24909 Madison Avenue 824, Murrieta, California 92562, Murrieta, 92562 - 2 bed, 2 bath
24909 Madison Avenue 824
Murrieta, California 92562
Property Price
SUMMARY
Analysis of 24909 Madison Avenue 824, Murrieta, California 92562 is currently available with a list price of $394,999. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. 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 new construction or fully renovated.
Although built in 2003, the property has been extensively renovated within the last year, meeting the criteria for excellent condition. The interior features brand-new stainless steel appliances, modern quartz countertops, updated shaker-style cabinetry, and a combination of new luxury vinyl plank flooring and fresh carpet. With new paint and updated fixtures throughout, the home is in turnkey condition with no deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Turnkey Condition
The property has been recently refreshed with new appliances, fresh paint, modern countertops, and upgraded flooring, offering a move-in ready experience for the buyer.
- Prime Location
Centrally located in Murrieta, the condo provides excellent proximity to top-rated schools, diverse shopping, dining, and convenient freeway access for commuters.
- Functional Floor Plan
The 1,159 sq. ft. open layout features a spacious primary suite with a walk-in closet and a seamless flow between the kitchen and living areas, ideal for entertaining.
CONSRISKS & DEFICIENCIES
- Recurring HOA Costs
The monthly association fee of $377 adds a significant recurring expense to the cost of ownership, which may impact the budget of some buyers.
- Lack of Scenic Views
The listing indicates no specific view from the unit, which could be a disadvantage compared to other properties in the region that offer mountain or city vistas.
About 24909 Madison Avenue 824
Welcome to 24909 Madison Unit 8-24, a beautifully refreshed 2-bedroom, 2-bath condo offering both comfort and convenience in the heart of Murrieta. Recently updated with new appliances, fresh paint, modern countertops, and upgraded flooring, this home is move-in ready and designed for easy living. Inside, the open layout creates a bright and inviting atmosphere. The primary suite features a spacious walk-in closet and private bath, while the second bedroom and full bath provide flexibility for family, guests, or a home office. The kitchen flows seamlessly into the living and dining areas, making it easy to cook, entertain, or simply relax at home. Set within a quiet, well-kept community, residents enjoy a peaceful setting while being just minutes from shopping, dining, schools, and convenient freeway access. Whether you're looking for your first home, a downsize, or a smart investment, this condo checks all the boxes.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 2003
- Lot Size
- -
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $377.0 / Month
Neighborhood Insights
Murrieta Unified Schools
Murrieta Elementary School
Grades K-5 • 0.5 mi
Thompson Middle School
Grades 6-8 • 1.5 mi
Murrieta Valley High School
Grades 9-12 • 1.5 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 48% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,159 | 1,235 | 23% |
| Lot Size | - | - | 50% |
| Price | $395.0K | $462.5K | 23% |
| Price per sq ft | $341 | $340 | 52% |
| Built year | 2003 | 2005 | 29% |
| HOA | $377.0 | $355 | 84% |
| Days on market | 5 | 161 | 3% |
Pricing History
Listed for Sale
Mar 2, 2026
$394,999
Initial Listing
Sold
Oct 2, 2003
$187,500
Public Record