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

27228 Terrytown
Menifee, California 92586
Property Price
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
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 27228 Terrytown Subject | $465,000* List Price | 2 | 2 | 1,770 | $260 | - |
A 30253 Pebble Beach Drive Sold | $463,000 | 2 | 2 | 1,785 | $259 | 0.3 mi |
B 29872 Pebble Beach Dr. Sold | $505,000 | 3 | 2 | 1,785 | $283 | 0.1 mi |
C 26328 Columbus Sold | $337,000 | 3 | 2 | 1,715 | $197 | 0.9 mi |
D 29770 Avenida De Real Sold | $515,000 | 4 | 2 | 1,600 | $322 | 0.6 mi |
E 26573 Braddock Road Sold | $495,000 | 3 | 2 | 1,523 | $325 | 0.7 mi |
F 29331 Mawr Court Sold | $460,000 | 3 | 2 | 1,715 | $268 | 0.9 mi |
G 29648 Calle Tomas Active | $549,000 List Price | 3 | 2 | 1,863 | $295 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
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Built in 1990, this property is in mostly original condition and shows signs of being outdated, consistent with the 'Fair' criteria.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
Ridgemoor Elementary School
Grades K-5 • 1.9 mi
Hans Christensen Middle School
Grades 6-8 • 1.7 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,770 | 1,404 | 78% |
| Lot Size | 7,405 | 7,405 | 50% |
| Price | $465.0K | $405.0K | 72% |
| Price per sq ft | $263 | $288 | 36% |
| Built year | 1990 | 1976 | 79% |
| HOA | $0 | $94 | 25% |
| Days on market | 31 | 171 | 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













































