
Murrieta, California 92562
This Turnkey Single Family Residence is a Strong Value Opportunity, listed at $488,000—positioned well below the $486,495 Fair Market Value by a negligible margin, reflecting a stable, fair-market entry. Featuring a Condition Rating of 2, the home offers a remodeled granite kitchen, updated wood-look flooring, and a private fenced backyard. Residents enjoy resort-style amenities within The Colony, a premier 55+ community. This property provides a low-maintenance lifestyle, making it an ideal acquisition for active retirees or downsizing owner-occupants seeking a move-in ready sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 23800 Corte Picante Subject | $488,000* List Price | 2 | 2 | 947 | $514 | - |
A 40632 Corte Albara Sold | $475,000 | 2 | 2 | 1,071 | $444 | 0.0 mi |
B 40609 Corte Albara Sold | $450,000 | 2 | 2 | 1,071 | $420 | 0.1 mi |
C 41183 Primula Sold | $525,000 | 2 | 2 | 885 | $593 | 0.6 mi |
D 40624 Corte Albara Sold | $489,900 | 2 | 2 | 1,085 | $452 | 0.0 mi |
E 23891 Via Astuto Sold | $488,000 | 2 | 2 | 1,154 | $423 | 0.6 mi |
F 40640 Via Malagas Sold | $495,000 | 2 | 2 | 1,274 | $389 | 0.4 mi |
G 23796 Corte Picante Sold | $510,000 | 3 | 2 | 1,263 | $404 | 0.0 mi |
H 23868 Via Barletta Sold | $480,000 | 3 | 2 | 1,243 | $386 | 0.6 mi |
I 40672 Corte Albara Pending | $472,999 List Price | 2 | 2 | 947 | $499 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1998, the property has undergone significant recent renovations including a remodeled kitchen with granite countertops and newer appliances, updated bathrooms with a custom walk-in shower, and new wood-look flooring. Key systems are well-maintained with the HVAC replaced within the last 5 years and a certified roof, meeting the criteria for a high-quality renovation.
The property features significant interior updates including a remodeled kitchen with granite countertops, updated wood-look flooring, and a primary bath with a custom walk-in shower, complemented by a newer HVAC system.
Located in the gated 55+ community of The Colony, residents benefit from resort-style living with access to an SCGA executive golf course, clubhouse, pool, and various sports courts.
The home includes a rare fully fenced backyard and a covered patio, offering a level of privacy and outdoor functionality that is uncommon for many residences within this community.
With only 947 square feet of living space, the home's compact footprint may feel restrictive for buyers transitioning from larger properties or those requiring substantial storage.
The single-car garage layout limits parking options for multi-vehicle households and reduces the available space for a workshop or additional storage compared to standard two-car garages.
Move-in ready and priced to sell at just $488,000, this thoughtfully updated home offers one of the best values in The Colony at California Oaks—Murrieta's premier gated 55+ community. Combining modern updates, low-maintenance living, and resort-style amenities, this is an exceptional opportunity to enjoy the Southern California lifestyle at an increasingly hard-to-find price point. Inside, vaulted ceilings and abundant natural light create an open, welcoming floor plan enhanced by updated wood-look flooring and a cozy fireplace. The remodeled kitchen features white cabinetry, granite countertops, modern fixtures, newer appliances, and generous workspace, making it equally suited for everyday living and entertaining. The spacious primary suite includes an updated en-suite bath with a custom walk-in shower, while the secondary bedroom offers flexibility for guests, a home office, or hobbies. A convenient half bath adds functionality for visitors. A standout feature is the rare fully fenced backyard, providing privacy that is difficult to find within the community. The covered patio creates the perfect place to enjoy morning coffee, outdoor dining, or Murrieta's beautiful year-round weather. The efficient single-car garage layout offers easy, low-maintenance ownership. Additional improvements include an HVAC system replaced within the past five years and a roof certification, providing added peace of mind. Residents of The Colony enjoy an exceptional lifestyle with a resort-style clubhouse, pool and spa, fitness center, pickleball and tennis courts, an SCGA executive golf course, scenic walking paths, and a vibrant calendar of clubs, activities, and social events. Conveniently located near shopping, dining, medical facilities, and freeway access.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 1.1 mi
Grades K-5 • 1.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 4.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 947 | 2,570 |
| Lot Size | 4,356 | 7,405 |
| Price | $488.0K | $717.1K |
| Price per sq ft | $515 | $305 |
| Built year | 1998 | 2001 |
| HOA | $350.0 | $180 |
| Days on market | 6 | 61 |
Jul 16, 2026
$488,000
Initial Listing
Mar 1, 2022
$470,000
Public Record
Oct 22, 2020
$350,000
Public Record
Sep 9, 2020
$300,000
Public Record
Apr 9, 2015
$225,000
Public Record
Oct 29, 2002
$180,000
Public Record
Sep 21, 2000
$136,500
Public Record