24909 Madison Avenue 1324, Murrieta, California 92562, Murrieta, 92562 - 1 bed, 1 bath
24909 Madison Avenue 1324
Murrieta, California 92562
Property Price
SUMMARY
Analysis of 24909 Madison Avenue 1324, Murrieta, California 92562 is currently available with a list price of $339,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. 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 move-in ready.
This property, built in 2003 (21 years old), is in good condition. It is move-in ready with significant recent upgrades, including a brand new HVAC system and water heater, which are critical for comfort and longevity. The description also notes 'beautiful laminate wood flooring throughout' and a 'well-equipped kitchen' with 'modern appliances' (microwave, stove, dishwasher). While the kitchen features light wood cabinets, laminate countertops, and white appliances (as seen in images), which are clean and functional, they don't reflect the most current high-end aesthetic trends. However, the appliances are described as modern, implying they are not original and are in good working order. No specific bathroom images were provided, but based on the overall condition and recent system updates, it's reasonable to assume it's well-maintained and functional. The property meets the 'Good' criteria of being move-in ready with well-maintained systems and some updated components, without having undergone a full, recent, high-end renovation.
PROSSTRENGTHS & OPPORTUNITIES
- Gated Community & Resort Amenities
Nestled in the exclusive gated community of Madison Park Villas, offering resort-style amenities including a swimming pool, spa, clubhouse, and gym/exercise room.
- Move-in Ready with Key Upgrades
The condo is move-in ready, featuring a brand new HVAC system and water heater, along with beautiful laminate wood flooring throughout.
- Convenient Location
Strategically located near shopping centers and major freeways, providing excellent accessibility and convenience for daily needs.
CONSRISKS & DEFICIENCIES
- Limited Living Space
With only 1 bedroom and 1 bathroom across 854 sqft, the property offers limited living space, which may not suit all buyer needs or future expansion.
- Monthly Homeowners Association (HOA) Fees
The $317.0 monthly association fee adds a recurring cost to ownership, which can impact the overall affordability and budget for potential buyers.
- Second-Floor Location
As a second-floor condo, it may present accessibility challenges for some buyers, particularly those with mobility concerns or a preference for ground-floor living.
About 24909 Madison Avenue 1324
Nestled in the exclusive gated community of Madison Park Villas, this move-in-ready second-floor condo offers comfort, style, and convenience. Featuring 1 bedroom, 1 bathroom, and a brand new HVAC and water heater, this home is ideal for easy living. Inside, you'll be welcomed by beautiful laminate wood flooring throughout, a cozy living room with a fireplace, and a sliding glass door that opens to the balcony, offering peek-a-boo mountain views. The well-equipped kitchen boasts: A breakfast nook and dining area, modern appliances, including a microwave, stove, and dishwasher, plenty of cabinet space, and a nearby laundry room for added convenience. Adjacent to the dining area, you’ll find a versatile bonus room that can be used as pantry storage or an extra closet. The primary bedroom includes a walk-in closet and a ceiling fan for optimal comfort. Additionally, the unit comes with a covered carport parking space and an open car space. Madison Park Villas offers resort style amenities, including: A swimming pool and spa, clubhouse, and gym/exercise room. Conveniently located near shopping centers and major freeways, this condo is a perfect blend of tranquility and accessibility.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 2003
- Lot Size
- -
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $317.0 / 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 | - | - | 50% |
| Price | $339.0K | $462.5K | 6% |
| Price per sq ft | $397 | $340 | 90% |
| Built year | 2003 | 2005 | 29% |
| HOA | $317.0 | $335 | 45% |
| Days on market | 116 | 162 | 32% |
Pricing History
Listed for Sale
Mar 3, 2026
$339,000
$344,990
-2% Price Drop
Initial Listing
Price Change
Nov 12, 2025
$344,990
Initial Listing
Sold
Dec 30, 2022
$335,000
Public Record
Sold
Jul 30, 2010
$78,000
Public Record
Sold
Dec 19, 2003
$156,500
Public Record