49440 Conejo, Morongo Valley, California 92256, Morongo Valley, 92256 - 2 bed, 2 bath
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49440 Conejo
Morongo Valley, California 92256
ACTIVE
CONDITION: EXCELLENT
2Beds
2Baths
1,838Sq Ft
8,400Lot Size
Property Price
LIST PRICE$360,000
EST. MARKET VALUE
$387,255
7% BelowMARKET VALUE
SUMMARY
This Renovated Single-Family Residence is a Strong Value Opportunity, listed at $414,000—positioned well below the $455,434 Fair Market Value by 9%. This valuation gap offers $41,434 in Instant Equity for the buyer. Featuring a Condition Rating of 2 with a complete top-to-bottom renovation, the home offers a flexible floor plan and unobstructed panoramic mountain views. This property is an ideal acquisition for Owner-Occupants seeking a move-in-ready sanctuary or Buy-and-Hold Investors looking for a high-quality, low-maintenance asset.
Estimated Market Value
$387,255+$27,255 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Morongo Valley.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 49440 Conejo Subject | $360,000* List Price | 2 | 2 | 1,838 | $211 | - |
A 49455 Rosella Active | $340,000 List Price | 2 | 2 | 1,418 | $240 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Although built in 1964, the property has undergone a complete top-to-bottom renovation within the last year. The interior features modern LVP flooring, fresh paint, and updated hardware. The bathroom is fully remodeled with contemporary large-format tiling and a rain shower head, meeting the criteria for a high-end renovation under 5 years old.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8400, living area = 1838.
- Comprehensive Renovation
The property has been recently updated from top to bottom with modern finishes and stylish touches, offering a move-in-ready experience that appeals to contemporary buyers.
- Versatile Floor Plan
With 1,838 square feet of living space, the flexible layout provides the unique opportunity to easily convert the current two-bedroom configuration into a three-bedroom home to suit various needs.
CONSRISKS & DEFICIENCIES
- Vintage Infrastructure
Despite the recent aesthetic renovations, the original 1964 construction may still feature older underlying systems or structural elements that could require future maintenance compared to newer builds.
- Modest Lot Size for Region
While the 8,400 square foot lot offers potential, it is relatively small for the Morongo Valley market where buyers often seek larger acreage for increased privacy or rural utility.
About 49440 Conejo
Best priced home in Morongo Valley...Beautifully Renovated with Mountain Views! Don’t miss this beautiful home in the rapidly growing community of Morongo Valley! Featuring 2 bedrooms with the potential for a 3rd bedroom and 2 bathrooms. New windows, new floors, new bathrooms, new kitchen, new everything!... this home offers a comfortable and versatile floor plan with a fresh, updated feel throughout. Enjoy beautiful mountain views, peaceful desert surroundings, and plenty of space to make this property your own. Recently reduced and priced to sell! The seller is motivated and ready to make a deal, making this a fantastic opportunity for buyers looking for a move-in-ready home at a great price. Come see it before it’s gone!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1964
- Lot Size
- 8,400 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.5 |
| Baths | 2.0 | 1.7 |
| Square foot | 1,838 | 1,117.538 |
| Lot Size | 8,400 | 50,474.154 |
| Price | $360.0K | $339.1K |
| Price per sq ft | $196 | $305 |
| Built year | 1964 | 1963 |
| HOA | $0 | $0 |
| Days on market | 60 | 99 |
Pricing History
Listed for Sale
Aug 25, 2026
$360,000
$374,900
-4% Price Drop
Initial Listing
Price Change
Aug 13, 2026
$374,900
$399,900
-6% Price Drop
Initial Listing
Price Change
Aug 2, 2026
$399,900
$414,000
-3% Price Drop
Initial Listing
Price Change
Jul 11, 2026
$414,000
Initial Listing
Sold
Apr 26, 2024
$320,000
Public Record
Sold
Oct 31, 2023
$165,000
Public Record
Sold
Oct 30, 2023
$150,000
Public Record
Sold
Feb 10, 2023
$135,000
Public Record