23427 Fern Place, Murrieta, California 92562, Murrieta, 92562 - 5 bed, 4 bath

23427 Fern Place
Murrieta, California 92562
Property Price
SUMMARY
Analysis of 23427 Fern Place, Murrieta, California 92562 reveals a Prime Investment Opportunity with a current list price of $900,000—significantly undercutting the $1,033,028 Fair Market Value by 12%. This valuation gap indicates a +$133,028 Instant Equity potential for buyers. 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 |
|---|---|---|---|---|---|---|
★ 23427 Fern Place Subject | $900,000* List Price | 5 | 4 | 3,595 | $287 | - |
A 23799 Brookside Court Sold | $1,099,000 | 6 | 4 | 3,459 | $318 | 0.5 mi |
B 23489 Brigin Place Sold | $713,000 | 4 | 4 | 3,179 | $224 | 0.9 mi |
C 23591 Madison Avenue Sold | $650,000 | 4 | 2 | 2,274 | $286 | 0.4 mi |
D 41550 Grand View Drive Sold | $692,000 | 4 | 3 | 2,232 | $310 | 0.6 mi |
E 41871 Dahlias Pending | $790,000 List Price | 5 | 4 | 3,595 | $220 | 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 move-in ready and shows pride of ownership with high maintenance standards. Although built in 2002, it features several key updates including newer stainless steel kitchen appliances, a double oven, and epoxy garage flooring. The kitchen and bathrooms feature durable granite countertops and dark wood cabinetry that, while stylistically consistent with the early 2000s, appear to be in excellent condition. The exterior is a significant strength, featuring a well-maintained pool, spa, and built-in outdoor kitchen, suggesting the major systems are functional and well-cared for.
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 = 18731, living area = 3595.
- Great Schools
Elementary School: Cole Canyon Elementary School (9/10).
- Outdoor Entertainment Oasis
The expansive 18,731 sqft cul-de-sac lot features a premium backyard with a pool, spa, built-in BBQ, and multiple fire features, offering an exceptional space for private relaxation and large-scale entertaining.
CONSRISKS & DEFICIENCIES
- Dated Interior Aesthetics
Built in 2002, the home features dark wood cabinetry and granite finishes that, while well-maintained, may feel dated to modern buyers looking for contemporary 'light and airy' design trends.
- Inconsistent School Ratings
While the elementary and high schools are top-rated, the assigned middle school carries a significantly lower rating (3/10), which could be a concern for families with children in that specific age bracket.
About 23427 Fern Place
A charming front patio and welcoming courtyard lead into this beautifully maintained 5-bedroom, 3.5-bath home with scenic West Side hillside views, tucked away on a spacious end-of-cul-de-sac lot. The backyard is designed for effortless entertaining, featuring a sparkling pool and spa, built-in fireplace, fire pit, outdoor barbecue area, and a covered patio just off the main living space, along with a large concrete side yard ideal for garden planters. Inside, warm neutral finishes create a comfortable, timeless atmosphere. The generous eat-in kitchen offers dark wood cabinetry, granite countertops, and newer stainless steel appliances, including a double oven, and opens to a spacious family room centered around a granite fireplace with mantle. A downstairs bedroom with a full bath offers the flexibility of a possible Next Gen or multigenerational suite, ideal for guests or extended family. Upstairs, the expansive primary suite is a true retreat, complete with double-door entry, a well-appointed bathroom with dual sinks, granite counters, a separate tub and shower, and a walk-in closet. The finished garage features epoxy flooring, and the private backyard offers plenty of space to relax poolside or gather around the fire pit. Conveniently located near parks, hiking and biking trails, with easy access to major freeways.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2002
- Lot Size
- 18,731 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Murrieta Unified Schools
Cole Canyon Elementary School
Grades K-5 • 0.8 mi
Murrieta Elementary School
Grades K-5 • 2.1 mi
Donald Graham Elementary School
Grades K-6 • 2.1 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 75% |
| Baths | 4.0 | 3.0 | 80% |
| Square foot | 3,595 | 2,450 | 84% |
| Lot Size | 18,731 | 7,840 | 83% |
| Price | $900.0K | $715.0K | 76% |
| Price per sq ft | $250 | $316 | 15% |
| Built year | 2002 | 1997 | 68% |
| HOA | $0 | $0 | 50% |
| Days on market | 25 | 183 | 0% |
Pricing History
Listed for Sale
Feb 10, 2026
$900,000
Initial Listing
Sold
Feb 24, 2020
$600,000
Public Record
Sold
May 15, 2019
$675,000
Public Record
Sold
Jun 13, 2011
$415,000
Public Record
Sold
Jun 23, 2004
$626,000
Public Record
Sold
Oct 25, 2002
$379,000
Public Record










































