22862 Calcutta Drive, Menifee, California 92587, Canyon Lake, 92587 - 3 bed, 3 bath
22862 Calcutta Drive
Menifee, California 92587
Property Price
SUMMARY
Analysis of 22862 Calcutta Drive, Menifee, California 92587 reveals a Fairly Priced Property with a current list price of $695,000 aligned with the estimated $698,278 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Menifee Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 22862 Calcutta Drive Subject | $695,000* List Price | 3 | 3 | 1,975 | $354 | - |
A 23138 Blue Bird Drive Sold | $849,500 | 3 | 3 | 2,094 | $406 | 0.3 mi |
B 30732 Early Round Drive Sold | $665,000 | 3 | 3 | 2,060 | $323 | 0.3 mi |
C 30846 Early Round Drive Sold | $655,000 | 4 | 3 | 2,137 | $307 | 0.2 mi |
D 31215 Emperor Drive Sold | $690,000 | 3 | 2 | 1,918 | $360 | 0.7 mi |
E 22658 Canyon Lake Drive N Sold | $540,000 | 3 | 2 | 1,394 | $387 | 0.4 mi |
F 22511 Cascade Pending | $754,900 List Price | 3 | 3 | 2,168 | $348 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property is move-in ready and features significant upgrades including travertine flooring throughout and a custom kitchen. While originally built in 1981, the home has been well-maintained and updated with modern amenities like solar panels and water-wise landscaping. It shows minimal wear and tear and does not require immediate renovation, though the styling reflects an older renovation period rather than a brand-new build.
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 = 8712, living area = 1975.
- Versatile Multi-Generational Layout
The unique floor plan features five bedrooms, including two primary suites and a dedicated 'East Wing,' making it ideal for multi-generational living, home businesses, or guest accommodations.
- Energy Efficiency and Low Maintenance
Equipped with solar panels and water-wise landscaping, this property offers significant long-term savings on utility costs and minimal exterior upkeep for the homeowner.
CONSRISKS & DEFICIENCIES
- Property Age
Built in 1981, the home may require more frequent maintenance or updates to original structural and mechanical systems compared to newer constructions in the area.
- High Monthly Carrying Costs
The $356 monthly association fee represents a significant recurring expense that buyers must factor into their total monthly debt-to-income ratio.
About 22862 Calcutta Drive
Wonderful One-Story (With Solar!) 5 bedroom/3 bath Canyon Lake home offering 2 Primary bdrms w/ attached bathrooms! Plus the Spacious East Wing! Ideal for your home business (His and Hers offices!), multi-generational living, or home schooling, a private suite staying close to the heart of the home, or a community gathering place in the bright retreat leading to the covered patio and outside living space which is lush, private and quiet. Home boasts of an open family room with fireplace, custom kitchen that opens up to the dining area and direct access to the garage (Perfect for your family gatherings and company mixers); and travertine flooring throughout, ceiling fans in all rooms, front yard has low maintenance, water-wise landscaping. It's nestled in a quiet street close to the 9th Hole with golf course access! Minutes from the main gate. RV or boat parking available; located minutes from the water, parks, club house; learn more about Canyon Lake and do a 360 tour of the all the amenities on the Canyon Lake POA website. Cut out the commute, have more time with the family, come home to Calcutta. Showings start 3/10/2026!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1981
- Lot Size
- 8,712 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $356.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,975 | 2,198 | 38% |
| Lot Size | 8,712 | 8,276 | 57% |
| Price | $695.0K | $685.0K | 52% |
| Price per sq ft | $352 | $349 | 53% |
| Built year | 1981 | 1987 | 31% |
| HOA | $356.0 | $350 | 83% |
| Days on market | 9 | 189 | 1% |
Pricing History
Listed for Sale
Feb 26, 2026
$695,000
Initial Listing
Sold
Nov 15, 2017
$360,000
Public Record
Sold
May 11, 2010
$226,500
Public Record
Sold
Mar 29, 2002
$172,000
Public Record
Sold
Oct 15, 1999
$135,000
Public Record