
Murrieta, California 92562
This Turnkey Senior Residence within the exclusive The Colony community is listed at $590,000, representing a market-aligned price for its Good Condition Rating and extensive upgrades relative to the $549,462 Fair Market Value. The interior boasts a renovated kitchen with granite-style countertops and modern laminate flooring, ensuring a move-in-ready experience. Featuring a single-story layout with high ceilings and a private covered patio, this home prioritizes accessibility and outdoor relaxation. It is a premier choice for Active Seniors or Retirees seeking a secure, amenity-rich lifestyle in the Murrieta School District.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 23898 Via Pamilla Subject | $590,000* List Price | 2 | 2 | 1,489 | $369 | - |
A 24003 Whistling Swan Sold | $600,000 | 3 | 2 | 1,420 | $423 | 0.3 mi |
B 23975 Via Pamilla Sold | $560,000 | 2 | 2 | 1,489 | $376 | 0.1 mi |
C 24165 Corte Valente Sold | $525,000 | 2 | 2 | 1,585 | $331 | 0.5 mi |
D 40247 Via Acuna Sold | $515,000 | 2 | 2 | 1,489 | $346 | 0.2 mi |
E 40465 Via Malagas Sold | $528,000 | 2 | 2 | 1,502 | $352 | 0.4 mi |
F 23893 Five Tribes Sold | $645,000 | 3 | 3 | 1,462 | $441 | 0.4 mi |
G 23890 Corte Cajan Active | $524,000 List Price | 2 | 2 | 1,489 | $352 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1997, this property is 27 years old, but it has clearly undergone significant updates that make it move-in ready. The kitchen features updated white cabinetry, granite-style countertops, and stainless steel appliances, which appear to have been renovated within the last 5-15 years. The flooring throughout the main living areas and bedrooms has been updated to modern laminate wood. Light fixtures, including the entryway chandelier and ceiling fans, are also updated. While not a brand-new renovation, these substantial updates, combined with the overall well-maintained appearance, align with the 'Good' condition criteria, indicating a home with minimal wear and tear and functional systems.
The property is located within 'The Colony', a guard-gated community, offering enhanced security, privacy, and exclusivity for residents.
Designed specifically for residents 55 and older, this home is situated in a community tailored to an active adult lifestyle, appealing to a niche market seeking tranquility and specific amenities.
As a 1-story home, it offers desirable accessibility and convenience, particularly appealing to the 55+ demographic by eliminating stairs.
The 55+ age restriction significantly narrows the potential buyer pool, which can impact market demand and the time it takes to sell.
A monthly association fee of $333 adds a substantial recurring cost to homeownership, which may deter some buyers.
The current list price of $590,000 is considerably higher than the estimated property value of $513,479.22, suggesting the property may be overpriced relative to market expectations.
Beautiful 1 story home in guard gated community of The Colony. This home is perfect for residents 55 and older. This spacious home offers grand living with high ceilings, direct access to the 2 car garage, inside laundry and lots of natural light. Front courtyard welcomes your visitors and private covered patio in the back yard!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 4.0 | 9% |
| Baths | 2.0 | 3.0 | 28% |
| Square foot | 1,489 | 2,417 | 13% |
| Lot Size | 5,663 | 7,840 | 26% |
| Price | $590.0K | $715.0K | 20% |
| Price per sq ft | $396 | $317 | 79% |
| Built year | 1997 | 1998 | 47% |
| HOA | $333.0 | $0 | 81% |
| Days on market | 371 | 186 | 95% |
Apr 16, 2025
$590,000
Initial Listing