30525 Old Windmill Road, Menifee, California 92584, Menifee, 92584 - 2 bed, 2 bath
30525 Old Windmill Road
Menifee, California 92584
Property Price
SUMMARY
Analysis of 30525 Old Windmill Road, Menifee, California 92584 reveals a Fairly Priced Property with a current list price of $1,300,000 aligned with the estimated $1,300,000 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. 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 Experienced Investors and Fix-and-Flip Specialists.
Estimated Market Value
Comparable Sales Map
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.
Condition Analysis
OVERALL CONDITION SCORE
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'significant updates,' it's highly probable that these key areas, along with other systems and aesthetics, are severely outdated and require substantial repairs and rehabilitation to be comfortable and functional by current standards.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.
PROSSTRENGTHS & OPPORTUNITIES
- 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 = 66211, living area = 1740.
- Significant Development Potential
The property boasts over 1.5 acres situated within Menifee's 'Community Core' Economic Development Corridor, explicitly noted for its substantial development potential.
- Strategic Location for Growth
Its placement in a key economic development zone suggests strong potential for future appreciation and ongoing infrastructure investment.
CONSRISKS & DEFICIENCIES
- Manufactured Home Perception
Despite 433A certification, its classification as a manufactured home may deter some traditional buyers or lenders, potentially narrowing the buyer pool.
- Age of Primary Residence
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.
- Limited Interior Space
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.
About 30525 Old Windmill Road
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.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1979
- Lot Size
- 66,211 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 4.0 | 11% |
| Baths | 2.0 | 3.0 | 35% |
| Square foot | 1,740 | 2,320.5 | 20% |
| Lot Size | 66,211 | 7,405 | 97% |
| Price | $1.30M | $623.7K | 99% |
| Price per sq ft | $747 | $271 | 100% |
| Built year | 1979 | 2007 | 0% |
| HOA | $0 | $81 | 24% |
| Days on market | 407 | 178 | 99% |
Pricing History
Listed for Sale
Jan 24, 2025
$1,300,000
Initial Listing