16800 Lake Victoria, Moreno Valley, California 92551, Moreno Valley, 92551 - 3 bed, 2 bath
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Moreno Valley, California 92551
This Value-Add Single-Family Residence offers a stable entry into the Moreno Valley market with a List Price of $500,000, positioned competitively near its $488,249 Fair Market Value. Holding a Condition Rating of 4, the property features aging infrastructure that presents a clear opportunity for forced appreciation through cosmetic modernization. The home is distinguished by Scenic Mountain Views and a Generous Lot Size of 6,970 square feet, offering significant outdoor potential. Located in the Val Verde district, this asset is perfectly suited for Buy-and-Hold Investors or first-time buyers seeking a project-ready home in a high-demand entry-level segment.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 16800 Lake Victoria Subject | $500,000* List Price | 3 | 2 | 1,212 | $403 | - |
A 16151 Nippet Lane Sold | $530,000 | 3 | 2 | 1,329 | $399 | 0.9 mi |
B 24410 Carman Sold | $545,000 | 3 | 2 | 1,248 | $437 | 1.0 mi |
C 16815 Baltic Court Sold | $522,000 | 3 | 2 | 1,212 | $431 | 0.3 mi |
D 25101 Red Maple Lane Sold | $490,000 | 3 | 2 | 1,060 | $462 | 0.6 mi |
E 24610 Northern Dancer Drive Pending | $465,000 List Price | 3 | 2 | 1,187 | $392 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1990, this 34-year-old property falls within the 25-40 year range for homes that have not undergone major recent renovations. The exterior shows signs of age and deferred landscape maintenance, and the property analysis explicitly identifies aging infrastructure as a weakness. While functional, the home requires cosmetic modernizations and potential system updates to meet current standards.
The property features desirable mountain views, providing a serene natural backdrop that enhances the overall aesthetic appeal and tranquility of the home.
Listed at $500,000, this single-family residence represents an accessible price point for first-time homebuyers or investors looking to enter the Moreno Valley market.
With a lot size of nearly 7,000 square feet, the property offers significant outdoor space for landscaping, entertaining, or potential future expansions.
At 1,212 square feet for a three-bedroom home, the interior layout may feel somewhat restrictive for larger families or those requiring spacious common areas.
Built in 1990, the home is over 30 years old and may soon require updates to major systems or cosmetic modernizations to remain competitive with newer builds.
Exceptional opportunity in Moreno Valley. This spacious residence offers a versatile layout ideal for modern living. Situated on a quiet street in a highly desirable area.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 45% |
| Baths | 2.0 | 3.0 | 41% |
| Square foot | 1,212 | 1,811 | 15% |
| Lot Size | 6,970 | 6,534 | 54% |
| Price | $500.0K | $540.0K | 29% |
| Price per sq ft | $413 | $315 | 86% |
| Built year | 1990 | 1990 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 8 | 174 | 1% |
Apr 14, 2026
$500,000
Initial Listing
Jul 8, 1999
$93,000
Public Record
Jan 22, 1998
$500
Public Record