31235 Morgan Horse, Menifee, California 92584, Menifee, 92584 - 4 bed, 3 bath

31235 Morgan Horse, Menifee, California 92584 home-pic-0

31235 Morgan Horse

Menifee, California 92584

ACTIVE
CONDITION: EXCELLENT
4Beds
3Baths
3,998Sq Ft
11,326Lot Size

Property Price

LIST PRICE$875,000
EST. MARKET VALUE
$952,880
8% BelowMARKET VALUE

SUMMARY

Analysis of 31235 Morgan Horse, Menifee, California 92584 reveals a Prime Investment Opportunity with a current list price of $875,000—significantly undercutting the $952,880 Fair Market Value by 8%. This valuation gap indicates a +$77,880 Instant Equity potential for buyers. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. 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

$952,880 +$77,880 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Menifee.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
31235 Morgan Horse
Subject
$875,000*
List Price
433,998$238-
A
31041 Bridle Way
Sold
$820,000333,739$2190.2 mi
B
31362 Bay Horse Way
Sold
$739,800433,084$2400.3 mi
C
29670 Saddlebred Circle
Sold
$875,000433,494$2500.2 mi
D
31044 Morgan Horse Street
Sold
$744,000432,839$2620.2 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Excellent
TeardownExcellent

Property is new construction or fully renovated.

Built in 2020, this property is well within the 10-year threshold for an excellent rating. The home features modern, high-quality finishes including a gourmet kitchen with a large center island, stainless steel appliances, and white subway tile. The bathrooms are spa-inspired with contemporary fixtures and soaking tubs. With additional modern upgrades like solar panels, EV charging, and professional landscaping, the property shows no signs of deferred maintenance and meets current quality standards.

PROSSTRENGTHS & OPPORTUNITIES

  • Modern Open-Concept Design

    Built in 2020, this nearly 4,000 sqft home features a contemporary open layout with a gourmet kitchen and a versatile main-floor bedroom, perfect for multigenerational living.

  • Premium Outdoor Amenities

    The quarter-acre lot is professionally landscaped for entertaining, featuring a private courtyard, a covered patio with a fire pit, and a built-in BBQ area.

  • Energy Efficiency

    Equipped with solar panels and EV charging capabilities, this property offers significant long-term utility savings and modern convenience for eco-conscious buyers.

CONSRISKS & DEFICIENCIES

  • MLS Listing Discrepancy

    Living area discrepancy between mls listing and other public or private record. mls listing living area = 3998, other record living area = 3739. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.

  • Bedroom-to-Square-Footage Ratio

    At nearly 4,000 square feet, the four-bedroom configuration may feel under-utilized for large families who typically expect five or more bedrooms in a home of this scale.

  • Market Price Premium

    The $875,000 list price represents a significant premium for the Menifee area, which may limit the pool of qualified buyers compared to more moderately priced local inventory.

About 31235 Morgan Horse

Welcome to 31235 Morgan Horse Street, a beautifully appointed 2020-built home offering 3,998 square feet of thoughtfully designed living space on an approximately quarter-acre lot in one of Menifee’s most desirable neighborhoods. With strong curb appeal, manicured landscaping, and a warm stucco exterior, this 4-bedroom, 3-bath residence blends modern comfort with exceptional functionality. Inside, an expansive open-concept layout is filled with natural light and designed for seamless indoor-outdoor living. The kitchen features a large center island with bar seating, stainless steel appliances, white subway tile backsplash, recessed lighting, modern pendant fixtures, and a walk-in pantry, flowing seamlessly into the dining area and spacious living room. Sliding glass doors on either side open to a private courtyard and an entertainer’s dream backyard. Adjacent to the dining room is a unique bar and entertainment area, offering the perfect setting for hosting. The main level includes a full bedroom and bath, ideal for guests or multigenerational living. Upstairs, a generous loft/flex space provides additional versatility, while the primary suite offers a spacious bedroom with sitting area, an oversized walk-in closet, and a spa-inspired bath with dual sinks, soaking tub, and separate shower. Secondary bedrooms are well-sized with ample closets, and the upstairs bath includes dual sinks and a shower-tub combo. A dedicated laundry room with sink and storage adds convenience. The backyard is designed for gathering, with a covered patio, fire pit with seating, barbecue area, lush lawn, and multiple seating spaces that create a true indoor-outdoor lifestyle. Additional highlights include solar, EV charging capability, a 3-car garage, and central heating and air conditioning, all conveniently located near parks, schools, shopping, and dining.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
2020
Lot Size
11,326 Sq. Ft.

Interior

Total Bedrooms
4
Total Bathrooms
3 (3 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$35.0 / Month

Neighborhood Insights

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds4.04.0
50%
Baths3.03.0
50%
Square foot3,9982,322
97%
Lot Size11,3267,405
92%
Price$875.0K$623.7K
94%
Price per sq ft$219$271
8%
Built year20202007
73%
HOA$35.0$81
33%
Days on market16178
1%

Pricing History

Listed for Sale

Feb 19, 2026

$875,000

Initial Listing

Sold

Jun 19, 2020

$590,000

Public Record

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