22015 Cottonwood Avenue, Moreno Valley, California 92553, Moreno Valley, 92553 - 3 bed, 2 bath
ACTIVE$795,000
22015 Cottonwood Avenue, Moreno Valley, California 92553
3Beds
2Baths
1,647Sqft
11,761Lot
Year Built
1936
Close
-
List price
$795K
Original List price
$850K
Price/Sqft
$483
HOA
-
Days on market
-
Sold On
-
MLS number
PF25077301
Home ConditionTear down
Features
View-
About this home
Possibly Over-Priced:The estimated price is 58% below the list price. We found 3 Cons,6 Pros. Rank: price - $795.0K(99th), sqft - 1647(72th), beds - 3(50th), baths - 2(50th).
Amazing 11,761 square foot corner lot home with 3 bedrooms, 1 bath. Great opportunity for developers or investors who are looking to construct in the growing city of Moreno Valley. This flat and valuable land. All information is to be verified and satisfied by the buyer's own due diligence.
Condition Rating
Tear down
Built in 1936, this property is explicitly marketed as a 'Great opportunity for developers or investors' with its 'flat and valuable land,' strongly suggesting the existing structure is not the primary asset. The property analysis notes the home is 'very old and likely requires extensive modernization, significant renovation, or demolition.' The significant discrepancy between the list price ($795,000) and the estimated property value ($327,580.06) further indicates that the value lies almost entirely in the land. The absence of any interior photos, particularly of the kitchen and bathrooms, is a strong indicator that these areas are in very poor, outdated, or unpresentable condition. Given its age and the clear emphasis on land for redevelopment, the structure is considered beyond economical repair for typical residential use, aligning with the 'tear-down' criteria.
Pros & Cons
Pros
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11761, living area = 1647.
Exceptional Lot Size: The property boasts an impressive 11,761 square foot lot, offering significant space for expansion, new construction, or various outdoor amenities.
Prime Corner Lot Location: Positioned on a corner lot, the property benefits from increased visibility, potentially more flexible access, and greater design possibilities for future development.
Strong Development/Investment Potential: Explicitly highlighted as a 'Great opportunity for developers or investors' in the growing city of Moreno Valley, indicating high potential for future value creation.
Flat and Valuable Land: The land is described as 'flat and valuable,' which is ideal for construction, reducing site preparation costs and simplifying development projects.
Recent Price Adjustment: The list price has been reduced from $850,000 to $795,000, suggesting a more competitive offering and potential for a better value proposition for buyers.
Cons
Significant Price Discrepancy: The list price of $795,000 is substantially higher than the estimated property value of $327,580.06, indicating that the value is primarily in the land for development rather than the existing structure.
Age and Condition of Existing Structure: Built in 1936, the existing 3-bedroom, 2-bathroom home is very old and likely requires extensive modernization, significant renovation, or demolition, adding considerable cost and effort for any buyer.
High Buyer Due Diligence Required: The listing explicitly states 'All information is to be verified and satisfied by the buyer's own due diligence,' suggesting potential complexities or undisclosed issues that buyers must thoroughly investigate.