36837 Wax Myrtle, Murrieta, California 92562, Murrieta, 92562 - 5 bed, 4 bath

36837 Wax Myrtle, Murrieta, California 92562 home-pic-0

36837 Wax Myrtle

Murrieta, California 92562

ACTIVE UNDER CONTRACT
CONDITION: EXCELLENT
5Beds
4Baths
3,962Sq Ft
9,148Lot Size

Property Price

LIST PRICE$899,900
EST. MARKET VALUE
$1,024,402
12% BelowMARKET VALUE

SUMMARY

Analysis of 36837 Wax Myrtle, Murrieta, California 92562 reveals a Prime Investment Opportunity with a current list price of $899,900—significantly undercutting the $1,024,402 Fair Market Value by 12%. This valuation gap indicates a +$124,502 Instant Equity potential for buyers. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. 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

$1,024,402 +$124,502 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Murrieta.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
36837 Wax Myrtle
Subject
$899,900*
List Price
543,962$259-
A
27123 Coral Bells Way
Sold
$833,000543,371$2470.4 mi
B
27792 Carlton Oaks Street
Sold
$850,000433,238$2630.8 mi
C
36157 Coffee Tree Place
Sold
$720,000432,621$2750.7 mi
D
26523 Bladen Avenue
Active
$739,000
List Price
533,144$2351.0 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Excellent
TeardownExcellent

Property is new construction or fully renovated.

Built in 2003, this property has undergone extensive and high-quality recent renovations, particularly evident in the primary bathroom which features modern fixtures, new tiling, and a freestanding tub, appearing virtually new. The kitchen is upgraded with all stainless steel appliances and granite countertops, presenting in excellent condition. Recent updates like interior/exterior paint, newer garage doors, and exterior lighting, along with meticulous maintenance, ensure all components meet current quality standards with no deferred maintenance.

PROSSTRENGTHS & OPPORTUNITIES

  • Resort-Style Backyard Oasis

    The property boasts a stunning backyard featuring a pool with water features, an attached spa, a built-in outdoor kitchen with grill, sink, and refrigerator, a firepit sitting area, and radiant solar heating for the pool, creating an ideal space for entertaining and relaxation.

  • Upgraded Gourmet Kitchen

    The kitchen is extensively upgraded with all stainless steel appliances, including a double convection oven, a large center island, a walk-in pantry, and ample cabinet and counter space, catering to culinary enthusiasts.

  • Luxurious Primary Suite

    The primary bedroom offers a private retreat with an attached sitting area and fireplace, complemented by a stunning master bath featuring an oversized walk-in shower, dual walk-in closets, double vanities, and a large soaking tub.

CONSRISKS & DEFICIENCIES

  • Lack of Explicit Central AC

    The property description details numerous upgrades and amenities but does not explicitly mention the presence of a central air conditioning system, which could be a significant consideration in Murrieta's climate.

  • Standard Neighborhood View

    While the property has a view, it is specified as a 'Neighborhood' view, which may not appeal to buyers seeking more expansive or unique scenic vistas such as mountains, city lights, or water.

  • Age of Core Systems (Potential)

    Built in 2003, the property is 20 years old. While cosmetic and some exterior updates are noted, the description does not provide information on the age or condition of major core systems like the roof, plumbing, or HVAC (if present), which could imply potential future maintenance or replacement costs.

About 36837 Wax Myrtle

Start checking the boxes because this one might just have it all! This upgraded and meticulously maintained home offers a spacious and well designed floor plan with great amenities and a back yard paradise. The upgraded kitchen features all stainless appliances including a double convection oven, large center island, walk-in pantry and loads of cabinets and counter space. On one side the kitchen opens to a family room with an inviting fire place. On the other side of the kitchen the butler's pantry leads into the formal dining room with french doors leading into the backyard. Off of the dining room is a cozy sitting room. There is a downstairs bedroom with a walk-in closet, full bath and a large separate laundry with a sink and built in cabinets. There is direct access to both a double and single car garages. Upstairs is the primary bedroom with an attached sitting area and fireplace. The master bath is stunning with an over-sized walk-in shower, dual walk-in closets, double vanities and a large soaking tub. there are two bedrooms with a jack n jill bath and another bedroom with it's own full bath. The bonus room would make a great game/party area or a quiet retreat for the family. OK, now for the back yard: Stunning pool with water features and attached spa, built in outdoor kitchen with grill, sink and refrigerator, firepit sitting area and plenty of room left over for sitting and relaxing. Landscaped yards front and back. House was just recently painted inside and out, newer garage doors and openers, rain gutters, new exterior lighting and radiant solar heating for the pool. Make sure to check out the virtual tour and schedule an appointment to see it in person.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
2003
Lot Size
9,148 Sq. Ft.

Interior

Total Bedrooms
5
Total Bathrooms
4 (4 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$0 / Month

Neighborhood Insights

Murrieta Unified Schools

Avaxat Elementary School

Grades K-5 • 0.5 mi

6/10

Antelope Hills Elementary School

Grades K-5 • 0.7 mi

7/10

Rail Ranch Elementary School

Grades K-5 • 0.7 mi

8/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds5.04.0
75%
Baths4.03.0
80%
Square foot3,9622,450
91%
Lot Size9,1487,840
63%
Price$899.9K$715.0K
76%
Price per sq ft$227$316
4%
Built year20031997
74%
HOA$0$0
50%
Days on market48183
3%

Pricing History

Listed for Sale

Jan 18, 2026

$899,900

Initial Listing

Sold

Sep 26, 2019

$638,000

Public Record

Sold

Sep 18, 2018

$610,000

Public Record

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