
Menifee, California 92584
This Spacious Single-Story Residence is listed at $649,999, representing a stable acquisition opportunity when compared to its $593,914 Fair Market Value and the premium demand for non-HOA properties. Boasting a Functional Condition Rating, the home features a versatile 2,444 sqft layout with a dedicated office and an expansive 9,583 sqft lot backing onto a protected greenbelt. The rare combination of No HOA restrictions and RV Parking potential provides significant lifestyle freedom. Situated near 7-rated schools like Oak Meadows Elementary and Paloma Valley High, this property is an ideal match for growing families or Owner-Occupants seeking privacy and long-term stability.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 33616 Magnetite Subject | $624,999* List Price | 3 | 3 | 2,444 | $232 | - |
A 33173 Aquamarine Circle Sold | $575,000 | 5 | 3 | 2,469 | $233 | 0.4 mi |
B 33263 Gypsum Sold | $670,000 | 3 | 3 | 2,320 | $289 | 0.4 mi |
C 33340 Breighton Wood Street Sold | $620,000 | 4 | 3 | 2,738 | $226 | 0.4 mi |
D 29192 Jamesonite Active | $597,000 List Price | 3 | 2 | 2,367 | $252 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 2004, this 22-year-old property is in functional condition but remains largely original. The kitchen features dated oak cabinetry, tile countertops, and white appliances that lack modern appeal. While the home is well-maintained and move-in ready, the age of the structure and systems exceeds 20 years without significant renovations, placing it in the fair category for needing cosmetic updates.
The property features a large 9,583 sqft lot with no rear neighbors, backing onto protected land with mature oak trees, providing a rare and peaceful natural buffer.
The absence of HOA restrictions offers homeowners significant financial savings and greater freedom, including the practical advantage of potential RV parking.
With 2,444 square feet and a flexible floor plan including a den and a front flex room, the home easily adapts to a 4-bedroom configuration or a dedicated home office.
The property was recently sold within the past year on 2025-11-13. The sold price is $585,000.00.
While the elementary and high schools are well-rated, the assigned middle school has a significantly lower rating of 2, which may be a concern for education-focused buyers.
Built in 2004, the home may require cosmetic updates or system modernizations to compete with the high volume of new construction developments in the Menifee area.
Priced to SELL! Welcome to 33616 Magnetite St, Menifee, a spacious and versatile home offering 2,444 square feet with a flexible 3 to 4 bedroom PLUS a den or office and 2.5 bathrooms, all with no HOA and NO neighbors behind you! Built in 2004 and set further back from the street, this property offers a more private and established feel from the moment you arrive. The interior includes formal living and dining areas, a front room that can easily function as a fourth bedroom or additional flex space, a separate den or office, and a kitchen that opens to a comfortable family room with fireplace, creating an ideal layout for both everyday living and entertaining. The two car garage and possible RV parking add practical appeal, while the expansive 9,583 square foot lot is the true highlight. With no rear neighbors and protected land featuring mature oak trees behind the home, the backyard offers a rare sense of privacy and open space. The natural gully and preserved landscape create a peaceful backdrop where you can enjoy quiet evenings and the sounds of nature while still being conveniently located near shopping, dining, and commuter routes in Menifee. Offered at $650,000, this home presents a rare opportunity to own space, flexibility, and privacy without HOA restrictions.
No exterior & parking available.
Grades K-5 • 0.8 mi
Grades K-5 • 2.6 mi
Grades 6-8 • 3.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 39% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,444 | 2,312 | 57% |
| Lot Size | 9,583 | 7,405 | 84% |
| Price | $625.0K | $630.0K | 49% |
| Price per sq ft | $256 | $274 | 36% |
| Built year | 2004 | 2008 | 37% |
| HOA | $0 | $92 | 25% |
| Days on market | 40 | 156 | 5% |
May 22, 2026
$624,999
$649,999
-4% Price Drop
Initial Listing
Apr 28, 2026
$649,999
Initial Listing
Nov 13, 2025
$585,000
Public Record
Apr 29, 2009
$223,000
Public Record
Aug 24, 2007
$415,000
Public Record
May 26, 2005
$397,000
Public Record