24411 Electra Court, Moreno Valley, California 92551, Moreno Valley, 92551 - 3 bed, 3 bath
24411 Electra Court
Moreno Valley, California 92551
Property Price
SUMMARY
Analysis of 24411 Electra Court, Moreno Valley, California 92551 reveals a Prime Investment Opportunity with a current list price of $483,600—significantly undercutting the $518,676 Fair Market Value by 6%. This valuation gap indicates a +$35,076 Instant Equity potential for buyers. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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 both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 24411 Electra Court Subject | $483,600* List Price | 3 | 3 | 1,577 | $329 | - |
A 24452 Electra Court Sold | $500,000 | 4 | 3 | 1,381 | $362 | 0.0 mi |
B 15414 Gemstone Court Sold | $475,000 | 3 | 3 | 1,381 | $344 | 0.3 mi |
C 24341 Carman Sold | $495,000 | 3 | 3 | 1,587 | $312 | 0.4 mi |
D 15882 Wedow Drive Sold | $525,000 | 3 | 3 | 1,567 | $335 | 0.9 mi |
E 24348 Karry Pending | $549,900 List Price | 3 | 3 | 1,577 | $349 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1985, the property is nearly 40 years old and shows signs of deferred maintenance and dated interior finishes. While the structure and layout provide a functional foundation, the kitchen, bathrooms, and flooring require a comprehensive modern refresh to meet current standards, as noted in the listing description.
PROSSTRENGTHS & OPPORTUNITIES
- Private Pool and Spa
The property features a heated in-ground pool and spa within an expansive backyard, offering a resort-style outdoor living space that is a significant value-add for the area.
- Versatile Floor Plan
The layout includes a dedicated main-floor flex room suitable for a home office or den, providing functional space that caters to modern work-from-home requirements.
- Equity Building Opportunity
Priced competitively to reflect its current state, this home serves as an excellent opportunity for investors or buyers to build significant equity through strategic renovations.
CONSRISKS & DEFICIENCIES
- Deferred Maintenance
The property requires a comprehensive modern refresh and cosmetic updates, indicating that the buyer will need to budget for immediate renovation costs.
- Dated Interior Finishes
With a 1985 construction date and a description highlighting the need for work, the interior likely features aging materials and systems that may lack modern efficiency.
About 24411 Electra Court
The Layout You’ve Been Looking! The heart of this home features a sizable kitchen and a generous family room with a classic fireplace, providing a functional foundation for your dream open-concept redesign. Tucked away on the main floor, this extra room is ideal for a home office, craft space, or den, located right next to a convenient .25 bath. All three bedrooms are situated on the upper level for maximum privacy, including a primary suite featuring its own dedicated en suite bath. The true "piece de la resistance" is the expansive backyard, designed for someone who loves to host. Entertainer’s Dream: A large patio area is ready for summer BBQs and outdoor dining. The heated in-ground pool and spa offer a resort-style retreat right at home—just waiting for a modern refresh. With an attached two-car garage and a price point that reflects the work needed, this is your opportunity to stop renting and start building wealth through your own vision.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1985
- Lot Size
- 6,098 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 | 1,577 | 1,852 | 41% |
| Lot Size | 6,098 | 6,534 | 47% |
| Price | $483.6K | $545.0K | 20% |
| Price per sq ft | $307 | $304 | 52% |
| Built year | 1985 | 1990 | 22% |
| HOA | $0 | $0 | 50% |
| Days on market | 2 | 178 | 1% |
Pricing History
Listed for Sale
Mar 5, 2026
$483,600
Initial Listing
Sold
Mar 24, 2003
$183,500
Public Record
Sold
Jul 9, 1998
$98,000
Public Record