
Moreno Valley, California 92551
This Condominium represents a Strong Value Opportunity, listed at $340,000—positioned well above the $314,517 Fair Market Value by 8%. While the list price reflects a premium, the property offers a Condition Rating of 3, featuring updated wood-look laminate flooring and a functional layout. Residents benefit from resort-style amenities, including a scenic lake, pool, and fitness center. With its proximity to major freeways and shopping, this move-in ready home is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking low-maintenance living.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 25898 Iris Subject | $340,000* List Price | 2 | 2 | 1,064 | $296 | - |
A 25868 Iris Avenue B Sold | $365,000 | 2 | 3 | 1,444 | $253 | 0.0 mi |
B 25796 Iris A Sold | $350,000 | 2 | 2 | 1,140 | $307 | 0.1 mi |
C 25880 Iris Avenue A Sold | $360,000 | 2 | 2 | 1,064 | $338 | 0.1 mi |
D 25882 Iris Unit B Sold | $349,900 | 2 | 3 | 1,444 | $242 | 0.1 mi |
E 25890 Iris Ave B Active | $400,000 List Price | 2 | 3 | 1,444 | $277 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2006 (20 years old), the property is well-maintained and move-in ready. It features updated wood-look laminate flooring and functional, original kitchen and bathroom components that remain in good condition.
The community offers an extensive array of amenities including a scenic lake for boating and fishing, a swimming pool, spa, fitness center, and tennis courts, providing exceptional lifestyle value.
Conveniently situated within walking distance to shopping and dining, the property also offers easy access to the 60 and 215 freeways and is located near schools and hospitals.
The condo features a well-maintained layout with highly desirable attributes such as an attached garage with direct access, a private covered patio, and large windows for ample natural light.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1064, other record living area = 1599.
The monthly association fee of $333.38 adds a significant recurring cost to the homeowner's budget, which may impact overall affordability for some buyers.
A recent price reduction of $28,000 within the first 24 days on the market suggests the property may have faced initial challenges with appraisal expectations or buyer demand.
Beautiful Condo in Moreno Valley!! Well maintained 2 bedroom, 2 bath condo with an attached garage. Fantastic opportunity for homeowners or investors seeking value, convenience, and low-maintenance living. Spacious living and dining room . Functional floor plan designed for comfortable living. Large windows with natural light, large private covered patio, the property includes attached garage with direct access, along with additional community parking for yourself and guests. Residents enjoy community amenities, including a scenic lake with paddle boating and fishing events, swimming pool and spa , fitness center, tennis courts, playground, picnic areas with BBQs, clubhouse/ banquet facility, and recreation room .walking distance to shopping, dining , near school, hospitals, easy access to the 60 and 215 freeways.”Seller is a corporate entity in which the listing agent maintains a financial and ownership interest. Listing agent is a licensed California real estate agent.”
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.8 |
| Baths | 2.0 | 2.8 |
| Square foot | 1,064 | 1,399.25 |
| Lot Size | 1,307 | 1,429.333 |
| Price | $340.0K | $382.9K |
| Price per sq ft | $320 | $263 |
| Built year | 2006 | 2001 |
| HOA | $333.38 | $394 |
| Days on market | 49 | 73 |
Aug 4, 2026
$340,000
$368,000
-8% Price Drop
Initial Listing
Jul 22, 2026
$368,000
Initial Listing
Dec 30, 2009
$125,000
Public Record
Jul 28, 2006
$339,500
Public Record