Realkey.ai
RealKey
‪(213) 433-7766‬

27138 Terrytown Road, Menifee, California 92586, Menifee, 92586 - 2 bed, 2 bath

27138 Terrytown Road, Menifee, California 92586 home-pic-0
ACTIVE$429,900$988/sqft
Est. Value: $377,638
-12%
AboveEstimate
27138 Terrytown Road, Menifee, California 92586
2Beds
2Baths
988Sqft
7,405Lot

Price Vs. Estimate

The estimated value ($377,637.525) is $52,262.475 (12%) lower than the list price ($429,900). 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 = 988.
Top Cons:
Compact Interior Square Footage: With only 988 sqft, the living space is relatively compact, which may be a limitation for those desiring more expansive interiors.

Compared to the nearby listings

Price:$429.9K vs avg $406.0K (+$23,900)57%
Size:988 sqft vs avg 1,404 sqft5%
Price/sqft:$435 vs avg $28895%

More Insights

Built in 1994 (32 years old).
Condition: Built in 1994, this home is well-maintained and clean, offering a turnkey option. However, the kitchen features original-style oak cabinets and laminate countertops, though appliances appear updated to stainless steel. Bathrooms also retain their original 1990s aesthetic with dated vanities, countertops, and strip lighting. While functional, these areas show signs of being outdated and would benefit from minor cosmetic updates to align with current styles.
Year Built
1994
Close
-
List price
$430K
Original List price
$430K
Price/Sqft
$435
HOA
-
Days on market
-
Sold On
-
MLS number
SW26009313
Home ConditionFair
Features
Patio
ViewNeighborhood

About this home

Welcome to this well maintained 2 bedroom, 2 bathroom single story home offering 988 square feet of comfortable living on a spacious 7,405 square foot lot. Located in a peaceful Menifee neighborhood with no HOA and low property taxes, this home is an excellent opportunity for first time buyers looking for a turnkey option in a great area. The living room, dining area, and kitchen are cozy yet functional, providing everything you need for everyday living. From the kitchen to the main living space, the pride of ownership is clear with a clean and well cared for interior throughout. The backyard is a standout feature with a patio area and attractive landscaping that looks great while remaining low maintenance. There is space on both sides of the home, including one side with a large storage shed or the potential to create RV parking. A solid starter home that checks all the boxes and is ready for its next owner.

E
Elizabeth Jones
Listing Agent

Nearby schools

7/10
Ridgemoor Elementary School
Public,•K-5•1.8mi
3/10
Freedom Crest Elementary School
Public,•K-5•1.9mi
5/10
Hans Christensen Middle School
Public,•6-8•1.7mi
4/10
Ethan A Chase Middle School
Public,•6-8•2.8mi
6/10
Menifee Valley Middle School
Public,•6-8•2.8mi
2/10
Pinacate Middle School
Public,•7-8•5.6mi
7/10
Paloma Valley High School
Public,•9-12•2.1mi
4/10
Heritage High School
Public,•9-12•4.4mi

Price History

Date
Event
Price
04/27/01
Sold
$127,500
01/26/94
Sold
$92,000
Condition Rating
Fair
Built in 1994, this home is well-maintained and clean, offering a turnkey option. However, the kitchen features original-style oak cabinets and laminate countertops, though appliances appear updated to stainless steel. Bathrooms also retain their original 1990s aesthetic with dated vanities, countertops, and strip lighting. While functional, these areas show signs of being outdated and would benefit from minor cosmetic updates to align with current styles.
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 = 988.
No HOA & Low Taxes: The absence of an HOA and reported low property taxes significantly reduces monthly ownership costs, enhancing affordability for buyers.
Turnkey & Well-Maintained: Described as 'well maintained' with a 'clean and well cared for interior,' offering a move-in ready experience for buyers.
Spacious & Low-Maintenance Lot: A generous 7,405 sqft lot features attractive, low-maintenance landscaping and a patio, ideal for outdoor living and entertaining.
RV Parking Potential: The property offers valuable space on the side with potential for RV parking, a sought-after amenity for many homeowners.
Ideal First-Time Buyer Opportunity: Positioned as an 'excellent opportunity for first time buyers' and a 'solid starter home' in a peaceful Menifee neighborhood.

Cons

Compact Interior Square Footage: With only 988 sqft, the living space is relatively compact, which may be a limitation for those desiring more expansive interiors.
Limited Bedroom Count: The home features only 2 bedrooms, which might not meet the needs of larger families or individuals requiring additional rooms for guests or a home office.
Aging Systems/Finishes: Built in 1994, while well-maintained, some original systems or finishes may be approaching the end of their typical lifespan, potentially requiring future updates or replacements.
Browse Properties by State Browse housing market trends by state