26825 Lazy Creek Road, Menifee, California 92586, Menifee, 92586 - 5 bed, 3 bath
ACTIVE$950,000
26825 Lazy Creek Road, Menifee, California 92586
5Beds
3Baths
3,040Sqft
50,094Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Flexible Zoning: The property boasts versatile Residential and Commercial zoning within the EDC Zone, offering unique potential for various uses and a broader buyer pool.
Top Cons:
Manufactured Home Status: While on a permanent foundation, the property being a manufactured home may influence perceived value, financing options, and market appeal for some buyers compared to traditional stick-built homes.
Compared to the nearby listings
Price:$950.0K vs avg $404.9K (+$545,050)100%
Size:3,040 sqft vs avg 1,398.5 sqft97%
Price/sqft:$312 vs avg $29265%
More Insights
Built in 2006 (19 years old).
Condition: Built in 2006, this 18-year-old manufactured home is generally well-maintained with updated LVP flooring in main living areas. However, the kitchen and bathrooms retain their original 2006 aesthetic, featuring traditional light wood cabinets, dated countertops, and older light fixtures. While functional and clean, these key areas, along with the fireplace tile, show signs of being outdated and would likely require minor updates or renovations to meet current buyer preferences. The exterior landscaping also appears neglected.
Year Built
2006
Close
-
List price
$950K
Original List price
$1.5M
Price/Sqft
$313
HOA
-
Days on market
-
Sold On
-
MLS number
SW25092517
Home ConditionFair
Features
Good View: Mountain(s)
Deck
Patio
ViewMountain(s)
About this home
A Slice of Heaven in the Hart of Menifee. This property has a Manufactured Home on a permanent foundation with 3,040 sf 5 bedroom and 1 Master Bath with Retreat 3 bath with open floor concept on over A acre of Land. Solar will need to be Assumed by Buyer Two Tuff Shed Studio/Office fully finished inside Automatic Gate with RV access with 4 Car Garage and a 2 Car Garage conversion with plenty of parking covered patio areas and Rose garden with Fruit Trees. Situated in a great location close to everything including shopping , dining, Senior center, Park ,Bus stop and more. With zoning for Residential and Commercial in the EDC Zone Please refer to City for specific uses. Previously Listed as Commercial Property
Condition Rating
Fair
Built in 2006, this 18-year-old manufactured home is generally well-maintained with updated LVP flooring in main living areas. However, the kitchen and bathrooms retain their original 2006 aesthetic, featuring traditional light wood cabinets, dated countertops, and older light fixtures. While functional and clean, these key areas, along with the fireplace tile, show signs of being outdated and would likely require minor updates or renovations to meet current buyer preferences. The exterior landscaping also appears neglected.
Pros & Cons
Pros
Flexible Zoning: The property boasts versatile Residential and Commercial zoning within the EDC Zone, offering unique potential for various uses and a broader buyer pool.
Expansive Lot & Outdoor Features: Situated on over an acre (approx. 1.15 acres) of land, featuring an automatic gate, RV access, covered patio areas, a rose garden, and fruit trees, enhancing lifestyle and utility.
Abundant Parking & Garages: Includes a 4-car garage, a 2-car garage conversion, and ample additional parking, providing extensive space for vehicles, storage, or potential business operations.
Additional Finished Structures: Two fully finished Tuff Shed Studio/Office spaces offer valuable, flexible square footage for work, hobbies, or guest accommodations.
Spacious Main Residence: The 3,040 sqft manufactured home features 5 bedrooms, 3 baths, and an open floor concept, providing generous living space for a large family or diverse needs.
Cons
Manufactured Home Status: While on a permanent foundation, the property being a manufactured home may influence perceived value, financing options, and market appeal for some buyers compared to traditional stick-built homes.
Assumable Solar Obligation: The buyer is required to assume the existing solar agreement, adding an ongoing financial commitment and potential complexity to the purchase.
Significant Price Reduction: A substantial price drop from an original list price of $1.5M to $950K (36.7% reduction) could raise questions about initial pricing strategy, market demand, or potential underlying property issues.