29396 Reading Road, Menifee, California 92586, Menifee, 92586 - 2 bed, 2 bath
ACTIVE$225,000$1,098/sqft
Est. Value: $229,998
2%
FairlyEstimate
29396 Reading Road, Menifee, California 92586
2Beds
2Baths
1,098Sqft
7,405Lot
Price Vs. Estimate
The estimated value mostly matches the list price at $225,000.
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 = 1098.
Top Cons:
Extensive Renovation Required: The property explicitly states a 'complete renovation needed,' indicating substantial upfront investment in time, resources, and capital for necessary repairs and upgrades.
Compared to the nearby listings
Price:$225.0K vs avg $405.0K ($-180,000)1%
Size:1,098 sqft vs avg 1,404 sqft22%
Price/sqft:$205 vs avg $2877%
More Insights
Built in 1993 (33 years old).
Condition: The property, built in 1993, is explicitly marketed as needing a 'complete renovation.' Images reveal extreme neglect throughout, with heavily stained and damaged kitchens and bathrooms requiring full gut renovations. Flooring is soiled and damaged, walls show significant staining and cracks, and all fixtures are severely outdated. The overall condition suggests substantial repairs and rehabilitation are needed, making it unsafe and uncomfortable in its current state.
Year Built
1993
Close
-
List price
$225K
Original List price
$225K
Price/Sqft
$205
HOA
-
Days on market
-
Sold On
-
MLS number
IG26009896
Home ConditionPoor
Features
Patio
View-
About this home
Investor's Special, complete renovation needed. 3 bed, 2 bath home with no HOA fees and is NOT in the 55+ community. Has an attached 2-car garage, living room, dining room, kitchen, and a private backyard with RV access. Located not far from schools, shopping, dining, trails, and the 215
K
Katarina Daniels
Listing Agent
Nearby schools
7/10
Ridgemoor Elementary School
Public,•K-5•1.7mi
3/10
Freedom Crest Elementary School
Public,•K-5•1.9mi
5/10
Hans Christensen Middle School
Public,•6-8•1.8mi
6/10
Menifee Valley Middle School
Public,•6-8•2.8mi
4/10
Ethan A Chase Middle School
Public,•6-8•2.9mi
2/10
Pinacate Middle School
Public,•7-8•5.6mi
7/10
Paloma Valley High School
Public,•9-12•2.0mi
4/10
Heritage High School
Public,•9-12•4.5mi
Condition Rating
Poor
The property, built in 1993, is explicitly marketed as needing a 'complete renovation.' Images reveal extreme neglect throughout, with heavily stained and damaged kitchens and bathrooms requiring full gut renovations. Flooring is soiled and damaged, walls show significant staining and cracks, and all fixtures are severely outdated. The overall condition suggests substantial repairs and rehabilitation are needed, making it unsafe and uncomfortable in its current state.
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 = 1098.
No HOA Fees: The absence of Homeowners Association fees significantly reduces recurring monthly expenses, enhancing affordability for the homeowner.
RV Access: The property features private RV access in the backyard, offering valuable convenience for vehicle storage or recreational purposes.
Strategic Location: Conveniently located near schools, shopping, dining, recreational trails, and the 215 freeway, providing excellent accessibility to amenities and transportation.
Investment Potential: Marketed as an 'Investor's Special' requiring a complete renovation, this property presents a significant value-add opportunity for buyers looking to customize and build equity.
Broad Market Appeal: The property is not located within a 55+ community, which broadens its appeal to a wider range of potential buyers and demographics.
Cons
Extensive Renovation Required: The property explicitly states a 'complete renovation needed,' indicating substantial upfront investment in time, resources, and capital for necessary repairs and upgrades.
Listing Discrepancy (Bedrooms): There is an inconsistency between the property description (3 beds) and the structured data (2 beds), which may lead to confusion or misaligned expectations for prospective buyers.
Modest Square Footage: With 1098 sqft, the interior living space is relatively compact, which might limit its appeal for buyers seeking larger homes or those with growing families.