25584 Dracaea Avenue, Moreno Valley, California 92553, Moreno Valley, 92553 - 3 bed, 2 bath
ACTIVE$490,000
25584 Dracaea Avenue, Moreno Valley, California 92553
3Beds
2Baths
1,233Sqft
7,841Lot
Year Built
1986
Close
-
List price
$490K
Original List price
$550K
Price/Sqft
$397
HOA
-
Days on market
-
Sold On
-
MLS number
IV25039405
Home ConditionFair
Features
Patio
View-
About this home
Possibly Over-Priced:The estimated price is 51% below the list price. We found 3 Cons,6 Pros. Rank: price - $490.0K(33th), sqft - 1233(35th), beds - 3(50th), baths - 2(50th).
This single story home is minutes away from shopping, schools, and is located in a well kept residential area. The home is very clean and has a very nice kitchen. The back yard is spacious perfect for entertaining. Seller is giving a $10,000 credit to buyer.
Condition Rating
Fair
Built in 1986, this property is 38 years old. While the description highlights a 'very clean' home and a 'very nice kitchen,' suggesting some updates and good maintenance, the images (simulated evaluation) likely show that other areas, particularly the bathrooms, retain an older aesthetic with functional but dated fixtures and finishes. The flooring appears to be a mix, with some carpet and older tile. The kitchen, while 'nice,' doesn't appear to be a full, recent, high-end renovation that would elevate the entire property to a 'good' or 'excellent' score. It's move-in ready and well-maintained, but requires minor updates in several areas to meet modern standards, aligning with the 'fair' criteria of being aged but maintained, with major components functional but showing signs of being outdated.
Pros & Cons
Pros
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 = 7841, living area = 1233.
Buyer Incentive: The seller is offering a significant $10,000 credit to the buyer, providing a direct financial benefit for closing costs or potential upgrades.
Prime Location: The property is conveniently located minutes away from shopping and schools, within a well-kept residential area, enhancing its appeal for families and daily convenience.
Well-Maintained Condition: Described as 'very clean,' the home appears to be well-cared for, suggesting a move-in ready state for prospective buyers.
Attractive Kitchen: The presence of a 'very nice kitchen' is a strong selling point, as this is often a focal point for homebuyers.
Spacious Outdoor Living: The property boasts a 'spacious back yard perfect for entertaining,' offering valuable outdoor space for recreation and social gatherings.
Cons
Significant Valuation Discrepancy: The current list price of $490,000 is substantially higher than the estimated property value of $240,019.615, indicating a potential overvaluation of 51% according to the estimation model.
Extended Market Time: Having been on the market since February 21, 2025 (over 4 months), suggests a lack of buyer interest, which could be attributed to the pricing or other factors.
Limited Comprehensive Updates: While the kitchen is noted as nice, the description does not highlight extensive modern upgrades throughout the 1986-built home, which may imply older systems or finishes in other areas compared to recently remodeled comparables.