26280 Ridgemoor, Menifee, California 92586, Menifee, 92586 - 3 bed, 2 bath
26280 Ridgemoor
Menifee, California 92586
Property Price
SUMMARY
Analysis of 26280 Ridgemoor, Menifee, California 92586 reveals a Prime Investment Opportunity with a current list price of $345,000—significantly undercutting the $384,535 Fair Market Value by 10%. This valuation gap indicates a +$39,535 Instant Equity potential for buyers. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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 |
|---|---|---|---|---|---|---|
★ 26280 Ridgemoor Subject | $345,000* List Price | 3 | 2 | 1,308 | $294 | - |
A 26063 Ridgemoor Sold | $435,000 | 3 | 2 | 1,313 | $331 | 0.2 mi |
B 29060 Del Monte Drive Sold | $300,000 | 3 | 2 | 1,308 | $229 | 0.2 mi |
C 28890 Snead Sold | $390,000 | 3 | 2 | 1,338 | $291 | 0.6 mi |
D 29085 Griffith Drive Sold | $320,000 | 3 | 2 | 1,313 | $244 | 0.8 mi |
E 29061 Griffith Dr Sold | $340,000 | 2 | 2 | 1,204 | $282 | 0.8 mi |
F 28821 Del Monte Drive Sold | $320,000 | 2 | 2 | 1,299 | $246 | 0.2 mi |
G 29130 Prestwick Active Under Contract | $356,000 List Price | 3 | 2 | 1,308 | $272 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1964, this home is functional and well-maintained but significantly outdated. The kitchen and bathrooms feature older cabinetry, laminate surfaces, and aged appliances that lack modern style. While the property benefits from recent maintenance like termite clearance and new attic insulation, the interior requires comprehensive cosmetic updates to flooring, fixtures, and finishes to meet current market expectations.
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 = 1308.
- Enhanced Privacy
The property backs onto a former golf course, ensuring no rear neighbors and providing a more open, private atmosphere for the backyard.
- Pre-Listing Maintenance
Key maintenance items have already been addressed, including a full termite clearance and brand-new attic insulation, offering peace of mind to the buyer.
CONSRISKS & DEFICIENCIES
- Cosmetic Renovations Required
The home needs minor cosmetic work to reach its full potential, which may require an additional investment of time and capital from the new owner.
- High Association Fees
The monthly association fee of $451 is relatively high for a property of this age and size, which could impact the overall monthly carrying costs for budget-conscious buyers.
About 26280 Ridgemoor
This home has so much potential! With already having full termite clearance as well as completely new insulation in the attic, those can be checked off the list. There's some minor cosmetic work to do to the home but that's what makes this the perfect home to make your own. Sitting on the golf course, or what used to be the golf course means no neighbors behind you! The garage has a back rollup garage door to allow access to the utility area and the back yard, perfect for a golf cart. Priced to move! Motivated seller!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1964
- Lot Size
- 8,712 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $451.0 / Month
Neighborhood Insights
Menifee Unified Schools
Ridgemoor Elementary School
Grades K-5 • 0.8 mi
Freedom Crest Elementary School
Grades K-5 • 2.7 mi
Hans Christensen Middle School
Grades 6-8 • 1.7 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 56% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,308 | 1,404 | 36% |
| Lot Size | 8,712 | 7,405 | 85% |
| Price | $345.0K | $405.0K | 25% |
| Price per sq ft | $264 | $288 | 36% |
| Built year | 1964 | 1976 | 26% |
| HOA | $451.0 | $94 | 98% |
| Days on market | 3 | 171 | 1% |
Pricing History
Listed for Sale
Mar 4, 2026
$345,000
Initial Listing
Sold
Apr 10, 1998
$95,000
Public Record
Sold
Oct 13, 1994
$91,500
Public Record