29068 Derby, Murrieta, California 92563, Murrieta, 92563 - 4 bed, 3 bath
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Murrieta, California 92563
This Spacious Single Family Residence is a Strong Value Opportunity, listed at $699,000—positioned well below the $660,257 Fair Market Value by -5%. Featuring a Fair Condition Rating, the home offers a functional 2,459 sqft layout with a large lot and patio. Located in the top-tier Murrieta School District near Chaparral High School (9/10), it provides excellent educational access. This property is an ideal acquisition for Owner-Occupants seeking a family-oriented lifestyle or first-time buyers looking to build long-term equity through minor cosmetic updates.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 29068 Derby Subject | $699,000* List Price | 4 | 3 | 2,459 | $270 | - |
A 29382 Taos Circle Sold | $710,000 | 4 | 3 | 2,570 | $276 | 0.3 mi |
B 37710 Sprucewood Sold | $720,000 | 4 | 3 | 2,570 | $280 | 0.4 mi |
C 29419 Pebble Beach Drive Sold | $720,000 | 4 | 3 | 2,828 | $255 | 0.4 mi |
D 29215 Derby Sold | $670,000 | 4 | 4 | 3,168 | $211 | 0.1 mi |
E 29648 Pebble Beach Drive Sold | $885,000 | 5 | 3 | 3,069 | $288 | 0.5 mi |
F 29138 Derby Drive Sold | $683,500 | 4 | 3 | 3,168 | $216 | 0.0 mi |
G 39545 Via Dominique Sold | $720,000 | 4 | 3 | 2,318 | $311 | 0.8 mi |
H 37829 Rainbow Drive Active | $750,000 List Price | 5 | 3 | 2,873 | $261 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 2002 (22 years old), the property falls into the 'Fair' category as it exceeds the 20-year mark with mostly original features. While the kitchen has some updates like stainless steel appliances and stone counters, the oak cabinetry, pedestal sink, and brown carpeting are dated. The home is well-maintained and move-in ready, but the age of the primary systems and finishes suggests a need for minor updates and upcoming maintenance.
Elementary School: Alamos Elementary School (9/10). High School: Chaparral High School (9/10).
The property is served by top-tier schools, including Alta Murrieta Elementary and Chaparral High School, both boasting 9/10 ratings, making it highly attractive for families.
Featuring nearly 2,500 square feet of living space with an open floor plan and all four bedrooms on the upper level, the home offers a functional and desirable configuration for modern living.
The listing indicates no specific views, which may be a disadvantage compared to other properties in the Murrieta area that offer mountain or city light vistas.
While the first floor has been recently painted, the 2002 construction and lack of mentioned upgrades to the kitchen or bathrooms suggest that additional capital may be needed for full modernization.
Here’s a nice 4-bedroom home located in a desirable neighborhood of Murrieta. The floor plan is well designed, offering a spacious and open layout. The first floor walls and ceilings were recently painted. The family-friendly layout continues upstairs where all the bedrooms are located. The sizeable lot is perfect for your kids and pets, with a backyard patio deck and patio cover.
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades K-5 • 1.0 mi
Grades K-5 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 2,459 | 2,570 |
| Lot Size | 8,276 | 7,405 |
| Price | $699.0K | $717.1K |
| Price per sq ft | $284 | $305 |
| Built year | 2002 | 2001 |
| HOA | $0 | $180 |
| Days on market | 37 | 61 |
Jun 16, 2026
$699,000
Initial Listing
Aug 3, 2007
$380,000
Public Record
Dec 21, 2005
$527,500
Public Record