16623 Tarano, Moreno Valley, California 92551, Moreno Valley, 92551 - 5 bed, 3 bath
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16623 Tarano
Moreno Valley, California 92551
ACTIVE
CONDITION: GOOD
5Beds
3Baths
2,335Sq Ft
7,405Lot Size
Property Price
LIST PRICE$559,900
EST. MARKET VALUE
$577,246
3% BelowMARKET VALUE
SUMMARY
This Spacious 5-Bedroom Residence represents a Strong Value Opportunity, listed at $559,900—positioned well below the $577,247 Fair Market Value by 3%. This valuation gap offers $17,347 in Instant Equity for the buyer. Featuring a Good Condition Rating with recent flooring updates and a low-maintenance, fully cemented backyard, the home provides a functional, move-in-ready layout. Located within the Moreno Valley Unified school district, this property is an ideal acquisition for Owner-Occupants seeking space or first-time buyers prioritizing long-term value.
Estimated Market Value
$577,246+$17,346 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Moreno Valley.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 16623 Tarano Subject | $559,900* List Price | 5 | 3 | 2,335 | $247 | - |
A 16732 Tarano Ln Sold | $585,000 | 5 | 3 | 1,963 | $298 | 0.1 mi |
B 16553 Ava Street Sold | $593,990 | 4 | 2 | 2,194 | $271 | 0.1 mi |
C 24670 Moonlight Sold | $630,000 | 4 | 3 | 2,579 | $244 | 0.1 mi |
D 15688 Hercules Lane Sold | $650,000 | 4 | 3 | 2,320 | $280 | 0.9 mi |
E 16611 War Cloud Drive Sold | $485,000 | 3 | 3 | 1,931 | $251 | 0.3 mi |
F 16272 Emma Active | $599,888 List Price | 5 | 3 | 2,530 | $237 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Built in 2007 (19 years old), the home falls within the 10-20 year bracket for a 'Good' rating. It features recent flooring updates and appears well-maintained and move-in ready. While the kitchen cabinetry and white appliances are dated, they remain functional, and the overall structure is consistent with its age.
PROSSTRENGTHS & OPPORTUNITIES
- Generous Living Space
With five bedrooms and over 2,300 square feet of living area, this home provides exceptional flexibility for large families, multi-generational living, or dedicated home office setups.
- Recent Interior Updates
The property features recent flooring updates throughout most of the home, offering a fresh, move-in-ready aesthetic that appeals to modern buyers looking to avoid immediate renovation costs.
- Low-Maintenance Exterior
The fully cemented backyard serves as a durable, low-maintenance outdoor living space, ideal for entertaining and large patio arrangements without the need for constant landscaping upkeep.
CONSRISKS & DEFICIENCIES
- Limited Natural Landscaping
The entirely cemented backyard lacks greenery and softscape, which may be a disadvantage for buyers desiring a traditional garden, lawn for pets, or natural curb appeal in the rear.
- Lack of Scenic Views
The property is noted to have no significant views, which may impact its desirability compared to other Moreno Valley listings that offer mountain or territorial vistas.
About 16623 Tarano
Welcome to this spacious 5-bedroom, 2.5-bathroom home in Moreno Valley, offering plenty of room to grow and make it your own. Recent flooring updates throughout most of the home provide a fresh, clean feel, while the generous floor plan offers flexibility for families, guests, a home office, or additional living space. The backyard is fully cemented, providing a low-maintenance outdoor area with plenty of potential for entertaining, dining, or creating your ideal outdoor setup. With five bedrooms, updated flooring, and ample indoor and outdoor space, this home is a great opportunity to bring your vision to life.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2007
- Lot Size
- 7,405 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 4.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 2,335 | 1,792.434 |
| Lot Size | 7,405 | 7,133.965 |
| Price | $559.9K | $554.8K |
| Price per sq ft | $240 | $320 |
| Built year | 2007 | 1989 |
| HOA | $0 | $128 |
| Days on market | 5 | 59 |
Pricing History
Listed for Sale
Sep 4, 2026
$559,900
Initial Listing
Sold
Aug 25, 2014
$270,000
Public Record
Sold
Nov 21, 2007
$395,000
Public Record