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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$290,000$854/sqft
24909 Madison Avenue 1323, Murrieta, California 92562
1Bed
1Bath
854Sqft
435Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Extensive Community Amenities: Residents enjoy resort-style living with access to a heated pool, spa, gym, fitness center, picnic area, and racquetball court, enhancing lifestyle and value.
Top Cons:
Extended Tenant Occupancy: The property is tenant-occupied until September 2026, which significantly limits immediate owner-occupancy and may deter buyers looking to move in sooner.

Compared to the nearby listings

Price:$290.0K vs avg $490.0K ($-200,000)2%
Size:854 sqft vs avg 1,428 sqft5%
Price/sqft:$340 vs avg $33653%

More Insights

Built in 2003 (23 years old).
Condition: The property, built in 2003, is well-maintained and clean, featuring dark laminate flooring in the living areas and clean carpet in the bedroom. However, the kitchen and bathroom styles are dated, with light wood cabinets, laminate countertops, white appliances, and patterned vinyl flooring. While functional and move-in ready, these areas would benefit from cosmetic updates to meet current aesthetic standards. The absence of central air conditioning is also a notable drawback for comfort.
Year Built
2003
Close
-
List price
$290K
Original List price
$290K
Price/Sqft
$340
HOA
$380
Days on market
-
Sold On
-
MLS number
OC26003229
Home ConditionFair
Features
Good View: Mountain(s), Neighborhood
ViewMountain(s), Neighborhood

About this home

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, fitness center, picnic area 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!

R
Rik Ringys
Listing Agent

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
12/14/15
Sold
$142,000
12/19/03
Sold
$156,500
Condition Rating
Fair
The property, built in 2003, is well-maintained and clean, featuring dark laminate flooring in the living areas and clean carpet in the bedroom. However, the kitchen and bathroom styles are dated, with light wood cabinets, laminate countertops, white appliances, and patterned vinyl flooring. While functional and move-in ready, these areas would benefit from cosmetic updates to meet current aesthetic standards. The absence of central air conditioning is also a notable drawback for comfort.
Pros & Cons

Pros

Extensive Community Amenities: Residents enjoy resort-style living with access to a heated pool, spa, gym, fitness center, picnic area, and racquetball court, enhancing lifestyle and value.
Prime Location & Accessibility: Centrally located in Murrieta, minutes from shopping, dining, entertainment, and offering easy highway access for convenient commuting.
Move-in Ready with Modern Conveniences: The condo is move-in ready, featuring an electric fireplace, a well-equipped kitchen, in-unit washer and dryer, and a spacious walk-in closet.
Investor-Friendly with Existing Lease: Currently tenant-occupied until September 2026, providing immediate rental income and making it an attractive option for investors seeking a turn-key property.
Enhanced Privacy & Desirable Unit Type: As an end-unit on the second floor of a two-story building, it offers increased privacy, reduced noise, and potentially more natural light.

Cons

Extended Tenant Occupancy: The property is tenant-occupied until September 2026, which significantly limits immediate owner-occupancy and may deter buyers looking to move in sooner.
Lack of Central Air Conditioning: The description mentions ceiling fans but no central air conditioning, which could be a significant comfort drawback during Murrieta's hot summer months.
Significant Monthly HOA Dues: A monthly association fee of $380 adds a notable recurring cost to ownership, which potential buyers must factor into their budget.
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