35621 Epple Street, Murrieta, California 92563, Murrieta, 92563 - bed, bath

35621 Epple Street, Murrieta, California 92563 home-pic-0
ACTIVE$1,119,000
35621 Epple Street, Murrieta, California 92563
0Bed
0Bath
2,870Sqft
198,198Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 198198, living area = 2870.
Top Cons:
Zoning Due Diligence Required: Despite MF-2 zoning, the listing explicitly advises buyers to 'check with the city of Murrieta,' indicating potential complexities or uncertainties in realizing the multi-family development opportunity.

Compared to the nearby listings

Price:$1.12M vs avg $700.0K (+$419,000)99%
Size:2,870 sqft vs avg 2,587.5 sqft65%
Price/sqft:$390 vs avg $28494%

More Insights

Built in 1990 (35 years old).
Condition: The property was built in 1990, making it 34 years old. While significant electrical upgrades, including a new sub-panel, have been completed within the last 10 years, the listing does not specify recent cosmetic renovations to the kitchen or bathrooms. Based on the year built and the mention of a 'spa tub' in the master bath, it is highly probable that these areas retain their original or an earlier, dated aesthetic, requiring updates for modern appeal. The property analysis also notes 'Potential for System Updates' for HVAC, plumbing, and roof, suggesting other major components may be nearing the end of their lifespan. Therefore, while functional, the property shows signs of being outdated in key areas and requires minor to moderate cosmetic updates, aligning with a 'Fair' condition.
Year Built
1990
Close
-
List price
$1.12M
Original List price
$1.14M
Price/Sqft
$390
HOA
-
Days on market
-
Sold On
-
MLS number
GD25031549
Home ConditionFair
Features
Good View: Hills
Patio
ViewHills

About this home

Buyers this is a Unique and great Investment opportunity. Currently the zoning for the lot is MULTI-FAMILY 2, RESIDENTIAL (MF-2), buyer is advice to check with the city of Murrieta. Let's talk about the uniqueness of the property first, with 4.55 Acres you can create a private oasis complete with a pond, palm trees, cool breezes & great views. Have you been thinking of living of Off-Grid/Homestead style? The property has its own WATER WELL, septic tank and propane gas tank. A creek runs through the property as well. Additional features of the home include separate living room and family room each with a fireplace, spacious kitchen w/center island. Master bedroom features fireplace & master bath with spa tub. Within the last 10 years the sellers have installed new electrical upgrades in the kitchen, hallways, bathrooms, and bedrooms. In the garage you will find the new electrical sub-panel which allows for future expansion. The recently built back porch has lighting on posts. The palm trees in the front, side and along the driveway have special lighting on them. Giant Pond (currently empty). The front electric gate has new wiring from the house panel to the front entrance. Newly built lighting around the perimeter. Huge Attic above the garage – can be used for lots of storage. Let's go over the investment side, the city of Murrieta is rapidly growing! There is a lot of development happening around the lot. This is a great opportunity to buy and develop. Currently the zoning for the lot is MULTI-FAMILY 2, RESIDENTIAL (MF-2), buyer is advice to check with the city of Murrieta. The lot is centrally located to many amenities, Costco, Target, Starbucks, Blaze pizza and other shopping venues are a short distance drive. NO HOA fees.

Condition Rating
Fair

The property was built in 1990, making it 34 years old. While significant electrical upgrades, including a new sub-panel, have been completed within the last 10 years, the listing does not specify recent cosmetic renovations to the kitchen or bathrooms. Based on the year built and the mention of a 'spa tub' in the master bath, it is highly probable that these areas retain their original or an earlier, dated aesthetic, requiring updates for modern appeal. The property analysis also notes 'Potential for System Updates' for HVAC, plumbing, and roof, suggesting other major components may be nearing the end of their lifespan. Therefore, while functional, the property shows signs of being outdated in key areas and requires minor to moderate cosmetic updates, aligning with a 'Fair' condition.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 198198, living area = 2870.
Development & Investment Potential: The property boasts Multi-Family 2 (MF-2) residential zoning on a substantial 4.55-acre lot in a rapidly growing Murrieta, offering significant opportunities for future development or investment.
Self-Sustaining Infrastructure: Equipped with a private water well, septic tank, and propane gas tank, the property provides excellent off-grid capabilities and reduced reliance on municipal services, appealing to a self-sufficient lifestyle.
Expansive & Private Acreage: A generous 4.55-acre lot features a natural creek, mature palm trees with special lighting, and the potential for a private pond, creating a serene and secluded oasis with scenic views.
Recent Electrical Upgrades: Significant electrical upgrades have been completed within the last 10 years, including a new sub-panel in the garage, ensuring modern functionality and readiness for future expansions.
Prime Location & No HOA: Centrally located with short-distance access to major amenities like Costco, Target, and Starbucks, combined with the absence of HOA fees, enhances convenience and reduces ongoing costs.

Cons

Zoning Due Diligence Required: Despite MF-2 zoning, the listing explicitly advises buyers to 'check with the city of Murrieta,' indicating potential complexities or uncertainties in realizing the multi-family development opportunity.
Unfinished Exterior Feature: The 'Giant Pond (currently empty)' represents a significant feature that is not functional and would require substantial investment and effort to complete or restore.
Potential for System Updates: Built in 1990, and with no mention of HVAC, other major systems (e.g., plumbing, roof, cooling) may be original or nearing the end of their lifespan, potentially requiring future capital expenditures beyond the recent electrical upgrades.

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