30525 Old Windmill Road, Menifee, California 92584, Menifee, 92584 - 2 bed, 2 bath
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Menifee, California 92584
This Strategic Development Asset is listed at $1,300,000, representing a stable entry point at its $1,300,000 Fair Market Value. While the 1979 manufactured home carries a Poor Condition Rating, the primary value is anchored in the expansive 1.52-Acre Lot located within Menifee’s Economic Development Corridor. Featuring 433A Certification, a Large Barn, and a Scenic Hills View with a pool and spa, the property offers a rare Assemblage Opportunity with multiple contiguous parcels. This high-utility acquisition is an ideal play for Developers or Land-Bank Investors targeting Menifee’s rapid commercial expansion.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 30525 Old Windmill Road Subject | $1,300,000* List Price | 2 | 2 | 1,740 | $747 | - |
A 30750 Old Windmill Road Active | $1,000,000 List Price | 3 | 2 | 1,440 | $694 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property, a manufactured home built in 1979, is 45 years old. The MLS listing explicitly states that the 'Age of Primary Residence' is a weakness, 'likely requiring significant updates to systems and aesthetics to meet modern standards and buyer expectations.' Without any interior images of the kitchen or bathrooms, and given the age and the need for 'significant updates,' it's highly probable that these key areas, along with other systems and aesthetics, are severely outdated and require substantial repairs and rehabilitation to be comfortable and functional by current standards. The property's value appears to be primarily in the land's development potential rather than the existing structure's condition.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 66211, living area = 1740.
The property boasts over 1.5 acres situated within Menifee's 'Community Core' Economic Development Corridor, explicitly noted for its substantial development potential.
Its placement in a key economic development zone suggests strong potential for future appreciation and ongoing infrastructure investment.
Despite 433A certification, its classification as a manufactured home may deter some traditional buyers or lenders, potentially narrowing the buyer pool.
Built in 1979, the home is over four decades old, likely requiring significant updates to systems and aesthetics to meet modern standards and buyer expectations.
With only 2 bedrooms and 1,740 sq ft, the interior living space may be considered modest for the $1.3 million price point, especially for families or those seeking more room.
30525 Old Windmill rd features a 1,740 sq ft 2 bedroom 2 bathroom 433A certified Manufactured Home on a permanent foundation built in 1979 & a large Barn on just over 1.5 acres located in the "Community Core" of Menifee's Economic Development Corridor. This large lot has development potential & the neighboring properties, 30581 Old Windmill rd, 30620 Old Windmill rd & 30640 Old Windmill rd & 30645 Old Windmill rd are listed for sale as well.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 4.0 | 11% |
| Baths | 2.0 | 3.0 | 37% |
| Square foot | 1,740 | 2,304 | 22% |
| Lot Size | 66,211 | 7,405 | 98% |
| Price | $1.30M | $620.0K | 100% |
| Price per sq ft | $747 | $274 | 100% |
| Built year | 1979 | 2008 | 1% |
| HOA | $0 | $81 | 24% |
| Days on market | 453 | 181 | 99% |
Jan 24, 2025
$1,300,000
Initial Listing