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28562 Brige Water Lane, Menifee, California 92584, Menifee, 92584 - 4 bed, 3 bath

28562 Brige Water Lane, Menifee, California 92584 home-pic-0
ACTIVE$660,000
28562 Brige Water Lane, Menifee, California 92584
4Beds
3Baths
2,154Sqft
4,356Lot
Year Built
1998
Close
-
List price
$660K
Original List price
$660K
Price/Sqft
$306
HOA
$81
Days on market
-
Sold On
-
MLS number
WS25124630
Home ConditionFair
Features
Good View: Lake
Deck
Patio
ViewLake

About this home

Possibly Over-Priced:The estimated price is 42% below the list price. We found 3 Cons,5 Pros. Rank: price - $660.0K(61th), sqft - 2154(44th), beds - 4(50th), baths - 3(50th).

This lovely 5 bedroom home shows a detail-oriented pride of ownership. With over 2100 sq. ft. of living space, this home is perfect for growing families. This open floor plan provides room for everyone. The lake-view backyard offers privacy and space for gatherings. Upstairs offers great views from every room, with the Master Bedroom having its own balcony to overlook the lake. With one generously sized downstairs bedroom with a full bath to match, you get all the choice. Community offers pool, fishing, kayaking, jogging paths and close proximity to shopping and freeways. Menifee Lakes offer low HOA and low taxes.

Condition Rating
Fair
Built in 1998, this property is 26 years old. While some areas feature updated LVP flooring, the bathrooms, particularly the master, show distinctly dated styles with original-looking tile countertops, fixtures, and ceramic tile flooring, indicating they have not been extensively renovated in the last 15-20 years. The ceiling fans in some rooms also appear dated. The property is well-maintained, as suggested by 'pride of ownership' and clean appearance in images, but key areas like the bathrooms and likely the kitchen (not pictured but inferred from overall age and bathroom condition) require minor updates to meet current aesthetic standards. This aligns with the 'Fair' criteria for a property built over 20 years ago with functional but outdated major components.
Pros & Cons

Pros

Desirable Lake Views & Balcony: The property offers picturesque lake views from multiple rooms, including a master bedroom balcony, enhancing its aesthetic appeal and value.
Spacious 5-Bedroom Layout: With over 2100 sq. ft. and 5 bedrooms, including a versatile downstairs bedroom with a full bath, the home caters well to growing families or multi-generational living.
Rich Community Amenities: Residents have access to Menifee Lakes community features such as a pool, fishing, kayaking, and jogging paths, providing an enhanced lifestyle.
Favorable Financials: The property benefits from low HOA fees and low property taxes, making it an attractive option for cost-conscious buyers.
Convenient Location: Its close proximity to shopping centers and major freeways offers ease of access and convenience for daily needs and commuting.

Cons

Significant Overpricing: The listing price of $660,000 is substantially higher than the estimated property value of $377,737, indicating a potential overvaluation that could deter buyers.
Modest Lot Size: The lot size of 4356 sq. ft. is relatively small for a 5-bedroom home, potentially limiting outdoor living and recreational space.
Potential for Outdated Features: Built in 1998, the property may require modernization or updates to interior finishes and systems to align with current market expectations, especially when compared to recently remodeled properties.

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