23545 Norma, Menifee, California 92587, Menifee, 92587 - 2 bed, 1 bath
23545 Norma
Menifee, California 92587
Property Price
SUMMARY
Analysis of 23545 Norma, Menifee, California 92587 reveals a Fairly Priced Property with a current list price of $379,000 aligned with the estimated $368,317 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. 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 |
|---|---|---|---|---|---|---|
★ 23545 Norma Subject | $379,000* List Price | 2 | 1 | 887 | $415 | - |
A 23821 Norma Drive Sold | $430,000 | 3 | 2 | 1,030 | $417 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Although originally built in 1947, the property has undergone an extensive recent renovation that brings it up to modern standards. The interior features a fully remodeled kitchen with new shaker-style cabinetry, stone countertops, and stainless steel appliances. Additional updates include a modernized bathroom, consistent tile flooring throughout, new vinyl windows, fresh interior and exterior paint, and a new front entry door, meeting the criteria for a property renovated within the last 5 years with no deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Modernized Interior
The home features significant updates including a remodeled kitchen, fresh interior paint, and tile flooring, offering a move-in-ready experience for buyers.
- Competitive Entry-Level Pricing
Priced at $379,000, this property represents an excellent value proposition in the Menifee market, attracting strong interest from first-time homebuyers and investors.
- Enhanced Curb Appeal
A large covered front porch combined with fresh exterior paint and a new front door entry creates an inviting first impression and functional outdoor living space.
CONSRISKS & DEFICIENCIES
- Compact Living Space
With under 900 square feet of living area and a 1947 build date, the home may feel restrictive for buyers seeking modern, open-concept layouts or larger rooms.
- Single Bathroom Limitation
The property features only one bathroom for two bedrooms, which can be a significant inconvenience for multi-person households and may impact future resale value.
About 23545 Norma
Updated single-family home located in the Quail Valley area of Menifee offering excellent value and strong buyer appeal. This home features a large covered front porch with a new front door entry. The interior includes a remodeled kitchen, utility room, two bedrooms, and one bathroom. Additional highlights include tile flooring, vinyl sliding windows, fresh interior and exterior paint, and a freestanding fireplace. Conveniently located near shopping, dining, and commuter routes. Homes at this price point are receiving significant buyer interest. Buyers are encouraged to schedule a showing promptly and submit their strongest offers.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1947
- Lot Size
- 4,792 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 4% |
| Baths | 1.0 | 3.0 | 4% |
| Square foot | 887 | 2,198 | 3% |
| Lot Size | 4,792 | 8,276 | 5% |
| Price | $379.0K | $685.0K | 1% |
| Price per sq ft | $427 | $349 | 81% |
| Built year | 1947 | 1987 | 2% |
| HOA | $0 | $350 | 12% |
| Days on market | 3 | 189 | 1% |
Pricing History
Listed for Sale
Mar 4, 2026
$379,000
Initial Listing