23607 Gingerbread, Murrieta, California 92562, Murrieta, 92562 - 4 bed, 2 bath
23607 Gingerbread
Murrieta, California 92562
Property Price
SUMMARY
Analysis of 23607 Gingerbread, Murrieta, California 92562 reveals a property with a current list price of $699,999, which is 10% above the estimated $626,266 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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 |
|---|---|---|---|---|---|---|
★ 23607 Gingerbread Subject | $699,999* List Price | 4 | 2 | 1,798 | $348 | - |
A 39908 Candy Apple Way Sold | $645,000 | 4 | 3 | 2,052 | $314 | 0.1 mi |
B 40918 Bouvier Court Sold | $669,500 | 4 | 2 | 2,274 | $294 | 0.9 mi |
C 23640 Kettle Road Sold | $700,000 | 4 | 3 | 2,052 | $341 | 0.5 mi |
D 23794 Marin Court Sold | $684,850 | 4 | 3 | 2,066 | $331 | 0.3 mi |
E 40130 Colony Drive Sold | $599,000 | 3 | 2 | 1,764 | $340 | 0.6 mi |
F 23681 Corte Sabio Sold | $500,000 | 2 | 2 | 1,584 | $316 | 0.5 mi |
G 23832 Matador Way Active | $699,999 List Price | 4 | 3 | 1,783 | $393 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
The property, built in 1995, has received recent updates to the kitchen (new stainless-steel appliances, stylish island) and master bathroom (luxurious ensuite), which are positive and prevent it from being considered 'Poor'. However, the absence of a cooling system is a significant functional deficiency for a California home, requiring a substantial investment. Additionally, major systems like the roof, HVAC, and water heater are likely original or nearing the end of their expected lifespan, indicating potential significant future costs. While maintained and partially updated, these substantial functional and system-related needs prevent it from achieving a 'Good' rating, as it is not fully 'move-in ready with no immediate renovation required' in a comprehensive sense.
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 = 7405, living area = 1798.
- Single-Level Ranch Layout
The property offers a highly desirable single-level ranch layout, appealing to a wide range of buyers seeking accessibility and ease of living.
- Updated Kitchen
Features a large, open kitchen with new stainless-steel appliances and a stylish island, ideal for modern living and entertaining.
CONSRISKS & DEFICIENCIES
- Absence of Cooling System
The property description does not mention the presence of a cooling system (e.g., air conditioning), which could be a significant drawback in California's climate.
- Age of Major Systems
Built in 1995, major systems such as the roof, HVAC (if present), and water heater may be original or nearing the end of their expected lifespan, potentially requiring future investment.
- Average Lot Size
With a lot size of 7,405 sqft, while adequate, it is an average size that may not appeal to buyers seeking more expansive outdoor space or larger yards.
About 23607 Gingerbread
Don’t miss this incredible opportunity—this home is sure to sell quickly! Featuring 4 spacious bedrooms and 2 bathrooms, this single-level ranch offers a formal living and dining room, a welcoming family room with fireplace, and a large open kitchen complete with new stainless-steel appliances and a stylish island perfect for gatherings. The private master suite includes a walk-in closet and a luxurious ensuite with dual vanity, soaking tub, and separate shower. Secondary bedrooms are generously sized, ideal for family or guests. Act fast—this gem won’t last long. Come experience Gingerbread today!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1995
- Lot Size
- 7,405 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Murrieta Unified Schools
Tovashal Elementary School
Grades K-5 • 0.6 mi
E. Hale Curran Elementary School
Grades K-5 • 1.1 mi
Ronald Reagan Elementary School
Grades K-6 • 1.8 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 | 2.0 | 3.0 | 28% |
| Square foot | 1,798 | 2,447 | 24% |
| Lot Size | 7,405 | 7,840 | 49% |
| Price | $700.0K | $715.0K | 45% |
| Price per sq ft | $389 | $316 | 76% |
| Built year | 1995 | 1997 | 45% |
| HOA | $0 | $0 | 50% |
| Days on market | 80 | 183 | 8% |
Pricing History
Listed for Sale
Dec 17, 2025
$699,999
Initial Listing
Sold
Jul 20, 2017
$395,000
Public Record
Sold
Mar 10, 2003
$280,000
Public Record