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16193 Space Drive, Moreno Valley, California 92551, Moreno Valley, 92551 - 2 bed, 2 bath

16193 Space Drive, Moreno Valley, California 92551 home-pic-0
ACTIVE$545,000
16193 Space Drive, Moreno Valley, California 92551
2Beds
2Baths
970Sqft
7,841Lot
Year Built
1989
Close
-
List price
$545K
Original List price
$499K
Price/Sqft
$562
HOA
-
Days on market
-
Sold On
-
MLS number
IG25180624
Home ConditionFair
Features
Patio
ViewNeighborhood

About this home

Possibly Over-Priced:The estimated price is 16% below the list price. We found 3 Cons,5 Pros. Rank: price - $545.0K(52th), sqft - 970(8th), beds - 2(10th), baths - 2(37th).

SUBTO FINANCE AVAILABLE! Your dream home just got easier to own! This isn’t just another listing, it’s your golden ticket to homeownership, thanks to flexible seller financing that puts you in control. Say goodbye to the traditional mortgage hassle and hello to a smoother, faster path to moving in. Step inside this charming 2-bedroom, 2-bath beauty, perfectly nestled on a generous 7,841 sq ft lot. Imagine waking up in a neighborhood where the schools are top rated, the parks are less than a mile away, and your favorite restaurants and shopping centers are just around the corner. On weekends, stroll to the park, grab coffee nearby, or take a quick 1 mile drive to Moreno Valley College. And if life throws a curveball, you’re only 2.5 miles from the hospital convenience and peace of mind in one perfect package. NO HOA ! The home itself is warm and inviting, with bright living spaces ready for your personal touch. The oversized lot opens up endless possibilities host summer BBQs, create a lush garden oasis, or even explore adding an ADU for extra income. This home also qualifies for FHA and even zero down with VA Loans! With a location this good and seller financing on the table, this opportunity won’t wait. The question isn’t “should I?”, it’s “how fast can I make it mine?”

Price History

Date
Event
Price
08/14/25
Price Change
$545,000+9.2%
08/11/25
Listing
$499,000
Condition Rating
Fair
Built in 1989, this property is 35 years old. While the exterior appears well-maintained and some kitchen appliances (range, microwave, dishwasher) have been updated to stainless steel, the overall interior finishes, including the white cabinets, countertops, and large square ceramic tile flooring throughout, are dated. Some light fixtures are also outdated. The property is functional and maintained but clearly shows its age and would benefit from cosmetic updates, aligning with the 'fair' condition criteria for a home built 25-40 years ago with no major recent renovations.
Pros & Cons

Pros

Flexible Financing Options: The availability of SUBTO (Subject-To) financing, flexible seller financing, and eligibility for FHA/VA loans significantly broadens the buyer pool and eases the path to homeownership, making it highly accessible.
Generous Lot Size & ADU Potential: The oversized 7,841 sq ft lot provides ample outdoor space for various uses and explicitly mentions the potential for adding an Accessory Dwelling Unit (ADU), offering future expansion or income opportunities.
Prime Location & Amenities: The property boasts a highly convenient location with top-rated schools, parks, restaurants, shopping centers, Moreno Valley College, and a hospital all within close proximity, enhancing lifestyle appeal.
No Homeowners Association (HOA): The absence of an HOA is a significant advantage, saving buyers from recurring monthly fees and providing greater freedom regarding property modifications and usage.
Single-Family Residence: As a detached single-family home, it offers greater privacy, potential for appreciation, and generally higher desirability compared to attached housing options.

Cons

Compact Interior Size: With only 970 sq ft for a 2-bedroom, 2-bath layout, the interior living space is quite small, which may limit its appeal to larger families or those desiring more spacious accommodations.
Age of Property: Built in 1989, the home is 35 years old, suggesting that major systems (e.g., HVAC, roof, plumbing, electrical) may be original or nearing the end of their useful life, potentially requiring future capital expenditures for updates or replacements.
Recent Price Increase: The list price has recently increased from $499,000 to $545,000, which could raise questions for potential buyers about the valuation and market strategy, potentially making it seem less competitive.

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