26279 Iris Avenue E, Moreno Valley, California 92555, Moreno Valley, 92555 - 3 bed, 3 bath
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Moreno Valley, California 92555
This Spacious Modern Condominium is a Strong Value Opportunity, listed at $409,000—positioned well below the $423,611 Fair Market Value by 3%. This valuation gap provides $14,611 in Instant Equity. Boasting a Condition Rating of 3, the move-in-ready interior features a Granite Kitchen, Stainless Steel Appliances, and a private Patio. Located within walking distance of Victoriano Elementary School, the 2006 construction ensures contemporary energy standards. This is an ideal acquisition for Owner-Occupants or first-time buyers seeking a polished home with built-in financial upside.
Property is move-in ready.
Built in 2006, this property is approximately 18 years old, placing it squarely in the 'good' category. The home is move-in ready with well-maintained systems and finishes, including granite countertops and stainless steel appliances in the kitchen. While it retains many original features and has not undergone a full recent renovation, it shows minimal wear and tear and meets all current functional standards.
Built in 2006, this condominium offers contemporary building standards and a modern layout, providing better energy efficiency and structural reliability than older units in the area.
With 1,544 square feet and a three-bedroom, three-bathroom configuration, the property provides a generous and functional living space suitable for families or those requiring a home office.
The property is conveniently located near several educational institutions, including Victoriano Elementary and Vista Del Lago High School, making it an ideal choice for families with school-aged children.
The monthly HOA fee of $550 is substantial and may impact the overall affordability and debt-to-income ratio for prospective buyers.
The courtyard view, while well-maintained, offers limited privacy and lacks the expansive or scenic vistas often sought after by buyers in this price segment.
Exceptional opportunity in Moreno Valley. This spacious residence offers a versatile layout ideal for modern living. Situated on a quiet street in a highly desirable area.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-5 • 0.7 mi
Grades K-5 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.5 | 50% |
| Baths | 3.0 | 2.5 | 50% |
| Square foot | 1,544 | 1,289 | 75% |
| Lot Size | - | 555 | 50% |
| Price | $409.0K | $395.0K | 75% |
| Price per sq ft | $265 | $301 | 25% |
| Built year | 2006 | 2006 | 50% |
| HOA | $550.0 | $410 | 75% |
| Days on market | 39 | 121 | 25% |
Mar 14, 2026
$409,000
Initial Listing
Nov 14, 2012
$105,000
Public Record
Aug 24, 2007
$310,000
Public Record