29633 Desert Terrace, Menifee, California 92584, Menifee, 92584 - 4 bed, 3 bath
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Menifee, California 92584
This Single Family Residence represents a Strong Value Opportunity, listed at $575,000—positioned well below the $577,042 Fair Market Value by 0.35%. This valuation gap offers $2,042 in Instant Equity. Featuring a Private Pool & Spa and an expansive lot, the home maintains a Condition Rating of 4, balancing modern flooring upgrades with potential for cosmetic personalization. While school ratings vary, the low $8 HOA fee enhances long-term affordability. This property is an ideal acquisition for Owner-Occupants or first-time buyers seeking a lifestyle-focused home.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 29633 Desert Terrace Subject | $575,000* List Price | 4 | 3 | 1,882 | $307 | - |
A 29657 Desert Terrace Sold | $591,000 | 4 | 3 | 1,963 | $301 | 0.0 mi |
B 29598 Little Fox Court Sold | $570,000 | 3 | 3 | 1,676 | $340 | 0.1 mi |
C 29326 Hidden Lake Sold | $440,000 | 3 | 2 | 1,649 | $267 | 0.3 mi |
D 28985 New Harmony Court Sold | $575,000 | 2 | 3 | 1,676 | $343 | 0.2 mi |
E 28667 Peach Springs Sold | $510,000 | 3 | 3 | 2,382 | $214 | 0.5 mi |
F 29403 Hidden Lake Sold | $539,900 | 3 | 2 | 1,814 | $298 | 0.3 mi |
G 29661 Camino Pepita Sold | $570,000 | 2 | 3 | 1,676 | $340 | 0.1 mi |
H 28907 Baywater Drive Sold | $525,000 | 2 | 2 | 1,649 | $318 | 0.3 mi |
I 29032 Lockhaven Pending | $575,000 List Price | 4 | 3 | 2,034 | $283 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 2003 (23 years old), the property falls into the >20-year category. While the exterior and pool are well-maintained and the flooring has been upgraded, the bathrooms feature original builder-grade oak cabinetry, older lighting fixtures, and dated carpeted areas, indicating a need for modern updates.
The property features a private swimming pool and is situated on one of the largest lots in the neighborhood, offering a premium outdoor space for recreation and entertaining.
The home boasts an open floor plan with upgraded flooring throughout its 4-bedroom layout, providing a contemporary feel and move-in-ready convenience.
With a competitive list price and an incredibly low association fee of only $8 per month, this property offers significant long-term carrying cost advantages.
The local school district ratings are relatively low, with the assigned middle school scoring a 2/10, which may be a concern for families prioritizing education.
The listing explicitly indicates no views, which may limit the property's aesthetic appeal compared to other homes in the Menifee area that offer mountain or territorial vistas.
Beat the summer heat in your new home with a POOL!!! This 4 bedroom home features an open floor plan with upgraded flooring and has one of the biggest lots in the neighborhood.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades 6-8 • 2.5 mi
Grades 7-8 • 7.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,882 | 2,007 |
| Lot Size | 6,098 | 7,405 |
| Price | $575.0K | $585.6K |
| Price per sq ft | $306 | $286 |
| Built year | 2003 | 2005 |
| HOA | $8.0 | $93 |
| Days on market | 7 | 60 |
Jul 15, 2026
$575,000
Initial Listing
Aug 8, 2003
$205,500
Public Record