25840 Iris Ave A, Moreno Valley, California 92551, Moreno Valley, 92551 - 2 bed, 2 bath
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Moreno Valley, California 92551
This Turnkey Townhouse is a Strong Value Opportunity, listed at $345,000—positioned slightly above the $335,435 Fair Market Value. While the price reflects a premium, the property offers a Fair Condition Rating and comes fully furnished, providing immediate utility. Residents benefit from resort-style amenities, including a pool, spa, and private patio, alongside a functional open floor plan. Its strategic location near major freeways and local hospitals ensures long-term rental demand. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a low-maintenance, move-in-ready lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 25840 Iris Ave A Subject | $345,000* List Price | 2 | 2 | 1,140 | $294 | - |
A 15601 Lasselle Sold | $353,000 | 2 | 2 | 1,140 | $310 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 2005, the property is 21 years old, placing it in the 'Fair' category based on age criteria (>20y). While the listing describes a modern kitchen and move-in ready condition, the interior photos show original 2000s-era carpet and finishes, and major systems (HVAC/Water Heater) are likely approaching the end of their typical functional lifespan.
The property is offered fully furnished and move-in ready with modern stainless-steel appliances, making it an ideal choice for first-time buyers or investors looking for immediate occupancy.
Residents have access to an extensive suite of community features, including a lake for boating and fishing, a fitness center, tennis courts, and a pool, providing exceptional lifestyle value.
The home features a desirable open floor plan, an attached garage with direct access, and a strategic location near hospitals, shopping, and major freeways (60 and 215).
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =1000, other record lot size in square feet = 1306.
The monthly association fee of $333.38 represents a significant recurring cost that may impact the overall affordability and monthly budget for some buyers.
Despite the community's lake-side setting, this specific unit is noted as having no view, which may affect its long-term appreciation compared to units with premium orientations.
This beautifully maintained, fully furnished condo offers a rare move-in-ready opportunity—just bring yourself and settle in. The bright, open floor plan features a modern kitchen with stainless-steel appliances, two spacious bedrooms, two full bathrooms, and a large private covered patio perfect for relaxing or entertaining. Additional highlights include an attached garage with direct access and convenient guest parking. Residents enjoy resort-style amenities including a lake with paddle boating and fishing, pool and spa, fitness center, tennis courts, playgrounds, BBQ areas, clubhouse, and recreation room. Ideally located near shopping, dining, schools, hospitals, Lake Perris, and easy access to the 60 and 215 freeways, this home is perfect for first-time buyers, downsizers, or investors seeking exceptional value in one of Moreno Valley’s most desirable communities.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,140 | - |
| Lot Size | 1,000 | - |
| Price | $345.0K | $405.5K |
| Price per sq ft | $303 | $240 |
| Built year | 2005 | 0 |
| HOA | $333.38 | $0 |
| Days on market | 41 | 75 |
Jun 11, 2026
$345,000
Initial Listing
Dec 4, 2009
$73,500
Public Record
May 8, 2007
$268,000
Public Record
Feb 24, 2006
$255,500
Public Record