24909 Madison, Murrieta, California 92562, Murrieta, 92562 - 3 bed, 2 bath
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Murrieta, California 92562
This Condominium Asset represents a High-Potential Investment Opportunity, listed at $414,950—positioned well above the $367,116 Fair Market Value by -13%. While the price reflects a premium, the property maintains a Condition Rating of 4, offering a stable, move-in ready environment. Residents benefit from resort-style amenities and proximity to top-rated schools like Murrieta Valley High School (Rating 8). This home is an ideal acquisition for Buy-and-Hold Investors seeking rental demand or first-time buyers prioritizing a convenient, amenity-rich lifestyle in a prime Murrieta location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 24909 Madison Subject | $414,950* List Price | 3 | 2 | 1,232 | $298 | - |
A 24909 Madison 124 Sold | $375,000 | 2 | 2 | 1,159 | $324 | 0.1 mi |
B 24909 Madison Avenue 2013 Sold | $400,000 | 3 | 2 | 1,232 | $325 | 0.1 mi |
C 41410 Juniper St. 123 Sold | $408,000 | 3 | 2 | 1,235 | $330 | 0.2 mi |
D 41548 Blue Canyon 4 Sold | $479,999 | 3 | 3 | 1,411 | $340 | 0.4 mi |
E 41410 Juniper Street 121 Sold | $366,000 | 3 | 2 | 1,235 | $296 | 0.2 mi |
F 41543 King Palm Avenue 5 Sold | $438,790 | 3 | 2 | 1,340 | $327 | 0.3 mi |
G 41410 Juniper Street 424 Active | $365,000 List Price | 2 | 2 | 1,159 | $315 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 2003, the property is over 20 years old and retains many original features. While well-maintained and move-in ready, the kitchen is dated with white appliances and laminate countertops, fitting the criteria for a property needing minor cosmetic updates.
Located within the gated Madison Park Villas, residents benefit from premium amenities including a pool, spa, fitness center, clubhouse, and playground, offering a high-quality lifestyle.
The property is served by the prestigious Murrieta Valley Unified School District, featuring top-rated institutions like Murrieta Valley High School (Rating 8) and Murrieta Elementary (Rating 7).
The home offers exceptional convenience with quick access to both the I-15 and I-215 freeways, and is situated just minutes from the shopping and dining of Old Town Murrieta.
The $370 monthly association fee represents a substantial recurring cost that impacts overall affordability and may be a deterrent for budget-sensitive buyers.
With 1,232 square feet distributed across three bedrooms, the individual room sizes and common living areas may feel constrained for larger families or those requiring more spacious interiors.
Welcome to the highly sought-after gated community of Madison Park Villas in Murrieta. This well-maintained condo offers an open and functional floor plan with spacious living areas, abundant natural light, and comfortable everyday living. The kitchen opens to the dining and living spaces, creating an ideal setting for entertaining or relaxing at home. Generously sized bedrooms and ample storage provide flexibility for a variety of lifestyles, whether you're a first-time buyer, downsizing, or looking for an investment opportunity. Residents enjoy resort-style amenities including a pool, spa, fitness center, clubhouse, playground, and beautifully maintained grounds. Conveniently located near shopping, dining, schools, Old Town Murrieta, and with easy access to the I-15 and I-215 freeways, this home offers both comfort and convenience in one of Murrieta's most desirable communities. Don't miss this opportunity to own in Madison Park Villas.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades 6-8 • 1.5 mi
Grades 9-12 • 1.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 3.0 | 46% |
| Square foot | 1,232 | 1,411 | 33% |
| Lot Size | - | - | 50% |
| Price | $414.9K | $477.5K | 28% |
| Price per sq ft | $337 | $337 | 50% |
| Built year | 2003 | 2005 | 30% |
| HOA | $370.0 | $325 | 76% |
| Days on market | 16 | 143 | 4% |
May 29, 2026
$414,950
Initial Listing
Jan 16, 2025
$432,000
Public Record
Nov 10, 2020
$255,000
Public Record
Aug 21, 2018
$221,500
Public Record
Jul 25, 2012
$141,000
Public Record
Feb 21, 2003
$175,500
Public Record
Jan 23, 2003
$142,000
Public Record