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

24643 Leafwood Dr
Murrieta, California 92562
Property Price
SUMMARY
Analysis of 24643 Leafwood Dr, Murrieta, California 92562 reveals a Prime Investment Opportunity with a current list price of $619,999—significantly undercutting the $642,006 Fair Market Value by 3%. This valuation gap indicates a +$22,007 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 |
|---|---|---|---|---|---|---|
★ 24643 Leafwood Dr Subject | $619,999* List Price | 4 | 3 | 1,778 | $361 | - |
A 39975 Windemere Court Sold | $636,000 | 4 | 3 | 1,828 | $348 | 0.1 mi |
B 24412 Leafwood Drive Sold | $639,000 | 4 | 3 | 1,665 | $384 | 0.4 mi |
C 40609 Symeron Sold | $695,000 | 4 | 3 | 1,997 | $348 | 0.9 mi |
D 24395 Jacarte Sold | $656,500 | 3 | 3 | 1,716 | $383 | 0.8 mi |
E 24484 Tuscola Sold | $590,000 | 3 | 3 | 1,577 | $374 | 0.2 mi |
F 24641 Lincoln Ave Sold | $722,500 | 4 | 2 | 1,794 | $403 | 0.7 mi |
G 39897 Verono Corte Active | $569,000 List Price | 4 | 3 | 1,778 | $320 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
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.
PROSSTRENGTHS & OPPORTUNITIES
- 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.
CONSRISKS & DEFICIENCIES
- 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.
About 24643 Leafwood Dr
** 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!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1989
- Lot Size
- -
Interior
- Total Bedrooms
- 4
- 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 • 0.8 mi
Antelope Hills Elementary School
Grades K-5 • 1.4 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,778 | 2,447 | 23% |
| Lot Size | - | 7,840 | 1% |
| Price | $620.0K | $715.0K | 28% |
| Price per sq ft | $349 | $316 | 64% |
| Built year | 1989 | 1997 | 29% |
| HOA | $0 | $0 | 50% |
| Days on market | 60 | 183 | 6% |
Pricing History
Listed for Sale
Jan 6, 2026
$619,999
Initial Listing
Sold
Jul 22, 2022
$610,000
Public Record
Sold
Apr 5, 2021
$485,000
Public Record
Sold
Jul 6, 2018
$385,000
Public Record
Sold
Jun 16, 2006
$410,000
Public Record
Sold
Aug 11, 1994
$136,500
Public Record




























