30620 Old Windmill Road, Menifee, California 92584, Menifee, 92584 - 5 bed, 4 bath
30620 Old Windmill Road
Menifee, California 92584
Property Price
SUMMARY
Analysis of 30620 Old Windmill Road, Menifee, California 92584 reveals a Fairly Priced Property with a current list price of $1,200,000 aligned with the estimated $1,200,000 Fair Market Value. This represents a stable investment opportunity at market rate. 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 |
|---|---|---|---|---|---|---|
★ 30620 Old Windmill Road Subject | $1,200,000* List Price | 5 | 4 | 2,248 | $534 | - |
A 27321 La Piedra Road Active | $1,200,000 List Price | 3 | 2 | 2,016 | $595 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
The property consists of two structures: a 1984 manufactured home and a newly built 2022 ADU. While the ADU is virtually new and would be in excellent condition, the primary residence is 40 years old. Without interior images, it's highly probable that the kitchen, bathrooms, and other systems in the main manufactured home are dated and show signs of being outdated, aligning with the 'Fair' condition criteria for a property built within the last 25 to 40 years with no major renovations since construction. The overall score is influenced by the age and likely condition of the main dwelling, despite the modern addition of the ADU.
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 = 49658, living area = 2248.
- ADU for Income/Flexibility
A newly built (2022) 1,000 sq ft Accessory Dwelling Unit (ADU) with 2 beds/2 baths provides excellent potential for rental income, guest accommodation, or multi-generational living arrangements.
- Large Developable Lot
The property sits on just under 1.25 acres (49,658 sq ft), offering substantial space for expansion, additional structures, or future development, especially given its strategic location.
CONSRISKS & DEFICIENCIES
- Manufactured Home Status
The primary residence is a 1984 manufactured home, which, despite being 433A certified on a permanent foundation, may face perception challenges or financing limitations compared to traditional stick-built homes.
- Age of Main Residence
The main manufactured home was built in 1984, making it 40 years old. This suggests potential for dated systems, required updates, or higher maintenance costs compared to newer constructions.
- Proximity to Commercial Development
While offering development potential, being in the 'Community Core' and Economic Development Corridor could lead to increased traffic, noise, or future commercial encroachment, potentially impacting residential tranquility.
About 30620 Old Windmill Road
30620 Old Windmill rd features a 1,248 sq ft 3 bedroom 2 bathroom 433A certified Manufactured Home on a permanent foundation built in 1984 & a 1,000 sq ft 2 bedroom 2 bathroom ADU built in 2022 on just under 1.25 acres, located in the "Community Core" of Menifee's Economic Development Corridor. There is also a carport & 2 horse corals on this large lot with development potential & the neighboring properties, 30581 Old Windmill rd & 30640 Old Windmill rd are listed for sale as well.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1984
- Lot Size
- 49,658 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 4 (4 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 | 5.0 | 4.0 | 72% |
| Baths | 4.0 | 3.0 | 85% |
| Square foot | 2,248 | 2,320.5 | 44% |
| Lot Size | 49,658 | 7,405 | 97% |
| Price | $1.20M | $623.7K | 98% |
| Price per sq ft | $534 | $271 | 99% |
| Built year | 1984 | 2007 | 0% |
| HOA | $0 | $81 | 24% |
| Days on market | 452 | 178 | 99% |
Pricing History
Listed for Sale
Dec 10, 2024
$1,200,000
Initial Listing