24771 Washington Avenue, Murrieta, California 92562, Murrieta, 92562 - 3 bed, 2 bath
ACTIVE$875,000$1,982/sqft
24771 Washington Avenue, Murrieta, California 92562
3Beds
2Baths
1,982Sqft
1,394Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Historic Charm & Modern Rehabilitation: Built in 1903, the property has been 'rehabbed to modern day expectations, leaving the charm and history intact,' offering a unique blend of character and contemporary functionality.
Top Cons:
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =1394, other record lot size in square feet = 6969.
Compared to the nearby listings
Price:$875.0K vs avg $715.0K (+$160,000)73%
Size:1,982 sqft vs avg 2,328 sqft34%
Price/sqft:$441 vs avg $32489%
More Insights
Built in 1903 (123 years old).
Condition: Despite being built in 1903, the property has been 'rehabbed to modern day expectations,' as stated in the description, and the images support this with visible updates. The interior features modern laminate/LVP flooring in key areas, fresh paint, and updated light fixtures. The kitchen, while having a somewhat utilitarian setup with stainless steel prep tables, includes a modern stainless steel range and a contemporary mosaic tile backsplash, suggesting recent updates. The overall condition appears move-in ready with no immediate renovations required. While specific details on major system upgrades (HVAC, plumbing, electrical) are not provided, the term 'rehabbed to modern day expectations' implies a significant overhaul beyond just cosmetics, likely falling within the 5-15 year renovation window for a 'Good' rating. The lack of bathroom images prevents a full assessment of that specific area, but the visible parts of the home are well-maintained and updated.
Year Built
1903
Close
-
List price
$875K
Original List price
$875K
Price/Sqft
$441
HOA
-
Days on market
-
Sold On
-
MLS number
IG25280236
Home ConditionGood
Features
Good View: Hills, Mountain(s)
Deck
ViewHills, Mountain(s)
About this home
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.
S
SCOTT FARNAM
Listing Agent
Condition Rating
Good
Despite being built in 1903, the property has been 'rehabbed to modern day expectations,' as stated in the description, and the images support this with visible updates. The interior features modern laminate/LVP flooring in key areas, fresh paint, and updated light fixtures. The kitchen, while having a somewhat utilitarian setup with stainless steel prep tables, includes a modern stainless steel range and a contemporary mosaic tile backsplash, suggesting recent updates. The overall condition appears move-in ready with no immediate renovations required. While specific details on major system upgrades (HVAC, plumbing, electrical) are not provided, the term 'rehabbed to modern day expectations' implies a significant overhaul beyond just cosmetics, likely falling within the 5-15 year renovation window for a 'Good' rating. The lack of bathroom images prevents a full assessment of that specific area, but the visible parts of the home are well-maintained and updated.
Pros & Cons
Pros
Historic Charm & Modern Rehabilitation: Built in 1903, the property has been 'rehabbed to modern day expectations, leaving the charm and history intact,' offering a unique blend of character and contemporary functionality.
Substantial & Flexible Lot: The 13,940 square foot lot, composed of two separate APNs, provides significant potential for expansion, subdivision, or diverse future uses.
Prime Downtown Location: Located in 'Historical Downtown Murrieta,' the property benefits from a desirable, character-rich neighborhood with potential for walkability and local amenities.
Valuable Outbuilding & Security: A large, fenced 30x50 metal storage/shop offers substantial utility, storage, or potential for a dedicated workspace, enhancing property value and functionality.
Scenic Views & Outdoor Living: The property features '2 balconies' and offers 'Hills, Mountain(s)' views, providing appealing outdoor spaces and enhancing the overall living experience.
Cons
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =1394, other record lot size in square feet = 6969.
Low Available Lot Utilization: The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 1394, living area = 1982.
Zoning/Use Uncertainty: The listing explicitly states 'Buyers to perform their own due diligence regarding intended use with City of Murrieta,' indicating potential complexities or restrictions for specific commercial or mixed-use plans.
Age-Related Maintenance: As a 1903-built property, despite rehabilitation, it may still require specialized maintenance or present unforeseen issues typical of historic homes.
Undisclosed System Upgrades: While 'rehabbed,' the description lacks specific details on major system updates (e.g., HVAC, plumbing, electrical), which could lead to unknown future expenses for a property of this age.