24909 Madison 124, Murrieta, California 92562, Murrieta, 92562 - 2 bed, 2 bath
24909 Madison 124
Murrieta, California 92562
Property Price
SUMMARY
Analysis of 24909 Madison 124, Murrieta, California 92562 is currently available with a list price of $384,900. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
The property, built in 2002, is well-maintained and move-in ready but retains its original builder-grade finishes. The kitchen features dated white appliances and tile countertops, while the bathrooms and light fixtures reflect the styles of the early 2000s. Since the home is over 20 years old and lacks significant modern renovations or updated systems, it meets the criteria for the 'fair' condition score.
PROSSTRENGTHS & OPPORTUNITIES
- Functional Open Layout
The 1,159 sq ft floor plan features a seamless flow between the kitchen and living areas, complemented by a dedicated laundry room and a spacious primary walk-in closet for modern convenience.
- Prime Location & Schools
Ideally situated near Madison Avenue, the property offers quick access to shopping, dining, and commuter routes, while being zoned for high-rated schools including Murrieta Valley High.
- Community Amenities & Storage
Residents benefit from a private balcony, a single-car garage for secure parking or storage, and access to a community pool and well-maintained common areas.
CONSRISKS & DEFICIENCIES
- Limited Parking Capacity
With only a single-car garage provided for a two-bedroom unit, households with multiple drivers may find parking for secondary vehicles or guests to be a challenge.
- Recurring HOA Expenses
The monthly association fee of $317 represents a significant fixed carrying cost that buyers must integrate into their long-term monthly budget.
About 24909 Madison 124
Welcome to this 2-bedroom, 2-bath condominium offering 1,159 sq ft of comfortable living space in the Madison Park community of Murrieta. Featuring a functional open floor plan, this home provides an easy, low-maintenance lifestyle. The kitchen is generously sized with plenty of counter space and flows seamlessly into the main living area, creating a practical layout for everyday living. The home also includes a dedicated laundry room for added convenience. The primary bedroom offers a spacious walk-in closet, and the layout includes two full bathrooms. A nicely sized private balcony provides the perfect spot to relax and unwind. Features single car garage adds for storage or parking. Residents of Madison Park enjoy access to the community pool and common areas. Located less than five minutes from Madison Avenue, the home offers proximity to shopping, dining, and entertainment, along with convenient access to nearby commuter routes.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 2002
- Lot Size
- -
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $317.0 / Month
Neighborhood Insights
Murrieta Unified Schools
Murrieta Elementary School
Grades K-5 • 0.5 mi
Thompson Middle School
Grades 6-8 • 1.5 mi
Murrieta Valley High School
Grades 9-12 • 1.6 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 48% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,159 | 1,235 | 23% |
| Lot Size | - | - | 50% |
| Price | $384.9K | $462.5K | 13% |
| Price per sq ft | $332 | $336 | 39% |
| Built year | 2002 | 2005 | 16% |
| HOA | $317.0 | $335 | 45% |
| Days on market | 8 | 161 | 3% |
Pricing History
Listed for Sale
Feb 27, 2026
$384,900
Initial Listing
Sold
Apr 9, 2009
$80,000
Public Record
Sold
Jul 22, 2005
$288,000
Public Record