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29545 Monarch Road, Menifee, CA 92586

$573K4bd · 3ba · 1,650 sqft
Lot 1,775 sqft•HOA $260/mo•Condominium•
Active
•526d 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 · 4 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: No✓
Spa: No✓
View: None✓
Garage: 2-car✓

Listed 4.4% above the median closed sale of $548,990. Closed comps sold at 103% of list — strong seller's market. Expect a longer timeline — comps averaged 283 days on market.

Price Position

Aligned with the market — fair pricing for the comps.

At market
Subject listed at $573K· $347/sqft
Total list price
Closed comps
vs closed median $549K
+$24K (+4.4%)
Active comps
vs active median $575K
−$3K (−0.4%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $356
−$9 (−2.5%)

Active Properties (4)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
29533 Monarch RoadMenifee2025431,6501,733$349$575,49015498
29515 Vernal RoadMenifee2025331,4991,637$380$568,99014693
26914 Rubicon RoadMenifee2025331,4992,252$371$555,99014491
29568 Monarch RoadMenifee2025431,7881,979$323$576,99064888
Total: 4 · Average3.53.01,6091,900.25$355.75$569,365273
Median1,650$575,490

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
29580 Monarch RoadMenifee202511/10/2025431,6501,740$553,990$548,990$3330.9929295
29557 Monarch RoadMenifee202509/23/2026331,4991,637$542,990$555,778$3711.0254095
29540 Monarch RoadMenifee202507/30/2026331,3911,612$499,990$543,849$3911.0946392
30444 Hopetown LnMenifee202006/26/2026331,4671,467$499,900$515,000$3511.036580
26909 Rubicon RoadMenifee202509/23/2026331,4991,984$550,990$550,990$3681.005673
Total: 5 · Average3.23.01,501.21,688$542,921.4$542,921.4$362.8—283.2
Median1,499$548,990$548,990

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.