28319 Clark Place, Menifee, California 92587, Menifee, 92587 - 3 bed, 2 bath
ACTIVE$400,000
28319 Clark Place, Menifee, California 92587
3Beds
2Baths
1,408Sqft
10,000Lot
Price Vs. Estimate
The estimated value ($378,636.695) is $21,363.305 (5%) lower than the list price ($400,000). This property may be overpriced.
Key pros and cons
Top Pros:
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 = 10000, living area = 1408.
Top Cons:
Condition Requires Investment: The property explicitly states it 'needs some TLC,' indicating potential for significant repair, renovation, or cosmetic updates to bring it to modern standards.
Compared to the nearby listings
Price:$400.0K vs avg $665.0K ($-265,000)3%
Size:1,408 sqft vs avg 2,071 sqft17%
Price/sqft:$284 vs avg $34618%
More Insights
Built in 1962 (63 years old).
Condition: Built in 1962, this property is significantly outdated and requires substantial renovation. The kitchen, as depicted in the images, features original or very old cabinets, worn countertops, dated fixtures, and worn flooring, indicating a complete overhaul is needed. While a new roof is a positive, the overall condition, explicitly stated as needing 'TLC' in the description, suggests major systems and aesthetics are past their useful life and require significant investment to meet modern standards. No bathroom images were provided, but it's reasonable to assume they are in a similar condition to the kitchen.
Year Built
1962
Close
-
List price
$400K
Original List price
$420K
Price/Sqft
$284
HOA
-
Days on market
-
Sold On
-
MLS number
SW25227725
Home ConditionPoor
Features
View-
About this home
Large three bedroom with one and a half baths, 1408 Sq. Ft. and a two car garage with another extra room attached located on a large corner lot in the desirable rural area of the fast growing City of Menifee. NO HOA and LOW Taxes!!! The roof is only a few months old & the 3 bedrooms are very spacious.This home does need some TLC!!! Conveniently located near the 215 and 15 freeways, shopping and schools.
Nearby schools
7/10
Quail Valley Elementary School
Public,•K-5•0.8mi
6/10
Earl Warren Elementary School
Public,•K-5•4.4mi
5/10
Hans Christensen Middle School
Public,•6-8•3.7mi
2/10
Pinacate Middle School
Public,•7-8•3.9mi
3/10
Elsinore Middle School
Public,•6-8•6.1mi
7/10
Paloma Valley High School
Public,•9-12•4.5mi
6/10
Temescal Canyon High School
Public,•9-12•5.9mi
Condition Rating
Poor
Built in 1962, this property is significantly outdated and requires substantial renovation. The kitchen, as depicted in the images, features original or very old cabinets, worn countertops, dated fixtures, and worn flooring, indicating a complete overhaul is needed. While a new roof is a positive, the overall condition, explicitly stated as needing 'TLC' in the description, suggests major systems and aesthetics are past their useful life and require significant investment to meet modern standards. No bathroom images were provided, but it's reasonable to assume they are in a similar condition to the kitchen.
Pros & Cons
Pros
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 = 10000, living area = 1408.
Financial Advantage: The property benefits from no HOA fees and low property taxes, significantly reducing the ongoing cost of homeownership.
Recent Major Upgrade: A brand new roof, installed only a few months ago, eliminates a significant potential expense for the new buyer and provides long-term peace of mind.
Generous Lot & Position: Situated on a large corner lot, offering enhanced privacy, ample outdoor space, and potential for future expansion or landscaping.
Spacious Interiors: The three bedrooms are described as very spacious, contributing to comfortable living and accommodating various furniture arrangements.
Strategic Location: Located in a desirable, fast-growing area of Menifee with excellent access to major freeways (215 & 15), shopping centers, and schools.
Cons
Condition Requires Investment: The property explicitly states it 'needs some TLC,' indicating potential for significant repair, renovation, or cosmetic updates to bring it to modern standards.
Older Construction: Built in 1962, the home may feature outdated systems, finishes, or layouts that could require modernization to meet current buyer expectations and potentially incur future maintenance costs.
Valuation Discrepancy: The current list price of $400,000 is substantially higher than the automated property estimation value of $255,788.625, suggesting a potential overpricing issue or a need for strong justification of the asking price.