29545 Monarch Road, Menifee, California 92584, Menifee, 92584 - 4 bed, 3 bath
29545 Monarch Road
Menifee, California 92584
Property Price
SUMMARY
Analysis of 29545 Monarch Road, Menifee, California 92584 is currently available with a list price of $569,990. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. 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.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
This is a brand new construction property with an estimated completion in April 2025. The description highlights 'high end finishes' including white kitchen cabinetry with satin nickel hardware, undercabinet lighting, full tile backsplash, quartz countertops, and GE profile appliances (induction cooktop, professional vent hood). The primary bathroom features a fully tiled walk-in shower, and all bathrooms are tiled. Flooring includes wood laminate on the main floor and new carpeting in bedrooms. With 9 ft ceilings, recessed lighting, and modern amenities, the property meets all criteria for an excellent condition score.
PROSSTRENGTHS & OPPORTUNITIES
- New Construction & Modern Finishes
Brand new home (2025 completion) featuring contemporary design elements, 9ft ceilings on both floors, ample recessed lighting, and pre-wiring for ceiling fans.
- Premium Kitchen Package
Equipped with high-end white cabinetry, quartz countertops, full tile backsplash, undercabinet lighting, and GE Profile appliances including an induction cooktop and professional vent hood.
- Gated Community with Resort-Style Amenities
Offers enhanced security and a desirable lifestyle with a gated entrance, Clubhouse, fitness room, swimming pool, and spa.
CONSRISKS & DEFICIENCIES
- Limited Lot Size & Condominium Structure
The property features a very small 1,775 sqft lot, and despite being 'detached,' its condominium sub-type implies shared common areas and potential HOA restrictions, which may not suit buyers desiring a traditional single-family home with a larger yard.
- Significant Monthly Association Fees
A substantial $260.0 monthly association fee adds a considerable ongoing cost to homeownership, impacting overall affordability.
- Delayed Occupancy
With an estimated completion date of April 2025, buyers will face a waiting period before occupancy, requiring careful planning for current living arrangements.
About 29545 Monarch Road
Newly opened & new construction, Welcome to Riverwalk Village at Town Center, a single family detached condominium community by Richmond American Homes. This GATED neighborhood offers 4 unique floorplans, a Clubhouse, fitness room, pool and spa. This Northrop plan is our corner unit, 4 bedrooms/2.5 baths/2 car garage floorplan. High end finishes in this plan include: White kitchen cabinetry w/ Satin Nickel hardware, undercabinet lighting, full tile backsplash, quartz countertops, GE profile appliances including a professional vent hood and induction cooktop. Wood laminate flooring is located throughout the main floor along w/ carpeted hallways, stairs, bedrooms and tiled bathrooms and laundry room on 2nd floor. Primary walk in shower is fully tiled , 9 ft ceilings on 1 and 2nd floor, tons of recessed lighting and ceiling fan pre wires in great room and all bedrooms. Owners will enjoy a private covered patio. Estimated completion is April, 2025! Stop by today!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 2025
- Lot Size
- 1,775 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $260.0 / Month
Neighborhood Insights
Menifee Unified Schools
Ridgemoor Elementary School
Grades K-5 • 1.2 mi
Freedom Crest Elementary School
Grades K-5 • 2.6 mi
Hans Christensen Middle School
Grades 6-8 • 1.3 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.5 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,650 | 1,522.5 | 50% |
| Lot Size | 1,775 | 1,757.5 | 50% |
| Price | $570.0K | $534.0K | 67% |
| Price per sq ft | $345 | $339 | 50% |
| Built year | 2025 | 2025 | 50% |
| HOA | $260.0 | $260 | 50% |
| Days on market | 286 | 348 | 50% |
Pricing History
Listed for Sale
Oct 11, 2025
$569,990
$564,990
+1% Price Increase
Initial Listing
Price Change
Aug 10, 2025
$564,990
Initial Listing
Price Change
May 25, 2025
$576,990
Initial Listing