26020 Ridgemoor, Menifee, California 92586, Menifee, 92586 - 2 bed, 2 bath
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Menifee, California 92586
This Senior Community Residence represents a High-Potential Investment Opportunity, listed at $475,000—positioned well above the $410,883 Fair Market Value by -15%. While the property requires modernization, its Condition Rating of 4 is bolstered by a 5-year-old roof and a large 7,405 sqft lot. The versatile floor plan, including a den and enclosed all-purpose room, offers significant value-add potential. This asset is best suited for Buy-and-Hold Investors or Retirees seeking a customizable home in a stable Menifee neighborhood.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 26020 Ridgemoor Subject | $475,000* List Price | 2 | 2 | 1,582 | $260 | - |
A 29110 Del Monte Sold | $350,000 | 2 | 2 | 1,404 | $249 | 0.4 mi |
B 29130 Prestwick Sold | $360,000 | 3 | 2 | 1,308 | $275 | 0.4 mi |
C 29217 Desert Hills Road Sold | $400,000 | 2 | 2 | 1,732 | $231 | 0.8 mi |
D 26280 Ridgemoor Sold | $332,500 | 3 | 2 | 1,308 | $254 | 0.2 mi |
E 25784 Roanoke Sold | $398,000 | 3 | 2 | 1,603 | $248 | 0.9 mi |
F 26656 Sun City Blvd Sold | $402,000 | 2 | 2 | 1,708 | $235 | 0.8 mi |
G 28731 Portsmouth Drive Active | $415,000 List Price | 2 | 2 | 1,549 | $268 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1965, the property is well-maintained but dated. While the roof is relatively new (approx. 5 years), the kitchen features older tile countertops, dated cabinetry, and aging appliances that likely exceed 20-30 years. The interior has updated hard-surface flooring, but the overall aesthetic and systems require modernization to meet current standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7405, living area = 1582.
The property features a highly functional floor plan including a dedicated den/office and a large enclosed all-purpose room with a wood-burning fireplace, providing significant additional square footage for hobbies or guests.
With a roof that is approximately only five years old, the home offers improved structural integrity and reduced immediate maintenance costs for the incoming buyer.
Being situated in a senior community limits the potential buyer pool to a specific demographic, which can result in a longer time on market compared to non-restricted residential areas.
Built in 1965, the property may require updates to original systems or cosmetic modernizations to align with current contemporary design trends and buyer expectations.
Spacious 2 Bedroom 2 Bathroom with additional room for den, office or family room in the senior community of Menifee. Large kitchen with lots of cabinets and adjoining dining area. The dining area opens to very large enclosed all-purpose room with a wood burning fireplace. Light and bright inside with many ceiling fans. Hard surface floors throughout. Two car garage with washer dryer hook-ups for gas dryer. Roof is approximately 5 years old.
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades K-5 • 3.0 mi
Grades 6-8 • 1.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,582 | 1,404 | 66% |
| Lot Size | 7,405 | 7,405 | 50% |
| Price | $475.0K | $399.0K | 74% |
| Price per sq ft | $300 | $292 | 54% |
| Built year | 1965 | 1975 | 30% |
| HOA | $450.0 | $94 | 85% |
| Days on market | 3 | 138 | 3% |
Jun 3, 2026
$475,000
Initial Listing
Sep 3, 1998
$76,000
Public Record
Mar 18, 1998
$49,000
Public Record