23898 Via Pamilla, Murrieta, California 92562, Murrieta, 92562 - 2 bed, 2 bath
23898 Via Pamilla
Murrieta, California 92562
Property Price
SUMMARY
Analysis of 23898 Via Pamilla, Murrieta, California 92562 reveals a property with a current list price of $590,000, which is 10% above the estimated $526,019 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. 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 |
|---|---|---|---|---|---|---|
★ 23898 Via Pamilla Subject | $590,000* List Price | 2 | 2 | 1,489 | $353 | - |
A 23975 Via Pamilla Sold | $560,000 | 2 | 2 | 1,489 | $376 | 0.1 mi |
B 24156 Corte Valente Sold | $548,000 | 2 | 2 | 1,489 | $368 | 0.5 mi |
C 23681 Corte Sabio Sold | $500,000 | 2 | 2 | 1,584 | $316 | 0.3 mi |
D 40050 Corte Fortuna Sold | $558,000 | 3 | 2 | 1,764 | $316 | 0.3 mi |
E 23811 Via Compadres Sold | $580,000 | 3 | 2 | 1,853 | $313 | 0.3 mi |
F 23753 Five Tribes Trail Sold | $595,000 | 3 | 3 | 1,462 | $407 | 0.5 mi |
G 40320 Via Calidad Active | $565,000 List Price | 2 | 2 | 1,489 | $379 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
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.
PROSSTRENGTHS & OPPORTUNITIES
- Guard Gated Community
The property is located within 'The Colony', a guard-gated community, offering enhanced security, privacy, and exclusivity for residents.
- 55+ Active Adult Community
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.
- Single-Story Layout
As a 1-story home, it offers desirable accessibility and convenience, particularly appealing to the 55+ demographic by eliminating stairs.
CONSRISKS & DEFICIENCIES
- Age-Restricted Community
The 55+ age restriction significantly narrows the potential buyer pool, which can impact market demand and the time it takes to sell.
- High Association Fee
A monthly association fee of $333 adds a substantial recurring cost to homeownership, which may deter some buyers.
- Potential Overpricing
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.
About 23898 Via Pamilla
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!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1997
- Lot Size
- 5,663 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $333.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 4.0 | 8% |
| Baths | 2.0 | 3.0 | 28% |
| Square foot | 1,489 | 2,447 | 12% |
| Lot Size | 5,663 | 7,840 | 24% |
| Price | $590.0K | $715.0K | 21% |
| Price per sq ft | $396 | $316 | 77% |
| Built year | 1997 | 1997 | 50% |
| HOA | $333.0 | $0 | 82% |
| Days on market | 325 | 184 | 94% |
Pricing History
Listed for Sale
Apr 16, 2025
$590,000
Initial Listing