23697 Cold Spring, Moreno Valley, California 92557, Moreno Valley, 92557 - 3 bed, 3 bath
23697 Cold Spring
Moreno Valley, California 92557
Property Price
SUMMARY
Analysis of 23697 Cold Spring, Moreno Valley, California 92557 reveals a property with a current list price of $405,000, which is 12% above the estimated $359,000 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Moreno Valley Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 23697 Cold Spring Subject | $405,000* List Price | 3 | 3 | 1,474 | $244 | - |
A 23614 Tonada Lane Sold | $500,000 | 3 | 2 | 1,443 | $347 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
Built in 1980, the property is marketed as a 'fixer-upper' requiring significant TLC and a contractor's touch. The listing details and description indicate substantial deferred maintenance and outdated interior components, including the kitchen and bathrooms, which require full rehabilitation to be brought up to modern living standards.
PROSSTRENGTHS & OPPORTUNITIES
- Investment Potential
The property presents a significant opportunity to build instant equity through renovation, making it an ideal candidate for a fix-and-flip or a value-add rental strategy.
- Strategic Location
Conveniently located near the Moreno Valley Mall and major 60/215 freeways, the home offers excellent accessibility for commuters and proximity to prime shopping and dining.
- Scenic Views
The property features desirable views of the mountains and city lights, providing an aesthetic advantage that enhances its marketability compared to standard neighborhood lots.
CONSRISKS & DEFICIENCIES
- Deferred Maintenance
The home requires significant 'TLC' and updates, necessitating immediate additional capital investment for repairs and modernization upon acquisition.
- Compact Lot Size
At 3,920 square feet, the lot is relatively small for a single-family residence, which may limit outdoor utility and appeal for buyers seeking expansive yard space.
About 23697 Cold Spring
Welcome to 23697 Cold Spg in the heart of Moreno Valley — a fantastic opportunity for the right buyer or investor ready to unlock this home’s true potential. With solid bones and a functional layout, this property is the perfect canvas for someone with vision. It does need a little TLC, but that’s exactly where the value lies — renovate, refresh, and build instant equity. Whether you’re looking to flip, create a long-term rental, or customize your own home, the upside here is undeniable. Located in an established neighborhood with convenient access to everything, you’re just minutes from Moreno Valley Mall for shopping, dining, and entertainment, along with popular restaurants like In-N-Out Burger and Olive Garden. Daily essentials, grocery stores, parks, and fitness centers are all nearby. The home is within the boundaries of Moreno Valley Unified School District, serving local schools including Vista del Lago High School. Commuters will appreciate easy access to the 60 and 215 freeways, making travel to Riverside, San Bernardino, and surrounding areas simple and convenient. This is your chance to secure a well-located property with strong upside in a growing community. Bring your tools, your contractor, and your imagination — opportunities like this don’t last long.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1980
- Lot Size
- 3,920 Sq. Ft.
Interior
- Total Bedrooms
- 3
- 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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 44% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,474 | 1,809 | 28% |
| Lot Size | 3,920 | 7,841 | 4% |
| Price | $405.0K | $562.0K | 1% |
| Price per sq ft | $275 | $323 | 25% |
| Built year | 1980 | 1987 | 13% |
| HOA | $0 | $0 | 50% |
| Days on market | 15 | 177 | 1% |
Pricing History
Listed for Sale
Feb 20, 2026
$405,000
Initial Listing
Sold
Feb 3, 2015
$220,500
Public Record
Sold
Oct 25, 2002
$157,500
Public Record
Sold
Jul 11, 1997
$84,500
Public Record