27067 Potomac, Menifee, California 92586, Menifee, 92586 - 2 bed, 2 bath
ACTIVE$495,000$1,608/sqft
Est. Value: $490,249
%
FairlyEstimate
27067 Potomac, Menifee, California 92586
2Beds
2Baths
1,608Sqft
7,405Lot
Price Vs. Estimate
The estimated value ($490,249.255) is $4,750.745 (0%) lower than the list price ($495,000). This property may be overpriced.
Key pros and cons
Top Pros:
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 = 7405, living area = 1608.
Top Cons:
Age of Property: Built in 1980, the home is over 40 years old, which may suggest that some systems, finishes, or components could be original and potentially require updating or maintenance in the near future.
Compared to the nearby listings
Price:$495.0K vs avg $406.0K (+$89,000)72%
Size:1,608 sqft vs avg 1,404 sqft68%
Price/sqft:$308 vs avg $28866%
More Insights
Built in 1980 (46 years old).
Condition: Built in 1980, this home is 44 years old. While it appears clean and well-maintained with fresh paint and newer carpet in some areas, the kitchen features dated white appliances, laminate countertops, and older cabinet styles with fluorescent lighting. The master bathroom has a very dated gold-framed shower and older fixtures. The guest bathroom has a slightly more updated vanity but still a standard tub/shower. The property is functional and livable but requires significant aesthetic updates to the kitchen and bathrooms to meet modern standards, aligning with the 'fair' condition criteria.
Year Built
1980
Close
-
List price
$495K
Original List price
$495K
Price/Sqft
$308
HOA
-
Days on market
-
Sold On
-
MLS number
SW26010405
Home ConditionFair
Features
Good View: Creek/Stream
Patio
ViewCreek/Stream
About this home
Perfect for first-time buyers or investors, this 2-bedroom, 2-bathroom home offers 1,608 square feet of comfortable living space in a welcoming all age neighborhood with no HOA and low taxes. Situated on a spacious 7,405-square-foot lot, the home provides room to grow, relax, and entertain. The backyard backs to Salt Creek, offering a peaceful setting with access to a walking and biking trail, ideal for enjoying the outdoors right from home. With a functional layout, generous lot size, and a location that blends convenience with nature, this home is a wonderful opportunity to start building equity in a desirable community.
S
Shannon Bender
Listing Agent
Nearby schools
7/10
Ridgemoor Elementary School
Public,•K-5•1.7mi
3/10
Freedom Crest Elementary School
Public,•K-5•2.0mi
5/10
Hans Christensen Middle School
Public,•6-8•1.8mi
6/10
Menifee Valley Middle School
Public,•6-8•2.7mi
4/10
Ethan A Chase Middle School
Public,•6-8•2.9mi
2/10
Pinacate Middle School
Public,•7-8•5.7mi
7/10
Paloma Valley High School
Public,•9-12•1.9mi
4/10
Heritage High School
Public,•9-12•4.5mi
Price History
Date
Event
Price
02/23/07
Sold
$300,000
Condition Rating
Fair
Built in 1980, this home is 44 years old. While it appears clean and well-maintained with fresh paint and newer carpet in some areas, the kitchen features dated white appliances, laminate countertops, and older cabinet styles with fluorescent lighting. The master bathroom has a very dated gold-framed shower and older fixtures. The guest bathroom has a slightly more updated vanity but still a standard tub/shower. The property is functional and livable but requires significant aesthetic updates to the kitchen and bathrooms to meet modern standards, aligning with the 'fair' condition criteria.
Pros & Cons
Pros
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 = 7405, living area = 1608.
Financial Advantage: The property benefits from no HOA fees and low property taxes, significantly reducing the monthly cost of homeownership and enhancing its appeal to first-time buyers and investors.
Exceptional Outdoor Living & Recreation: Situated on a spacious 7,405-square-foot lot, the backyard backs directly to Salt Creek, offering a peaceful setting with convenient access to a walking and biking trail for outdoor enjoyment.
Broad Market Appeal: Explicitly marketed as 'perfect for first-time buyers or investors,' the property is positioned to attract a wide range of purchasers, indicating strong demand potential.
Established & Welcoming Community: Located in a 'welcoming all age neighborhood' within a 'desirable community,' providing a stable and pleasant living environment.
Comfortable & Functional Living Space: Offering 1,608 square feet of living space with a functional layout, the 2-bedroom, 2-bathroom home provides comfortable accommodation suitable for various lifestyles.
Cons
Age of Property: Built in 1980, the home is over 40 years old, which may suggest that some systems, finishes, or components could be original and potentially require updating or maintenance in the near future.
Limited Bedroom Count: With only two bedrooms for 1,608 square feet, the property might not meet the space requirements for larger families or those needing additional rooms for offices or guests, potentially narrowing the buyer pool.
Inconsistent School Ratings: While some local schools are well-rated, the presence of other schools with lower ratings (e.g., 2-3 out of 10) could be a consideration for families prioritizing consistently high-performing educational options across all levels.