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29545 Monarch Road, Menifee, CA 92586

$573K4bd · 3ba · 1,650 sqft
Lot 1,775 sqft•HOA $260/mo•Condominium•
Active
•505d on market•MLS# IG-25116604

Property Description

Newly opened & new construction, Welcome to Riverwalk Village at Town Center, a single family detached condominium community by Richmond American Homes. This GATED neighborhood offers 4 unique floorplans, a Clubhouse, fitness room, pool and spa. This Northrop plan is our corner unit, 4 bedrooms/2.5 baths/2 car garage floorplan. High end finishes in this plan include: White kitchen cabinetry w/ Satin Nickel hardware, undercabinet lighting, full tile backsplash, quartz countertops, GE profile appliances including a professional vent hood and induction cooktop. Wood laminate flooring is located throughout the main floor along w/ carpeted hallways, stairs, bedrooms and tiled bathrooms and laundry room on 2nd floor. Primary walk in shower is fully tiled , 9 ft ceilings on 1 and 2nd floor, tons of recessed lighting and ceiling fan pre wires in great room and all bedrooms. Owners will enjoy a private covered patio. Estimated completion is April, 2025! Stop by today!

Features & Amenities

FeeBuilt 2025

Property Details

Land Type
Fee
Year Built
2025
Property Type
Residential
Property Subtype
Condominium
Parking Spaces
2
Garage Spaces
2
Heating
Forced Air
Cooling
Central Air, Zoned
View
None
Roof
Flat Tile
City
Menifee
Zip Code
92586
County
Riverside
Listed byRICHMOND AMERICAN HOMES, John Bayless

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$2,897.35
Principal & Interest
Loan Amount
$458,392
Total Interest
$584,654
Total Payment Over 30 Years
$1,043,046
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

Residential Tier · 5 active · 5 closed

29545 Monarch Road, Menifee, CA 92586

Menifee · Condominium

$573K
Residential Tier
Beds
4
Baths
3
Sqft
1,650
Lot
1,775 sqft
Year
2025
$/Sqft
$347
Pool: Yes✓
Spa: Yes✓
View: None✓
Garage: 2-car✓

Listed 5.4% above the median closed sale of $543,849. Closed comps sold at 102% of list — strong seller's market. Expect a longer timeline — comps averaged 241 days on market.

Price Position

Positioned above the market — commands a premium.

Premium
Subject listed at $573K· $347/sqft
Total list price
Closed comps
vs closed median $544K
+$29K (+5.4%)
Active comps
vs active median $569K
+$4K (+0.7%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $347
+$0 (+0.1%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
29533 Monarch RoadMenifee2025431,6501,733$349$575,49013291
29515 Vernal RoadMenifee2025331,4991,637$380$568,99012485
26914 Rubicon RoadMenifee2025331,4992,252$371$555,99012282
30470 CapetownMenifee2021331,5271,077$311$474,900181
29568 Monarch RoadMenifee2025431,7881,979$323$576,99062681
Total: 5 · Average3.43.01,592.61,735.6$346.8$550,472201
Median1,527$568,990

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
27306 Provincetown WayMenifee202209/21/2026331,6320$493,000$485,000$2970.989987
29557 Monarch RoadMenifee202509/25/2026331,4991,637$542,990$555,778$3711.0254186
26909 Rubicon RoadMenifee202509/21/2026331,4991,984$550,990$550,990$3681.005386
30456 HopetownMenifee202107/30/2026331,5270$478,000$476,000$3121.004984
29540 Monarch RoadMenifee202507/30/2026331,3911,612$499,990$543,849$3911.0946283
Total: 5 · Average3.03.01,509.61,744.333$522,323.4$522,323.4$347.8—240.8
Median1,499$543,849$543,849

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.