24692 Ferndell Street, Moreno Valley, California 92553, Moreno Valley, 92553 - 2 bed, 2 bath
ACTIVE$399,000
24692 Ferndell Street, Moreno Valley, California 92553
2Beds
2Baths
1,172Sqft
7,405Lot
Price Vs. Estimate
The estimated value ($399,000) is $0 (0%) lower than the list price ($399,000). This property may be overpriced.
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 = 7405, living area = 1172.
Top Cons:
Limited Interior Square Footage: At 1,172 sqft, the interior living space is relatively compact for a single-family home, which may be a constraint for buyers seeking more expansive living areas.
Compared to the nearby listings
Price:$399.0K vs avg $516.0K ($-117,000)3%
Size:1,172 sqft vs avg 1,346 sqft25%
Price/sqft:$340 vs avg $36637%
More Insights
Built in 1982 (43 years old).
Condition: Built in 1982, this property is 42 years old with no indication of recent major renovations. The 'Aging Infrastructure' noted in the property analysis suggests that major systems and finishes, including the kitchen and bathrooms, are likely original or significantly outdated, requiring minor to moderate updates and repairs. The exterior image shows a dated appearance and some deferred landscaping, further supporting the need for cosmetic improvements. While functional, the home shows clear signs of age and is not move-in ready by modern standards.
Year Built
1982
Close
-
List price
$399K
Original List price
$430K
Price/Sqft
$340
HOA
-
Days on market
-
Sold On
-
MLS number
IG25210172
Home ConditionFair
Features
View-
About this home
Priced to sell, a must-see property! Buy this home situated in a cul-de-sac, featuring 2 bedroom 2 bath Single Family Residence, in a beautiful neighborhood of Moreno Valley. An opportune time to buy for a young family to purchase a home when prices. Property has room for an additional bedroom/bathroom or an ADU for a growing family.
Condition Rating
Fair
Built in 1982, this property is 42 years old with no indication of recent major renovations. The 'Aging Infrastructure' noted in the property analysis suggests that major systems and finishes, including the kitchen and bathrooms, are likely original or significantly outdated, requiring minor to moderate updates and repairs. The exterior image shows a dated appearance and some deferred landscaping, further supporting the need for cosmetic improvements. While functional, the home shows clear signs of age and is not move-in ready by 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 = 7405, living area = 1172.
Cul-de-sac Location: Situated on a cul-de-sac, the property offers enhanced privacy, reduced traffic, and a safer environment, particularly appealing to families.
Significant Expansion Potential: The property description explicitly notes room for an additional bedroom/bathroom or an Accessory Dwelling Unit (ADU), presenting a valuable opportunity for future growth, rental income, or multi-generational living.
Recent Price Adjustment: A notable price reduction from $430,000 to $399,000 indicates a motivated seller and positions the property as a competitive and attractive value proposition in the current market.
Generous Lot Size: With a 7,405 sqft lot, there is ample outdoor space and sufficient room to support the advertised expansion or ADU development.
Accessible Price Point: Listed at $399,000, this single-family residence offers a relatively affordable entry into homeownership in California, making it particularly attractive for first-time buyers or young families.
Cons
Limited Interior Square Footage: At 1,172 sqft, the interior living space is relatively compact for a single-family home, which may be a constraint for buyers seeking more expansive living areas.
Lack of Desirable Views: The property explicitly states 'None' for views, which could be a disadvantage in a market where scenic outlooks often contribute significantly to property value and appeal.
Aging Infrastructure: Built in 1982, the home is over 40 years old, suggesting that major systems (e.g., HVAC, plumbing, electrical) and finishes may be original and could require significant updates or maintenance in the near future.