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$339,900
EST. MARKET VALUE
$359,900
5% BelowMARKET VALUE
SUMMARY
This Completely Renovated Single Family Residence represents a Strong Value Opportunity, listed at $339,900—positioned well below the $359,900 Fair Market Value by 5%. This valuation gap offers $20,000 in Instant Equity for the buyer. Featuring a Condition Rating of 2, the home includes a new kitchen, modern bathrooms, and scenic Mountain Views. With a versatile floor plan and large 8,400 sqft lot, this property is an ideal acquisition for Owner-Occupants or first-time buyers seeking a move-in ready home.
Estimated Market Value
$359,900+$20,000 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 2 bd · 2 ba · 1,838 sqft · $196 | $339,900* List Price | 2 | 2 | 1,838 | $196 | - |
A 49455 Rosella Active 2 bd · 2 ba · 1,418 sqft · $233 · 0.3 mi | $330,000 List Price | 2 | 2 | 1,418 | $233 | 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 recent renovation including a new kitchen, new bathrooms, new flooring, and new windows. The interior features a modern aesthetic and the presence of a new mini-split HVAC system indicates updated mechanicals, meeting the criteria for a recent high-quality renovation.
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 Renovations
The property has been completely updated with new windows, flooring, kitchen, and bathrooms, offering a modern, move-in-ready interior that eliminates the need for immediate capital improvements.
- Competitive Pricing and Value
Positioned as the best-priced home in Morongo Valley with a motivated seller and recent price reductions, this property offers significant value in a rapidly growing desert community.
CONSRISKS & DEFICIENCIES
- Vintage Infrastructure
Originally built in 1964, the property may have underlying structural or utility systems that reflect its age, despite the extensive cosmetic and surface-level renovations.
- Market Momentum
The history of multiple price reductions within the first 30 days on the market suggests that the initial list price was disconnected from current buyer demand in the local area.
About 49440 Conejo
Absolutely best priced home in Morongo Valley!!!. Do not miss this completely renovated and beautiful home in the rapidly growing community of Morongo Valley!. Featuring 2 bedrooms and 2 bathrooms with the potential for a 3rd bedroom. New windows, new floors, new bathrooms, new kitchen, new everything!! This home offers a comfortable and versatile floor plan with a fresh, modern feel throughout. Enjoy beautiful mountain views from your backyard, peaceful desert surroundings, and plenty of space to make this property your own. 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!
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 | 1.6 |
| Square foot | 1,838 | 1,135.286 |
| Lot Size | 8,400 | 62,426 |
| Price | $339.9K | $344.0K |
| Price per sq ft | $185 | $301 |
| Built year | 1964 | 1963 |
| HOA | $0 | $0 |
| Days on market | 40 | 92 |
Pricing History
Listed for Sale
Oct 9, 2026
$339,900
$349,000
-3% Price Drop
Initial Listing
Price Change
Sep 25, 2026
$349,000
$359,900
-3% Price Drop
Initial Listing
Price Change
Sep 14, 2026
$359,900
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