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29665 Rigging Way, Menifee, California 92584, Menifee, 92584 - 5 bed, 3 bath

29665 Rigging Way, Menifee, California 92584 home-pic-0
ACTIVE$715,000
29665 Rigging Way, Menifee, California 92584
5Beds
3Baths
2,855Sqft
5,227Lot
Year Built
2018
Close
-
List price
$715K
Original List price
$765K
Price/Sqft
$250
HOA
$250
Days on market
-
Sold On
-
MLS number
IV25079636
Home ConditionExcellent
Features
Patio
ViewNeighborhood

About this home

Possibly Over-Priced:The estimated price is 10% below the list price. We found 3 Cons,5 Pros. Rank: price - $715.0K(76th), sqft - 2855(78th), beds - 5(79th), baths - 3(50th).

HUGE PRICE ADJUSTMENT! Beautiful former MODEL home in the Reflections Gated Community! Welcome to this stunning 5-bedroom, 3-bathroom home, with 2,855 square feet of beautifully designed living space, this home offers an ideal blend of comfort, functionality, and style. Step inside to an open-concept floor plan featuring a bright and airy layout with a spacious loft upstairs, dedicated downstairs den/office, and a convenient downstairs bedroom and full bath—perfect for guests or multi-generational living. The heart of the home is the gourmet kitchen, boasting granite countertops, a large center island, walk-in pantry, and plenty of cabinet space. Enjoy cooking with a 5-burner gas cooktop, oversized hood, microwave/oven combo, and stainless steel appliances. Upgraded light fixtures add a modern touch, while plantation shutters offer timeless elegance.The living room features a custom built-in entertainment center, ideal for relaxing or entertaining. Mixed flooring throughout enhances the cozy and inviting atmosphere. Retreat to the huge primary suite complete with a walk-in closet, dual vanities, walk-in shower, and a sunken tub for the ultimate relaxation. Prime location, ideal for walking, biking, and hiking with scenic trails just steps away. Enjoy easy access to the community pool with splash pad and water slide, community center, lake, parks, and top-rated schools. Conveniently located near restaurants, shopping, and major freeways, this is an amazing opportunity to live in a truly exceptional neighborhood. This home also includes a fully paid-off solar system, offering significant energy savings and year-round efficiency—an incredible value and long-term benefit for the next homeowner. Garage includes EV charging station.

Nearby schools

6/10
Callie Kirkpatrick Elementary School
Public,•K-5•0.5mi
6/10
Southshore Elementary School
Public,•K-5•0.9mi
3/10
Freedom Crest Elementary School
Public,•K-5•1.1mi
7/10
Bell Mountain Middle School
Public,•6-8•1.0mi
5/10
Hans Christensen Middle School
Public,•6-8•3.1mi
2/10
Pinacate Middle School
Public,•7-8•7.5mi
4/10
Heritage High School
Public,•9-12•4.2mi
Condition Rating
Excellent
This property, built in 2018, is only 6 years old and was a former model home, indicating high-quality construction and finishes from the start. The kitchen features modern light grey cabinetry, white quartz countertops, stainless steel appliances (including a wall oven/microwave combo and gas cooktop with a modern hood), and a large island, all in excellent condition. Bathrooms also showcase modern vanities and fixtures. Throughout the home, upgraded light fixtures, plantation shutters, and mixed flooring (including modern wood-look flooring) contribute to a contemporary and well-maintained aesthetic. There is no visible wear and tear, and all systems and features meet current quality standards, aligning perfectly with the 'Excellent' criteria.
Pros & Cons

Pros

Former Model Home with Upgrades: This property was a former model home, featuring high-end finishes such as upgraded light fixtures, plantation shutters, and a custom built-in entertainment center, enhancing its aesthetic appeal and value.
Extensive Community Amenities: Located within the Reflections Gated Community, residents benefit from a community pool with splash pad and water slide, community center, lake, parks, and proximity to top-rated schools, offering a resort-like lifestyle.
Energy Efficiency & Modern Technology: The home includes a fully paid-off solar system, providing significant energy savings, and an EV charging station in the garage, appealing to environmentally conscious buyers and offering long-term cost benefits.
Versatile & Spacious Floor Plan: With 5 bedrooms and 3 bathrooms, the open-concept layout features a spacious upstairs loft, a dedicated downstairs den/office, and a convenient downstairs bedroom with a full bath, ideal for guests or multi-generational living.
Gourmet Kitchen & Luxurious Primary Suite: The gourmet kitchen boasts granite countertops, a large center island, walk-in pantry, and stainless steel appliances. The huge primary suite offers a walk-in closet, dual vanities, walk-in shower, and a sunken tub for ultimate relaxation.

Cons

Significant Price Reduction: The property has undergone a 'HUGE PRICE ADJUSTMENT' from its original list price of $765,000 to $715,000, which may indicate initial overpricing or challenges in attracting buyers.
Overpriced Relative to Market Estimation: The current listing price of $715,000 is notably higher than the estimated property value of $638,515.92, suggesting it may still be priced above its current market worth.
High Association Fees: A monthly association fee of $250.0, while covering extensive amenities, adds to the overall cost of homeownership and could be a consideration for budget-conscious buyers.

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