$620,000
●
House -
For Sale
31212 Palomar Road
Menifee, CA 92584
4 Beds
3 Baths
2,374 Ft²
$3,065
Est. Monthly
$20
HOA / Fees
About This Property
Welcome to this spacious 4-bed, 3-bath home offering 2,374 sq ft in
a quiet Menifee neighborhood. The layout features laminate
flooring, updated lighting, and a stylish family room with a
Carrera-marble-faced fireplace and custom wood-plank accent wall.
The remodeled kitchen includes quartz countertops, white cabinetry,
subway tile backsplash, stainless steel appliances, and a center
island with pendant lighting.
A convenient main-floor bedroom and full bath provide flexibility for guests or multi-generational living. Upstairs, the primary suite offers a walk-in closet, dual sinks, soaking tub, and separate shower, along with two additional bedrooms connected by a Jack-and-Jill bathroom.
The large backyard includes a covered patio and plenty of space for outdoor projects or future improvements. Additional highlights include paid solar, a 3-car garage, and a low $20/month HOA. With its strong layout and desirable location near shopping, parks, and freeway access, this home offers excellent potential for buyers looking to add their personal touch.
A convenient main-floor bedroom and full bath provide flexibility for guests or multi-generational living. Upstairs, the primary suite offers a walk-in closet, dual sinks, soaking tub, and separate shower, along with two additional bedrooms connected by a Jack-and-Jill bathroom.
The large backyard includes a covered patio and plenty of space for outdoor projects or future improvements. Additional highlights include paid solar, a 3-car garage, and a low $20/month HOA. With its strong layout and desirable location near shopping, parks, and freeway access, this home offers excellent potential for buyers looking to add their personal touch.
Unit Size
2,374 Ft²
Days on Market
132 days
Land Size
0.18 acres
Price per sqft
$261
Property Type
House
Property Taxes
-
HOA Dues
$20
Year Built
2004
Listed By
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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: 2 months ago (CRMLS #CV26082904)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 24, 2026 | Listed by DYNASTY REAL ESTATE | $620,000 | |
| Listed by DYNASTY REAL ESTATE | |||
| Mar 12, 2025 | Sold | ||
| Sold | |||
| Jan 17, 2025 | Listed by First Team Real Estate | $629,000 | |
| Listed by First Team Real Estate | |||
| | |||
|
Welcome home to this stunning 2-story, thoughtfully updated and move-in ready! Stylish, neutral laminate flooring throughout. The main level features a convenient carpeted bedroom w/full bath and laundry room. The spacious living room boasts high ceilings, updated fixtures to provide ample light, and a clean white banister, creating an inviting atmosphere. The modern kitchen is a chef's delight, featuring quartz countertops, a center island w/ pendant lighting, white cabinets, subway tile backsplash, pantry and stainless appliances. Opens to the family room which includes a built-in desk, custom wooden plank accent wall and a gas fireplace w/Carrera marble face. Carpeted stairway leads to 2nd story w/Jack-n-Jill BA and upgraded baseboards throughout. Primary BR offers an ensuite w/walk-in closet, enclosed shower and separate soaking tub. Situated on a spacious lot w/3-stall attached garage and covered patio cover. Paid Solar.
| |||
| Apr 1, 2019 | Sold | ||
| Sold | |||
| Feb 28, 2019 | Listed by Coldwell Banker West | $425,000 | |
| Listed by Coldwell Banker West | |||
 | |||
|
INDULGE IN THIS BEAUTIFUL SMART TECH HOME! TURNKEY AND MOVE-IN READY, ALL YOU NEED IS FURNITURE! UPGRADED WITH WOOD LAMINATE FLOORING, QUARTZ KITCHEN COUNTER TOPS, AND SUBWAY TILE BACKSPLASH IN THE KITCHEN. THE BACKYARD IS EQUIPPED WITH A COVERED PERGOLA AND SOLARCITY SOLAR PANELS TO MAKE YOUR LIVING MORE COST EFFICIENT. Neighborhoods: Menifee Equipment: Garage Door Opener, Range/Oven Other Fees: 0 Sewer: Public Sewer Topography: LL
| |||
Property Highlights
Garage
Parking Available
Air Conditioning
Fireplace
Parking Details
Has Garage
Attached Garage
Has Open Parking
Parking Features: Concrete, Direct Access, Driveway, Garage Faces Front, Garage, Garage Door Opener, On Street, DoorMulti
Garage Spaces: 3
Interior Details
Full Bathrooms: 3
Interior Features: Ceiling Fan(s), High Ceilings, Open Floorplan, Pantry, Recessed Lighting, Entrance Foyer, Walk-In Closet(s), QuartzCounters, TwoStoryCeilings, BedroomOnMainLevel, JackAndJillBath, PrimarySuite
Appliances: Dishwasher, Free-Standing Range, Microwave, Refrigerator, Refrigerator, Water Heater, Dryer, Washer
Flooring Type: Laminate
Laundry Features: Laundry Room
Has Fireplace
Fireplace Features: Family Room
Exterior Details
Square Footage: 2374
Square Footage Source: $0
Year Built Source: Assessor
Year Built: 2004
Levels: Two
Window Features: Double Pane Windows
Pool Features: None
Lot Features: Back Yard, Front Yard, SprinklerSystem, Yard
Lot Size Area: 7841
Lot Size Units: Square Feet
Lot Size Acres: 0.18
Lot Size Square Feet: 7841
Tax Lot: 6
Water Source: Public
Utilities Details
Cooling Type: Central Air
Heating Type: Central
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Amenities: Management
HOA Fee: $20
HOA Fee Frequency: Monthly
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Menifee
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Listed by: Leo Weng, DYNASTY REAL ESTATE
Last Updated: 2 months ago
Data Source: CRMLS, MLS# CV26082904
Last Updated: 2 months ago
Data Source: CRMLS, MLS# CV26082904
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