26480 Ridgemoor Road, Menifee, California 92586, Menifee, 92586 - 2 bed, 2 bath
ACTIVE$375,000
26480 Ridgemoor Road, Menifee, California 92586
2Beds
2Baths
1,522Sqft
7,405Lot
Price Vs. Estimate
The estimated value ($372,889.84) is $2,110.16 (0%) lower than the list price ($375,000). This property may be overpriced.
Key pros and cons
Top Pros:
55+ Community Benefits: Located within the Sun City Civic Association, offering a tailored lifestyle with access to community amenities and social activities for residents aged 55 and over.
Top Cons:
Age of Property: Built in 1964, the home is 60 years old, which may imply the need for updates to major systems (HVAC, plumbing, electrical) or cosmetic renovations to meet modern standards.
Compared to the nearby listings
Price:$375.0K vs avg $402.4K ($-27,450)35%
Size:1,522 sqft vs avg 1,398.5 sqft67%
Price/sqft:$246 vs avg $29222%
More Insights
Built in 1964 (61 years old).
Condition: Built in 1964, this 60-year-old property's exterior appears well-maintained with a decent roof and paint, suggesting regular upkeep. However, the visible architectural style, windows, and front entrance are dated. Without interior photos, particularly of the kitchen and bathrooms, it's reasonable to assume these key areas, along with other systems, would require minor updates or renovations to meet current aesthetic and functional standards, aligning with the 'Fair' condition criteria.
Year Built
1964
Close
-
List price
$375K
Original List price
$420K
Price/Sqft
$246
HOA
$410
Days on market
-
Sold On
-
MLS number
SW25147803
Home ConditionFair
Features
Good View: Park/Greenbelt, Hills
ViewPark/Greenbelt, Hills
About this home
Charming and spacious two bedroom, two bath home in the 55+ community of Sun City Civic Association.
Nearby schools
7/10
Ridgemoor Elementary School
Public,•K-5•0.9mi
3/10
Freedom Crest Elementary School
Public,•K-5•2.7mi
5/10
Hans Christensen Middle School
Public,•6-8•1.6mi
6/10
Menifee Valley Middle School
Public,•6-8•3.3mi
4/10
Ethan A Chase Middle School
Public,•6-8•3.5mi
2/10
Pinacate Middle School
Public,•7-8•4.7mi
7/10
Paloma Valley High School
Public,•9-12•2.7mi
4/10
Heritage High School
Public,•9-12•4.6mi
Condition Rating
Fair
Built in 1964, this 60-year-old property's exterior appears well-maintained with a decent roof and paint, suggesting regular upkeep. However, the visible architectural style, windows, and front entrance are dated. Without interior photos, particularly of the kitchen and bathrooms, it's reasonable to assume these key areas, along with other systems, would require minor updates or renovations to meet current aesthetic and functional standards, aligning with the 'Fair' condition criteria.
Pros & Cons
Pros
55+ Community Benefits: Located within the Sun City Civic Association, offering a tailored lifestyle with access to community amenities and social activities for residents aged 55 and over.
Scenic Views: The property boasts desirable Park/Greenbelt and Hills views, enhancing its aesthetic appeal and providing a pleasant living environment.
Significant Price Adjustment: The list price has seen substantial reductions from its original, indicating a motivated seller and potentially offering a competitive value proposition for buyers.
Spacious Interior: At 1522 sqft for a 2-bedroom, 2-bath layout, the home offers a generous amount of living space, which is often sought after in 55+ communities.
Established Community: Sun City Civic Association is a well-known and established 55+ community in Menifee, providing a sense of stability and a proven track record of community living.
Cons
Age of Property: Built in 1964, the home is 60 years old, which may imply the need for updates to major systems (HVAC, plumbing, electrical) or cosmetic renovations to meet modern standards.
High Monthly Association Fee: A monthly association fee of $410 is a significant recurring cost that buyers must factor into their budget, potentially impacting affordability for some.
Age-Restricted Market: Being in a 55+ community limits the potential buyer pool, which could lead to longer market times and potentially affect future resale value compared to unrestricted properties.