RealKey
‪(213) 433-7766‬

29238 Carmel Road, Menifee, California 92586, Menifee, 92586 - 4 bed, 3 bath

29238 Carmel Road, Menifee, California 92586 home-pic-0
ACTIVE UNDER CONTRACT$425,000
29238 Carmel Road, Menifee, California 92586
4Beds
3Baths
2,205Sqft
6,534Lot
Year Built
1964
Close
-
List price
$425K
Original List price
$445K
Price/Sqft
$193
HOA
$410
Days on market
-
Sold On
-
MLS number
SW25168943
Home ConditionFair
Features
Good View: None
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $425.0K(57th), sqft - 2205(91th), beds - 4(85th), baths - 3(88th).

Senior living - Rare opportunity for super practical TWO master suite home, which is ideal for multi-generational living or a live-in caretaker. The fully permitted spacious master suite addition has a sliding glass door to the backyard as well as an oversized walk-in shower and roomy walk-in closet. Located on one side of the house for privacy, the room has its own HVAC and wood-like floor tiles. The home features a spacious living room, as well as a practical kitchen and dining room combo. In the other wing of the house, there is another master suite with two closets and a walk-in shower, as well as two secondary bedrooms and a remodeled bathroom. There is a generous, low-maintenance backyard overlooking the greenbelt with large shade trees. The two-car garage also has an additional workshop area for a man cave or hobbies. The home has fully paid-for solar and an electric car charger, so power and "gasoline" are practically free. Low taxes and super-low HOA fees, combined with owned solar, create extremely affordable living conditions.

Nearby schools

7/10
Ridgemoor Elementary School
Public,•K-5•1.2mi
3/10
Freedom Crest Elementary School
Public,•K-5•2.4mi
5/10
Hans Christensen Middle School
Public,•6-8•1.7mi
6/10
Menifee Valley Middle School
Public,•6-8•2.9mi
4/10
Ethan A Chase Middle School
Public,•6-8•3.3mi
2/10
Pinacate Middle School
Public,•7-8•5.2mi
7/10
Paloma Valley High School
Public,•9-12•2.3mi
4/10
Heritage High School
Public,•9-12•4.6mi

Price History

Date
Event
Price
10/16/25
Price Change
$425,000-4.5%
07/30/25
$445,000
Condition Rating
Fair
Built in 1964, this property has seen significant updates, including a fully permitted spacious master suite addition with its own HVAC and wood-like floor tiles, a remodeled secondary bathroom, and fully paid-for solar panels. These improvements are substantial and enhance the property's functionality and efficiency. However, the kitchen, while practical, features dated wood cabinets, a mix of older and newer appliances, and an eclectic aesthetic that would require a full renovation to meet current quality and style standards. While some areas are updated, the overall age of the original structure and the condition of the kitchen indicate that major components are functional but show signs of being outdated, aligning with the 'Fair' category, which suggests it requires substantial updates in key areas like the kitchen, rather than just minor repairs.
Pros & Cons

Pros

Exceptional Multi-Generational Layout: Features two distinct master suites, one a fully permitted addition with its own HVAC, ideal for multi-generational living or a live-in caretaker, offering privacy and flexibility.
Substantial Cost Efficiencies: Benefits from fully paid-for solar panels, an electric car charger, low property taxes, and super-low HOA fees, significantly reducing monthly living expenses.
Functional Workshop Space: The two-car garage includes an additional workshop area, providing valuable dedicated space for hobbies or storage.
Low-Maintenance Greenbelt Backyard: A generous, low-maintenance backyard offers privacy and pleasant views overlooking a greenbelt with mature shade trees.
Updated Interior Elements: Includes a remodeled secondary bathroom and wood-like floor tiles in the new master suite, indicating recent updates and modern touches.

Cons

Age of Property: Built in 1964, the property is older, which may imply potential for deferred maintenance or the need for further updates beyond what's mentioned.
Limited Market Appeal: Designated for 'Senior living,' which, while beneficial for its niche, restricts the potential buyer pool and could impact broader market appeal or resale time.
Lack of Views: The property description explicitly states 'View: None,' which could be a drawback for buyers prioritizing scenic outlooks.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state