24771 Washington Avenue, Murrieta, California 92562, Murrieta, 92562 - 3 bed, 2 bath

24771 Washington Avenue, Murrieta, California 92562 home-pic-0
ACTIVE$875,000
24771 Washington Avenue, Murrieta, California 92562
3Beds
2Baths
1,982Sqft
1,394Lot
Year Built
1903
Close
-
List price
$875K
Original List price
$1.2M
Price/Sqft
$441
HOA
-
Days on market
-
Sold On
-
MLS number
IG24248761
Home ConditionGood
Features
Good View: Hills, Mountain(s)
Deck
ViewHills, Mountain(s)

About this home

We found 3 Cons,5 Pros. Rank: price - $875.0K(74th), sqft - 1982(36th), beds - 3(45th), baths - 2(29th).

OPPORTUNITY IS KNOCKING: You must see to experience and realize the possibilities. Gorgeous property situated in Historical Downtown Murrieta; the opportunities are only limited by your imagination. Built in 1903, this home has been rehabbed to modern day expectations, leaving the charm and history intact. 2 separate apn’s make up the 13,940 square foot lot size. The building is 1982 Square Feet, 3 rooms upstairs, 2 balconies, downstairs has several separate entertaining rooms, kitchen, bath dining, plus, plus, plus. The property has a metal storage/shop approx. 30X50 and completely fenced. What a venue. Buyers to perform their own due diligence regarding intended use with City of Murrieta.

Price History

Date
Event
Price
09/09/25
Price Change
$875,000-20.5%
08/01/25
$1,100,000
12/12/24
$1,200,000
Condition Rating
Good

Built in 1903, this historic property has been extensively 'rehabbed to modern day expectations' as stated in the description, and the images confirm significant updates. The kitchen features modern stainless steel appliances (range), white shaker-style base cabinets, clean countertops, and a contemporary mosaic tile backsplash, making it functional and updated. The bathrooms are also clearly renovated with modern vanities, fixtures, and subway tile showers. Flooring is a mix of well-preserved original wide plank wood, newer wood-look laminate, patterned tile, and carpet upstairs, all appearing in good condition. While the property retains its historic charm and some original elements, the key areas have been brought up to modern standards, making it move-in ready with no immediate renovations required. This aligns well with the 'Good' category, indicating a well-maintained property with updated components, even if not a full, brand-new construction.
Pros & Cons

Pros

Historic Character & Modernization: A unique 1903 build that has been thoughtfully rehabbed, blending historical charm with modern functionality.
Strategic Downtown Location: Positioned in Historical Downtown Murrieta, offering excellent visibility and potential for diverse residential or commercial applications.
Substantial Lot with Development Potential: Comprising two separate APNs on a generous 13,940 sqft lot, providing significant flexibility for expansion, subdivision, or varied development.
Valuable Outbuilding & Secure Grounds: Includes a large 30x50 metal storage/shop and a fully fenced perimeter, enhancing utility for various needs from personal use to business operations.
Desirable Scenic Views: Benefits from appealing hills and mountain views, contributing to the property's overall desirability and aesthetic value.

Cons

Zoning & Permitting Uncertainty: The explicit requirement for buyer due diligence on 'intended use with City of Murrieta' suggests potential complexities or limitations regarding specific commercial or mixed-use ventures.
Significant Price History Adjustment: A notable price reduction from $1.2M to $875K may indicate initial overpricing, extended market time, or perceived challenges that have impacted buyer interest.
Potential for Unforeseen Costs (Age of Property): Despite rehabilitation, a 1903 structure may still harbor hidden maintenance needs or require further investment in systems not fully upgraded to contemporary standards.

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