24909 Madison Ave 1323, Murrieta, California 92562, Murrieta, 92562 - 1 bed, 1 bath
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Murrieta, California 92562
This property presents a High-Potential Investment Opportunity with a List Price of $305,000—positioned well above the $271,649 Fair Market Value by -12%. Featuring a Fair Condition Rating and resort-style amenities like a pool and spa, this end-unit offers privacy and proximity to top-rated schools in the Murrieta Valley High School district. While the current lease through September 2026 limits immediate occupancy, the property remains a stable Buy-and-Hold Asset for Long-Term Investors or first-time buyers planning for future residency.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 24909 Madison Ave 1323 Subject | $305,000* List Price | 1 | 1 | 854 | $318 | - |
A 24909 Madison 124 Sold | $375,000 | 2 | 2 | 1,159 | $324 | 0.1 mi |
B 41410 Juniper Street 2723 Sold | $386,000 | 2 | 2 | 1,159 | $333 | 0.1 mi |
C 24909 Madison Ave 2823 Active | $328,000 List Price | 1 | 1 | 854 | $384 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 2003, the property is 23 years old and falls into the 'Fair' category (>20y). While the living areas are well-maintained with updated flooring, the bathroom features original builder-grade cabinetry, tile, and fixtures that are dated and nearing the end of their functional lifespan. No major renovations are noted to bring it into the 'Good' or 'Excellent' brackets.
As a light-filled end-unit, this property offers enhanced privacy and an open-concept layout that maximizes its 854 square feet of living space.
The gated community provides high-value amenities including a pool, spa, and fitness center, enhancing the overall appeal for both tenants and owners.
Located within the Murrieta Valley High School district, the property benefits from proximity to top-rated educational institutions, supporting long-term property value.
The property is tenant-occupied until September 2026, significantly limiting the buyer pool to investors and excluding those seeking a primary residence in the near term.
With 79 days on the market and multiple price reductions, the property has faced challenges in attracting a buyer, suggesting potential sensitivity to current market conditions or pricing.
Welcome to this charming 1-bedroom, 1-bathroom End-Unit located in a desirable gated community. This light-filled home features an open-concept layout with a spacious living area, private balcony, and a well-appointed kitchen with ample cabinetry and counter space. The generously sized bedroom offers comfort and privacy, complemented by a large walk-in closet and convenient in-unit laundry. Enjoy resort-style amenities including a sparkling pool, spa, fitness center, and meticulously maintained grounds. Perfectly situated near shopping, dining, and major freeways, this home is ideal for first-time buyers, investors, or anyone seeking low-maintenance living in a prime location. Don’t miss this opportunity to own in one of Murrieta’s most sought-after communities! Currently tenant occupied until September 2026
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades 6-8 • 1.4 mi
Grades 9-12 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 3.0 | 2% |
| Baths | 1.0 | 3.0 | 2% |
| Square foot | 854 | 1,411 | 2% |
| Lot Size | - | - | 50% |
| Price | $305.0K | $475.0K | 2% |
| Price per sq ft | $357 | $340 | 74% |
| Built year | 2003 | 2005 | 30% |
| HOA | $380.0 | $325 | 79% |
| Days on market | 81 | 135 | 19% |
May 25, 2026
$305,000
$310,000
-2% Price Drop
Initial Listing
May 7, 2026
$310,000
$320,000
-3% Price Drop
Initial Listing
Apr 29, 2026
$320,000
$330,000
-3% Price Drop
Initial Listing
Mar 17, 2026
$330,000
Initial Listing
Dec 14, 2015
$142,000
Public Record
Dec 19, 2003
$156,500
Public Record