27742 Hollyoak, Menifee, California 92585, Menifee, 92585 - 3 bed, 3 bath
ACTIVE$670,000
27742 Hollyoak, Menifee, California 92585
3Beds
3Baths
2,525Sqft
8,276Lot
Price Vs. Estimate
The estimated value ($414,366.175) is $255,633.825 (38%) lower than the list price ($670,000). This property may be overpriced.
Key pros and cons
Top Pros:
Modern Construction: Built in 2005, the property offers a relatively contemporary structure and design.
Top Cons:
Significant Condition Issues & 'As-Is' Sale: The property 'needs some TLC,' is being sold 'as is,' and has a non-functional downstairs AC/heater, indicating immediate and potentially substantial repair expenses for the buyer.
Compared to the nearby listings
Price:$670.0K vs avg $595.0K (+$75,000)85%
Size:2,525 sqft vs avg 2,200 sqft73%
Price/sqft:$265 vs avg $27344%
More Insights
Built in 2005 (20 years old).
Condition: Despite being built in 2005, the property is explicitly stated to 'need some TLC' and is being sold 'as is.' A major system, the downstairs AC/heater, is non-functional, which constitutes a substantial repair requirement. The presence of an unpermitted 5th bedroom also indicates potential structural or legal issues requiring rehabilitation. While the kitchen and bathroom appear functional in the images, their dated style from the original build (2005) combined with the significant mechanical and permitting issues push the overall condition into the 'Poor' category, requiring substantial repairs and rehabilitation to meet modern living standards and safety.
Year Built
2005
Close
-
List price
$670K
Original List price
$670K
Price/Sqft
$265
HOA
$45
Days on market
-
Sold On
-
MLS number
PW25272003
Home ConditionPoor
Features
Patio
View-
About this home
Property needs some TLC. Property being sold as is. Bottom AC /Heater does not work. Upstairs AC/Heater works good. Solar Panels leased Buyer must assume the lease with Sunrun. Property records show 3 bedrooms 2 1/2 bathrooms. Property was purchased with 4 bedrooms and 2 1/2 bath. Seller did construct a 5th bedroom non permitted. Buyers to due their due diligence.
Nearby schools
4/10
Ethan A Chase Middle School
Public,•6-8•1.3mi
2/10
Pinacate Middle School
Public,•7-8•5.2mi
4/10
Heritage High School
Public,•9-12•2.4mi
Price History
Date
Event
Price
09/16/22
Sold
$560,000
06/24/10
Sold
$188,000
03/31/10
Sold
$164,000
10/04/05
Sold
$329,000
Condition Rating
Poor
Despite being built in 2005, the property is explicitly stated to 'need some TLC' and is being sold 'as is.' A major system, the downstairs AC/heater, is non-functional, which constitutes a substantial repair requirement. The presence of an unpermitted 5th bedroom also indicates potential structural or legal issues requiring rehabilitation. While the kitchen and bathroom appear functional in the images, their dated style from the original build (2005) combined with the significant mechanical and permitting issues push the overall condition into the 'Poor' category, requiring substantial repairs and rehabilitation to meet modern living standards and safety.
Pros & Cons
Pros
Modern Construction: Built in 2005, the property offers a relatively contemporary structure and design.
Spacious Interior: With 2525 square feet of living space, the home provides ample room for a family.
Desirable School District: Located within the Menifee Union High School District, with highly-rated middle and high schools nearby (e.g., Ethan A Chase Middle School and Heritage High School, both rated 4).
Low Homeowners Association Fees: The property benefits from a very reasonable monthly HOA fee of $45, contributing to lower ownership costs.
Growing Community: Situated in Menifee, a developing city in Southwest Riverside County, offering potential for future growth and amenities.
Cons
Significant Condition Issues & 'As-Is' Sale: The property 'needs some TLC,' is being sold 'as is,' and has a non-functional downstairs AC/heater, indicating immediate and potentially substantial repair expenses for the buyer.
Unpermitted Addition & Bedroom Discrepancy: The seller constructed a 5th bedroom without permits, and there's a discrepancy between official records (3 bedrooms) and the actual configuration, posing legal, financial, and structural risks.
Assumable Solar Panel Lease: The buyer must assume a leased solar panel contract with Sunrun, which represents an ongoing financial obligation rather than an owned asset, potentially impacting long-term costs and financing.