistance or initial overpricing, which could impact perceived value.
Limited Lot Size: The lot size of 2,178 sqft is relatively small for a single-family residence, offering minimal outdoor space for recreation or landscaping.
Monthly Association Fees: A recurring monthly association fee of $178 adds to the cost of homeownership, which may be a consideration for some buyers.

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