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25183 Gorgonio Way, Moreno Valley, California 92553, Moreno Valley, 92553 - 4 bed, 3 bath

25183 Gorgonio Way, Moreno Valley, California 92553 home-pic-0
ACTIVE UNDER CONTRACT$515,000
25183 Gorgonio Way, Moreno Valley, California 92553
4Beds
3Baths
2,020Sqft
8,276Lot
Year Built
1986
Close
-
List price
$515K
Original List price
$565K
Price/Sqft
$255
HOA
-
Days on market
-
Sold On
-
MLS number
25541663
Home ConditionPoor
Features
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 21% below the list price. We found 3 Cons,5 Pros. Rank: price - $515.0K(50th), sqft - 2020(90th), beds - 4(64th), baths - 3(73th).

This is a true *FIXER, *FIXER, FIXER with great potential, offering a rare opportunity to customize a solid home in one of Moreno Valley's most sought-after neighborhoods. This is not idea for investor. While the property is structurally sound and well-designed, it's in need of some TLC including fresh paint, new carpet, and cosmetic upgrades making it perfect for buyers looking to add personal touches and build equity quickly. The home sits on a generously sized lot with one of the largest backyards in the area, and the surrounding community is known for its pride of ownership and exceptional curb appeal. The property qualifies for standard FHA financing and may also be eligible for FHA 203(k) renovation financing, making it ideal for both first-time buyers and investors. Please Note: Showings are by appointment only and limited to serious, qualified buyers. Pre-approval letter, Desktop Underwriter (DU) findings, FICO score, and proof of funds are required prior to scheduling a viewing. Don't miss this chance to transform a fixer into your dream home in a prime location. Price is firm.

Price History

Date
Event
Price
09/12/25
Price Change
$515,000-2.8%
08/03/25
$530,000
05/21/25
$565,000
Condition Rating
Poor
The property, built in 1986, is explicitly described as a 'true *FIXER, *FIXER, FIXER' in need of 'fresh paint, new carpet, and cosmetic upgrades,' and is eligible for FHA 203(k) renovation financing, indicating substantial repairs are required. While stated as 'structurally sound,' the visible carpeted bathroom is a significant defect in terms of hygiene and modern standards, and the overall appearance suggests neglect and outdated features. This condition goes beyond minor updates, necessitating comprehensive rehabilitation.
Pros & Cons

Pros

Equity Building Potential: The property is a true fixer-upper, offering significant potential for buyers to add personal touches, customize, and build equity quickly through renovation.
Generous Lot Size: It boasts a generously sized lot with one of the largest backyards in the area, providing ample outdoor space and potential for landscaping or expansion.
Desirable Neighborhood: Located in a sought-after Moreno Valley neighborhood known for its pride of ownership and exceptional curb appeal, enhancing long-term value.
FHA Financing Eligibility: The property qualifies for standard FHA financing and may be eligible for FHA 203(k) renovation financing, broadening the pool of potential buyers.
Structurally Sound Foundation: Despite needing cosmetic upgrades, the property is described as structurally sound and well-designed, providing a solid base for renovation.

Cons

Extensive Renovation Required: Explicitly marketed as a 'FIXER, FIXER, FIXER,' it requires substantial TLC including fresh paint, new carpet, and significant cosmetic upgrades throughout.
Strict Showing Requirements: Viewings are by appointment only and require stringent pre-qualification (pre-approval, DU findings, FICO, proof of funds), which may deter some interested parties.
Non-Negotiable Price: The listing states 'Price is firm,' indicating no room for negotiation, which can be a drawback for buyers seeking a deal or flexibility.

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