24909 Madison Avenue 1323, Murrieta, California 92562, Murrieta, 92562 - 1 bed, 1 bath
24909 Madison Avenue 1323
Murrieta, California 92562
Property Price
SUMMARY
Analysis of 24909 Madison Avenue 1323, Murrieta, California 92562 is currently available with a list price of $290,000. 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.
Built in 2003, this 23-year-old property falls into the 'fair' category as it is aged but well-maintained through regular upkeep. While described as move-in ready with functional appliances and resort-style amenities, there is no mention of recent extensive renovations to the kitchen or bathroom, suggesting the finishes and systems are likely original or older, consistent with a home of this vintage.
PROSSTRENGTHS & OPPORTUNITIES
- Resort-Style Amenities
The community offers an extensive amenity package including a heated pool, spa, gym, and racquetball court, providing high lifestyle value for residents.
- Functional End-Unit Layout
As an end-unit, the property provides enhanced privacy and a spacious 854 sq. ft. floor plan that includes a walk-in closet and a dedicated in-unit laundry room.
- Strong School District
The property is located within the highly-rated Murrieta Valley Unified School District, with proximity to schools rated as high as 8/10, supporting long-term property value.
CONSRISKS & DEFICIENCIES
- Long-Term Tenant Occupancy
The property is tenant-occupied until September 2026, which significantly limits the buyer pool to investors and excludes owner-occupants needing immediate residency.
- Monthly HOA Expenses
The $380 monthly association fee represents a notable recurring carrying cost that may impact the overall affordability and debt-to-income ratio for some buyers.
About 24909 Madison Avenue 1323
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!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 2003
- Lot Size
- 435 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $380.0 / Month
Neighborhood Insights
Murrieta Unified Schools
Murrieta Elementary School
Grades K-5 • 0.4 mi
Thompson Middle School
Grades 6-8 • 1.4 mi
Murrieta Valley High School
Grades 9-12 • 1.4 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 3.0 | 6% |
| Baths | 1.0 | 2.0 | 6% |
| Square foot | 854 | 1,235 | 6% |
| Lot Size | 435 | - | 55% |
| Price | $290.0K | $462.5K | 3% |
| Price per sq ft | $340 | $340 | 50% |
| Built year | 2003 | 2005 | 29% |
| HOA | $380.0 | $355 | 87% |
| Days on market | 60 | 161 | 10% |
Pricing History
Listed for Sale
Jan 6, 2026
$290,000
Initial Listing
Sold
Dec 14, 2015
$142,000
Public Record
Sold
Dec 19, 2003
$156,500
Public Record