31389 Taylor Lane, Temecula, California 92592, Temecula, 92592 - 1 bed, 1 bath
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31389 Taylor Lane
Temecula, California 92592
ACTIVE
CONDITION: GOOD
1Beds
1Baths
864Sq Ft
0Lot Size
Property Price
LIST PRICE$325,000
EST. MARKET VALUE
$343,189
5% BelowMARKET VALUE
SUMMARY
This Turnkey Condominium is a Strong Value Opportunity, listed at $325,000—positioned well below the $343,189 Fair Market Value by 5%. This valuation gap offers $18,189 in Instant Equity for the buyer. Featuring a Good Condition Rating with new luxury vinyl plank flooring and fresh paint, this residence offers a low-maintenance lifestyle. Residents enjoy access to a community pool, spa, and clubhouse, plus proximity to top-rated schools like Great Oak High. This is an ideal acquisition for first-time buyers or downsizing professionals.
Estimated Market Value
$343,189+$18,189 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Temecula.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 31389 Taylor Lane Subject 1 bd · 1 ba · 864 sqft · $397 | $325,000* List Price | 1 | 1 | 864 | $397 | - |
A 313356 Taylor Ln Sold 1 bd · 1 ba · 864 sqft · $386 · 0.0 mi | $333,500 | 1 | 1 | 864 | $386 | 0.0 mi |
B 44774 Adam Lane Sold 1 bd · 1 ba · 864 sqft · $399 · 0.0 mi | $345,000 | 1 | 1 | 864 | $399 | 0.0 mi |
C 44780 Adam Sold 2 bd · 2 ba · 1,101 sqft · $381 · 0.0 mi | $420,000 | 2 | 2 | 1,101 | $381 | 0.0 mi |
D 31238 Taylor Sold 2 bd · 2 ba · 1,101 sqft · $381 · 0.1 mi | $420,000 | 2 | 2 | 1,101 | $381 | 0.1 mi |
E 31368 Taylor Active 1 bd · 1 ba · 864 sqft · $392 · 0.0 mi | $339,000 List Price | 1 | 1 | 864 | $392 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Built in 2005 (19 years old), the property falls within the 10-20 year range for 'Good' condition. It is well-maintained and move-in ready with recent cosmetic updates including new luxury vinyl plank flooring, fresh interior paint, and a new toilet. While the kitchen cabinetry and appliances appear original to the build date, they are functional and the systems (HVAC) are reported as central.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Red Hawk Elementary School (9/10). High School: Great Oak High School (10/10).
- Turnkey Condition
The unit is move-in ready with significant recent upgrades, including new luxury vinyl plank flooring, fresh interior paint, and updated fixtures, minimizing immediate post-purchase costs.
- Prime Location and Schools
Situated in a highly desirable area near Temecula wineries and Pechanga Casino, the property also benefits from access to top-tier schools, including the 10-rated Great Oak High School.
CONSRISKS & DEFICIENCIES
- Limited Parking
The property only includes one assigned parking space, which may be a significant drawback for households with multiple vehicles or for hosting guests.
- High Association Fees
The $400 monthly HOA fee represents a substantial recurring cost relative to the property size, which may impact the overall affordability and debt-to-income ratio for buyers.
About 31389 Taylor Lane
Charming move in ready first floor condo in the beautiful community of Temecula Creek Village! This inviting residence is a lovely 1 bedroom 1 bath condo located in a quiet location and includes 864 square feet of living space with no stairs. Upgrades include new interior paint, new luxury vinyl plank flooring throughout, new toilet, new garbage disposal and new modern kitchen faucet fixture. Additional unique features include in unit laundry closet with full size washer and dryer, walk in closet, and an enclosed patio to relax and enjoy. Central air and heat. 1 assigned parking space. Community includes access to a community Pool and Spa, Gym, Racquetball court, Playground and Clubhouse. Spectacular location near shops, restaurants, and Temecula wineries. Community includes access to a community Pool and Spa, Gym, Racquetball court, Playground and Clubhouse. Ideally located near Pechanga Casino, Temecula's renowned wineries, shopping, dining, and with easy access to the I-15 freeway, this home combines comfort, convenience, and lifestyle.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 2005
- Lot Size
- -
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $400.0 / Month
Neighborhood Insights
Temecula Unified Schools
Red Hawk Elementary School
Grades K-5 • 0.9 mi
9/10
Erle Stanley Gardner Middle School
Grades 6-8 • 0.4 mi
8/10
Great Oak High School
Grades 9-12 • 2.0 mi
10/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.9 |
| Baths | 1.0 | 2.8 |
| Square foot | 864 | 1,494.304 |
| Lot Size | - | 2,955.261 |
| Price | $325.0K | $560.9K |
| Price per sq ft | $376 | $378 |
| Built year | 2005 | 2014 |
| HOA | $400.0 | $291 |
| Days on market | 12 | 66 |
Pricing History
Listed for Sale
Oct 13, 2026
$325,000
Initial Listing
Sold
Jun 16, 2006
$230,000
Public Record