23840 Cold Spg, Moreno Valley, California 92557, Moreno Valley, 92557 - 4 bed, 3 bath
ACTIVE$995,000
23840 Cold Spg, Moreno Valley, California 92557
4Beds
3Baths
1,372Sqft
3,920Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income-Generating ADU: The property features a dedicated Accessory Dwelling Unit (ADU), offering significant potential for rental income or flexible multi-generational living arrangements.
Top Cons:
Compact Lot Size: The 3,920 sqft lot size is relatively small for a single-family home with an ADU, potentially limiting outdoor living space or yard utility.
Compared to the nearby listings
Price:$995.0K vs avg $575.0K (+$420,000)99%
Size:1,372 sqft vs avg 1,868 sqft14%
Price/sqft:$725 vs avg $31599%
More Insights
Built in 1986 (39 years old).
Condition: Despite being built in 1986, the property has undergone extensive and very recent renovations, as indicated by the description 'all-new cabinets, flooring, paint, and appliances' and supported by the images. The kitchen features modern two-tone cabinetry, new stainless steel appliances, and updated countertops. Bathrooms are fully modernized with new vanities, fixtures, and tiling, including a stylish walk-in shower. The flooring throughout is new LVP, and the ADU also appears newly finished with a mini-split AC system. The overall impression is of a virtually new interior, meeting current quality standards with no deferred maintenance.
Year Built
1986
Close
-
List price
$995K
Original List price
$650K
Price/Sqft
$725
HOA
-
Days on market
-
Sold On
-
MLS number
IV25080544
Home ConditionExcellent
Features
Good View: Mountain(s), Neighborhood
ViewMountain(s), Neighborhood
About this home
Looking for a beautifully upgraded single-story home with room for everyone and an ADU for extra income or multigenerational living? This one has it all! Featuring 4 spacious bedrooms, 2.75 modern bathrooms, and all-new cabinets, flooring, paint, and appliances — this home is move-in ready and designed for comfort and convenience. Whether you’re hosting guests, running a business from home, or housing extended family, the Accessory Dwelling Unit gives you the flexibility you need! Don’t miss this opportunity to own a turn-key property in a great location.
Condition Rating
Excellent
Despite being built in 1986, the property has undergone extensive and very recent renovations, as indicated by the description 'all-new cabinets, flooring, paint, and appliances' and supported by the images. The kitchen features modern two-tone cabinetry, new stainless steel appliances, and updated countertops. Bathrooms are fully modernized with new vanities, fixtures, and tiling, including a stylish walk-in shower. The flooring throughout is new LVP, and the ADU also appears newly finished with a mini-split AC system. The overall impression is of a virtually new interior, meeting current quality standards with no deferred maintenance.
Pros & Cons
Pros
Income-Generating ADU: The property features a dedicated Accessory Dwelling Unit (ADU), offering significant potential for rental income or flexible multi-generational living arrangements.
Extensive Modern Upgrades: Recently upgraded with all-new cabinets, flooring, paint, and appliances, the home is truly move-in ready, saving buyers time and renovation costs.
Single-Story Layout: The single-story design provides convenient living, accessibility, and broad appeal to a diverse range of buyers, including families and those seeking ease of movement.
Versatile Living Space: With 4 spacious bedrooms and 2.75 modern bathrooms, alongside the ADU, the property offers ample and flexible space for various lifestyle needs, from hosting to home office use.
Aesthetic Views: The property boasts desirable mountain and neighborhood views, enhancing its curb appeal and providing a pleasant living environment.
Cons
Compact Lot Size: The 3,920 sqft lot size is relatively small for a single-family home with an ADU, potentially limiting outdoor living space or yard utility.
Significant Price Increase: The current list price of $995,000 represents a substantial increase from the original $650,000, which may raise questions about market value and potential overpricing relative to comparable properties in Moreno Valley.
Moreno Valley Market Dynamics: While described as a 'great location,' Moreno Valley's specific market characteristics and distance from major employment centers may not appeal to all buyer segments, potentially affecting long-term appreciation compared to other Southern California submarkets.