0 Bundy Canyon Road Menifee, CA
$ 398,000
Property Attributes
  • MLS#IV21017238
  • TypeLand
  • CityMenifee
  • AreaSouthwest Riverside County
  • Zip92584
  • Style
  • Price$ 398,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size5 Acres
Listing Provided Courtesy Of:
Data Source:
California Regional MLS (CRMLS) - 25 - CA
Property Description

WOW !!... The owner of this beautiful 5 acre building site at the corner of the busy Bundy Canyon Road and Cottonwood Canyon Road is "very motivated" to sell. This 5 acres is 100% usable on the north side opposite 25099 Bundy Canyon Road.... The owner of this nearly level building site is processing a tentative tract map for dividing it into building sites over 1 acre each (see map). Now priced at just $398,000 "as is"..... When the the tract map for four 1+ acre lots is completed, the price will go up dramatically to $598,000 or $150,000 per lot.... The adjacent rolling 5 acres on a dirt road is now priced "as is" at $425,000... Buy now and start to build one estate immediately and complete the new subdivision for 3 addition lots later if you chose. You may get a price discount if you purchase the 5 acres now "as is" for cash... On this 5 acre parcel (or each lot) you can build up to 3 houses. Any size main house, a guest house up to 1200 square feet and even a separate "casita" up to 600 square feet..... This is a peaceful rural setting but only about 6 minutes to the 215 Freeway to the east and only 7 minutes to the west is the 15 Freeway at the beautiful Lake Elsinore.... US Bank will finance the sale of a unimproved land with 25% down payment. Then the bank will provide the construction loan with little or no additional cash. That construction loan locks in the the permanent home loan when the custom home is completed..... Must see to appreciate !!!

Price History
1/27/2021 Listed $398,000
2/20/2021 26% - $298,000

General Features

Community Features Rural
Electric Electricity - On Property
Listing Agent PAT O'BRIEN - BRE#00484418
Listing Agent State License 00484418
MLS Area SRCAR - Southwest Riverside County
Property Type Land
Special Listing Conditions Standard
Status Active
Terms Cash to New Loan, Conventional, Submit
Utilities Electricity Available, Propane, Phone Available, Sewer Not Available, Water Available, Overhead Utilities
View Meadow
Zoning R-R-1

Exterior Features

Fencing Average Condition, Chain Link
Horse Y/N Yes
Lot Features 0-1 Unit/Acre, Corner Lot, Corners Marked, Gentle Sloping, Horse Property, Lot Over 40000 Sqft, Rectangular Lot, Value In Land, Mineral Rights
Lot Size Acres 5
Lot Size Area 217800
Lot Size Source Assessor
Lot Size Square Feet 217800
Lot Size Units Square Feet
View Y/N Yes
Water Source Agricultural Well


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Land Average in 92584

AVG $600K
AVG 132

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