$689,990
↓ $8K (1.1%)
●
House -
For Sale
31249 Palomar Road
Menifee, CA 92584
5 Beds
3 Baths
3,000 Ft²
$3,388
Est. Monthly
About This Property
BEST VALUE IN MENIFEE! 5 bed/3 bath and NO HOA! 3-CAR GARAGE! Super
clean and move-in ready. The open-concept main floor includes a
great room with a fireplace and a spacious kitchen featuring
granite counters, stainless appliances, and center island. A
convenient downstairs bedroom and full bath are perfect for guests.
Upstairs, you'll discover four more bedrooms and a bright loft
area-ideal for a secondary living room, game space, or kids' retreat. Escape to the serenity of the massive primary bedroom with
a full ensuite featuring double sinks, soaking tub, and HUGE
walk-in closet. The tinted windows are finished with UV screens,
plantation shutters/wood blinds. The pool-sized yard is ready for
your personal touch. A 3-car garage with a tandem space provides
great hobby area. Commuter-friendly and located just minutes from
Mt. San Jacinto College, Liberty High School, Bell Mountain Middle
School, Wheatfield Park, shopping, and dining. NO HOA!
Unit Size
3,000 Ft²
Days on Market
122 days
Land Size
0.19 acres
Price per sqft
$230
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2009
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: 17 days ago (CRMLS #SW26134035)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 3, 2026 | Price Decreased |
$689,990
↓ $8K
(1.1%) | |
| Price Decreased | |||
| Aug 28, 2026 | Price Decreased |
$697,500
↓ $3K
(0.4%) | |
| Price Decreased | |||
| Jul 31, 2026 | Relisted | $700,000 | |
| Relisted | |||
| Jul 8, 2026 | In contract | - | |
| In contract | |||
| Jun 7, 2026 | Listed by HomeSmart Realty West | $700,000 | |
| Listed by HomeSmart Realty West | |||
Property Highlights
Garage
Air Conditioning
Fireplace
Parking Details
Has Garage
Attached Garage
Has Open Parking
Parking Features: Driveway, Garage Faces Front, Garage
Garage Spaces: 3
Open Parking Spaces: 2
Interior Details
Full Bathrooms: 3
Interior Features: Breakfast Bar, Ceiling Fan(s), Granite Counters, High Ceilings, Open Floorplan, Pantry, Recessed Lighting, Walk-In Closet(s), BedroomOnMainLevel, Loft, PrimarySuite, WalkInPantry
Appliances: Dishwasher, Free-Standing Range, Disposal, Gas Range, Microwave, Water Heater
Flooring Type: Carpet, Laminate, Tile
Door Features: PanelDoors
Laundry Features: Laundry Room, Upper Level
Has Fireplace
Fireplace Features: Gas, Great Room
Exterior Details
Square Footage: 3000
Square Footage Source: $0
Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
Property Condition: Turnkey
Architectural Style: Traditional
Year Built Source: Owner
Year Built: 2009
Builder Name: Richmond American
Levels: Two
Window Features: Blinds, Double Pane Windows
Construction Materials: Stucco
Patio and Porch Features: Concrete
Pool Features: None
Lot Features: Back Yard, Front Yard, Sprinklers In Rear, Sprinklers In Front, SixToTenUnitsAcre
Lot Size Area: 8276
Lot Size Units: Square Feet
Lot Size Acres: 0.19
Lot Size Square Feet: 8276
Lot Size Dimensions: 8276
Tax Lot: 92
Water Source: Public
Utilities Details
Cooling Type: Central Air
Heating Type: Central
Sewer : Public Sewer
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
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Audra Merrell, HomeSmart Realty West
Last Updated: 17 days ago
Data Source: CRMLS, MLS# SW26134035
Last Updated: 17 days ago
Data Source: CRMLS, MLS# SW26134035
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