40243 Mimulus Way, Temecula, California 92591, Temecula, 92591 - 3 bed, 3 bath
ACTIVE$600,000
40243 Mimulus Way, Temecula, California 92591
3Beds
3Baths
1,487Sqft
7,841Lot
Year Built
1989
Close
-
List price
$600K
Original List price
$745K
Price/Sqft
$403
HOA
$95
Days on market
-
Sold On
-
MLS number
PW25018635
Home ConditionGood
Features
ViewHills, Neighborhood
About this home
Possibly Over-Priced:The estimated price is 47% below the list price. We found 3 Cons,7 Pros. Rank: price - $600.0K(12th), sqft - 1487(16th), beds - 3(42th), baths - 3(50th).
Great opportunity for this lovely home. 3 bedrooms/2 bathrooms in the community of Roripaugh Hills. It is located in the heart of Temecula,, close to old town, golfing and shopping center, near the 15 freeway. Has been remodeled 2 years ago by previous owner. It has dining room and spacious living rooms. It has Solar Panels to save energy. Low HOA. Bring your buyers they will love this home.
Nearby schools
5/10
Temecula Elementary School
Public,•K-5•1.5mi
8/10
Nicolas Valley Elementary School
Public,•K-5•1.6mi
7/10
James L. Day Middle School
Public,•6-8•0.2mi
9/10
Chaparral High School
Public,•9-12•0.6mi
Condition Rating
Good
The property, built in 1989, benefits significantly from a remodel completed just two years ago, as stated in the description. The kitchen appears extensively updated with modern white shaker cabinets, light countertops, a stainless steel dishwasher, and wood-look laminate flooring, presenting a virtually new appearance. Similar wood-look laminate flooring is seen in the dining area and at least one bathroom. While the bathroom vanity shown in the images appears clean and functional, its style suggests it might not be as comprehensively updated as the kitchen, preventing an 'Excellent' rating where 'all components are new or virtually new.' The presence of solar panels is a strong positive for energy efficiency. Overall, the home is move-in ready with recent significant updates, aligning well with the 'Good' condition criteria for a property extensively renovated within the last 5 years.
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 = 7841, living area = 1487.
Great Schools: High School: Chaparral High School (9/10).
Recent Remodel: The property was remodeled just two years ago by the previous owner, offering updated aesthetics and functionality.
Energy Efficiency: Equipped with solar panels, the home provides significant energy savings, reducing utility costs for the homeowner.
Prime Location: Located in the heart of Temecula, it offers convenient access to Old Town, golfing, shopping centers, and the 15 freeway.
Low HOA Fees: The property benefits from low Homeowners Association fees, making it a more affordable option for buyers.
Excellent School Proximity & Ratings: Situated within the highly-rated Temecula Unified School District, with James L. Day Middle School (7/10) and Chaparral High School (9/10) in close proximity.
Cons
Property Age: Built in 1989, the home is over 30 years old, which may imply older underlying systems despite the recent remodel.
Significant Price Adjustment: The current list price of $600,000 is a substantial reduction from the original list price of $745,000, which could raise questions about previous market reception or pricing strategy.
Automated Valuation Discrepancy: The automated property estimation value is significantly lower than the current list price, potentially impacting buyer perception or financing considerations.