27920 Lexington, Menifee, California 92586, Menifee, 92586 - 3 bed, 2 bath
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Menifee, California 92586
This Value-Add Senior Residence is a strategic asset listed at $390,000, positioned above the $346,111 Fair Market Value. With a Condition Rating of 4, this "diamond in the rough" requires modernization to unlock its full potential. Key features include a spacious 8,276 sq. ft. lot, newer windows, and a versatile California room that adds functional square footage. Located in a 55+ community near Ridgemoor Elementary and Paloma Valley High, the area provides long-term stability. This is an ideal project for Contractors or Fix-and-Flip Investors seeking a renovation-ready property with significant lot utility.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 27920 Lexington Subject | $390,000* List Price | 3 | 2 | 1,365 | $254 | - |
A 28257 Portsmouth Sold | $330,000 | 2 | 2 | 1,462 | $226 | 0.4 mi |
B 26170 Lancaster Drive Sold | $317,500 | 3 | 2 | 1,519 | $209 | 0.3 mi |
C 25760 Hartwick Rd Sold | $420,000 | 2 | 2 | 1,410 | $298 | 0.3 mi |
D 26491 Harrisburg Sold | $442,500 | 3 | 2 | 1,538 | $288 | 0.7 mi |
E 26471 Jamestown Drive Sold | $330,000 | 3 | 2 | 1,603 | $206 | 0.7 mi |
F 27640 Camden Way Sold | $363,000 | 2 | 2 | 1,393 | $261 | 0.9 mi |
G 26500 New Bedford Active | $435,000 List Price | 3 | 2 | 1,450 | $300 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1971, this property is accurately described as a 'diamond in the rough.' While it features some key updates such as newer windows and laminate vinyl flooring in the dining area, the overall condition is dated. The kitchen retains original flat-panel cabinetry and shows significant wear on the vinyl flooring, although appliances have been partially updated. The 'California room' exhibits deferred maintenance with stained carpeting and aged finishes. The home is functional and maintained but requires comprehensive cosmetic modernization and minor repairs throughout.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8276, living area = 1365.
The floor plan includes a living room, a separate family room, and a bright California room, providing exceptional flexibility and extra square footage for hobbies or guests.
The property features newer windows that enhance energy efficiency and natural light, along with updated laminate vinyl flooring for a contemporary touch.
Described as a 'diamond in the rough,' this 1971-built home likely requires additional capital investment for cosmetic updates and repairs to modernize the space.
Located in a 55+ senior community, the property has a restricted buyer pool, which may limit resale opportunities compared to non-age-restricted neighborhoods.
Diamond in the rough! This cozy 3-bedroom, 2-bath home offers an inviting open floor plan with a spacious kitchen, perfect for everyday living and entertaining. Enjoy both a comfortable living room and a separate family room, along with a bright California room for added space and flexibility. The generously sized bedrooms provide plenty of comfort, while newer windows bring in great natural light throughout. The home features a combination of laminate vinyl flooring and carpet for both style and comfort. Step outside to a large backyard with endless potential. Complete with a 2-car garage and located in a quiet, friendly 55+ community—this is your opportunity to make it your own!
No exterior & parking available.
Grades K-5 • 1.2 mi
Grades K-5 • 3.3 mi
Grades 6-8 • 1.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 56% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,365 | 1,404 | 44% |
| Lot Size | 8,276 | 7,405 | 77% |
| Price | $390.0K | $400.0K | 47% |
| Price per sq ft | $286 | $287 | 49% |
| Built year | 1971 | 1973 | 47% |
| HOA | $33.0 | $94 | 27% |
| Days on market | 25 | 175 | 1% |
Mar 28, 2026
$390,000
Initial Listing
Aug 4, 2005
$269,000
Public Record
Aug 30, 2001
$129,000
Public Record