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29235 Mangrove, Menifee, California 92584, Menifee, 92584 - 5 bed, 4 bath

29235 Mangrove, Menifee, California 92584 home-pic-0
ACTIVE$739,000$3,108/sqft
Est. Value: $762,977
3%
BelowEstimate
29235 Mangrove, Menifee, California 92584
5Beds
4Baths
3,108Sqft
11,095Lot

Price Vs. Estimate

The estimated value ($762,976.615) is $23,976.615 (3%) higher than the list price ($739,000). This property may be underpriced.

Key pros and cons

Top Pros:
New Construction: Built in 2023, this home offers modern design, up-to-date building standards, and minimal immediate maintenance concerns.
Top Cons:
Ongoing Association Fee: The property is subject to a monthly association fee of $56, which adds to the overall cost of homeownership.

Compared to the nearby listings

Price:$739.0K vs avg $624.9K (+$114,100)82%
Size:3,108 sqft vs avg 2,300 sqft85%
Price/sqft:$238 vs avg $27819%

More Insights

Built in 2023 (3 years old).
Condition: This property was built in 2023, making it virtually brand new. The images confirm a modern aesthetic throughout, with a stylish kitchen featuring dark blue cabinets, white countertops, a farmhouse sink, and contemporary gold pendant lighting. Bathrooms are also new with modern vanities and fixtures. Flooring is a mix of new LVP and clean carpet. All components appear new, meeting current quality standards with no visible deferred maintenance.
Year Built
2023
Close
-
List price
$739K
Original List price
$739K
Price/Sqft
$238
HOA
$56
Days on market
-
Sold On
-
MLS number
CV26000225
Home ConditionExcellent
Features
Good View: Hills, Neighborhood
Patio
ViewHills, Neighborhood

About this home

Welcome to your dream home in the highly coveted Banner Park Community! This beautifully landscaped residence offers 5 spacious bedrooms, 3.5 bathrooms, and 3,100 sq. ft. of living space, all situated on an expansive 11,000 sq. ft. lot. Enjoy the added benefit of fully paid-off solar, providing energy efficiency and long-term savings. Designed for both comfort and functionality, the home features a convenient main-floor bedroom with a full bathroom, ideal for guests or multigenerational living. The open-concept kitchen and living area create a seamless flow, perfect for everyday living and entertaining. Located just minutes from the 215 freeway, this home offers easy access to shopping, dining, parks, and more. With its prime location, generous lot size, and thoughtful layout, this is a must-see property you won’t want to miss!

F
Fadi Berni
Listing Agent

Price History

Date
Event
Price
12/28/23
Sold
$690,500
07/01/22
Sold
$3,055,000
Condition Rating
Excellent
This property was built in 2023, making it virtually brand new. The images confirm a modern aesthetic throughout, with a stylish kitchen featuring dark blue cabinets, white countertops, a farmhouse sink, and contemporary gold pendant lighting. Bathrooms are also new with modern vanities and fixtures. Flooring is a mix of new LVP and clean carpet. All components appear new, meeting current quality standards with no visible deferred maintenance.
Pros & Cons

Pros

New Construction: Built in 2023, this home offers modern design, up-to-date building standards, and minimal immediate maintenance concerns.
Energy Efficiency & Savings: The property includes fully paid-off solar panels, providing significant long-term energy savings and environmental benefits.
Spacious Layout & Generous Lot: With 5 bedrooms, 3.5 bathrooms, 3,108 sq. ft. of living space, and an expansive 11,095 sq. ft. lot, the home offers ample room for living and outdoor activities.
Versatile Main-Floor Bedroom: A convenient main-floor bedroom with a full bathroom is ideal for guests, multi-generational living, or a dedicated home office.
Prime Location & Accessibility: Located in the coveted Banner Park Community, minutes from the 215 freeway, offering easy access to shopping, dining, and parks.

Cons

Ongoing Association Fee: The property is subject to a monthly association fee of $56, which adds to the overall cost of homeownership.
Rapid Price Appreciation Post-Sale: The property was sold for $690,500 in December 2023 and is now listed at $739,000, indicating a significant price increase in a very short period that may warrant buyer scrutiny.
Lack of Detailed Luxury Finishes: While described as a 'dream home,' the description does not specify high-end interior finishes, premium materials, or advanced smart home features beyond solar, which might be expected in a property of this caliber.
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