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28762 Olympia, Menifee, California 92586, Menifee, 92586 - 3 bed, 2 bath

28762 Olympia, Menifee, California 92586 home-pic-0
ACTIVE$324,900
28762 Olympia, Menifee, California 92586
3Beds
2Baths
1,833Sqft
7,841Lot
Year Built
1964
Close
-
List price
$325K
Original List price
$325K
Price/Sqft
$177
HOA
$410
Days on market
-
Sold On
-
MLS number
IV25271611
Home ConditionFair
Features
Patio
View-

About this home

Great Deal:The estimated price is 6% above the list price. We found 3 Cons,6 Pros. Rank: price - $324.9K(14th), sqft - 1833(80th), beds - 3(58th), baths - 2(50th).

This spacious 3-bedroom, 2-bathroom home with 1,833 sq. ft. of well-designed living space offers the ideal blend of comfort, privacy, and resort-style amenities. From the moment you walk in, you’re welcomed by an airy open-concept layout that gracefully ties together the living, dining, and kitchen areas—perfect for everyday living or entertaining. The thoughtfully separated kitchen features abundant cabinetry, generous counter space, and a practical layout ideal for cooking and gathering. In addition to two large guest bedrooms, the home includes a versatile bonus room—ideal for crafting, hobbies, or a comfortable home office. The expansive primary suite is a true sanctuary, offering dual closets, a large sliding glass door for natural light, and a spacious ensuite bathroom. 55 plus community

Nearby schools

7/10
Ridgemoor Elementary School
Public,•K-5•1.4mi
3/10
Freedom Crest Elementary School
Public,•K-5•2.2mi
5/10
Hans Christensen Middle School
Public,•6-8•1.2mi
4/10
Ethan A Chase Middle School
Public,•6-8•2.9mi
6/10
Menifee Valley Middle School
Public,•6-8•3.3mi
2/10
Pinacate Middle School
Public,•7-8•4.9mi
7/10
Paloma Valley High School
Public,•9-12•2.6mi
4/10
Heritage High School
Public,•9-12•4.2mi

Price History

Date
Event
Price
12/06/25
Listing
$324,900
03/18/05
Sold
$255,000
02/28/01
Sold
$130,000
10/05/00
Sold
$90,000
Condition Rating
Fair
Built in 1964, this property is 60 years old. While the exterior appears well-maintained and the HVAC unit and roof seem to be more recent updates, the interior, especially the kitchen and bathrooms, are significantly dated. The kitchen features older white appliances, laminate countertops, and wood cabinets, while the bathrooms showcase very dated mint green tiling and older vanities. The carpets throughout also show wear. The home is functional and appears to have been regularly maintained, but it requires substantial aesthetic and functional updates in key areas to meet modern standards, aligning with the 'Fair' condition criteria of being aged but maintained, with major components showing signs of being outdated.
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 = 7841, living area = 1833.
Spacious & Open Floor Plan: The home offers 1,833 sq. ft. with an airy open-concept layout connecting living, dining, and kitchen areas, ideal for comfortable living and entertaining.
Versatile Bonus Room: Includes a dedicated bonus room, providing flexible space for hobbies, crafting, or a home office, enhancing functionality.
Well-Appointed Primary Suite: Features an expansive primary suite with dual closets, ample natural light via a large sliding glass door, and a spacious ensuite bathroom, offering a private sanctuary.
Functional Kitchen Design: The kitchen boasts abundant cabinetry, generous counter space, and a practical layout, making it well-suited for cooking and gathering.
Resort-Style Community Amenities: Located within a 55+ community offering resort-style amenities, enhancing the lifestyle appeal for its target demographic.

Cons

Property Age: Built in 1964, the home is 60 years old, which may suggest potential for dated systems, deferred maintenance, or a need for significant modernization.
Age-Restricted Community: Being a 55+ community significantly limits the potential buyer pool, which can impact market demand and resale velocity.
High Monthly Association Fee: A substantial monthly association fee of $410 adds a considerable ongoing cost to homeownership, potentially deterring some buyers.

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