33761 Leon Road, Menifee, California 92596, Menifee, 92596 - 3 bed, 3 bath

33761 Leon Road, Menifee, California 92596 home-pic-0
ACTIVE$1,099,000
33761 Leon Road, Menifee, California 92596
3Beds
3Baths
2,040Sqft
203,861Lot
Year Built
1979
Close
-
List price
$1.1M
Original List price
$1.19M
Price/Sqft
$539
HOA
-
Days on market
-
Sold On
-
MLS number
SW25004158
Home ConditionGood
Features
View-

About this home

Possibly Over-Priced:The estimated price is 19% below the list price. We found 3 Cons,6 Pros. Rank: price - $1.10M(99th), sqft - 2040(41th), beds - 3(32th), baths - 3(50th).

Welcome to this incredible 5-acre lot property located on a prime corner in the fast-growing Menifee/Winchester area. This home not only offers a beautiful living space but also presents a unique opportunity for business potential. The owner currently rents out the yard for RV parking and storage, providing a source of income. This fully upgraded home features 3 spacious bedrooms and 3 bathrooms, with an open floor plan that creates a warm and inviting atmosphere. The property is fully fenced, equipped with cameras for security, and solar-powered lighting that adds to the property's appeal. Two gates provide easy access to the property, ensuring convenience for both residential and business use. Whether you're looking to live and operate a business from the same location or simply enjoy the expansive space, this property offers endless possibilities. Don’t miss out on this rare gem! Contact us today for a viewing.

Condition Rating
Good

The property, built in 1979, is described as a 'fully upgraded home' with a 'modern interior.' While the original construction is over 40 years old, the extensive upgrades, as highlighted in the description and property analysis, suggest a significant renovation that brings the home to a move-in ready condition. The exterior images show a well-maintained manufactured home on a large lot, consistent with a property that has received care. Without interior photos of the kitchen and bathrooms, or specific dates for the renovations, it's difficult to assign an 'Excellent' score. However, the strong emphasis on 'fully upgraded' and 'modern' indicates that major systems and aesthetics have been addressed, aligning with the 'Good' criteria of being extensively renovated within the last 5 to 15 years, making it functional and appealing despite its original build year.
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 = 203861, living area = 2040.
Expansive Acreage & Prime Corner Lot: The property boasts an impressive 5-acre lot on a prime corner, offering significant space, privacy, and potential for various uses in a growing area.
Established Income-Generating Business: Currently generates income through RV parking and storage rentals, presenting a unique opportunity for immediate revenue or business expansion.
Fully Upgraded & Modern Interior: The home is fully upgraded with 3 spacious bedrooms and 3 bathrooms, featuring an open floor plan for a comfortable and inviting living experience.
Enhanced Security & Accessibility: Equipped with full fencing, security cameras, solar-powered lighting, and two access gates, ensuring privacy, safety, and convenient entry/exit.
Strategic Location in Growth Corridor: Situated in the fast-growing Menifee/Winchester area, indicating strong potential for future appreciation and development.

Cons

Significant Overpricing Relative to Market Value: The current listing price is 19% above the estimated market value, potentially impacting buyer interest and time on market.
Age of Original Construction: Built in 1979, the property's underlying structure is over 40 years old, which may lead to concerns about long-term maintenance or energy efficiency despite recent upgrades.
Lack of Scenic Views: The property does not offer specific scenic views (e.g., hills, mountains), which could be a disadvantage compared to other large-lot properties in the region.

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