29433 Lake Hills, Menifee, California 92585, Menifee, 92585 - 4 bed, 3 bath
29433 Lake Hills
Menifee, California 92585
Property Price
SUMMARY
Analysis of 29433 Lake Hills, Menifee, California 92585 reveals a property with a current list price of $569,900, which is 19% above the estimated $476,519 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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 |
|---|---|---|---|---|---|---|
★ 29433 Lake Hills Subject | $569,900* List Price | 4 | 3 | 2,196 | $217 | - |
A 29541 Pebble Creek Sold | $610,000 | 4 | 3 | 2,298 | $265 | 0.2 mi |
B 28435 Boardwalk Court Sold | $610,000 | 5 | 3 | 2,545 | $240 | 0.4 mi |
C 29101 Springshores Drive Sold | $560,000 | 3 | 3 | 2,090 | $268 | 0.5 mi |
D 27935 Brightside Cove Sold | $590,000 | 4 | 2 | 2,032 | $290 | 0.3 mi |
E 29144 Lighthouse Court Sold | $610,000 | 4 | 3 | 2,620 | $233 | 0.3 mi |
F 28463 Boardwalk Court Pending | $650,000 List Price | 4 | 3 | 2,314 | $281 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 2005, the property is nearly 20 years old and remains in mostly original condition. The listing explicitly mentions the need for 'TLC,' and the images reveal dated kitchen appliances, worn carpeting, and builder-grade fixtures that show signs of age. While the home is functional and structurally sound, it requires cosmetic updates and minor repairs to meet current market standards for a 'good' or 'move-in ready' condition.
PROSSTRENGTHS & OPPORTUNITIES
- High Equity Potential
Priced significantly below market value, this property offers a prime opportunity for investors or primary buyers to build immediate equity through cosmetic updates and TLC.
- Premium Community Amenities
Located in the sought-after Heritage Lakes neighborhood, the home provides access to a lake for fishing and paddleboarding, a splash park, and multiple pools for a low monthly HOA fee.
- Functional Single-Story Layout
The 2,196-square-foot floor plan features a desirable single-level living arrangement with high ceilings, an open-concept kitchen, and a rare 3-car side-by-side garage.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
- Required Renovations
The property is explicitly noted as needing 'TLC,' indicating that buyers will need to invest additional capital immediately after closing to address deferred maintenance or aesthetic wear.
- Average School Ratings
Despite being marketed near award-winning schools, the local elementary and middle schools currently hold lower-to-average ratings (3 and 4 out of 10), which may impact appeal for some families.
About 29433 Lake Hills
Welcome to Heritage Lakes one of Menifee’s most desirable neighborhoods! This 4 bedroom, 2.5 bath home is priced thousands below market value for a quick sale. Needs a little TLC, but definitely has great equity potential. Offering 2,196 square feet of single-level living space, this beautifully designed home features; an open floor plan, high ceilings, recessed lighting, wood flooring, and neutral carpet throughout. The spacious kitchen is ideal for entertaining with granite countertops, bar seating, a center island, breakfast nook, abundant cabinet space, and seamless flow into the wide-open great room complete with a cozy gas fireplace. One of the bedrooms is currently used as an office, providing flexibility for today’s lifestyle needs. The private primary suite is tucked away in its own wing and showcases arched doorways, large windows, two generous walk-in closets, and an en-suite soaking tub. Situated on a level 7,405 square foot lot, the backyard is designed for relaxation and gatherings, with a covered patio, and an elaborate fire pit. Additional highlights include an indoor laundry room, long entryway, oversized driveway, and a 3-car side-by-side garage. Residents enjoy close proximity to the 215 freeway, and HOA amenities that include a community pool, spa, splash park, tot lot, four parks, lake access for fishing and paddle boarding, and access to award-winning schools. Ideal as a primary residence or second home, this property offers comfort, convenience, and exceptional value.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2005
- Lot Size
- 7,405 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $70.0 / Month
Neighborhood Insights
Menifee Unified Schools
Freedom Crest Elementary School
Grades K-5 • 1.0 mi
Ethan A Chase Middle School
Grades 6-8 • 0.3 mi
Hans Christensen Middle School
Grades 6-8 • 2.0 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,196 | 2,198 | 50% |
| Lot Size | 7,405 | 7,405 | 50% |
| Price | $569.9K | $590.0K | 36% |
| Price per sq ft | $260 | $270 | 38% |
| Built year | 2005 | 2008 | 33% |
| HOA | $70.0 | $76 | 44% |
| Days on market | 7 | 183 | 1% |
Pricing History
Listed for Sale
Feb 28, 2026
$569,900
Initial Listing
Sold
Jul 20, 2022
$466,000
Public Record
Sold
Dec 11, 2018
$368,000
Public Record
Sold
Oct 26, 2005
$397,500
Public Record