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

35621 Epple Street, Murrieta, California 92563 home-pic-0
ACTIVE$1,098,000
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:
Unrealized Pond Potential: The presence of a 'Giant Pond (currently empty)' indicates a significant landscaping project and potential cost for a buyer to fill, maintain, or repurpose the feature.

Compared to the nearby listings

Price:$1.10M vs avg $700.0K (+$398,000)99%
Size:2,870 sqft vs avg 2,587.5 sqft65%
Price/sqft:$383 vs avg $28493%

More Insights

Built in 1990 (35 years old).
Condition: Built in 1990, the property shows its age with significantly dated kitchen and bathroom aesthetics, including older cabinets, countertops, fixtures, and tile work. While electrical upgrades within the last 10 years are a positive, and the home appears functional, the cosmetic elements require substantial updates to meet modern standards. The flooring (carpet and tile) also appears older and worn in areas. The property is maintained but clearly shows signs of being outdated.
Year Built
1990
Close
-
List price
$1.1M
Original List price
$1.1M
Price/Sqft
$383
HOA
-
Days on market
-
Sold On
-
MLS number
GD25154986
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

Built in 1990, the property shows its age with significantly dated kitchen and bathroom aesthetics, including older cabinets, countertops, fixtures, and tile work. While electrical upgrades within the last 10 years are a positive, and the home appears functional, the cosmetic elements require substantial updates to meet modern standards. The flooring (carpet and tile) also appears older and worn in areas. The property is maintained but clearly shows signs of being outdated.
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.
Exceptional Development Potential: The property boasts Multi-Family 2 (MF-2) residential zoning on a substantial 4.55-acre lot in a rapidly growing city, offering significant investment and development opportunities.
Self-Sufficient Infrastructure: Equipped with a private water well, septic system, and propane tank, the property provides valuable off-grid capabilities and reduced reliance on municipal services.
Expansive & Private Acreage: The generous 4.55-acre lot allows for a private oasis, extensive landscaping, potential for additional structures, and a sense of seclusion.
Recent Electrical System Upgrades: Within the last 10 years, the property has received new electrical upgrades in key areas and a new sub-panel in the garage, indicating modern functionality and readiness for future expansion.
Strategic Location & No HOA: Centrally located near essential amenities like Costco and Target in a developing area, combined with the absence of HOA fees, enhances convenience and long-term value.

Cons

Unrealized Pond Potential: The presence of a 'Giant Pond (currently empty)' indicates a significant landscaping project and potential cost for a buyer to fill, maintain, or repurpose the feature.
Potential for Dated Systems: Built in 1990, while electrical has been updated, other major systems such as plumbing, HVAC (not mentioned), or roofing may be original or nearing the end of their lifespan, potentially requiring future capital expenditure.
Zoning Due Diligence Required: Although MF-2 zoning is a strength, the explicit advice for buyers to 'check with the city of Murrieta' suggests potential complexities or necessary investigations for development plans, which could be a barrier or added effort for some investors.

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