24703 Lightning Way, Moreno Valley, California 92551, Moreno Valley, 92551 - 4 bed, 3 bath

24703 Lightning Way, Moreno Valley, California 92551 home-pic-0

24703 Lightning Way

Moreno Valley, California 92551

ACTIVE
CONDITION: EXCELLENT
4Beds
3Baths
2,320Sq Ft
12,950Lot Size

Property Price

LIST PRICE$749,999
EST. MARKET VALUE
$671,107
11% AboveMARKET VALUE

SUMMARY

Estimated Market Value

$671,107
Based on Realkey algorithm analyzing recent comparable sales in Moreno Valley.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
24703 Lightning Way
Subject
$749,999*
List Price
432,320$289-
A
24889 El Braso Drive
Sold
$635,000422,107$3010.2 mi
B
24770 Quenada
Active
$700,000
List Price
532,672$2620.1 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Excellent
TeardownExcellent

Property is new construction or fully renovated.

Built in 2023, this property is virtually new and meets all current quality standards. The interior features a modern open floor plan with high-end finishes, including a contemporary kitchen with white shaker cabinetry, quartz countertops, a large island, and stainless steel appliances. The home also boasts premium upgrades such as wood-look flooring, recessed lighting, shutters, paid-off solar, and a $150,000 professionally landscaped backyard, showing no signs of wear or deferred maintenance.

PROSSTRENGTHS & OPPORTUNITIES

  • 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 = 12950, living area = 2320.

  • New Construction

    Built in 2023, this home offers the latest in modern building codes, energy efficiency, and contemporary design, ensuring minimal immediate maintenance for the buyer.

  • Premium Backyard Upgrades

    With approximately $150,000 invested in outdoor improvements, the backyard is a fully equipped, turnkey retreat for entertaining that far exceeds standard neighborhood offerings.

CONSRISKS & DEFICIENCIES

  • Recent Price Volatility

    The list price was recently increased by $50,000, which may lead to appraisal challenges or buyer hesitation regarding the current market valuation.

  • Aggressive Resale Margin

    The property was sold for $599,000 in late 2023; the current asking price of $749,999 represents a steep appreciation curve that may be difficult to justify despite the upgrades.

  • HOA Restrictions

    While the association fee is relatively low at $67, the presence of an HOA implies community restrictions that may limit certain homeowner freedoms or exterior modifications.

About 24703 Lightning Way

Welcome to this beautifully maintained 4-bedroom, 3-bathroom home situated on one of the largest lots in the neighborhood. This spacious property features a functional and open floor plan with bright living areas, generous bedrooms, and a well-appointed kitchen ideal for everyday living and entertaining. The expansive backyard is a true highlight, featuring approximately $150,000 in upgrades and fully equipped for entertaining and hosting gatherings. This private outdoor retreat offers ample space for outdoor dining, relaxation, and future customization, with an oversized lot that provides rare privacy and flexibility not commonly found in the area. The large lot also offers potential for additional outdoor amenities. This home includes fully paid-off solar, providing energy efficiency and long-term savings. Located in a desirable Moreno Valley community, the property is conveniently close to parks, shopping, dining, and major transportation routes. Nearby parks offer playgrounds, sports courts, walking trails, and picnic areas, providing excellent recreational opportunities. This property offers exceptional indoor and outdoor living space and is a standout opportunity in the area.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
2023
Lot Size
12,950 Sq. Ft.

Interior

Total Bedrooms
4
Total Bathrooms
3 (3 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$67.0 / Month

Neighborhood Insights

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds4.04.0
50%
Baths3.03.0
50%
Square foot2,3201,855
76%
Lot Size12,9506,534
98%
Price$750.0K$545.0K
94%
Price per sq ft$323$304
59%
Built year20231990
80%
HOA$67.0$0
64%
Days on market43178
4%

Pricing History

Listed for Sale

Feb 12, 2026

$749,999

$699,999

+7% Price Increase

Initial Listing

Price Change

Jan 23, 2026

$699,999

Initial Listing

Sold

Sep 1, 2023

$599,000

Public Record

Browse Properties by State Browse housing market trends by state