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

24643 Leafwood Dr, Murrieta, California 92562 home-pic-0

24643 Leafwood Dr

Murrieta, California 92562

ACTIVE
CONDITION: GOOD
4Beds
3Baths
1,778Sq Ft
Lot Size

Property Price

LIST PRICE$619,999
EST. MARKET VALUE
$642,006
3% BelowMARKET VALUE

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

$642,006 +$22,007 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Murrieta.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
24643 Leafwood Dr
Subject
$619,999*
List Price
431,778$361-
A
39975 Windemere Court
Sold
$636,000431,828$3480.1 mi
B
24412 Leafwood Drive
Sold
$639,000431,665$3840.4 mi
C
40609 Symeron
Sold
$695,000431,997$3480.9 mi
D
24395 Jacarte
Sold
$656,500331,716$3830.8 mi
E
24484 Tuscola
Sold
$590,000331,577$3740.2 mi
F
24641 Lincoln Ave
Sold
$722,500421,794$4030.7 mi
G
39897 Verono Corte
Active
$569,000
List Price
431,778$3200.1 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Good
TeardownExcellent

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

6/10

Rail Ranch Elementary School

Grades K-5 • 0.8 mi

8/10

Antelope Hills Elementary School

Grades K-5 • 1.4 mi

7/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds4.04.0
50%
Baths3.03.0
50%
Square foot1,7782,447
23%
Lot Size-7,840
1%
Price$620.0K$715.0K
28%
Price per sq ft$349$316
64%
Built year19891997
29%
HOA$0$0
50%
Days on market60183
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

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