29300 Carmel Road, Menifee, California 92586, Menifee, 92586 - 3 bed, 2 bath
29300 Carmel Road
Menifee, California 92586
Property Price
SUMMARY
Analysis of 29300 Carmel Road, Menifee, California 92586 reveals a Fairly Priced Property with a current list price of $360,000 aligned with the estimated $360,000 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. 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 Experienced Investors and Fix-and-Flip Specialists.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 29300 Carmel Road Subject | $360,000* List Price | 3 | 2 | 1,674 | $215 | - |
A 29060 Del Monte Drive Sold | $300,000 | 3 | 2 | 1,308 | $229 | 0.3 mi |
B 28957 Glen Oaks Drive Sold | $400,000 | 2 | 2 | 1,730 | $231 | 0.4 mi |
C 29020 Olympia Way Sold | $309,009 | 2 | 2 | 1,460 | $212 | 0.2 mi |
D 26790 Oakmont Drive Sold | $297,000 | 3 | 2 | 1,314 | $226 | 0.5 mi |
E 29085 Griffith Drive Sold | $320,000 | 3 | 2 | 1,313 | $244 | 0.4 mi |
F 28885 Hope Drive Sold | $293,000 | 2 | 2 | 1,348 | $217 | 0.3 mi |
G 29028 Pebble Beach Pending | $275,000 List Price | 3 | 2 | 1,618 | $170 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
Built in 1964, this property is over 50 years old. While it benefits from energy-efficient upgrades like owned solar panels and dual-pane windows, the interior, particularly the kitchen and bathrooms, are significantly outdated. The kitchen features original-style wood cabinets, tile countertops, and older white built-in appliances, requiring a full renovation. Both bathrooms also exhibit dated vanities, fixtures, and shower enclosures, indicating they are likely original or from a very old renovation (30-50+ years ago). The listing itself notes the home 'could use a little TLC' and offers a credit for new carpet, further confirming the need for substantial interior rehabilitation beyond minor updates.
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 = 7841, living area = 1674.
- Desirable 55+ Community
Located in Sun City Menifee, offering a peaceful environment, strong community connection, and access to extensive amenities like a clubhouse, pool, spa, and fitness center.
- Energy-Efficient Upgrades
Benefits from owned solar panels and dual-pane windows, contributing to lower utility costs and environmental sustainability.
CONSRISKS & DEFICIENCIES
- Requires Modernization
Built in 1964, the property 'could use a little TLC,' suggesting potential for significant updates beyond carpet to meet modern aesthetic and functional standards.
- High Monthly Association Fee
The $442.0 monthly association fee is substantial and adds a considerable recurring cost to homeownership.
- History of Price Reductions
Multiple price drops from the original $450,000 to $360,000 indicate potential market resistance or initial overpricing, which might suggest underlying condition issues or a need for further investment.
About 29300 Carmel Road
Welcome to your next chapter in beautiful Sun City Menifee—a 55+ community known for peace, connection, and comfort. This charming 3-bedroom, 2-bath single-story home features a spacious floor plan with a sunroom perfect for hobbies, gatherings, or quiet morning coffee. Enjoy energy-efficient upgrades like owned solar panels and dual-pane windows, plus a low-maintenance yard designed for ease. You’ll be minutes from the clubhouse, pool, spa, fitness center, and social events—making every day feel like a vacation. The home could use a little TLC, which is why the seller is offering a credit toward new carpet so you can choose your own style. With a two-car garage and plenty of storage, this one is priced to sell and full of potential. Let’s make this your forever home.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1964
- Lot Size
- 7,841 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $442.0 / Month
Neighborhood Insights
Menifee Unified Schools
Ridgemoor Elementary School
Grades K-5 • 1.2 mi
Freedom Crest Elementary School
Grades K-5 • 2.3 mi
Hans Christensen Middle School
Grades 6-8 • 1.7 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 | 1,674 | 1,404 | 73% |
| Lot Size | 7,841 | 7,405 | 66% |
| Price | $360.0K | $405.0K | 31% |
| Price per sq ft | $215 | $288 | 12% |
| Built year | 1964 | 1976 | 26% |
| HOA | $442.0 | $94 | 93% |
| Days on market | 275 | 172 | 95% |
Pricing History
Listed for Sale
Jan 30, 2026
$360,000
$415,000
-13% Price Drop
Initial Listing
Price Change
Aug 13, 2025
$415,000
$435,000
-5% Price Drop
Initial Listing
Price Change
Aug 1, 2025
$435,000
Initial Listing
Price Change
Jun 5, 2025
$450,000
Initial Listing