24247 Millsap, Moreno Valley, California 92553, Moreno Valley, 92553 - 4 bed, 2 bath
ACTIVE$530,000$1,783/sqft
Est. Value: $550,000
3%
BelowEstimate
24247 Millsap, Moreno Valley, California 92553
4Beds
2Baths
1,783Sqft
8,276Lot
Price Vs. Estimate
The estimated value ($550,000) is $20,000 (3%) higher than the list price ($530,000). This property may be underpriced.
Key pros and cons
Top 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 = 8276, living area = 1783.
Top Cons:
Property Age & Potential for Updates: Built in 1980, the home is over 40 years old, suggesting that major systems (HVAC, plumbing, electrical) and interior finishes may be original or require significant updates to meet modern standards and preferences.
Compared to the nearby listings
Price:$530.0K vs avg $520.0K (+$10,000)55%
Size:1,783 sqft vs avg 1,446 sqft77%
Price/sqft:$297 vs avg $36120%
More Insights
Built in 1980 (46 years old).
Condition: Built in 1980, this property is aged but appears to be maintained. The kitchen features dated wood cabinets, older appliances (except possibly the refrigerator), and older tile flooring, indicating it has not been extensively renovated recently. While some laminate flooring appears to be a past update, the presence of popcorn ceilings and basic light fixtures throughout suggests that major systems and finishes are either original or were updated 15-30 years ago, showing signs of being outdated. The home is functional but requires significant cosmetic updates to meet modern standards.
Year Built
1980
Close
-
List price
$530K
Original List price
$550K
Price/Sqft
$297
HOA
-
Days on market
-
Sold On
-
MLS number
RS25280334
Home ConditionFair
Features
View-
About this home
J
Juan Galvan
Listing Agent
Price History
Date
Event
Price
12/03/14
Sold
$225,000
Condition Rating
Fair
Built in 1980, this property is aged but appears to be maintained. The kitchen features dated wood cabinets, older appliances (except possibly the refrigerator), and older tile flooring, indicating it has not been extensively renovated recently. While some laminate flooring appears to be a past update, the presence of popcorn ceilings and basic light fixtures throughout suggests that major systems and finishes are either original or were updated 15-30 years ago, showing signs of being outdated. The home is functional but requires significant cosmetic updates to meet modern standards.
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 = 8276, living area = 1783.
Recent Price Adjustment: The property has seen a recent price reduction from $550,000 to $530,000, indicating seller motivation and potentially offering a more attractive entry point for buyers.
Ample Living Space: With 4 bedrooms and 2 bathrooms across 1783 sqft, the home provides a comfortable and functional layout suitable for families.
Generous Lot Size: An 8276 sqft lot offers significant outdoor potential for landscaping, entertaining, or even future expansion, a valuable asset in many markets.
Desirable Property Type: As a single-family residence, it appeals to a broad range of buyers seeking privacy, yard space, and long-term investment potential.
Moreno Valley Market Appeal: Moreno Valley generally offers a more accessible price point for homeownership in Southern California, attracting buyers looking for value and space.
Cons
Property Age & Potential for Updates: Built in 1980, the home is over 40 years old, suggesting that major systems (HVAC, plumbing, electrical) and interior finishes may be original or require significant updates to meet modern standards and preferences.
Lack of Desirable Views: The property explicitly states 'None' for views, meaning it does not offer any scenic or appealing vistas that could enhance its market value or buyer appeal.
Potential for Deferred Maintenance: Given its age, there's an increased likelihood of deferred maintenance issues that a buyer would need to address, potentially incurring additional costs post-purchase.