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16100 New Light Way, Moreno Valley, CA 92551

Sale Price: $675,000
Jun 24, 20241,802 sqft3 beds2 baths
Listed by: DARNELL SCHELLS
License #: 01706751
Phone #: 909-201-9555
DARNELL SCHELLS
Source:
CRMLS Logo
MLS #: IV24128760

Property Description

This is a standard sale located in the beautiful City of Moreno Valley. Take this excellent opportunity to purchase an RA-zoned property sitting on over 1 acre of land. The building has three bedrooms and two bathrooms, is currently updated, and functions as a church. The lot has a designated area ready for development and over 30 parking spots. The property features 1,815 sf, including a main seating service area, private offices, a storage room. The property is near new development and elementary, middle, and high school locations. The exterior feature of the property includes a new roof, upgraded stucco, and paint. The parking area is paved, has a block wall surrounding the property, and is enclosed with its private entry gate. This is a perfect location for an owner to live and add additional homes on the lot, multifamily units, ADUs, religious facilities, general office, community center, or childcare upon approved permits. Make this your new development today.
Assignment
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$10,938

TurboHome Estimated Value

$697,100

$387 sqft

High Valuation
$731,955
$406/sqft
Normal Valuation
$697,100
$387/sqft
Low Valuation
$662,245
$368/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$387/sqft$697,100

Neighborhood

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Comparative Value

$520K

$530K

$600K

$665K

$675K

15795 Cobra Dr, Moreno Valley, CA 92551

Sale Price: $520,000

Selected Comparable

24352 Hilda Ct, Moreno Valley, CA 92551

Sale Price: $530,000

Selected Comparable

15864 Ninya Ave, Moreno Valley, CA 92551

Sale Price: $533,000

Selected Comparable

24324 Carman Ln, Moreno Valley, CA 92551

Sale Price: $600,000

Selected Comparable

16100 New Light Way, Moreno Valley, CA 92551

List Price: $665,000

Subject Property

16100 New Light Way, Moreno Valley, CA 92551

Sale Price: $675,000

Selected Comparable

Neighborhood Comps

Subject Property

SUBJECT
16100 New Light Way, Moreno Valley, CA 92551

16100 New Light Way, Moreno Valley, CA 92551

List: $665,000

Listed: 6/24/2024

Area:1,802 sqft
Price/sqft:$369
Beds:3
Baths:2
Year Built:
Lot Size:50,530

Comparable Properties

COMPARABLE
Choose comps
16100 New Light Way, Moreno Valley, CA 92551

16100 New Light Way, Moreno Valley, CA 92551

Sale: $675,000

8/16/20240.00 mi

Area:1,802 sqft
Price/sqft:$375
Beds:3
Baths:2
Year Built:
Weight:24.9%
24324 Carman Ln, Moreno Valley, CA 92551

24324 Carman Ln, Moreno Valley, CA 92551

Sale: $600,000

7/1/20250.37 mi

Area:1,794 sqft
Price/sqft:$334
Beds:4
Baths:3
Year Built:
Weight:19.1%
15864 Ninya Ave, Moreno Valley, CA 92551

15864 Ninya Ave, Moreno Valley, CA 92551

Sale: $533,000

8/20/20240.44 mi

Area:1,585 sqft
Price/sqft:$336
Beds:3
Baths:3
Year Built:
Weight:18.9%
15795 Cobra Dr, Moreno Valley, CA 92551

15795 Cobra Dr, Moreno Valley, CA 92551

Sale: $520,000

8/30/20240.46 mi

Area:1,585 sqft
Price/sqft:$328
Beds:3
Baths:3
Year Built:
Weight:18.6%
24352 Hilda Ct, Moreno Valley, CA 92551

24352 Hilda Ct, Moreno Valley, CA 92551

Sale: $530,000

8/13/20240.48 mi

Area:1,577 sqft
Price/sqft:$336
Beds:3
Baths:3
Year Built:
Weight:18.5%

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