30525 Old Windmill Road, Menifee, California 92584, Menifee, 92584 - 2 bed, 2 bath
ACTIVE$1,300,000
30525 Old Windmill Road, Menifee, California 92584
2Beds
2Baths
1,740Sqft
66,211Lot
Price Vs. Estimate
The estimated value ($1,167,039.475) is $132,960.525 (10%) lower than the list price ($1,300,000). 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 = 66211, living area = 1740.
Top Cons:
Manufactured Home Classification: Despite being 433A certified, the property is a manufactured home, which can sometimes face appraisal challenges or buyer perception issues compared to traditional stick-built homes.
Compared to the nearby listings
Price:$1.30M vs avg $630.0K (+$670,000)99%
Size:1,740 sqft vs avg 2,258.5 sqft19%
Price/sqft:$747 vs avg $282100%
More Insights
Built in 1979 (46 years old).
Condition: The property was built in 1979, making it 45 years old. As a manufactured home, even with 433A certification, it likely requires substantial updates to meet modern standards. The exterior and the large barn show significant age and wear. No interior photos of the kitchen or bathrooms are provided, but given the age and lack of renovation details, it's highly probable these areas are original or very dated and would require extensive rehabilitation to be functional and aesthetically pleasing. The property analysis explicitly states the 'Age of Structure' is a weakness, indicating it 'may require substantial updates, renovations, or maintenance to meet modern standards and buyer expectations.' The value appears to be primarily in the land and its development potential, rather than the existing dwelling.
Year Built
1979
Close
-
List price
$1.3M
Original List price
$1.3M
Price/Sqft
$747
HOA
-
Days on market
-
Sold On
-
MLS number
PW25017644
Home ConditionPoor
Features
Good View: Hills
Pool
Patio
ViewHills
About this home
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.
Condition Rating
Poor
The property was built in 1979, making it 45 years old. As a manufactured home, even with 433A certification, it likely requires substantial updates to meet modern standards. The exterior and the large barn show significant age and wear. No interior photos of the kitchen or bathrooms are provided, but given the age and lack of renovation details, it's highly probable these areas are original or very dated and would require extensive rehabilitation to be functional and aesthetically pleasing. The property analysis explicitly states the 'Age of Structure' is a weakness, indicating it 'may require substantial updates, renovations, or maintenance to meet modern standards and buyer expectations.' The value appears to be primarily in the land and its development potential, rather than the existing dwelling.
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 = 66211, living area = 1740.
Significant Development Potential: Located in the 'Community Core' of Menifee's Economic Development Corridor with explicit mention of 'development potential' and neighboring properties also for sale, indicating a strong opportunity for future growth or larger-scale projects.
Expansive Lot Size: Just over 1.5 acres (66,211 sq ft) provides considerable space for various uses, privacy, or future expansion, a rare find in many developed areas.
Large Barn Included: The property includes a large barn, offering valuable space for storage, workshops, or potential conversion, enhancing its utility.
433A Certified Manufactured Home: The manufactured home is on a permanent foundation and 433A certified, which facilitates financing and contributes to its long-term stability and perceived value.
Scenic Hills View: The property offers desirable views of the hills, enhancing its aesthetic appeal and quality of life for residents.
Cons
Manufactured Home Classification: Despite being 433A certified, the property is a manufactured home, which can sometimes face appraisal challenges or buyer perception issues compared to traditional stick-built homes.
Age of Structure: Built in 1979, the 45-year-old home may require substantial updates, renovations, or maintenance to meet modern standards and buyer expectations.
Overpriced Relative to Estimation: The listing price of $1.3 million is 10% above the estimated property value of approximately $1.167 million, potentially making it less competitive in the current market.