25882 Iris Unit B, Moreno Valley, California 92551, Moreno Valley, 92551 - 2 bed, 3 bath
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Moreno Valley, California 92551
This Move-In Ready Condominium is a Strong Value Opportunity, listed at $349,900—positioned well below the $354,821 Fair Market Value by 1.39%. This valuation gap offers $4,921 in Instant Equity for the buyer. Featuring a Good Condition Rating, the home includes a modern kitchen and a functional dual ensuite layout perfect for privacy. Located in a secure gated community, this property is an ideal acquisition for first-time buyers or Buy-and-Hold Investors seeking a low-maintenance, turnkey asset in Moreno Valley.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 25882 Iris Unit B Subject | $349,900* List Price | 2 | 3 | 1,444 | $246 | - |
A 25840 Iris Avenue B Sold | $389,900 | 2 | 3 | 1,444 | $270 | 0.0 mi |
B 25796 Iris C Sold | $400,000 | 3 | 3 | 1,599 | $250 | 0.1 mi |
C 25820 Iris Avenue C Sold | $409,000 | 3 | 3 | 1,597 | $256 | 0.1 mi |
D 25796 Iris A Sold | $350,000 | 2 | 2 | 1,140 | $307 | 0.1 mi |
E 15611 Lasselle Street 21 Sold | $418,000 | 3 | 3 | 1,644 | $254 | 0.2 mi |
F 15661 Lasselle St 84 Sold | $390,000 | 3 | 3 | 1,599 | $244 | 0.2 mi |
G 25868 Iris Avenue B Pending | $365,000 List Price | 2 | 3 | 1,444 | $253 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2006, the property falls exactly into the 20-year age bracket for 'Good' condition. It is well-maintained and move-in ready with a functional kitchen featuring granite countertops and clean, updated flooring and paint throughout.
Both bedrooms feature private bathrooms, providing an ideal setup for roommates, guests, or a home office while ensuring maximum privacy.
The property has been beautifully updated with a modern kitchen and functional floorplan, offering a turnkey solution for first-time buyers or investors.
Situated within the Palacio De Oro South gated community, residents benefit from enhanced security, professional maintenance, and proximity to local amenities and commuter routes.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =56932920, other record lot size in square feet = 1306.
The unit includes only a one-car attached garage, which may present challenges for households with multiple vehicles or frequent guests.
The monthly association fee of $333.38 adds a fixed cost to the ownership budget, which may impact the overall affordability for some prospective buyers.
Beautifully updated 2 bedroom, 2.5 bathroom condominium located within the gated community of Palacio De Oro South in Moreno Valley. Offering over 1,400 square feet of comfortable living space, this move-in ready home features an open and functional floorplan with a spacious living room, dining area, and a modern kitchen overlooking the main living space — perfect for both everyday living and entertaining. Downstairs features a convenient half bathroom, indoor laundry room, and direct access to the attached one-car garage. Upstairs, the large primary suite offers a walk-in closet, dual sink vanity, and private toilet area. The second bedroom also includes its own private bathroom, making the layout ideal for guests, roommates, or a home office setup. Conveniently located near shopping, dining, parks, schools, RCC Moreno Valley Campus, and major commuter routes. Low maintenance living in a well-maintained gated community with amenities and pride of ownership throughout. A great opportunity for first-time buyers, investors, or anyone seeking comfortable and convenient living in the heart of Moreno Valley.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 27% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,444 | 1,599 | 27% |
| Lot Size | 56,932,920 | - | 91% |
| Price | $349.9K | $409.0K | 9% |
| Price per sq ft | $242 | $254 | 27% |
| Built year | 2006 | 2007 | 45% |
| HOA | $333.38 | $320 | 55% |
| Days on market | 18 | 155 | 9% |
May 19, 2026
$349,900
Initial Listing
Nov 5, 2010
$113,000
Public Record
Oct 27, 2010
$110,000
Public Record
Oct 8, 2010
$95,000
Public Record
Apr 21, 2006
$309,500
Public Record