23573 Lake Valley Drive, Moreno Valley, California 92557, Moreno Valley, 92557 - 4 bed, 2 bath
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Moreno Valley, California 92557
This Value-Add Residential Asset offers a strategic entry into the prestigious Sunnymead Ranch community. Listed at $499,000, the property is positioned relative to its $391,295 Fair Market Value, carrying a Condition Rating of 5 that necessitates a comprehensive interior modernization. Functional 4-bedroom plus office layout and 7,841 sqft lot provide substantial forced appreciation potential near Canyon Springs High and Hidden Springs Elementary. Residents benefit from a private lake, resort pool, and mountain views. This "as-is" acquisition is a prime project for Fix-and-Flip Investors or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 23573 Lake Valley Drive Subject | $499,000* List Price | 4 | 2 | 1,570 | $249 | - |
A 10560 Canyon Vista Road Sold | $500,000 | 4 | 2 | 1,922 | $260 | 0.8 mi |
B 23540 Swan Sold | $520,000 | 4 | 2 | 1,376 | $378 | 0.7 mi |
C 24421 Barley Sold | $472,000 | 3 | 2 | 1,667 | $283 | 0.9 mi |
D 23579 Tarara Drive Sold | $498,000 | 4 | 2 | 1,749 | $285 | 0.2 mi |
E 23402 Harland Drive Sold | $550,000 | 3 | 2 | 1,438 | $382 | 0.6 mi |
F 10943 Shady Glade Active | $499,000 List Price | 4 | 3 | 2,051 | $243 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property was built in 1988 (36 years old) and appears to be in entirely original condition, meeting the >30-year criteria for the poor category. The kitchen and bathrooms feature dated oak cabinetry, original tile countertops, and aging fixtures. The listing description confirms the need for 'TLC' and an 'as-is' sale, indicating a requirement for a full interior rehab.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7841, living area = 1570.
Situated in the prestigious Sunnymead Ranch, the property grants access to a private lake with boating, a resort-style pool, fitness center, and extensive sports courts, offering a high-end lifestyle.
The floor plan features four bedrooms plus an additional office or bonus room, providing rare flexibility for remote work, guest accommodations, or a growing family within this price point.
The property is sold as-is and requires 'TLC,' indicating that buyers will need to invest additional capital for repairs and modernization to bring the home to its full potential.
Fitting four bedrooms and a bonus room into 1,570 square feet may result in smaller individual room dimensions, which could feel cramped for buyers seeking more spacious living areas.
Welcome to a beautiful opportunity in the highly sought-after Sunnymead Ranch community of Moreno Valley, California, a neighborhood known for its spacious homes, peaceful surroundings, and strong sense of community. This charming 4-bedroom, 2-bathroom home with an additional office or bonus room offers the perfect blend of space, functionality, and potential. Designed with a versatile floor plan, the extra room is ideal for a home office, playroom, or guest space, adaptable to a wide range of needs and lifestyles. Step inside and you'll find a layout filled with natural light and generous living areas, creating a warm and inviting atmosphere. The home has great bones and offers endless potential, making it an ideal canvas for buyers looking to customize and add their personal touch. With a little TLC, this property can truly shine, an excellent opportunity for homeowners or investors alike. Located in the desirable Sunnymead Ranch neighborhood, this home provides convenient access to local schools, parks, shopping, and community resources. As part of the Sunnymead Ranch HOA, residents enjoy an impressive list of amenities including a private lake with fishing and boating, a resort-style pool and spa, fitness center and clubhouse, tennis, basketball, and volleyball courts, and parks, playgrounds, and scenic walking areas. Set among rolling hills and established streets, Sunnymead Ranch features predominantly single-family homes with larger layouts, offering both comfort and long-term value in one of Moreno Valley's most desirable communities. Sold as-is, this is a rare chance to own a spacious home in a prime location at a great value, perfect for buyers ready to bring their vision to life.
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades K-5 • 1.0 mi
Grades K-5 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 2.0 | 3.0 | 46% |
| Square foot | 1,570 | 1,765 | 37% |
| Lot Size | 7,841 | 7,841 | 50% |
| Price | $499.0K | $562.8K | 11% |
| Price per sq ft | $318 | $332 | 42% |
| Built year | 1988 | 1987 | 51% |
| HOA | $133.0 | $0 | 90% |
| Days on market | 0 | 184 | 1% |
Apr 13, 2026
$499,000
Initial Listing
Jun 30, 1999
$131,000
Public Record
Jun 21, 1996
$109,000
Public Record
Apr 30, 1996
$40,000
Public Record