24550 Adams Ave, Murrieta, California 92562, Murrieta, 92562 - 7 bed, 5 bath
24550 Adams Ave
Murrieta, California 92562
Property Price
SUMMARY
Analysis of 24550 Adams Ave, Murrieta, California 92562 is currently available with a list price of $1,875,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. 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.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
The property has undergone a comprehensive, high-end modern farmhouse renovation within the last five years, effectively bringing it to like-new condition. The main residence features a fully remodeled kitchen with a quartz island and farmhouse sink, updated bathrooms with contemporary tiling and fixtures, and high-quality wide-plank flooring throughout. Major systems have been modernized, including a new metal roof, updated HVAC, tankless water heater, and owned solar. The addition of a permitted secondary dwelling and a resort-style pool area further confirms the property meets the highest standards of quality with no deferred maintenance.
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 = 73180, living area = 3548.
- Dual-Residence Versatility
The property features a fully permitted 1,188 SF secondary dwelling with 3 bedrooms and 2 baths, offering exceptional potential for multi-generational living or significant rental income.
- Premium Outdoor Amenities
Situated on 1.68 usable acres, the estate includes a resort-style beach-entry pool with dual slides and a grotto, a detached workshop, and a mature fruit orchard, all without the restrictions of an HOA.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3548, other record living area = 2360. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 7, other record bedroom count = 4.
- Private Infrastructure Responsibility
Reliance on a private well and septic system requires ongoing owner maintenance and monitoring, which may be a concern for buyers accustomed to municipal utility services.
- Rural Location Trade-offs
While offering privacy and proximity to wine country, the property's rural setting and 'Out of Area' designation may result in longer commute times to major employment hubs and commercial centers.
About 24550 Adams Ave
Reduced 3/4/26 Sellers Motivated. Modern Gated Farmhouse Estate on 1.68 Acres | No HOA. Flexible outdoor space suitable for recreation, hoppy use, or future customization. Gated dual-residence property offering versatile living options on 1.68 usable acres. The fully remodeled 2,360 SF main home features 4 bedrooms and 2.5 baths, metal roof, updated HVAC, tankless water heater, whole-house filtration/softener system, and energy-efficient windows and sliders. The kitchen includes a quartz island, microwave drawer, farmhouse sink, and custom range hood. Large owned/financed solar system. Property includes an attached two-car garage, detached 30x16 garage/workshop, three storage sheds, and designated RV parking area. Resort-style backyard with beach-entry pool, swim jets, dual slides, waterfall/grotto feature, fire feature, pergola, BBQ hookup, and pool solar. Additional permitted 1,188 SF dwelling unit (3BR/2BA) with separate entry and kitchenette area, providing extended living space. Private well and septic. Fully fenced. Located near Temecula Wine Country. Additional Features • Utilities: Private well and septic keep costs remarkably low (approx. $20/mo for water!). • Landscaping: Mature orchard (Apple, Peach, Lemon, Apricot), raised garden beds, and premium vinyl fencing. Located close to Temecula Wine Country, top-rated schools, and riding trails. This income-generating gem offers luxury, privacy, and unmatched utility in one package!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1990
- Lot Size
- 73,180 Sq. Ft.
Interior
- Total Bedrooms
- 7
- Total Bathrooms
- 5 (5 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 7.0 | 4.0 | 99% |
| Baths | 5.0 | 3.0 | 91% |
| Square foot | 3,548 | 2,450 | 84% |
| Lot Size | 73,180 | 7,840 | 88% |
| Price | $1.88M | $715.0K | 96% |
| Price per sq ft | $528 | $316 | 98% |
| Built year | 1990 | 1997 | 34% |
| HOA | $0 | $0 | 50% |
| Days on market | 38 | 183 | 2% |
Pricing History
Listed for Sale
Mar 6, 2026
$1,875,000
$1,950,000
-4% Price Drop
Initial Listing
Price Change
Jan 28, 2026
$1,950,000
Initial Listing
Sold
Jun 26, 2020
$569,000
Public Record
Sold
May 18, 2010
$350,000
Public Record