29492 Basie Circle, Menifee, California 92586, Menifee, 92586 - 3 bed, 2 bath
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Menifee, California 92586
This Turnkey 55+ Cul-de-Sac Home is a Strong Value Opportunity, listed at $515,000—positioned well below the $538,893 Fair Market Value by 4%. This valuation gap offers $23,893 in Instant Equity. Maintaining a Good Condition Rating, the property features a Granite Kitchen, newer HVAC, and dual-pane windows. The expansive 9,853 sqft lot includes a Panoramic View, mature fruit trees, and a Covered Patio with No HOA fees and low taxes. This residence is a premier choice for Active Seniors or Downsizing Homeowners seeking financial stability and lifestyle comfort.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 29492 Basie Circle Subject | $515,000* List Price | 3 | 2 | 1,550 | $348 | - |
A 29497 Dorsey Sold | $490,000 | 2 | 2 | 1,370 | $358 | 0.1 mi |
B 27563 Pinckney Sold | $499,000 | 3 | 2 | 1,550 | $322 | 0.0 mi |
C 29638 Avenida De Sereno Sold | $589,000 | 4 | 2 | 1,582 | $372 | 0.2 mi |
D 30276 Pebble Beach Drive Pending | $525,000 List Price | 3 | 2 | 1,785 | $294 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and shows significant pride of ownership with several key updates. While the home was built in 1991 and retains some original elements like oak cabinetry and fluorescent kitchen lighting, it features modern stainless steel appliances, granite countertops, and updated flooring throughout. Major systems have been recently replaced, including the HVAC, water heater, and windows, which aligns with the 'Good' criteria for well-maintained, functional systems within their expected lifespan.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9853, living area = 1550.
The property boasts significant recent capital improvements, including a newer HVAC system, dual-pane windows, and a newer water heater, alongside a remodeled kitchen and updated bathrooms that minimize immediate move-in costs.
Situated on a nearly 10,000 sq. ft. lot at the end of a cul-de-sac, the home offers a private, park-like backyard with mature fruit trees, synthetic turf, and rare potential for RV parking.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =9853, other record lot size in square feet = 9583. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
Being located within a 55+ senior community strictly limits the pool of eligible buyers, which can impact resale liquidity and market reach compared to standard residential neighborhoods.
The assigned elementary and middle schools carry low performance ratings (2 and 3 out of 10), which may detract from the long-term appreciation potential and overall desirability of the immediate area.
Welcome to this beautifully maintained single-story cul-de-sac home in the desirable Serenade 55+ community in Menifee. This 3 bedroom, 2 bathroom home offers 1,550 sq ft of comfortable living, featuring updated flooring throughout and a very well cared for interior that truly shows pride of ownership. The spacious layout includes formal living and dining areas with a cozy fireplace, plus an upgraded kitchen with granite countertops, island, pantry, and plenty of cabinet space. The primary suite features a double door entry, walk-in closet, and a custom tile walk-in shower. Both bathrooms have been tastefully updated with custom tile finishes. Additional upgrades include a whole house fan, newer dual pane windows, newer water heater, and a newer heating and air conditioning system. Indoor laundry adds everyday convenience. Step outside to a huge backyard with a park-like setting, updated with turf, mature fruit trees including apricot, peach, lemon, and plum, and a covered patio perfect for relaxing in the afternoon shade. The oversized 2+ car garage features epoxy flooring, with possible RV parking on the side. Sale includes all appliances including gas oven, microwave, dishwasher, refrigerator, washer, and dryer. The mounted 65” TV, sectional sofa, and electric fireplace heater are negotiable. Located just minutes from gyms, Starbucks, gas stations, convenience stores, shopping, medical centers, and with quick access to the 215 and 15 freeways, convenience is truly unmatched. No HOA and low property taxes (CC&Rs apply). This is a must see, come experience it for yourself, you won’t be disappointed.
No exterior & parking available.
Grades K-5 • 1.5 mi
Grades K-5 • 2.2 mi
Grades 6-8 • 1.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 55% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,550 | 1,404 | 68% |
| Lot Size | 9,853 | 7,405 | 92% |
| Price | $515.0K | $400.0K | 82% |
| Price per sq ft | $332 | $287 | 81% |
| Built year | 1991 | 1973 | 87% |
| HOA | $0 | $94 | 24% |
| Days on market | 21 | 175 | 1% |
Apr 1, 2026
$515,000
Initial Listing
Feb 13, 2024
$447,000
Public Record
Feb 3, 2015
$241,000
Public Record