29148 Via Princesa, Murrieta, California 92563, Murrieta, 92563 - 2 bed, 2 bath
29148 Via Princesa
Murrieta, California 92563
Property Price
SUMMARY
Analysis of 29148 Via Princesa, Murrieta, California 92563 reveals a Prime Investment Opportunity with a current list price of $429,900—significantly undercutting the $461,782 Fair Market Value by 6%. This valuation gap indicates a +$31,882 Instant Equity potential for buyers. 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.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 29148 Via Princesa Subject | $429,900* List Price | 2 | 2 | 1,440 | $321 | - |
A 37943 Spyglass Circle Sold | $510,000 | 4 | 3 | 1,458 | $350 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property is move-in ready and has been well-maintained with significant documented updates. Key improvements include a kitchen remodel with maple cabinetry and laminate flooring (2015), Pella double-paned windows (2018), and fresh interior/exterior paint and a new water heater (2022). While the roof (2005) and HVAC (2012) are older, the overall interior and exterior condition reflects extensive renovation within the 5 to 15-year window required for a 'good' rating.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Alamos Elementary School (9/10). High School: Chaparral High School (9/10).
- Prime Golf Course Location
Situated directly on the fairway within the Spring Knolls 55+ community, the property offers premium golf course views and includes a golf cart and charger, providing an ideal lifestyle for active seniors.
- Extensive Recent Upgrades
The home features significant documented investments, including Pella double-paned windows (2018), fresh interior and exterior paint (2022), a newer water heater (2022), and a remodeled kitchen with maple cabinetry.
CONSRISKS & DEFICIENCIES
- Aging Major Infrastructure
While well-maintained, the asphalt roof dates back to 2005 and the HVAC system to 2012, suggesting these high-cost components may be approaching the end of their typical functional lifespans.
- Financing and Age Constraints
As a 1978 manufactured home, the property may face more restrictive financing options and stricter appraisal standards compared to newer or site-built residential properties.
About 29148 Via Princesa
Live on the Fairway! Golf cart and charger included! Nice manufactured home in the Spring Knolls 55+ Community. Clean and cared for with a great view. This 2 bed, 2 bath home boasts a charming feeling with a wrap around deck/porch for those warm spring and summer evenings. Dual driveways for RV parking, storage shed, and workshop shed as well. Many extras with an updated kitchen with maple cabinets, pull out storage, laminate backsplashes, and newer flooring($15,000 in 2015). Newer Pella double-paned windows($8,000 in 2018). Mowhawk laminate flooring throughout the home($4500 in 2015). Fully painted inside and out($7,000 in 2022). HVAC system redone($12,000 in 2012). Newer water heater($2,500 in 2022) Asphalt roof($15,000 in 2005). Low taxes! HOA paid monthly, bi-annually, or annually. This is one you want to see!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1978
- Lot Size
- 4,356 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $90.0 / Month
Neighborhood Insights
Murrieta Unified Schools
Daniel N. Buchanan Elementary School
Grades K-5 • 0.7 mi
Alta Murrieta Elementary School
Grades K-5 • 1.0 mi
Ysabel Barnett Elementary School
Grades K-5 • 1.2 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 4.0 | 1% |
| Baths | 2.0 | 3.0 | 17% |
| Square foot | 1,440 | 2,541 | 5% |
| Lot Size | 4,356 | 6,970 | 14% |
| Price | $429.9K | $695.0K | 0% |
| Price per sq ft | $299 | $287 | 59% |
| Built year | 1978 | 2004 | 0% |
| HOA | $90.0 | $0 | 75% |
| Days on market | 5 | 169 | 0% |
Pricing History
Listed for Sale
Mar 2, 2026
$429,900
Initial Listing
Sold
Jul 11, 2022
$380,000
Public Record
Sold
Mar 22, 2000
$62,000
Public Record