29822 Canary Wood Court, Menifee, California 92584, Menifee, 92584 - 3 bed, 2 bath

29822 Canary Wood Court, Menifee, California 92584 home-pic-0
ACTIVE$499,000
29822 Canary Wood Court, Menifee, California 92584
3Beds
2Baths
2,192Sqft
6,325Lot
Year Built
2022
Close
-
List price
$499K
Original List price
$658K
Price/Sqft
$228
HOA
$79
Days on market
-
Sold On
-
MLS number
TR25095194
Home ConditionExcellent
Features
Good View: Canyon, Park/Greenbelt, Neighborhood
Patio
ViewCanyon, Park/Greenbelt, Neighborhood

About this home

We found 3 Cons,5 Pros. Rank: price - $499.0K(5th), sqft - 2192(46th), beds - 3(39th), baths - 2(37th).

This single-family home in Menifee, California, was built in 2022, with approximately 2,200 square feet of interior space, 3 bedrooms and 2 bathrooms. The home is equipped with a solar system, wood floors, stainless steel appliances, granite countertops, a system of vacuums, a walk-in closet in the master bedroom, and a covered backyard "California Room". Menifee is a beautiful city with many attractions and facilities worth exploring nearby: • Menifee Lake: This recreational area is suitable for boating, fishing, and picnicking and provides a peaceful natural environment. • Motte Historic Antique Car Museum: A museum that displays antique cars and local history, it is a great place for family outings. • Drop Zone Water Park: A family- and child-friendly water park with a variety of water activities. • Temecula Wine Country: About 15 miles away, there are multiple wineries suitable for wine tasting and sightseeing. • March Field Air Museum: A museum that showcases more than 70 aircraft and military aviation history, perfect for aviation enthusiasts. Solar leasing, ?? 95/month, Save you a lot of electricity bills. In addition, there are multiple parks, shopping centers, and restaurants nearby, and easy access to the highway, so this house can meet your family's daily life and leisure and entertainment needs.

Condition Rating
Excellent

This property was built in 2022, making it virtually new. The listing description highlights modern features such as wood floors, stainless steel appliances, granite countertops, and a central vacuum system. The images confirm a contemporary aesthetic with recessed lighting, modern kitchen cabinetry, and updated bathrooms with walk-in showers and modern vanities. All components appear new, meeting current quality standards with no visible deferred maintenance or physical depreciation.
Pros & Cons

Pros

New Construction & Modern Finishes: Built in 2022, this home features contemporary amenities including wood floors, stainless steel appliances, granite countertops, and a central vacuum system, offering a move-in ready modern living experience.
Energy Efficiency: Equipped with a solar system, which, despite being leased at $95/month, provides significant savings on electricity bills, contributing to lower monthly operating costs.
Desirable Outdoor Living Space: The property boasts a covered 'California Room' in the backyard, enhancing outdoor entertainment and relaxation options for residents.
Attractive Location & Amenities: Situated in Menifee with easy access to recreational areas, cultural attractions, shopping, dining, and major highways, catering to diverse family needs and offering neighborhood, canyon, and park/greenbelt views.
Significant Price Adjustment: The current list price of $499,000 represents a substantial reduction from the original $658,000, potentially offering a compelling value proposition for buyers in the current market.

Cons

Solar Lease Obligation: The solar system is leased at $95/month, which is an ongoing financial commitment for the buyer rather than an owned asset that adds direct equity to the property.
Limited Bedroom/Bathroom Count: With 3 bedrooms and 2 bathrooms, the property offers fewer accommodations compared to several recently sold comparable properties in the immediate area that feature 4 bedrooms and/or 3 bathrooms, potentially limiting its appeal to larger families.
Competitive Pricing Discrepancy: The current list price of $499,000 is notably lower than recent sales of comparable properties (some with similar or even older build years) in the vicinity, which could lead to buyer skepticism or suggest a highly motivated seller.

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