26461 Prairie Ln, Moreno Valley, California 92555, Moreno Valley, 92555 - 3 bed, 2 bath
26461 Prairie Ln
Moreno Valley, California 92555
Property Price
SUMMARY
Analysis of 26461 Prairie Ln, Moreno Valley, California 92555 reveals a property with a current list price of $539,900, which is 16% above the estimated $465,170 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Moreno Valley Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 26461 Prairie Ln Subject | $539,900* List Price | 3 | 2 | 1,548 | $300 | - |
A 15323 Avenida Fiesta Sold | $530,000 | 4 | 2 | 1,772 | $299 | 0.4 mi |
B 15402 Caballo Road Sold | $505,000 | 3 | 3 | 1,382 | $365 | 0.3 mi |
C 27214 Englewood Street Sold | $555,000 | 3 | 3 | 1,691 | $328 | 0.8 mi |
D 26311 Thoroughbred Active Under Contract | $539,900 List Price | 3 | 2 | 1,548 | $349 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
The property was built in 2002, making it 22 years old, which places it just outside the 'Good' category's age range. While described as well-maintained and move-in ready, the listing lacks mention of recent major renovations to the kitchen or bathrooms. The 'upside potential' mentioned in the description suggests that while functional, the interior features and appliances are likely original builder-grade components from the early 2000s that show signs of being outdated.
PROSSTRENGTHS & OPPORTUNITIES
- Exceptional Financing Incentives
The availability of a Bank Homebuyer Grant and a No PMI program provides a significant financial advantage, lowering the barrier to entry for first-time buyers by reducing closing costs and monthly payments.
- Prime Location & Accessibility
Situated in a desirable Moreno Valley neighborhood, the property offers excellent proximity to major freeways, shopping centers, and is within walking distance to local schools.
- Modern Construction & Lot Size
Built in 2002, this home offers a more contemporary infrastructure than older area inventory, paired with a generous 6,534 sq ft lot that provides ample outdoor space for families.
CONSRISKS & DEFICIENCIES
- Inconsistent School Ratings
While some nearby elementary schools perform well, several of the assigned middle and high schools in the district carry lower ratings, which may be a concern for education-focused families.
- Mandatory HOA Costs
The property is subject to a monthly association fee, which adds to the recurring carrying costs and may impose restrictive covenants on property usage or modifications.
About 26461 Prairie Ln
NEW PRICE—now under 539,900 + Bank Homebuyer Grant Available + No PMI (with participating bank). Eligible buyers may use the grant for a permanent rate buydown, closing costs, or down payment (program/eligibility apply). Prime Moreno Valley location near shopping, dining. Buyers may use any lender; grant/No-PMI benefits are available only through the participating bank. (All terms subject to bank/lender/seller approval; buyer to verify all info.) Discover Comfort & Opportunity in the Heart of Moreno Valley. Welcome to 26461 Prairie Ln Moreno Valley Ca, — a charming and well-maintained 3 bed, 2 bath single-family home sitting on a spacious 6,534 sq ft lot, perfect for families, first-time buyers, or investors looking for long-term value. 1,548 sq ft of living space with natural light and functional flow Conveniently located near schools, shopping, and major freeways Established neighborhood with pride of ownership Don't miss this rare chance to own in a desirable Moreno Valley community with upside potential.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2002
- Lot Size
- 6,534 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $88.0 / Month
Neighborhood Insights
Moreno Valley Unified Schools
Lasselle Elementary School
Grades K-5 • 0.7 mi
Victoriano Elementary School
Grades K-5 • 0.8 mi
Armada Elementary School
Grades K-5 • 1.3 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 29% |
| Baths | 2.0 | 3.0 | 21% |
| Square foot | 1,548 | 2,059 | 12% |
| Lot Size | 6,534 | 6,534 | 50% |
| Price | $539.9K | $590.6K | 25% |
| Price per sq ft | $349 | $285 | 86% |
| Built year | 2002 | 2005 | 31% |
| HOA | $88.0 | $34 | 69% |
| Days on market | 2 | 172 | 1% |
Pricing History
Listed for Sale
Mar 5, 2026
$539,900
Initial Listing
Sold
Oct 31, 2014
$260,000
Public Record
Sold
Nov 30, 2010
$161,500
Public Record
Sold
Dec 24, 2002
$188,000
Public Record