29877 Gifhorn Court, Menifee, California 92584, Menifee, 92584 - 2 bed, 2 bath
ACTIVE$525,000$988/sqft
Est. Value: $495,579
-5%
AboveEstimate
29877 Gifhorn Court, Menifee, California 92584
2Beds
2Baths
988Sqft
7,405Lot
Price Vs. Estimate
The estimated value ($495,578.945) is $29,421.055 (5%) lower than the list price ($525,000). This property may be overpriced.
Key pros and cons
Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7405, living area = 988.
Top Cons:
Compact Interior Footprint: With only 988 sqft of primary living space, the interior may feel constrained for some buyers, especially those seeking more expansive rooms or a larger family home.
Compared to the nearby listings
Price:$525.0K vs avg $621.2K ($-96,200)13%
Size:988 sqft vs avg 2,292 sqft1%
Price/sqft:$531 vs avg $27899%
More Insights
Built in 1992 (34 years old).
Condition: Built in 1992, this property has undergone a recent and extensive cosmetic renovation, making it move-in ready. The kitchen and bathrooms are fully updated with modern finishes, including new white cabinets, quartz countertops, brass hardware, new appliances, and stylish shiplap backsplashes. New light-colored laminate flooring extends throughout the main living areas and bedrooms. While the visible components are virtually new and meet current quality standards, the underlying core systems (e.g., HVAC, roof, plumbing, electrical) are likely original to the 1992 build, which prevents an 'Excellent' rating, as these systems may be nearing the end of their expected lifespan.
Year Built
1992
Close
-
List price
$525K
Original List price
$540K
Price/Sqft
$531
HOA
-
Days on market
-
Sold On
-
MLS number
SW26000628
Home ConditionGood
Features
Good View: Neighborhood
Patio
ViewNeighborhood
About this home
Possible third bedroom as this property has a large sun room attached. This is not included in sqaure feet but is an additional 160 sq ft! Easy to add RV ACCESS! HUGE backyard and front yard! Also Fully remodeled new floors counters and refinished cabinets! Bathrooms have a special flair with brass hardware and shiplap backsplash!
F
Freshta Shalikar
Listing Agent
Price History
Date
Event
Price
09/03/96
Sold
$80,000
04/12/24
Sold
$485,000
02/06/23
Sold
$455,000
03/09/17
Sold
$262,000
04/14/10
Sold
$125,000
Condition Rating
Good
Built in 1992, this property has undergone a recent and extensive cosmetic renovation, making it move-in ready. The kitchen and bathrooms are fully updated with modern finishes, including new white cabinets, quartz countertops, brass hardware, new appliances, and stylish shiplap backsplashes. New light-colored laminate flooring extends throughout the main living areas and bedrooms. While the visible components are virtually new and meet current quality standards, the underlying core systems (e.g., HVAC, roof, plumbing, electrical) are likely original to the 1992 build, which prevents an 'Excellent' rating, as these systems may be nearing the end of their expected lifespan.
Pros & Cons
Pros
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7405, living area = 988.
Extensively Remodeled Interior: The property boasts new floors, counters, refinished cabinets, and updated bathrooms with unique brass hardware and shiplap backsplash, offering a modern and appealing aesthetic.
Flexible Living Space: An attached 160 sq ft sunroom presents a versatile opportunity for a possible third bedroom or additional living area, enhancing the home's functionality.
Generous Outdoor Space: Featuring a 'HUGE backyard and front yard' on a 7405 sqft lot, providing ample room for outdoor activities, landscaping, or future expansion.
RV Access Potential: The ease of adding RV access is a significant advantage for buyers with recreational vehicles or those seeking extra parking solutions.
Recent Price Reduction: A recent price drop from $539,999 to $525,000 indicates a motivated seller and potentially a more attractive entry point for buyers.
Cons
Compact Interior Footprint: With only 988 sqft of primary living space, the interior may feel constrained for some buyers, especially those seeking more expansive rooms or a larger family home.
Age of Core Systems: Built in 1992, while cosmetically updated, the age of the underlying structure suggests that major systems (e.g., HVAC, roof, plumbing, electrical) may be original or nearing the end of their expected lifespan, potentially requiring future investment.
Unpermitted/Uncounted Sunroom Space: The additional 160 sq ft sunroom is explicitly stated as 'not included in square feet,' which could imply it's not permitted as living space, potentially affecting appraisal value, financing, or requiring further upgrades to be fully integrated.