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24909 Madison Avenue 1323, Murrieta, California 92562, Murrieta, 92562 - 1 bed, 1 bath

24909 Madison Avenue 1323, Murrieta, California 92562 home-pic-0
ACTIVE$295,000
24909 Madison Avenue 1323, Murrieta, California 92562
1Bed
1Bath
854Sqft
435Lot
Year Built
2003
Close
-
List price
$295K
Original List price
$342K
Price/Sqft
$345
HOA
$380
Days on market
-
Sold On
-
MLS number
OC25132600
Home ConditionFair
Features
Good View: Mountain(s), Neighborhood
ViewMountain(s), Neighborhood

About this home

We found 3 Cons,5 Pros. Rank: price - $295.0K(3th), sqft - 854(5th), beds - 1(5th), baths - 1(5th).

Charming 1-Bedroom, 1-Bathroom End-Unit Condo! Discover comfortable and convenient living in this delightful 854 sq. ft. condo, perfectly situated on the second floor of a serene two-story building. Ideal for first-time buyers or investors, this move-in-ready home offers privacy, modern amenities, and a prime location in vibrant Murrieta. Step inside to an inviting living space with a cozy electric fireplace, perfect for relaxing evenings. The open layout flows seamlessly into a well-equipped kitchen featuring an electric stove, dishwasher, microwave, and ceiling fan, with an adjacent laundry room including washer and dryer. The spacious bedroom boasts a generous walk-in closet, a ceiling fan, and direct bathroom access for added convenience. Enjoy resort-style living with access to a heated pool, spa, gym, and racquetball court. Centrally located, you’re minutes from Murrieta’s shopping, dining, and entertainment, with easy highway access for commuting. Currently tenant-occupied until September 2026. Don’t miss this low-maintenance, feature-packed condo in a welcoming community! Schedule your showing today!

Nearby schools

7/10
Murrieta Elementary School
Public,•K-5•0.4mi
6/10
Thompson Middle School
Public,•6-8•1.4mi
8/10
Murrieta Valley High School
Public,•9-12•1.4mi

Price History

Date
Event
Price
11/29/25
Price Change
$295,000-1.7%
11/19/25
Price Change
$300,000-3.2%
11/11/25
Price Change
$310,000-3.1%
11/02/25
Price Change
$320,000-1.8%
09/17/25
Price Change
$326,000-1.8%
09/03/25
Price Change
$332,000
06/12/25
Listing
$342,000
Condition Rating
Fair
The property was built in 2003, making it 21 years old. While described as 'move-in ready' and appearing clean and functional, the kitchen features light wood cabinets, laminate countertops, white appliances, and linoleum flooring, which are all dated in style and likely original or from an early renovation. The living area has laminate flooring, but the bedroom is carpeted. Major components are functional, but the aesthetic is outdated, requiring minor updates to meet current tastes, particularly in the kitchen and likely the bathroom (not pictured but assumed to be similar in age/style).
Pros & Cons

Pros

Prime Location & Accessibility: The condo is centrally located, offering minutes-away access to Murrieta’s shopping, dining, and entertainment, coupled with easy highway access for commuting.
Resort-Style Community Amenities: Residents enjoy access to a heated pool, spa, gym, and racquetball court, providing a resort-like living experience.
Move-in Ready with Modern Inclusions: The unit is move-in ready, featuring a well-equipped kitchen with appliances, an electric fireplace, and an adjacent laundry room with a washer and dryer.
Investment Potential with Guaranteed Income: Ideal for investors, the property is currently tenant-occupied until September 2026, ensuring immediate rental income.
Private End-Unit Configuration: As an end-unit on the second floor of a two-story building, it offers enhanced privacy and reduced noise.

Cons

Extended Tenant Occupancy: The property is tenant-occupied until September 2026, which restricts immediate owner-occupancy or significant renovations for a new buyer.
High Monthly Association Fees: A monthly association fee of $380 represents a notable recurring cost, particularly for a 1-bedroom unit.
History of Price Reductions: The listing has experienced multiple price reductions from its original list price, which may suggest market resistance or initial overpricing.

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