29020 Olympia, Menifee, California 92586, Menifee, 92586 - 2 bed, 2 bath
29020 Olympia
Menifee, California 92586
Property Price
SUMMARY
Analysis of 29020 Olympia, Menifee, California 92586 reveals a Fairly Priced Property with a current list price of $434,900 aligned with the estimated $424,834 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Menifee Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 29020 Olympia Subject | $434,900* List Price | 2 | 2 | 1,460 | $291 | - |
A 28960 Olympia Sold | $429,000 | 2 | 2 | 1,404 | $306 | 0.1 mi |
B 29460 Thornhill Sold | $390,000 | 2 | 2 | 1,404 | $278 | 0.3 mi |
C 26644 Par Drive Sold | $380,000 | 2 | 2 | 1,404 | $271 | 0.2 mi |
D 29040 Olympia Sold | $355,000 | 2 | 1 | 1,118 | $318 | 0.0 mi |
E 29778 Carmel Road Sold | $350,000 | 2 | 2 | 1,404 | $249 | 0.4 mi |
F 28731 Thornhill Sold | $430,000 | 2 | 2 | 1,404 | $306 | 0.4 mi |
G 26542 Sun City Active | $409,900 List Price | 2 | 2 | 1,530 | $268 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Although built in 1964, the property has undergone an extensive recent renovation that brings it to modern standards. The kitchen features high-end waterfall edge countertops and new stainless steel appliances, while the bathrooms have been completely updated with floor-to-ceiling tile and premium gold finishes. With a freshly updated open floor plan and new storage systems, the home shows no signs of deferred maintenance and meets the criteria for excellent condition.
PROSSTRENGTHS & OPPORTUNITIES
- 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 = 7405, living area = 1460.
- High-End Modern Renovations
The property features an extravagantly updated open floor plan, highlighted by a kitchen with waterfall edge countertops and bathrooms with floor-to-ceiling tile and gold finishes, offering a luxury feel.
- Exceptional Outdoor Living & Views
The home boasts a 'garden oasis' backyard with mature landscaping and a large private patio, complemented by panoramic views of the mountains, hills, and city lights.
CONSRISKS & DEFICIENCIES
- Recently Sold Property
The property was recently sold within the past year on 2025-10-24. The sold price is $295,000.00.
- Solar Lease Commitment
The property includes a solar lease at $95/month with SunRun, which is a recurring monthly obligation that the buyer must assume and may affect debt-to-income ratios.
- Age-Restricted Demographic
Being located in a 55+ community limits the potential buyer pool to a specific age demographic, which can impact market reach and future resale flexibility.
About 29020 Olympia
Now FHA eligible. FHA and VA welcome.Freshly updated 55+ home in the Sun City community of Menifee. With 1,460 square feet, you need to check out the floor plan and 3d tour of the home. With an extravagantly updated open floor plan, you are greeted with a beautiful kitchen with waterfall edge counter tops, new stainless steel appliances anchoring the open space, with formal living, dining and breakfast nook. Both bathrooms have just been updated with floor to ceiling tile complete with glass enclosures, detailed with gold finishes, A large private patio in the backyard offers one more space to enjoy your home. Large "tuff Shed" style shed in backyard mixed with planter beds and hardscape, mature landscape makes this home feel like a garden oasis. Solar on property, Solar lease is $95/month with SunRun. One other great feature of this home in the fully enclosed two car garage and large laundry and craft/hobby room with brand new floor to ceiling storage.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1964
- Lot Size
- 7,405 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $35.0 / Month
Neighborhood Insights
Menifee Unified Schools
Ridgemoor Elementary School
Grades K-5 • 1.4 mi
Freedom Crest Elementary School
Grades K-5 • 2.2 mi
Hans Christensen Middle School
Grades 6-8 • 1.5 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,460 | 1,404 | 59% |
| Lot Size | 7,405 | 7,405 | 50% |
| Price | $434.9K | $405.0K | 63% |
| Price per sq ft | $298 | $288 | 59% |
| Built year | 1964 | 1976 | 26% |
| HOA | $35.0 | $94 | 37% |
| Days on market | 7 | 171 | 1% |
Pricing History
Listed for Sale
Mar 2, 2026
$434,900
$439,900
-1% Price Drop
Initial Listing
Price Change
Feb 28, 2026
$439,900
Initial Listing
Sold
Oct 24, 2025
$295,000
Public Record
Sold
May 18, 2021
$330,500
Public Record
Sold
Aug 3, 2017
$263,000
Public Record
Sold
May 29, 2015
$230,000
Public Record
Sold
Jun 28, 1996
$57,000
Public Record