29525 Platino, Menifee, California 92587, Menifee, 92587 - 4 bed, 2 bath
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Menifee, California 92587
This Single Family Residence presents a High-Potential Investment Opportunity with a List Price of $525,000—positioned well below the $538,577 Fair Market Value by 2%. This valuation gap offers $13,577 in Instant Equity. Featuring a Fair Condition Rating, the home includes recent mechanical upgrades like a new HVAC and water heater. With a private pool, RV parking, and fully paid solar, it offers significant lifestyle value. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a value-add home.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 29525 Platino Subject | $525,000* List Price | 4 | 2 | 1,500 | $359 | - |
A 29582 Toomas Sold | $515,000 | 3 | 2 | 1,554 | $331 | 0.4 mi |
B 28755 Avenida Estrella Sold | $465,000 | 3 | 2 | 1,260 | $369 | 0.9 mi |
C 29580 Ash Dale Sold | $545,000 | 3 | 2 | 1,860 | $293 | 0.3 mi |
D 23429 Cheyenne Canyon Drive Sold | $565,000 | 3 | 2 | 1,617 | $349 | 0.4 mi |
E 23619 Cutter Drive Sold | $600,000 | 3 | 2 | 1,464 | $410 | 0.4 mi |
F 23589 Vista Way Sold | $450,000 | 3 | 2 | 1,275 | $353 | 0.3 mi |
G 29225 Avenida De Las Flores Active Under Contract | $499,900 List Price | 3 | 2 | 1,119 | $447 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1993 (31 years old), the property features excellent recent updates to major systems including a 1-2 year old HVAC and water heater. However, the kitchen and bathrooms are dated, showing original 90s-style cabinetry (painted) and shell-style sinks, which fall into the 15-30 year renovation/age bracket for 'Fair' condition.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9583, living area = 1500.
The property offers significant monthly savings through fully paid solar panels, a low property tax rate, and the absence of any HOA fees.
Features a rare and highly sought-after combination of a private sparkling pool and ample dedicated space for RV or boat parking.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
At 1,500 square feet for a potential four-bedroom configuration, the individual room sizes and common living areas may feel constrained.
Built in 1993, the home may require cosmetic modernizations to its original finishes to align with contemporary buyer preferences and maximize market value.
Need extra space? This property offers ample room for RV and/or boat parking, a rare and highly desired feature. There's room here for all your lifestyle needs. Low property tax rate and no HOA. Conveniently located near shopping, dining, parks, schools and commuter access. Enjoy fully paid solar, a sparkling private pool, 3 bedrooms, with a bonus/optional 4th bedroom, 2 full bathrooms and 2 car garage. Some of the upgrades include the HVAC unit and water heater, which are 1-2 years new, giving you peace of mind from day one. This beautiful Menifee home blends comfort and space in all the right ways.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 61% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,500 | 2,189 | 20% |
| Lot Size | 9,583 | 8,276 | 69% |
| Price | $525.0K | $692.0K | 14% |
| Price per sq ft | $350 | $348 | 52% |
| Built year | 1993 | 1986 | 71% |
| HOA | $0 | $350 | 17% |
| Days on market | 22 | 152 | 3% |
May 15, 2026
$525,000
Initial Listing