24909 Madison 124, Murrieta, California 92562, Murrieta, 92562 - 2 bed, 2 bath
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Murrieta, California 92562
This Well-Maintained Madison Park Condominium is listed at $374,900, offering a market-validated residential asset near the $334,856 Fair Market Value. The property boasts a functional open layout, private balcony, and a Fair Condition Rating, providing a move-in ready environment with potential for future cosmetic personalization. Situated in a prime location, it grants access to top-rated schools like Murrieta Valley High, a single-car garage, and a resort-style community pool. This home is perfectly suited for first-time buyers or Owner-Occupants prioritizing lifestyle convenience and long-term school district stability.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 24909 Madison 124 Subject | $374,900* List Price | 2 | 2 | 1,159 | $289 | - |
A 41410 Juniper Street 2723 Sold | $386,000 | 2 | 2 | 1,159 | $333 | 0.2 mi |
B 24909 Madison Avenue #2224 2224 Sold | $385,000 | 2 | 2 | 1,159 | $332 | 0.1 mi |
C 24909 Madison Avenue 2013 Sold | $400,000 | 3 | 2 | 1,232 | $325 | 0.1 mi |
D 41410 Juniper Street 121 Sold | $366,000 | 3 | 2 | 1,235 | $296 | 0.2 mi |
E 41410 Juniper Street 1121 Sold | $395,000 | 2 | 2 | 1,235 | $320 | 0.2 mi |
F 41688 Timberwood Sold | $462,500 | 2 | 3 | 1,163 | $398 | 0.6 mi |
G 41410 Juniper Active | $399,999 List Price | 2 | 2 | 1,159 | $345 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
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.
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.
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.
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.
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.
The monthly association fee of $317 represents a significant fixed carrying cost that buyers must integrate into their long-term monthly budget.
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.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades 6-8 • 1.5 mi
Grades 9-12 • 1.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 46% |
| Baths | 2.0 | 3.0 | 46% |
| Square foot | 1,159 | 1,428 | 16% |
| Lot Size | - | 0.01 | 49% |
| Price | $374.9K | $475.0K | 5% |
| Price per sq ft | $323 | $340 | 22% |
| Built year | 2002 | 2005 | 19% |
| HOA | $317.0 | $325 | 43% |
| Days on market | 54 | 153 | 5% |
Mar 12, 2026
$374,900
$384,900
-3% Price Drop
Initial Listing
Feb 27, 2026
$384,900
Initial Listing
Apr 9, 2009
$80,000
Public Record
Jul 22, 2005
$288,000
Public Record