
Menifee, California 92587
This property presents a Strong Value Opportunity with a List Price of $349,000—positioned well below the $381,890 Fair Market Value by 8%. This valuation gap offers $32,890 in Instant Equity. Featuring a Fair Condition Rating, the home includes a modern mini-split HVAC system and a massive 8,276 sq. ft. lot with mountain views. With a city-approved sewer conversion pending, this is a strategic acquisition for Buy-and-Hold Investors or first-time buyers seeking long-term value.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 28967 Avenida Gaviota Subject | $349,000* List Price | 2 | 1 | 943 | $405 | - |
A 23930 Elsinore Lane Sold | $385,000 | 3 | 1 | 840 | $458 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Although built in 1971, the interior has been well-maintained and refreshed with newer paint, carpet, and a modern mini-split HVAC system. However, the kitchen remains dated with white tile countertops and older electric coil appliances, and the 50+ year age of the structure and septic-to-sewer transition status place it in the fair category as it will eventually require more comprehensive updates.
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 = 943.
The property features a large 8,276 sqft corner lot with a pool-sized backyard, offering significant potential for outdoor entertaining, gardening, or future expansion.
The home is scheduled for a city-approved public sewer conversion, a major infrastructure upgrade that enhances long-term property value and eliminates septic maintenance.
With only 943 square feet and a single bathroom, the interior space may feel restrictive for growing families or those requiring more functional living areas.
Built in 1971, the home may require modernization of its original systems and finishes to align with contemporary buyer expectations and energy efficiency standards.
Discover the perfect opportunity to own your own home with this charming 2-bedroom, 1-bath residence offering 943 sq. ft. of comfortable living space on an oversized corner lot in a prime Menifee location. Featuring a secure gated entry, an extra-long driveway, a two-car carport, and a huge pool-sized backyard, this property delivers the space, privacy, and potential you've been searching for. Step inside to a bright and inviting living room that flows seamlessly into the kitchen and adjoining dining area, creating an ideal layout for everyday living and entertaining. The dedicated laundry room comes complete with a washer and dryer, making move-in even easier. The spacious primary bedroom features dual closets for ample storage, while the secondary bedroom enjoys peaceful views of the expansive backyard. Outside, the possibilities are endless. The generous lot offers plenty of room for a future pool, a flourishing garden, outdoor entertaining, play areas, or simply relaxing in your own private retreat. Whether you're a first-time buyer, downsizing, or looking for a property with room to grow, this home offers incredible value and endless potential. Adding even more appeal, the home is currently on septic, but the City has officially approved its public sewer conversion project—and this property is scheduled to be among the first homes connected. That's a significant future improvement that adds convenience and long-term value. Don't miss this exceptional opportunity to own a home with space, character, and exciting future enhancements in one of Menifee's most desirable locations!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 943 | 2,007 |
| Lot Size | 8,276 | 7,405 |
| Price | $349.0K | $585.6K |
| Price per sq ft | $370 | $286 |
| Built year | 1971 | 2005 |
| HOA | $0 | $93 |
| Days on market | 19 | 60 |
Jul 3, 2026
$349,000
Initial Listing
Dec 11, 2020
$230,000
Public Record
Jun 22, 2005
$175,000
Public Record