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

23427 Fern Place, Murrieta, California 92562 home-pic-0

23427 Fern Place

Murrieta, California 92562

ACTIVE
CONDITION: GOOD
5Beds
4Baths
3,595Sq Ft
18,731Lot Size

Property Price

LIST PRICE$900,000
EST. MARKET VALUE
$1,033,028
12% BelowMARKET VALUE

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

$1,033,028 +$133,028 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Murrieta.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
23427 Fern Place
Subject
$900,000*
List Price
543,595$287-
A
23799 Brookside Court
Sold
$1,099,000643,459$3180.5 mi
B
23489 Brigin Place
Sold
$713,000443,179$2240.9 mi
C
23591 Madison Avenue
Sold
$650,000422,274$2860.4 mi
D
41550 Grand View Drive
Sold
$692,000432,232$3100.6 mi
E
41871 Dahlias
Pending
$790,000
List Price
543,595$2200.1 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Good
TeardownExcellent

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

9/10

Murrieta Elementary School

Grades K-5 • 2.1 mi

7/10

Donald Graham Elementary School

Grades K-6 • 2.1 mi

5/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds5.04.0
75%
Baths4.03.0
80%
Square foot3,5952,450
84%
Lot Size18,7317,840
83%
Price$900.0K$715.0K
76%
Price per sq ft$250$316
15%
Built year20021997
68%
HOA$0$0
50%
Days on market25183
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

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