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31125 Melvin Street, Menifee, CA 92584

$520K2bd · 2ba · 1,154 sqft
Lot 40,511 sqft•Manufactured On Land•
Active
•74d on market•MLS# TR-26182757

Property Description

BIG Price Reduction!! They say in real estate it's "Location, Location, Location".....at 31125 Melvin Street location is truly everything! Located on a quiet street close to Holland Rd X Murrieta Rd this house offers quick access to Menifee/Canyon Hills/Canyon Lake, the 15 Freeway and 215 Freeway, shopping and dining, schools and parks and so much more. This cute and cozy manufactured home is on a permanent foundation and best of all the lot is just under an acre with room to build, play, plant and develop. You could add another home, build a custom home, have your ranch you always wanted, grow grapes and other crops the possibilities are endless. Inside you will find two bedrooms and two bathrooms, a nice sized kitchen and laundry area, as well as a living room with lots of natural light. Step outside and hang out in your front porch area and use your firepit under the nighttime stars and enjoy the quiet of "country living" but in the city. With a very low tax rate and assessments and no HOA this is some of the most affordable living in Menifee! Call today for your private showing and see what possibilities this home has to offer!

Features & Amenities

FeeBuilt 1979

Property Details

Land Type
Fee
Year Built
1979
Property Type
Residential
Property Subtype
Manufactured On Land
Parking Spaces
2
Garage Spaces
0
Heating
Central
Cooling
Evaporative Cooling, Wall/Window Unit(s)
View
Mountain(s), Panoramic
City
Menifee
Zip Code
92584
County
Riverside
Listed byExp Realty of California Inc, Tiffany Leaverton

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$2,626.87
Principal & Interest
Loan Amount
$415,600
Total Interest
$530,075
Total Payment Over 30 Years
$945,675
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

Comparative Market Analysis

Affordable Tier · 5 active · 5 closed

31125 Melvin Street, Menifee, CA 92584

Menifee · Manufactured On Land

$520K
Affordable Tier
Beds
2
Baths
2
Sqft
1,154
Lot
40,511 sqft
Year
1979
$/Sqft
$450
Pool: No✓
View: city✓

Listed in line with the median closed sale of $535,000. Price per sqft ($450) is a 16% premium to closed comps ($389). Closed comps sold at 101% of list — strong seller's market.

Price Position

Aligned with the market — fair pricing for the comps.

At market
Subject listed at $520K· $450/sqft
Total list price
Closed comps
vs closed median $535K
−$16K (−2.9%)
Active comps
vs active median $490K
+$30K (+6.0%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $398
+$52 (+13.1%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
24388 Wagon WheelWildomar1984221,3446,970$339$454,9993964
33515 Hidden HollowWildomar1991321,3447,405$365$489,9003963
33455 Hidden Hollow DriveWildomar1988321,3468,712$384$517,0003262
23991 Vista WayMenifee19753188810,454$562$499,5003161
23781 Casa Bonita AveMenifee2002321,4007,405$339$475,0001058
Total: 5 · Average2.81.81,264.48,189.2$397.8$487,279.830.2
Median1,344$489,900

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
25910 Rolling HillsMenifee198606/25/2026221,05698,010$550,000$535,000$5070.977782
31095 Saddleback LaneMenifee198306/29/2026221,44043,560$550,000$580,000$4031.053375
31573 Linda Lee DriveMenifee198604/15/2026321,65640,946$550,000$540,000$3260.985868
32905 Tucker RoadMenifee197711/19/2025321,44036,590$450,000$465,000$3231.036467
28594 Avenida GaviotaMenifee198604/17/2026221,15210,454$444,000$444,000$3851.006365
Total: 5 · Average2.42.01,348.845,912$512,800$512,800$388.8—59
Median1,440$535,000$535,000

Market Analysis

List vs Sale $/SqFt

Sale Price Trend

Days on Market

Sale vs List Price

AI-generated CMA

This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.