21977 Paseo Chico, Murrieta, California 92562, Murrieta, 92562 - 4 bed, 4 bath
21977 Paseo Chico
Murrieta, California 92562
Property Price
SUMMARY
Analysis of 21977 Paseo Chico, Murrieta, California 92562 reveals a property with a current list price of $1,850,000, which is 8% above the estimated $1,704,784 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Murrieta Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 21977 Paseo Chico Subject | $1,850,000* List Price | 4 | 4 | 3,492 | $488 | - |
A 21855 The Trails Circle Sold | $1,920,000 | 4 | 4 | 3,943 | $487 | 0.7 mi |
B 40055 Valle Vista Active | $1,849,000 List Price | 4 | 4 | 3,200 | $578 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
Built in 2005, this custom estate is 19 years old, placing it within the 'Good' category's age range. The property is move-in ready with high-end finishes and premium appliances (Viking, KitchenAid) in the gourmet kitchen, and a spa-like primary bathroom. All systems appear well-maintained with minimal wear and tear, and there are no immediate renovation needs. While the style is classic and well-preserved, it reflects its original build era rather than a recent, full renovation that would qualify it as 'Excellent'.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 254826, living area = 3492.
- Great Schools
Elementary School: San Onofre Elementary School (9/10). Middle School: Mary Fay Pendleton Elementary School (9/10).
- Expansive & Usable Land
Set on 5.85 acres of mostly flat, usable land, offering significant privacy and potential for various uses.
CONSRISKS & DEFICIENCIES
- High Association Fee
The property has an annual association fee of $1051.0, which adds to the ongoing cost of ownership.
- Extensive Land Maintenance
The large 5.85-acre lot, while a significant asset, will require considerable ongoing landscaping and property maintenance, potentially incurring substantial time and cost.
- Absence of Dedicated Pool/Spa
For a luxury estate of this size and caliber in Southern California, the property lacks a built-in swimming pool or dedicated outdoor spa area, which may be a desired amenity for some buyers and could require future investment.
About 21977 Paseo Chico
Set on 5.85 acres of mostly flat, usable land, this perfect single story, 3,492 square foot custom estate offers 4 bedrooms and 3.5 bathrooms, located close to the entrance of La Cresta. The automatic gate opens to over 7,000 square feet of custom reinforced concrete—perfect for RVs, large vehicles, or ample guest parking. Inside, you’ll find 10-foot ceilings, 8-foot solid mahogany doors, and 18-inch travertine flooring. The gourmet kitchen is designed for both everyday living and entertaining, with cherry cabinetry, a spacious island with prep sink, wine refrigerator, and premium appliances including a Viking cooktop, KitchenAid double convection ovens, built-in refrigerator, and dishwasher. Formal living and dining room areas feature walnut floors and coffered ceilings with ambient lighting. The primary suite offers a spa-like walk-in shower, jetted soaking tub, dual closets, and elegant finishes. Spend time in the 1,130-square-foot 3 car garage that includes a workbench, attic access, unique ceiling fan, and a 30-foot depth to easily accommodate large trucks. Outdoors, enjoy a built-in Kitchenaid BBQ, fire pit with ambient lighting, terraced landscaping, and a covered patio perfect for year-round gatherings. A 22kW Generac generator provides automatic backup power for peace of mind. 21977 Paseo Chico delivers the best of country living in the prestigious community, La Cresta, with quick access to wineries, restaurants, and shops.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2005
- Lot Size
- 254,826 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $1051.0 / Month
Neighborhood Insights
Murrieta Unified Schools
Cole Canyon Elementary School
Grades K-5 • 2.3 mi
Wildomar Elementary School
Grades K-5 • 3.5 mi
Maie Ellis Elementary
Grades K-6 • 12.0 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 4.0 | 3.0 | 80% |
| Square foot | 3,492 | 2,450 | 83% |
| Lot Size | 254,826 | 7,840 | 97% |
| Price | $1.85M | $715.0K | 96% |
| Price per sq ft | $530 | $316 | 98% |
| Built year | 2005 | 1997 | 89% |
| HOA | $1051.0 | $0 | 100% |
| Days on market | 170 | 183 | 44% |
Pricing History
Listed for Sale
Sep 18, 2025
$1,850,000
Initial Listing