$350,000
●
House -
Off Market
29413 Falcon Hill Drive
Menifee, CA 92584
4 Beds
2 Baths,
1
Half Bath
1,953 Ft²
$535,183
RealtyHop Estimate
46.63%
Since Sep 1, 2019
National-US
Primary Model
About This Property
Low taxes and no HOA make this an awesome starter home, or
investment opportunity! Featuring a floor plan with 4 spacious
bedrooms (all upstairs), 2.5 bathrooms, a formal living/dining room
area, a large family room with fireplace and an open kitchen. The
master suite has a walk-in closet and separate shower and roman
tub. Upgrades and amenities include ample use of tile flooring,
mirrored wardrobe doors and wood blinds. The yard is low
maintenance. Located in the heart of Menifee close to golf courses,
dining, shopping and the 215 Freeway for commuters. Truly a great
home!
Unit Size
1,953 Ft²
Days on Market
20 days
Land Size
0.12 acres
Price per sqft
$187
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2005
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 5 months ago (CRMLS #IV19190687)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 22, 2025 | Sold | ||
| Sold | |||
| May 19, 2025 | In contract | - | |
| In contract | |||
| Apr 28, 2025 | Listed by CENTURY 21 PRIMETIME REALTORS | $590,000 | |
| Listed by CENTURY 21 PRIMETIME REALTORS | |||
| | |||
|
Welcome to this beautifully maintained 4-bedroom, 3-bathroom home in the heart of Menifee. Built in 2005, this 1,953 sq ft home sits on a 5,227 sq ft lot and offers a smart, open-concept layout designed for comfort and functionality. Step into the inviting living room featuring soaring high ceilings, creating an airy and spacious feel perfect for relaxing or entertaining. The open kitchen flows seamlessly into the dining and family areas, making it the ideal space for gatherings. Low-maintenance landscaping in both the front and backyard ensures easy upkeep, while the gated RV parking adds valuable convenience for your toys or extra vehicles. With no HOA and low property taxes, this home offers affordable living in a quiet, family-friendly neighborhood close to schools, shopping, and freeway access. Don’t miss your chance to make this beautiful property your own! https://my.matterport.com/show/?m=WHrY56iHNqg
| |||
| Aug 30, 2019 | Sold | ||
| Sold | |||
| Aug 10, 2019 | Listed by COLDWELL BANKER RES. BROKERAGE | $365,000 | |
| Listed by COLDWELL BANKER RES. BROKERAGE | |||
Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
Beds
Baths
ft²
Price/ft²
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HOA + Taxes
About Menifee Lakes Coutry Club
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Listed by: LISA ANDRE, COLDWELL BANKER RES. BROKERAGE
Last Updated: 5 months ago
Data Source: CRMLS, MLS# IV19190687
Last Updated: 5 months ago
Data Source: CRMLS, MLS# IV19190687
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