
Murrieta, California 92562
Analysis of 32725 Jerome, Murrieta, California 92562 is currently available with a list price of $1,099,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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.
Property is moderate renovation needed.
Built in 1993, the property is over 30 years old with interiors that appear original. While major systems have been recently updated (new roofs in 2023, new solar inverter, and new well pump), the kitchens and bathrooms feature dated oak cabinetry, laminate countertops, and older tile work that require modernization.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 148540, living area = 2344.
The property features two separate, legal homes with new roofs (2023), providing exceptional flexibility for multi-generational living, guest accommodations, or significant rental income potential.
Spanning 3.41 usable acres, the lot includes a rare year-round creek and mature oak trees, offering a private, park-like setting suitable for horses, agriculture, or custom expansion.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 2.
With both residences under 1,300 square feet, the property may lack the expansive interior living area typically desired by buyers seeking a large, single-family primary estate.
Initial access via a dirt road (Rancho Mirlo) may be a deterrent for some buyers, despite the availability of an alternative paved route through the adjacent neighborhood.
Rare opportunity to own a 3.41-acre property featuring two homes and a year-round creek in a highly convenient location at the base of the Santa Rosa Plateau, just off Clinton Keith Road on the border of Wildomar and West Murrieta. Offering a unique combination of privacy, natural beauty, and accessibility, this property is only minutes from the I-15 Freeway, shopping, restaurants, schools, and other everyday conveniences. The usable acreage offers endless possibilities for horses, agriculture, recreation, or future improvements. Mature trees, scenic walking paths, and a year-round creek create a peaceful setting where you can enjoy the sights and sounds of nature from your own backyard. The property includes two separate residences, providing excellent flexibility for multi-generational living, rental income, guest accommodations, or a private family retreat. **House 1:** Approximately 1,270 sq. ft. with 2 bedrooms and 2 bathrooms. **House 2:** Approximately 1,074 sq. ft. with 2 bedrooms and 2 bathrooms. Both homes feature new roofs installed in 2023 and covered patios. Additional improvements include paid-for solar with a new inverter, a private water well with a new pump, RV hookups, and established landscaping throughout the property. A standout feature is the large oak tree overlooking the creek, creating an inviting outdoor gathering area in a truly picturesque setting. Whether you choose to enjoy the property as it is or build your custom dream home, this is a rare opportunity to own acreage with natural water, mature trees, and two homes in an exceptionally convenient location. Just minutes away, you'll find thousands of acres of protected open space and hiking trails within the Santa Rosa Plateau Ecological Reserve, as well as Temecula Wine Country, hospitals, grocery stores, restaurants, and convenient access to the I-15 Freeway. Los Angeles, Orange County, San Diego, Palm Springs, and Big Bear are all within approximately 90 minutes. **Note:** Jerome Lane may also be accessed through the adjacent neighborhood if you prefer to avoid Rancho Mirlo (the dirt road off Clinton Keith Road).
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 4.0 |
| Baths | 4.0 | 3.0 |
| Square foot | 2,344 | 2,570 |
| Lot Size | 148,540 | 7,405 |
| Price | $1.10M | $717.1K |
| Price per sq ft | $469 | $305 |
| Built year | 1993 | 2001 |
| HOA | $0 | $180 |
| Days on market | 13 | 61 |
Jul 9, 2026
$1,099,000
Initial Listing
Aug 22, 2024
$1,100,000
Public Record