29051 Snead Drive, Menifee, California 92586, Menifee, 92586 - 2 bed, 1 bath
ACTIVE$340,000$1,200/sqft
Est. Value: $317,794
-6%
AboveEstimate
29051 Snead Drive, Menifee, California 92586
2Beds
1Bath
1,200Sqft
7,405Lot
Price Vs. Estimate
The estimated value ($317,794.32) is $22,205.68 (6%) lower than the list price ($340,000). 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 = 7405, living area = 1200.
Top Cons:
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 1200, other record living area = 992.
Compared to the nearby listings
Price:$340.0K vs avg $405.0K ($-65,000)21%
Size:1,200 sqft vs avg 1,404 sqft27%
Price/sqft:$283 vs avg $28748%
More Insights
Built in 1964 (62 years old).
Condition: Built in 1964, the property shows signs of regular upkeep and some updates, such as laminate flooring throughout, fresh paint, and newer stainless steel kitchen appliances. However, the kitchen countertops and backsplash are dated, and the bathroom is largely original or minimally updated, requiring renovation to meet current styles and standards. Major systems appear functional, but the overall aesthetic and some components are outdated, fitting the 'fair' category.
Year Built
1964
Close
-
List price
$340K
Original List price
$340K
Price/Sqft
$283
HOA
$450
Days on market
-
Sold On
-
MLS number
IV25279288
Home ConditionFair
Features
Patio
ViewNeighborhood
About this home
Beautiful Community Ideal for retirees or those approaching retirement, this community offers a sense of belonging, convenience, and quality living in a welcoming and age-friendly setting.
V
VELIA BAUTISTA
Listing Agent
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
02/15/22
Sold
$295,000
01/22/10
Sold
$82,454
Condition Rating
Fair
Built in 1964, the property shows signs of regular upkeep and some updates, such as laminate flooring throughout, fresh paint, and newer stainless steel kitchen appliances. However, the kitchen countertops and backsplash are dated, and the bathroom is largely original or minimally updated, requiring renovation to meet current styles and standards. Major systems appear functional, but the overall aesthetic and some components are outdated, fitting the 'fair' category.
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 = 7405, living area = 1200.
Retirement-Friendly Community: The property is situated within a community specifically designed for retirees, offering a welcoming, age-friendly environment with a strong sense of belonging and convenience.
Established Neighborhood View: Enjoyable neighborhood views enhance the property's aesthetic appeal and contribute to a pleasant living experience.
Strong Local School Ratings: Proximity to highly-rated schools like Paloma Valley High School (7/10) and Ridgemoor Elementary School (7/10) adds value and potential broader appeal, even if the primary target is retirees.
Single-Family Home with Ample Lot: As a single-family residence on a generous 7,405 sqft lot, it provides desirable privacy and outdoor space.
Positive Historical Appreciation: The property has demonstrated significant value appreciation over time, indicating a potentially strong investment in a growing market.
Cons
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 1200, other record living area = 992.
High Monthly Association Fee: The substantial $450 monthly association fee could be a significant financial burden and a deterrent for many potential buyers, especially those on fixed incomes.
Mature Property Age: Built in 1964, the home is over 60 years old, which may imply the need for updates to systems, appliances, or general aesthetics, potentially incurring additional costs for the buyer.
Limited Bedroom/Bathroom Count: With only 2 bedrooms and 1 bathroom, the property offers limited space and functionality, which might not meet the needs of buyers seeking more expansive living arrangements or additional facilities.