24909 Madison, Murrieta, California 92562, Murrieta, 92562 - 2 bed, 2 bath
24909 Madison
Murrieta, California 92562
Property Price
SUMMARY
Analysis of 24909 Madison, Murrieta, California 92562 is currently available with a list price of $432,000. 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.
The property has undergone extensive recent renovations, including brand-new luxury vinyl plank flooring, new quartz countertops in the kitchen, fresh paint, and new carpeting. Although built in 2003, these comprehensive updates to the surfaces, fixtures, and finishes meet current modern standards, making the unit move-in ready with no deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Turnkey Interior Upgrades
The property is move-in ready with significant recent improvements, including brand-new luxury vinyl plank flooring, fresh paint, new quartz countertops, and upgraded carpeting.
- Superior Storage Solutions
Unlike many standard condominiums, every bedroom in this unit features its own walk-in closet, providing exceptional storage capacity for residents.
- Strategic Location and Amenities
Situated in a quiet, gated community with resort-style pool and spa access, the home offers a prime location for commuters with quick freeway access and proximity to top-rated schools.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 3.
- Recurring HOA Costs
The monthly association fee of $372 represents a significant ongoing expense that buyers must incorporate into their long-term affordability calculations.
- High-Density Living Constraints
As a condominium unit, the property involves shared walls and lacks a private yard, which may be a drawback for buyers seeking more privacy or outdoor space.
About 24909 Madison
Welcome to your 3-bedroom, 2-bathroom condo. This is a prime opportunity for first-time homebuyers looking for a move-in-ready home. Located in a gated community, this unit offers both peace of mind and resort-style living with access to a sparkling pool and spa. The interior boasts fresh paint, brand-new luxury vinyl plank flooring in the main living areas, and plush new carpet in all bedrooms. New Stove, New Quartz counters in the kitchen and dining area. Every bedroom features its own walk-in closet, providing ample storage. The home is equipped with some new light fixtures and also has some ceiling fans to keep the space bright and cool. Water is also included in HOA. This home is tucked away in a quiet location within the complex, yet ideally situated for an easy commute with quick access to the freeway. Just minutes away from local shopping and dining destinations. You'll want to come and check this out!
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
- $372.0 / 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 • 1.6 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 | 1,232 | 1,235 | 45% |
| Lot Size | - | - | 50% |
| Price | $432.0K | $462.5K | 35% |
| Price per sq ft | $351 | $340 | 58% |
| Built year | 2003 | 2005 | 29% |
| HOA | $372.0 | $355 | 84% |
| Days on market | 13 | 161 | 3% |
Pricing History
Listed for Sale
Feb 22, 2026
$432,000
Initial Listing
Sold
Jan 16, 2025
$432,000
Public Record
Sold
Nov 10, 2020
$255,000
Public Record
Sold
Aug 21, 2018
$221,500
Public Record
Sold
Jul 25, 2012
$141,000
Public Record
Sold
Feb 21, 2003
$175,500
Public Record
Sold
Jan 23, 2003
$142,000
Public Record