24830 Lukewood Place, Moreno Valley, California 92553, Moreno Valley, 92553 - 3 bed, 2 bath
ACTIVE$549,999
24830 Lukewood Place, Moreno Valley, California 92553
3Beds
2Baths
1,161Sqft
7,405Lot
Price Vs. Estimate
The estimated value ($257,129.115) is $292,869.885 (53%) lower than the list price ($549,999). 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 = 1161.
Top Cons:
Significant Overpricing: The listing price of $549,999 is substantially higher than the property's estimated value and appears elevated compared to recent sales of similar or even superior properties in the immediate vicinity, potentially leading to longer market time or price adjustments.
Compared to the nearby listings
Price:$550.0K vs avg $516.0K (+$33,999)68%
Size:1,161 sqft vs avg 1,346 sqft24%
Price/sqft:$474 vs avg $36791%
More Insights
Built in 1963 (62 years old).
Condition: Despite being built in 1963, this property has undergone a 'COMPLETE REMODEL!!!' with 'Brand New Paint, New Vinyl Windows, Quartz Countertops, Upgraded Electrical, Upgraded Plumbing, and New Flooring throughout the home.' The kitchen features new green cabinets, white quartz countertops, and stainless steel appliances, all appearing brand new and modern. Bathrooms are also updated with modern fixtures and finishes. Major systems like the roof and HVAC are newer, and recessed lighting adds a contemporary feel. The property is described as 'perfectly move-in ready,' aligning with an extensive recent renovation that brings it to current quality standards with no deferred maintenance.
Year Built
1963
Close
-
List price
$550K
Original List price
$550K
Price/Sqft
$474
HOA
-
Days on market
-
Sold On
-
MLS number
CV25073544
Home ConditionExcellent
Features
Patio
View-
About this home
COMPLETE REMODEL!!! Brand New Paint, New Vinyl Windows, Quarts Countertops, Upgraded Electrical, Upgraded Plumbing, and New Flooring throughout the home! Enjoy the added ambiance of recessed lighting and the low-maintenance appeal of landscaping and new vinyl fencing. Located in a quiet, family-friendly neighborhood. This home offers a prime location near freeways, schools, and parks. Perfectly move-in ready for your family! 2 Car Garage with lots of driveway space and street parking!Newer Roof and Dual HVAC Unit! Move into this home with ease in your mind that the bones are strong and long lasting! NOW FHA ELIGIBLE!!!!
Condition Rating
Excellent
Despite being built in 1963, this property has undergone a 'COMPLETE REMODEL!!!' with 'Brand New Paint, New Vinyl Windows, Quartz Countertops, Upgraded Electrical, Upgraded Plumbing, and New Flooring throughout the home.' The kitchen features new green cabinets, white quartz countertops, and stainless steel appliances, all appearing brand new and modern. Bathrooms are also updated with modern fixtures and finishes. Major systems like the roof and HVAC are newer, and recessed lighting adds a contemporary feel. The property is described as 'perfectly move-in ready,' aligning with an extensive recent renovation that brings it to current quality standards with no deferred maintenance.
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 = 1161.
Comprehensive Modern Renovation: The property has undergone a 'COMPLETE REMODEL' including brand new paint, new vinyl windows, quartz countertops, upgraded electrical, upgraded plumbing, new flooring, and recessed lighting throughout, offering a modern and fresh interior.
Updated Major Systems: Key structural and comfort systems have been recently updated, including a newer roof and a dual HVAC unit, providing peace of mind regarding major maintenance items.
Move-in Ready Condition: Described as 'perfectly move-in ready' and having 'strong and long lasting bones,' the property requires no immediate work, appealing to buyers seeking immediate occupancy.
FHA Loan Eligibility: The property is 'NOW FHA ELIGIBLE,' which significantly broadens the pool of potential buyers, particularly first-time homebuyers, and can facilitate a quicker sale.
Desirable Location & Neighborhood: Located in a 'quiet, family-friendly neighborhood' with a 'prime location near freeways, schools, and parks,' offering convenience and community appeal.
Cons
Significant Overpricing: The listing price of $549,999 is substantially higher than the property's estimated value and appears elevated compared to recent sales of similar or even superior properties in the immediate vicinity, potentially leading to longer market time or price adjustments.
Older Original Construction Year: Despite extensive remodeling, the home's original construction year of 1963 may deter some buyers who prefer newer builds, and could imply potential underlying issues not addressed by cosmetic or system upgrades.
Lack of Premium Features: The property lacks premium features such as a pool or desirable views (explicitly stated as 'None'), which some comparable properties in the area offer, potentially limiting its competitive edge at its current price point.