23490 Karen Place, Murrieta, California 92562, Murrieta, 92562 - 6 bed, 4 bath
23490 Karen Place
Murrieta, California 92562
Property Price
SUMMARY
Analysis of 23490 Karen Place, Murrieta, California 92562 reveals a Prime Investment Opportunity with a current list price of $925,000—significantly undercutting the $982,862 Fair Market Value by 5%. This valuation gap indicates a +$57,862 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 |
|---|---|---|---|---|---|---|
★ 23490 Karen Place Subject | $925,000* List Price | 6 | 4 | 3,748 | $262 | - |
A 42206 Kimberly Sold | $870,000 | 6 | 4 | 3,738 | $233 | 0.2 mi |
B 37541 Windsor Court Sold | $955,000 | 5 | 4 | 3,441 | $278 | 0.4 mi |
C 23649 Sycamore Creek Avenue Sold | $929,000 | 5 | 5 | 3,720 | $250 | 0.3 mi |
D 23563 Kathryn Street Sold | $775,000 | 5 | 4 | 3,686 | $210 | 0.3 mi |
E 41793 Pioneer Street Sold | $810,000 | 7 | 4 | 3,459 | $234 | 0.6 mi |
F 23549 Bending Oak Court Sold | $870,000 | 5 | 3 | 3,165 | $275 | 0.5 mi |
G 23556 Kathryn Active | $975,000 List Price | 6 | 5 | 4,074 | $239 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
Built in 2004, this property is move-in ready and shows pride of ownership with minimal wear. The kitchen is updated with granite countertops and stainless steel appliances, and the flooring consists of well-maintained tile and carpet. While the home is 22 years old, the high-end outdoor amenities—including a resort-style pool, spa, and built-in BBQ—along with the clean interior finishes, place it firmly in the 'Good' category rather than 'Fair'.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Cole Canyon Elementary School (9/10).
- Exceptional Parking Utility
The property features rare, gated parking accommodations for two full-sized RVs or a boat, offering unparalleled utility for outdoor enthusiasts in a community without HOA restrictions.
- Financial Advantage
Located in the desirable Copper Canyon area, this home is a 'unicorn' find that combines low property taxes with no monthly HOA fees, providing significant long-term cost savings.
CONSRISKS & DEFICIENCIES
- High Lot Coverage
Due to the large 3,748-square-foot home footprint combined with the pool and extensive RV parking, there is very limited traditional yard or green space remaining on the 8,276-square-foot lot.
- Inconsistent School Ratings
While the elementary and high schools are top-rated, the assigned middle school has a significantly lower rating of 3, which may be a deterrent for families prioritizing academic consistency.
About 23490 Karen Place
Experience the ultimate blend of luxury and freedom in the highly coveted Copper Canyon community of Murrieta. This expansive 6-bedroom, 4-bathroom residence sits on a premier corner lot and is a rare "unicorn" find featuring low taxes and NO HOA. The interior is designed for scale and versatility, boasting a grand open-concept floor plan with a cozy fireplace, a massive upper-level loft, and a thoughtful layout perfect for multi-generational living or executive home offices. With six generous bedrooms, there is ample space for every need, all located just minutes from top-rated schools, scenic parks, and local trails. The outdoor space is a true showstopper, meticulously designed for the adventurer and the entertainer alike. This property offers unparalleled parking utility with dedicated space for two full-sized RVs or a large RV and a boat, all secured within a private, gated setup. The backyard transforms into a private resort, featuring a sparkling pool and spa alongside a premium built-in BBQ island perfect for summer hosting. Whether you are looking for a sanctuary to house your "toys" or a high-end estate for entertaining, this Copper Canyon gem offers the space and liberty you’ve been searching for.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2004
- Lot Size
- 8,276 Sq. Ft.
Interior
- Total Bedrooms
- 6
- 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 • 0.2 mi
Murrieta Elementary School
Grades K-5 • 2.1 mi
Donald Graham Elementary School
Grades K-6 • 2.4 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 4.0 | 95% |
| Baths | 4.0 | 3.0 | 80% |
| Square foot | 3,748 | 2,450 | 88% |
| Lot Size | 8,276 | 7,840 | 57% |
| Price | $925.0K | $715.0K | 76% |
| Price per sq ft | $247 | $316 | 10% |
| Built year | 2004 | 1997 | 81% |
| HOA | $0 | $0 | 50% |
| Days on market | 4 | 183 | 0% |
Pricing History
Listed for Sale
Mar 3, 2026
$925,000
Initial Listing
Sold
Aug 5, 2011
$385,000
Public Record
Sold
Sep 10, 2004
$614,000
Public Record
Sold
May 11, 2004
$474,000
Public Record