24550 Camino Meridiana, Murrieta, California 92562, Murrieta, 92562 - 3 bed, 3 bath
24550 Camino Meridiana
Murrieta, California 92562
Property Price
SUMMARY
Analysis of 24550 Camino Meridiana, Murrieta, California 92562 reveals a Prime Investment Opportunity with a current list price of $699,000—significantly undercutting the $767,557 Fair Market Value by 8%. This valuation gap indicates a +$68,557 Instant Equity potential for buyers. 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 |
|---|---|---|---|---|---|---|
★ 24550 Camino Meridiana Subject | $699,000* List Price | 3 | 3 | 2,102 | $365 | - |
A 24395 Jacarte Sold | $656,500 | 3 | 3 | 1,716 | $383 | 0.7 mi |
B 26966 Mandelieu Dr. Sold | $695,000 | 4 | 3 | 2,209 | $315 | 0.9 mi |
C 24515 Westhaven Court Sold | $610,000 | 4 | 3 | 2,007 | $304 | 0.8 mi |
D 24412 Leafwood Drive Sold | $639,000 | 4 | 3 | 1,665 | $384 | 0.5 mi |
E 36307 Grimaud Court Sold | $705,000 | 4 | 3 | 2,052 | $344 | 0.8 mi |
F 24808 Half Dome Court Pending | $595,000 List Price | 4 | 3 | 1,853 | $321 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property is in move-in ready condition with several key updates that elevate it above its 1988 construction year. The kitchen has been modernized with stainless steel appliances and updated countertops, and the interior features contemporary hard-surface flooring and neutral paint throughout. Major systems are well-maintained, specifically noting a newer air-conditioning system and the addition of solar panels. While the architectural style and some bathroom fixtures reflect its original era, the home shows minimal wear and tear and requires no immediate renovation.
PROSSTRENGTHS & OPPORTUNITIES
- Private Backyard Oasis
The property features a sparkling pool and spa on a nearly 7,000 sq ft lot, providing a premium outdoor entertainment space that is rare at this price point.
- Exceptional Financial Value
With no HOA fees and a low tax rate, this home offers significant monthly savings compared to newer developments in the Murrieta area.
- Energy Efficiency Upgrades
The inclusion of a newer air-conditioning system and solar panels helps maintain low utility costs and ensures year-round comfort for the household.
CONSRISKS & DEFICIENCIES
- Solar Lease Assumption
The requirement for the buyer to assume the remaining solar lease may complicate the financing process or be a deterrent for those seeking owned equipment.
- Potential for Modernization
Built in 1988, the home's traditional layout and finishes may require additional capital investment for cosmetic updates to meet modern aesthetic preferences.
About 24550 Camino Meridiana
Welcome home to this inviting two-story traditional family home built in 1988, perfectly set on a nearly 7,000 sq ft lot with just over 2,100 sq ft of comfortable living space. With 4 bedrooms and 2.5 bathrooms, there’s room for everyone to spread out—and come together. The kitchen opens to the family room, making it the heart of the home—ideal for homework at the table, movie nights, and weekend gatherings. Enjoy a beautiful private dining room for family dinners and holidays, plus a separate living room that offers flexibility for play space, quiet time, or entertaining guests. Step outside to a backyard designed for making memories, featuring a sparkling pool and spa—perfect for summer fun and year-round relaxation. Energy-saving newer solar (buyer to assume remaining lease) helps keep utility costs low, while a newer air-conditioning system keeps everyone comfortable. Located near multiple parks, schools, shopping, and freeway access, with no HOA and low taxes, this home truly fits today’s busy family lifestyle. Homes like this don’t come around often—this one is ready for its next chapter.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1988
- Lot Size
- 6,970 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Murrieta Unified Schools
Avaxat Elementary School
Grades K-5 • 0.3 mi
Rail Ranch Elementary School
Grades K-5 • 0.6 mi
Antelope Hills Elementary School
Grades K-5 • 0.8 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 38% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,102 | 2,447 | 38% |
| Lot Size | 6,970 | 7,840 | 41% |
| Price | $699.0K | $715.0K | 44% |
| Price per sq ft | $333 | $316 | 58% |
| Built year | 1988 | 1997 | 17% |
| HOA | $0 | $0 | 50% |
| Days on market | 25 | 183 | 0% |
Pricing History
Listed for Sale
Feb 10, 2026
$699,000
Initial Listing
Sold
Mar 30, 2022
$675,000
Public Record
Sold
Apr 26, 2019
$416,000
Public Record
Sold
Aug 29, 2005
$429,000
Public Record
Sold
May 1, 1998
$165,500
Public Record