23046 Joaquin Ridge Drive, Murrieta, California 92562, Murrieta, 92562 - 3 bed, 3 bath
23046 Joaquin Ridge Drive
Murrieta, California 92562
Property Price
SUMMARY
Analysis of 23046 Joaquin Ridge Drive, Murrieta, California 92562 reveals a Fairly Priced Property with a current list price of $609,000 aligned with the estimated $609,000 Fair Market Value. This represents a stable investment opportunity at market rate. 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 |
|---|---|---|---|---|---|---|
★ 23046 Joaquin Ridge Drive Subject | $609,000* List Price | 3 | 3 | 1,858 | $328 | - |
A 23260 Joaquin Ridge Drive Sold | $615,000 | 4 | 2 | 2,218 | $277 | 0.3 mi |
B 37763 Amber Lane Sold | $649,000 | 3 | 2 | 1,647 | $394 | 0.7 mi |
C 23674 Pepperleaf Street Sold | $715,000 | 3 | 3 | 2,180 | $328 | 0.8 mi |
D 23842 Scarlet Oak Drive Sold | $715,000 | 4 | 2 | 1,872 | $382 | 0.9 mi |
E 22952 Joaquin Ridge Drive Active | $599,999 List Price | 3 | 2 | 1,682 | $357 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property is in move-in ready, turn-key condition featuring recent cosmetic updates such as fresh interior paint and new carpeting throughout. While the kitchen and bathrooms retain some original 1988 elements like tile countertops and older white appliances, the home is exceptionally well-maintained, bright, and functional, meeting the criteria for a property that does not require immediate renovation.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Cole Canyon Elementary School (9/10).
- Turn-Key Condition
The property has been freshly updated with new paint and new carpet throughout, offering a move-in-ready experience that appeals to buyers looking to avoid immediate renovation costs.
- Highly-Rated School District
Situated in a prime location for families, the home is zoned for top-tier schools including Cole Canyon Elementary (Rating 9) and Murrieta Valley High School (Rating 8).
CONSRISKS & DEFICIENCIES
- Aging Major Systems
While the home features cosmetic updates, the 1988 construction suggests that original major systems like the roof or HVAC may be approaching the end of their functional lifespan.
- HOA Restrictions and Fees
Being part of the Vineyard Knolls HOA involves a monthly fee and community regulations, which may limit homeowner autonomy and increase the total monthly carrying cost.
About 23046 Joaquin Ridge Drive
Back on the market after buyers could not perform! Welcome to this bright and airy 3-bedroom, 3-bathroom home nestled in the desirable Vineyard Knolls HOA. Offering 1,858 sqft of living space, this residence has been freshly updated with new paint and new carpet, making it completely turn-key and ready for move-in. Step inside and enjoy the open, light-filled floor plan that flows seamlessly throughout the home. The spacious living areas create the perfect setting for both everyday living and entertaining.Outside, the backyard offers a covered patio surrounded by beautiful rose plantings, creating a peaceful space to relax or gather with friends. Located in Vineyard Knolls, this home is just minutes from shopping, dining, and convenient freeway access, making it ideal for commuters and those who enjoy easy access to amenities. This home is priced to sell and won’t last long—schedule your showing today!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1988
- Lot Size
- 5,227 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $103.0 / Month
Neighborhood Insights
Murrieta Unified Schools
Cole Canyon Elementary School
Grades K-5 • 0.7 mi
Donald Graham Elementary School
Grades K-6 • 2.1 mi
Murrieta Elementary School
Grades K-5 • 3.0 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 38% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,858 | 2,447 | 27% |
| Lot Size | 5,227 | 7,840 | 21% |
| Price | $609.0K | $715.0K | 24% |
| Price per sq ft | $328 | $316 | 54% |
| Built year | 1988 | 1997 | 17% |
| HOA | $103.0 | $0 | 66% |
| Days on market | 186 | 184 | 53% |
Pricing History
Listed for Sale
Sep 30, 2025
$609,000
$619,000
-2% Price Drop
Initial Listing
Price Change
Sep 2, 2025
$619,000
Initial Listing