29040 Olympia, Menifee, California 92586, Menifee, 92586 - 2 bed, 1 bath
ACTIVE$355,000
29040 Olympia, Menifee, California 92586
2Beds
1Bath
1,118Sqft
6,534Lot
Price Vs. Estimate
The estimated value ($375,741.345) is $20,741.345 (5%) higher than the list price ($355,000). This property may be underpriced.
Key pros and cons
Top Pros:
Extensive Renovation: The property has undergone a full, top-to-bottom renovation, including new energy-efficient windows, fresh paint, luxury vinyl plank flooring, new kitchen and vanity cabinets with quartz countertops, new stainless steel appliances, and updated lighting, making it a turnkey home.
Top Cons:
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 1118, other record living area = 992.
Compared to the nearby listings
Price:$355.0K vs avg $402.4K ($-47,450)28%
Size:1,118 sqft vs avg 1,393 sqft25%
Price/sqft:$318 vs avg $29267%
More Insights
Built in 1964 (61 years old).
Condition: Despite being built in 1964, this property has undergone a complete, top-to-bottom renovation, making it a turnkey home. The description explicitly states 'all new energy efficient windows, freshly painted interior and exterior, luxury vinyl plank flooring throughout, new kitchen and vanity cabinets with quartz countertops and backsplashes, all new stainless steel appliances, new tub / shower combo, and recessed lighting.' The images confirm these updates, showcasing a modern kitchen with white shaker cabinets, dark quartz countertops, and new stainless steel appliances, and a pristine bathroom with a new vanity and tub/shower combo. All visible components are new or virtually new, meeting current quality standards with no deferred maintenance, aligning perfectly with the 'excellent' criteria for an extensively renovated property.
Year Built
1964
Close
-
List price
$355K
Original List price
$355K
Price/Sqft
$318
HOA
$37
Days on market
-
Sold On
-
MLS number
IV25274518
Home ConditionExcellent
Features
Patio
View-
About this home
Fully renovated turnkey home in one of southern California's largest active adult communities with great amenities and very low HOA. This open floor plan home has been upgraded from top to bottom: all new energy efficient windows, freshly painted interior and exterior, luxury vinyl plank flooring throughout the entire home, new kitchen and vanity cabinets with quartz countertops and backsplashes, all new stainless steel appliances, new tub / shower combo, and recessed lighting in the living areas and bathroom. This house is a "must see".
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•1.5mi
6/10
Menifee Valley Middle School
Public,•6-8•3.0mi
4/10
Ethan A Chase Middle School
Public,•6-8•3.1mi
2/10
Pinacate Middle School
Public,•7-8•5.2mi
7/10
Paloma Valley High School
Public,•9-12•2.3mi
4/10
Heritage High School
Public,•9-12•4.4mi
Price History
Date
Event
Price
06/11/99
Sold
$51,000
06/18/98
Sold
$41,500
12/07/12
Sold
$85,000
Condition Rating
Excellent
Despite being built in 1964, this property has undergone a complete, top-to-bottom renovation, making it a turnkey home. The description explicitly states 'all new energy efficient windows, freshly painted interior and exterior, luxury vinyl plank flooring throughout, new kitchen and vanity cabinets with quartz countertops and backsplashes, all new stainless steel appliances, new tub / shower combo, and recessed lighting.' The images confirm these updates, showcasing a modern kitchen with white shaker cabinets, dark quartz countertops, and new stainless steel appliances, and a pristine bathroom with a new vanity and tub/shower combo. All visible components are new or virtually new, meeting current quality standards with no deferred maintenance, aligning perfectly with the 'excellent' criteria for an extensively renovated property.
Pros & Cons
Pros
Extensive Renovation: The property has undergone a full, top-to-bottom renovation, including new energy-efficient windows, fresh paint, luxury vinyl plank flooring, new kitchen and vanity cabinets with quartz countertops, new stainless steel appliances, and updated lighting, making it a turnkey home.
Active Adult Community: Located within one of Southern California's largest active adult communities, offering a lifestyle tailored to this demographic with access to various amenities.
Low HOA Fees: The property benefits from a very low HOA fee ($37.0), which is attractive for a community offering amenities.
Turnkey Condition: Described as a 'turnkey home,' it is ready for immediate occupancy without the need for further upgrades or repairs, appealing to buyers seeking convenience.
Energy Efficiency Upgrades: Installation of all new energy-efficient windows contributes to lower utility costs and improved indoor comfort.
Cons
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 1118, other record living area = 992.
Property Age: Built in 1964, the underlying structure is older, which may lead to concerns about potential unseen issues or future maintenance despite the extensive renovations.
Limited Bathroom Count: The home features only one bathroom for two bedrooms, which could be a functional limitation for some households or guests.
Unspecified Cooling System: The description highlights energy-efficient windows but does not explicitly mention the presence or type of a cooling system (e.g., air conditioning), which is a significant consideration in Southern California's climate.