29938 Fernleaf, Menifee, California 92584, Menifee, 92584 - 3 bed, 2 bath
29938 Fernleaf
Menifee, California 92584
Property Price
SUMMARY
Analysis of 29938 Fernleaf, Menifee, California 92584 reveals a property with a current list price of $439,950, which is 3% above the estimated $425,429 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 29938 Fernleaf Subject | $439,950* List Price | 3 | 2 | 1,299 | $328 | - |
A 28297 Palm Villa Drive Sold | $400,000 | 3 | 2 | 1,206 | $332 | 0.1 mi |
B 28355 Palm Villa Sold | $420,000 | 3 | 2 | 1,299 | $323 | 0.1 mi |
C 28121 Orangegrove Avenue Sold | $380,000 | 3 | 2 | 1,299 | $293 | 0.2 mi |
D 28172 Palm Villa Drive Sold | $490,000 | 3 | 2 | 1,299 | $377 | 0.2 mi |
E 28700 Bridge Water Lane Sold | $515,000 | 4 | 3 | 1,595 | $323 | 0.7 mi |
F 28200 Valombrosa Drive Sold | $410,000 | 3 | 2 | 1,206 | $340 | 0.1 mi |
G 29806 Coral Tree Court Active | $420,000 List Price | 3 | 2 | 1,299 | $323 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1989, this property is well-maintained but appears to be in mostly original condition. The kitchen features dated white appliances and original oak-style cabinetry, while the bathrooms and light fixtures reflect the era of construction. While the home shows pride of ownership and is clean, it lacks the modern renovations required for a higher score and fits the criteria of an aged home that is functional but outdated.
PROSSTRENGTHS & OPPORTUNITIES
- Golf Course Frontage
The property is situated directly on the golf course, offering premium, unobstructed views of the greens and surrounding mountains, which significantly enhances its desirability and value.
- Active 55+ Community Lifestyle
Located in Palmilla on the Greens, residents have access to extensive amenities including a clubhouse, swimming classes, and social clubs, fostering a vibrant and engaged senior lifestyle.
- Strategic Regional Access
The home is conveniently located near the 15 and 215 freeways, providing easy access to medical facilities, shopping, and major Southern California hubs like LA and San Diego.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =3920, other record lot size in square feet = 4356.
- Dated Construction
Built in 1989, the home may require modernization of its interior finishes or mechanical systems to meet the expectations of buyers looking for contemporary standards.
- Age-Restricted Market
As a 55+ community, the property is limited to a specific demographic, which naturally narrows the pool of potential buyers and may impact resale liquidity.
About 29938 Fernleaf
Welcome to Palmilla on the Greens, a 55+ community. This 3 bedroom, 2 bath sits on the golf course with fantastic views of golf course & mountains. A very bright floor plan with a cozy fireplace in the living room area. The backyard boosts a concrete patio, the golf course view & vinyl fencing. This Palmilla community has a lot to offer to include the clubhouse equiped with a kitchen & pool table for fun. The residents enjoy swim classes, bunko, bingo, book club &canasta to name a few. You've also got access to the beautiful Menifee lakes with tot toys, picnic area, or you can choose a walk around this lovely lake. Close to the 15 & 215 freeways, shopping, hospitals, medical buildings & many options for an amazing game of golf. Mountains, beaches, LA, & San Diego are approximately an hour drive. Mt. San Jacinto college is just a few miles away. Thank you for showing.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1989
- Lot Size
- 3,920 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $100.0 / Month
Neighborhood Insights
Menifee Unified Schools
Freedom Crest Elementary School
Grades K-5 • 1.1 mi
Hans Christensen Middle School
Grades 6-8 • 2.4 mi
Pinacate Middle School
Grades 7-8 • 6.7 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 38% |
| Baths | 2.0 | 3.0 | 35% |
| Square foot | 1,299 | 2,320.5 | 7% |
| Lot Size | 3,920 | 7,405 | 4% |
| Price | $439.9K | $621.8K | 5% |
| Price per sq ft | $339 | $271 | 86% |
| Built year | 1989 | 2007 | 6% |
| HOA | $100.0 | $81 | 54% |
| Days on market | 7 | 178 | 1% |
Pricing History
Listed for Sale
Feb 28, 2026
$439,950
Initial Listing
Sold
Feb 27, 2017
$250,000
Public Record
Sold
Nov 9, 2015
$255,000
Public Record