22500 Greenwich Court, Moreno Valley, California 92553, Moreno Valley, 92553 - 4 bed, 4 bath
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Moreno Valley, California 92553
This Value-Add Residential Asset is listed at $575,000, positioned near its $563,094 Fair Market Value. While the current Condition Rating of 4 necessitates cosmetic updates, the property offers significant equity potential through forced appreciation, supported by local model matches selling for $630,000. Major structural investments are already complete, including a newer roof, HVAC, and water heater. Featuring a versatile five-bedroom layout and a spacious lot with a patio, this home is a strategic acquisition for Value-Add Investors or Owner-Occupants within the Moreno Valley Unified district.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 22500 Greenwich Court Subject | $575,000* List Price | 4 | 4 | 2,065 | $273 | - |
A 13162 Brentwood Lane Sold | $630,000 | 4 | 3 | 2,135 | $295 | 0.4 mi |
B 13100 Palisade Sold | $625,000 | 4 | 3 | 2,331 | $268 | 0.3 mi |
C 12579 Penske Street Sold | $545,000 | 3 | 2 | 1,966 | $277 | 0.6 mi |
D 23211 Park Valley Drive Sold | $545,000 | 4 | 2 | 1,890 | $288 | 0.8 mi |
E 13077 Bagatelle Active | $568,000 List Price | 4 | 2 | 1,844 | $308 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is 36 years old and retains most of its original 1990s aesthetic, including dated tile countertops, fluorescent kitchen lighting, and gold-trimmed bathroom fixtures. While the major systems (HVAC, roof, and water heater) are newer, the interior requires significant cosmetic updating as noted in the listing description.
Priced approximately $55,000 below recent comparable sales, this property offers substantial immediate equity and upside for buyers looking to build value through improvements.
The home features a newer roof, HVAC system, and water heater, providing peace of mind and saving the buyer from the most costly structural maintenance expenses.
With five bedrooms, including a convenient downstairs suite and a spacious floor plan, the home is perfectly suited for large or multi-generational families.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
The property requires significant cosmetic work both internally and externally, which will necessitate an additional budget and time commitment for renovations.
With over 60 days on the market and multiple price fluctuations, the property may carry a market stigma that requires aggressive negotiation or further incentives to overcome.
ASK ABOUT CLOSING COSTS / BUY RATE DOWN!! Seller WILL PAY FOR TERMITE! Priced $55,000 BELOW market value! 13162 Brentwood Lane in Moreno Valley, Model Match just sold for $630,000!! Large enough for 2 families!! NEWER ROOF, NEWER AC, NEWER WATER HEATER have been installed within the last few years. This generously sized home is all about LOCATION, SPACE, and LOTS OF UPSIDE. Set in a fantastic neighborhood, the layout and square footage are hard to beat! YES, it needs cosmetic updating inside and out, but that’s why the price is at a great deal ! Bring your vision and make it your own on this quiet cup-de-sac street! The home is currently 5 bedrooms, with a bedroom downstairs, but can easily be converted back to a 4th bedroom. This one is worth the upgrades!!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 61% |
| Baths | 4.0 | 2.0 | 99% |
| Square foot | 2,065 | 1,419 | 88% |
| Lot Size | 7,405 | 7,405 | 50% |
| Price | $575.0K | $531.5K | 77% |
| Price per sq ft | $278 | $375 | 15% |
| Built year | 1990 | 1984 | 91% |
| HOA | $0 | $0 | 50% |
| Days on market | 71 | 168 | 13% |
Apr 10, 2026
$575,000
$594,800
-3% Price Drop
Initial Listing
Feb 16, 2026
$594,800
$570,000
+4% Price Increase
Initial Listing
Feb 10, 2026
$570,000
Initial Listing
Jan 8, 2008
$220,500
Public Record
Mar 31, 2006
$415,000
Public Record
Mar 17, 1999
$135,000
Public Record
Mar 17, 1999
$111,331
Public Record