
Morongo Valley, California 92256
This Single Family Residence is a High-Potential Investment Opportunity, listed at $349,000—positioned well below the $361,592 Fair Market Value by 3%. This valuation gap offers $12,592 in Instant Equity. Featuring a Condition Rating of 3, the home includes modern updates like dual-pane windows and central HVAC. With a one-acre lot and Panoramic Mountain Views, it offers significant versatility for Buy-and-Hold Investors or first-time buyers seeking a move-in ready desert retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 9758 Lanning Lane Subject 3 bd · 2 ba · 1,516 sqft · $239 | $349,000* List Price | 3 | 2 | 1,516 | $239 | - |
A 50988 Canyon Road Sold 3 bd · 2 ba · 1,310 sqft · $225 · 0.6 mi | $295,000 | 3 | 2 | 1,310 | $225 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although originally built in 1965, the property has undergone significant renovations within the 5-15 year range. The kitchen features updated oak cabinetry and stainless steel appliances, the flooring has been replaced with modern laminate, and the home features updated systems including central HVAC, an evaporative cooler, and newer dual-pane windows. It is well-maintained and move-in ready.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 43560, living area = 1516.
Situated on a generous one-acre parcel, the property offers breathtaking, unobstructed views of Mount San Gorgonio and the surrounding desert landscape from both the front and back yards.
The home is equipped with both central air conditioning and an evaporative cooler for cost-effective cooling, complemented by newer dual-pane windows that enhance energy efficiency.
Originally built in 1965, the home may require ongoing maintenance or updates to older systems and finishes typical of mid-century desert properties.
While offering a peaceful retreat, the property is located 30 minutes away from major commercial hubs and employment centers in Palm Springs and Joshua Tree, which may be a drawback for some buyers.
Lanning Lane is a charming three bedroom, two full bath home located centrally in Morongo Valley. Well maintained with a nice layout and setting upon a one acre parcel with stunning views from the front and back yards. It would make for a great starter home or possibly a nice, clean income property. As you enter you are greeted by a comfortable living room with lots of windows allowing natural light in. The living area leads into a well appointed exhibition kitchen with plenty of storage, a large five burner gas stove/oven, stainless steel fridge and dishwasher. The bedrooms are good sized and there is an additional room that is the laundry room with extra cabinets and the potential to be extra living space like an office, studio or other. The primary bedroom has a large walk in closet and ensuite bathroom. The exterior of the home boasts great views of the surrounding mountains including mount San Gorgonio. There is a covered back patio to relax on and a paved side patio for additional outdoor living space. Cooled with both central air conditioning and also has a evaporative cooler which will help to save utility costs. The heat is central. Newer dual pane windows throughout help to save on energy costs as well. Morongo Valley is a quaint rural town with some great eateries and locations featuring live music. The town has a real good community feel with a good art scene, town events and a weekly farmers market. Right down the street is the Big Morongo Canyon Preserve which is a natural oasis and bird watchers destination. In Morongo Valley there is a lot of wild life sightings including great horned owls, mule deer, bobcats, quail and roadrunners and as well as much more. The home is only a 30 minute drive to Joshua Tree National Park and in the opposite direction just a 30 minute drive to Palm Springs and the Coachella Valley. Come make this your beautiful home, vacation getaway or rental home under the deserts star filled nights.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.5 |
| Baths | 2.0 | 1.6 |
| Square foot | 1,516 | 1,135.286 |
| Lot Size | 43,560 | 62,426 |
| Price | $349.0K | $344.0K |
| Price per sq ft | $230 | $301 |
| Built year | 1965 | 1963 |
| HOA | $0 | $0 |
| Days on market | 58 | 92 |
Aug 27, 2026
$349,000
Initial Listing
Apr 28, 2017
$180,000
Public Record
Jan 11, 2017
$130,000
Public Record
Mar 8, 2013
$73,000
Public Record
Apr 20, 2009
$70,000
Public Record
Dec 8, 2005
$295,000
Public Record
Aug 16, 2001
$82,500
Public Record