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24643 Leafwood Dr, Murrieta, California 92562, Murrieta, 92562 - 4 bed, 3 bath

24643 Leafwood Dr, Murrieta, California 92562 home-pic-0
ACTIVE$619,999$1,778/sqft
Est. Value: $631,973
1%
FairlyEstimate
24643 Leafwood Dr, Murrieta, California 92562
4Beds
3Baths
1,778Sqft
Lot

Price Vs. Estimate

The estimated value ($631,973.05) is $11,974.05 (1%) lower than the list price ($619,999). This property may be overpriced.

Key pros and cons

Top Pros:
Investment Potential & ADU/JADU Opportunity: The property offers significant investment potential with a proven rental history and a lot suitable for adding an Accessory Dwelling Unit (ADU) and Junior ADU (JADU), ideal for generating additional income or multi-generational living.
Top Cons:
Age of Property: Built in 1989, the home is 35 years old, which may imply that some systems or structural components could be nearing the end of their lifespan or require updates to meet modern standards.

Compared to the nearby listings

Price:$620.0K vs avg $715.0K ($-95,001)28%
Size:1,778 sqft vs avg 2,328 sqft27%
Price/sqft:$349 vs avg $32462%

More Insights

Built in 1989 (37 years old).
Condition: The property, built in 1989, is well-maintained and largely move-in ready. The kitchen has been significantly updated with modern white cabinets, solid surface countertops, white appliances, and contemporary light fixtures, suggesting a renovation within the last 5-15 years. While the bathrooms are clean and functional, the master bathroom's wood-toned vanity and mirror appear somewhat dated, and the other bathrooms are standard but not extensively modernized. Flooring consists of clean tile in main living areas and some bedrooms, and wood laminate in other bedrooms, with no visible carpets. Overall, the home presents a clean, functional, and appealing interior, with the kitchen being a strong highlight, making it a 'Good' condition property that doesn't require immediate major renovations.
Year Built
1989
Close
-
List price
$620K
Original List price
$620K
Price/Sqft
$349
HOA
-
Days on market
-
Sold On
-
MLS number
2600268SD
Home ConditionGood
Features
Good View: Mountain(s)
Patio
ViewMountain(s)

About this home

** Amazing Opportunity in the Heart of Murrieta ** Welcome to 24643 Leafwood Drive, a charming and versatile home offering the perfect blend of comfort, growth potential, and investment opportunity. Whether you’re a first-time homebuyer, a saavy investor, or searching for your next mid-term or short-term rental, this property checks every box — and then some! Murrieta continues to thrive as one of Southern California’s fastest-growing cities, with rising property values, a strong local economy, and steady population and job growth. This area has become a favorite among families and professionals alike, offering top-rated schools, nearby shopping, and easy freeway access for commuters. Investment Potential: This home already has a strong rental history and sits on a lot that provides a prime opportunity to add an ADU & JADU (Junior Accessory Dwelling Unit) — ideal for generating additional income or creating multi-generational living space. With Murrieta’s growing demand for quality rentals, your ROI potential here is exceptional. Key Highlights: -Proven rental performer with established income potential -Room to build a Additional Units for added value or passive income -Located in one of Murrieta’s most desirable, fast-appreciating neighborhoods -Ideal for a first home, investment property, or Airbnb/mid-term rental -Close to parks, schools, shopping, and freeway access Timing Is Everything: With interest rates trending lower, smart buyers are taking advantage before the next wave of competition hits the market. Lower rates will bring in high demand, inquire soon!

C
Christopher Burgos
Listing Agent

Nearby schools

6/10
Avaxat Elementary School
Public,•K-5•0.3mi
8/10
Rail Ranch Elementary School
Public,•K-5•0.8mi
7/10
Antelope Hills Elementary School
Public,•K-5•1.4mi
7/10
Tovashal Elementary School
Public,•K-5•1.4mi
6/10
E. Hale Curran Elementary School
Public,•K-5•1.5mi
4/10
Ronald Reagan Elementary School
Public,•K-6•3.7mi
5/10
Donald Graham Elementary School
Public,•K-6•4.5mi
7/10
Shivela Middle School
Public,•6-8•0.6mi
6/10
Thompson Middle School
Public,•6-8•2.5mi
3/10
David A. Brown Middle School
Public,•6-8•5.0mi
8/10
Murrieta Mesa High School
Public,•9-12•1.2mi
8/10
Murrieta Valley High School
Public,•9-12•2.4mi
5/10
Elsinore High School
Public,•9-12•6.2mi

Price History

Date
Event
Price
08/11/94
Sold
$136,500
07/22/22
Sold
$610,000
04/05/21
Sold
$485,000
07/06/18
Sold
$385,000
06/16/06
Sold
$410,000
Condition Rating
Good
The property, built in 1989, is well-maintained and largely move-in ready. The kitchen has been significantly updated with modern white cabinets, solid surface countertops, white appliances, and contemporary light fixtures, suggesting a renovation within the last 5-15 years. While the bathrooms are clean and functional, the master bathroom's wood-toned vanity and mirror appear somewhat dated, and the other bathrooms are standard but not extensively modernized. Flooring consists of clean tile in main living areas and some bedrooms, and wood laminate in other bedrooms, with no visible carpets. Overall, the home presents a clean, functional, and appealing interior, with the kitchen being a strong highlight, making it a 'Good' condition property that doesn't require immediate major renovations.
Pros & Cons

Pros

Investment Potential & ADU/JADU Opportunity: The property offers significant investment potential with a proven rental history and a lot suitable for adding an Accessory Dwelling Unit (ADU) and Junior ADU (JADU), ideal for generating additional income or multi-generational living.
Strong Market Growth & Appreciation: Located in Murrieta, one of Southern California's fastest-growing cities, the area boasts rising property values, a strong local economy, and steady population growth, indicating strong long-term appreciation potential.
Desirable Location & Amenities: The home is situated in a desirable neighborhood with close proximity to top-rated schools, shopping centers, parks, and easy freeway access, appealing to families and commuters alike.
Versatile Buyer Appeal: Marketed as ideal for first-time homebuyers, savvy investors, or as a mid-term/short-term rental (Airbnb), the property's versatility broadens its appeal to a wide range of potential buyers.
Mountain Views: The property offers desirable mountain views, enhancing its aesthetic appeal and potentially its market value.

Cons

Age of Property: Built in 1989, the home is 35 years old, which may imply that some systems or structural components could be nearing the end of their lifespan or require updates to meet modern standards.
Unspecified Interior Condition/Updates: The description focuses heavily on external potential and location but lacks details on recent interior renovations or modern upgrades, suggesting the main living spaces might be dated or require significant cosmetic updates.
Moderate Square Footage: At 1778 square feet for 4 bedrooms and 3 bathrooms, the living space might be considered modest for some families, potentially leading to less spacious rooms compared to newer constructions in the area.
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