24708 Thornberry, Moreno Valley, California 92557, Moreno Valley, 92557 - 4 bed, 3 bath
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Moreno Valley, California 92557
This property presents a High-Potential Investment Opportunity with a List Price of $585,000—positioned well above the $452,214 Fair Market Value by -29%. While the current list price exceeds the estimated value, the home’s Fair Condition Rating and versatile 2,363 sqft floor plan—featuring a downstairs bedroom and massive loft—provide a foundation for value-add renovations. Located in the Moreno Valley Unified district, this asset is best suited for Buy-and-Hold Investors or Contractors capable of modernizing the original 1988 interiors to capture long-term appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 24708 Thornberry Subject | $585,000* List Price | 4 | 3 | 2,363 | $191 | - |
A 24387 Robinwood Sold | $480,000 | 4 | 3 | 2,101 | $228 | 0.3 mi |
B 24735 Thornberry Circle Sold | $565,000 | 5 | 3 | 2,363 | $239 | 0.0 mi |
C 10560 Canyon Vista Road Sold | $500,000 | 4 | 2 | 1,922 | $260 | 0.7 mi |
D 10853 Anemone Active | $589,900 List Price | 5 | 3 | 2,492 | $237 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property is 38 years old (built 1988) with no recorded renovations, exceeding the 30-year threshold for the 'poor' category. The listing describes the home as a 'diamond in the rough' needing cosmetic updates and vision, indicating that the kitchen, bathrooms, and major systems are likely original and require significant modernization.
The 2,363 sqft layout features a highly desirable downstairs bedroom and a massive upstairs loft that can easily serve as a 5th bedroom, providing excellent flexibility for multi-generational living.
Priced specifically to account for cosmetic needs, this 'diamond in the rough' offers a prime opportunity for investors or handy homeowners to build instant equity through modern updates.
The home includes high-value features such as a three-car garage, hardwood flooring, and shutters throughout, offering a strong foundation that reduces the cost of a full renovation.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 5.
The property requires significant cosmetic updates and a 'fresh start,' which may deter traditional buyers looking for a move-in-ready home or those without immediate renovation capital.
The $133 monthly association fee adds to the total carrying cost of the property, which may be a drawback for buyers focused strictly on minimizing monthly overhead.
Opportunities like this in Sunnymead Ranch don't come around every day! If you’ve been looking for a spacious property where you can bring your own style and possibly build instant equity, this just might be the one. It’s a fantastic 2-story footprint with 4 bedrooms (including a super convenient downstairs bedroom) and a huge upstairs loft that could easily become a 5th bedroom. The main floor layout is spacious, you get both formal living and dining rooms, plus an open kitchen that features an island, a bay window, and tons of cabinet space opening right into the family room. Other great features already in place include shutters throughout, hardwood flooring, a downstairs laundry room, a 3-car garage, and a private balcony off the primary bedroom overlooking the backyard. The home is ready for some cosmetic updates and a fresh start, and it has been priced accordingly. It just needs a buyer with a little vision to roll up their sleeves and turn this diamond in the rough into an absolute dream home!
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.7 mi
Grades K-5 • 1.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 2,363 | 1,782 |
| Lot Size | 7,405 | 6,970 |
| Price | $585.0K | $550.3K |
| Price per sq ft | $248 | $321 |
| Built year | 1988 | 1989 |
| HOA | $133.0 | $132 |
| Days on market | 44 | 58 |
Jun 8, 2026
$585,000
Initial Listing