27228 Terrytown, Menifee, California 92586, Menifee, 92586 - 2 bed, 2 bath

27228 Terrytown, Menifee, California 92586 home-pic-0

27228 Terrytown

Menifee, California 92586

ACTIVE
CONDITION: FAIR
2Beds
2Baths
1,770Sq Ft
7,405Lot Size

Property Price

LIST PRICE$465,000
EST. MARKET VALUE
$460,142

SUMMARY

Analysis of 27228 Terrytown, Menifee, California 92586 reveals a Fairly Priced Property with a current list price of $465,000  aligned with the estimated $460,142 Fair Market Value. This represents a stable investment opportunity at market rate. 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

$460,142
Based on Realkey algorithm analyzing recent comparable sales in Menifee.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
27228 Terrytown
Subject
$465,000*
List Price
221,770$260-
A
30253 Pebble Beach Drive
Sold
$463,000221,785$2590.3 mi
B
29872 Pebble Beach Dr.
Sold
$505,000321,785$2830.1 mi
C
26328 Columbus
Sold
$337,000321,715$1970.9 mi
D
29770 Avenida De Real
Sold
$515,000421,600$3220.6 mi
E
26573 Braddock Road
Sold
$495,000321,523$3250.7 mi
F
29331 Mawr Court
Sold
$460,000321,715$2680.9 mi
G
29648 Calle Tomas
Active
$549,000
List Price
321,863$2950.3 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Fair
TeardownExcellent

Property is moderate renovation needed.

Built in 1990, this property is in mostly original condition and shows signs of being outdated, consistent with the 'Fair' criteria. While the home is functional and features some updates like plantation shutters and a new water heater, the kitchen and bathrooms retain 1990s-era oak cabinetry, older white appliances, and Corian countertops. The listing's mention of needing 'TLC' and the visible wear on carpets and older fixtures indicate that while the home is maintained, it requires cosmetic modernization to meet current standards.

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 = 7405, living area = 1770.

  • No HOA Dues

    Situated in a 55+ community with no HOA fees, offering significant monthly savings and financial flexibility compared to neighboring age-restricted developments.

  • RV Amenities

    The property features rare RV access, dedicated parking, and hook-ups, making it an ideal choice for active adults with recreational vehicles.

CONSRISKS & DEFICIENCIES

  • Required Improvements

    The home is noted to need 'TLC,' indicating that buyers should expect immediate investments in cosmetic updates or repairs to modernize the 1990s interior.

  • Age-Restricted Market

    Being located in a 55+ community limits the potential buyer pool to a specific demographic, which can impact resale liquidity compared to all-age neighborhoods.

About 27228 Terrytown

THE SELLER IS WILLING TO OFFER A CARPET AND PAINT ALLOWANCE TO THE BUYER - 2-Bedroom, 2-Bath Home Menifee 55+ Active Community with NO HOA DUES! This spacious single-story, 2-bedroom, 2-bath home needs some TLC and has 1,770 sq. ft. of comfortable living space, complete with RV access, parking, and hook-ups, in the desirable 55+ Serenade Menifee community with an active HOA with no HOA dues. Step inside to a bright, open floor plan featuring high ceilings, a dining room, and a living room with a cozy fireplace, and stylish plantation shutters. A plantation shuttered slider door opens to the permitted sunroom that provides a wonderful bonus space for relaxing, reading, or entertaining guests, offering both living room and patio access. The open kitchen features Corian countertops, tile flooring, abundant cabinetry, a pocket door, and patio access through a plantation shuttered sliding door to the patio with an Alumawood patio cover. A separate laundry room including a washer and dryer is conveniently located off the kitchen with direct access to the 2-car garage equipped with a workbench, shelving, utility sink, and ample storage. The spacious primary ensuite has a cedar-lined closet, primary bathroom with a double-sink vanity, high windows, walk-in closet and hydro-massage tub. The guest bedroom offers a high ceiling and a separate full bathroom that is perfect for guests. The front yard has low-maintenance landscaping, and you can enjoy the mature grapefruit and tangerine trees in the back yard. Additional features include a security system, dual-pane windows and ceiling fans throughout, and a new water heater. Situated in a quiet, established neighborhood close to shopping, dining, medical facilities and biking trails, this property combines comfort, convenience, and low-maintenance living without the added cost of HOA dues.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1990
Lot Size
7,405 Sq. Ft.

Interior

Total Bedrooms
2
Total Bathrooms
2 (2 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$0 / Month

Neighborhood Insights

Menifee Unified Schools

Freedom Crest Elementary School

Grades K-5 • 1.8 mi

3/10

Ridgemoor Elementary School

Grades K-5 • 1.9 mi

7/10

Hans Christensen Middle School

Grades 6-8 • 1.7 mi

5/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds2.02.0
50%
Baths2.02.0
50%
Square foot1,7701,404
78%
Lot Size7,4057,405
50%
Price$465.0K$405.0K
72%
Price per sq ft$263$288
36%
Built year19901976
79%
HOA$0$94
25%
Days on market31171
2%

Pricing History

Listed for Sale

Feb 14, 2026

$465,000

$489,000

-5% Price Drop

Initial Listing

Price Change

Feb 4, 2026

$489,000

Initial Listing

Sold

Dec 2, 2002

$180,000

Public Record

Sold

Nov 15, 2001

$176,000

Public Record

Browse Properties by State Browse housing market trends by state