29147 Waverly Drive, Menifee, California 92586, Menifee, 92586 - 3 bed, 2 bath
29147 Waverly Drive
Menifee, California 92586
Property Price
SUMMARY
Analysis of 29147 Waverly Drive, Menifee, California 92586 reveals a Fairly Priced Property with a current list price of $399,000 aligned with the estimated $399,000 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. 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 |
|---|---|---|---|---|---|---|
★ 29147 Waverly Drive Subject | $399,000* List Price | 3 | 2 | 1,460 | $273 | - |
A 26480 Ridgemoor Sold | $359,900 | 2 | 2 | 1,522 | $236 | 0.4 mi |
B 26210 Falsterbor Drive Sold | $375,000 | 3 | 2 | 1,308 | $287 | 0.6 mi |
C 25847 Baltrustrol Drive Sold | $397,000 | 3 | 2 | 1,450 | $274 | 0.5 mi |
D 26573 Braddock Road Sold | $495,000 | 3 | 2 | 1,523 | $325 | 0.4 mi |
E 28890 Snead Sold | $390,000 | 3 | 2 | 1,338 | $291 | 0.7 mi |
F 29267 Summerset Drive Sold | $470,000 | 3 | 2 | 1,408 | $334 | 0.4 mi |
G 28630 Carmel Road Active | $439,900 List Price | 3 | 2 | 1,609 | $273 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
Despite being built in 1964, this property has undergone significant and recent renovations, particularly in the kitchen and main bathroom. The kitchen features modern white shaker cabinets, granite countertops, stainless steel appliances, and a stylish tile backsplash, all appearing virtually new. The main bathroom boasts a contemporary stall shower with new tiling and a modern vanity. Throughout most of the living areas, new laminate flooring and recessed lighting have been installed, contributing to a 'turnkey' and move-in ready feel. While some elements like the bedroom carpets and built-in hallway cabinets show the home's age, the major systems and aesthetic components have been extensively updated within the last 5-15 years, aligning with the 'Good' condition criteria.
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 = 8276, living area = 1460.
- Turnkey & Updated Interior
The home is described as 'turnkey' with an 'upgraded kitchen with granite countertops and stainless steel appliances,' 'recess lighting,' and 'beautiful laminate flooring,' offering immediate move-in readiness and modern aesthetics.
- Desirable 55+ Community
Located in the 'desirable 55+ community of Sun City Civic Association,' appealing to a specific demographic seeking an active, age-restricted lifestyle with potential community amenities.
CONSRISKS & DEFICIENCIES
- Age of Construction
Built in '1964,' the property is older, which may imply potential for outdated systems or higher maintenance costs compared to newer homes.
- High HOA Fee & Age Restriction
The 'association_fee: $435.0' is substantial, and the '55+ community' designation significantly narrows the potential buyer market.
- Significant Price Reduction History
Multiple 'listing_price_history' entries show a substantial reduction from the original list price of $470,000 to $399,000, which could suggest market resistance or initial overpricing.
About 29147 Waverly Drive
Turnkey home in the desirable 55+ community of Sun City Civic Association. 3 bedrooms plus a den. Upgraded kitchen with granite countertops and stainless steel appliances. Recess lighting. Spacious dining area off the kitchen. Large living room with recess lights and beautiful laminate flooring. Main bathroom with stall shower for easy access. Master bedroom with private bath. Back yard patio area with concrete pad. Double car attached garage with laundry hook ups.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1964
- Lot Size
- 8,276 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $435.0 / Month
Neighborhood Insights
Menifee Unified Schools
Ridgemoor Elementary School
Grades K-5 • 0.8 mi
Freedom Crest Elementary School
Grades K-5 • 2.8 mi
Hans Christensen Middle School
Grades 6-8 • 1.9 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 56% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,460 | 1,404 | 59% |
| Lot Size | 8,276 | 7,405 | 78% |
| Price | $399.0K | $405.0K | 47% |
| Price per sq ft | $273 | $288 | 41% |
| Built year | 1964 | 1976 | 26% |
| HOA | $435.0 | $94 | 68% |
| Days on market | 152 | 171 | 40% |
Pricing History
Listed for Sale
Jan 26, 2026
$399,000
$429,000
-7% Price Drop
Initial Listing
Price Change
Jan 15, 2026
$429,000
$439,000
-2% Price Drop
Initial Listing
Price Change
Nov 13, 2025
$439,000
$449,000
-2% Price Drop
Initial Listing
Price Change
Oct 30, 2025
$449,000
$470,000
-4% Price Drop
Initial Listing
Price Change
Oct 6, 2025
$470,000
Initial Listing