27789 Ethanac Rd, Menifee, California 92585, Menifee, 92585 - 4 bed, 2 bath
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Menifee, California 92585
This Value-Add Rural Estate is a high-potential asset listed at $700,000, currently positioned above its $603,521 Fair Market Value. Carrying a Condition Rating of 5, the residence requires substantial rehabilitation and a solar lease assumption, yet offers a massive nearly one-acre lot and 2,368 square feet of living space. With scenic mountain views and high lot utilization in the Menifee Union district, the site is primed for modernization. With renovated area comparables commanding prices up to $849,000, this is a strategic acquisition for Fix-and-Flip Investors or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 27789 Ethanac Rd Subject | $700,000* List Price | 4 | 2 | 2,368 | $255 | - |
A 25270 Trade Winds Drive Sold | $785,000 | 4 | 2 | 2,235 | $351 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1971, this property shows significant signs of age and deferred maintenance. The exterior features unpaved dirt grounds, dated siding, and visible clutter, suggesting a lack of recent updates. Given the 50-plus-year age and the listing's own analysis regarding the need for capital investment in major systems, the home likely requires substantial rehabilitation and modernization to meet current living standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 39639, living area = 2368.
The property boasts a nearly one-acre lot (39,639 sqft), offering significant privacy and ample space for potential ADUs, workshops, or equestrian facilities.
With 2,368 square feet of interior space and four bedrooms, this residence provides a generous footprint suitable for large families or multi-generational living.
The requirement for the buyer to assume the solar system lease may be a deterrent for some, as it adds a fixed monthly liability and can complicate the financing process.
Built in 1971, the home may require significant capital investment for modernizing major systems, such as plumbing, electrical, or HVAC, to meet current standards.
Buyer to assume the lease of the solar system.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 2.0 | 3.0 | 43% |
| Square foot | 2,368 | 2,191 | 67% |
| Lot Size | 39,639.602 | 6,986 | 93% |
| Price | $700.0K | $582.5K | 88% |
| Price per sq ft | $296 | $274 | 68% |
| Built year | 1971 | 2008 | 1% |
| HOA | $0 | $76 | 21% |
| Days on market | 14 | 198 | 1% |
Apr 8, 2026
$700,000
Initial Listing
Apr 16, 2019
$400,000
Public Record
Jul 31, 2003
$245,500
Public Record