29060 Waverly, Menifee, California 92586, Menifee, 92586 - 2 bed, 2 bath
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Menifee, California 92586
This Modernized Active Adult Residence is a Prime Investment Opportunity, listed at $359,000—positioned well below the $373,765 Fair Market Value by 3%. This valuation gap offers $14,765 in Instant Equity for buyers. Maintaining a Good Condition Rating, the interior showcases a renovated granite kitchen, stainless steel appliances, and mountain views. Situated in a vibrant 55+ community near Ridgemoor Elementary, the property provides access to a pool, fitness center, and clubhouse. This is an ideal acquisition for Active Seniors or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 29060 Waverly Subject | $359,000* List Price | 2 | 2 | 1,146 | $326 | - |
A 29040 Thornhill Sold | $355,000 | 2 | 2 | 1,098 | $323 | 0.5 mi |
B 28839 Carmel Road Sold | $305,000 | 2 | 2 | 1,098 | $278 | 0.3 mi |
C 26678 Saint Andrews Sold | $380,000 | 2 | 2 | 1,098 | $346 | 0.6 mi |
D 25800 Coombe Hill Sold | $395,000 | 2 | 1 | 1,260 | $313 | 0.7 mi |
E 25810 Coombe Hill Sold | $345,000 | 2 | 2 | 1,098 | $314 | 0.7 mi |
F 26470 New Bedford Rd. Sold | $370,000 | 2 | 2 | 1,350 | $274 | 0.9 mi |
G 28546 Murrieta Active | $349,000 List Price | 2 | 1 | 945 | $369 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1964, the property shows clear signs of a comprehensive renovation likely occurring around 2015-2016. The kitchen features updated granite countertops, stainless steel appliances, and modern flooring. Bathrooms have been refreshed with stone counters and newer vanities. The home is well-maintained, functional, and move-in ready, fitting the 5-15 year renovation window for a 'Good' rating.
Situated in a desirable 55+ community, the property offers access to premium amenities including a clubhouse, pool, and fitness center, catering perfectly to an active retirement lifestyle.
The home boasts beautiful mountain and neighborhood views, providing a peaceful and picturesque setting that adds significant aesthetic value.
Featuring an open floor plan, indoor laundry, and a low-maintenance yard, the property is specifically designed for comfort and ease of living.
Originally built in 1964, the property may require more frequent maintenance or upgrades to its older infrastructure and systems compared to newer developments in Menifee.
The 55+ community requirement limits the potential buyer pool to a specific demographic, which can result in a narrower market for future resale.
Welcome to this beautifully maintained 2-bedroom, 2-bathroom home nestled in a desirable 55+ community in Menifee. Designed for comfort and easy living, this home offers a bright, open floor plan with spacious living and dining area that flow seamlessly into the kitchen—perfect for everyday living. Step outside to enjoy a low-maintenance yard and a peaceful outdoor space ideal for morning coffee or evening relaxation. Additional highlights include indoor laundry, abundant storage, and an attached garage.enjoy access to a variety of amenities such as a clubhouse, pool, fitness center, and social activities, Conveniently located near shopping, dining, medical facilities, and freeway.
No exterior & parking available.
Grades K-5 • 0.8 mi
Grades K-5 • 2.8 mi
Grades 6-8 • 1.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,146 | 1,404 | 26% |
| Lot Size | 6,534 | 7,405 | 21% |
| Price | $359.0K | $400.0K | 31% |
| Price per sq ft | $313 | $294 | 60% |
| Built year | 1964 | 1975 | 29% |
| HOA | $450.0 | $67 | 84% |
| Days on market | 51 | 138 | 6% |
Apr 24, 2026
$359,000
Initial Listing
Sep 20, 2022
$310,000
Public Record
May 17, 2016
$190,000
Public Record
Nov 6, 2015
$110,000
Public Record
Jun 13, 2000
$59,000
Public Record