31864 Railroad Canyon 3, Menifee, California 92587, Menifee, 92587 - 2 bed, 3 bath
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Menifee, California 92587
This Condominium represents a Strong Value Opportunity, listed at $388,500—positioned above the $358,076 Fair Market Value. While the property carries a premium, it offers a Condition Rating of 3, featuring an upgraded interior and access to a community pool and Canyon Lake Golf Course. Despite the higher HOA fees, the move-in ready status and Mountain Views provide immediate lifestyle benefits. This property is an ideal acquisition for Owner-Occupants seeking a low-maintenance residence or first-time buyers prioritizing location and amenities.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 31864 Railroad Canyon 3 Subject | $388,500* List Price | 2 | 3 | 1,360 | $263 | - |
A 31850 Railroad Canyon Road Active | $279,999 List Price | 3 | 2 | 1,312 | $213 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1982, the listing indicates an upgraded interior and move-in ready condition. The property appears well-maintained with renovations likely completed within the last 5-15 years, making it functional for modern occupancy.
Situated in a secure gated community directly across from the Canyon Lake Golf Course, offering residents exclusive access to a community pool and a premium recreational lifestyle.
The unit features an upgraded interior, providing a move-in-ready experience with contemporary finishes that enhance the property's overall marketability.
The property boasts beautiful mountain views, adding significant aesthetic value and a sense of tranquility to the living environment.
The monthly HOA fee of $730 is notably high for this price point, which may impact buyer affordability and overall monthly carrying costs.
Built in 1982, the structure may require more frequent maintenance or updates to major systems compared to newer residential developments in the Menifee area.
This unit is three bedrooms two bath gated community with a community pool, upgraded interior, with access to Canyon Lake Golf Course across the street Come take a look.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 3.0 | 2.0 | 67% |
| Square foot | 1,360 | 1,132 | 67% |
| Lot Size | - | - | 50% |
| Price | $388.5K | $388.5K | 50% |
| Price per sq ft | $286 | $383 | 33% |
| Built year | 1982 | 1973 | 67% |
| HOA | $730.0 | $620 | 67% |
| Days on market | 26 | 190 | 33% |
May 11, 2026
$388,500
Initial Listing
Dec 18, 2020
$225,000
Public Record
May 10, 2019
$155,000
Public Record
Jan 20, 2011
$90,000
Public Record
Apr 8, 2005
$219,500
Public Record
Mar 19, 2002
$86,000
Public Record
Jun 25, 1999
$59,545
Public Record
Feb 10, 1998
$23,000
Public Record